REGISTERED CHARITY NUMBER.. 228144 of TnleeS dited FiaTla1 Statements for the Year E 31 2023 Vil eHallF Wo(xlford Norman Accowtting Limited 7 Kevem C105e Wigston Leicer tzicestershire LE182GR
Oadb Villa e Hall Fun Contents of the Financi I Statements for the Year En ed 31 Decem r 2023 Report of the Trustees Independent Examinerfs Report Statement of Ftnancial Aciiviiies Balanc¢ Shttt Notes to the Financia] sements 7 to 12 Dethiled Statrment of Financial Activitie5 13
eHallF n of the T stees or the Ytsr nded 31 Dec Etr 2023 The tnle¢S present their report with the financial siatements of the charity for the yer ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recornmended Prdctice applicable to ¢hariiies preparing their accounts in &cordance tt Financial Rewrting Standard applicable in th¢ UK and Republic of Ireland (FRS 102) (effective l January 2019). 0ECTIVEs AND AcfiviTIES Status and Objects of the Chrity The Fund was created by an Order of The Charity Commissioners for England and Wales dated 17 July 1973 and in respect of ctwttsble conveyanr¢s of land tn 1876, 1881 and 1890. The Fund is a Registered Charity, number 228144. The obj¢¢tive of ihe Fund is to make donations for any ¢haritsble puryrf)s¢ for the genernl nefit of the inhabitants of Oadby, Leicestershire and the neighbourhO thereof for which ryovision is not made of rates. or other public funds. Review of Activities In¢om¢ for the year amounied 10 £25.898 (2022 - £17.774) whilst the Fund made charitable grants of £18,148 (2022 £13,007). Administraiion expenses were £5(M) (202? . £9551. The surp1% for the year of £7.250 (2022 - £4,767) is added to the sufftplus brought forward on the General fund leaving a surplus of £25,470 {2022 - £18,220) to b¢ carried forward. Lkning the year the Furtd's inveslments in¢r¢ased in valu¢ by £55.360 (2022- £77.945 decre}. The policy of the SteeS is to dtstribute the greater part of the Iorne each year. The EndowThent Fund is invested to produce a steady income stream whilsi maintaining in the long run the capitsl value of the fund. Trustees and OfflaIs The Trust Deed proYid¢s that the tree5 shall Consi of five wson& being appointed by Oadby and Wigston Borough Council. who serve for a t¢nn of four year5 Ch. and thre¢ ¢troNl trStee$ who serve f(r a ierni of five years each. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeutnent The charity is controlled by its governing d0cwlnL a deed of and constitutes an unincoTwfdt¢d charity. REFKRENCE AND ADMINISTRATIVE DETAIiS Registered Cbrity Dumber 228144 Principal address Clo I17a Gartre¢ Road Oadby i£icester LE2 2FF Trustees M K Dunkley (resigned 31.5.23) Councillor D M Carter (Chair) Professor D Bonner (resigned 14.7.23) Councillor S Haq D Collins (appoint¢d 14.4.23) P Bales (appoinied 14.7.23) H Pandya (appointed 14.7.23)
Oadb Villa e Hall Fund Re rt of the Trustees for the Year End¢d 31 Decemkn 2023 REFERENCE AND ADMINisfRATIVE DETAIiS Independent Exarniner Wo(Klford Norn)an Acwunting Limiied 7 Kevern Close Wigston t£icester Ixicesiershire LE18 2GR Approved by order of the board of trustees on I l October 2024 and signed on its behalf by. Councillor D M Carter (Chair)- TnLSÈ¢e
ITkde ndeni Examiner's Re Oadb Villa e Hall Fund rt to the Trustees of Independent ex2mi4er's report to ihe trnstees of thdb) Village Hall I report to ihe charity trust¢es on my examination of the &counts of Ckddby Villag¢ Hall Fund (the TrSt) for the year ended 31 December 2023. Re5poAsibilities and b*si5 ofTepDrt As the charity ttustees of the TnL5t you are resry)nsible for the weparation of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Act,). I report in respeci of my examination of the Tr5 carried out under section 145 of the Att and in catrying o my examination I have followed a]1 applicable Directions given by the Charity Commission under seciion 145(5Xb) of the Act. Independent ¢18miner's ststement I have completed my examination. I confm that no nla1 matters ve come to my auention in Connection with the exarnination giving me caus¢ io believe in any nmerial respect: accounting r¢¢ords were noi kept respect of the Tru& as required by section 130 of the Act" or the accounts do aecord with those records; or the accounts do not comply with the applicable requrements concerning the forni and wnlent of aCcOts set out tn the Charities (Accounts and Rem) Regulations 2008 h¢r ihan any requirement that the accounts give a true and fair view wthich is not a matter ronsidered as part of an indeF¢ndent examination. I have no concerns and have across no other matters in connection with the examination to which attention should be drdmm in this report in order io enabl¢ a proper understanding of the accounts Éo be reach¢d. ViuDthlb Yvonne Woodford Wo(Klford Nornian Accounting Limited 7 Kevern Close Wigston tEt¢ester L£icesiershire LE18 2GR 8 August 2024 Page 3
(hdb Villa Fund Statement of Financial Adivities for ihe Y ded 31 December 2023 31.12.23 Total fun(ts 31.12.22 Total fimds Unrestricted Restrithd fid fund Ne$ INCOME AND EJ¥DOWMENTS FROM tkjnaiions and legacies 7,830 7,831 Investmeni income 18,068 18.068 17.774 Tot1 25,898 25.899 17,774 EXPENDITURE ON Raising funds 5¢)0 955 Charitablt aetivities Oadby Trinity Methodist Chur¢h 5.1 5.100 3.000 1800) (900) 5,000 Oadby St. Peterfs Pamchial Church c0CtI Oadby Baptist Church Oadby Owls Football Club St. Paul's Church Oadby Pride of Borough Oadby & Wiyon Oadby Communiry SthkeholdeT5 t£icestrr Charity Link 1,256 .256 400 1,000 Oadby Youth Centre 1.500 1,5 Oadby Foodbank Helping Hands Community Tnst 2,277 1.472 ,472 1,075 Oadby Rernemttrs Group 1914-1918 Live Arabic MHA Aigburth Devonshire Court Anand Group Oadby Oadby Group (1.000) ,400 1,758 1662 1,758 2.662 Totsl 18,648 18,648 13,007 NET INCOME 7.250 7251 4.767 Other recognised ginsl(k)5s¢s) GaIn{losses) on Tevaluation of fixed assets 55.359 55.359 (77.945) Net movement in lund5 7250 55J 62.610 (73.178) RECONCILIATION OF FUNDS Totsl fund$ brought forward 18.220 592.519 610,739 683,917 The notes foTEn trt of these financial stal¢ments Pa8e 4
Oadb Villa e Hall Fund Statement of Financial Activities for the Year Ended 31 December 2023 31.12.23 Total funds 31.12.22 Totsl fimds Unrestricted fvnd Resrricd fimd N(es TOTAL FUNDS CARRIED FORWARD 25.470 647.879 673.349 610,739 Th¢ n( ftinn part of these financial statements
Oadb Vill e Hall FurKI Balance Sh¢¢1 31 December 202 31.12.23 Total funds 31.12.22 Total fimds Unrestritted Restricted fund fimd Not FIXED ASSETS Investments 647,879 647.879 592.519 CURRENT ASSETS Cash at bank 25,970 25.970 21.301 CREDITORS Amounts falling due within one year (S(K)) (500) (3,081) NET CURRENT ASSETS 25,470 25,470 18.220 TOTAL ASSETS LESS CURREIYT LIABILITIES 25.470 647,879 673.349 610.739 NET ASSETS 25.470 647,879 673.349 610.739 FUNDS Unrestricted funds Restric*d funds 25,470 647.879 18.220 592,519 TOTAL FUNDS 673,349 610,739 The fin8ncial statements were approved by the B(wd of TrLLSttts and authorised for issue on I l (ktober 2024 and were Sign on its behalf by: D M Caner (Chair)- T¢¢ S Haq- Trustee The lle$ form part of these rtnancial ststements Page 6
Oadb Villa e Hall Fund Notes to the Financial Siatements for the Year Ended ACCOUNTING POLICIES Basis of prering the financial stalemepts The financial statements of the charity. which is a public ben¢fit ¢ntity under FRS 102. hav¢ been prepared in accordance with th¢ Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Ststement of Recommended Prnctice applicable to charÉties preparin8 their accounts in xcordance with th¢ Firwicial Reporting Stsndard applicable in the UK and Republic of ireland (Flis 102) (effective l January 2019),, Financkal Reportlllg &andard 102 The Finawial Reporting Sthndard applicable in the UK and Republic of Ireland, and the Charitl¢5 Ad 2011. The financial sNements have been prepared under the historical cost convention. with the exception of investsnents which are inClert at market value, &$ nxxlified by th¢ Teva]uation of certain assets. Income All incorne is recognised in the Statement of FinarKial Activiti&s ortt the charity has eniitlement to the fund4 it is probable that the income will be received and the amount can be me&8ured reliably. Expenditure Liabilities are recwi5ed &% cxpenditure &s %)on as there is a legal or constructive obligation COTnrnitting the tharity lo that expenditure, it is probable that a transfer of economic benefits will be required in settlemeni and the amount of the obligation can IK musured reliably. Expenditure is xcounted for on an arua]S basis and has been classified der headings that aggregate all cost related to the category. Ivhere o)sts cannot be directly attributed io particular headings they have been all(Kated to activities on a b15 consistent with the use of resources. Grants offertl subje¢t to ¢ondilions which have not been Met at the year end date are noted &5 a conunitment b not accrued a5 eXndIture. Taxat The chariry is exemw from tax on its charitrble activities. Fund aceou#ting unreStritd fth)d8 can be used in accordance with the charitable objectives at the discretion of the trueeS. Restricted fi]n&4 can onty be used for particular restricted purp)ses within the objects of the charity. Restrictions 5¢ when specified by the donor or wh•] are rJi5¢d for Iwticular restricted purpo5e5. Further explanation of the and purp)* of each fimd is included in the neS to the financial statements. INVESTMENT INCOME 31.12.23 31.12.22 COIF clwity fi]nd dividen(Ls tkposit account inlercst 17.786 282 17,718 56 18,068 17,774 Page 7 continued...
Oadb Villa ¢ Hall Fund Not¢s lo the Financial Ststements- continued for the Year Ended 31 December 20 RAISING FUNDS Raiying donatiODS Iw¢ies 31.1223 31.12.22 SuppLMtt costs 51KI TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneration LY other Ixnefits for the year ended 31 Decemb¢r 2023 nor for the year ended 31 December 2022. Trustees. expeDses There were t)0 trustee5' expenses paid for the year ended 31 December 2023 nor for the year ended 31 De¢ernber 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund Total funds INCOME AND ENDOWMENTS FROM Investsnent income 17.774 17.774 EXPENDITURE ON Raising fijnds 955 955 Charitsbk ¥ctivities Oadby Trinity Methodist Chur¢h Oadby St. Peterfs Parochial Church C(Nmcil Oadby Baptist Chuwh Oadby Owls Football Club Oadby Community Stskeholders Ckndby Foodbank Helping Hands Community Tru {8Th)) (9) (81)0) 1900) 5.000 .000 2277 1.075 .075 1.000 {i.000) 1,400 Oadby Remembers Group 1914-1918 Liv¢ Arabic MHA Aigburt (1,000) 1.400 Total 13.007 13.007 NET INCOME 4,767 4,767 Other reeognlsed g*in51{1055es) Gain(loS&es) on r¢valuation of fixed assets (77,945) (77,945) Net movement in funds 4,767 (77.945) 173,178) Page 8 continued...
Villa e Hall Fund Notes lo th¢ Financia] Stat¢tnetts- continued for the Yrdr Ended 31 December 2023 COMPARATIVLS FOR THE STATEMENT OF FINANCIAL ACTIVITIES- e0ntltted Unresrricd Restricted fund fimd Total Jnds RECONCILIATION OF FUNDS Total funds broughi forward 13,453 670,464 683,917 TOTAL FUNDS CARRIED FORWARD 18220 592,519 610,739 FIXED ASSET INVESTMENTS Listed inv¢stm¢nts MARKET VALUE Ai l January 2023 Revaluations 592.519 55,360 At 31 tkcember 2023 647.879 NET BOOK VALUE Ai 31 tkcember 2023 647,879 At 31 Dv¢mlr 2022 592,519 There were no inyestment assets outside the U Cost or valuation * 31 Decemb¢r2023 is repTesented by: Ltsted investments Valuation in 2020 valU10n in 2021 Valuation in 2022 Valuation in 2023 586.852 83.612 (77.945) 55,360 7.879 continued...
Oadb Vill e Hall Fund Noies to the Financial Statements- contind for th¢ Year Ended 31 December 2023 CREDITORS: AMOUNTS FALLING DUE WITHINONE YEAR 31.12.23 31.12.22 Bank loans and overdrafts (see note 8) Trade creditors (hher creditors 2,582 500 500 500 3.081 LOANS An analysl5 of the maturity of loat)s is given below: 31.12.23 31.12.22 Amounts falling du¢ within one year on d¢Tnand: Bank overdrafts 2,582 MOVEMENT IN FUNDS Net movement irt fi]nds At 31.12.23 At 1.1.23 UDrestrieted funds General fUl 18220 7.250 25.470 Restrieted funds EndowTn¢nt FwAd 592.519 55.360 647.879 TOTAL FUNDS 610,739 62,610 673,349 Net movemeni in fund% included in the above are as follows: Incoming Gall and 10sse5 Movement in funds expended Unrestriet¢d funds General nd 5,898 118,648) 7250 Restricted funds Endowm¢nt Fund 55.359 55,360 TOTAL FUNDS 25.899 (18,648) 55.359 62.610 Page 10 continu¢d...
Villa e Hall Fund Notes to the Financial Statements- continued for the Year Ended 31 December 2023 MOVEMENT IN FUNDS- CODtinued Comp#rtfves for movement in funds Net movement in fimds At 31.12.22 At 1.1.22 Unrestrieted funds G¢n¢rdl fvnd 13.453 4,767 18.220 Restriettd futtds Endowment Fund 670,464 {77,945) 592.519 TOTAL FUNDS 683,917 (73,178) 610.739 CompaTiv¢ net movement in funds, included in the alx)ve are &% follows: Incoming Resources Gains and losses Movement in funds UDrestricted futtds Generdl 17.774 (13.IK17) 4,767 Restricted funds Endowment Fund (77.945) (77,945) TOTAL FUNDS 17,774 (13.(M)7) (77,945) (73.178) A curr¢nt year 12 months and Prior year 12 months cornbtned pjsition is &s follows: Net movement in funds At 31.12.23 At 1.1.22 Unrestricted funds Gerternl fiK1 13,453 12.017 25,470 Restrieted funds Endowment Fund 670,464 (22.585) 647,879 TOTAL FUNDS 683.917 (10,568) 673,349 Pagell continued...
Villa e Hall Fun Notes to the Financial Staiements- continued or the Year Ended l December 2023 MOVEMENT IN FUNDS- ¥J)Dtinwed A ¢UTrent year 12 months and wior year 12 months ¢4)mbined net mov¢m¢nt in funds. in¢lud¢d in the abov¢ ar¢ follows.. Incoming Gains aThJ losses Movement in funds Unrestrieted funds Genernl fund 43.672 (31.655) 12.017 Restricted funds Endowment Fund (22,586) (22,585) TOTAL FUNDS 43,673 (31.655) (22,586) (10,568) io. RELATED PARTY DISCLOSURES There were no related PaTty trdnsactions forthe year ended 31 December 2023. Page 12
Villa Hall Fund Detailed Statement of Financial Artivities for the Y¢ar Ended 31 Decemttr 2023 31.1223 31.12.22 INCOME AND ENDOWMENTS Donatiotts and leg8ci¢5 Gifts tk)nations 7,830 7.831 Investrnent income COIF charity fund dividends tkposit account intrrest 17.786 282 17,718 56 18.068 17,774 Total Ineomlne resourees 25,899 17,774 EXPENDITURE Charitable ¥4Ctivities Grants io institutions 18,148 11,775 Support costs Other 2 Insuran¢¢ 277 Governance costs Accounthncy and lega] ftts 500 955 Total r¢sour¢es expend 18,648 13,007 Net intom¢ 7251 4,767 This p&ge doe5 not fonn pan of the sthmtory financial stsiements Page 13