Charity registratlon number 269157 {England and Wales} Company reglstratlon number 01201086 SIZEWELL HALL LIMITED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
SIZEWELL HALL LIMITED LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mi M Cullum Mr A Golding Mr G Jack Mr M Levett Mrs J Pulford Mr D Wilding Mr W Elphid( Mr T Boswell Mrs A E Golding {Appointed 15 May 20241 Secretary Mr T Barker Charity number (England and Walès) 269157 Company number 01201086 Registered officg Sizewell Hall Leislon Suffolk IP164rx Independent examlner Affinia {Ipswichl 80 Compair Crescent Ipswich Suffolk UK IP2 OEH
SIZEWELL HALL LIMITED CONTENTS Page Trustees, report Independent examiner's report Stslemenl of financial activities Balance sheet Note5 to the financial statements 9-17
SIZEWELL HALL LIMITED TRUSTEES, REPORT {INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 OCTOBER 2024 The trustees present their annual report and financial statements for the year end 31 Octobw 2024. The financial slalemenls have been prepared in accordance with the accounting policies sel out in note 1 to th@ financial st*ements and comply with the charity's Memorandum of Articles, the Companies Act 2006 and 'A¢untIng and Reporting by Charities.. Statement of Recommended Pradice applicable lo charities preparing their accounts In accordance wlh the Financial Repo.ng Standard applicable in the UK and Republic of Ireland IFRS 102)" las amended for accounting periods commencing from 1 January 20191. Objectlves and actlvftres The objectives of the Charity are.. To advance the Protestant and Evangelical truths of the Christian Faith. To educate, train and equip preachers, ministers, teachers, students, missionaries and other persons wilh the objects of the association to make grants, donations and subscriptions or payments in respect thereof. When planning and reviewing the activitie5 for the year, the Trustees have considered the Charity Commission guidance on public benefit and. in particular, the speofic guidance on Charities for the advancement of religion. In particular th¢ Charity provides a facility lo enable people to explore there knowledgo and increase their faith in the Protestant and Evangelical trLths of the Christsan Faith. In order for the objects of the Charlty lo be furthered. camps, conferences, retreats and house parties have been held which involve ecumenical gioups from churches, youth organisalions, national initiatives, schools and colleges. Voluntee Sizewell Hall benefits from significant volunteering work for those who prepare the eAmpsile and assist with general maintenance around the grounds. We are grateful for all support bul we are seeking to increase the support from volunteers wherever pos$ible- particularly in the complets'on of various tasks which do not requiie significant amounts of skill or expertise.
SIZEWELL HALL LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORTI (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Achievements and performance Signifan1 activrfies and achievements 8gainst objectives Sizewell Hall is a Christian Conference Centre and Camping location in an idyllic location on the Suffolk coast. Our primary building is now 100 years old and we look il over 50 yéars ago when il was in a slate of some disrepair. Since that time, we have made great Improvements to the building and brought the building back lo a high standard of repair and decoration. Our year ending October 2024 was a very encouraging year. building on the progress of the previous year. As the recovery from the pandemic continues. bookings have increased and are now much closer to pre-pandemic levels. with the average group slze exceeding that tsf 2023. Sizewell Hall has experiencod a lime of 8tsbility in the staff team over the last year, which has not always been tho case In recent year5. Mall Shaddick, having stepped up ID the role of Centre Manager at the end of 2023, has eontinued to oversee the day to day running ol the hall, alongside regular meetings with Colin Low and IMII Elphick who have provided support in their role as Trustees. Jason Shaw has continued to be a great addition to the team. providing attention lo detsil and attentiveness to the needs of guests. Jason and his family hav& sdtled in well to living al Sizewell Hall. Sara continues lo be the first point ol contact for groups with Bookings and Accounts queries, 8s-well as assisting with managing the Gfft Shop and has played a large part in the SucsS of the shop over the last year. We are also particularly gr81eful to our regular volunteers, Roger, Ray and Steve who have all contributed immensely to keeping the Hall's grounds in good condition. The trustee's have continued lo support the staff team by regularfy duty managing at weekends to allow for breaks, which has been very valuable particular while the hall Is operallng with reduced staffing levels than in previous years. We also eXpssed our gratitude to Colin and Melonie Low who have now (January 20251 stepped down fvom their roles as Trustees Icolin as Chair ofthe Boardl and lo Neil Sarjeant who has stepped down as Treasurer Imay 2024). Adam Golding has now taken up the role of Chair of the Boar¢1 and Andrea Gdding has nowjoined as a Trusteg. We are also pleased that Tim Barker has taken on the role tsf Treasurer. As menb"oned. the Hall is over 100 years old and in constant need of care and attention. Furthgr work was proposed to replace two windows in Forge Cottage and three VVThndows on the rear of the 2nd Floor VVThng November 2024. Repairs ale also required lo the greenhouse lo secure the glass roof. Efforts are ongoing lo renovate me bedrooms, with caipels now having been repla¢ed in four bedrooms along wrth painting Mork completed. Focus has now shifted in the short terni lo renovating the now vacant Arch Cottage, so that this can either house knlure stsff or provided Short-lerni rental income, before refocusing on room renovations. th eltricitY costs more than doubling as the Hall moved into a new contract at the beginning of October 2024. The trustees reluctantly agreed lo increase hire f@es correspondingly lo offset these and other cost prossures for 2025. A much smaller increase is anticipated lo be needed for 2026.
SIZEWELL HALL LIMITED TRUSTEES, REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Financlal revlew Sizewell Hall reported a profil for the year of £15,874. This was very encouraging in eomparison to recent deficits of £33,659120231 arsd £73,002120221. Income increased dramalicalty from £264,274 in 2023 to £339,687 in 2024. This is thanks lo both an increased number of bookings and number of guests per booking. Expenditure rose in line t the increased bookings, rising from £297,933 in 2023 to £323,813 in 2024. However, this is still lower than expenditure in 2022, which has been driven by ¢arelul cost control, and the decision lo continue to operate th a smaller staff team than in previous years. Reserves policy Reported reserves comfortably exceed the minimum level set by trustees of 3 months normal operating expenses.. approximately £70,000. Majornsks The Irusleès have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure lo the major risks. Plans for future periods Churches remain enlhusiasllc about the Hall and the facilities we offer and have retumed in incmsed numbers during 2024 despite the substanlial increase in price, While the year r&presents a strong indication of things Stabilising followng 8 long Covery from the pandemic, senior staff and the board will watch operations closely and make adjustments as required to miligale any risks and help continue the stability moving fomards The charity plans to maintain all ils ongoing activities moving forwards, end we thank our visitors for all their loyal support and feedback. The Iruslees have reluctantly agreed another significant inerea5e in hire charges in 2025 to reflect the increased cost of running the Hall. This, together with healthier bookings, encourages the charity lo the believe that income will continue to be closer to pr&pandemic levels and provides them wth greater confidence when deciding on further maintenance projects. Structure, governance and managemant The charity is a company limited by guarantee. Tre trustees, who are also the directors for the purpose of company law, and who served during the year and up lo the dale of signature of the financial statements were.. MrCLow (Resigned 14 May 20251 Mr M Cullum Mr A Golding Mr G Jack Mr M Levett Mrs M Low Mrs J Pulford Mr D Wilding Mr W Elphick Mr T Boswell MrsA E Golding (Resigned 14 May 20251 (Appointed 15 May 20241
SIZEWELL HALL LIMITED TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Nono of the irusts88 ha$ bgneficial interest in the (¥Jmpany. Al of th6 tnjslees ore m8mbers of the company and 9uar8nta8 to contslbute £1 In tho event of a ndIng up. Condudlng r•marks We are truly grateful 10 811 th¢yJe who give of IheSr fjme, resour¢08 8nd finances to mainlaln the work of Slzewell Hall. We hav¢ beon blgs$gd io havo gmployed con$cAgnllous and dlllgant staff who maintain th¢ work on a day-to4ay basls. We are olso grateful to 811 thg board of directors who glv6 of their tSme to ensure that th& flnances. fabric and purpo¥e Of the Hall are maintained, and to our v¢lunleers who help wlth pfacti¢o1 matt&rs around th& silo e8s' report was approved by the Board of TrustO0$. MIA Gotdlng Tru$teo Dots".
SIZEWELL HALL LIMITED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SIZEWELL HALL LIMITED I report lo the Iruslees on my examination of the financial statements of Sizewell Hall Limited (the charity) for the year ended 31 October 2024. Responslbllltlos and basls of report As the trustees of the charily land also its directors for the purposes of company lawl, you awe responsible for the preparation of the financial statements in accordance with the requirèmènts of the Companies Act 2006. Having satisfied myself that the Iinancial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under 8eclion 145 of the Charities Act 2011. In carrying out my examination I have followed the Direction$ given by the Charty Commission under section 14515llbl cf the Charities Act 2011. Indgpendent examlnerfs statement Since the chaTily's gross income exceeded £250,QOO, the independent examiner must be a membèr of a body listed in Section 145 of the Ch8rilies Act 2011. 1 confirm that l am qualifièd to undertake the examination because l am a member of The Institute of Chartered A¢¢ountants in England and Wales IICAEW). which is one of the listed bodies. I have completed my examination. I confimi that no matters have Come lo my attenli¢)n in connection Y4ith the examination giving me cause to believe that in any material respect.. accounting rocords were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financi81 slalements clo not accord Mth those records., or the financial slalemenls do not comply wrth the 8ec¢unting requirements of section 398 of the Companies Act 2006 other than any requirement that the financial statements give a Irue and fair view, which is not a matter considered as part of an independent examination", or the financial slalemenls have not been prepared in accordance with the methods and winciples Of the StatemÈnt of Recommended Piaclice lor accounting and reporting by charities applicable to charities preparing their financial statements in accordance wrth the Financial Repgrting Standard appIlble in the UK and Republic of Ireland (FRS 1021. I have no concerns and have come across no other matters in connection with the examination to whSch attention should bè drawn in this report in order lo enable a proper understanding of the finanaal statements lo be reached. Daniel Farrow IACA} Affinia IIps¥M¢hl 80 Compair CreSnt Ipswich Suffolk IP2 OEH UK Dated..
SIZEWELL HALL LIMITED STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 ocfoBER 2024 Unre$tri¢ted Restricted funds funds 2024 2024 Total Unrestricted Restrlctod funds funds 2023 2023 Totsl 2024 2023 NotOS Income from: Donations and legaci8$ Charitable activities Investments 24,128 312,735 2,824 24.128 312.735 2,824 40.183 221.988 2.103 40.183 221,988 2,103 Total Incorne 339,687 339,687 264.274 264,274 Expenditure on: Charitable activities 323,813 323,813 297,933 297.933 Totsl expendlture 323,813 323,813 297,933 297,933 Ngt Incomellexpenditurèl 15,874 15.874 133,659) 133,6591 Transfers between funds 17,003 {17,0031 Net movement in funds 15.874 15,874 (16,6561 {17,0031 133,6591 Re¢on¢lllatlon of funds- Fund balan$ al 1 November 2023 354,122 65,858 419,980 370,778 82,861 453,639 Fund balances at 31 October 2024 369,996 65.858 435,854 354,122 65,858 419,980 Thè statement of financial acb"vities includes all gains and losses recognised in the year. All income and expenditure derive from cgntinuing activities.
SIZEWELL HALL LIMITED SUMMARY INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024 All Income funds 2024 2023 Gross income 339,687 264,274 Total expenlliture from income lunds 323,813 297,933 Net in¢omellexpenditurg1 for the year 15,874 133,6591
SIZEWELL HALL LIMITED BALANCE SHEET ASAT31 OCTOBER 2024 2024 2023 Not&$ Flxed a830ts Tonglble o$$$ts 12 320.788 348,499 Curr•nt ass•ts stocks Debtors Cash at bank And In hand 13 14 11,047 14,318 19).074 8,737 9,087 120,072 175.439 137,896 Credltors: Amounts Ihlllng due wlthin year 16 (53,293) 149,016} Mot ¢urrnnt ets 122,146 88,880 Total Assèts le ¢urrent liabllltles 442.914 437,379 Credltors.. amounts falling due after moro than on• y•4r 17 17,0601 117,399) Not 435.854 419,980 The fvnd$ of th8 charity Restricted income fund5 Unrestricted funds 65,8S8 369,996 65,858 354,122 19 435.854 419,980 Th* conip8ny is ented to Ihe extsmption from thg audit requlremenl contained In sgdion 477 of Iho CompanlesAd 2006. ft)r the year ended 31 October 2024. Tha director thowtedg66 hls rosp)nslbllities for cornptylng wlth the requlrernants ol th8 Companle8 Act 2006 with sp8ct to accounting records and the preparation of financial statsments. The members havg not rg4UifBd the company to obtaln an audlt of Ils finandal ¥talemnts foi tho year In qu&81ion accordan wlth 476. These ffinartcial statements have been propafyd in acLx)rdan¢e wth the provisions applS¢ablg lo mpanIeS subject to the small companies reglffle. The flnanclal statements were approved by lh8 trustees on ..... MrA Trusts• Idlng Company rgglstrauon number 01201086 IEngland and Wal681
SIZEWELL HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024 Accountlng poliGie Charity information Sizewell Hall Limited is a private company Ilmlted by guarantee incorporated In England and Wales. The r&gist8r8d office is Sizewell Hall. Leislon, Suffolk, IP16 4TX. 1.1 Accountlng convention The financial slalements have been prepared in ac(x)rdanee with the charity's Memorandum of Artides. the Companies Act 2006, FRS 102 'The Finanaal Reporbng Standard applicable in the UK and Republic of Ireland" I'FRS 102.1 and the Charities SORP A¢counting and Reporting by Charilie8.' Statement ol Recommended Practice applicable lo ¢harilies preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeGlive 1 January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity h88 18ken advantage of the provisions in the SORP for charities not lo prepare a Statent of Cash Flows. The financial slalemenls are prepared in 8terling, which is the functional currency of the charity. Monetary amounts in these financial stslemenls are rounded lo the nearest £. The finaneial slalements have been prepared under the historic cost convention. The principal accounting policies adopted are Set our below. 1.2 Going concèrn Al the lime of approving the financial slalemenls, the trustees have a reasonable expectation that the charity has adequate resources lo continue in operational existence for the foreseeable future. Thus the tteeS continue tts adopt the going conc8rn basis of accounting in preparing the financial stalemenls. 1.3 Charrtable fund¥ Unrestricted funds are available for use at the discretion of the trusl&o5 in furtherance of their charitable objectives. Reslri¢led funds are subject to specific Conditions by donors or grantors as lo how they may be used. The purposes and uses of the reslricled funds are sel out in the notes lo the financial statements. Endowment hjnds are subject to Specific conditions by donors that the capital must bo maintained by the harily. 1.4 Income Income is recognised when the charlty is legally entitled to it after any performance Conditions have been met, the amounts can be measured reliably, and it is probable that InMe will be received. Cash donations are recognised on receipt. other donations are recognised once the charity has been nolrfied of the donation. Ltnless performance ndItionS requiro deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is rOgnISed al the ts.me of the donation. Legacies a recognised on receipt or otherwise if the charity has been notified of an impending di%lribulion, the amount is known, and receipt is expectetl. Sf the amount is not known, the legacy is tr88led as a contingent asset.
SIZEWELL HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 AGGounting policies {Continuedl 1.5 Expenditur& Expendrture is recognised once there is a legal or constructive obllgakn.on to transfer economic benefit lo a third party, il is probable that a transfer of econornic benefiis will be required in setuemenl, and the amount of the obligation can be measured reliably. Expendittjre is classified by activity. The costs of each activity are made up of the total of dir1 costs and shared costs, including support costs involved in undertaking each 8cb"vrty. Direct ¢osts attribLJlable to a single activity ar6 8llo¢ated directly lo th81 a¢livty. Shared costs which contribute to more than one activity and support costs which are not attributable lo a single activity are apportioned between those activities on a basis consislerrt with the use of resources. Central staff costs are allocated on the basis of time spent, 8nd epwiatlon charges are allocated on the portlon of the asset's use. Expenditur¢ is aount$ for on an accruals basis and has begn classified under headings that aggregate all costs relating lo the category. Where costs can not be directly attributed lo parlicular heading5 ItrEy have been allocated lo actlvilies on a basis constant with the L¢se of resources. The Costs of the conference centre are those directly associated with the runnlng. maintenance and operation of the Sizewell Hall Centre. Governance, management and administrats'on costs are those incurred in conneth'on wfÉh administration of the ch8rity and compliance wth conslilulionalory requirement8. 1.6 Tanglble fixed assets Tangible fixed assets are inff(1811y measured at cost and 8ubsequenlty me88ured at cost or valuation, net of depreciation and any impaimienl losses. Depreciation is recognised so as lo write off the cost or valuation of asset8 less their residual values over their useful lives on the following bases.. Leasehold land and buildings Plant and equipment Fixtures and TIng$ 23 years straight line 20% reducing balance 20% reducing balance The gain or loss arising on the disposal of an asset 1$ detemined as the dfftrence between the sale pr¢xeeds and the carrylng value of the asset. and is recognised in the statement of finanaal activities. 1.7 Impalrment of fixed assets Al each reporting end dale, the charity reviews thé carrying amounts of ils tangible assets lo determine whether there is any IndicalSon that those assets have Suffer an impairment loss. If any such indicalion exists, the recoverable amount of the asset 18 eslimaled in order to determine the extent of the impairment loss {if any). 1.8 Stocks Stocks ar& stated al the lower of cost and estimated selling price less costs to complete and Sell. Cost eomprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condilion. Iterns held for distn"bulion at no or nominal consideratlDn are m8aSud the lower of repla¢emont ¢osl and cost. Nel realisable value Ss the esllmaled selling Pri less all estimated costs of completion and costs to be incurred in marketing, selling and dislribulion. 1.9 Cash and cash equlvalents Cash and cash eqLJivalents include cash in hand, deposits held al call wrth banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 10-
SIZEWELL HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 A¢¢ounting poli¢ies Icontlnuedl 1.10 Financial instruments The charity has elected lo apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the charity's bal8nc& sheet when the charity becomes paty to the contractual provisions of the instrument. Financial as5els and liabilities are offset, ¥Mlh the net amoun15 presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an IntenOn to settle on a n81 basis or to r&alise the ass&t and Settle the liability simultaneously. 8asic Ilnancial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price Including transaction costs anLt are subsequ&nlly carried al amortised cost using the effectiv6 interest method unless the arrangement conslilule$ a financing Iransaclion, where the transadion 1$ measured at the present value of the future receipts discounted al a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities 8asi¢ financial liabilitie5, including creditors and bank loans are initially recognised at transaction price unless the arrangement conslitules a financing transaction, where the debt instrument is measured at the present value of the future payments discounted 8t a market rale of interest. Financial liabilities dassified as payabl¢ within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effedive inloresl ratg method. Trade creditors are obligations to pay for g¢x)Lls or services that have been acquired in the ordinary course of operations from suppliers. Amounts P8yabte are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initially al transaction price and subsequentSy measured at amortised cost using the effective interest method. Derecognltffon of fiTn8ncial liabilities Financial liabilities are derecognised when the tharity's conlraclual obligations expire or are discharged or cancelled. 1.11 Employee beneflts The cost of any unused holaY gnlitlemenl is recognised in the period in which the employoe's services are received. Temiination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or lo provide termination benefits. 1.12 Retlrement benefits Payments lo defined contribution retirement benefft schemes are charged as 8n expense as they fall due.
SIZEWELL HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Critlcal accounting estimates and Judgements In the application of the charity's accounting policies, the Iruslees are required to make judgements, estimates and assumptions about the carrying amount of assets and Ilabililies that are not ¥eadily apparent from other sources. The estimates and associated assumption5 are based on historical experience and other factors that are Considered lo be relevant. Actual resu118 may differ from the$9 OStimale$. The estimates and underlyng assumptions are reviewed on an ongoing basis. Revisions lo accounting estimates are recognised in the period in which the estimate is revised where the revision affects lY that period, or in the period of the revision and future periods where the revision affects both current and future periods. Donations and legaci•s Unrestrlctsd Unrestricted funds funds 2024 2023 Donations and gifts 24,128 40,183 harltsble activities Conference Centre Shop and Food Store 2024 rotal 2024 Conference CentrÈ Shtsp and Food Store 2023 Total 2023 2024 2023 Sale of gocds 286.508 26,227 312,735 204,365 17.623 221,988 Incomg from Investments Unrestrlcted Unrestrl¢tgd funds fund$ 2024 2023 Interest r8caivab18 2,824 2,103 12-
SIZEWELL HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FQR THE YEAR ENDED 31 OCTOBER 2024 Expenditure on charitable actlvltles charltable Actlvltlos 2024 Charitsblo Activities 2023 Direct costs Staff costs Depreciation and impairment Cleaning and laundry Contract cleaning Insurance Light, heat and power Photocopying Purchases adjusted for stocks Rates Rent Repairs and renewals Travel expènses Water Other expenses 64,594 28,141 9,321 56,603 18,783 31,801 5,440 23,663 3,528 32,167 12,512 152 5.774 74,158 29,121 8,841 41,817 18,016 30,939 4,632 17,469 3,775 8,958 20,382 192 5,723 1,723 292,479 285,746 Share of support and governance costs l$ee note 7) Support 31,334 32,187 323.813 297,933 Analysls by fund Unreslricled funds 323.813 297,933 Support costs allocatsd to activltles 2024 2023 Office expense5 Sundry cosls Independent Examination Fee Professional Fees 8,454 14,457 1,470 6,953 8,303 15,977 1,614 6,293 31,334 32,187 Analysed between.. Charitable Adivities 31,334 32,187 13-
SIZEWELL HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 Not movement In funds 2024 2023 The nel movement in funds is stated after chargingll¢rediting)'. Fees payable for the independent examination of the charty's financial statements Depreciation of owned tangible fixed assets 1,470 28,141 1,614 29,121 Trustees None of the Iruslees lor any persons connected with Ihernl rg¢eived any rgmuneration or benefit$ from thg charty during the year. 10 Employees The average monthly number Df employees during the year was.. 2024 Number 2023 Number Part fime Full Time Totsl Employment costs 2024 2023 Wages and sal8rles Other pension costs 63,350 1,244 72,023 2,135 64.594 74,158 There were no employees whose annual remuneration was more than £60,000. 11 Taxatlon The charity 15 exempt from taxation on ils activities because all its income is applied for charitable purposes.
SIZEWELL HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 12 Tangible flxed assets LeH$ehold land and bulldings PlaTrt and Fixlures and equlpment flttln95 Totsl Cost Al 1 November 2023 Additions 824,482 147.442 411 109,086 1.081.010 411 At 31 October 2024 824,482 147.853 109,086 1,081,421 Depreclatlon and Impolrment At 1 November 2023 Depreciation charged in the year 499,664 23,201 133,590 2,974 99,258 1,966 732,512 28,141 Al 31 October 2024 522,865 136,564 101,224 760,653 Carrylng amount Al 31 October 2024 301,617 11,289 7,862 320.768 Al 31 October 2023 324,818 13,852 9,829 348,499 13 Stocks 2024 2023 Finished goods and goods for resale 11,047 8,737 14 Debtors 2024 2023 Amounts falling du8 Wlthin one year. Other debtors Prepayments and accrued Incomè 7.080 7,238 2,576 6,511 14.318 9,087 16 Loan$ and overdrafts 2024 2023 Bank loans 17,500 27,423 Payable wthSn one year Payable after one year 10,440 7,060 10,024 17,399 15-
SIZEWELL HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 OCTOBER 2024 15 Loans and overdrafts Icontinuedl The loan is a government backed bounce baek loan. The loan is repayable over 60 months and interest is charged at 2.5% per annum. 16 Creditors: amounts falllng due within one year 2024 2023 Bank loans Trade creditors Accruals and deferred income 15 10.440 10,746 32.107 10,024 13,443 25,549 53.293 49,016 17 Creditors: amounts falllng due after more than one year 2024 2023 Notes Bank loans 15 7,060 17,399 18 Retlrement benefit schemes 2024 2023 Defined contributlon schemes Charge to profil or loss in respe of defined contribution schemes 1,244 2,135 The charity operates 8 defined contribution pension schome for all qualifying employees. The assets of the s¢heme are held separately from those of the charity in an independently administered fund. 19 Unrestricted funds The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been sel aside out of unrestricted funds by the trustaes for specific purposes. At1 November 2023 Incomlng resources Resources xpendèd Transfers At 31 October 2024 General funds 354,122 339,S87 {323,8131 369,996 16-
SIZEWELL HALL LIMITED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 OCTOBER 2024 19 Unrestricted funds Icontlnuedl Pr8vious y8ar: At1 November 2022 Incoming rpsources Resources expended Transfers At 31 October 2023 General fvnds 370,778 264,274 1297,933} 17,003 354,122 20 Related party transactions There were no disclosable rfjlaled paty transactions during the year12023- none). 17-