Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
Stokesley Town Hall Trust
Registered Charity Number 225265
Annual Report And Financial Accounts For the year ended 31 March 2024
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
Contents
- Administrative Information ....................................................................................... 3 a. Registered Office .................................................................................................... 3 b. Registration with Charity Commission................................................................... 3 c. Names of Trustees in Year Ended 31 March 2024 ................................................. 3 d. Names of Trustees on the Date of Approval of Annual Report ............................. 3 e. Name of Bankers .................................................................................................... 3 2. Structure, Governance and Management ................................................................. 4 a. Nature of Governing Document ............................................................................. 4 b. Recruitment, Appointment and Training of New Trustees ................................... 4 c. Dates of Meetings .................................................................................................. 4 3. Objectives and Activities ............................................................................................ 4 4. Achievements and Performance ................................................................................ 6 5. Public Benefit Statement ........................................................................................... 8 6. Risk Management Statement .................................................................................... 8 7. Financial Review ......................................................................................................... 8 a. Review of Year 2023/24 ......................................................................................... 8 b. Reserves Policy ....................................................................................................... 9 8. Plans for Future Periods ........................................................................................... 10 9. Statement of Trustees’ Responsibilities .................................................................. 11 10. Independent Examiner's Report to the Trustees ................................................... 12 a. Respective Responsibilities of Trustees and Independent Examiner .................. 12 b. Independent Examiner's Statement .................................................................... 12 11. Statement of Financial Activities for the year ended 31 March 2024 ................... 13 12. Statement of Financial Position for the year ended 31 March 2024 .................... 14 Notes to the Financial Statements Year Ended 31 March 2024 .................................. 15 1. General information ............................................................................................. 15 2. Statement of compliance ..................................................................................... 15 3. Accounting policies .............................................................................................. 15 4. Activities for Generating Funds............................................................................ 17 5. Investment Income .............................................................................................. 17 6. Other Income ....................................................................................................... 17 7. Expenditure on Charitable Activities by Fund Type ............................................. 17 8. Expenditure on Charitable Activities by Activity Type ......................................... 18 9. Net Income / (Expenditure) ................................................................................. 18 10. Independent Examination Fees ......................................................................... 18 11. Staff Costs .......................................................................................................... 18 12. Trustee Remuneration and Expenses ................................................................ 18 13. Tangible Fixed Assets ......................................................................................... 18 14. Debtors ............................................................................................................... 19 15. Creditors: Amounts Falling Due Within One Year ............................................. 19 16. Analysis of Charitable Funds .............................................................................. 19 17. Analysis of Net Assets Between Funds .............................................................. 19 18. Management Information ................................................................................. 20
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
1. Administrative Information
a. Registered Office
The registered office of the Stokesley Town Hall Trust is the Town Hall, Stokesley, North Yorkshire, TS9 5DG
b. Registration with Charity Commission
The Stokesley Town Hall Trust is registered with the Charity Commission as number 225265.
c. Names of Trustees in Year Ended 31 March 2024
Members of the Managing Committee during the above year were:
| Name | Period of Service | Position | Notes |
|---|---|---|---|
| AndyWake | Full Year | Chairman from 9 May2023 | Elected |
| Graham Sowerby | Full Year | Chairman to 9 May 2013, Vice Chairman from 9 May2023 |
Elected |
| Julie McLuckie | Full Year | Secretary /Treasurer | Ex Officio |
| SallyAtkinson | Full Year | Co-opted | |
| Mike Canavan | Full Year | Elected | |
| Sean Carey | Full Year | Co-opted | |
| David Cook | Full Year | Elected | |
| Bryn Griffiths | Full Year | Elected | |
| Chris Johnson | Full Year | Elected | |
| Martin Luxton | Full Year | Co-opted | |
| David Oxley | Full Year | Elected | |
| AudreyScott | to 22 February2024 | Co-opted |
d. Names of Trustees on the Date of Approval of Annual Report
Members of the Managing Committee on the date of approval of the Annual Report were:
| were: | ||
|---|---|---|
| Name | Position | Notes |
| AndyWake | Chairman | Elected |
| Graham Sowerby | Vice Chairman | Elected |
| Julie McLuckie | Secretary /Treasurer | Ex Officio |
| SallyAtkinson | Co-opted | |
| Mike Canavan | Elected | |
| Claire Craster | Co-opted | |
| Sean Carey | Co-opted | |
| David Cook | Elected | |
| Bryn Griffiths | Elected | |
| Chris Johnson | Elected | |
| David Oxley | Elected |
e. Name of Bankers
Stokesley Town Hall Trust's bankers are HSBC Bank, PO Box 117, 60 Albert Road, Middlesbrough, TS1 1RS
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
2. Structure, Governance and Management
a. Nature of Governing Document
The charity was established by a Deed of Trust dated 19[th] July 1919 to Stokesley Parish Council.
b. Recruitment, Appointment and Training of New Trustees
All members of Stokesley Town Council serve as trustees of the charity as part of their duties as Town Councillors. The Secretary / Treasurer of the charity is also Clerk to Stokesley Town Council.
Trustees serve until the date of the next Town Council election. If a Town Councillor is not re-elected at the time of the next Town Council election or resigns as a Town Councillor, he / she is required to resign as a Trustee of Stokesley Town Hall Trust.
Candidates standing for election to the Town Council, or who have put themselves forward for co-option, are advised that part of their duties, if elected or co-opted, would be to serve as Trustees.
One of the existing Trustees is identified as mentor to any new Trustee and, along with the secretary, provides guidance and a source to whom queries may be addressed. All new Trustees are provided with a copy of relevant Charity Commission documents including: CC3 – Essential Trustee: What You Need To Know CC15b – Charity Reporting and Accounting: The Essentials Copies of other important documents are also available from the secretary on request and are provided to all Trustees prior to discussions / decisions on specific topics.
c. Dates of Meetings
Meetings are routinely held on the first Thursday of each alternate calendar month and are open to the members of the public. Exceptionally additional meetings may be held between the usual bi-monthly meetings if there is urgent business to transact.
The annual meeting of the Trust is held in June each year.
3. Objectives and Activities
The indenture of 19[th] July 1919 leaving the Town Hall in trust to the then Parish Council states that it should ‘be used for the benefit and advantage of the inhabitants of the Township of Stokesley’.
The indenture further states ‘The Parish Council shall hold the said premises for such purposes in such manner and under such rules and regulations as they in their discretion shall from time to time consider to be for the benefit and advantage of the
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
Township and inhabitants of Stokesley aforesaid including the formation and carrying on of an Institute or place of recreation and social intercourse for the benefit or advantage of the inhabitants of the Township of Stokesley either gratuitously or in consideration of any money payment or on such terms as the Parish Council may think fit. it.
‘The management and control of the property and affairs of the said premises shall be vested in the Parish Council with full power and authority at their discretion at any time to appoint or make provision for the appointment of any persons (including all or any of the Parish Council) as Committee Men or otherwise for the purpose of the administration of the trust aforesaid in such manner and subject to such rules and regulations as the Parish Council may prescribe.
‘For the purpose of providing additional funds for maintaining the property and of defraying any expenses incidental to the purposes hereof (including the provision of furniture pictures books periodicals games musical instruments and the like) the Parish Council may require such subscriptions (if any) from all or any persons using the premises as they shall from time to time think necessary and proper and may let the said premises for entertainments lectures and like purposes not being inconsistent with the objects and purposes of these presents.’ e objects and purposes of these presents.’
The objectives of Stokesley Town Hall Trust remain wholly consistent with the statements made in the 1919 indenture to provide a wide range of community activities particularly promoting charitable activities. These activities include the provision of the Town Hall as a permanent community facility.
The Town Hall is available for hire by individuals or organisations in accordance with a standard hiring agreement and scales of charges adopted for the year. A lower rate of charging applies to local hirers of the facilities and is consistent with the condition in the indenture that the Town Hall shall be ‘for the benefit and advantage of the Township and inhabitants of Stokesley’. A higher set of charges applies for commercial and trade hiring of the facilities. This assists in minimising any shortfall in income to meet all expenditure incurred.
Whilst it is intended that the overall scale of the charges should be sufficient to generate enough income to cover all costs, this objective has not been achieved in many of the recent financial years. Any shortfall in income compared with expenditure is made good by the transfer of funds from Stokesley Manorial Lands Trust (Registered Charity No: 1023299). Stokesley Manorial Lands Trust shares a common set of Trustees with Stokesley Town Hall Trust.
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
4. Achievements and Performance
The efforts of the Trustees are supported by two groups of volunteers in the successful operation of the Town Hall. These are the Town Hall Management Advisory Committee (THMAC) and the Friends of the Town Hall (FoTH).
The THMAC offers advice to the Trustees about the management, running and maintenance of the Town Hall. THMAC may raise funds and invite and receive contributions for the benefit of the Town Hall, but does not undertake any substantial permanent trading activity.
The THMAC consists of up to four elected members, up to nine appointed members, with each such member representing one of the organisations regularly using the Town Hall, and up to two co-opted members. The officials are elected at the Annual General Meeting held during June each year. No member of the THMAC receives any remuneration or is interested (otherwise than as a member) in any contract entered into by Stokesley Town Hall Trust.
The THMAC is timetabled to meet formally four times per year and provides minutes of such meetings to the next meeting of the Town Hall Trustees and the chairman presents a report of the preceding year to each THMAC Annual General Meeting and provides a copy of the same report to the Town Hall Trustees.
The Town Hall Committee (THC), with formal Terms of Reference, integrates the activities of the Trustees and the THMAC. The THC consists of a minimum of three members from the Trustees and three non-trustee members from the THMAC. The quorum of the committee is three members from the Trustees and two members of the THMAC. The Chairman of the Town Hall Trust is an ex-officio member of this Committee but does not have voting rights.
The THC produces, reviews and amends the Town Hall Forward Maintenance / Improvement Programme and considers all new proposed items of expenditure. The THC has delegated powers to approve items of expenditure up to the cost of £2,000 that are included in the agreed Town Hall Maintenance / Improvement Programme approved by the Trustees. Any items of expenditure of greater value are subject to approval by the Trustees.
The FoTH is a less formal group of volunteers. These volunteers also support the Town Hall by raising money for improvements from activities such as coffee mornings and quiz evenings, helping with tasks to maintain the building, and giving time and advice to help its day to day running. Improvements funded in 2023/24 included the provision of replacement window boxes.
The Trustees wish to record their appreciation of
- the significant ongoing contributions of time, effort and commitment made by members of both the THMAC and the FoTH to the successful running of the Town Hall.
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
-
the ongoing efforts of the Town Hall Stewards for their flexible working, their attitude which benefits the presentation of the Town Hall to the public and for their commitment to maintain the high decorative standard of all the rooms in the Town Hall.
-
the efforts of the secretary and her deputy to secure the success of the craft fairs and entertainment club events.
-
the members of the Flower Club for the provision of floral displays in the Town Hall during the year.
The forward plan for maintenance and improvements to the Town Hall over the next few years is regularly updated. This identifies the outline future funding requirements and prioritises those items which are necessary to safeguard the building’s structure, to meet health and safety requirements, and to improve the Town Hall.
Stokesley Town Hall Trust offers four rooms for hire to suit most needs. On the upper floor is the Main Hall with a maximum capacity of 100 people. Attached to the Main Hall is the Carter Room with a maximum capacity of 28 people which incorporates a bar and mini kitchen. On the ground floor is the Jack Brunton Room and associated kitchen with a capacity of 75 people and finally the smallest room, the Stokesley Room, with a capacity of up to 28 people.
Specific room hire depends on the number of people attending each function and room availability. Several local societies meet in the different rooms of the Town Hall including Leven Arts, the Stokesley Society, the Women’s Institute, Stokesley Pride In Our Town Association, Stokesley Engineers, the Photography Club, Probus and several activity groups from the U3A. Additionally rooms were hired for birthday parties (for a wide range of ages) and other family functions, including funeral teas, and by the District and County Councils. The Town Hall also hosts wine tasting evenings and evening entertainment and acts as a base for outdoor sporting events and as a polling station for local elections.
The Main Hall is normally used for a wide variety of activities by local groups. These include grand functions, jazz and other musical evenings, theatrical events, lectures, art classes and exhibitions, flower club, chair aerobics and the local branch of Slimming World. An occasional series of quiz evenings for the financial benefit of the Trust is held through the year.
The Jack Brunton Room is used for the weekly charity coffee mornings, Community Care lunches (served from the associated kitchen), bingo evenings and Stokesley Christian Fellowship meetings, yoga classes, two art classes, and ukulele classes.
The smaller Stokesley Room is used as a meeting room for local organisations and committees, including Town Council meetings, and for education and training sessions.
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
Thanks are also due to the volunteers who run the bar in the Carter Room on Entertainment Club evenings.
Several of the groups who regularly use the Town Hall cite the benefits of the rooms being set up ready for their use and having a Steward on hand during meetings.
Commercial enterprises hire one or more rooms for events such as valuation days, comedy evenings, wedding fairs, fashion sales and bed sales. The Trustees wish to thank the Secretary and her assistant for their efforts in ensuring the continued success of the second monthly craft fair on the day of the Northern Makers Market. These two monthly Town Hall Craft Fairs and the Big Mouth Comedy Club are important sources of income to the Trust.
The trustees consider that the above uses meet the requirements laid out in the 1919 deed of gift that the Town Hall shall be used ‘for the benefit and advantage of the Township and inhabitants of Stokesley … including the formation and carrying on of an Institute or place of recreation and social intercourse for the benefit or advantage of the inhabitants of the Township of Stokesley’.
5. Public Benefit Statement
The Trustees are confident they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in the exercising of their powers and duties.
6. Risk Management Statement
The Trustees consider that they have the right skills and experience to understand financial information, identify and manage risks. On an ongoing basis, the bi-monthly trustee meetings keep track of income and spending against the budget.
Strategically the main foci are the protection and development of the income stream from the hiring of rooms in the Town Hall, the control of day-to day costs of running the Town Hall and the establishment of a longer-term expenditure plan covering capital projects to maintain the Town Hall. More detail is given in Section 7.
7. Financial Review
a. Review of Year 2023/24
No changes have been made to the room letting rates since the increases averaging 3% in the local charitable rates and approximately 10% in the local non-charitable rates were applied from April 2017.
Income from room lettings and associated revenue in 2023/24 increased with the total number of hours of room bookings exceeding pre-Covid-19 pandemic levels. Including the rent for the Clerk’s office on the ground floor from the Town Council of £6,248, income in 2023/24 totalled £65,225 up from £59,249 in 2022/23 In 2019/20, which was largely unaffected by the Covid-19 pandemic, income was £60,189.
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
Grant funding increased from £1,494 in 2022/23 to £2,727 in 2023/24 with a specific donation of £2,000 from the Jack Brunton Trust towards the cost of the replacement of the central heating boiler and hot water system and the provision of two additional radiators in January 2024, the balance of which was provided by funds from the Stokesley Manorial Lands Trust (this transaction will be included in the 2024/25 accounts). Total income to the Town Hall Trust of £88,205 in 2023/24 increased by 16.5% from £75,734 in 2022/23, and was marginally higher than the pre-Covid 19 figure of £87,222 in 2019/20.
Total expenditure by the Trust increased from £80,026 in 2022/23 to £89,885 in 2023/24, a 12.3% increase. In terms of major items of expenditure, Gross Wages and Salaries, the largest single item, rose by 12.3% from £42,726 in 2022/23 to £48,011 in 2023/24, driven by the 9.7% increase in minimum wage rates, with the cost of Repairs and Renewals rising from £4,964 in 2022/23 to £6,957. The increase in the cost of Light and Heat from £6,886 in 2022/23 to £9,259 was more than offset by Cleaning and Sundry falling from £5,206 in 2022/23 to £1,832 in 2023/24.
With a full programme of events held by the Stokesley Entertainment Club expenditure increased from £10,131 in 2022/23 to £13,126 in 2023/24. This was more than matched by the increase in receipts from £14,991 in 2022/234 to £20,253, with several sell-out events and increased income from the bar. Net income rose £4,860 in 2022/23 to £7,127.
2023/24 was the third consecutive year where no support to the Town Hall Trust from the Stokesley Manorial Lands Trust for day-to-day operation was required. These are the first financial years in detailed records dating back to 1993/94 that no such support has been required.
With expenditure of £528 in 2023/24 there was a decrease in the tangible fixed assets represented by Fixtures and Fittings of (£3,122) in 2023/24, with depreciation increasing from £3,624 in 2022/23 to £3,650 in 2023/24.
b. Reserves Policy
A formal Reserves Policy was adopted by the Trustees on 2 October 2014. This is based on Charity Commission guidance, the requirements of charity law and the Charities Commission Statement of Recommended Practice. A summary of the key elements of the policy is provided below. A full copy of the Reserves Policy is available from the treasurer of the Trust.
The policy recognises that Stokesley Manorial Lands Trust (SMLT) and Stokesley Town Hall Trust (STHT) share both common trustees and a common objective of enabling the Town Hall to remain as a permanent community facility. In recognition that the governing document for the SMLT expressly states the objective to support STHT and that there is no similar statement in the STHT governing document that permits the reverse transfer of funds from STHT to SMLT, the overall policy of the Trustees is to hold the majority of the reserves in the SMLT.
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
Through the medium to longer term the Town Hall is forecast to continue to suffer an ongoing shortfall of income against expenditure. Further investment will be required to refurbish the structure and maintain the internal decoration of the building.
Unrestricted reserves of up to approximately £15,000 are required to provide ongoing support to Stokesley Town Hall Trust for approximately one year to fund the anticipated shortfall in income against ongoing expenditure.
Unrestricted reserves of up to approximately £40,000 are justified for the purpose of refurbishment of the Town Hall external fabric and internal decoration.
The Trustees will manage the balances held in each of the above reserves, as income is accrued from the ongoing commercial activities of Stokesley Manorial Lands Trust and donations are made to the Trusts and expenditure is made, in the context of the three-year forward plans of each of the trusts.
The Trustees will seek to maintain a minimum total reserves balance of approximately £40,000 across the two trusts at all times. The Trustees review this policy at least annually and will decide by resolution at meetings of the trusts on significant changes in the value of reserves held by each trust.
The Trustees consider the level of reserves currently held is necessary in order to meet both the current and future expenditure outlined above.
8. Plans for Future Periods
To assist the Trustees in their legal responsibility to ensure that the Stokesley Town Hall Trust remains solvent the main focus of efforts is to seek to match income and expenditure. Opportunities will continue to be examined to increase income and to secure grant funding for suitable projects whilst the cost base will remain under review.
The programme of enhancements to, and refurbishment of, the internal fabric and fixtures and fittings in recent years means that only limited capital expenditure will be required in the near future to improve the appearance of the Town Hall. However, there will be an ongoing commitment to the maintenance and servicing of existing facilities. One area identified is the further upgrading of the tables.
Opportunities to increase the attractiveness of the Town Hall to potential hirers will continue to be identified with consideration given to their funding in the short to medium term as resources permit. Aspirations identified for further investigation are the provision of solar panels on at least some of the roof area and of some form of air conditioning in the Main Hall. It is recognised such schemes would require careful planning to protect the fabric and external appearance of the Town Hall, a listed
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
building. Significant grant funding will be a pre-requisite for what are likely to be not inexpensive projects.
The longer-term expenditure plan for maintenance and improvements to the Town Hall over subsequent years will continue to be reviewed and further developed. This will be used to identify the future levels of financial support to Stokesley Town Hall Trust from Stokesley Manorial Lands Trust.
9. Statement of Trustees’ Responsibilities
The Trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the financial position of the charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
10. Independent Examiner's Report to the Trustees
The following pages are taken from the Trustees’ Report and Financial Statements document prepared by Mr Graeme Boagey, the Independent Examiner.
I report to the trustees on my examination of the financial statements of Stokesley Town Hall Trust ('the charity') for the year ended 31 March 2024.
a. Respective Responsibilities of Trustees and Independent Examiner
As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
b. Independent Examiner's Statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Graeme Boagey FCA Independent Examiner 384 Linthorpe Road Middlesbrough TS5 6HA Date: 3 October 2024
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
11. Statement of Financial Activities for the year ended 31 March 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Item | Note | Unrestricted Funds |
Restricted Funds |
Total Funds | Total Funds |
| Income and Endowments | |||||
| Activities for Generating Funds |
4 | £88,205 | Nil | £88,205 | £75,734 |
| Other Income | 5,6 | £41 | Nil | £41 | £7 |
| Total Income | £88,246 | Nil | £88,246 | £75,741 | |
| Expenditure | |||||
| Expenditure on Charitable Activities |
7, 8 | (£89,885) | Nil | (£89,885) | (£80,026) |
| Total Expenditure |
(£89,885) | Nil | (£89,885) | (£80,026) | |
| Net Income / (Expenditure) and Net Movement in Funds |
(£1,639) | Nil | (£1,639) | (£4,285) | |
| Reconciliation of Funds | |||||
| Total Funds Brought Forward |
£1,160,715 | Nil | £1,160,715 | £1,165,000 | |
| Total Funds Carried Forward |
£1,159,076 | Nil | £1,159,076 | £1,160,715 |
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
12. Statement of Financial Position for the year ended 31 March 2024
| Item | Note | 2024 | 2023 |
|---|---|---|---|
| Fixed Assets | |||
| Tangible Fixed Assets | 13 | £1,147,109 | £1,150,231 |
| Current Assets | |||
| Debtors | 14 | £3,257 | £3,729 |
| Cash at Bank and in Hand | £10,501 | £8,384 | |
| Total Current Assets | £13,758 | £12,113 | |
| Creditors: Amounts FallingDue Within One Year | 15 | (£1,791) | (£1,629) |
| Net Current Assets | £11,967 | £10,484 | |
| Total Assets Less Current Liabilities | £1,159,076 | £1,160,715 | |
| Net Assets | £1,159,076 | £1,160,715 | |
| Funds of the Charity | |||
| Restricted Funds | Nil | Nil | |
| Unrestricted Funds | £1,159,076 | £1,160,715 | |
| Total Charity Funds | 16 | £1,159,076 | £1,160,715 |
These financial statements were approved by the board of trustees and authorised for issue on 3 October 2024 and are signed on behalf of the board by:
A P Wake
A P Wake
Chairman of the meeting at which the accounts were approved
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
Notes to the Financial Statements Year Ended 31 March 2024
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Town Hall, Stokesley, North Yorkshire, TS9 5DG.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102:
(a) No cash flow statement has been presented for the company.
(b) Disclosures in respect of financial instruments have not been presented.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future projects or commitments.
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All income is included in the statement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
• income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
• income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
• expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
• expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
• other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Depreciation is not provided on the Town Hall property as the Trustees consider that its market value is equal to its net book value.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Plant and Machinery: 6% straight line Fixtures and fittings: 6% straight line
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Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
4. Activities for Generating Funds
| Unrestricted Funds 2024 |
Total Funds 2024 |
Unrestricted Funds 2023 |
Total Funds 2023 |
|
|---|---|---|---|---|
| Donations | ||||
| Lets | £65,255 | £65,255 | £59,249 | £59,249 |
| Donations / Fund Raising (Net of Costs) |
£2,727 | £2,727 | £1,494 | £1,494 |
| Grant from Stokesley Manorial Lands Trust |
Nil | Nil | Nil | Nil |
| Stokesley Entertainment Club Income |
£20,253 | £20,253 | £14,991 | £14,991 |
| Total | £88,205 | £88,205 | £75,734 | £75,734 |
5. Investment Income
| Unrestricted Funds 2024 |
Total Funds 2024 |
Unrestricted Funds 2023 |
Total Funds 2023 |
|
|---|---|---|---|---|
| Bank Interest Receivable |
£41 | £41 | £7 | £7 |
6. Other Income
| Unrestricted Funds 2024 |
Total Funds 2024 |
Unrestricted Funds 2023 |
Total Funds 2023 |
|
|---|---|---|---|---|
| Other Income | Nil | Nil | Nil | Nil |
7. Expenditure on Charitable Activities by Fund Type
| Unrestricted Funds 2024 |
Total Funds 2024 |
Unrestricted Funds 2023 |
Total Funds 2023 |
|
|---|---|---|---|---|
| Direct Costs | £87,091 | £87,091 | £78,419 | £78,419 |
| Support Costs |
£2,794 | £2,794 | £1,607 | £1,607 |
| Total | £89,885 | £89,885 | £80,026 | £80,026 |
Page 17 of 20
Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
8. Expenditure on Charitable Activities by Activity Type
| Activities Undertaken Directly 2024 |
Support Costs 2024 |
Total Funds 2024 |
Total Funds 2024 |
|
|---|---|---|---|---|
| Direct Costs | £87,091 | Nil | £87,091 | £78,419 |
| Governance Costs |
Nil | £2,794 | £2,794 | £1,607 |
| Total | £87,091 | £2,794 | £89,885 | £80,026 |
9. Net Income / (Expenditure)
Net income/(expenditure) is stated after charging/(crediting):
| 9. Net Income / (Expenditure) Net income/(expenditure)is stated after charging/(crediting): |
||
|---|---|---|
| 2024 | 2023 | |
| Depreciation of Tangible Fixed Assets | £3,650 | £3,624 |
10. Independent Examination Fees
| 10. Independent Examination Fees | ||
|---|---|---|
| 2024 | 2023 | |
| Fees payable to the independent examiner for: Independent examination of the financial statements |
£960 | £912 |
11. Staff Costs
The Secretary/Treasurer is paid by Stokesley Town Council. There were 4 staff in the year (2023: 4).
12. Trustee Remuneration and Expenses
No trustees received any emoluments (2023: None).
13. Tangible Fixed Assets
| Freehold Property |
Plant and Machinery |
Fixtures and **Fittings ** |
Total | |
|---|---|---|---|---|
| Cost | ||||
| At 1 April 2023 | £1,116,945 | £36,818 | £54,335 | £1,208,098 |
| Additions | Nil | Nil | £528 | £528 |
| At 31 March 2024 | £1,116,945 | £36,818 | £54,863 | £1,208,626 |
| Depreciation | ||||
| At 1 April 2023 | Nil | £36,818 | £21,049 | £57,867 |
| Charge for the Year | Nil | Nil | £3,650 | £3,650 |
| At 31 March 2024 | Nil | £36,818 | £24,699 | £61,517 |
| Carrying Amount | ||||
| At 31 March 2024 | £1,116,945 | Nil | £30,164 | £1,147,109 |
| At 31 March 2023 | £1,116,945 | Nil | £33,286 | £1,150,231 |
Page 18 of 20
Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
14. Debtors
| 2024 | 2023 | |
|---|---|---|
| Prepayments and Accrued Income | £3,257 | £3,639 |
| Other Debtors | Nil | £90 |
| Total | £3,257 | £3,729 |
15. Creditors: Amounts Falling Due Within One Year
| 2024 | 2023 | |
|---|---|---|
| Accruals and Deferred Income | £1,791 | £1,629 |
| Total | £1,791 | £1,629 |
16. Analysis of Charitable Funds
Unrestricted Funds
| At 1 April 2023 | Income | Expenditure | At 31 March 2024 | |
|---|---|---|---|---|
| General Purpose Fund |
£10,484 | £87,718 | (£86,235) | £11,967 |
| Designated Fund (Tangible Assets) |
£1,150,231 | £528 | (£3,650) | £1,147,109 |
| Total | £1,160,715 | £88,246 | (£89,885) | £1,159,076 |
| At 1 April 2022 | Income | Expenditure | At 31 March 2023 | |
| General Purpose Fund |
£11,145 | £75,741 | (£76,402) | £10,484 |
| Designated Fund (Tangible Assets) |
£1,153,855 | Nil | (£3,624) | £1,150,231 |
| Total | £1,165,000 | £71,603 | (£80,026) | £1,160,715 |
The General Purpose Fund is utilised to further the objectives of Stokesley Town Hall Trust. The Designated Fund is disclosed to show the tangible assets that the charity uses to further its objectives.
17. Analysis of Net Assets Between Funds
| Unrestricted Funds 2024 |
Total Funds 2024 |
Unrestricted Funds 2023 |
Total Funds 2023 |
|
|---|---|---|---|---|
| Tangible Fixed Assets |
£1,147,109 | £1,147,109 | £1,150,231 | £1,150,231 |
| Current Assets | £13,758 | £13,758 | £12,113 | £12,113 |
| Creditors Less Than One Year |
(£1,791) | (£1,791) | (£1,629) | (£1,629) |
| Net Assets | £1,159,076 | £1,159,076 | £1,160,715 | £1,160,715 |
Page 19 of 20
Stokesley Town Hall Trust Annual Report and Financial Accounts for the year ended 31 March 2024
18. Management Information
Detailed Statement of Financial Activities Year Ended 31 March 2024
Income and Endowments
| Item | Year Ending 31 March 2024 |
Year Ending 31 March 2023 |
|---|---|---|
| Activities for Generating Funds | ||
| Lets | £65,225 | £59,249 |
| Donations/Fundraising (Net of Costs) | £2,727 | £1,494 |
| Grant from StokesleyManorial Trust | Nil | Nil |
| StokesleyEntertainment Club Income | £20,253 | £14,991 |
| Sum | £88,205 | £75,734 |
| Investment Income | ||
| Bank Interest Receivable | £41 | £7 |
| Other Income | ||
| Other Income | Nil | Nil |
| Total Income | £88,246 | £75,741 |
Expenditure
| Expenditure | ||
|---|---|---|
| Item | Year Ending 31 March 2024 |
Year Ending 31 March 2023 |
| Expenditure on Charitable Activities | ||
| Wages and Salaries | (£48,011) | (£42,736) |
| Water | (£834) | (£589) |
| Light and Heat | (£9,259) | (£6,886) |
| Repairs and Renewals | (£6,957) | (£4,964) |
| Insurance | (£3,163) | (£4,233) |
| Printingand Stationery | (£571) | (£106) |
| Licences | (£845) | (£375) |
| Cleaningand SundryExpenses | (£1,832) | (£5,206) |
| StokesleyEntertainment Club | (£13,126) | (£10,131) |
| AccountancyFees | (£1,008) | (£954) |
| Depreciation | (£3,650) | (£3,624) |
| Other interest payable and similar charges |
(£175) | (£172) |
| Donations | (£195) | Nil |
| Advertising | (£259) | (£50) |
| Total Expenditure | (£89,885) | (£80,026) |
| Net Income/ (Expenditure) | (£1,639) | (£4,285) |
Page 20 of 20
CHARITY REGISTrATION NUMBER: 225265 Stokesley Town Hall Trust Unaudited Financial Statements 31 March 2024
Stokesley Town Hall Trusl Financial Statements Year ended 31 March 2024 Page Trustees, annual report Independent examiners report to the Irustees Statement of financial activities Stalement of financial position Noles to the financial statements The followlng pages do not form part of Ihe flnanclal slalements Detailed statement of financial activities 12 Notes to the d8lailed statement of financial aclivilies 13
Stokesley Town Hall Trust Trustees. Annual Report Year ended 31 March 2024 The trustees present their report and the unaudited financlal statements ol the charity lor the year ended 31 March 2024. Referencè and admlnlstratlve d•tsll$ Regl¥tgred Charlty name Slokesley Town Hall Trust Charlly regl8tr•llon numbor 225265 Prlnclpil offlce The Town Hall Stokesltry North Yorkshire TS9 5DG Th• Iru•tMs S Aikinson hl Ganavan S P Caray D Cook 8 Grillllhs C Johnson M Luxlon O Oxley A Scott G Sowerby A Wake IR88igned 4 Awll 20241 (Resyned 22 February 20241 Comp•ny wrotary J McLuckie Indepondenl oxamlnor Graeme Boagey, FCA ChIhaSe Manner5 384 Linih¢rp6 Road Middlesbrough TS5 6HA Structuroi govoinan¢o and management The Managing Committee members are typically appointed on a 4 y•ady basis, bul is dependent on the dale ol the Town Council el&ciions. These members are also members ol Slokesley Town Council. Committee meeiings are held on the Ilrst Thursday ol allemalg monlh5. The Gharily was established by Deod ol Trust dated July 1919 by Slokesley Parish Council Irenamed Siokesley Town Council on 1 April 20171 and became a regisl8rgd charity on 25 September 1963 with the Gharily Commission No-. 225265. Oblectlvgs and •ctiviti•¥ The charity is eslablishod lo administer the activities lor Stokeslgy Town Hall which was bequeathed lo Siokesl8y Town Council in 1919. The objective is to provide a wide range ol communlty activities particularly promollng charltable act5viligs.
Stokesley Town Hall Trust Trustees. Annual Report (conlinued) Year ended 31 March 2024 Oblectlves and actlvltles (ContInrd) The Town Hall is avallable to hSre by any individual or organisalion in ac¢ordance wth a standard hiring agreem8nt and a scale ol charges adopted lor the year. 11 is intended that th¢ scale ol the charges should bo sullicient 10 generate enough income lo meet all the expenditure incurred. any shortfall is made up by the Iransler of funds from the Stokesley Manorial Lands Trust. Registered Charity No: 1023299. Th8 charity is organised as an indendent associallon ol local residents who are appolnted Irom Sioke51ey Town Council exeèpt lor the Secretaryreasurer who is also Clerk lo Stokesley Tow Council. The activities include the provision ol the Town Hall as a permanent ¢ommunlly facility and such olh•r a¢iivili¢s as may Pfove necessary. A¢hlevement$ and performance The expendlture excèeded the l&lling and olhei Income in the year, however Siokesley Town Hall Trust has sufficient r¢sèrves lo conlinue as a golng concern. No linanclal support was r8cdved durlng the year ended 31 March 2024 from Slokesley Manorial Lands Trust. Flnanclal revlow The aiiached financial statements show the current sta18 01 thè finances which the commlttee consider lo be sound. The Govid-19 pandemlc allgolgd Town Hall letling Income and entertainment aclivlilos incomo. Following thè ènding ol the Covid-19 restriction8 income levels star19d lo recover and in the year end 2024 8xceeded to pre Covid-19 levels. The Iruslees, annual reporl wa5 approved on board ol Iwslees by.. and signed on behalf ot the A Wake Trustee
Stokesley Town Hall Trust Independent Examiner's Report to the Trustees ot Stokesley Town Hall Trust Year ended 31 March 2024 I report to the Iruslees on my examinatSon of the financial slalem8nls ol Siokesley Town Hall Trust I'lhe charily'l lor the year ended 31 Mar¢h 2024. Responslbilities and basis ol report As the trustees ol the charity you are responsible lor the preparafjon ol the financial slalemenls in accordance with the requirements ol the Charities Act 2011 I'lhe Acl'l. I report In respect ol my examination ol the charity's financial statem6nls carrled out under secllon 145 ol the 2011 Act and in carrying out my examination I have followed all the applicable DiT8Ctions given by the Charhy Commlssion under section 14515llbl ol Ihe Act. Independent examln8r'$ $tat8ment I have completed my examination. I conflrm that no malerlal rnatters have come io my attention in conn9ctson with th¢ examination glvlng me cause lo believe that in any malerlal respect: accounllng records were not kept in respect of Ihg ¢harily as required by section 130 01 the Act.. or the flnanclal gtatements do nol accord vlth those reGord¥,' or the financial statements do not compty with thè 8pplicabl8 requlremenls concerning Ihg lorm and conlenl ol accounls sgt out Sn Ihe Chariliés (Accounis and R8POrtsl R9gulalions 2008 olhgr than any requirement that the accounts give a 'lrue and lalrf view which is noi a matter considered as part ot an independent examination. I have no Concern5 and have come across no other matters In conngction wllh the examination lo whlch attentlon should be drawn in ihis report In ord9r lo gnable a proper understanding ol the accounts lo be reached. Graeme Boagey, FCA Independgnl Examinér Chipchase Manner$ 384 Linlhorpe Road iddlesbrough TS5 6HA
Stokesley Town Hall Trust Slatement of Flnancial Actlvlties Year ended 31 March 2024 2024 Unrestricted funds Totftl funds Total fvnds 2023 Noto Income ond endowments Activities lor generating lund5 Inveslm8nl income 88.205 41 88.205 41 75,734 Totsl In¢omè 88,246 88,246 75,741 Exp8ndlture Expenditure on charitable activities Totftl expendlturo 189,8851 189,8851 189.8851 189,8851 180,0261 180,0261 Net expendlture and net movement In tundj 11,6391 11,6391 14,2851 Recanclllatlon ol funds Total funds brougttl forward Totsl funds carrled lorward 1,160,715 1,160,715 1,165,000 1,160,715 1,159,076 1,159,076 The slalemenl ol 1Snanclal aclivilies InclLKlos all gains and losses r8cognSsed in the yèar. All Income and expenditure dgrive from continuing aclivilie8. Thè notes on pag•$ 6 10 10 lorni p•rl of Ihose linaneial slat•m•nt&
Stokesley Town Hall Trust Slatement of Flnanclal Posltlon 31 March 2024 2024 2023 Flxed assgt8 Tangible Iixgd assets 12 1.147.109 1,150,231 Currwt assgts Oeblors Cash al bank and In hand 13 3,257 10,501 3,729 8,384 13,758 12.113 Credltors: amounts falllng due wlthln on• year Net current 88S8tS 14 11,7911 11,967 11.6291 10,484 Total assets less curr•nt Il•bllltl•• 1,159,076 1.160,715 Net o¥¥ei* 1.159.076 1,160,715 Funds of Ihg charlty Unrgslriclgd funds 1.159.076 1,160,715 Total charlty lund• 15 1,159,076 1.160.715 These Ilnanclal statements were approved by the board ol trustees and authorfsed lor issue on , and arg 51gngd on bghall ol Ihe b¢)ard by: A Wako Trusteg Tho now on pag•$ 6 to 10 fonn part ol the flnanclal sto19Thnts.
Stokesley Town Hall Trusl Notes to the Flnanclal Stalements Year ended 31 March 2024 General Informatlon The charity is a public benefit entlty and a registered charity in England and Wales and Is unlncorporated. The address ol the principal office is The Town Hall, Siokesl8y, North Yorkshire, TS9 5DG. Statement ol compllance These financial statèments havè been prepared in compliance with FRS 102. 'The FInala1 Reporting Standard applicable in the UK and the Republic ol Ireland.. thè Statement of Recommended Pracli¢e applicable lo charllles pieparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. Ac¢ountlng pollclos B•$l$ of prèpAratlon The linan¢ial statements have been prepared on the hlslorlcal cost basis, a5 modified by the revaluation ol c&rlain linanclal assets and liabilities and inveslmenl prop$rlies measured al lalr value through income or expendilurg. The financial slalemenls are prepared In sterling. which is the funcllonal currency ol Ihg entity, Golng con¢om There are no material uncertalnlles about the charity'8 abillly lo continue. Dlgclogure exemptlons The enlily salislies the criloria gt belng a qualilylng enllly as defined In FRS 102. As such, advantage has been lak8n of the following disclosure exemptions available undor paragraph 1.12 of FRS 102.. lal No cash flow 61alemenl has been pres9nlgd lor the company. Ibl Disclosures in respect ol financial instruments have ng1 beon pr958ntèd. Judgements and kgy sources ol alMatIon uncèrtalnty The preparation ol Ihg financial statemènts requires management lo make judgements, estimat85 and assumplions that affect the amounts rèported. These eslimales and judgements are continually reviewed and are based on experience and other laclors, including exPectatn 01 lulure events that are believed to b8 reasonable under the circumstances. Fund accountlng Unrestricted funds are available lor use at the discretion ol the tru$l88S to further any ol the harity's purposes. Designated lund5 are unreslricled funds earmarked by the trustees lor particular future project or commitment. Fleslricled funds are subjected lo restrictions on their expenditUTe declared by the donor or through the terms ol an appeal, and fall into one ol 40 sub-classès.. restTlcted income funds or endowment funds.
Slokesley Town Hall Trust Notes to the Flnancial Statements (eontlntAd) Year ended 31 March 2024 Accountlng pollcles (contimKd) Incomlng resources All income is included in the slalement ol financial aclivl(ies when enlillemenl has passed lo the charity, ff is probable that the econofflic benefits associated with the Iransaclicn will flow lo the charity and the amount can b8 rellabty measured. The following specific policies are applied lo particular categories 01 income: income from donations or oranls is recognised when there is evidgnce ol enlillemenl lo the gilt, receipt is probablo and ils amount can be measurèd reliably. incorne from conlracls loi the supply ol servicès Is recognised with the delivery of the contracted servic8. This is classili8d as unre&tTlCted funds unless there is a contractual r¢quiremenl lor it lo spent on a particular wrposg and returned il unspent, in which case il may be regarded as reslricled. Resources oxpgndgd Expendilurg is recogni$gd on an accruals basis as a Ilabilily is Incurred. Expendilurg Includes any VAT which cannot be lully recovered, and Is classrfied under headlngs ol th8 statement ol financial aclivi11gs lo which it relates. expenditure on raising funds includes the costs ol all fundraising aclivltles, events, non- charltable trading acliviligs, and the sale ol donal8d goods. 8xp8ndilure on charltable acllvilles Includes all costs incurred by a charity In undertaklng actlvltles that further ils charitable aims Ic*r the benellt ol ils beneliclarles, including those support costs and costs relating lo the governan¢o ol the charlty app)rtioned lo charilablg activities. olher expendllure inclLKI85 all expendilurg Ihat is neither related lo ralsing lund5 lor the ¢harily nor part ol Its gxpgndilurè on charitable aclivi118s. All costs are allocalod 10 gxpèndlture categories reflecling th9 Use ol th8 resource. Difecl costs attributable to a single activity are allocated directly lo that aclivily. Sharèd costs are apportioned betsygen the activities they conlTibute lo on a reasonablg, jusliliable and consistent basls. Tanglblè •##&t$ Depreciation is not provlded on the Town Hall property a5 thè Trustees consider that rts market value 15 equal 1¢ ils nel book value. Deprnclatlon Deweciation is calculated so as lo write off the cost or valuation ol an asset, less hs residual value, ov8r the useful economic life ol that asset as follows.. Plant and machin9ry Fixtures and fitt¢ngs 6Vo SIrght line o SIrght line
Stokesley Town Hall Trust Notes to the Financlal Statements icontinued) Year ended 31 March 2024 Actlvltle$ for generoting fundg Unrestricted Tolal Funds Unreslricl8d Total Funds Funds 2024 Funds 2023 DonJtlon Lets Donatlonslfund ralslng Inei ol ¢oslsl Slokesley Enlertainrngnl Club income 65.225 2,727 20.253 65,225 2,727 20,253 88,205 59.249 1.494 14,991 59,249 1,494 14,991 88,205 75,734 75,734 Inv••tfflgnt Income Unfeslricted Total Funds Unrestricl8d Total Funds Funds 2024 Funds 2023 Bank intèrèst reeelvablg 41 41 Expendltuf• on ¢h•rltable actlvltles by lund type Unrestricted Tot•1 Fund$ Unreslrlcl&J Total Funds Funds 2024 Funds 2023 Direct costs Support costs 87,091 2,794 89,885 87,091 2.794 78.419 1.607 78,419 1,607 89,885 80.026 80,026 Expendlture on ch•rlt•bl8 actlvltl• by actlvlly type Activili8s undertaken dirocdy Support Totsl fund• 2024 Total lund 2023 Direct costs Governance costs 87,091 87.091 2.794 78,419 1,607 2,794 2,794 87,091 89,885 80.026 Net expendlture Ngt expenditure is slated after chargingllcreditingl.. 2024 2023 Deprecialiofi ol tangible fixed assets 3,650 3.624
Stokesley Town Hall Trust Notes to lh8 Financial Statements {GOttllftu•dl Year ended 31 March 2024 Independent examlnatlon leos 2024 2023 Fees payable lo the independent examiner for: Independent examination ol the financial statements 960 912 10. Staff co8t• The SretaryreasUrel Is paid by Siokesley Town Coun¢il. There were 4 staff in the year12023'. 41. 11. Tru$t¢e romunerAtlon and expenses No Iru51ees rece5ve any 8molumenls12023'. Non81. 12. T•nglbl? flxed #*#ets Freehold property Plant and Fixtures and ma¢hinery liitings Total C08t Ai 1 April 2023 Adaltlons 1.116,945 36,818 54.335 528 1,208,098 528 At 31 March 2024 1,116,945 36.818 54,883 1,208,626 Dgpreclatlon Al 1 Apr512023 Charge lor the year At 31 March 2024 36,818 21,049 3,650 57,867 3,650 61,517 36,818 24.699 C8rryln9 amount At 31 March 2024 1,116,945 30,164 1,147,109 Ai 31 March 2023 1.116.945 33,286 1,150,231 13. D•biorn 2024 21)23 Propaymenls and accrued incorne Other debtors 3.257 3,639 90 3,257 3,729 14. Credltors: amounts talllng duo wlthln ong your 2024 2023 Accruals and deferred income 1,791 1,629
Stokesley Town Hall Trusl Notes to the Financlal Slatemenls feontlnu8d) Year ended 31 March 2024 15. Analy$l$ of charltable funds Unrestrlcted lunds At 1 April 2023 At Income Expenditure 31 March 2024 General Puose Fund DeSnated Fund (Tangible Assets) 10.484 1,150.231 87.718 528 186,2351 11,967 13.6501 1,147,109 189,8851 1,159.076 1.160.715 88,246 At 1 Aprll 2022 At Income Expendlture 31 March 2023 Genèral Purpose Fund Oesignated Fund (Tangible Asselsl 11,145 1,153.855 75.741 176,4021 13,6241 180,0261 1,160,715 10,484 1,150,231 1.165.000 75.741 The General Purpose Fund Is ulili$8d lo further the objectsves ol Slokesl8y Town H1 Trust. The Designated Fund 5$ di$closed lo show the langiblg ass•ls that the charity usas lo further hs obj9cIivo$. 16. An•ly•ls of net a980t• betwMn lundg UnreslrScled Tot•1 Fund$ Funds 2024 Tangiblg fixed assets Curreril assets Cr¢dilors less than 1 year 1.147.109 13.758 11,7911 1,159,076 1,147,109 13,758 11,7911 1,159,076 UnreslriGi8d Total Funds Funds 2023 Tanglble fixed assets Current assets Credilor8188s than 1 year Not 8$80 1,150.231 12,113 11,6291 1,160,715 1,150,231 12.113 11,6291 1,160,715 10
Stokesley Town Hall Trust Management Informatlon Year ended 31 March 2024 The followlnq p•go• do not form port ol th• flnanclal stat•m•nt•. 11
Stokesley Town Hall Trust Delalled Statement of Flnanclal Acllvltles Year ended 31 March 2024 2024 2023 Incomg and gndowments Activities for generting fund Le15 Donailonslfund raising Inel ol ¢oslsl Siokgslgy Enlgrtainment Club Incomè 65,225 2.727 20.253 59,249 1,494 14,991 88,205 75,734 Invo¥tment Incom& Bank interest re¢¢ivabl¢ 41 Totsl Income 88,246 75,741 Exwndltur• Expendlturè on ch•rltAbl8 Actl¥ltle• Waggs and $alari6$ Rates and water Llghl and heal Repalrs and malnlenanc8 Insurance L8gal and professional fee3 Stokesley Enlerlalnment Club Other officè ¢o$t8 Depr&cialion Other interest payable and similar charges Donations Clganlng and sundry èxpensas Lic8neas Prlnilng and slalSonery 148,0111 18341 19,2591 16,9571 13,1631 11,0081 113,1261 12591 13,6501 11751 11951 11,8321 {8451 15711 189,885 142,7361 15891 16,8861 14,9641 14,2331 19541 110,1311 1501 13,6241 11721 15,2061 13751 11061 180,0261 Tot41 oxpndlturo 189.8851 180.0261 Nol 8xp•ndlture 11.6391 14,2851 12
Stokesley Town Hall Trust Notes to the Detalled Statemenl of Financlal Activilies Year ended 31 March 2024 2024 2023 Expenditure on charltable actlvitles Direct cost$ Actlvltles undertaken dlrectty Wages and salaries Rates and water Light and heat Repairs and malntenance Insurance Slokesley Entertainment Club Advertising Depreciation Cl8aning & sundry expgn$¢s 148,0111 18341 19.2591 16.9571 13,1631 113,1261 12591 13,6501 11,8321 187.0911 142,7361 15891 16.8861 14,9641 14,2331 110,1311 1501 13.6241 15,2061 178,4191 Govèrnance costs Accountancy lea8 Bank charges Donations Lkences Printing and stationèry 11,0081 11751 11951 18451 15711 12.7941 19541 1172} 1375) 11061 11,6071 Exp•ndlture on charltable •ctlvltlos 189,8851 (80.0261 13
CHARITY REGISTrATION NUMBER: 225265 Stokesley Town Hall Trust Unaudited Financial Statements 31 March 2024
Stokesley Town Hall Trusl Financial Statements Year ended 31 March 2024 Page Trustees, annual report Independent examiners report to the Irustees Statement of financial activities Stalement of financial position Noles to the financial statements The followlng pages do not form part of Ihe flnanclal slalements Detailed statement of financial activities 12 Notes to the d8lailed statement of financial aclivilies 13
Stokesley Town Hall Trust Trustees. Annual Report Year ended 31 March 2024 The trustees present their report and the unaudited financlal statements ol the charity lor the year ended 31 March 2024. Referencè and admlnlstratlve d•tsll$ Regl¥tgred Charlty name Slokesley Town Hall Trust Charlly regl8tr•llon numbor 225265 Prlnclpil offlce The Town Hall Stokesltry North Yorkshire TS9 5DG Th• Iru•tMs S Aikinson hl Ganavan S P Caray D Cook 8 Grillllhs C Johnson M Luxlon O Oxley A Scott G Sowerby A Wake IR88igned 4 Awll 20241 (Resyned 22 February 20241 Comp•ny wrotary J McLuckie Indepondenl oxamlnor Graeme Boagey, FCA ChIhaSe Manner5 384 Linih¢rp6 Road Middlesbrough TS5 6HA Structuroi govoinan¢o and management The Managing Committee members are typically appointed on a 4 y•ady basis, bul is dependent on the dale ol the Town Council el&ciions. These members are also members ol Slokesley Town Council. Committee meeiings are held on the Ilrst Thursday ol allemalg monlh5. The Gharily was established by Deod ol Trust dated July 1919 by Slokesley Parish Council Irenamed Siokesley Town Council on 1 April 20171 and became a regisl8rgd charity on 25 September 1963 with the Gharily Commission No-. 225265. Oblectlvgs and •ctiviti•¥ The charity is eslablishod lo administer the activities lor Stokeslgy Town Hall which was bequeathed lo Siokesl8y Town Council in 1919. The objective is to provide a wide range ol communlty activities particularly promollng charltable act5viligs.
Stokesley Town Hall Trust Trustees. Annual Report (conlinued) Year ended 31 March 2024 Oblectlves and actlvltles (ContInrd) The Town Hall is avallable to hSre by any individual or organisalion in ac¢ordance wth a standard hiring agreem8nt and a scale ol charges adopted lor the year. 11 is intended that th¢ scale ol the charges should bo sullicient 10 generate enough income lo meet all the expenditure incurred. any shortfall is made up by the Iransler of funds from the Stokesley Manorial Lands Trust. Registered Charity No: 1023299. Th8 charity is organised as an indendent associallon ol local residents who are appolnted Irom Sioke51ey Town Council exeèpt lor the Secretaryreasurer who is also Clerk lo Stokesley Tow Council. The activities include the provision ol the Town Hall as a permanent ¢ommunlly facility and such olh•r a¢iivili¢s as may Pfove necessary. A¢hlevement$ and performance The expendlture excèeded the l&lling and olhei Income in the year, however Siokesley Town Hall Trust has sufficient r¢sèrves lo conlinue as a golng concern. No linanclal support was r8cdved durlng the year ended 31 March 2024 from Slokesley Manorial Lands Trust. Flnanclal revlow The aiiached financial statements show the current sta18 01 thè finances which the commlttee consider lo be sound. The Govid-19 pandemlc allgolgd Town Hall letling Income and entertainment aclivlilos incomo. Following thè ènding ol the Covid-19 restriction8 income levels star19d lo recover and in the year end 2024 8xceeded to pre Covid-19 levels. The Iruslees, annual reporl wa5 approved on board ol Iwslees by.. and signed on behalf ot the A Wake Trustee
Stokesley Town Hall Trust Independent Examiner's Report to the Trustees ot Stokesley Town Hall Trust Year ended 31 March 2024 I report to the Iruslees on my examinatSon of the financial slalem8nls ol Siokesley Town Hall Trust I'lhe charily'l lor the year ended 31 Mar¢h 2024. Responslbilities and basis ol report As the trustees ol the charity you are responsible lor the preparafjon ol the financial slalemenls in accordance with the requirements ol the Charities Act 2011 I'lhe Acl'l. I report In respect ol my examination ol the charity's financial statem6nls carrled out under secllon 145 ol the 2011 Act and in carrying out my examination I have followed all the applicable DiT8Ctions given by the Charhy Commlssion under section 14515llbl ol Ihe Act. Independent examln8r'$ $tat8ment I have completed my examination. I conflrm that no malerlal rnatters have come io my attention in conn9ctson with th¢ examination glvlng me cause lo believe that in any malerlal respect: accounllng records were not kept in respect of Ihg ¢harily as required by section 130 01 the Act.. or the flnanclal gtatements do nol accord vlth those reGord¥,' or the financial statements do not compty with thè 8pplicabl8 requlremenls concerning Ihg lorm and conlenl ol accounls sgt out Sn Ihe Chariliés (Accounis and R8POrtsl R9gulalions 2008 olhgr than any requirement that the accounts give a 'lrue and lalrf view which is noi a matter considered as part ot an independent examination. I have no Concern5 and have come across no other matters In conngction wllh the examination lo whlch attentlon should be drawn in ihis report In ord9r lo gnable a proper understanding ol the accounts lo be reached. Graeme Boagey, FCA Independgnl Examinér Chipchase Manner$ 384 Linlhorpe Road iddlesbrough TS5 6HA
Stokesley Town Hall Trust Slatement of Flnancial Actlvlties Year ended 31 March 2024 2024 Unrestricted funds Totftl funds Total fvnds 2023 Noto Income ond endowments Activities lor generating lund5 Inveslm8nl income 88.205 41 88.205 41 75,734 Totsl In¢omè 88,246 88,246 75,741 Exp8ndlture Expenditure on charitable activities Totftl expendlturo 189,8851 189,8851 189.8851 189,8851 180,0261 180,0261 Net expendlture and net movement In tundj 11,6391 11,6391 14,2851 Recanclllatlon ol funds Total funds brougttl forward Totsl funds carrled lorward 1,160,715 1,160,715 1,165,000 1,160,715 1,159,076 1,159,076 The slalemenl ol 1Snanclal aclivilies InclLKlos all gains and losses r8cognSsed in the yèar. All Income and expenditure dgrive from continuing aclivilie8. Thè notes on pag•$ 6 10 10 lorni p•rl of Ihose linaneial slat•m•nt&
Stokesley Town Hall Trust Slatement of Flnanclal Posltlon 31 March 2024 2024 2023 Flxed assgt8 Tangible Iixgd assets 12 1.147.109 1,150,231 Currwt assgts Oeblors Cash al bank and In hand 13 3,257 10,501 3,729 8,384 13,758 12.113 Credltors: amounts falllng due wlthln on• year Net current 88S8tS 14 11,7911 11,967 11.6291 10,484 Total assets less curr•nt Il•bllltl•• 1,159,076 1.160,715 Net o¥¥ei* 1.159.076 1,160,715 Funds of Ihg charlty Unrgslriclgd funds 1.159.076 1,160,715 Total charlty lund• 15 1,159,076 1.160.715 These Ilnanclal statements were approved by the board ol trustees and authorfsed lor issue on , and arg 51gngd on bghall ol Ihe b¢)ard by: A Wako Trusteg Tho now on pag•$ 6 to 10 fonn part ol the flnanclal sto19Thnts.
Stokesley Town Hall Trusl Notes to the Flnanclal Stalements Year ended 31 March 2024 General Informatlon The charity is a public benefit entlty and a registered charity in England and Wales and Is unlncorporated. The address ol the principal office is The Town Hall, Siokesl8y, North Yorkshire, TS9 5DG. Statement ol compllance These financial statèments havè been prepared in compliance with FRS 102. 'The FInala1 Reporting Standard applicable in the UK and the Republic ol Ireland.. thè Statement of Recommended Pracli¢e applicable lo charllles pieparing their accounts in accordance wlth the Financial Reporting Standard applicable in the UK and Republic ol Ireland IFRS 1021 (Charities SORP IFRS 10211 and the Charities Act 2011. Ac¢ountlng pollclos B•$l$ of prèpAratlon The linan¢ial statements have been prepared on the hlslorlcal cost basis, a5 modified by the revaluation ol c&rlain linanclal assets and liabilities and inveslmenl prop$rlies measured al lalr value through income or expendilurg. The financial slalemenls are prepared In sterling. which is the funcllonal currency ol Ihg entity, Golng con¢om There are no material uncertalnlles about the charity'8 abillly lo continue. Dlgclogure exemptlons The enlily salislies the criloria gt belng a qualilylng enllly as defined In FRS 102. As such, advantage has been lak8n of the following disclosure exemptions available undor paragraph 1.12 of FRS 102.. lal No cash flow 61alemenl has been pres9nlgd lor the company. Ibl Disclosures in respect ol financial instruments have ng1 beon pr958ntèd. Judgements and kgy sources ol alMatIon uncèrtalnty The preparation ol Ihg financial statemènts requires management lo make judgements, estimat85 and assumplions that affect the amounts rèported. These eslimales and judgements are continually reviewed and are based on experience and other laclors, including exPectatn 01 lulure events that are believed to b8 reasonable under the circumstances. Fund accountlng Unrestricted funds are available lor use at the discretion ol the tru$l88S to further any ol the harity's purposes. Designated lund5 are unreslricled funds earmarked by the trustees lor particular future project or commitment. Fleslricled funds are subjected lo restrictions on their expenditUTe declared by the donor or through the terms ol an appeal, and fall into one ol 40 sub-classès.. restTlcted income funds or endowment funds.
Slokesley Town Hall Trust Notes to the Flnancial Statements (eontlntAd) Year ended 31 March 2024 Accountlng pollcles (contimKd) Incomlng resources All income is included in the slalement ol financial aclivl(ies when enlillemenl has passed lo the charity, ff is probable that the econofflic benefits associated with the Iransaclicn will flow lo the charity and the amount can b8 rellabty measured. The following specific policies are applied lo particular categories 01 income: income from donations or oranls is recognised when there is evidgnce ol enlillemenl lo the gilt, receipt is probablo and ils amount can be measurèd reliably. incorne from conlracls loi the supply ol servicès Is recognised with the delivery of the contracted servic8. This is classili8d as unre&tTlCted funds unless there is a contractual r¢quiremenl lor it lo spent on a particular wrposg and returned il unspent, in which case il may be regarded as reslricled. Resources oxpgndgd Expendilurg is recogni$gd on an accruals basis as a Ilabilily is Incurred. Expendilurg Includes any VAT which cannot be lully recovered, and Is classrfied under headlngs ol th8 statement ol financial aclivi11gs lo which it relates. expenditure on raising funds includes the costs ol all fundraising aclivltles, events, non- charltable trading acliviligs, and the sale ol donal8d goods. 8xp8ndilure on charltable acllvilles Includes all costs incurred by a charity In undertaklng actlvltles that further ils charitable aims Ic*r the benellt ol ils beneliclarles, including those support costs and costs relating lo the governan¢o ol the charlty app)rtioned lo charilablg activities. olher expendllure inclLKI85 all expendilurg Ihat is neither related lo ralsing lund5 lor the ¢harily nor part ol Its gxpgndilurè on charitable aclivi118s. All costs are allocalod 10 gxpèndlture categories reflecling th9 Use ol th8 resource. Difecl costs attributable to a single activity are allocated directly lo that aclivily. Sharèd costs are apportioned betsygen the activities they conlTibute lo on a reasonablg, jusliliable and consistent basls. Tanglblè •##&t$ Depreciation is not provlded on the Town Hall property a5 thè Trustees consider that rts market value 15 equal 1¢ ils nel book value. Deprnclatlon Deweciation is calculated so as lo write off the cost or valuation ol an asset, less hs residual value, ov8r the useful economic life ol that asset as follows.. Plant and machin9ry Fixtures and fitt¢ngs 6Vo SIrght line o SIrght line
Stokesley Town Hall Trust Notes to the Financlal Statements icontinued) Year ended 31 March 2024 Actlvltle$ for generoting fundg Unrestricted Tolal Funds Unreslricl8d Total Funds Funds 2024 Funds 2023 DonJtlon Lets Donatlonslfund ralslng Inei ol ¢oslsl Slokesley Enlertainrngnl Club income 65.225 2,727 20.253 65,225 2,727 20,253 88,205 59.249 1.494 14,991 59,249 1,494 14,991 88,205 75,734 75,734 Inv••tfflgnt Income Unfeslricted Total Funds Unrestricl8d Total Funds Funds 2024 Funds 2023 Bank intèrèst reeelvablg 41 41 Expendltuf• on ¢h•rltable actlvltles by lund type Unrestricted Tot•1 Fund$ Unreslrlcl&J Total Funds Funds 2024 Funds 2023 Direct costs Support costs 87,091 2,794 89,885 87,091 2.794 78.419 1.607 78,419 1,607 89,885 80.026 80,026 Expendlture on ch•rlt•bl8 actlvltl• by actlvlly type Activili8s undertaken dirocdy Support Totsl fund• 2024 Total lund 2023 Direct costs Governance costs 87,091 87.091 2.794 78,419 1,607 2,794 2,794 87,091 89,885 80.026 Net expendlture Ngt expenditure is slated after chargingllcreditingl.. 2024 2023 Deprecialiofi ol tangible fixed assets 3,650 3.624
Stokesley Town Hall Trust Notes to lh8 Financial Statements {GOttllftu•dl Year ended 31 March 2024 Independent examlnatlon leos 2024 2023 Fees payable lo the independent examiner for: Independent examination ol the financial statements 960 912 10. Staff co8t• The SretaryreasUrel Is paid by Siokesley Town Coun¢il. There were 4 staff in the year12023'. 41. 11. Tru$t¢e romunerAtlon and expenses No Iru51ees rece5ve any 8molumenls12023'. Non81. 12. T•nglbl? flxed #*#ets Freehold property Plant and Fixtures and ma¢hinery liitings Total C08t Ai 1 April 2023 Adaltlons 1.116,945 36,818 54.335 528 1,208,098 528 At 31 March 2024 1,116,945 36.818 54,883 1,208,626 Dgpreclatlon Al 1 Apr512023 Charge lor the year At 31 March 2024 36,818 21,049 3,650 57,867 3,650 61,517 36,818 24.699 C8rryln9 amount At 31 March 2024 1,116,945 30,164 1,147,109 Ai 31 March 2023 1.116.945 33,286 1,150,231 13. D•biorn 2024 21)23 Propaymenls and accrued incorne Other debtors 3.257 3,639 90 3,257 3,729 14. Credltors: amounts talllng duo wlthln ong your 2024 2023 Accruals and deferred income 1,791 1,629
Stokesley Town Hall Trusl Notes to the Financlal Slatemenls feontlnu8d) Year ended 31 March 2024 15. Analy$l$ of charltable funds Unrestrlcted lunds At 1 April 2023 At Income Expenditure 31 March 2024 General Puose Fund DeSnated Fund (Tangible Assets) 10.484 1,150.231 87.718 528 186,2351 11,967 13.6501 1,147,109 189,8851 1,159.076 1.160.715 88,246 At 1 Aprll 2022 At Income Expendlture 31 March 2023 Genèral Purpose Fund Oesignated Fund (Tangible Asselsl 11,145 1,153.855 75.741 176,4021 13,6241 180,0261 1,160,715 10,484 1,150,231 1.165.000 75.741 The General Purpose Fund Is ulili$8d lo further the objectsves ol Slokesl8y Town H1 Trust. The Designated Fund 5$ di$closed lo show the langiblg ass•ls that the charity usas lo further hs obj9cIivo$. 16. An•ly•ls of net a980t• betwMn lundg UnreslrScled Tot•1 Fund$ Funds 2024 Tangiblg fixed assets Curreril assets Cr¢dilors less than 1 year 1.147.109 13.758 11,7911 1,159,076 1,147,109 13,758 11,7911 1,159,076 UnreslriGi8d Total Funds Funds 2023 Tanglble fixed assets Current assets Credilor8188s than 1 year Not 8$80 1,150.231 12,113 11,6291 1,160,715 1,150,231 12.113 11,6291 1,160,715 10
Stokesley Town Hall Trust Management Informatlon Year ended 31 March 2024 The followlnq p•go• do not form port ol th• flnanclal stat•m•nt•. 11
Stokesley Town Hall Trust Delalled Statement of Flnanclal Acllvltles Year ended 31 March 2024 2024 2023 Incomg and gndowments Activities for generting fund Le15 Donailonslfund raising Inel ol ¢oslsl Siokgslgy Enlgrtainment Club Incomè 65,225 2.727 20.253 59,249 1,494 14,991 88,205 75,734 Invo¥tment Incom& Bank interest re¢¢ivabl¢ 41 Totsl Income 88,246 75,741 Exwndltur• Expendlturè on ch•rltAbl8 Actl¥ltle• Waggs and $alari6$ Rates and water Llghl and heal Repalrs and malnlenanc8 Insurance L8gal and professional fee3 Stokesley Enlerlalnment Club Other officè ¢o$t8 Depr&cialion Other interest payable and similar charges Donations Clganlng and sundry èxpensas Lic8neas Prlnilng and slalSonery 148,0111 18341 19,2591 16,9571 13,1631 11,0081 113,1261 12591 13,6501 11751 11951 11,8321 {8451 15711 189,885 142,7361 15891 16,8861 14,9641 14,2331 19541 110,1311 1501 13,6241 11721 15,2061 13751 11061 180,0261 Tot41 oxpndlturo 189.8851 180.0261 Nol 8xp•ndlture 11.6391 14,2851 12
Stokesley Town Hall Trust Notes to the Detalled Statemenl of Financlal Activilies Year ended 31 March 2024 2024 2023 Expenditure on charltable actlvitles Direct cost$ Actlvltles undertaken dlrectty Wages and salaries Rates and water Light and heat Repairs and malntenance Insurance Slokesley Entertainment Club Advertising Depreciation Cl8aning & sundry expgn$¢s 148,0111 18341 19.2591 16.9571 13,1631 113,1261 12591 13,6501 11,8321 187.0911 142,7361 15891 16.8861 14,9641 14,2331 110,1311 1501 13.6241 15,2061 178,4191 Govèrnance costs Accountancy lea8 Bank charges Donations Lkences Printing and stationèry 11,0081 11751 11951 18451 15711 12.7941 19541 1172} 1375) 11061 11,6071 Exp•ndlture on charltable •ctlvltlos 189,8851 (80.0261 13