## **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|
6
## **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|
7
## **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
8
## **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|
## 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.
9
## **HUTTON RUDBY VILLAGE HALL AND RECREATION GROUND**
## _NOTES TO THE FINANCIAL STATEMENTS_
_FOR THE YEAR ENDED 31 DECEMBER 2020_
|8**Tangible 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
10
## **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)
11
## **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