WING HALL TRUSTEES REPORT - YEAR ENDED 30 SEPT 2024
Wing Hall continues to be a popular venue for a wide range of events, used by parish residents as well as those from further afield.
Continuing use means continuing management and maintenance. The Trustees are also working members of the Executive Committee, which includes four members of the parish as well as representatives of the Parish Council. Three paid members of staff look after the daily running of the hall and non-regular bookings, cleaning and routine maintenance. Everyone works hard but happily.
The Trust's finances remain sound. The importance of the need to maintain good reserves was underlined by the Covid pandemic, a need which must be carefully balanced against the continuing demands for building repair and maintenance.
In addition to income from Hall hirings and Library rent, the Trustees manage Charlotte Cottage, adjacent to the Hall. Charlotte Cottage has a mix of residential and office accommodation. Residential occupancy remains steady, with no significant void periods, and the Trustees strive to maintain rents at affordable levels, reflecting our responsibilities as an organisation serving the community. We are pleased to have recently received confirmation that Thames Valley Police, who maintain an office in the building, have decided to continue their tenancy, one begun over twenty years ago.
A rolling program of building repair and maintenance ensures that the century old buildings remain in good, safe and attractive shape. We continue to invest in energy-saving improvements and enhancements for both buildings, and have recently invest significant sums in removal of potentially hazardous materials from Charlotte Cottage.
Following the retirement of Neil Freeman as a Trustee, we have appointed Arthur Jones and Greg Wakefield as Trustees.
Chari Number 212601 ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 WING HALL TRUST Chari Number 212601 RA & DA Thompson 30 High Street Leighton Buzzard Beds LU7 IEA
WING HALL TRUST - Ch#ri Number: 212601 Accounts for the endent Examiner's Re Inde egr ended 30 Se tcmber 2024 ort to the Trustees of Win Hall Trust I report to the Trustees on my examination of the accounts of Wing Hall Trnst for the year ended 30 September 2024 which are set out on pages 2 to 6. Respective responsibilities and examiner The Charity's Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. The Charity's Trustees consider that an audit it not required for this year (under Section 144(2) of ihe Charities Act 2011 (the 2011 Act) and that an independent examination is n¢¢ded. It is my responsibility to: Examine the accounts (Under S145 of the 201 l Act). To follow the procedures laid down in the General Directions given by the Charity Commissioners (under S145(5}6 of the Act} and. State whether particular matters have come io my attention. Basis of independent examiner's report My examination was Carried out in accordance with the General Direclions given by the Charity Cotnmissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the aceounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would b¢ required in an audit, and consequently I do not ¢xpress an audit opinion on the view given by the accounts. Independent examiner's statement In connection with my examination, no matter has come to my altention; (l ) which gives me reasonable cause to believe that in any material respect the requirements- To keep accounting records in accordance with Sl 30 of the 201 l Act. and To prepare accounts which accord with the accounting records and comply with the accounting requirement of the 2011 Act have not been m¢t or. (2) to which, in my opinion, allention should be drawn in order to enable a prop¢r unde ding of the accounts to bc reached. DA Thompson Chartered Accountant 30 High Street Leighton Buz£ard Beds LU7 IEA LlliilLY
WING HALL TRU,ST Chari number 212601 STATEMENT OF FINANCIAL ACTJVITIF.S FOR THF. YEAR ENDEI) 30 SEPTEI MBER 2024 Notes 2024 2023 INCOMING RESOURCES FROM GENERATF.D FUNDS Income from Charitable Activities Hall R¢nts and L¢ttings 39,654 36,145 Investment Ineomt Sur lus on revaluation of Investment 37,112 44,180 ro cr Total Incomin Resources RESOURCES EXPENSED Charitable Activities Hall Expenses 74,938 70.955 Governance Costs Total Resources Ex ended NET INCOMING/ RE8OURCES OUTGOING (2,202} 7.108 RECONCILIATION OF FUIYDS Funds brought forward 861722 854 614 TOTAL FUNDS CARRIED FORWARD 859 520 861722
WING HALL TRUST Chari number 212C101 BALANCE SHEET AS AT 30 SEPTEMBER 2024 Note 2024 2023 FIXED ASSETS Assets used for charitable Purposes Investment Assets 209,408 524 806 734,214 216,887 522 630 739,517 CURRENT ASSETS Debtor5 Cash at Bank & In Hand 7,661 123 364 8,036 119433 131,025 127,469 LIABILII"IES Creditors falling due within One year io 719 NET CURRENT ASSETS 125 306 122 205 NET ASSETS 859 520 861722 THE FUNDS OF THE CHARITY Unrestricted Income Fund 859 520 861722 Approved by the Trustees and signed on their behalf Trustee Treasurer
WING HALL TRUST Chari number 212601 OTES TO THE ACCOUNTS ACCOUNTING POLICIES The principal accounting policies adopted in the preparation of the Financial Statements are as follows. (a) The financial statements have been prepared under the HistOTical Cost Convention with itern recognised at cost or tranqaction value unless otherwise stated in the relevant notes to tli¢se a¢counls. The financial staternents have been pr¢pared in accordance with th¢ Statement of Recomm¢nded Practice. Accounting and Reporting by Charities PTcparing thcir account in accordance with the Financiat Reporting Standard applicable in the UK and Republic of Ireld (FRS 102) issued on 16 July 2014 and the Financial Reporting Stimdard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. (b) Intoming Resources All incoming resources are ac¢ount¢d for when the Charity becomes entitled to the fLa5. Where income is received in advance it is deferred until the Charity is erAlitled to the income. (e) Outgoing Resources Expenditure is recognised when a liability is incued. (d) Fixed Assets used for Charitable Purposes Equipment and fixtures are WTitten off in the year of purchase. Wing Hall is used for furthering the objects of the Wing Hall Trust. The PToperty is inalienable and the value is not shown in the accounts. The insured value of the hall is £3,078,753. (2023 - £3,300,734) An extension was addcd to the Hall in 2003 and the cost of £373,946 is being amortised over 50 years. (e) Investments Wing Hall Trust owns a fr¢ehold property. Charlotte Cottage, which is let and the income is used to further the objects of the Trust. In October 2021 a very small part of the property was sold for £8,922 net of ¢xpenses and this was included in the Investment Incomc. In November 2021 Simon Wilkinson FNAEA valued the property at £500,000 and the accounts niTrw show the property at this value. The surplus arising from the revaluation was shown in the Statement of Financial ActLVitics. Scheme. The Charity holds 1223.68 units in the Charities Official Investment Fund These units are shown in the accounts at market value and investment income includes the revaluation surplus or loss arising during the y&2r.
WING HALL TRU,ST Cbari number 212601 NOTES TO THE ACCOUNTS INVESTMENT INCOME Charlotte Cottage Rents Service Charges 2024 2023 55,039 632 55,671 52,408 598 53,006 Less Fuel & Services Insurance Maintenance & Repairs Agents Fees Professional Fees 1,466 859 15.205 4,386 1.295 772 3,936 4,486 Surplus/(Loss} on Re-valuation of Investments Dividends Bank Interest 32,555 45,517 2,176 672 309 667 687 HALL EXPENSES Cleaning and Caretaker Services and Fuel Insurance Maintenance and Repairs Clerks and Treasurer's Fees Depreciation 32,930 6.956 3,336 15,969 8,268 33,582 6,284 2,737 12,137 8,736 GOVERNANCE COSTS Secrctari¢s Fees Accountancy Fees Stationery & Sundry Expenses Legal Fees 597 750 1,106 595 720 947 TRUSTEES EXPENSES No expenses wer¢ paid to Trustees during the year.
WINC. HALL TRUST Chari number 212601 NOTES TO THE ACCOUNTS ASSETS USED FOR CHARITABLE PURPOSES Extension to Wing Hall Cost 2024 2023 373 946 373 946 Depreciation b/fwd Provision for the year Depreciation c/fwd 157,059 149,580 164 538 157 059 Net Book Value c/fwd 209 408 216 887 INVESTMENT ASSETS Freehold Pro er Investments TOTAL Gross Book value 1.10.2020 Surplusl(l.oss) on re-valuation Gross Book Value 30.9.2021 500,000 22,630 522,630 500 000 524 806 DEBTORS 2024 2023 Rents and Letting Incomc du¢ CASH AT BANKAND IN HAND Bank Deposit Account Current Account Cash in Hand 114,851 8,344 169 123 364 110,941 8,426 66 119433 io. CREDITORS Amouiils falling due within one year Lettings paid in Advance Creditors & Accruals 4.818 4,294 970 Total WinB H] TrustJO.9.2024
Chari Number 212601 ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 WING HALL TRUST Chari Number 212601 RA & DA Thompson 30 High Street Leighton Buzzard Beds LU7 IEA
WING HALL TRUST - Ch#ri Number: 212601 Accounts for the endent Examiner's Re Inde egr ended 30 Se tcmber 2024 ort to the Trustees of Win Hall Trust I report to the Trustees on my examination of the accounts of Wing Hall Trnst for the year ended 30 September 2024 which are set out on pages 2 to 6. Respective responsibilities and examiner The Charity's Trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. The Charity's Trustees consider that an audit it not required for this year (under Section 144(2) of ihe Charities Act 2011 (the 2011 Act) and that an independent examination is n¢¢ded. It is my responsibility to: Examine the accounts (Under S145 of the 201 l Act). To follow the procedures laid down in the General Directions given by the Charity Commissioners (under S145(5}6 of the Act} and. State whether particular matters have come io my attention. Basis of independent examiner's report My examination was Carried out in accordance with the General Direclions given by the Charity Cotnmissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the aceounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would b¢ required in an audit, and consequently I do not ¢xpress an audit opinion on the view given by the accounts. Independent examiner's statement In connection with my examination, no matter has come to my altention; (l ) which gives me reasonable cause to believe that in any material respect the requirements- To keep accounting records in accordance with Sl 30 of the 201 l Act. and To prepare accounts which accord with the accounting records and comply with the accounting requirement of the 2011 Act have not been m¢t or. (2) to which, in my opinion, allention should be drawn in order to enable a prop¢r unde ding of the accounts to bc reached. DA Thompson Chartered Accountant 30 High Street Leighton Buz£ard Beds LU7 IEA LlliilLY
WING HALL TRU,ST Chari number 212601 STATEMENT OF FINANCIAL ACTJVITIF.S FOR THF. YEAR ENDEI) 30 SEPTEI MBER 2024 Notes 2024 2023 INCOMING RESOURCES FROM GENERATF.D FUNDS Income from Charitable Activities Hall R¢nts and L¢ttings 39,654 36,145 Investment Ineomt Sur lus on revaluation of Investment 37,112 44,180 ro cr Total Incomin Resources RESOURCES EXPENSED Charitable Activities Hall Expenses 74,938 70.955 Governance Costs Total Resources Ex ended NET INCOMING/ RE8OURCES OUTGOING (2,202} 7.108 RECONCILIATION OF FUIYDS Funds brought forward 861722 854 614 TOTAL FUNDS CARRIED FORWARD 859 520 861722
WING HALL TRUST Chari number 212C101 BALANCE SHEET AS AT 30 SEPTEMBER 2024 Note 2024 2023 FIXED ASSETS Assets used for charitable Purposes Investment Assets 209,408 524 806 734,214 216,887 522 630 739,517 CURRENT ASSETS Debtor5 Cash at Bank & In Hand 7,661 123 364 8,036 119433 131,025 127,469 LIABILII"IES Creditors falling due within One year io 719 NET CURRENT ASSETS 125 306 122 205 NET ASSETS 859 520 861722 THE FUNDS OF THE CHARITY Unrestricted Income Fund 859 520 861722 Approved by the Trustees and signed on their behalf Trustee Treasurer
WING HALL TRUST Chari number 212601 OTES TO THE ACCOUNTS ACCOUNTING POLICIES The principal accounting policies adopted in the preparation of the Financial Statements are as follows. (a) The financial statements have been prepared under the HistOTical Cost Convention with itern recognised at cost or tranqaction value unless otherwise stated in the relevant notes to tli¢se a¢counls. The financial staternents have been pr¢pared in accordance with th¢ Statement of Recomm¢nded Practice. Accounting and Reporting by Charities PTcparing thcir account in accordance with the Financiat Reporting Standard applicable in the UK and Republic of Ireld (FRS 102) issued on 16 July 2014 and the Financial Reporting Stimdard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. (b) Intoming Resources All incoming resources are ac¢ount¢d for when the Charity becomes entitled to the fLa5. Where income is received in advance it is deferred until the Charity is erAlitled to the income. (e) Outgoing Resources Expenditure is recognised when a liability is incued. (d) Fixed Assets used for Charitable Purposes Equipment and fixtures are WTitten off in the year of purchase. Wing Hall is used for furthering the objects of the Wing Hall Trust. The PToperty is inalienable and the value is not shown in the accounts. The insured value of the hall is £3,078,753. (2023 - £3,300,734) An extension was addcd to the Hall in 2003 and the cost of £373,946 is being amortised over 50 years. (e) Investments Wing Hall Trust owns a fr¢ehold property. Charlotte Cottage, which is let and the income is used to further the objects of the Trust. In October 2021 a very small part of the property was sold for £8,922 net of ¢xpenses and this was included in the Investment Incomc. In November 2021 Simon Wilkinson FNAEA valued the property at £500,000 and the accounts niTrw show the property at this value. The surplus arising from the revaluation was shown in the Statement of Financial ActLVitics. Scheme. The Charity holds 1223.68 units in the Charities Official Investment Fund These units are shown in the accounts at market value and investment income includes the revaluation surplus or loss arising during the y&2r.
WING HALL TRU,ST Cbari number 212601 NOTES TO THE ACCOUNTS INVESTMENT INCOME Charlotte Cottage Rents Service Charges 2024 2023 55,039 632 55,671 52,408 598 53,006 Less Fuel & Services Insurance Maintenance & Repairs Agents Fees Professional Fees 1,466 859 15.205 4,386 1.295 772 3,936 4,486 Surplus/(Loss} on Re-valuation of Investments Dividends Bank Interest 32,555 45,517 2,176 672 309 667 687 HALL EXPENSES Cleaning and Caretaker Services and Fuel Insurance Maintenance and Repairs Clerks and Treasurer's Fees Depreciation 32,930 6.956 3,336 15,969 8,268 33,582 6,284 2,737 12,137 8,736 GOVERNANCE COSTS Secrctari¢s Fees Accountancy Fees Stationery & Sundry Expenses Legal Fees 597 750 1,106 595 720 947 TRUSTEES EXPENSES No expenses wer¢ paid to Trustees during the year.
WINC. HALL TRUST Chari number 212601 NOTES TO THE ACCOUNTS ASSETS USED FOR CHARITABLE PURPOSES Extension to Wing Hall Cost 2024 2023 373 946 373 946 Depreciation b/fwd Provision for the year Depreciation c/fwd 157,059 149,580 164 538 157 059 Net Book Value c/fwd 209 408 216 887 INVESTMENT ASSETS Freehold Pro er Investments TOTAL Gross Book value 1.10.2020 Surplusl(l.oss) on re-valuation Gross Book Value 30.9.2021 500,000 22,630 522,630 500 000 524 806 DEBTORS 2024 2023 Rents and Letting Incomc du¢ CASH AT BANKAND IN HAND Bank Deposit Account Current Account Cash in Hand 114,851 8,344 169 123 364 110,941 8,426 66 119433 io. CREDITORS Amouiils falling due within one year Lettings paid in Advance Creditors & Accruals 4.818 4,294 970 Total WinB H] TrustJO.9.2024