Règi#ered Charity Number. 229345 ort of the Tru5tee5 and Unaudited Financial Statements for the Year Ended 31 December 2023 for The Woodd e Hostel
The Woodel e Hostel Content5 of the Financi81 Statements for the Year Ended 310e£ember 2023 Page Report of the Trn5tees 1to2 Independent Examiner's Report Statement of Financial Artivities Balance Sheet Notes to the Finantial Statements 6t07 Detailed Statement of Financial Activttie5
The Woodc e Hostel CHARITY INFORMATION REFERENCE AND ADMINISTFiATIVE DETAJiS Reglstered Charlty Number 229345 Prlndpal Addrèss 20. Ridgeway Wargrave Berkshire RGIO 8AS Trustees Revjohn Cook Mr Grahamjones Mr Philip Kinch Mr5 Christine Walker Mr Adrian Pagdin (from 28 April 20231 Independent Examiner Richard Arnold 7, Braybrooke Road Wargrave Reading Berkshire RGIO 8DU
The Woodc e Hostel Re ort of the Trustees for the Year Ended 31 December 2023 The trustees present their report with the financial statements of the chartty for the year ended 31 December 2023. The trustees have adopted the provisions of the Chartties SORP IFRS 1021. l. Aim and Pur ose of theTrust The Woodclyffe H05tel was gtfted to the people of Wargrave and surrounding areas by Mrs Harriet Smith, in 1905. Its purpose was, and remains, to provide facilities for recreation 2nd education. The Trustees have the responsibiltty for mainlaining and administering the building (which is Grade 2 listed) so that ihe facilities are in good order and utilised by as wide a range of people as P055ible. The building is currently used to provide the following facilities and activities: The Public Librdry The Wargrave & Districi Snooker Club The Wargrave Theatre Iedr$81 r(x)m and u)sbJme str)rel The soueties and organisatitsns that carry OLrt these activitie5 each have a lease 38reemen¢ covering their re5pectwe parts of the buildin& with the Trustees. The nts charged by the Trustee5 Bre Set with reference to the costs of running the buildin& so that over the medium and long term the Trust neither makes a profit nor incurs loss. Certain srnall r¢)oms in the Hostel are used to store archwes by loral or8ani5ations such as the War8rave Historysociety and the church, for which no charge is made. The Sansom Room is a meeting room, hired to its users on an hourly basis. It is used by local art and social groups, Church groups and others who use the room on an ad-hoc basis In addition, there ts a residential flat on the top floor. 2. Activities The Building No signrficant maintenance issues arose during the year. Page I
The Woodd e H05tel Re ort of the Trustees for the Year Ended 31 December 2023 Health and Safety The Health & Safety policy, instigated in 2(, is kept under constant review and steps are taken to mitigate any ri5k5 that are identified. Access for Disabled People During 2009. in conjunction with Wokingh3m Borough Council. major modifications were made to the entrance and ground floor to facilitate the use of the library by disabled people. Trustee Board Mr Adrian Pagdin joined the tnjstee board on 28th April 2023. 3. The Public Benefit The Trustees have given due consideration to the Charwty Commission's guidance on public benefrt and have concluded that the Woodclyffe Hostel is fully compliant. The charity's overall responsibility is that of providing facilities to organisations and village societies who themselves exist to benefrt the public in various ways. To the greatest extent possible the facilities are now accessible to disabled people. Specifically, the public Library is managed by Wokingham Borough Council for the benefrt of all the inhabitants of Wargrave and surrounding area5, Wlthout striCt10n. The Snooker Club provides snooker playing facilities to members and non-members alike. The WarBrave Theatre is the local amateur dramatic society which regularly stages performances that are open to the public. The Wargrave Theatre welcomes anyone who wishes to partictpate in its actwities. in whatever capacity. Ofte room of the Hostel is used by a variety of local organisations such as an artist group and other social groijps. Church Broups and others on an ad-hoc basis. Use of this room is open to everyone without restriction. None of these activities could be carried out forthe public were it not for the premises provided by The Woodclyffe Hostel charty. STRucfuRE, fjOVERNANCE AND MANAGEMENT The charity is a registered chartty and is not incorported Risk Management The trustees have a duty to identify and review risks to which the chartty is exposed and to ensure appropriate controls are in place to provide reasonable assurdnce agaiist fraud and error. ON BEHALF OF THE BOARD Trustee Date: Page 2
Inde endent Examiner's Re The Woodcl e Hostel ort to the Trustees of I report on the accounts for the year ended 31 December 2023 Set out on pages four to eight. Respertlve responslbillties of trnstee5 and examiner The chartty's trustees are responsible for the preparation of the accounts. The charlty's trustees consider that an audit is not required for this year lunder Section 144121 of the Charities Act 2011 (the 2011 Artl and that an independent examination is required. It is my responsibility to.. examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in the General Directions given by the Charity commission (under section 14515llbl of the 2011 Act}- and to state whether particular matters have come to my attention. Basls of the independent examinerfs report My examination was carried out in accordance wtth the General Directions given by the Chartty Commission. An examination includes review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items of disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be reqyire(J in an audit, and ton5equently no opinion is given as to whether the accounts present a 'true and fair view. and the report is limited to those matter5 set out in the statement below. Independent examiner's statement In connection with my examination, no matter has come to my attention.. 111 which gives me reasonable cause to believe that. in any material respect, the requirements to keep accounting records in accordance wfth section 130 of the 2011 Act- and to prepare accounts with accord wtth the accounting records and to comply with the accounting requirements of the 2011 Act have not been met. or 121 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Richard Arnold ACA 7, Braybrooke Road Wargrave Reading Berkshire RGIO 8DU Date.. Pe3
Thè Woodd e Hostel Statement of Financial Artivities for the Year Ended 31 December 2023 31.12.23 31.12.22 Notes INCOMING RESOURCES Incoming resources from gènerated funds Investment Income Other incoming resources 1315 34.608 iioi 35,106 Totsl incoming resources 35.923 36,207 RESOURCES EXPENDED Other resour$ expended 19,325 13,978 NET OUTGOING I INCOMING RESOURCES 16,598 22,229 Other recognised Bainsllosses Gainsllosses on investment assets 4,912 Net movement in funds 20,062 17,317 RECONCILIATION OF FUNDS Total funds brought forward 127,917 110,601 147,979 127,918 The notes form part of these financial statements
The Woodc e Hostel Balance Sheet At 31 December 2023 31.12.23 UnstrICted funds 31.12.22 Unrestritted funds Notes FIXED ASSETS Tangible Assets 3.429.519 3,136,286 CURRENT ASSErs Investments Cash at bank 40,283 108.561 36,819 91,964 148.844 128,783 CREDITORS Amounts falling due within one year -865 -865 NET CURRENT ASSErs 147.979 127.918 NET ASSErs 3,577.498 3.264.204 TRUSTEES AccouNrs Trustees Capttal Account 3,429.519 3,136,286 Trustees Incowne Account Retained Earnings 147.979 127,918 Total funds 3.577A98 3.264,204 The finanaal statements were approved by the Board of Trustees on ..... signed on its behalf by.. wère Trustee The notes forni part of these financial statements PaJe 5
The Woodcl e Hostel Not to the Financial Statements for the Year Ended 31 December 2023 I ACCOUTrrnNG POLiaES AcCounn£ conventlon The financial statements have been prepared under the historical cost convention. and in accordance with the Chartties SORP IFRS 102}. the Charities Act 2011, and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Chartties. Accounting Basis The accounts have been prepared on an Income and Expendtture basis. Tanglble Ftxed Assets The charity has one tangible asset, the Woodclyffe Hostel. In accordance with Financial Reporting Statement 30. the tnjstees do not provide a depreciation charge on the Hostel building on the basi5 that the Hostel is being maintained and effectively has an indefintte lrfe. The Woodclyffe Hostel was donated to the Trust in 1905. and the current valuation in the accounts reflerts a revised estimated Insurance cost. The Trustees believe that the cost of obtaining a professional market valuation would far outweigh any benefit, and in itself would be irrelevant. Taxation The charty is exempt from tax on its actNities. as all income is applied to its primary purpose. Fund Accounting Unrestricted funds can be used in accordance wwth the charitable objectives at the discretion of the trustees. Restricted funds ¢an only be used for particular restricted purposes within the objects of the charÉty. Restrittions arise when specffied by the donor or when funds are raised for particular restricted purp05e5. The On restricted assets being the Hostel itse. 2 INVESTMENTS Investments consist of 1,782 shares in the Investment Fund of the Central Board of Finance of Ihe Church of England and are valued at the Current Market Value as at 31 December 2023. 3 TRUSTEES REMUNEPATION AND BENEFrrs There were no trustees, remuneration or other benefrts for the year ended 31 December 2023, nor for the year ended 31 December 2022. Page 6
The Woodcl e Hostel Notes to the Financial Statements for the Year Ended 31 December 2023 4 TANGIBLE FIXED ASSErs Treated as Restricted Funds Freehold Property COST or Estirn*ed Insurance value 3111212023 3.429.519 3111212022 3,136,286 At ljanuary 2022 and 31 December2022 BOOK VALUE At 31 December 2023 3,429,519 At 31 December 2022 3,136,286 S CREDITORS: AMOUNTS FAiUNG DUE WITHIN ONE YEAR 31.12.23 31.12.22 Deposit re flat Atcrued works cost 865 865 865 865 6 MOVEMENT IN FUNDS Net movement In funds At 1.1.23 At 31.12.23 Unrestricted funds General fund 127,917 20.062 147,979 TOTAL FUNDS 127.917 20,062 147,979 Net movement in funds. irbcluded in the above are as follows- Incoming Resources resource5 expended Movement in funds Unrestrlrted funds General fund Unrealised Gain on Investments 35.923 3.464 19.325 16,598 3,464 TOTAL FUNDS 39,387 19,325 20,062 PJe 7
Detailed Statement of Financial Activities for the Year Ended 31 December 2023 31.12.23 31.12.22 INCOMING RESOURCES Investment Income Dividends i.ioi 214 1,095 Interest receivable 1,315 I,ioi Other Incoming resour WBC Library Wargrave & District Club Green Room/Wargrave Theatre Residential Flat 9.0 6,0 9,LK)O Samsom Room Other income/Service Charges 1.901 3,703 2,399 3,703 35,106 Total incoming resources 35,923 36,207 RESOURCES EXPENDED Other reSoUrS expended Cleaning 2.208 2,018 135 8.350 1.327 5,029 258 2,268 1,913 Rateslcouncil Tax Insurance Inspection/Works General Building Repairs Miscellaneous Total resources èxpended 7,497 2,140 159 19.325 13,978 Net income before gain5 and tos 16,598 22,229 Realised recognised Bains and losses Unrealised gainslllossesl on investments 3.464 4,912 Net income 20.062 17.317 This page does not form part of the statutoryfinancial staternents Page 8