2023-06-30-accounts

Shipham Village Hall Trust Charity number 270556 Report of the Trustees for the year ended 30[th] June 2023

The Trust and its charitable objective

The charitable trust was first registered with the Charity Commission in 1975 to “provide community hall facilities for the use and benefit of the inhabitants of and organisations within the parish of Shipham”. Modifications to the deed have been registered allowing modern means of communication.

Officers of the Trust

Jeff Brewster, Steve Dodd and Jules Offord continue as Chair, Treasurer and Secretary of the Trust.

Governance and day to day management

The trust deed lays down the powers governing the trust and its management, particularly keeping the premises in good repair and insured against fire, theft, public liability, and other insurable risks.

The trust is administered by a council of 8 independent trustees elected at the trust’s AGM, and representative trustees elected annually by active village organisations empowered under the trust to appoint trustees. Over the years a number of these have become inactive and new organisations have been added. Additionally, the Parish Council is invited to nominate a representative.

There are currently 23 trustees:

Independently elected trustees

Ken Chalk Tony Davies Peter Downing Paul Edwards

Ian Firth John Moorhouse Keith Scanlon Helen Ingleby Representative Trustees for active village organisations ( organisations added) Molly Hitchcock Friends of Shipham School Amanda Firth Save the Children Lunches Jeff Brewster Shipham Photography Group Katherine Leach Shipham Community Allotment Jane Sanders Shipham Community Cinema Steve Dodd Shipham Football Club Reg Bryant Shipham Gardening Club Abi Scotcher Shipham Guides & Brownies New appointee awaited Shipham History Society Laura Turner Shipham Parent and Toddler Group Debbie Andrews Shipham Players Margaret Howell Rowberrow PCC and Shipham PCC Anita Townsend Shipham, Rowberrow & Star Women’s Institute New appointee awaited Shipham Scouts and Cubs Co-opted trustee Frances Cartwright Shipham Parish Council

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Page 1 of 11 pages of the report to SVHT Trustees for year ending 30.06.2023

Shipham Village Hall Trust Charity number 270556 Report of the Trustees for the year ended 30[th] June 2023

A management committee is appointed by the trustees to oversee the operation of the hall and at the date of this report the members are:

Council members : Jeff Brewster Ken Chalk Tony Davies Steve Dodd

Paul Edwards Abi Scotcher Helen Ingleby Daniel Jeffery

Secretary: Jules Offord

Co-opted members: Pete Ovenden, Tony Packer (Hall Manager), Rachel Healey

Contact information:

For enquiries for availability and booking of any room contact our bookings clerk , Katie Ovenden, by e-mail at [e-mail] or on the dedicated phone [phone], leaving a request for a call back if this is not answered at the time.

Alternatively, to just check for availability of each of the 3 rooms, it is possible to do this at www.bookingsmanager.biz/ShiphamVillageHall/

All other communications should be sent to the Hon. Secretary. (See contact details on the website)

The principal officers and their contact information is:

Chair: Hon. Secretary: Mr J Brewster, 22 Beech Rd. Mr J Offord Seagrove, Shipham, BS25 1SB North Down Lane, Tel: [phone] Shipham BS25 1SN Tel: [phone]

Hon. Treasurer: Mr S Dodd, 1 The Square Shipham, BS25 1RB Tel: [phone]

Public Benefit

Interest in the hall is stimulated by word of mouth, listings in free local periodicals and on the web at www.shiphamhall.co.uk, the community site www.somersetrcc.org.uk, and www.hallshire.com.

The Hall is extremely well used by both villagers and those from outside the village, enhancing the social wellbeing of the village and its neighbours. The hall accepts bookings from any applicant provided the specified rooms requested are not already booked when required, and subject to its latest terms and conditions of hire. No exclusions are applied based on residence, persuasion, or opinion.

Regular activities are published on our website, hall screen, and notice boards. These include those of village organisations and others covering a wide spread of interests for all age groups, particularly those arranged for art, dance, fitness, and childrens’ activities. The Hall is a popular venue for weddings, anniversary celebrations, parties, and charity fundraising events.

The Impact of the Covid-19

Bookings and attendance at hall events are now returned to pre-Covid levels.

The Premises

Since the opening of the hall the building has been extended. An annual refurbishment program of equipment and external areas maintains the high standards set at the opening [Type here]

Page 2 of 11 pages of the report to SVHT Trustees for year ending 30.06.2023

Shipham Village Hall Trust Charity number 270556 Report of the Trustees for the year ended 30[th] June 2023

of the hall. A recent refurbishment programme has enhanced the facilities of the hall and plans are in place to further improve the experience of all hall users.

The Facilities

Hirers may either hire the whole building, or one or a combination of the following:

• A large spacious main hall with a well-equipped stage and lighting, cinema standard

• projection and sound

• An adjacent large kitchen, built and fitted out to a professional commercial standard

• A convivial meeting room with its own kitchenette that is ideal for smaller group

• meetings

• A small club/committee room, with toilets and recently fitted kitchenette that converts into a bar area for larger events

High-speed internet is freely available throughout the building and each meeting room has an individual hearing loop system, projection facility and audio system. There is parking for approximately 60 cars.

Reserves Policy

The policy requires that the management committee ensures that funds are always available to meet any regular payments due. Periodic assessments determine the level of funds that may be needed when equipment replacements are necessary and or other cost of work that may be needed to maintain the high standards of the premises.

These regular assessments address:

• the life all fixed assets to determine those requiring replacement within 5 years

• the impact of inflation and technological advances on the potential cost of their replacements

• the costs of replacing or renovating equipment not treated as a depreciating asset

• expenditure that may be required to renovate the building’s fabric or grounds

For this purpose, the funds may include those available at the time of review, plus those reasonably expected to be set aside from operations, other regular income, and depreciation before any forecast expenditure becomes due. Any surplus funds may be applied to improve either equipment or premises.

This ensures timely program of replacements and implementation of desirable improvements.

Commentary on the accounts for the year to 30 June 2023

A brief summary of the accounts can be seen below.

There was an overall surplus of £10,941 for the year of all income, including grants, after expenses, depreciation, and exceptional charges. This was an increase on the previous year. The hall’s hire income for the year to 30[th] June 2023 of £43,146 was almost 20% higher than the previous year.

The trust was left a gift of £5,000 in the will of former chairman David Worker. This has be set aside as a protected fund as a means of stimulating the use of the hall for special causes or to aid groups that are struggling to cover the costs of hiring until they can re-establish themselves. Some monies have been allocated and the fund has been supplemented through generous donations from village groups.

Solar panel income increased by around 28% to £4,253. This was due, in part, to the system working more efficiently.

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Page 3 of 11 pages of the report to SVHT Trustees for year ending 30.06.2023

Shipham Village Hall Trust Charity number 270556 Report of the Trustees for the year ended 30[th] June 2023

Interest earned remains low although monies invested at a higher rate this year will show in next year’s accounts.

There was net operational surplus of £10,941, a significant increase compared to 2021/22. Payments to both the bookings clerk and the cleaner were increased in line with the living wage. Annual service charges for electricity, gas, water, maintenance, and licences were also required and the hall is kept heated during the colder months.

Under the depreciation policy the costs of equipment are conservatively written down over either 5 or 10 years, based on minimum anticipated life, to provide funds for eventual replacements as and when needed. The solar panels are an exception with an advised 20year life considered appropriate.

In line with last year, £5,000 of the overall surplus for the year has been transferred to the premises contingency fund set up to maintain or improve the long-term performance of the building and meet the replacement cost of integral fixtures and fittings of the building which are not being depreciated annually. £2,345 has been charged to this fund during the year. The contingency fund at the year-end stood at £25,812.

The Trust accepted the insurance agency’s offer of a free online professional revaluation of the property for insurance purposes and this was finalised in November 2021. After adjusting for inflation, the estimated total rebuilding cost insured is c.£1.26 million with an uplift of 25% from completing the valuation survey.

Net current assets of the trust increased to £100,934 by the year end and cash available is considered adequate to meet the hall’s commitments and any renovation or replacement of equipment as required in the next few years.

At the end of June 2023, the total reserves were £656.010.

The Current Year 2023/24

Bookings have recovered fully. Cash reserves of the hall are healthy and at present there appears no immediate need for fund raising.

Hire charges were last increased in July 2019 and a review is currently underway.

Professional Support

Lloyds Bank plc is used to bank rental income. CAF Bank Ltd is used for all other regular transactions and Julian Hodge Bank Ltd for other reserves.

Mr Dennis Carroll is the Trust’s independent examiner.

Signature and Declaration

I declare, in my capacity as Chair, that the Trustees have approved the report above and have authorised me to sign it on their behalf.

Jeff Brewster

Chair of Shipham Village Hall Trust Committee

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Page 4 of 11 pages of the report to SVHT Trustees for year ending 30.06.2023

Shipham Village Hall Trust Charity number 270556 Report of the Trustees for the year ended 30[th] June 2023

Shipham Village Hall Trust

Statement of Finances for the year ended 30 June 2023

Independent Examiner's Report To the Trustees of Shipham Village Hall Trust

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Page 5 of 11 pages of the report to SVHT Trustees for year ending 30.06.2023

Shipham Village Hall Trust Charity number 270556 Report of the Trustees for the year ended 30[th] June 2023

I report to the trustees on my examination of the accounts of Shipham Village Hall Trust (“the Trust”) for the year ended 30 June 2023, which are set out on pages 3 to 6.

Responsibilities and basis of report

As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect:

• Accounting records were not kept in accordance with section 130 of the Act, or

• The accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Denis Carroll ACMA 25 Beech Road Shipham Somerset BS25 1SA

14 November 2023

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Page 6 of 11 pages of the report to SVHT Trustees for year ending 30.06.2023

Shipham Village Hall Trust Charity number 270556 Report of the Trustees for the year ended 30[th] June 2023

Income & Expenditure Account

Year Ended 30 June 2023

	INCOME Income from charitable activities Hire charges Fundraising Donations & grants	INCOME Income from charitable activities Hire charges Fundraising Donations & grants	Note 1 2		Year ended 30 June 2023 £ 43,146 0 600		Year ended 30 June 2022 £ 28,725 0 2,667
		Other	3		133		5,020
					43,879		36,412
	Solar energy income		4		4,253		3,054
	Interest on deposits		5		880		221
	TOTAL INCOME				49,012		39,687
	EXPENDITURE Direct charitable expenditure Fundraising costs Wages Honoraria to bookings clerk Insurance Electricity Gas Water and sewerage Annual maintenance contracts Repairs and maintenance Exterior premises renovation works Cleaning Broadband, WIFI and alarm phone line Website development Officers' postage and stationery Annual licences Independent examiner Other		1 6 7 7 8 9 10 11		0 (3,136) (4,396) (1,732) (2,646) (2,651) (69) (2,494) (5,755) (2,032) (1,337) (20) (325) 0 (629) (80) (429)		0 (2,974) (4,290) (1,631) (1,062) (3,238) (94) (1,365) (2,570) (3,830) (1,091) (10) 0 (41) (1,146) (99) (326)
	TOTAL EXPENDITURE		12		(27,731)		(23,767)
	[Type here] TOTAL NET INCOME Depreciation 14 Premises contingency fund 17				21,281 15,920 (4,740) (5,611) (5,000) (5,000)

Page 7 of 11 pages of the report to SVHT Trustees for year ending 30.06.2023

Shipham Village Hall Trust Charity number 270556 Report of the Trustees for the year ended 30[th] June 2023

	David Worker LegacyFund	18	18			(600)					(5,000)	(5,000)	(5,000)
NET SURPLUS						10,941					309
Balance Sheet
Year Ended 30 June 2023
						Year ended					Year ended
						30 June					30 June
			Note			2023					2022
						£					£
FIXED ASSETS
Land at cost						28,281					28,281
Premises at cost			13			501,873					501,873
Equipment			14
Net Book Value b/f						28,494					34,105
Additions						1,168					0
Disposals at Net Book Value						0					0
Depreciation						(4,740)					(5,611)
Net Book Value c/f						24,922					28,494
TOTAL FIXED ASSETS						555,076					558,648
CURRENT ASSETS
Cash at bank
Lloyds Bank plc - instant access			15			1,207					668
CAF Bank Limited - Cash Account Trust 1			16			7,787					7,208
CAF Bank Limited - Gold Account Trust 2			16			84,492					46,162
Julian Hodge Bank Limited - 90 day notice			16			0					32,367
Debtors
Hire charges						3,813					1,251
Solar FIT						1,711					1,169
Otherprepayments and accrued income						7,004					805
TOTAL CURRENT ASSETS						106,014					89,630
CURRENT LIABILITIES
Accruals and provisions
General accruals and provisions						(2,764)					(1,690)
Hirers' deposits held andprepaid rents						(2,316)					(4,024)
TOTAL CURRENT LIABILITIES						(5,080)					(5,714)
NET CURRENT ASSETS						100,934					83,916
TOTAL NET ASSETS						656,010					642,564
REPRESENTED BY
Premises contingency fund			17
Brought forward						23,158					20,506
Additions						5,000					5,000
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Page 8 of 11 pages of the report to SVHT Trustees for year ending 30.06.2023

Shipham Village Hall Trust Charity number 270556 Report of the Trustees for the year ended 30[th] June 2023

	Withdrawals				(2,345)			(2,348)
	Carried forward				25,813			23,158
General reserves fund
	Brought forward				614,406			614,097
	David Worker Legacy Fund		18		4,850			5,000
	Surplus for theyear				10,941			309
	Carried forward				630,197			619,406
TOTAL FUND BALANCES CARRIED FORWARD			19		656,010			642,564

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Page 9 of 11 pages of the report to SVHT Trustees for year ending 30.06.2023

Shipham Village Hall Trust Charity number 270556 Report of the Trustees for the year ended 30[th] June 2023

Notes to the statement of finances

1. In accordance with custom, fund raising events on behalf of the trust have only generally been run every other year. However, no fundraising events have been held in the year.

2. Sedgemoor Council’s Covid support scheme has now finished and no further grants were received in the year. A grant of £2,667 from Sedgemoor Council was received in the previous year. A donation of £600 was received for use in the David Worker Fund.

3. Other income includes a £112 in relation to the sale of surplus crockery and plastic chairs. In the previous year this included a generous legacy gift of £5k from the former Chairman’s estate that has been set aside to help fund village organisations in need of financial support, as approved by the Hall Committee.

4. Receipts from Feed in Tariff and exported energy generated by the solar panels have increased by 39% (2022: -12%). This figure is before deducting £1,070 for depreciation of the solar systems equipment.

5. Interest income has increased in line with more favourable interest rates on offer on our accounts, mirroring general market conditions.

6. Insurance cover is provided by an Allied Westminster Village Guard policy. The broker reduced their policy rates in general in 2019 and a further saving was secured by agreeing to a 5-year term of insurance ending 12 December 2023.

7. As expected, overall utility charges continue to increase, partly as a result of increased use of the hall. Fixed term contracts have also now ended as have been replaced at much higher rates.

8. Annual contracted maintenance costs: Kitchen bi-annual deep cleans Hall floor refurbishment Gas equipment and heating systems Septic tank clearance Security systems Fire-fighting and electrical equipment Children’s play area safety report	2023 £ 2022 £ 204 959 228 333 515 171 84 0 0 408 193 563 119 82
	2,494 1,365

This year saw a return to the full suite of annual maintenance, including the hall & GT room floor resurfacing and kitchen deep clean, following the reduced schedule during the previous year that was driven by less usage during Covid.

usage during Covid.
Repair and maintenance costs: Internal redecorating of the building Certification of electrics Grounds maintenance and repair Solar system triennial service provision Internal and external lighting repairs Plumbing repairs Kitchen equipment Signs at entrance Sundry small repairs or replacements	2023 £ 2022 £ 798 0 2,076 450 998 239 215 414 565 250 228 1,632 24 277 0 0 0 159
	5,755 2,570

A full annual maintenance schedule was performed in the year and other repair and maintenance costs have risen in line with increased hall usage and the relative age of the building’s contents.

10.	External renovation works:	2023	2022
		£	£
	Exterior paths, trees and hedges	596	2,017
	Boules court refurbishment	0	526
	Ash tree clearance	0	1,287
	Repainting exterior	905	0
	Maintenance to slabs & patio area	351	0
	Other	180	0
[Type here] 2,032 3,830 ~~A programme of work was continued to maintain the look of the area surrounding the hall and the hall~~’~~s~~

exterior was repainted this year. Page 10 of 11 pages of the report to SVHT Trustees for year ending 30.06.2023

Shipham Village Hall Trust Charity number 270556 Report of the Trustees for the year ended 30[th] June 2023

1. Other expenditure relates to standard monthly bank charges (£63) and other minor expenditure that is not classified under separate headings in the accounts.

2. Trustees, the Hall Manager and other Management Committee Members were reimbursed a total of £3,155 for purchases of equipment and/or materials for use in the hall made at the request of the management committee. Total repayments of this expenditure were: Tony Packer £1,966, Jeff Brewster £793, Daniel Jeffery £262, Stephen Dodd £80, Ken Chalk £54, Jules Offord £54.

3. Premises insured value The hall is insured with Allied Westminster (Insurance Services) Limited and the sum insured under the current insurance contract is £1.1m.

4. This value compares with a total cost of £555,076 in the accounts, being £530,154 for premises, and £24,922 included in equipment that is the net book value of landlord’s fixtures and fittings and solar panels.

5. Equipment and depreciation There only addition during the year was a replacement solar inverter. There were no disposals of fixed assets in the year.

6. The depreciation policy writes down the cost of equipment over its minimum expected life to provide the money for their eventual replacement when needed.

7. The minimum expected life selected is set at either 5, 10 or 20 years, with the original cost and net book value at 30 June 2023 for each category shown below in brackets:

8. 5 yr. life: Kitchenware, computers, general sanitary ware, and sundries (Cost £9,100; NBV £0)

9. 5 yr. life: Audio/video equipment, curtains, and floor coverings (Cost £25,628; NBV £0)

10. 10 yr. life: All other equipment and furniture (Cost £85,243; NBV £17,941)

11. 20 yr. life: Solar panels (Cost £21,403; NBV £6,981) Total: All equipment (Cost £141,374; NBV £24,922)

Within the total depreciation charge is £1,070 related to the hall’s solar panels and their inverters.

• Land and premises are not depreciated but replacements of major equipment included originally in the building cost are now added to equipment and depreciated.

• Lloyds Bank plc is used to bank rental income and CAF Bank Ltd is used for all other regular transactions.

• In the year, short-term funds are placed in a CAF Bank Gold account, earning interest at the year end of 1.85%. 17. A transfer to the premises contingency fund is made annually to contribute towards the cost of future major replacements or repairs of the premises, equipment and fittings integrated within the building that have not been designated as equipment in the accounts.

• A further transfer of £5k was made at the end of the year.

• During the year costs of £2,345 were incurred that have been charged against the premises contingency fund, including:

• Overhead projector upgrade £267

• Toilet repairs £955

• Security camera power supply repair £256

• Curtain repairs £585

• Other sundry items £282

We have committed to replacing the curtains in the main hall and a total cost of £6,192 has been included within other prepayments, representing a 50% payment towards the estimated costs of the work that will take place in the next financial year.

1. During the year the Hall Committee have approved two payments from the David Worker legacy fund to support local organisations, including £500 to the Warm Places initiative.

2. There are no restricted or endowment funds.

The Income and Expenditure Account, Balance Sheet and notes relating to the period ended 30 June 2023 are as approved by the Trustees of Shipham Village Hall Trust.

Stephen Dodd Honorary Treasurer 14 November 2023 [Type here]

Page 11 of 11 pages of the report to SVHT Trustees for year ending 30.06.2023