CHEDZOY VILLAGE HALL Registered Charity Number 263275 The Village Hall Front Street Chedzoy Bridgwater Somerset TA7 8RE www.chedzoyvillagehall.co.uk
The trustees present their report and financial statements for the year ended 31 December 2021. The financial statements have been prepared in accordance with charities legislation as consolidated by the Charities Act 2011, the charity's governing document and the Charities Statement of recommended Practice (FRS102) - Accounting and Reporting by Charities. The trustees consider that an audit of the report and financial statements is not required but an independent examination is required this year to fulfill the filing requirements of the Act.
Reference and administrative details of the Charity, its Trustees and Advisors
The registered name of the Charity is Chedzoy Village Hall. The names of the Trustees who served during the year are as follows:
Mrs C Edmunds (Treasurer) Mrs V Fry Mrs A Triggol (Secretary - resigned 15 September 2021) S Maxwell M Chandler (Chaiman) Mrs P Lennard Mrs K Maxwell Mr R Young Mr R Harmes Mrs J Smith (Secretary - appointed 15 September 2021) Mrs S Howes Mrs E Triggol Mrs K Bennett Ms S Speed Mrs C Cowlin Mrs M Dethier
Structure, Governance and Management
The Charity’s governing document is the Trust Deed dated 23 March 1972. The management of the Hall and its associated property was thereby vested in the committee of management which is the Trustees of the Charity. The committee consists of fifteen persons; seven elected members and eight representative members. Apart from casual vacancies, the Elected Members are appointed at each Annual General Meeting. A maximum of two representatives from village organisations may serve. Names of people wishing to become representative members should be advised to the Secretary prior to each AGM.
Any member who is adjudged bankrupt or makes a composition arrangement with his creditors or who is incapacitated from acting or who communicates in writing to the committee a wish to resign shall thereupon cease to be a member.
Continued….
2
CHEDZOY VILLAGE HALL Registered Charity Number 263275 The Village Hall Front Street Chedzoy Bridgwater Somerset TA7 8RE www.chedzoyvillagehall.co.uk
All the members retire from office together at the end of the AGM next after the date on which they
The Trustees give their time freely and receive no remuneration or other financial benefit.
The land and buildings is vested in the Official Custodian for Charities and held in trust for the charity. The charity trustees keep all the powers and duties of management and have engaged professional legal and investment advice as necessary for the proper protection of the assets.
Objectives and Activities
How our activities deliver public benefit
In planning the provision of facilities the trustees have kept in mind the Charity Commission’s guidance on public benefit. The trustees consider that the activities, summarised below, provide benefit to the village of Chedzoy and the wider community and comply with the duty in section 17(5) of the Charities Act 2011.
The object of the charity is the provision and maintenance of the village hall for the use of the inhabitants of the Parish of Chedzoy without distinction of political, religious or other opinions, including use for meetings, lectures and classes, and for other forms of recreation and leisure-time occupation, with the object of improving the conditions of life for the said inhabitants.
The Hall, the field and the facilities and equipment is also available for private hire and is an ideal venue for meetings and conferences, birthday parties and catered functions, funeral, christening and wedding receptions.
Achievements and Performance
During the year the Hall was closed for a period of several months to comply with Coronavirus restrictions. Indoor exercise classes resumed in May 2021, Coffee Mornings in June and a very successful Party in the Park was held in July with a charity Afternoon Tea on the same day for Breast Cancer Now. As a registered business address the Village Hall was able to access Government support schemes for hospitality venues. Pop In for a Pint restarted in August 2021 after the lockdown. An outbreak of Covid-19 forced the cancellation of public events in October but Mary Poppins Sing-a-long, Christmas and New Year gatherings were able to go ahead .The general amenity, facility and subsidy of enterprises provided an opportunity for all members of the community to benefit from the Revd Mullins’ gift.
Private Hire included use a venue for club meetings, conferences and lectures, parties, wedding and christening receptions and a variety of weekly dancing and exercise classes – some have come and gone in the year but we now have an established craft group and the Hall continues to be the venue for public meetings and the village Polling Station. There is an enduring events and alcohol licence in place which hirers can make use of. Events catering for up to 100 can be held.
Continued ….
3
CHEDZOY VILLAGE HALL Registered Charity Number 263275 The Village Hall Front Street Chedzoy Bridgwater Somerset TA7 8RE www.chedzoyvillagehall.co.uk
Financial Review
Principal funding sources
The principle source of income in 2021 was Government Coronavirus support (£16,335). Going forward dividend income will be the main source. The market value of the investment portfolio at the end of the year was £277,608 - a small increase in value compared to the previous year end, £265,208. The portfolio returned 8.61% in the year, net of investment management fees, which were £2,912 (2020 £3,411). Yearly revaluations are accounted for in the Statement of Financial Activities under Endowment Fund.
The portfolio of investments is actively managed by Redmayne Bentley to maximize income generation within a cautious risk profile. Management fees - £2,912 - were charged against realised investment gains.
The residuary estate of Mr Sydney Mason Collins which comprises the SM Collins Will Trust has been accounted for at the balance sheet date. The trustees are insured against any legal challenge to entitlement. Mr Collins’ wish was that the fund should provide and maintain a village hall for Chedzoy. The value of the gift was £396,134. Dividend income generated in the year was £10,120 (2020 £8,133).
Income from private hire increased by £771 to £2,433 compared to 2020. The grant receipts of the last two years have returned the unrestricted fund to a surplus. The depreciation of fixed assets has been charged to the endowment fund.
Reserves policy
The objects of the charity and the SM Collins Will Trust are the provision of the facilities of the Hall. Trustees may at any time use the restricted income fund to enhance or repair or replace any of those facilities in the manner set out under Mr Collins’ Will and may further use the funds in other charitable work as they see fit. The value for insurance purposes of the Hall’s equipment is approximately £5,000. In calculating the value of the free reserves the trustees have deducted from the total of funds the value of interests in freehold and listed investments. The charity’s cash reserves were £89,753 at the year end.
Approval
M Chandler - Chairman
C Edmunds - Treasurer
…………….…2022
4
Chedzoy Village Hall Statement of Financial Activities For the Year Ended 31 December 2021 Registered Charity Number 263275
| Unrestricted | **Restricted ** | Endowment | 2021 | 2020 | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Total | Total | ||
| Notes | £ | £ | £ | £ | £ | |
| Income and endowments from: | ||||||
| Donations and legacies | 7 | 16,503 | - | 16,503 | 11,502 | |
| Charitable activities | 9 | 2,433 | - | - | 2,433 | 1,727 |
| Other trading activities | - | - | - | - | - | |
| Investments | 8 | - | 10,120 | - | 10,120 | 11,544 |
| Other | 11 | - | - | - | - | - |
| Total | 18,936 | 10,120 | - | 29,056 | 24,773 | |
| Expenditure on | ||||||
| Raising funds | 10 | - | 2,912 | - | 2,912 | 3,411 |
| Charitable activities | 9 | 5,218 | 4,542 | 1,980 | 11,740 | 18,072 |
| Other | 12 | 3,066 | - | - | 3,066 | 5 |
| Total | 8,284 | 7,454 | 1,980 | 17,718 | 21,488 | |
| Net gain/(losses) on investments | - | 2,912 | 12,404 | 15,316 | 10,992 | |
| Net income/(expenditure) | 10,652 | 5,578 | 10,424 | 26,654 | 14277 | |
| Transfers between funds | ||||||
| Other recognised gains/(losses) | - | - | - | - | - | |
| Gains/(losses) on revaluation of fixed | assets | - | - | - | - | - |
| Other gains/(losses) | - | - | - | - | - | |
| Net movement in funds | 10,652 | 5,578 | 10,424 | 26,654 | 14,277 | |
| Reconciliation of funds | ||||||
| Total funds brought forward | 4,756 | 30,158 | 421,013 | 455,927 | 441,650 | |
| Total funds carried forward | 15,408 | 35,736 | 431,437 | 482,581 | 455,927 |
All amounts are derived from continuing activities All gains and losses recognised in the year are included in the Statement of Financial Activities
CHEDZOY VILLAGE HALL
5
BALANCE SHEET AS AT 31 DECEMBER 2021
| Note 2021 £ £ Fixed assets: Tangible assets: 13 Interest in freehold property 109,280 Fixtures fittings and equipment 5,940 Total fixed assets 115,220 Current assets: Debtors: Trade debtors 50 Prepayments 449 499 Investments: 14 Listed investments 255,335 Cash or settlements pending as part of investment portfolio 22,273 277,608 Cash at bank and in hand: Treasurers account 35,202 90-day notice account 53,843 Cash 259 89,304 Total current assets 367,411 Liabilities: Creditors: Amounts falling due within one year Trade creditors 50 Other creditors and accruals - 50 Net current assets 367,361 Total net assets 15 482,581 Funds of the charity: 5 Endowment funds 431,437 Restricted income funds 35,736 Unrestricted funds 15,408 Total charity funds 482,581 |
2020 £ £ 109,280 7,920 117,200 66 637 703 228,382 36,822 265,204 19,297 53,817 16 73,130 339,037 310 - 310 338,727 455,927 421,013 30,158 4,756 455,927 |
2020 £ £ 109,280 7,920 117,200 66 637 703 228,382 36,822 265,204 19,297 53,817 16 73,130 339,037 310 - 310 338,727 455,927 421,013 30,158 4,756 455,927 |
|---|---|---|
| 117,200 | ||
| 703 265,204 73,130 |
||
| 339,037 | ||
| 310 | ||
| 338,727 | ||
| 455,927 | ||
| 421,013 30,158 4,756 |
||
| 455,927 |
Mr M Chandler Chair
For and on behalf of the Executive Committee
Date:
6
Chedzoy Village Hall Registered Charity Number 263275 Notes to the Financial Statements For the Year Ended 31 December 2021
1. Accounting Policies - Basis of preparation and assessment of going concern
The financial statements have been prepared under the hisoric cost convention (except that investments are shown at market value)and in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, Update Bulletin 1, and the Charities Act 2011.
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
2. Income recognition
Voluntary income is only included in the Statement of Financial Activities when the charity has unconditional entitlement to the resources
Investment gains and losses includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Portfolio income is included in the accounts on a receivable basis.
3. Expenditure Recognition
Charitable Expenditure is accounted for on an accruals basis and includes all expenditure directly related to the objects of the charity and comprises the following:
-
Heating and lighting, cleaning, maintenance and general upkeep of the Hall building and field and periodic upgrading of general facilities,
-
Payments in respect of administration of bookings and proper licencing of events and insurance, including hirers’ liability, and compliance costs for safety aspects.
There were no management or administration costs relation to the management of the Hall and all facilities donated by the Trustees for use of telephone, internet, stationery and power were not reimbursed.
4. Assets
Tangible fixed assets for use by the charity are capitalised where they provide additional facilities in furthering the charity’s objects.
Investments quoted on a recognised stock exchange are at market value at the year end .
5. Funds structure
The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in the furtherance of the objects of the charity. There is no formal policy on the allocation of costs to designated funds and any allocation to or transfer between funds is considered on the particular circumstances.
The Endowment Fund is the charity’s distribution from the estate of Sydney Mason Collins as valued at the Balance Sheet date. Depreciation is provided at a rate of 25% on the reducing balance of Fixtures, Fittings and Equipment. The trustees consider that the carrying value of improvements to Freehold Property is unchanged due to the high standard of maintenance. The Restricted Income Fund is investment income arising thereon for use in accordance with the same terms which are aligned with the objects of the charity. Net assets of funds are as shown on the Balance Sheet.
6. Taxation
As a registered charity Chedzoy Village Hall is exempt from income and corporation tax. Value Added Tax where applicable is not recoverable and is therefore included in the relevant costs in the accounts.
Continued…..
Chedzoy Village Hall Registered Charity Number 263275 Notes to the Financial Statements For the Year Ended 31 December 2021
7
| Note 7 Donations and legacies Chedzoy Parish Council amenity grant Coronavirus support grant 8 Investments Interest on cash deposits Portfolio income 9 Charitable activities Hall hire Electric meter money Expenditure on charitable activities Depreciation of fixed assets Write off of audio equipment Cleaning and consumables Repairs and maintenance Heat and light Water rates Performing Right Society fee Extinguishers check and fire risk report TV and video licencing Bar and entertainment licence Insurance SM Collins replacement statue Design fee for patio shelter Charitable donations Defibilator maintenance Grass cutting 10 Expenditure on: Raising funds Portfolio management fee Other investment admin costs 11 Other income: WPD wayleave Flower Show entries etc Other expenditure: Website expenses Stationery and office costs Refurbishment and replacements 12 Party expenditure 12 Refurbishment and replacements Kettle Electrical works |
Unrestricted Restricted Endowment 2021 2020 £ £ £ £ £ 168 - - 168 168 16,335 - - 16,335 11,334 |
|---|---|
| 16,503 - - 16,503 11,502 |
|
| - 27 - 27 101 - 10,093 - 10,093 11,443 |
|
| - 10,120 - 10,120 11,544 |
|
| 2,433 - - 2,433 1,662 - - - - 65 |
|
| 2433 2,433 1,727 |
|
| - - 1,980 1,980 2,640 - - - - 379 728 - - 728 753 253 811 - 1,064 90 2,736 - - 2,736 2,811 - - - - - 125 - - 125 125 59 - - 59 317 - 204 - 204 352 70 - - 70 70 437 - - 437 429 - - 7,281 810 810 - - 3,000 3,000 2,510 162 162 - 365 365 315 |
|
| 5,218 4,542 1,980 11,740 18,072 |
|
| - 2,912 2,912 3,410 - - - - 1 |
|
| - 2,912 - 2,912 3,411 |
|
| - - - - - - - - - - |
|
| - - - - - |
|
| 110 - - 110 - 1 - - 1 5 2,432 - - 2,432 - 523 - 523 - |
|
| 3,066 - - 3,066 5 |
|
| 20 - 20 2,412 - - 2,412 - |
|
| 2,432 - - 2,432 - |
Chedzoy Village Hall Registered Charity Number 263275 Notes to the Financial Statements For the Year Ended 31 December 2021
8
13 Fixed Assets
| Cost or valuation At beginning of the year Additions Disposals Revaluations Transfers At end of the year At beginning of the year Disposals Depreciation Impairment Transfers At end of the year Net book value at beginning of the year Net book value at end of the year Depreciation and impairments |
Interest in Freehold Property Fixtures, fittings and equipment Total £ £ £ 109,280 34,687 143,967 - - - - - - - - - - - - |
|---|---|
| 109,280 34,687 143,967 | |
| - 26,767 26,767 - - - - 1,980 1,980 - - - - - - |
|
| - 28,747 28,747 | |
| 109,280 7,920 117,200 | |
| 109,280 5,940 115,220 |
Depreciation is charged at 25% pa on the reducing balance basis on the charity's kitchen audio and lighting equipment
| 14 Investments Carrying (market) value at beginning of the year Add: additions to investments at cost Less: disposals at carrying value Less: management fees defrayed Add: net gain on revaluation Carrying (market) value at end of year |
£ 265,204 34,032 20,108 2,912 1,392 |
|---|---|
| 277,608 |
| Analysis of investments Investments listed on a recognised stock exchange or held in common investment funds, open ended investment companies, unit trusts or other collective investment schemes Cash held as part of the portfolio Material investment holdings - more than 5% of investments' market value Ninety One Fund Managers UK Ltd Investec Diversified Income 12 Income Units Scottish Mortgage Inv Trust ord 5p |
Market value at year end £ £ 255,335 10,120 22,273 - 277,608 10,120 £19,803 £16,050 Income from investments for the year |
|---|---|
Continued….
9
| 15 Net Assets Fixed Assets Debtors Investments Cash at bank and in hand Creditors |
Unrestrict Restricted Endowment 2021 2020 -ed Funds Funds Funds £ £ £ £ £ 470 2,063 112,687 115,220 117,200 499 - - 499 703 - - 277,608 277,608 265,204 14,489 33,673 41,142 89,304 73,130 -50 - - -50 -310 |
|---|---|
| 15,408 35,736 431,437 482,581 455,927 |
CHEDZOY VILLAGE HALL Registered Charity Number 263275 www.chedzoyvillagehall.co.uk
Charities Statement of recommended Practice (FRS102) - Accounting and Reporting by Charities report and financial
Reference and administrative details of the Charity, its Trustees and Advisors
Mrs C Edmunds (Treasurer) Mrs V Fry Mrs A Triggol (Secretary - resigned 15 September 2021) S Maxwell M Chandler (Chaiman) Mrs P Lennard Mrs K Maxwell Mr R Young Mr R Harmes Mrs J Smith (Secretary - appointed 15 September 2021) Mrs S Howes Mrs E Triggol Mrs K Bennett Ms S Speed Mrs C Cowlin Mrs M Dethier
Structure, Governance and Management
The Charity’s governing document is the Trust Deed dated 23 March 1972. The managemen thereby vested in the committee of management which is the Trustees of the Charity. The comm members and eight representative members. Apart from casual vacancies, the Elected Mem Meeting. A maximum of two representatives from village organisations may serve. Names members should be advised to the Secretary prior to each AGM.
CHEDZOY VILLAGE HALL Registered Charity Number 263275 The Village Hall Front Street Chedzoy Bridgwater Somerset TA7 www.chedzoyvillagehall.co.uk
g
which they
The Trustees give their time freely and receive no remuneration or other financial benefit
The land and buildings is vested in the Official Custodian for Charities an for the charity. The charity trustees keep all the powers and duties of ma have engaged professional legal and investment advice as necessary for protection of the assets.
Objectives and Activities
How our activities deliver public benefit
In planning the provision of facilities the trustees have kept in mind the C Commission’s guidance on public benefit. The trustees consider that the summarised below, provide benefit to the village of Chedzoy and the wid and comply with the duty in section 17(5) of the Charities Act 2011.
The object of the charity is the provision and maintenance of the village the inhabitants of the Parish of Chedzoy without distinction of political, r opinions, including use for meetings, lectures and classes, and for other recreation and leisure-time occupation, with the object of improving the for the said inhabitants.
The Hall, the field and the facilities and equipment is also available for p an ideal venue for meetings and conferences, birthday parties and catere funeral, christening and wedding receptions.
Achievements and Performance
During the year the Hall was closed for a period of several months to com Coronavirus restrictions. Indoor exercise classes resumed in May 2021, in June and a very successful Party in the Park was held in July with a ch Tea on the same day for Breast Cancer Now. As a registered business ad Hall was able to access Government support schemes for hospitality ven Pint restarted in August 2021 after the lockdown. An outbreak of Covidcancellation of public events in October but Mary Poppins Sing-a-long, C New Year gatherings were able to go ahead .The general amenity, facility enterprises provided an opportunity for all members of the community to Revd Mullins’ gift.
Private Hire included use a venue for club meetings, conferences and lec wedding and christening receptions and a variety of weekly dancing and – some have come and gone in the year but we now have an established the Hall continues to be the venue for public meetings and the village Po There is an enduring events and alcohol licence in place which hirers can Events catering for up to 100 can be held.
2
7 8RE
r
nd held in trust anagement and the proper
Charity e activities, der community
hall for the use of religious or other forms of conditions of life
private hire and is ed functions,
mply with Coffee Mornings harity Afternoon ddress the Village nues. Pop In for a -19 forced the Christmas and y and subsidy of o benefit from the
ctures, parties, d exercise classes craft group and olling Station. n make use of.
Continued ….
CHEDZOY VILLAGE HALL Registered Charity Number 263275 The Village Hall Front Street Chedzoy Bridgwater Somerset TA www.chedzoyvillagehall.co.uk
Financial Review
Principal funding sources
The principle source of income in 2021 was Government Coronavirus support (£ forward dividend income will be the main source. The market value of the inves the end of the year was £277,608 - a small increase in value compared to the pre £265,208. The portfolio returned 8.61% in the year, net of investment managem were £2,912 (2020 £3,411). Yearly revaluations are accounted for in the Statem Activities under Endowment Fund.
p y g y y y generation within a cautious risk profile. Management fees - £2,912 - were charg realised investment gains.
The residuary estate of Mr Sydney Mason Collins which comprises the SM Collin been accounted for at the balance sheet date. The trustees are insured against a challenge to entitlement. Mr Collins’ wish was that the fund should provide and village hall for Chedzoy. The value of the gift was £396,134. Dividend income ge year was £10,120 (2020 £8,133).
Income from private hire increased by £771 to £2,433 compared to 2020. The gr the last two years have returned the unrestricted fund to a surplus. The deprecia assets has been charged to the endowment fund.
Reserves policy
The objects of the charity and the SM Collins Will Trust are the provision of the f Hall. Trustees may at any time use the restricted income fund to enhance or rep any of those facilities in the manner set out under Mr Collins’ Will and may furth in other charitable work as they see fit. The value for insurance purposes of the is approximately £5,000. In calculating the value of the free reserves the trustee from the total of funds the value of interests in freehold and listed investments. cash reserves were £89,753 at the year end.
Approval
M Chandler - Chairman
C Edmunds - Treasurer
…………….…2022
3
A7 8RE
16,335). Going tment portfolio at evious year end, ment fees, which ent of Financial
ged against
ns Will Trust has any legal maintain a enerated in the
rant receipts of ation of fixed
facilities of the pair or replace her use the funds Hall’s equipment es have deducted The charity’s
Chedzoy Village Hall Statement of Financial Activities For the Year Ended 31 December 2021 Registered Charity Number 263275
| Unrestricted | **Restricted ** | Endowment | ||
|---|---|---|---|---|
| Funds | Funds | Funds | ||
| Notes | £ | £ | £ | |
| Income and endowments from: | ||||
| Donations and legacies | 7 | 16,503 | - | |
| Charitable activities | 9 | 2,433 | - | - |
| Other trading activities | - | - | - | |
| Investments | 8 | - | 10,120 | - |
| Other | 11 | - | - | - |
| Total | 18,936 | 10,120 | - | |
| Expenditure on | ||||
| Raising funds | 10 | - | 2,912 | - |
| Charitable activities | 9 | 5,218 | 4,542 | 1,980 |
| Other | 12 | 3,066 | - | - |
| Total | 8,284 | 7,454 | 1,980 | |
| Net gain/(losses) on investments | - | 2,912 | 12,404 | |
| Net income/(expenditure) | 10,652 | 5,578 | 10,424 | |
| Transfers between funds | ||||
| Other recognised gains/(losses) | - | - | - | |
| Gains/(losses) on revaluation of fxed assets | - | - | - | |
| Other gains/(losses) | - | - | - | |
| Net movement in funds | 10,652 | 5,578 | 10,424 | |
| Reconciliation of funds | ||||
| Total funds brought forward | 4,756 | 30,158 | 421,013 | |
| Total funds carried forward | 15,408 | 35,736 | 431,437 |
All amounts are derived from continuing activities
All gains and losses recognised in the year are included in the Statement of Financial Activities
4
| 2021 | 2020 |
|---|---|
| Total | Total |
| £ | £ |
| 16,503 | 11,502 |
| 2,433 | 1,727 |
| - | - |
| 10,120 | 11,544 |
| - | - |
| 29,056 | 24,773 |
| 2,912 | 3,411 |
| 11,740 | 18,072 |
| 3,066 | 5 |
| 17,718 | 21,488 |
| 15,316 | 10,992 |
| 26,654 | 14277 |
| - | - |
| - | - |
| - | - |
| 26,654 | 14,277 |
| 455,927 | 441,650 |
| 482,581 | 455,927 |
CHEDZOY VILLAGE HALL BALANCE SHEET AS AT 31 DECEMBER 2021
| Note 2021 £ £ Fixed assets: Tangible assets: 13 Interest in freehold property 109,280 Fixtures fttings and equipment 5,940 Total fxed assets 115,220 Current assets: Debtors: Trade debtors 50 Prepayments 449 499 Investments: 14 Listed investments 255,335 Cash or settlements pending as part of investment portfolio 22,273 277,608 Cash at bank and in hand: Treasurers account 35,202 90-day notice account 53,843 Cash 259 89,304 Total current assets 367,411 Liabilities: Creditors: Amounts falling due within one year Trade creditors 50 Other creditors and accruals - 50 Net current assets 367,361 Total net assets 15 482,581 Funds of the charity: 5 Endowment funds 431,437 Restricted income funds 35,736 Unrestricted funds 15,408 Total charity funds 482,581 |
2 £ 66 637 |
|---|---|
| 228,382 36,822 |
|
| 19,297 53,817 16 |
|
| 310 - |
|
Mr M Chandler Chair
For and on behalf of the Executive Committee
Date:
5
2020
£
109,280 7,920 117,200
703 265,204 73,130 339,037
310 338,727 455,927
421,013 30,158 4,756 455,927
Chedzoy Village Hall Registered Charity Number 263275
Notes to the Financial Statements For the Year Ended 31 December 2021
1. Accounting Policies - Basis of preparation and assessment of going con The financial statements have been prepared under the hisoric cost convention (
are shown at market value)and in accordance with the Statement of Recommend and Reporting by Charities preparing accounts in accordance with the Financial applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, U Charities Act 2011.
The trustees consider that there are no material uncertainties about the charity’
2. Income recognition
Voluntary income is only included in the Statement of Financial Activities when t unconditional entitlement to the resources
Investment gains and losses includes any gain or loss on the sale of investments loss resulting from revaluing investments to market value at the end of the year. is included in the accounts on a receivable basis.
3. Expenditure Recognition
Charitable Expenditure is accounted for on an accruals basis and includes all exp directly related to the objects of the charity and comprises the following:
-
Heating and lighting, cleaning, maintenance and general upkeep of th and field and periodic upgrading of general facilities,
-
Payments in respect of administration of bookings and proper licencin insurance, including hirers’ liability, and compliance costs for safety asp
There were no management or administration costs relation to the management all facilities donated by the Trustees for use of telephone, internet, stationery an not reimbursed
4. Assets
Tangible fixed assets for use by the charity are capitalised where they provide ad facilities in furthering the charity’s objects.
Investments quoted on a recognised stock exchange are at market value at the y
5. Funds structure
The charity maintains a general unrestricted fund which represents funds which at the discretion of the trustees in the furtherance of the objects of the charity. T formal policy on the allocation of costs to designated funds and any allocation to between funds is considered on the particular circumstances
The Endowment Fund is the charity’s distribution from the estate of Sydney Mas valued at the Balance Sheet date. Depreciation is provided at a rate of 25% on t balance of Fixtures, Fittings and Equipment. The trustees consider that the carr improvements to Freehold Property is unchanged due to the high standard of ma Restricted Income Fund is investment income arising thereon for use in accorda same terms which are aligned with the objects of the charity. Net assets of fund on the Balance Sheet.
6. Taxation
As a registered charity Chedzoy Village Hall is exempt from income and corpora where applicable is not recoverable and is therefore included in the relevant cos
6
1
(except that investments ncern ded Practice: Accounting Reporting Standard Update Bulletin 1, and the
s ability to continue as a going concern.
the charity has
and any gain or Portfolio income
penditure
he Hall building
ng of events and pects.
of the Hall and nd power were
dditional
year end.
h are expendable There is no or transfer
son Collins as the reducing rying value of aintenance. The nce with the s are as shown
tion tax. Value Added Tax sts in the accounts.
Continued…..
Chedzoy Village Hall Registered Charity Number 263275 Notes to the Financial Statements For the Year Ended 31 December 2021
| Note 7 Donations and legacies Chedzoy Parish Council amenity grant Coronavirus support grant 8 Investments Interest on cash deposits Portfolio income 9 Charitable activities Hall hire Electric meter money Expenditure on charitable activities Depreciation of fxed assets Write of of audio equipment Cleaning and consumables Repairs and maintenance Heat and light Water rates Performing Right Society fee Extinguishers check and fre risk report TV and video licencing Bar and entertainment licence Insurance SM Collins replacement statue Design fee for patio shelter Charitable donations Defbilator maintenance Grass cutting 10 Expenditure on: Raising funds Portfolio management fee Other investment admin costs 11 Other income: WPD wayleave Flower Show entries etc |
Unrestricted Restricted £ £ 168 - 16,335 - |
|---|---|
| 16,503 - | |
| - 27 - 10,093 |
|
| - 10,120 |
|
| 2,433 - - - |
|
| 2433 | |
| - - - - 728 - 253 811 2,736 - - - 125 - 59 - - 204 70 - 437 - - 810 - 3,000 162 365 |
|
| 5,218 4,542 | |
| - 2,912 - - |
|
| - 2,912 | |
| - - - - |
|
| - - |
| Other expenditure: Website expenses Stationery and ofice costs Refurbishment and replacements 12 Party expenditure 12 Refurbishment and replacements Kettle Electrical works |
110 - 1 - 2,432 - 523 - |
|---|---|
| 3,066 - | |
| 20 2,412 - |
|
| 2,432 - |
7
| Endowment | 2021 | 2020 |
|---|---|---|
| £ | £ | £ |
| - | 168 | 168 |
| - | 16,335 | 11,334 |
| - | 16,503 | 11,502 |
| - | 27 | 101 |
| - | 10,093 | 11,443 |
| - | 10,120 | 11,544 |
| - | 2,433 | 1,662 |
| - | - | 65 |
| 2,433 | 1,727 | |
| 1,980 | 1,980 | 2,640 |
| - | - | 379 |
| - | 728 | 753 |
| - | 1,064 | 90 |
| - | 2,736 | 2,811 |
| - | - | - |
| - | 125 | 125 |
| - | 59 | 317 |
| - | 204 | 352 |
| - | 70 | 70 |
| - | 437 | 429 |
| - | 7,281 | |
| 810 | - | |
| 3,000 | 2,510 | |
| 162 | - | |
| 365 | 315 | |
| 1,980 | 11,740 | 18,072 |
| 2,912 | 3,410 | |
| - | - | 1 |
| - | 2,912 | 3,411 |
| - | - | - |
| - | - | - |
| - | - | - |
- 110 - - 1 5 - 2,432 - 523 - - 3,066 5 - 20 - 2,412 - - 2,432 -
Chedzoy Village Hall Registered Charity Number 263275 Notes to the Financial Statements For the Year Ended 31 December 2021
| 13 Fixed Assets Cost or valuation At beginning of the year Additions Disposals Revaluations Transfers At end of the year Depreciation and impairments At beginning of the year Disposals Depreciation Impairment Transfers At end of the year Net book value at beginning of the year Net book value at end of the year Depreciation is charged at 25% pa on the reducing 14 Investments Carrying (market) value at beginning of the year Add: additions to investments at cost Less: disposals at carrying value Less: management fees defrayed Add: net gain on revaluation Carrying (market) value at end of year |
£ £ 109,280 34,687 - - - - - - - - 109,280 34,687 - 26,767 - - - 1,980 - - - - - 28,747 109,280 7,920 109,280 5,940 balance basis on the charity's £ 265,204 34,032 20,108 2,912 1,392 277,608 Interest in Freehold Property Fixtures, fttings and equipment |
|---|---|
Analysis of investments
Investments listed on a recognised stock exchange or held in common investment funds, open ended investment companies, unit trusts or other collective investment schemes Cash held as part of the portfolio
Material investment holdings - more than 5% of investments' market value Ninety One Fund Managers UK Ltd Investec Diversified Income 12 Income Units Scottish Mortgage Inv Trust ord 5p
| 15 Net Assets Fixed Assets Debtors Investments Cash at bank and in hand Creditors |
Unrestrict Restricted Endowment -ed Funds Funds Funds £ £ £ 470 2,063 112,687 499 - - - - 277,608 14,489 33,673 41,142 -50 - - |
|---|---|
| 15,408 35,736 431,437 |
8
Total £
143,967 - - - - 143,967
26,767 - 1,980 - - 28,747
117,200 115,220
s kitchen audio and lighting equipment
Income from Market value investments for the at year end year £ £ 255,335 10,120 22,273 -
277.608 10.120 £19.803 £16.050 Continued....
9
| 2021 | 2020 |
|---|---|
| £ | £ |
| 115,220 | 117,200 |
| 499 | 703 |
| 277,608 | 265,204 |
| 89,304 | 73,130 |
| -50 | -310 |
| 482,581 | 455,927 |
Independent Examinerfs Ret to the Trustees of Ch1ZoY Willage Hall- Chaiity WiSted with the Charity Commission- Number 263275 I report to the trustees (fft my examinalion of the accounts of adZOY Village Hall for the year ended 31 December 2021 whith a set on the accompanying nine pages. As the charivs trustees you are resporsible for the preparation of the accounts. You consider that an audit is not required for th year (under section 144(2) of the Charities Act 2011 (the 2011 Att)) and that an independent examination is needed. It is my res)nsitlity to".- examine the accounts (under section 145 of the 2011 Act). to follow any prrKedures laid down in the General Directions given by the Charity Commissioners (under secbon 145 (5) (b) of the Act), and to sLate whether particular Matte have come to my attention. Basis of Indepdent examinerfs rep)rt My examination was canied out in accordan with Generdl Directions given by the Charity Commission. An examination Indudes a review of the accounting records kept by the charity and a comparison of the accounts presented with those recorts. It also includes consideration of any unusual items or disclosu in the accounts, and seeking explanations from you as trust conceming any such matters. The procedures undertaken do not provide all the eviden that would be required in an audiL and cwuendy no opinion is given as to whether the accounts prent a knie and fairf view and the rep)rt is limtted to those matters set out in the statement bdow. Independent examInS statement In the course of my examinatson. no matter has come to my attention:_ l. which gives me reasonable cau to believe that in any material respec¢ the requirements:_ to k&p accounting records in accordan with sectÈon 130 of the 2011 Act; and •• to prepare accounts whith accord with the accounting records and comply with the accounting requirements of the 2011 Att. have not been met. or 2. to which, in my cpinion, attention should be dravm in order to enable a proper understanding of the ac0nts to be reached. Steve White Steve White Associates Ltd Myrtle House, Brook Stree( North Newton. Bridgwater, TA7 OBN 10 October 2022