**REGISTERED CHARITY NUMBER: 229845** 

## **THE BINGHAM HALL** 

**REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024** 



THE BINGHAM HALL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31sr DECEMBER 2024
The Trustees present their report with the financlal statements of the charity for the year ended 31
December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities:
Statement of Recommended Prattice applicable to charities preparing their accounts in accordan￿ with
the Finandal Reportlng Standard appllcabte In the UK and Republlc of Ireland {FRS 102) {effectlve I
January 2019).
OBJEcfxvES AND AcfiviTIES
Objertlves and aims
The main objective of the Trust Is to malntaln the Blngham Hall for use by individuals and clubs for
lectures, Con￿rtS, drama, dance and other entertainments, flower shows and any other purposes which
the Trustses may think fit and upon such terrns and conditions as they think appropriate. In addltlon,
maintsin the Daniel Bingham Suite for use as a rifle range by the Cotswold Ritle Club as this is one of the
oldest in the country. The Trustees believe that the wlde ranglng use of the Hall facilitbes for such varfed
events pay due ￿3rd to and meet the publlc benefit test applied by the Charities Commlssion.
ACHIEVEMENT AND PERFORMANCE
Charltable artlvltles
A year of considerable actlvlty, not least the completlon of the significant works and investment in
Installing a new Ilghtlng and acoustlGS System for the maln Hall. Thls projert has been discussed for some
tlme and Trustee5 decided to invest in this infrastructure in order that we could embra(t the m(KJem
technology and provide a venue wlth approprlately professlonal lights and sound that enhance the
experience of Ilve events In support of the grand settings of the Hall. Old embracing modem.
Whllst there was significant disfuptson around Installatlon as expected, the Hall conwnued to provlde a
venue for some existing events. as well as welcoming some hlgh-profile events throughout the year,
ending with a live podcast for Yhe Rabbit Hole Podcasts" featurfng Earl Chades Spencer, Cat lamian and
Richard Coles.
In addition to thls, the Trust hosted, for the flrst dme a 'Xmas Party for all" at the Hall In December.
whlch was sold out very quickly and provided a venue for local businesses, and individuals to have a
festive meal and entertainmenL It was a very atmospheric and delightful eveningi SUPPOrted In the main
by the localrty.
Trustees a￿ commltted to continuiTtg and developlng further thls appmach, In line wlth our founder
Daniel Bingham's vision, of provldlng a venue for a varlety of differing events for the townspeople of
Clrencester bylth the communlty at the centre.
plte the slgniflcant Infrastructure works (includlng a major domestlc refurblshment projett), the
Trust's core income held with a nomlnal 1.5% Increase.
As always, a flnal mentlon to the Charttles Trustees and Staff. All thls work could not have been posslble
without the continued guidan￿ and advi￿ of the Board of Trustees whlch was then translated into
athvltles Implemented by the professlonal and dedicated tearn of the Trusvs staff for which l again thank
them all unreservedly.
FINANCIAL REVIEW
Investment pollcy and objectives
Under the Trust Deed, the Trust has the power to make any Investment whlch the twstees see fft. The
Trustees have considered the most appropriate pollcy for Investlng fijnds and have found that COIF
(Charities Official Investment Fund). Natyonal Savings. short tem fixed rdte bank investments and
building society investment accounts generally meet the requirements of both income and capital growth.
This strategy allows for ac￿$ to furtds on an immediate basis as well as the opportunity to attract a fair
retum on monles invested in the short term. The trustees conslder the a￿$s[bIlIty of funds and retum
on Investments to be satisfactory, glven the cOn￿nUed dimate of low Interest rates.
Page I

THE BINGHAM HALL
RepoRT OF THE TRUSTEES
FOR ThE YEAR ENDED 31sr DECEMBER 2024
FINANCIAL REVIEW
The Blngham Hall Trust derbves income from tw￿ maln ￿UrCes. the lettlng of the 23 propertks owned by
the Trust and the htring OLrt of the Hall and associated rooms. Whilst the rentsl Income from properties
guaranteed up to a point. the Income from Hall hlrfng is ￿ so. It Is therefo￿ IMp￿ant to ensure there
are sufficknt funds available to tlde the Tntst In event of a t￿pOrary gap In Income, If e(isting
sources of Income lost
The oblectlve of the Hall, as outllned In the orfglnal Indenture, is to provlde accesslble Spa￿ for the local
tommunty and surroundlng parlshes for the furtherance of lelsure athvltle5, Includlng the maintenance
of a rffle range. Income for these artlvltles Is to be ralsed through the hlrlng of the Hall and lettlng of the
resldenual properties.
The Income derlved from the resldentlal propertles are on tenancy agreements and provlde an amount of
rtalnty.
The Thjstees are mlndfvl that cash should be kept In rewve for speafic reasons and that cash balar￿S
should not be only invested. However, the des1￿ to fiJnd major projects wlthout extemal fvnding is key
to the Trustees thlnkbng this Is achleved thn)ugh sensible planning by the ￿nanCe and Bu￿dIngS
Commlttees for known events as well as unexpected Nu1￿Ments.
The thallenge faang the Trustees Is a akln to a set of balance scales - on the one slde there Is a need to
ensure the fabrtc of all the Tn￿$ p￿rnISeS are malntslned to an acceptsble standard wth the ablllty to
upgradelmodernlse as OppOrtyn￿eS arlse. On the counter slde. the Trustees are requlred to ensure there
Is suffident Income generated to ensure that these obJettlves can be met as well as ensurlng there is
robust reserves poliry to mitigate any unforeseen everts.
Income Is generated from all resldentlal propertles and the Hall and It's assoclated spa￿. The Income
from resldentlal lettings can be seen as regular Income, with the occupancy rate remalnlng conslstenUv
very hlgh. Income from Hall and assoclated space hlrfng Is less guaranteed.
Pollcy
The Flnance Comm(ttee have considered all of the sallert facts and consider It approprlate to ensure that
a flgure equlvalent to an average of 6 months expenditure be r&alned In reserve to ensure that the main
operatlons of the Trust can continue.
HtrI￿er, should this level of resw4e be temporarlly brought under Pressu￿ by a sbgnlficant repair
project. the Ffjnan￿ Committee wlll ensure an appropriate plan Is instigated to rePl￿1$h the balance to
the agree4J level later than slx months of thls balance being reduced.
Th15 pollcy Is rEvlewed annually by the Anan￿ Commlttee to o)nsSder Its sultablllty tJklng Into account
any changes to the Trusys buslness or infrastrurture or prevailing market condltions.
Golng concern
The Trustees have considered the forthcomlng perlod and a￿ happy that due to the level of reserves In
the chorlty and the tenancy agreements they have In Pla￿ in regards to the Trsldentlal properties the
golng concern princlple remains appropriate.
Page 2

THE BINGHAM HALL
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 31sr DECEMBER 2024
FUTURE PLANS
The Trustees ￿rnaIn ever mlndftjl of the objertives of the Bingham Hall Trust. which are regularly
revlewed to ensure they remain aligned with the visions of our benefactor. Daniel Bingham. To add to
that, the challenges of today are far dlfferent to those of the 1910's in respect of managing and
malntalnlng an asset wlth dlfferlng aspects of needs and demands.
Whitst thls vlslon has remalned constant, the challenges ￿rtainlY have not, yet the Trust has responded
robustly to the myriad of issues fa￿d. Change and modemisatlon Can be a Challenge as eviden¢ed by
the recent technological upgrades to Ilghtlng and acousbcs-
but I am heartened that through sound
govemance, discusslon and loglcal declslon making the Trust. it5 Staff and Trustees continue to worf( hard
to retain Daniel Bingham's le9acy, moving the Trust for%Yard diligently.
The plan for the ojrrent year Is to continue to promote the Main Hall with its new technology and to
increase gradually the number and varfety of events h05ted. However, Trustees are also aware and
revlewlng the needs to upgrade and maintaln the fabrfc of the bulldlng and the stock of ￿sIdentIal
properties. That is the plan, but as always, the Trust is aware there may well be other "unplanned"
challenges that may appear, but the Board are ready and commltted to respond to these as they arise.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The governing document for the charity is the trust deed dated 16 March 1907,
Recrultment and appolntment of new tN$tees
The charity is constituted by a board of tnjstees and the hall staff. Trustees are appolnted by way of
invitstion.
Organisational structure
Key officers of the charity are the followlng:
Chaimian - Mr K Wlnmlll
Vice Chatr- Mrs S Harrison
Finan￿ Committee Chalmian - Mr R Bowyer
Buildings Committee Chairman - Mr A Franci5
Hall Manager- Mrs S King
REFERENCE AND ADMINISTRATIVE DEfAXLS
Reglstered Charlty number
229845
Prlnclpal addr
King Street
CIRENCESTER
Gloucestershire
GL7 IJT
Trustees
Mr K Winmlll
Mr R Bowyer
Mr P Rowe
Mrs J D Jarvls
Ms J Paris
Mr P J Hooper
MrA R Frdnas
Mrs E Brereton
Mrj W C Beaman
Mr D Dunn
MrA P Brown
Mrs S Harrlson
Mr A Webb
Page 3

THE BINGIIAM HALL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31sr DECEMBER 2024
REFERENCE AND ADMINIsfRATIVE DYfAIIS
Audltors
Morris Owen
Statutory Auditors
43-45 Devizes Road
SWINDON
Wiltshire
SNI 4BG
Banker4
Uoyds Bank PIC
14 Castle Street
CIRENCESTER
Gloucestershire
GL7 IQJ
Solldto
Sewell Mullings Logle LLP
7 Dollar Street
Cirencester
Gloucestershire
srATEMENT OF TRUSTEES, RESPONSIBILMES
The trustee5 are re5ponslble for P￿parIng the Report of the Trustees and the financial statements in
aco)rdance with applicable law and Unlted Kingdom ACCOUn￿ng Standards (United Klngdom Generally
A¢￿pted Accountin9 Practlce} ir¢cluding Financial Reporting Standard 102 The Flnancial Reporbng
standarf appllcable in the UK and RepLtblic of Ireland..
The law appllcable to charities In England arbd Wales, the Charftles Act 2011, Charfty {Accounts and
Report51 Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial
statements for each financlal year which give a true and falr view of the state of affair5 of the charity and
of the incoming resources and application of resources, induding the income and expenditure, of the
charity for that period. In preparing those financial statements, the trustees are required to
select sultable accounting policies and then apply them consistently.
observe the methods and prinoples in the Charity SORP;
make judgements and estimates that are reasonable an(J prudent.
prepare the flnanclal ststements on the golng concem basis unless it is Inapproprlate to presume that
the charlty will continue In buslness.
The trustee5 a￿ ￿sponSIble for keeping proper account4ng records which di5dose with reasonable
acojracy at any time the financial posltlon of the charity and to enable them to ensure that the financlal
staternents comply wlth the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and
the provlslons of the trust deed. They are also responslble for safeguarding the assets of the charity and
hence for taking reasonable steps for the prevention and detertlon of fraud and other irregularities.
Approved by order of the board of trustees on 23rd May 2025 and signed on its behalf by:
Mr K Winmill - Trustee
Page4

REPORT OF THE INDEPENDENT AUDrroRS TO THE TRUSTEES OF
ThE BfNGHAM HALL
Oplnlon
We have audlted the flnancial statements of The Blngham Hall (the 'char(ty'} for the year ended
31st December 2024 which comprlse the Statement of Financlal Attivlties, the Statement of Flnancial
Posltion and notes to the financial statements, includlno a summary of significant accounting policies. The
finanaal ￿porting frarnework that has been applied in their preparatlon Ss applicable law and United
Klngdom Accounting Standards (United Kingdom Generally Accepted Accounting Prattice). induding
Finanaal Reportlng Standard 102 The Flnancial Reporting Stsndard appllcable In the UK and Republlc of
Irelant1'.
In our opinion the flnancbal statements:
give a true and falr view of the state of the charity's affairs as at 31st December 2024 and of tts
incomlng resources and application of resour￿$. for the year then entled,.
have been property prepared in accordan￿ with United Kingdom Generally Acceptsd Accounting
Prdctice, including Flnaniial Reporting Starbdard 102 'The Financial Reporting Standard applicable in
the UK and Republic of Ireland,; and
have been prepared in accordance with the requirements of the Charitles Att 2011.
Basls for oplnlon
We conducted our audtt In accordance with Internatlonal Standards on Auditing (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are fvrther dexrTbed in the Auditors,
responslbilities for the audlt of the financial statements sertlon of our report. We are Independent of the
charity in accordan￿ wlth the ethical requirements that are relevant to our audlt of the financial
ststements in the UK. including the FRCS Ethlcal Standard, and we have fulfilled our other ethical
responslbilltles in accordance with these requirements.
We believe that the audit evidence we have
obtained Is sufficient and appmprlate to provide a basis for our opinion.
Concluslons relatlng to going concern
In audltlng the financial #atements. we have concluded that the trustees, use of the going concem basls
of accounting In the preparation of the finandal statements Is appropriate.
8ased on the work we have performed. we have not Identlfied any material uncertalntles ￿latIng to
events or condltlons that, indlvidually or collectlvely, may cast significant doubt on the charity's ability to
contlnue as a going concem for a period of at least twelve months from when the financial ststements are
auth0ri5ed for issue.
Our responsibillties and the responsibilitles of the trustees with respect to golng concem a￿ described in
the relevant sertlons of this report.
other Informatlon
The trustees a￿ responsible for the other Infomation. The other infonnatlon comprises the information
Included In the Annual Report, other than the financlal statements and our Report of the Endependent
Audltors thereon.
Our oplnton on the finanaal statements does not cover the other Infomiatlon and. except to the extent
otherwise explicidy stated In our report, we do not express any form of assuran￿ concluslon thereon.
In connectton wrth our audlt of the financial statements, our responslblllty is to read the other Informatlon
and, in (Joing so. conslder whether the other informatlon Is materially inconsistent with the ftnanclal
ststements or our knowledge obtained in the audit or othetwlse appear5 to be rnaterially misstated. If we
identfy such materlal incoTrsi5tencies or apparent material mi5Statements, we are reqUI￿d to deterinine
whether this gives rise to a mate￿81 mlsstatement in the financlal statements themselves. If, based on
the work we have performed, we conclude that there Is a materlal misstatement of thls other Infomatlon,
we are requlred to ￿port that fatt. We have nothlng to report in this regard.
Matters on which we are reoulred to report by exception
We have nothing to report In respect of the following matters where the Charitles (Accounts and Reports)
Regulations 2008 requires us to report to you if, in our oplnlon..
the infomiatlon given in the Report of the Trustees is inconsistent in any matertal respett wth the
flnancial statements,. or
sufficient accounting records have not been kept,. or
the financial statements a￿ not In agreement wlth the accounting records and returns; or
we have not recelved all the Informatlon and explanatlon5 we requlre for our audfc.
Page 5

REPORT OF THE INDEPENDENT AUDrroRS TO THE TRusfEES OF
THE BINGHAM HALL
Responslbllltles of t￿Stee5
As explained MO￿ fully in the Statement of Trustees, Responslbilrties, the trustees are responsible for the
preparation of the finanoal statements which give a tnje and fair view, and for such internal control as
the trust￿ determine is necessary to enable the preparation of finanoal Statements that are free from
materlal misststement, whether due to fraud or error.
In preparfng the financlal statements. the trust￿ are responslble for assessing the charlty's ability to
continue as a going concem, disclosing, as applicable, matters ￿lated to going concern and using the
golng cOn￿M basis of accounting unless the trustees either Intend to liquidate the charity or to cease
operations, or have no ￿lIstIC alternative but to ¢Jo so,
Our responslbllltles for the audit of the financlal ststaments
We have been appointed as auditors under Section 144 of the Charlties Act 2011 and report In
accordance with the Art and relevant regulations made or having effect thereunder.
Our objectives are to obtaln reasonable assurance about whether the financlal statements as a whole are
free from material misstatement, whether due to fraud or emr, and to Issue a Report of the Independent
Auditor5 that includes our opinion. Reasonable assurance is a hbgh level of assurance, but is not a
guardntee thot an avdlt conducted in accordance with ISA5 (UK) will always detect a material
misstatement when 6t exlsts. Misstatements can arise from fraud or error and are consbdered material If,
Indlvldually or in the aggregate. they could reasonably be expecte(J to IntlUen￿ the economlc declsions of
users taken on the basss of these financial ststements.
The extent to which our pnjcedures are capable of detertlng irregularities, indutling fraud Is detailed
below-
Our approach to Identifying and assesslng the rfsks of material misstatement In respect of irregularftles,
including fraud and non-o)mpllance with laws and regulations. was as follows:
the engagement partner ensured that the engagement team collectlvely had the approprfate
competen￿. capabillyes and skills to identify or recognlse non-compliano wlth appllcable laws and
gulations through the audlt plannlng process;
we Identiffied the laws and ￿9￿latIonS applicable to the charlty through discu55ions with trustees and
other management, and from our commercial knowledge and experience of the charity sector.
we focused on specific laws and regulations which we consldered may have a direct materbal effert on
the financial statements or the operations of the companyi including the cha￿tieS Att, general data
protectlon regulations (GDPRI. employment, and health and safety leglslation
we a55essed the extent of compliance with the laws and regulations identrfied above through making
enquides of management and inspecting legal conEspondence- antl
identified laws and wulations were communicated within the audit team regulady and the team
remalned alert to Instances of n0n-comp1lan￿ throughout the audit.
Page 6

REPORT OF THE INDEPENDENT AUDrfoR5 TO THE TRusfEES OF
THE BINGHAM HALL
We assessed thls susteptibility of the charity's financial statements to material misstatement, including
obtaining an understandlng of how frdud mlght occur by:
maklng enqulries of management as to where they conSide￿d there was susceptiblllty to fraud.
their knowledge of actual, suspected and alleged fraud; and
considering the infrrnal controls In place to mitigate risks of frau(J and non*ompliance with laws
and regulations.
In response to addressing the risk of fraud due to management override of intemal controls we:
perforrned analytical procedures to identify any unusual or unexpected ￿latiOnShIpSY
tested J"ournal entrres to identify unusual transactions-
assessed whether judgements bnd assumptions made In detemilnlng the accounting estimates set
out in note tsyo were indicative of potential bias; and
investigated the rationale behlnd significant or unusual transacuon;
In ￿spOnse to the risk of Irregulafltles and non-compllance with laws and regula￿on5. we designed
prO￿dureS which included, but We￿ not Ilmlted to..
agreeing finar¢clal statement disclosures to undedying supporting documentation; and
reviewln9 mlnutes of Board meetings held for the existence of attual and potentlal Ilttgatlon and
clalms
Due to the Inherent limitations of an aud1¢ the￿ Is an unavoidable rlsk that we may not have detected
some material mlsstatements in the finanaal statements, even though we have propedy planned and
perfornied our audit in accordance with audlfjng standards. For example, as wlth any audtt, there
remained a higher rfsk of non-deteLtion of irregularlties. as these may involve collusion, forgeryi
intentional omlsslons. mIS￿p[EsentatIOn5, or the overrlde of Intemal controls. We are not responslble for
preventing fraud or non-complian￿ wlth laws and regulations and cannot be experted to detect all fraud
and non-cornpliance wlth laws and regulations. Material misstatements that arFse due to fraud can be
harder to detect than those that arise from error as they may Involve deliberate concealment or collusion.
A further description of our responslbllltles for the audit of the flnanclal statements Is located on the
nancial Reporting Council's website at www.frc.org.uk/audltorsrespDnslbillties. This description fornis
part of our Report of the Independent Auditors.
Use of our report
This ￿pOrt is made solely to the tharity's trustee5, as a body* In accordance wlth Part 4 of the Charitles
(Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we mlght state to
the charity's trustees those matteTS we are required to stste to them In an auditors, report and for no
other purpose, To the fullest extent permitted by law, we do not accept or assume responslblllty to
anyone other than the charlty and the charity's trustees as a bodyi for our audtt worf(, for thls report, or
for the oplnlons we have formed.
MO￿lS Owen
Statutory Auditor5
43-45 Devizes Road
SWINDON
Wlltshlre
SNI 4BG
31.of.
Page 7

ThE BINGHAM HALL
STATEMENT OF FINAP4CXAL ACTIVITIES
FOR THE YEAR ENDED 31sr DECEMBER 2024
2024
Total
funds
2023
Total
funds
un￿$t￿tted Erkdowment
fund5
fund
Notes
INCOME AND ENDOWMErirs FROM
other tra¢Jing activities
Investment income
258.248
12.174
258,248
11174
257,239
9,370
Total
270.422
270,422
266,609
EXPENDrruRE ON
Charltable artlvltlgs
Charitable attivities
315,707
315,707
239,2H
Net gains on Investments
500,000
500.000
NEf INCOME/(EXPENDrruRE)
(45.285)
soo,000
454.715
27,365
RECONCIUATION OF FUNDS
Total funds brought forward
448,777 6.800.000 7,248,777
7.221.412
TOTAL FUNDS CARRIED FORWARD
403.492 7,300,000 7.703.492
7.248,777
The notes forrn part of these financlal statements
Page 8

THE BINGHAM HALL
STATEMENT OF FINANCIAL posrrIoN
31ST DECEMBER 2024
2024
Trtal
funds
2023
Total
funds
Unrestrfcted Endowment
ftjnds
fund
Notes
FIXED ASSErs
Tangible assets
Investments
Investments
Investment property
171,340
171.340
173.546
io
li
300
2,300
7.300.000 7,300.000
2,300
6.800,000
173.640 7.300,000 7.473,640
6,975.846
CURRENT ASSErs
Stocks
Debtors
Cash at bank and In hand
12
13
loo
30,088
211.333
loo
30,088
211,333
loo
23.404
284.989
241.521
241,521
308,493
CREDITORS
Amounts falling due wfthln one year
14
(11,669)
{11.669)
(35.562)
t4ET CURRENT ASSErs
229,852
229.852
272,931
TOTAL ASSETS LESS CURRENT
LIABILITIES
403rt92 7.300,000 7,703,492
7.248.777
NEf ASSErs
403,492 7.300.000 7,703,492
7,248,777
FUNDS
Unrestricted funtjs
Endowment ftjnds
15
403.492
7.300.000
448.777
6,800,000
TOTAL FUNDS
7,703.492
7,248.777
The financial statements were approved by the Board of Trustees and authorfsed for Issue on
23rd May 2025 and were slgned on its behalf by:
Mr K Winmill - Trustee
Mr R Bowyer- Trustee
The notes form part of these financial statements
Page 9

THE B114GHAM HALL
t40TES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31sr DECEMBER 2024
CHARrrY INFORMATION
The charfty 15 unincorporated, formed by a trust deed and registered at the Charity Commi5slon
for England & Wales.
The prbncipal place of buslness Is at King Street, cIren￿Ster GL7 IJT
These financial statements are presented In Bthsh Pounds (GBP). whSch Is the charity's fijnttional
and p￿ntatIonal currency.
ACCOUNTING POLICIES
Basls of preparlng the flnan¢ial stthments
The financial statements of the charity. which is a public benefit enttty under FRS 102, have been
prepared in accordan￿ wlth the Charltie5 SORP {FRS 102) 'Accounting and Reporting by Chadtles..
ststement of Recommended Practlce applicable to charitie5 preparing their accounts in accordance
with the Finanoal ReportSng Standard applicable In the UK and Republic of Ireland (FRS 102)
(effective l January 20191,, Financlal Reporting Standard 102 The Financial Reporting Stanijard
appllcable In the UK and Republic of I￿land, and the Charities Act 2011. The flnanclal statements
have been prepared under the historical cost conventlon, with the exceptlon of Investments which
are included at market value. as modified by the revaluation of certain assets.
Flnancial reporting stsndard 102 - reduced disdosur¢ exemptions
The charity has taken advanta9e of the following disclosure exempts'on in preparlng these flnanoal
Statements, as pem)ltted by FRS 102 The Flnancial Reportlng Standard applicable in the UK and
Republ1¢ of Ireland.:
the requ1￿Ments of Section 7 Statement of Cash Flows.
Income
All Income Is ￿gnised In the Ststement of Flnancial Activitles On￿ the tharlty has entltlement to
the funtls, It Is probable that the income will be r￿1Ved and the amount can be rneasU￿d ￿lIably.
Uabllltl
abilities are ￿cognised as expenditure as %ion as there is a legal or construttive obligation
commlttlng the charity to that expendlture. It Is probable that a trdnsfer of economlc benefits will
be required in settlement and the amount of the obligatlon can be measured reliably. Expeftdlture
is accounted for on an accruals basis and has been classified under headings that aggregate all
cost ￿lated to the category. Where costs cannot be dlrectly attributed to particular headlngs they
have been allocated to artlvltles on a basls consistent with the use of resources.
Tanglble flxed assets
Depreciation is provided at the followlng annual rates in order to wrtte off each asset over its
estimated useftjl Ilfe,
Fixtures and flttlngs
15% on reducing balance
Investment properties
The properties are stated at trustee5' valuation. based on the last fomial external market valuation
obtslned and then uslng appropriate commercial indices to ￿flett the movement to the current
date.
Stocks
stocks are valued at the lower of cost and net reali5able value, after maklng due allowance for
obsolete and slow moving Items.
Taxatlon
The charity is exempt from tax on its charitable activities.
Page 10
continued...

THE BINGHAM HALL
NOTES TO THE FINANCIAL sfATEMENTS- contlnu
FOR THE YEAR ENDED 31ST DECEMBER 2024
ACCOUNTING POLICIES - contlnued
Fund a¢¢ounting
Unrestricted funds can be used In accordance wtth the tharttable objettives at the dlscretion of the
tnjstees.
Restricted funds can only be used for particular restrfcted purposes withln the obJe¢ts of the
charity. Restrirtions arise when specified by the donor or when funds are ralsed for particular
restricted purposes.
Further explanatlon of the nature and purpose of each fund Is included in the notes to the financial
statements.
Penslon ¢osts and other post-r•tlrement beneflts
The charlty operates a deflned contrlbutlon penslon scheme. Contrlbuyons payable to the charlty's
pension scheme are charged to the Statement of Financlal Activitie5 in the perlod to whlch they
relate.
Flnandal Instruments
Short tem debtors are measured at trdnsaction pr1￿, less any impairment. Loans receivable are
rneasu￿d initially at falr value. net of transactfon costs. and are measured subseqLFenUy at
arnortised cost using the effective Interest method, less any Impairnient.
Short term trade credltors are measured at the trdnsattion prf￿. Other financlal Ilabllltles.
Includlng loan5, are measured initlally at falr value, net of transactlon costs. and are measured
subsequently at amortised cost uslng the effective interest method.
The charftSes Investments consist of National Savings and Investment income bonds and a deposlt
n a COIF. Both Snvestments can been wtthdrawn at any time and therefore are considered to be
basic financlal Instruments under FRS 102 sectlon 11 and as such are initially measured at
transactlon price and subsequendy at fair value.
OThER TRADING AcfIvmES
2024
2023
Rent- Properties
Lettlngs - Hall
other income
Events Income
167,783
70,606
122
19,737
178,587
78,652
258,248
257,239
INVESTMENT INCOME
2024
2023
Deposit account interest
Il174
9,370
Page 11
conttnued...

THE BINGHAM HALL
NOTES TO THE FINANCIAL sfATEMENTS - contlnued
FOR THE YEAR ENDED 31sr DECEMBER 2024
AuDrroRS' REMUNERATXON
2024
2023
Fees payable to the charity's aut1itors for the audit of the charity's
financlal ststements
7.875
7,500
TRUSTEES, REMUNERATION AND BENEFITS
2024
2023
Trustees, salarse5
Twstees, fees
2.659
1.000
2.426
1,000
3.659
3,426
Trustees. expensas
The￿ were no trustees, expenses pald for the year ended 31st December 2024 nor for the year
ended 31st December 2023.
STAFF cosrs
The average monthly number of empEoyees during the year was as follows..
2024
2023
Charltable artlvltles
No employees recelved emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMEKf OF FINANCIAL ACTIVITIES
Unrestricted Endowment
funds
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Other trading activities
Investment Income
257,239
9.370
257,239
9,370
Total
266,609
266,609
EXPENDIfuRE ON
Charitable activities
Charitable actlvities
239,244
239,244
NEf XNCOME
27,365
27.365
RECONCILIAT1014 OF FUNDS
Total funds brought forward
421,412
6.800.000
7,221,412
TOTAL FUNDS CARRIED FORWARD
448,777
6,800.000
7.248.777
Page 12
continued..

THE BINGHAM HALL
NOTES TO THE FINANcfAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31sr DECEMFIER 2024
TANGIBLE FIXED ASSErs
￿xtU￿$
and
fltvngs
cosr
At 1st January 2024
Addltlons
276,463
15,552
At 31st De￿mber 2024
291015
DEPRECIATION
At 1st January 2024
Charge for year
101917
17.758
At 31st t)e￿rnber 2024
120,675
NEf BOOK VALUE
At 31st De￿mber 2024
171,340
At 31st De￿rnber 2023
173,546
10. FIXED ASSEf INVESTMENTS
Unllsted
Investment
MARKEf VALUE
At 1st January 2024 and
31st December 2024
2,300
NET BOOK VALUE
At 31st De￿mber 2024
2,300
At 31st December 2023
2,300
The￿ were no investment assets outside the UK.
All Investments represent cash investments held prtmarfly to provlde an investment retum for the
charfty. The assets are valued at fair value.
11. INVEsfMEprf PROPERTY
FAIR VALUE
At 1st January 2024
Revaluatlon
6,800,000
500,000
At 31st December 2024
7,31XI.000
NEf BOOK VALUE
At 31st December 2024
7,300,000
At 31st December 2023
6,800,000
The Bingham Hall is accounted for as an Investment property in accordar¢ce wlth Flnanclal
Reporting Standard 102 Section 17.
The remalnlng propertles conslst of a number of residential dwelllngs In Watermoor Road,
Cirencester and King Stree¢ Cire￿￿Ster.
Page 13
continued...

THE BINGHAM MALL
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31ST DECEMBER 2024
11. INVEsfMENT PROPERTY- contlnued
All investment propertles held by the charity are define(l as inalienable assets, as the trust
document requires the propertie5 to be retsined and used indefinitely for the charitable objects,
preventing any dlsposal wlthout external consent.
As part of ongoing reviews. Tnjstees have been considering the Trspective value of Its "b￿CkS and
mortart assets. In conjunrtion with a recent review undertaken by the Trust's Insurer,
consideration was given to the residential buildings and Hall estimated valuations, wtth of course
due consideration bein9 given to the caveat wlthin the Tnjst Deed that propertles cannot be
disposed of by the Trust.
As a result of this, the annual accounts are subject to an uplift in the figures to take Into ac￿Unt
the increase In property value5, a recalibration of the index linked Increases whith have been
occurrlng SIn￿ 2015 together with conslderatlon of value levels based on the Trust deed
constraints. A number of models have been employed to calculate these figures which now present
an up-to-date posltion based on all of the available infomiation. In the view of the trustee5, having
obtained a recent insurance valuation, the indexed model needs a realignment adjustment to the
carylng value of the Bingham Hall and this adjvstsment has been reflected in these accounts.
IZ STOCKS
2024
2023
Stocks
loo
loo
13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Trade debtors
Prepayments and accrue(l income
965
29.123
2.458
20,946
30,088
23,404
14. CREDrroRS: AMOUNTS FALUNG DUE WITHIN ONE YEAR
2024
2023
Soclal securfty and other taxes
Other credit0¥5
Accruals and deferred income
1.959
1,834
7.876
26,061
9,501
11.669
35,562
MOVEMENT IN FUNDS
Net
movement
in fund5
Transfers
between
funds
At
31.12.24
At 1.1.24
Unr¢strl¢ted fund$
General fund
Designated rennovation and repair
fund
348,777
47.937
(93.222)
303rt92
100,000
(93.222)
93.222
loo.000
448,777
{45.285)
403,492
Endowmant funds
Permanent endowment fund
6.800.000
500.000
7.300,000
TOTAL FUNDS
7,248,777
454,715
7,703.492
Page 14
contlnued...

THE BINGHAM HALL
NOTES TO THE FINANCIAL STATEMENTS- contlnued
FOR THE YEAR ENDED 31sr DECEMBER 2024
15. MOVEMErir IN FUNDS - cortlnued
Net movement in funds, included in the above are as follows:
Incoming
resources
Resour
expended
Galns and
105ses
Movement
in funds
Unrestrlcted funds
General fund
Deslgnated rennovatlon and repalr
fund
270,422
(221485)
47.937
{93,222)
{93.222)
270N22
(315,707)
{45,285}
Endowment funds
Permanent entlowment fijnd
500,000
500,000
TOTAL FUNDS
270.422
{315,707)
500.000
454,715
Comparatlves for movement In funds
Net
movement
In funds
Transfers
between
funds
At 1.1.23
31.12.23
Unrestrl¢ted funds
General fund
Designated rennovatton and repalr
fund
421.412
27.365
(ioo,0001
348,777
loo,000
loo,000
421,412
27,365
448,777
Endowment funds
Permanent endowrnent fijnd
6,800,000
6,800,000
TOTAL FUNDS
7,221,412
27,365
7,248,777
Comparative net movement in funds, included In the above are as follows..
Incomlng
resources
Resources
expended
Movement
In fun¢ts
Unrestrlrtad funds
Gener21 fund
266,609
(239.244)
27,365
TOTAL FUNDS
266.609
(239,244)
27,365
Page 15
continued...

THE BINGHAM HALL
NOTES TO THE FINANCIAL STATEMENTS- Contlnuad
FOR THE YEAR ENDED 31sr DECEMBER 2024
15. MOVEMENT IN FUNDS - contlnued
A current year 12 month5 and prior year 12 month5 combined positlon Is as follows..
Net
movement
in funds
Transfer5
between
funds
At 1.1.23
31.12.24
Unrestrl¢tsd funds
General fund
Desi9nated ￿nn0vatIOn and repair
fund
421,412
75,302
(193.222)
303,492
{93,222)
193,222
loo,000
421,412
{17.920)
403,492
Endowment funds
Permanent endowment fund
6.800.000
500,000
7,300,000
TOTAL FUNDS
7,221.412
482,080
7,703.492
A current year 12 months and prior year 12 months combirbed net rrH)vement in fund5, included In
the above a￿ as follows:
Incoming
re50urce5
Resources
expen¢Jed
Galns and
losses
Movement
in funds
Unrestricted funds
General fund
Deslgnated rennovation and repalr
fund
537,031
(461,729)
75,302
193,222)
{93.222)
537,031
(554,951)
(17,920)
Endowment funds
Permanent endowment fund
500,000
500,000
TOTAL FUNDS
537,031
(554,951)
500.000
482,080
Fund name
Permanent endowment fiJnd
Purpose and restrlctlons
Thi5 is an endowment fund for the propertles which are
owned by the charity.
16. RELATED PARTY DISCLOSURES
The followlng relate¢J party transactlons have OCCLsnEd in the year, all at fvll commercial market
rates.
Name of Related Party
Relationship
Services
Amount
C[ren￿ter Intruder Alarms
Common Dlrertorl
Trustee
Trustee
Common Partner/
Trustee
Security seNlces
2,598
A Frands
Plastering
16,651
Moore Allen & Tnn0￿nt
Professional services
840
The chartty also recelves a share of bar taklngs from trustee A Brown, who runs a bar se￿1￿ at
5elerted events through the year. The total recelved In the year amounted to £4,700 (2023:
£2.779),
Page 16