REGISTERED CHARITY NUMBER: 234147
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
FOR
RADLETT VILLAGE INSTITUTE
Nagler Simmons
Chartered Accountants
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR
RADLETT VILLAGE INSTITUTE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
|
Page |
Report of the Trustees |
1 to 3 |
Independent Examiner's Report |
4 |
Statement of Financial Activities |
5 |
Balance Sheet |
6 to 7 |
Notes to the Financial Statements |
8 to 14 |
Detailed Statement of Financial Activities |
15 to 16 |
RADLETT VILLAGE INSTITUTE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
TheManagementCommittee,whoareTrustees,havepleasureinpresentingtheirreportandthe financial
statements of the charity for the year ended 31st March 2025.
OBJECTIVES AND ACTIVITIES
Objectives and aims
Thestatedobjectiveofthecharityisforthetrustpropertytobeheldupontrustforthebenefitof the
inhabitantsoftheparishofAldenhamandtheneighbouringareawithoutdistinctionofsexor political,
religiousorotheropinions,includinguseformeetings,lecturesandclassesandforotherformsof recreation
and leisure time occupation with the object of improving the conditions of life for the said inhabitants.
ThepropertywaspreviouslyvestedintheOfficialCustodianforCharitiesuntilitwastransferredback to
Aldenham Parish Council on 28th March 2014.
Volunteers
All trustees give their time voluntary and receive no remuneration or other benefits.
ACHIEVEMENTS AND PERFORMANCE
Fundraising activities
Net funds after costs were highercomparedto last year of £10,691,(2024£5,561)mainlydue to an increase in
the hiring of the hall over the previous year.
Duringtheyearthehallhasbeenregularlyhiredouttovariouslocalgroupsofferingarangeofclasses from
fitnesstoTaiChi.Inadditiontothat,wealsorentoutofficespacetofourbusinessesachievingatotal rental
income of £43,208, (2024 £38,369).
FINANCIAL REVIEW
Reserves policy
TheManagementCommitteehasestablishedapolicywherebytheunrestrictedfundsnotcommitted or
investedintangiblefixedassetsheldbethecharityshouldbe9to12monthsoftheresources expended
(excludingdepreciationandrefurbishmentexpenditure).Withthisleveloffreereservesthe Management
Committeefeelthattheywouldbeabletocontinuethecurrentactivitiesofthecharityintheeventof a
significant drop in income or a significant repair cost being incurred.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
RadlettVillageInstituteisanunincorporatedregisteredcharity.Thecharityisconstitutedunderascheme of
theCharityCommissionersdated1stJune1966,asamendedbyschemesdated16thJune1987,and 27th
January 2004.
Page 1
RADLETT VILLAGE INSTITUTE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appointment of new trustees
The Committee of Management consist of competent persons appointed from time to time.
ThefullnumberofMembersshallbe12beingfourelectedandeightrepresentativeMembers. Elected
Membersshall be appointedat the annualgeneralmeetingand shall be entitledto hold officefromthe end of
theannualgeneralmeetingatwhichtheyareappointeduntiltheendoftheannualgeneralmeetingin the
followingyear.RepresentativeMembersshallbeappointedbyorganisationsnamedinthe governing
document.TheAldenhamParishCouncilshallbeentitledtoappointthreeRepresentativeMembersand each
of the other organisations shall be entitled to appoint one Representative Member.
The Committeeshall have the power to authorisethe appointmentof an additionalRepresentativeMember by
any organisation in the Parish of Aldenham.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
234147
Principal address
413 Watling Street
Radlett
Hertfordshire
WD7 7JD
Trustees
Ms D Jeens
Ms I Swain
J J Spencer
M Delaney
S Khawaja
M Cherry (resigned 20.8.24)
M Thomas
M Hathaway (resigned 20.8.24)
L Myers
Ms R A Whiteman
D W Nygate (resigned 20.8.24)
T Butwick (appointed 20.8.24)
Independent Examiner
Nagler Simmons
Chartered Accountants
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR
Page 2
RADLETT VILLAGE INSTITUTE
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Approved by order of the board of trustees on 1 December 2025 and signed on its behalf by:
J J Spencer - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
RADLETT VILLAGE INSTITUTE
Independent examiner's report to the trustees of Radlett Village Institute
I reportto the charitytrusteeson my examinationof the accountsof RadlettVillageInstitute(the Trust)for the
year ended 31 March 2025.
Responsibilities and basis of report
As the charitytrusteesof the Trustyouare responsiblefor the preparationof the accountsin accordance with
the requirements of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActand in
carryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommission under
Section 145(5)(b) of the Act.
Independent examiner's statement
I have completedmy examination.I confirmthat no materialmattershave come to my attentionin connection
with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts 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.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Paul Simmons
Nagler Simmons
Chartered Accountants
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR
05/12/2025 Date: .............................................
Page 4
RADLETT VILLAGE INSTITUTE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Radlett Men's Club
5,760
Parties & classes
23,168
Focus4People
9,720
Mark Bailey
-
Nathan Frost
4,560
Investment income
2
5,647
Total
48,855
EXPENDITURE ON
Raising funds
38,425
Net gains/(losses) on investments
(1,092)
NET INCOME
9,338
RECONCILIATION OF FUNDS
Total funds brought forward
151,579
TOTAL FUNDS CARRIED FORWARD
160,917 |
Restricted
fund
£
-
-
-
-
-
195
195
-
-
195
5,454
5,649 |
31.3.25
Total
funds
£
5,760
23,168
9,720
-
4,560
5,842
49,050
38,425
(1,092)
9,533
157,033
166,566 |
31.3.24
Total
funds
£
5,760
18,441
9,532
300
4,336
5,515 |
|
|
|
43,884 |
|
|
|
38,323 |
|
|
|
3,333 |
|
|
|
8,894
148,139 |
|
|
|
157,033 |
The notes form part of these financial statements
Page 5
RADLETT VILLAGE INSTITUTE
BALANCE SHEET
31 MARCH 2025
Unrestricted
fund
Notes
£
FIXED ASSETS
Tangible assets
5
1,844
CURRENT ASSETS
Debtors
6
-
Investments
7
36,607
Cash at bank
125,256
161,863
CREDITORS
Amounts falling due within one year
8
(2,790)
NET CURRENT ASSETS
159,073
TOTAL ASSETS LESS CURRENT LIABILITIES
160,917
NET ASSETS
160,917 |
Restricted
fund
£
-
1,500
-
4,149
5,649
-
5,649
5,649
5,649 |
31.3.25
Total
funds
£
1,844
1,500
36,607
129,405
167,512
(2,790)
164,722
166,566
166,566 |
31.3.24
Total
funds
£
2,049
1,500
37,699
119,555
158,754
(3,770)
154,984
157,033
157,033 |
|
|
|
|
The notes form part of these financial statements
continued...
Page 6
RADLETT VILLAGE INSTITUTE
BALANCE SHEET - continued
31 MARCH 2025
9
|
|
|
FUNDS
9
Unrestricted funds
Restricted funds
TOTAL FUNDS |
160,917
5,649
166,566 |
151,579
5,454 |
|
|
157,033 |
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
1 December 2025 and were signed on its behalf by:
J J Spencer - Trustee
I Swain - Trustee
The notes form part of these financial statements
Page 7
RADLETT VILLAGE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
Statementof RecommendedPracticeapplicableto charitiespreparingtheir accountsin accordance with
theFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicablein the UK
and Republicof Ireland'and the CharitiesAct 2011.The financialstatementshavebeen prepared under
the historical cost convention.
Income
All incomeis recognisedin theStatementof FinancialActivitiesoncethecharityhas entitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesare recognisedas expenditureas soon as there is a legal or constructiveobligation committing
thecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequired in
settlementand the amountof the obligationcan be measuredreliably.Expenditureis accountedfor on
an accrualsbasisand has beenclassifiedunderheadingsthataggregateall costrelatedto the category.
Wherecostscannotbedirectlyattributedtoparticularheadingstheyhavebeenallocatedto activities
on a basis consistent with the use of resources.
Tangible fixed assets
Depreciationis providedat the followingannualratesin orderto writeoff each assetoverits estimated
useful life.
Improvements to property- 25% on cost
Fixtures and fittings- 10% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Pension costs and other post-retirement benefits
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothe charity's
pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 8
RADLETT VILLAGE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
2. INVESTMENT INCOME
INVESTMENT INCOME |
|
|
|
31.3.25 |
31.3.24 |
|
£ |
£ |
Deposit account interest |
4,817 |
4,510 |
Equity fund dividends |
1,025 |
1,005 |
|
5,842 |
5,515 |
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2025norfor the
year ended 31 March 2024.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2025norfortheyear ended
31 March 2024.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Radlett Men's Club
5,760
Parties & classes
18,441
Focus4People
9,532
Mark Bailey
300
Nathan Frost
4,336
Investment income
5,331
Total
43,700
EXPENDITURE ON
Raising funds
38,323
Net gains on investments
3,333
NET INCOME
8,710 |
Restricted
fund
£
-
-
-
-
-
184
184
-
-
184 |
Total
funds
£
5,760
18,441
9,532
300
4,336
5,515 |
|
|
43,884 |
|
|
38,323 |
|
|
3,333 |
|
|
8,894 |
continued...
Page 9
RADLETT VILLAGE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
4.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted
fund
£
RECONCILIATION OF FUNDS
Total funds brought forward
142,869
TOTAL FUNDS CARRIED FORWARD
151,579
5.
TANGIBLE FIXED ASSETS
Improvements
to
property
£
COST
At 1 April 2024 and 31 March 2025
40,302
DEPRECIATION
At 1 April 2024
40,302
Charge for year
-
At 31 March 2025
40,302
NET BOOK VALUE
At 31 March 2025
-
At 31 March 2024
- |
Restricted
fund
£
5,270
5,454
Fixtures
and
fittings
£
12,354
10,305
205
10,510
1,844
2,049 |
Total
funds
£
148,139 |
|
|
157,033 |
|
|
Totals
£
52,656
50,607
205
50,812
1,844
2,049 |
continued...
Page 10
RADLETT VILLAGE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
6.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
7.
CURRENT ASSET INVESTMENTS
Listed investments
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Taxation and social security
Other creditors
9.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Building fund
TOTAL FUNDS |
At 1.4.24
£
151,579
5,454
157,033 |
|
31.3.25
£
1,500
31.3.25
£
36,607
31.3.25
£
-
2,790
2,790
Net
movement
in funds
£
9,338
195
9,533 |
|
31.3.24
£
1,500
31.3.24
£
37,699 |
|
|
|
|
|
31.3.24
£
1,046
2,724
3,770
At
31.3.25
£
160,917
5,649 |
|
|
|
|
|
166,566 |
continued...
Page 11
RADLETT VILLAGE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
48,855
Restricted funds
Building fund
195
TOTAL FUNDS
49,050
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Building fund
TOTAL FUNDS |
Resources
expended
£
(38,425)
-
(38,425)
At 1.4.23
£
142,869
5,270
148,139 |
Gains and
Movement
losses
in funds
£
£
(1,092)
9,338
-
195
(1,092)
9,533
Net
movement
At
in funds
31.3.24
£
£
8,710
151,579
184
5,454
8,894
157,033 |
|
|
|
continued...
Page 12
RADLETT VILLAGE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
9. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
|
Incoming |
Incoming |
Resources
Gains and |
Movement |
Movement |
|
resources |
|
expended
losses |
in funds |
|
|
£ |
|
£
£ |
|
£ |
Unrestricted funds |
|
|
|
|
|
General fund |
43,700 |
|
(38,323)
3,333 |
|
8,710 |
Restricted funds |
|
|
|
|
|
Building fund |
|
184 |
-
- |
|
184 |
TOTAL FUNDS |
43,884 |
|
(38,323)
3,333 |
|
8,894 |
A current year 12 months and prior year 12 months combined |
|
|
position is as follows: |
|
|
|
|
|
Net |
|
|
|
|
|
movement |
|
At |
|
|
|
At 1.4.23
in funds |
31.3.25 |
|
|
|
|
£
£ |
|
£ |
Unrestricted funds |
|
|
|
|
|
General fund |
|
|
142,869
18,048 |
160,917 |
|
Restricted funds |
|
|
|
|
|
Building fund |
|
|
5,270
379 |
|
5,649 |
TOTAL FUNDS |
|
|
148,139
18,427 |
166,566 |
|
continued...
Page 13
RADLETT VILLAGE INSTITUTE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025
9. MOVEMENT IN FUNDS - continued
A currentyear12monthsandprioryear12monthscombinednetmovementin funds,includedin the
above are as follows:
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
Unrestricted funds |
|
|
|
|
General fund |
92,555 |
(76,748) |
2,241 |
18,048 |
Restricted funds |
|
|
|
|
Building fund |
379 |
- |
- |
379 |
TOTAL FUNDS |
92,934 |
(76,748) |
2,241 |
18,427 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2025.
Page 14
RADLETT VILLAGE INSTITUTE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES |
|
|
FOR THE YEAR ENDED 31 MARCH 2025 |
|
|
|
31.3.25 |
31.3.24 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Investment income |
|
|
Deposit account interest |
4,817 |
4,510 |
Equity fund dividends |
1,025 |
1,005 |
|
5,842 |
5,515 |
Charitable activities |
|
|
Radlett Men's Club |
5,760 |
5,760 |
Parties and classes |
23,168 |
18,441 |
Focus4People |
9,720 |
9,532 |
Mark Bailey |
- |
300 |
Nathan Frost |
4,560 |
4,336 |
|
43,208 |
38,369 |
Total incoming resources |
49,050 |
43,884 |
EXPENDITURE |
|
|
Raising donations and legacies |
|
|
Caretaker |
12,512 |
12,231 |
Pensions |
371 |
367 |
Rates and water |
3,143 |
3,837 |
Insurance |
3,795 |
3,625 |
Light and heat |
10,356 |
6,878 |
Telephone |
- |
480 |
Garden maintenance |
496 |
466 |
Sundries and cleaning |
995 |
1,065 |
Repairs |
4,461 |
7,466 |
Accountancy |
1,317 |
1,666 |
Website costs |
764 |
- |
Depreciation of tangible fixed assets |
205 |
228 |
|
38,415 |
38,309 |
This page does not form part of the statutory financial statements
Page 15
RADLETT VILLAGE INSTITUTE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
FOR THE YEAR ENDED |
31 MARCH 2025 |
|
|
31.3.25 |
31.3.24 |
|
£ |
£ |
Raising donations and legacies |
|
|
Other trading activities |
|
|
Interest payable |
10 |
14 |
Total resources expended |
38,425 |
38,323 |
Net income |
10,625 |
5,561 |
This page does not form part of the statutory financial statements
Page 16