## **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 Re￿t to the Trustees of Ch￿1ZoY Willage Hall- Chaiity WiSte￿d with the Charity Commission- Number 263275 I report to the trustees (fft my examinalion of the accounts of a￿dZOY 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￿)nsit￿lity 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 Indep￿dent 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 pre*nt a knie and fairf view and the rep)rt is limtted to those matters set out in the statement bdow. Independent examIn￿S 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 ac0￿nts to be reached. Steve White Steve White Associates Ltd Myrtle House, Brook Stree( North Newton. Bridgwater, TA7 OBN 10 October 2022