CHARITY FOR RELIGIOUS AND OTHER PURPOSES (WORKING NAME: ALL SAINTS CENTRE R. CH. 262219 PORINGLAND)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CHARITY FOR RELIGIOUS AND OTHER PURPOSES (WORKING NAME: ALL SAINTS CENTRE R. CH. 262219 PORINGLAND)
INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | |
|---|---|
| Charity Information | 1 |
| Report of the Trustees | 2-3 |
| Independent Examiners Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes Forming Part of the Financial Statements | 7-10 |
CHARITY FOR RELIGIOUS AND OTHER PURPOSES (WORKING NAME: ALL SAINTS CENTRE R. CH. 262219 PORINGLAND)
CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024
TRUSTEES: Rev’d R Parsonage (Chairman) Mr B Catchpole REGISTERED CHARITY NUMBER: 262219 INDEPENDENT EXAMINER M W Lamb FCCA 105 The Street Poringland Norwich NR14 7RP BANKERS: Lloyds Group plc 16 Gentlemans Walk Norwich NR2 1LZ
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CHARITY FOR RELIGIOUS AND OTHER PURPOSES (WORKING NAME: ALL SAINTS CENTRE R. CH. 262219 PORINGLAND)
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The Trustees are pleased to present their annual report on the activities of the Charity including the financial statements for the year ended 31 December 2024.
CHARITABLE OBJECTIVE
The Charity was established by Trust Deed in 1921. The objective for which the Charity is established is the provision of facilities in the parish of Poringland, Norfolk for meetings in aid of or for benefit of any religious or charitable purpose, as a class or lecture room for religious or similar instruction, as a reading room for the inhabitants of Poringland and for any charitable work or purpose which the rector and churchwardens of Poringland may think proper.
MANAGEMENT AND ORGANISATION
The Trustees are the rector of the parish and two churchwardens.
The Trustees meet at least twice each year, but more frequently if required. All Trustees contribute to the day to day running of the Charity.
PRINCIPAL ACTIVITIES
For many years the Charity achieved its objective by leasing its land and building to the Poringland Village Hall Management Committee (PVHMC), which, in turn, made the premises available as a village hall. With effect from 30 September 2007 PVHMC terminated its lease, management of the premises reverting to this Charity. During the year to 31 December 2024 the Charity operated its facilities as a village hall for use by regular users such as the Time Childcare after school club, the Edward Bear preschool playgroup and Coffee Stop and for ad-hoc functions. This is the first year when the activities were not significantly impacted by Covid.
RESERVES POLICY
The Trustees intend to set hire rates at such a level that costs are covered, but also so that a reserve is built up over the next few years to fund maintenance of the building. Given the nature and age of the building, such costs are likely to be considerable.
FINANCIAL REVIEW
The Statement of Financial Activities is set out on page six. The General Fund is retained to generate income into the future in order to fulfil the objectives of the Charity. The net outgoing resources from the General Fund amounted to £356. At 31 December 2024 the General Fund stood at £126,914. Of this £88,990 is designated to reflect the purchase of a parcel of land in 2011, a further purchase in 2024 for £41,763 and subsequent development costs.
In 2024 a sum of £106,381 was donated to the All Saints Centre Building project by All Saints Church PCC. Since 2009, when fundraising for the Poringland Village Hall Development Fund, later to become All Saints Centre Development Fund, started, a total of £532,881 has been raised to fund construction of a new facility to be known as the All Saints Centre to replace the existing structure. A total of £132,884 has been spent in connection with that project, £75,143 land acquisition and associated fees and the balance costs connected with planning applications and initial building work. Preliminary construction work has completed the material start and applications to funders and grant making bodies are currently being formulated.
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CHARITY FOR RELIGIOUS AND OTHER PURPOSES (WORKING NAME: ALL SAINTS CENTRE R. CH. 262219 PORINGLAND)
REPORT OF THE TRUSTEES ( continued )
PROPERTY AND INVESTMENTS
The Charity retains a parcel of land on which is situated a corrugated tin building. These have been included at estimate of original value when donated of £100 (2023: £100). During 2011 an additional parcel of land was acquired at a cost of £33,380. The current value of the site is estimated to be £175,000. At 31 December 2024 the Charity held cash reserves of £401,245 (2023: £328,863), and investments with a market value of £154 (2023: £150) with CCLA Investment Management Ltd.
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
Law applicable to Charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:-
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose, with reasonable accuracy the financial position of the Charity and which enable them to ensure that the financial statements comply with applicable Charity law. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the Trustees on 29 October 2025.
Rev’d R Parsonage Trustee
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CHARITY FOR RELIGIOUS AND OTHER PURPOSES (WORKING NAME: ALL SAINTS CENTRE R. CH. 262219 PORINGLAND)
INDEPENDENT EXAMINDERS REPORT TO THE TRUSTEES OF CHARITY FOR RELIGIOUS AND OTHER PURPOSES FOR THE YEAR ENDED 31 DECEMBER 2024
I report to the Trustees on my examination of the accounts of the above Charity for the year ended 31 December 2024, which are set out on pages 5 to 10.
RESPONSIBILITIES AND BASIS OF REPORT
As the Charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
INDEPENDENT EXAMINER’S STATEMENT
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believed that in, any material respect:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did 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 requirements that the accounts give a “true and fair” view which is not a matter considered as part of any independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
M W Lamb FCCA 105 The Street Poringland Norwich NR14 7RP
Dated: 30 October 2025
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CHARITY FOR RELIGIOUS AND OTHER PURPOSES (WORKING NAME: ALL SAINTS CENTRE R. CH. 262219 PORINGLAND)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 2024 2024 2024 Permanent Unrestricted Restricted Endowment £ £ £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income Note 2 Poringland Village Hall - - - All Saints Centre - 109,110 - Activities for generating funds Note 3 Poringland Village Hall 14,798 - - All Saints Centre - - - Investment income Note 4 4 4,679 - Total incoming resources 14,802 113,889 - RESOURCES EXPENDED Charitable activities Poringland Village Hall Note 5 15,154 - - All Saints Centre Note 5 - 663 - Donations 4 - - Governance costs - - - Total resources expended 15,158 663 - Net incoming/(outgoing) resources (356) 113,126 - Other recognised gains Net gain on revaluation - - 4 Net movement in funds before transfers (356) 113,126 4 Transfers between funds - - - Net movement in funds after transfers (356) 113,126 4 Fund balances brought forward 1 January 2024 127,270 297,197 250 FUND BALANCES CARRIED FORWARD 31 DECEMBER 2024 £126,914 £410,323 £254 |
2024 Total £ - 109,110 14,798 - 4,683 128,591 15,154 663 4 - 15,821 112,770 4 112,774 - 112,774 424,717 £537,491 |
2023 Total £ - 2,635 16,200 - 2,777 21,612 11,999 7,805 4 - 19,808 1,804 12 1,816 - 1,816 422,901 £424,717 |
2023 Total £ - 2,635 16,200 - 2,777 21,612 11,999 7,805 4 - 19,808 1,804 12 1,816 - 1,816 422,901 |
2023 Total £ - 2,635 16,200 - 2,777 |
|---|---|---|---|---|
21,612 |
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CHARITY FOR RELIGIOUS AND OTHER PURPOSES (WORKING NAME: ALL SAINTS CENTRE R. CH. 262219 PORINGLAND)
BALANCE SHEET AT 31 DECEMBER 2024
| Note FIXED ASSETS Property 6a Other investments 6b Tangible fixed assets 6c CURRENT ASSETS Cash at bank and in hand Debtors Total current assets CREDITORS:amounts falling due within one year Creditors and accruals NET CURRENT ASSETS NET ASSETS FUNDS Unrestricted funds: General (free reserves) Capital (designated) Restricted fund: Site Redevelopment/All Saints Centre Permanent Endowment funds: Capital |
2024 £ 130,753 154 - 130,907 401,245 5,339 406,584 - 406,583 £537,491 37,824 88,990 410,423 254 £537,491 |
2023 £ 88,990 150 - 89,140 328,863 6,714 406,684 - 335,577 £424,717 |
2023 £ 88,990 150 - 89,140 328,863 6,714 406,684 - 335,577 |
|---|---|---|---|
| 38,280 88,990 297,197 250 £424,717 |
The financial statements were approved by the Trustees on 30 October 2025.
Rev’d R Parsonage Trustee
Mr B Catchpole
Trustee
The notes on pages 8 to 11 form part of these financial statements
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CHARITY FOR RELIGIOUS AND OTHER PURPOSES (WORKING NAME: ALL SAINTS CENTRE R. CH. 262219 PORINGLAND)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1 ACCOUNTING POLICIES
The principal accounting policies are set out below.
Accounting Convention
The financial statements are prepared under the historical cost convention, with the exception of property and investments, which are stated at market value, and are in accordance with applicable accounting standards. The financial statements also comply with the Statement of Recommended Practice 2005 – “Accounting by Charities”.
Income
Income is accounted for on an accruals basis.
Expenditure
Expenditure is accounted for on an accruals basis.
Investments
Investments are stated at market value.
Tangible Fixed Assets
Depreciation is provided at the following rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost
Land and buildings are included at market value
Fund Accounting
Unrestricted funds are those for use in furtherance of the Charity’s objectives where that use is at the discretion of the trustees. Permanent endowment funds represent property of the Charity, which may not be spent as if it were income. This is held permanently to produce income for the Charity. Restricted funds are those where the donor has specified for the purpose for which the donation should be used.
Taxation
The Charity is not liable for assessment to tax on its results.
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CHARITY FOR RELIGIOUS AND OTHER PURPOSES (WORKING NAME: ALL SAINTS CENTRE R. CH. 262219 PORINGLAND)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ( continued )
2 VOLUNTARY INCOME
| Poringland Village Hall Donations Other All Saints Centre Donations Regular giving Coffee Stop Can’t Sing Won’t Sing Edward Bear Other Funds from Bixley PCC donated by Poringland PCC Total 3 ACTIVITIES FOR GENERATING FUNDS Poringland Village Hall Hall hire All Saints Centre Fundraising events: Various Edward Bear Curry Evening Railway Society Total 4 INVESTMENT INCOME Bank interest (All Saints Centre) Dividends (Poringland Village Hall) |
2024 £ - 560 1,338 295 180 356 106,381 109,110 2024 £ 14,798 14,798 - - - - - 14,798 4,679 4 4,683 |
2024 £ - 560 1,338 295 180 356 106,381 109,110 2024 £ 14,798 14,798 - - - - - 14,798 4,679 4 4,683 |
2023 £ - 600 1,060 - 280 695 - 2,635 2023 £ 16,200 16,200 |
2023 £ - 600 1,060 - 280 695 - 2,635 |
|---|---|---|---|---|
- - - - - 16,200 |
||||
2,773 4 2,777 |
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CHARITY FOR RELIGIOUS AND OTHER PURPOSES (WORKING NAME: ALL SAINTS CENTRE R. CH. 262219 PORINGLAND)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ( continued )
| 5 HALL RUNNING COSTS Poringland Village Hall Caretaking costs Insurance Repairs and renewals Light and heat Water rates Refuse Disposal Other expenses All Saints Centre Professional fees Total 6 FIXED ASSETS a) Property Cost at 1 January 2024 Addition Cost at 31 December 2024 |
2024 2023 £ £ 1,647 1,016 633 620 4,854 2,261 6,460 6,713 740 676 762 713 58 108 15,154 11,999 663 7,805 663 7,805 15,817 19,804 Total Assets in the course of construction £ 88,990 41,763 130,753 |
2023 £ 1,016 620 2,261 6,713 676 713 108 11,999 |
2023 £ 1,016 620 2,261 6,713 676 713 108 11,999 |
|---|---|---|---|
7,805 7,805 19,804 |
7,805 7,805 |
Property is included at the value attributed to the land when donated plus subsequent acquisition cost. Its current market value is estimated to be £135,000. No value is attributed to the building due to its nature and condition.
b) Other Investments
| b) Other Investments |
|
|---|---|
| COIF Charities | |
| Investment Fund | |
| £ | |
| Market value at 1 January 2024 | 150 |
| Revaluation | 4 |
| Market value at 31 December 2024 | 154 |
| Historical cost | 50 |
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CHARITY FOR RELIGIOUS AND OTHER PURPOSES (WORKING NAME: ALL SAINTS CENTRE R. CH. 262219 PORINGLAND)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 ( continued )
| c) Tangible Fixed Assets |
Fixtures and | Fittings | |||
|---|---|---|---|---|---|
| £ | |||||
| Cost | |||||
| At 1 January 2024 and 31 December | 2024 | 5,945 | |||
| Depreciation | |||||
| At 1 January 2024 and 31 December | 2024 | 5,945 | |||
| Net Book Value | |||||
| 2024 | - | ||||
| 2023 | - | ||||
| NET ASSETS | |||||
| Tangible | Net |
||||
| Investment | Other |
Fixed | Current |
||
| Property | Investments | Assets | Assets |
Total | |
| £ | £ |
£ | £ |
£ | |
| Unrestricted: | |||||
| General | - | - |
- | (3,939) |
(3,939) |
| Capital (Designated) | 130,753 | - |
- | - |
130,753 |
| Restricted: | |||||
| Site Development Fund | - | - |
- | 410,423 |
410,423 |
| Permanent Endowment: | |||||
| Capital Fund | 100 | 154 |
- | - | 254 |
| £130,853 | £154 |
£- | £406,484 | £537,491 |
7 NET ASSETS
The Site Development Fund is established to finance redevelopment of the site. The designated Capital Fund reflects the acquisition of land associated with that redevelopment and subsequent development costs.
6 TRANSACTIONS WITH TRUSTEES
No Trustee or connected person received any remuneration or reimbursement of expenses.
7 EMPLOYEES
The Charity had no employees during the year.
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