``` 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 ```