East Tuddenham Village Hall
Charity Number 229481
Annual Report and Financial Statements for the Year Ended 31 March 2022
ADP Accounting Limited 19 Farrow Close Mattishall Norfolk NR20 3SZ
East Tuddenham Village Hall
Contents
| Reference and Administrative Details | 1 |
|---|---|
| Independent examiner's report | 2 |
| Statement of financial activities | 3 |
| Balance Sheet | 4 |
| Notes to the financial statements | 5 to 10 |
East Tuddenham Village Hall
Reference and Administrative Details
| Charity name | East Tuddenham Village Hall |
|---|---|
| Charity registration number | 229481 |
| Principal office | Mattishall Road |
| East Tuddenham | |
| Norfolk | |
| NR20 3LR | |
| Registered office | Mattishall Road |
| East Tuddenham | |
| Norfolk | |
| NR20 3LR | |
| Trustees | Mr E Hickling |
| Mr R Bodger | |
| Mr K I Goodrum | |
| Mrs M Cram | |
| Mr M Barrett | |
| Mrs J Leaney | |
| Mrs J Shrimpling | |
| Mr L Anderson | |
| Accountant | ADP Accounting Limited |
| 19 Farrow Close | |
| Mattishall | |
| Dereham | |
| Norfolk |
Page 1
East Tuddenham Village Hall
Trustee's Report
I report on the accounts of the Trust for the year ended 31 March 2022, which are set out on pages 4 to 10.
Respective responsibilities oftrusteesand examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act)and that an independent examination is needed.
It is my responsibility to:
‐examine the accounts undersection 145 of the 2011 Act;
‐follow the procedures laid down in the General Directions given by the Charity Commission
‐state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a 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 or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
‐to keep accounting records in accordance withsection 130 of the Act; and
‐to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
| ......................................... | 19 Farrow Close |
|---|---|
| ADP Accounting Limited | Mattishall |
| Dereham | |
| Association of Chartered Certified Accountants | Norfolk |
| NR20 3SZ | |
| 27th June 2022 |
Page 2
East Tuddenham Village Hall
Statement of Financial Activities For the Year Ended 31 March 2022
| Note Incoming resources Incoming resources from generated funds Activities for generating funds 2 Investment income 3 Total incoming resources Resources expended Costs of generating funds Fundraising trading: cost of goods sold and other costs 4 Total resources expended Net movements in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted Funds 2022 2021 £ £ £ 40,231 40,231 43,309 3,286 3,286 5,527 |
|---|---|
| 43,517 43,517 48,836 |
|
| 26,375 26,375 12,163 |
|
| 26,375 26,375 12,163 |
|
| 17,142 17,142 36,674 208,222 208,222 171,548 |
|
| 225,364 225,363 208,222 |
Page 3
East Tuddenham Village Hall
Balance Sheet
As At 31 March 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 8 | 139,175 | 140,141 | ||
| Current assets | |||||
| Stocks and work in progress | 250 | 250 | |||
| Debtors | 9 | 1,588 | 13,991 | ||
| Investments | 10 | 5 | 5 | ||
| Cash at bank and in hand | 85,496 | 54,985 | |||
| 87,338 | 69,230 | ||||
| Creditors: Amounts falling due within one year | 11 | (1,149) | (1,149) | ||
| Net current assets | 86,189 | 68,081 | |||
| Total assets less current liabilities | 225,364 | 208,222 | |||
| Net assets | 225,364 | 208,222 | |||
| The funds of the charity: | |||||
| Unrestricted funds | |||||
| Unrestricted income funds | 225,364 | 208,222 | |||
| Total charity funds | 225,364 | 208,222 |
The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the Board on ………………… 2022 and signed on its behalf by:
.........................................
Page 4
East Tuddenham Village Hall
Notes to the Financial Statements
For The Year Ended 31 March 2022
1) Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost conventionand in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Charities Act 2011.
Fund accounting policy
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Further details of each fund are disclosed in note 14.
Incoming resources
Shop income and income derived from events is recognised as earned (that is, as the related goods or services are provided).
Investment income is recognised on a receivable basis.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds are the costs of trading for fundraising purposes.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Irrecoverable VAT
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Fixed assets
Individual fixed assets costing £0 or more are initially recorded at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Fixtures and fittings
15% Reducing Balance Basis
Page 5
East Tuddenham Village Hall
Notes to the Financial Statements (continued) For The Year Ended 31 March 2022
Stock
Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs. Items donated for resale or distribution are not included in the financial statements until they are sold or distributed.
Operating leases
Rentals payable under operating leases are charged in the statement of financial activities on a straight line basis over the lease term.
2) Activities for generating funds
| Village Hall Grants Ballroom Dancing Income Sports Activities Income Recycling Bins Other income Hall Hire Electric rebates Social Club Grants Subscriptions Bar Income Insurance claim Total Income |
Unrestricted Funds £ Total Funds 2022 £ Total Funds 2021 £ ‐ 17,500 2,030 2,030 ‐ 145 145 140 386 386 363 726 726 ‐ 9,774 9,774 (295) 3,454 3,454 5,486 |
|---|---|
| 16,515 16,515 23,194 |
|
| 10,667 10,667 8,097 2 2 ‐ 13,047 13,047 ‐ ‐ 12,018 |
|
| 23,716 23,716 20,115 |
|
| 40,231 40,231 43,309 |
Page 6
East Tuddenham Village Hall
Notes to the Financial Statements (continued) For The Year Ended 31 March 2022
3) Investment income
| Interest on cash deposits Direct costs Cost of goods sold Wages Establishment costs Repairs and maintenance Subscriptions and licences Sundry and other costs Cleaning Accountancy fees Office expenses Printing, posting and stationery Depreciation of tangible fixed assets Total Expenses 5) Trustees' remuneration and expenses Support costs 4) Total resources expended |
Unrestricted Funds £ Total Funds 2022 £ Total Funds 2021 £ 3,286 3,286 5,527 |
|---|---|
| Village Hall Social Club Total £ £ £ 8,430 8,430 ‐ 4,796 4,796 546 1,937 2,483 ‐ 3,871 3,871 1,416 228 1,643 95 424 519 200 200 200 264 464 2022 |
|
| 2,257 20,149 22,406 |
|
| ‐ 618 618 ‐ 2 2 ‐ 3,349 3,349 |
|
| ‐ 3,969 3,969 |
|
| 2,257 24,118 26,375 |
|
No trustees received any remuneration during the year.
Page 7
East Tuddenham Village Hall
Notes to the Financial Statements (continued) For The Year Ended 31 March 2022
6) Net incoming resources
Net incoming resources are stated after charging:
| 6) Net incoming resources Net incoming resources are stated after charging: |
||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| £ | £ | |||
| Depreciation of tangible fixed assets | 3,349 | 3,520 | ||
| 7) Employees' remuneration | ||||
| The aggregate payroll costs of these persons were as follows: | ||||
| 2022 | 2021 | |||
| £ | £ | |||
| Wages and salaries | 4,796 | 1,981 | ||
| No employee received emoluments of more than £60,000 during the year | ||||
| 8) Tangible fixed assets | ||||
| Fixtures, | ||||
| Freehold | fittings and | |||
| land and | equipment | Total | ||
| buildings | £ | £ | £ | |
| Cost | ||||
| As at 1 April 2021 | 120,195 | 112,827 | 233,022 | |
| Additions | ‐ | 2,384 | 2,384 | |
| As at 31 March 2022 | 120,195 | 115,211 | 235,406 | |
| Depreciation | ||||
| As at 1 April 2021 | ‐ | 92,882 | 92,882 | |
| Charge for the year | ‐ | 3,349 | 3,349 | |
| As at 31 March 2022 | ‐ | 96,231 | 96,231 | |
| Net book value | ||||
| As at 31 March 2022 | 120,195 | 18,980 | 139,175 | |
| As at 31 March 2021 | 120,195 | 19,945 | 140,140 |
Page 8
East Tuddenham Village Hall
Notes to the Financial Statements (continued) For The Year Ended 31 March 2022
| 9) Debtors Prepayments and accrued income Taxation and social security 10) Current asset investments Unlisted investments All current asset investments were held in the UK. 11) Creditors: Amounts falling due within one year Other creditors Accruals and deferred income 12) Related parties ‐ Controlling entity |
2022 £ 870 717 1,587 2022 £ 5 2022 £ 809 340 1,149 |
2021 £ 12,888 1,103 |
|---|---|---|
| 13,991 | ||
| 2021 £ 5 |
||
| 2021 £ 809 340 |
||
| 1,149 | ||
The charity is controlled by the trustees.
Page 9
East Tuddenham Village Hall
Notes to the Financial Statements (continued) For The Year Ended 31 March 2022
| 13) Analysis of funds | ||||
|---|---|---|---|---|
| Incoming | Resources | |||
| At 2021 | resources | expended | At 2022 | |
| £ | £ | £ | £ | |
| General Funds | ||||
| Unrestricted income fund | 208,222 | 43,517 | (26,375) | 225,364 |
Page 10