2020-12-31-accounts - Hutton Rudby Village Hall And Recreation Ground

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HUTTON RUDBY VILLAGE HALL AND RECREATION GROUND

BALANCE SHEET AS AT 31 DECEMBER 2020

BALANCE SHEET AS AT 31 DECEMBER 2020
Notes Fixed Assets Tangible Assets 8 Investments 9 Current Assets Debtors 10 Cash at bank Creditors: amounts falling due within one year 11 Net Current Assets Total assets less current liabilities Represented by Unrestricted funds Restricted funds 12	2020 £ £ 549046 110000 659046 2007 100231 102,238 (2,424) 99,814 758,860 487,927 270,933 758,860	2019 £ £ 554,315 100,000 654,315 2,781 109,016 111,797 (1,781) 110,016 764,331 493,398 270,933 764,331
			764,331
			493,398 270,933
			764,331

HUTTON RUDBY VILLAGE HALL AND RECREATION GROUND

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2020

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
Notes Incoming resources Donations and legacies 2 Activities in furtherance of the charity's activities 3 Investment income 4 Other Income Resources expended Charitable expenditure Administration and other costs 5 Fund balances 1 January 2020 Fund balances 31 December 2020	Unrestricted Restricted Total Funds Funds 2020 £ £ £ 1,014 1,014 4,879 4,879 1,441 1,441 20,869 20,869
	28,203 - 28,203
	33,674 33,674
	33,674 - 33,674
	(5,471) (5,471) 493,398 270,933 764,331
	487,927 270,933 758,860

HUTTON RUDBY VILLAGE HALL AND RECREATION GROUND

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting Policies

1.1 Basis of preparation

The accounts have been prepared in accordance with the Charities Act and Statement of Recommended Practice FRS102.

1.2 Incoming resources

All incoming resources are included in the SOFA when the charity is entitled to the income and the amount can be quantified.

1.3 Resources expended

All expenditure is accounted for on accrual basis and has been classified under headings that aggregate all costs related to that category.

1.4 Tangible fixed assets and depreciation

Tangible assets costing more than £500 are capitalised. Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is charged at the following rates:

Fixtures, fittings and equipment 20% straight line

Heating Systems 10%, office equipment 20% and Biomass Boiler 5%.

No charge is being made on Land and buildings at present. This will be reconsidered annually.

1.5 Investments

During the year £10,000 was invested in Old Mutual Wealth bringing the total to £110,000 The curent value is £121,666 No revaluation of the fund is included in the accounts.

1.6 Accumulated funds

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses

of the restricted funds are set out in the notes to the accounts.

2 Donations and Legacies

These arise from donations from The Friends of the Vllage Hall

3 Activities in furtherance of the charity's activities

This income is the amount received from letting the Hall premises.

4 Investment income

All investment income arises from assets held in the U.K.

Total 2020 £

1,441

Interest receivable

HUTTON RUDBY VILLAGE HALL AND RECREATION GROUND

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

5 Total resources expended

Total resources expended Charitable expenditure Unrestricted Funds Energy Costs Electricity Pellets Repairs and maintenance Sundry expenses Performing Rights Water charges Insurance Non Domestic Rates Caretaking and cleaning Erecting Marquee Postage and stationery Treasurer's honorarium Audit Fee Wif costs Premises Licence Costs Grant to Hutton Rudby Parish Council Financial Adviser's fee Depreciation	Total 2020 2028 3676
	5704 7321 115 900 1284 2554 371 8895 nil 150 150 481 180 nil 300 5269
	33674

Total resources expended
Charitable expenditure
Unrestricted Funds
Energy Costs
Electricity
Pellets
Repairs and maintenance
Sundry expenses
Performing Rights
Water charges
Insurance
Non Domestic Rates
Caretaking and cleaning
Erecting Marquee
Postage and stationery
Treasurer's honorarium
Audit Fee
Wif costs
Premises Licence Costs
Grant to Hutton Rudby Parish Council
Financial Adviser's fee
Depreciation

Total
2020
2028
3676

5704
7321
115
900
1284
2554
371
8895
nil
150
150
481
180
nil
300
5269

33674

6 Trustees

None of the trustees (or any person connected with them) received any remuneration, benefits or reinbusenent of expenses during 2020 (2019 nil)

7 Employees

Number of employee s

There were no employees during the year.

HUTTON RUDBY VILLAGE HALL AND RECREATION GROUND

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

8Tangible fxed assets Cost At 1 January 2020 At 31 December 2020 Depreciation At 1 January 2020 Depreciation charge 2020 At 31 December 2020 Net book value At 31 December 2020 At 31 December 2019	Land & Fixtures Buildings Fittings & Equipment £ £ 512,205 87,722	Land & Fixtures Buildings Fittings & Equipment £ £ 512,205 87,722
	512,205 512,205 512,205	87,722 45,612 5,269
		50,881
		36,841 42,110

9 Fixed asset investments

Cost of investment in Old Mutual Wealth fund. Current Value £121,666

Nothing is included in the accounts of any revaluation of the Funds.

10 Debtors

2020

Trade debtors

nil

2,007

Prepayments and accrued income

2,007

HUTTON RUDBY VILLAGE HALL AND RECREATION GROUND

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

11 Creditors: amounts falling due within one year

Trade Creditors Accruals	2020 £ 2424
	2424

12 Restricted funds

The income funds of the charity include restricted funds comprising the unexpended balances of donations and grants held on trust for specific purposes:

		Movement in f
Balance at	Incoming	Incoming
1 January	Resources	Resources
2020

Building fund 270,933

13 Analysis of net assets between funds

Fund balances at 31 December 2020 are represented by Tangible fxed assets Investments Debtors Bank Account Creditors: amounts falling due within one year	Unrestricted Restricted Funds funds 310,441 238,605 110,000 2,007 67,903 32,328 (2,424)
	487,927 270,933

14 Capital commitments

There were no capital commitments at 31 December 2020 (2019 nil)

HUTTON RUDBY VILLAGE HALL AND RECREATION GROUND

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

15 Reconciliation of net Movement in Funds to net Cash Flow.

Net movement in funds from trading Donations and Legacies Depreciation Capital Expenditure Investment Decrease (Increase)in Debtors Increase (Decrease) in Creditors (Decrease) in Cash Resources	2020 £ (6,485) 1,014 5,269 nil (10,000) 774 643
	(8,785)

16 Related parties

Rudby Parish Council who is a custodian trustee for the charity granted funds of £215,000 towards the building fund. The Charity is making payments toward the grant from Rudby Parish Council either by way of a grant or by assisting in the maintainance of the Village Play Park.

Nothing was granted to the Parish Council dfuring the year. The total granted so far amounts to £33,435

Total 2019 £

3,100 23,449 1,920 9,867 38,336

33,136 33,136 5,200

759,131

764,331

Total 2019 1,920

Total 2019 3,288 4,329 7,617 2,951 175 943 1,081 2,501 1,479 8,487 320 302 340 160 480 180 500 300 5,320 33,136

Total

599,927 599,927 45,612 5,269 50,881 549,046 554,315

£ 110,000

2019 £ 507 2,274 2,781

2019 £ 362 1419 1,781

funds

Balance at 31 December 2020

270,933

Total

549,046 110,000 2,007 100,231 (2,424)

758,860

2019

£ 2,100 3,100 5,320 nil (5,000) 1,063 (834)

nil

5,749