COMPANY REGISTRATION NUMBER: 01214TrX CHARITY REGISTRATION NUMBER: 270689 Henry Wood Hall Limited Company Limited by Guarantee FinanciLal Statements 31 March 2024 BROOKS & CO. Chart¢red Accountants & Statutory Auditors 9 Cheam Road Ewell Epsom Surrey KT17 ISP
Henry Wood Hall Limited Company Limited by Guarantee Financial Siatemellts Year ellded 31 March 2024 Poge Trustees, annual report (incorporating the director's report) Independenl auditoes report to the members Statement of financial activities (including income and expenditure account) AO Statement of financial position li Notes to the financial statements 12
Henry Wood Hall Limited Company Limited by Guar#ntee Trustees, Annual Report {IDcorporating the Director's Report) Year ended 31 March 2024 The trust who are also the directors for the purpose8 of comp8ny law. present their report and the fllw)¢ial statements of the charity for the ¢nd¢d 31 March 2024. Chair's rtport The Annual K¢port serves thepurpos¢5 of both aTru5tee5' report and a Directorg report under company law. The TStee$ cortfjrni that th¢ A]Jnua] R¢port and fiDancLal statements of the ctLaTitable cotnpany cotnply with the cuttettt ststutory requirem¢nts, the requircmetlts of thc charitabl¢ company's gov¢rning doturnent and the provisions of the Statement of R¢comffl¢nded Practice ISORP} applicable to charitle5 prep8ring the accounts in accord3n¢e with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS102} leffettiv¢ l January 2019}. Stocethecharitable company qualifies&8 small undersecti¢m 382of the Compani¢sAct2006.the Strdtegic R¢port required of medium and large companie5 un(kr the Companic5 Act 2006 IStrate8ic Rcport and DirectOTS' Report) Re8lllations 2053 has been omitted. Reference and odmiAlStrgtive details Relstered charity n*me Henry Wood Hall Limited Charity rtgtstraiion nrnber 270689 Compatty r¢gistration number 01214781 Printipal otrice and registered office Henry Wood Hall Trinity Church Sqaure Lon(Eon SEI 4HU The trustees M Hohman D J2ckson A Lewis.Crosby J Mackenzie K M¢Dowell A Ruthton Lwatt B Wordsworth D Burke Comp#ny setrttary A Stevens AudÉtor Brooks & Co. Charted Accountsnts & Statutory Auditors 9 Cheam Road Ewell sU¢Y KT17 ISP
Henry Wood Hall Limited Company Limited by Guarantee Trustees, Annual Report (InrPOrating the Director's Report) Year ended 31 March 2024 Structurtl govern¥Dee and management Constitution Hetsry Wood Hell Limited is regisl¢r¢d as & chariiable company limited by guararL*e and was s¢t up by a Memorandum of AssociatlOD a[ the lease gianted in 1973. The governing do¢urn¢nts comprise the chatity'$ MemoTandurtL atld ArtLcl¢s of Association and thc Ic&8e granted in 1973. The l¢ase was granted for 99 years in 1973 by The South London Church Fund and Southwark Dio¢esan Board of Finantt at a nominal rent subject to compliance with covenants within the lease. The restrieriwe ¢ovenant5 contsin¢d in the leasestipulate thatth¢ hall may only be UFLd &%an"Orchestral Reh¢arsal Hall and Recording Studio" b. Methods of appointment or eleetion of Trustee Truste¢5 can bc appointed at the AGM by a majority decision fmm the existing Trusttts. Appropriate training is pievided to new trustees Wh r¢quir¢d. Strategic decisions ate taken by the Trust¢cs. The day to day njnning of the¢haTity is tnanaged byAndrcw Stev¢n5 and Charles Stricklattd, whose pay is set by the Trustccs. The Trustees who s¢rvtd during the year wctC-. M Hohmam) D Jackson A L¢wis-Cr05by J Mackeftti¢ K McDowell A Rushton L Watt B Wordsworth D Burke Plans for future periods Th¢ TTUSte¢s aim to continuc to develop the hall's potential a8 a venue for rehearls.
Henry Wood Hall Limited CompAny Limited by Guarantee Trustees, Annual Report (Incorporating the Dir¢¢tor's Report) (Uhtimed) Year ended 31 March 2024 Objettive5 and activittes Strdtegie5 lor achieving •bj¢rtiv¢s The prtncipal actlvlty of the charity cotltinued to be that of the provision of a r¢lLearsal space for cla$$ical musicians. The chtirity's main objectives are.. To acquire and maintain a building or hall. To use the building or hall for the reheatsing or recording ofcotlcerts or other musical perfomjances by atly orchestr2 or association of musicians of whi¢h ihe objects are legally Ch1tble, or which hav¢ b¢¢n formed for the pU05C of performing classic21 tnusic of educational value. In order to accomplish the abDV¢ objcctives. it is essential that the charity tontiThuEs to operate by hiring out the hall and its faciliitcs. The ability Of the ¢harity to do so depend$ on the general ¢conoinic ¢tLvironment and i particular thc fJn8ncial strength of it5 CO njarket. In 5¢tting objective5 a]Jd planning for actLVjtie5, the Trustees have given du¢ cotL5Ld¢ration to general guidart¢¢ published by the Chwiry Commi55ion relating to public benefji in¢luding the guid3C¢,Pub1iC benefit.. ruttning a harity IPB21'. Public benefit StatÈmtllt ID shaping eur objettivcs and planning our activsties for the year, th¢ Tru5tee5 have given considerdiion to tlle duties set out in section 1715} of thc Chaiities Act 2011 to have duc regard to public benefit and to the Charity Conmiission Guidanc¢ on public benefit. The Tnjstees beli¢v¢ that the section 'Achicvements and perfonCe" relates iD detail to the benefii that the ChaTity provid¢s to the public. predominantly enabling n]any musical ¢hariiies listed (amateur gnd profcssionall to fulfil ih¢ir charitable objeciives thTOU8h its esscnliai provision of affordablc rehBaT5al and recording facilili¢s. Achievements and performance . Msin achievernents of the ehgrltsble tompithy The charity has expcritneed Strong growth in inwme, larg¢ly driven by the irtuea$ing d¢rnand for Henry Wood Hall as a premier venuc for the Tehearsaj and recording of classical music. This wotld-cla55 facility continues lo attract both long-SLdIng clients and a diverse group of new users fTom the ¢xpanding arts and music sector. Over the ye&r. wc invested in key improv¢ment5 to the building's infragtructure 10 enhance the cxperience for performers and producers alike. Noubly, our resident Steinway Piano underwent a comprehcftsive r¢novation, ensuring it meets the highest statjdards expected by our clients. The grOWll intere81 in PTtrfessional-grad¢ rehearsal spaces drivenbyihe reVery of live rfOanceSand digital stre2mingopportunitj has funh¢rsolidifLed Henry Wood HaJl'5 Posltion as a preferred thoiee in the industy. b. Key perforrnance indicator5 tncom¢ from hall hire, which rose fro]n £433,336 to £471,787. This increase underscores the rising d¢matLd for Henry Wood Hall as apremier venue fot Clall#l musicT¢hearsals and recordings. driven by both T¢turning clients and new u5er5 attracted to the tlall's ¢tthanc¢d facilities and reputstion. Review of 4ctivitit5 The Hejuy Wocxl Hall Continues to provide rehearsal and recording fi¢ilities for 8 full and varied range of users includÈn8.- The London Philharnonic Orchestra, Londort Symphony Orch¢5tr4 Philharmoni4Royal Phijhamiooi
Henry Wood Hall Limited Company Limited by Guaranlte Trustees, Annual Repor¢ (IncorporatiDg the Director's Report) {C¢JXtth#ed) Year ended 31 Mgrcb 2024 Orchestra, Royal Philhartnonic ConcertOrcheslr4 English National Oper4 Royal Ballet Sinfort12. ACadeY of St Martin in the Fields, Orchestra of th¢Age of EnliEhtenmtrt¢ Nation Symphony Orchestr4 Th¢ BBC Proms. The Monteverds Orchestr4 Hyperion Record& DECCA Records, Albion Records, Aurora Or¢hestr4 Rehearsal Otchestra, Glyndebourne Opera. The Oxford Philhzmionic Oichestr4 Royal Opern Hou54 Britten Sinfoni4 RG Lt Brighton Philharmonicorchestra, Kcnsirtgtort Symphony Orthestr4Thc Guild of Horns, Op¢Ta Rara, London Handel Orch¢5tr4 The Ferrier Awards, Mike Oldfjeld Tubu12r Bells Anniwersary Tour and nun]erous illdividual recording and filming projects. Financi#l T¢view a. Re5erve5 policy At 3 1 March 2024, th¢ ¢harity had total r¢s¢rvcs of £735.666 (2023.. £733.958) reprcscntcd by th¢ unrestrided nds of £449,02212023.. £433,863) and restricted funds of £286,644 {2023.. £3110.095). It is the policy of ihe harity that unrc5trictcd funds which have not been designaicd for a spccific use should be mairttairted at a minimum level equivalent to b¢twe¢n six months and a year's expcnditurc. The Trustees eonsider thai reserve$ at thi5 level will ertsure that. in th¢ ¢v¢tLt of a 5ignificmt drop in funding, they will be able to continue the charity'5 current a¢tiviti¢$while consideration 15 given to ways in which additional funds may bc iaistd. Whilst the eharity'5 reserves have not yet returned to the tninimuttl l¢vel set ot in the policy, the trusoes ¢ontinue to gradually r build the reserves in the postQOVID ¢ra. b. Finantial r¢vi¢w The Statement of Financid Activitses se( oui on page 10 of the fitwi¢ial #at¢rncnts shows how th¢ charity's incojning resources have been expended in the year ended 31 MaT¢h 2024. Total incoming rcsouFces amounted to £475,987 {2Q23.. £434,830) which comprised income frotn charitable 8ctivJties of £471.78712023.. £433,336). grant and donation income of £l.00012023.. £1,000) gnd bank interest received of £3,2(2023.. £494}. R¢50urces expended atnount¢d to £474,279 12023.. £480,560). with £420,374 12023.. £408,882} on charitable a¢tLVities and £53,90512023.. £71.6781 (kn related 5UPPQrt and governance c05t Overall. the ¢lLaTity reported a net surplus of £1.70& an improvement compared to the previous y¢aes net deficit of £45,730. The Balance Sheet sct out on page I l of the fJnartc2al statements thows the financial p051tion of th¢ ¢hdTity at 31 March 2024 and showed net &8*ts of £735.66612023.. £733.9581. Restricted funds comprise the cost of the purchas¢ ond r¢¢onstru¢tion of the ¢oncert hall, less the related actUTnulated depreciatLOn. c. Invt5tMent policy Thc investm¢tLt policy of the charity dictates that at)y spare funds are placed on deFx)sit with th¢ ¢harity deposit fund. d. PTineipal risk5 and untertsihtles The Trnstccs have assessed the major risks to which the charity LS exposed and are satisfjed that systems attd appropriate plans are in place to mitigate ¢xposur¢ to those ri5k5. The Principal risk 15 considered to bc a sudden and prolonged fall irt hall h¢ inco]n
Henry Wood Hall Limited Company Limited by Guarantee Trustees, Annual Report (Incorporatlng the Director's Report) Iron1[ld) Year ended 31 March 2024 Trustees, re5pon51bllltles stAtsmellt Tli¥ Trustee5, who are also directors for th¢ purposes of thnpany law. are T¢sponsible foi PlarijI8 the tTLESte¢5' report and the finnncial statctnents in llccordancc with applicablc law and Unitcd Kingdom Accounting Standards {Uniled Kingdom C)¢nLrally Aceepied Accouniing Praciic¢l. Company law requires the cknrily ITusiees lo prepllTe fin8ncial staletnents for each year which give a true and fair view of the state of affaits of the chllTitable cornpany and the inconiing r¢source5 and application of resouice includinE the incotne arLd expenditurG for that perir*J. In prcparing these ftnancial statetnenty the Trustees are requircd to.. 5¢Jecl 5uilable accounting policies and then apply Ihcm ton5l51Bntly,' observe the rnethods and principles in the applicable Charitics SORP., makc judgments tccouniing estimate$ ihat aTe Ira5onable and PTud¢nL The Trustees are responsible for kceping adequate a¢¢ouniirtg te¢ords thai are sufficicnl to show and cxplain the charity's iransaclions and disclose with reasonable accuraey at any time th¢ financial Posilion of lh¢ ¢haTily and enablethem lo ensur¢ thatthe financialstsfemenis ¢omplywiththe Compani¢sAct2006. ThcyaTC alsorcsponsible for Safeguarding the assets of thc chariiy and h¢n¢e fertsking Teasortab2e ep$ for the prevenliotL and detection of fraud and other iJreEu12Tities. Audltor Each of the peTSOll5 who is a TnLStee at the dat¢ of approval of this report confimJs thai.. so far gs th¢y are awarc, IhcTe is no relevattt audit infonDation of wliich th¢ CharitS audiior is unaware., and th¢y hav¢takcn all stcps that they outt0 have takc]] as aTnL5teeto inake Iheinselvesaware of any rclcvant audit inforn)alion llnd to establish thai the charity's audiior is aware of thai irtformation. Sm911 company provisions This report ha5 been pr¢pred in accord¢¢ with tbe provisiot%8 applicable lo compHnjc5 entitled to the small ¢ompanies cxemptiOJL The TnLStecg annual rcport was approvd on 3 Deccmbcr2024 and si8tt on behalf of the Board of Trusl¢es by.. A Lewis- Trustee Forand on bchalf of ihc Trustees Hejjry Wood Hall Litnit¢d
Henry Wood Hall Lfimlted Company Limited by Guarantee Independent Auditor's Report to the Members of Henry Wood Hall Limited Year ¢nded 31 March 2024 Opinion We have audiied ihe fLnantl21 statanents of Henry Wwd Hall Limited (the '¢harity) for th¢ year endcd 31 MaTch 2024 which cotnprise the statement of financial activities (including incom¢ and expenditure acco1), statement of financial position and the related note& including a summary of signifi¢anl accoiinting policies. The rjnancial reporting framewoik thai has been applied in their prq)aration is applicabl¢ law and Unitcd Kingdom Accounting Standards. including FRS 102 The Financial Reporting Standard appli¢thl¢ ui the UK and Republic of Ireland IUnit¢d Kingdotn Genernlly Arrepted Aecouniing Pr&cuc¢). In OUT opinion the financial statettL¢nl5'. give a tn]e and fairview of the State ofthe chaTity'S affairs as at 31 March 2024 andof its incoming rcsources and application of Tesourccs, including its income and cxpenditu. for th¢ yeaT then endal., h2ve been properly prepared fft accordance with Unitcd Kingdom Generally Accepted Accounting Practice. have been prePad in accordance with th¢ T¢quirements of the Companies Act 2QO6. Ba515 for opÉiiioii We conducted our audit in aceordance with Ijjtemational Standards on Auditing (UK) IISAS IUKI} 2nd applicable law. Our responsibiliiies under those standards art further described itl the audiloes respon8ibilili¢s for ihe audit of the fjnartciaj siaiernents 5Bction of our report. W¢ are indepcndent of the ctlarity in accordartce with the ethical requirements that are relevant to our audii of the financial 5tatrtn¢tLts in th¢ UK including the FRC'S Ethical Standard, and we have fijifjlled ourothercthical responsibilities in accoTdancewith theserequircmcnls. Webeliewe that the audit evidence we have obtained is sufficicnt and appropriate to provide a basis for our opinion. Contlu$lon$ rÈl•ting to golng eonttr In auditing the financial stateTn¢nts, we have cortclllded that the tnJstee8' usc of the going ¢oncern basi5 of a¢wunting in the prepardtion orth¢ financial statetnent5 15 appropriate. Based on thc work wc have pcrfonned, we hav¢ not id¢ntified any tnat¢rial uneertainiies relating to events or conditions thaL individually or collectively. may cast signifi¢#nt doubt on the charity's ability to continue as a going concern for a period of at least twelve months from wh¢n the fJJJancKal statements are authorised for i55ue. Our responsibilities and the responsibilitie5 of the tru5te¢s with rcsp¢ct to going concern are described in the relevant sections of this report. Other informatlon The other informaiion compris¢s th¢ information included in the annual repor¢ other than the financial statemellts and ourauditor's reportthereon. Th¢tTUSt¢¢5 are respon$iblc forthe other inforn)alion. Ouropiniou onth¢firLancial staterncnts doe5 not cover the oth¢T information and, exceptto the extentotherwise explicitly in OUT repoTL we do not expre55 any fonn of a55uratK¢ conclusion th¢r¢ Xtl ¢ontLection with our audit of the fancIal stat¢tnenE our r¢sponsibility is io read the other information and, in doing so, consider whether th¢ other information 15 materially incotLSi5tcnt with th¢ financial statements or our knowledge obtained in the audit OT otherwise appears to be mateT1211y miss1¢. If we identify such material incotLSiStencies or apparent material ttLisslat¢tn¢nt4 w¢ requiied to deterniine wheiher ther¢ 15 a material misstatement in the financial statements or a material misslatement of the oth¢T inforniation. If, based on thc work we have pcrfornied, we conclude that ttLer¢ is a materia] misstatement of this other infonnation. we are required to Tepon that fact.
Henry Wood Hall Limited Company Limited by Guarantee Independent Auditor's Report to tbe Members of Henry Wood Hall Limited (CvlitlM4fAJ Year ended 31 March 2024 We have nothing to report in this regard. Opinions on other matters prtscribtd by the Companit5 Act 21JJ6 In our Opinio based on th¢ work undertaken in the Course of the audit.. the information given in the trustees, r¢port for thc financial year far whi¢h the fjnttttial statements are pr¢par¢d is consistent with the fmancial statesnents; and the trustees, report ha$ ¥rten PTepared in accordance with applicable legal requiremcnts. Matters which we #re required to r¢port by txt¢ptio In the light of th¢ ktLowl¢dge and und¢T5nding of th¢ charity and its ¢nviTonment obtained in the coursc of the atsdit, w¢ have not identifled material mi55tatetnents in the trustee5' report. We have nothin8 to rcportinrcspcct of the following matter5 in relationto which the Compani¢s Act20(h5 r¢qU¢S us to report to you if. in our opinion.. 8d¢quat¢ a¢¢ouniing T¢¢ords hav¢ not been kew, or relljrns adequate for our audit have not been reeeived fiom b12nches noi visited by $. 01 the r)nancial st8l¢m¢nts ar¢ not in agreement with the accourtting records and returns. or certatn disclosures of trustees. remuneratirxi specified by law ar¢ not made. or w¢ tlave not rec¢iv¢d all th¢ itlforsnalion and explanation$ we requiTe for ouraudit: or the trustees were not entitled to prepare the finJn¢ial statements in 8¢¢¢Tdan¢e with the small companies regim¢ and take advantage of the small companie5, exemptions in preparing th¢ dir#tors' report and frotn the r¢quirement to prepare a trdtegic report. Respotisibilities of trustees As explained more fully Lrt the trustees, respon5ibilLties statemenL the trustees (who ar¢ also the dir¢¢tOTS for the purposes of company lawl are respon$ible foi the preparation of the fjnancial statements and for being sat15fi¢d that they give a ttue and faST view, and for such internal control as the tn]3tces dclerniine is nece55ary to enable the preparation of financial statement8 thai are free from material misstatemeni, whether due ¢0 fraud or tr. In prepaTin8 the fin2rtcial statements. the tttjsiees are responsible for assessing th¢ chity'S ability to wntinue as going conG¢rn. di5¢105ing, applicabl< tnatters related to going eoncem and usinE the 80ing concern basis of accounting unless the trustees either intend to liquidate the ¢harity or to ¢¢ase operations, or have no realistic alt¢rnativ¢ but to do so. Auditor's ruponsibilitie5 for the Audit of the financial stat¢m¢nts Our objectives aTe to obtairt reasonable &8suranc¢ about whether the fjnancial statements a5 4 whole aTC fr¢e froJn material misstst¢m¢nt. whether due to fraud or em)r. and to issue an auditor's report thAt irtcludes our opiniort. R¢a50nable assurance is a high level of assurance. but is not a guarami% that atl audit ¢ondu¢ied in 2C¢OTdanc¢ with ISAS IUKI will always detect 2 material misstatement when st exists. Misstatements call arise frotn fraud or error a[ ar¢ ¢onsid¢red mat¢rial if, thdividually or in the aggregate. they could reasonably be expected to influeCe the economic decisions of users tak on the bLS of these financial statements.
Henry Wood Hall Limited Company Limitsd by Guarantee Independent Auditor's Report to tbe Members of HeDry Wood HAII LitDited Year ended 31 M#rch 2024 trregtJiaritie& includin8 fraud, are instsn¢¢s of non-compliancc with laws and rtEuiations. We design procedures in lin¢ with our responsibiliti¢4 outlined abovt. to detect material misstztemeni$ irt respeet of irrtgularitics including fraud. The extent to which OUT woc¢dure5 arc capablc of dctccting regulaTi1]e& including fraud is detail below.. W¢ obtatt)ed an understanding of the legal and regulatory framewoik applicable to th¢ cornpany and thc sector in which it operal¢s. We detennine that the following laws and regulations were mosi significant.. UK Financial Reporting Standard for 5tnall and m¢dium Sized companies. the Companies Act 2006 and UK tsx laws. We obtained an understanding of how the company is complying with those legal and regulations framtworks by aking inquiries of tnanagement. We corroborated those inquiries thTotsgh our ieview of board teS and legal nd professional costs. We evaluated the design and implemerttation of rorltrols over the financial reportiti8 5y5tems and the effective[L5 of the control environment as part of OUT risk ass¢ssmenL We wessed lh¢ sus¢¢ptibility of the cotnpany'5 financial stat¢m¢nts to material mtssratcm¢nL including how fraud tnight occur. Audit procedures perfortJ)ed by the engagement team included.. id¢ntifyin8 ènd assessing the design and effectiveness of controls manag¢m¢nt ha5 in plwe to prevent and d¢t¢ct fraud. - obtaininE att uftder#anding of how those chargcd with 8ovemattce eonsider¢d and addT¢55ed the potential For ov¢rride of cvntrols or influence over the fjnancial reportinB proce4 hollenging assuJnptlQll5 and judgement made by managemcni iti its signifjeant a¢¢ounting c5tirtLat¢s: _ identifying and i¢Sting unusual journal ¢ntri¢s mad¢ by the managetnent: and assessing the exteni of tompliance with the relevani laws and regulations. Th¢ engagemeni path¢r assessed whetherthe managetnent team collectively had the aPPTopriut¢ eompetence at)d apabilitie8 10 identify and r¢cogni5e nonrfompliance withthcrelevartLlaw$andr¢gulatlOll5 through an assessment of the enBaE¢ment team'5.' understanding of. and practical cxpcrience with. audit engagements of o sitnilar and complexity. through appropriate trainTrDg and participation. and knowledge of th¢ industry in which the company operate. T¢am communication in re5PCCt of potential non- cornpliance with the law5and regulations and fraud including the potential for fraud in r¢venueTecognilionthrou8h transfer of infonnation from the order system to the accounting systsrn. A5 part of an audit in accordance with ISAS {UK}, we ¢xercise profession3J judgmcnt and maintain professii)JJal 5cepticism throughout ¢tL¢ audiL We also.. Identify and assess the risks of mai¢rial MISament of the fmancial stat¢m¢nt& whether due to fraud or Crror, design and perform audit procedures responsive to those risk& and obtain audii tvidence th#t is suffjcientand approprtate to provide a b45i% forouropinion. The risk of notdctcctirtg a tnaterial Jni55tatement resulting from fraud is higher than foT on¢ r¢sulting frorn error. as fraud may involve collvstoN forgery. intentional omission4 misTepi¢sentations, or th¢ override of intemal control. Obtain an undcrslanding of internal control rcl¢¥anl to the audit in ord¢r to design audit procedurcs that are appropTi#ie in the circumstanctt. bui not forthe purpose of exprtssing an opinion on the effectiveness of the intemal Control. Evaluatc the appTopriateness of 3QUtingP0j1CI¢S Used atld the re&sonableness of a¢¢ouniing¢siimate5 and related disclosures mad¢ by th¢ tTUSt¢¢s.
Henry Wood Hall Limited Company Limited by Guarantee IndepeDdeDt Auditor'5 Report lo the Members of Henry Wood Hall Limited Ye#r ended 31 March 2024 Con¢ludc on ihe appropFialeness of the trustees, use of the goinE concern basis of accounting and, based on th¢ audit evidence ob12ined, whether a material uncertainty exists ielzted 10 events r>r conditions th21 may ¢ast Significant doubt en th¢ charity's ability te continue as a Eoing conccm. If we conclude that a material uncertainty exists, w¢ are T¢qUited to draw attention our auditOT'S Tep)rt to the relaied disclosures in the financial statements i¥r, if such disclosures are inadequat< to modify ourepinion. Our conclusions are based on the audii ¢viden¢e obtsin up 10 th¢ dai¢ of our auditOT'$ report. How¢ver, futllt¢ ¢v¢Thts or conditions may cause the chatity to cease to continue as a Eoing coneem. Evaluat¢ th¢ overall pre5entatiot4 5trurtur¢ and cont¢tLtoCthe fLtLancLal 5ta*tn¢nt5. including th¢ disclosures. and whether the fjnancial statements wresetlt the undertyiThg trdns&ctiotL5 and evetlts in a Mn¢T that a¢hi¢v¢s fair pr¢senta(ion. We comrnuni¢at¢ with those charged with gov¢rtLance regarding. among other mattu4 th¢ planned scope and tirning of the audit aud Significant audit finding4 including any Significant dcfici¢n¢i¢s in int¢rllal ¢otstrol that we tdertlify during our audit. U$e of our report This report is made solely io ihe ¢h2Tity'S member& as a bfyly, in accerdance with Chapter 3 of Part 16 of th¢ Cotnpanics Act 2006. Our audit work has been urtdertakert so that we mighi sizte the ¢h2tsty's membeTS those ma¢ter5 we arc required to srate to them in an auditorfs report and for no other purpose. To thc fllllcst extettt permitted by law. we do not accepi 01 assume responsibiliiy to anyone other than the charity and the chaijiy's m¢mb¢rs as a body, for DUT &¢1 il work. for this report, or for the opirtions we have fomied. Sundry Sundar (Senior Statutory Auditor) For and on betlaifof Brook5 & Co. Chartered Accountants & Siath]tory Auditors 9 Cheam Road Ewell Epsom Surrey KT17 ISP 3 December 2024
Henry Wood Hall Limited Company Limited by Guarantee Statement of Financial Activities {including income and expenditmre account) Year ended 31 Mareh 2024 2024 Restrict¢d funds 2023 Unrestri¢i¢d d$ Total fud$ Tot31 fund5 r4ote Income wnd endowments Donations and legacies Charitabl¢ activiiies Investment income l.O(K) 471,787 3,200 1.0 471,787 3.200 I,)0 433,336 494 Total income 475,987 475.987 434.8JO Expenditure Expenditure on chtble activities Total ¢%p¢Dditure &9 460,828 13,451 474.279 480.560 460,828 13.451 474.279 480,560 Net incomelltxpenditllrel and net ll)ov¢ment in lund$ 15.159 1.708 145.730} Re¢on¢iliition of funds Total funds brought foTw2rd Total fullds carried ftsrwxrd 433.863 300.095 733.958 779,688 449.022 286.644 735.666 733.958 The statement of flnancial aclivitiE$ itLcludes all gaiDS and 1055C5 rrfognixd in th¢ y¢ar. All income and ¢xpendilUT¢ d¢TiV¢ from ¢oniinuittg activities. Tht notcs on pagty 12 to 22 forni part of thtse fJn8Dcial stattrnent io
Henry Wood Hall Llmited Company Llmited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 NDt¢ FLxtd a$5et5 Tangiblc fixed asscls 16 651,400 677,133 Cllrrtttt #55¢ts D¢bior5 Cash at bank Ènd iD hand 17 63,777 81.139 50,028 82.468 144.916 132.496 Creditor5: 2mount$ lalling dDe within onc yeHr Net current assets 18 52,488 58.335 92.428 74.161 Total assets less turrent liabilities 743,828 751.294 Creditor5'. amounts falling due Ylfter more thAn one year Net a55ets 19 8,162 17.336 735.666 733.958 Funds of the chatlty Restricted funds Unrestricted funds 286.644 449,022 300,095 433,863 Total charity 22 735.666 733,958 Thesc fEnBncial stslcments havc been prepared in accordance with tiie provisions applicable lo companics subject to ihe Sm1 conipanies, rebume. Th¢s¢ financial slai¢m¢nls wete approved bythe BoArd of Trustces 8t authoris¢d for issue ots 3 December 2Q24. fLI,, a-ul A Lewis- Trustse The Dotos oll p*Eos 12 to 12 port of tbuc finaD¢ial ststtJntDts. li
Henry Wood Hall Limited Company Limited by Gu#rantee Notes to the Financial Statements Year ended 31 Mar¢h 2024 Central information Henry Wood Hall Litnited is a private limited rompony litnited by guarantee incorporated itl England and Wales. The reBisteied offjee is Hetry Wood Hall, Trinity CtLurch Squar¢ LotLdon. SEI 4HU. Henry Wood Hall Limited is a giSt¢d clLaTity in England and Wales No. 270689 and Company registration number 01214781. Th¢ finathcial statements are presented in S*rlitLg (£1. which is the functional currency of th¢ company. Monetary amotsnts in th¢s¢ finarlcial statements are rounded to the ncartst £. Statement of compliance These financial ststements have been prepared in ¢ornplianc¢ with FRS 102. Th¢ Financial Reportin8 Standard applicabl¢ irl th¢ UK 4nd th¢ Republic of Ireland., the Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in th¢ UK and Republic of Ireland IFRS 1021 (Charities SORP (FRS 102)) and the Companies Ael 2006. AccotsTrtig policies BaSL5 of preparation The financial sratements have been prepared ort th¢ histori¢al cost ba514 a5 ]nodified by the rcvaluation of ertain financial assets and liabilities and investment properties measured ai fOr va]ue throllgh in¢ortLe or expenditure. The flnancial statements tr¢ prepared st¢rlin& whirh 15 the funGtional cutr¢ncy of the cntity- Golttg ¢oll¢¢r AfteT making enquiTies, the Trust¢¢s hav¢ a reasonable exrrttation that the company h&8 adequate resouw¢$ t(k continue in operational existence and meet ils liabili11¢s as thcy fall due for Ihe fDrcsccable Cuiure, being a period of at l¢asttw¢lv¢ months from the dat¢ these fjnancial statements wcreapproved. Accordingly, Ih¢y eontinut to adopt th¢ going concern ba5L5 ITr preparing the fmancial slatem¢nts. Interest reteivable Interest on funds held on dep)sit is included when r#eivabl¢ and tllf anJourJt b¢ In¢asud T¢liably by the charitable company. this is normally upon notifjcation of lh¢ uiieres¢ paid or payable by th¢ itLStitution with whom thc funds are dewsited. 12
HeDry Wood Hall Limited Company Limited by Guarantee Notes to the Financial Statements (rOhf1NCrf) Year ended 31 March 2024 Accounting policie5 C¥$h at bank and in hand Cash at bank and in hand includes £h and short-term highly liquid inv¢stsn¢nts with a short matutity of threc months or le55 from the datc of acquisition or opening of the dcp051t or 5iTnilar attounl. LiabilitleS gtld provi8ions Liabilities are recognIs when there is an obligation at the Balance Sheet date as a result of a past ¢ven¢ it is probablethai atr2n8fet of eco2Jomic bcnefit will bcrequircd in sett]emen¢ and the amountof thc 5¢tt1¢ment tan b¢ ¢stirnat¢d r¢liably. Liabiliti aT¢ r¢cognis¢d at the amourjt thatthe ¢haTitable ¢ompany anticipates Lt will pay to settle the debt or the amount it ILa5 r¢ceived a5 advanc¢d payjnents for ihe goods 01 setvices it must provide. Fund accounting General funds are utireslricted funds which are available for use at the disGrction of the Tn]$tc¢s in fuLth¢rance of thegeneral objective5 of th¢charitable company atld which have notbeen de$i8naled for other purposes. Restrtcted fund5 arc funds which are to be used in accordance with specific rtrIct10n5 imposed by donors or which have been raised by the charitsble company for particular purp05e5. The ¢osts of raising and admtnist¢rinE such fvnds are charged against the specific fund. The aim and usc of cach r¢slrirt¢d fund is set out in the notes to the fjnancial $taiemetsts. Incoming resouTce$ All incoTtL¢ i5 COg[lis¢d onc¢ the Gharitsbk COpanY has ¢ntktl¢menL to the income. it is probable that the income will be rcc¢iv¢d and the amount of irscome Tc¢¢ivabl¢ b¢ Thea$uTed reliably. Grants are includcd in the Statement of Fitlancial Activiti¢5 on a r¢ceivoble ba$is. The balance of irteome received for 5pecifJc purrM)ses but not expended during the P¢Tiod i5 show'n iti the ielevant bjnds OJJ the Balance Sheet. Where income is received in advance of entitlem¢nt of rcceipt, its recognillort is deferted and included in ereditors as d¢fert¢d income. Where entitlementoccur5 befo incom¢ is r¢¢¢ived, the incom¢ is accrued. Re8ourtes expended Exp¢nditUTC 15 T¢cogni5cd ODcr th¢r¢ is a l¢goJ or ¢wstructive obligation to transfer economic beneflt to a third party. li is probable that a transfer tsf ecortomic benefits wsll be required in settl¢m¢nt and the amount of the obligation can b¢ rncasured reliably. Expenditure is Classified by 2CllVlty. The costs of each activity are made up of the total of direct costs and shared ¢ost4 in¢luding support cOS involved in undert8king each a¢livity. Dir¢ct Costs attributable 2 single activity aTe allocated directly to that activity. Sharttd costs which contribut¢ to more than one activity alld support (Qsts which atc not attributablc 10 8 single activity
re apportioned between th¢ activities otl a basis ¢onsiste4)t with the use of resourees. All expenditure is
incJu5LV¢ of irCoverable VAT. Expcnditure on charitable activities is incurrcd on directly utldertaking th¢ adiviii¢S whi¢h fuTth¢r th¢ charitable company's objective& as well as any a)¢18t¢d support costs. 13
Henry Wood Hall Limited Company Limited by Guarantee Notes to tbe Fillancial Staternents (CtrM1lhj Year ended 31 March 2024 Accounting policies Tangible assets Tangible assets are initially Tecorded at cos( atld subsequcnlly staled al cost less any accumulat¢d depreciation and itrlpairment losses. Any tangible assets carTied at Tevalued amounts are Fecotded at the fair V21ue at the da of r¢valuatiott less aDy sub5equ¢nt accuttlulated depreciation and subsequent accumulated impaimient losses. An in¢reas¢ in th¢ carrying amount of an assct as a result of 2 revaluation, is rerognised in other recognised E2ins and loss¢s. unle55 it r¢v¢rses a charge for impaitment that has pteviously been recoErtised 85 ¢xpenditure within the statemetit Of financial activitie$. A decr¢as¢ in the carrying amount of an a55et as a result of revaluation. is reCognid in other recoEni$ed gaiJ)s and losses, ¢x¢ept to whi¢h il offsets any previous revaluation gal in which case the loss is showrt withirt other recogrti$ed gains and lo$s¢s otl ttle staiement of flnancial activitÈ¢s. Depreciation D¢preciatlOn j8 calculdted so as to off the Cost or valuation of assel le58 Its residual value, over the useful economic life of that asset as follow5- Long-temi leasehold promy Plant and machinery Fiyturts and fittings Straight12ne overthe rcmaining life of the le J3tyA 5trdight line 200/• reducing balance Impairment of fixed etS FancIal tt5 rn¢ared &t cost and amortised co# 8r¢ 455e55ed at the end of ¢&ch r¢p)rting period for objective evidence of impaim)ent. If objective evidenc¢ tsf itnFaiTtnent l5 found, an impairm¢nt 1055 is recognised in the income and expendituie account For financial asscts measured at ei)st less impairtnenL the impaiTm¢nt 1055 15 measured as th¢ dIffer¢t bctween the assets catryin8 amount atml the b¢ e5titnat¢ of th¢ ¥JtLount the charitabl¢ company would receive for the Lsset if it were to be sold at th¢ r¢porting date. If there is a decreÈs¢ in the impairment loss arLSill8 from an event occurring after the impaincnt wa recognised, the impainnent isr¢v¢r5¢d. Th¢ r¢v¢rsal i55uchthatthe currentcarrying amountdoes notexceed what the carrying aTnount would have been had the irnpairnient not previously been recogniscd. The impaimi¢nt r¢versal is r¢¢ogtLis¢d itl the income and exwjdiiure accourtL 14
Henry Wood Hall Limited Company Limited by Gu?r•ntee Notes to the Financial Statements (CQRlln4edl Year ended 31 Mgreh 2024 Accounting polieies Financial instrnmtnt$ Th¢ charity has ¢l¢¢i¢d to apply Stions I l and 12 of FRS 102 in r¢sp¢¢tof financial instruments. Financial 2ss¢ts and fitwJ¢iaJ liabilities are r¢¢ogJ]is¢d wh¥J th¢ ¢harity b¢¢omes party to the £ontracDJal provisions of the instrumcnt. Financial liabilities classsfied according to the sub5tatLCC of th¢ contractual arrang¢m¢nts ¢Dt¢rcd into. An equity instrument 15 Y contract ttlat ¢vid¢tLce5 a residual interest in th¢ ass¢ts of th¢ charity aft¢r deducting all of its12abJlitics. The charity'5 polkcies for its major classes of fjnancial Sets and financial liabilitLC5 ar¢ Set out b¢low FinRntiAI assets Ble fu¢181 assets, including trade aod otherd¢bioTS and ¢8sh and bank balLrttes, Ère initially recogrtised at tra]Jsaetion prit< wjless the arrangetnertt constitutes a fitknkn¢ing tr2ft8a¢tion, wh¢r¢ the transaction is measur¢d at the present value of th¢ futur¢ r¢¢¢ipts discounted at a Tnarket tate of inteTW for a similat debt instrumeni. Fin2nLing transactions are those in which paytnenl is defetred beyond nornial business ternis or is financcd at a rat¢ of inter¢5t that is not a market rat¢. Such Sets are subscqucntly carried at amortiscd cost using the effective int¢r¢5t In¢th0 le55 any impairmenL Financial liabilities Basic fLnancial liabilities, includinE iradt and other crcdilors and bank loans, are initially rccognised at trarts&ctiort price, unless the artangemerti cortstituies a fllwicing transactio whcr¢ th¢ debt instrum1 is measured ai the present valuei)f the future payments dixounitd at a market rate of interest for a Similar debt instrment. Financing ttansactions are thosc in which payment is deferred beyond noThnal bu5Lne55 terms or is fjnanced ai 2 ra of illierest that is nota market rate. Debt instnjmertts 2te subsequently eartied at amortised cos¢ usin8 the effectiv¢ intcrest rak method. Derecognition of financial ¥$sets ¥nd fancIal li¥biliti¢s Financial a¢t5 arc de[tgniSed when (a) the contractual nghts to th¢ cash flow5 from the Se1 ¢XPjT¢ or are settled. or Ibl substantiaIly all the risks and rewards of the ownership of the ass¢t ar¢ transf¢ed io another party or Icl despit¢ having rctained some signifleant risks and reward5 of owTh¢r5hip, wntrol of the assct ha5 bcen transf¢rrcd to another party who has thc practical ability to unilaterally sell the asset to an unrelated third paty withoui imposing additional restrictions. Financial liabilities are deTeco8nised when the liability is extin8uished. that is wh¢Th the eontracbjal obligation is di$charged. cat]celled or expires. Offsetting of financial a55ets and financial liabilities Financs&1 aetS and liabilities are offset al the net amount reported in the balatLCe shttt wheih there is aTh cnforceable right io set off the recognised amounts and there is an intcntÉon to 5¢ttl¢ on o n¢t basis or to rcalisc the asset and settle thc liability simultaneously. 15
Henry Wood Hall Limited Compally Limited by Guarantee Notes to the Finaneial Statements (¢oJtAhued) Year ended 31 March 2024 Attouttting politie5 Defined contributÉon pt4ns The company operates a defined contributionplan for its employccs. A dcfincd conlributionplan isa pension pl under which the company pays fLxed contributions into a separate entity. Once the contribution8 have been paid th¢ company has no fvrther payment obligations. The contributions aTe recogniscd as an expense in the income and expendituie account whcn they fall due. Amounts not paid are shown in accruals as a liability sn the balance sheeL The assets of the plan are held Separately from thc company in indcpcndcntly administcred funds. Limited by guarantee Her Wood Hall Limited operdt¢s gs both a regi5t¢r¢d charity md a company limjted by guardjjtee. As 8 member. th¢ financial liability is lin)it¢d to £1. which will be contributed in the unlikely ev¢nt of th¢ Company being wound up. or within one after membership ceases. This structure ¢n5ur¢5 that the Company's incom¢ and assets are used exclusively for its musical and ¢ducaiional obje¢iive% benefiting the public and 5upporiing the art151ic development. Memtcrship and partLCLpation ae vital to the success and sustainability of the company. Donat10115 legacies Unrestricted Totsl Funds Funds 2024 UtestriCted Total Funds Funds 2023 DollAtions Donaiiens 1,000 1,000 I,tx)o Charitable activitie$ UnrestTictsd Tot*1 Futtd$ Funds 2024 Unrestricted Total Funds Funds 2023 Income from charitsble activities 471,787 471,787 433,336 433,336 Investment in¢om¢ UDrestricted Total Fund5 Funds 2024 Unr¢stri¢tal Totsl Funds Funds 2023 Bank intcrest 3.200 3.2QO 494 494 16
Henry Wood Hall Limited Company Limited by Guarantee Notes to the Financial Statements fcowiimuedl Year ended 31 March 2024 xpenditure on ¢hgritable ictivitit5 by fund type Unrtstri¢ted Funds Re5tri¢¢ed Total Funds Funds 2024 Charitable aeiivities Support costs 406.923 53.905 13,451 420.374 53.905 460.828 13,451 474,279 Unrestricted Funds R¢51ricted Total Fund5 Futlds 2023 Charitable activili¢s Support costs 395,431 71.678 13.451 408.882 71.678 467.109 13,451 480.560 Expenditure charitablt o¢tLVlties by activity type Activities undertaken directly Support Total funds tosts 2024 Charitable ¥tivitie5 420,374 53.905 474.279 Activities undertakert directly Support cost5 Total futtds 2023 (Tharitable activities 408.882 71,678 480.560 10. Analysis of dired costs 2024 2023 Staff costs Depreciation Rates & Water Insurance LiEht and Heat Repairs & Maintenan¢e Piano tuning Prinlirtg? postage and office related expense T¢l¢phoDe Computer costs Bad Debts and doubtful debts 178.331 25,733 8.200 47.112 26,471 45.846 4,5 60.688 3.265 11002 174.441 26.165 10.769 42.236 22,079 36,929 12.885 57.885 6.926 10,327 11 7.936 8.240 420.374 408.882 17
Henry Wood Hall Limited Company Limited by Guarantee Notes to the Financial Statements fcoJrtyTrued) Year ended 31 March 2024 IJ. An#ly$is of Support e05ts Anslysi8 of support tost5 g¢tivity Tot412024 Toial 2023 Governance costs Travelling expenses Entertaining Sundry expet Bank charges Casual labour Interest 15.286 2,958 2,605 259 430 31,780 587 15.286 2,958 2,605 259 430 31,780 587 22.076 4.801 2,477 822 340 40.334 828 53,905 53,905 71,678 12. G•vunance costs 2024 20 Audit fees Undcr provision of prior year fees Other professienal fees 6,000 5.261 4.025 10,000 2.940 9.136 15.286 22,076 13. Net in¢omellexpenditurel N¢t incomel{expenditurcl 1$ sM¢d aft¢r GharginFJ(rdit1Thg1.. 2024 2023 Depreciation of tangible fLKed a55ets 25,733 26,165 14. Staff <osts The totsl stsff costs and employee betlefits lorthe reporting period sre snalysed as follows.. 2024 2023 W2ges and saltiries Soctal security r05ts Employ¢rwntributiotL8 to pension plans Other ¢]nployc¢ benefits 151.989 l3.464 12.159 919 129.491 18,565 26,385 178,531 174.441 18
Henry Wood Hall Limited Compally Limited by Gu#r#ntee Notes to the Financial Statements (¢Oftll*Mé41 Yvar ended 31 March 2024 14. Staff f o$tS Th¢ average head count of cmployee8 during the year 2 {2Q23.. 21. Th¢ av¢rage number of full-time equivalent employees during the year is analysed as follow5.. 2024 2023 Staff The number of employees whose r¢mulleraiion for the year fell within th¢ following bands, wer¢.. 2024 2023 £70.0 10 £79,999 15. Trustee remllneratltsth #nd txptnsts During the y¢ar, no Trustee received any remuneration or other [AtrIts12023 - £NILI. During the ycaT ended 31 March 2024. no Trnstcc expetses have bccn incurred {2023- £NIL). 16. Tangible flxed assd$ Long kasehold prortY Plant and Fixtures and machin¢ry fittings Total Cost At l ApriE 2023 athd 31 Mareh 2024 1.021.360 166.172 250.267 1.437.799 Depreciation At l April 2023 CILarge for th¢ year At JI March 2014 375.696 13.451 149.679 9,286 23S.291 2.996 760.666 25.733 389,147 158,965 238,287 786.399 Carrying gmount At JI Mar¢h 2024 632,213 7.207 11.980 651.400 A131 Mar¢h 2023 645,664 16.493 14.976 677.133 17. Dtbtors 2024 2023 Trndc debtor5 Prepayments and accrued income Other dcbiors 59.810 3.022 945 49.009 1.019 63,777 50,028 19
Henry Wood Hall Limited Company Lirnited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 l& Creditors: amounts falling due within one year 2024 2023 Bank loatis and ov¢rdraft5 Trade creditors Accruals attd d¢f¢iTed incotn¢ Social security and other i&Yes Oth¢r creditors 10.648 6,216 12.144 8,675 14,805 10.648 11.581 23,386 12.720 52.488 58.335 19. Credttors: gmounts falliug due after mort than ont ye2r 2024 2023 Bank loans and overdrafts 8,162 17.336 The barlk loan is gUanteed by the UK Gov¢rnm¢nt under th¢ Boutjce Back Loan S¢hem¢ Guarantee. Int¢r¢st accrues on the bank loan at 2.5% per annum. 20. Deferred income 2024 2023 Amountdeferred in year 2.025 4,350 21. Pensions and other post rttir¢tn¢nt benefit5 Defjned tonttlbutlon pl•D$ The amourtt recognised in income orexpendithjre ¥ an ¢xp¢tL5¢ itl relation to defined contribution plans was £12.15912023.. £26,385). 22. Anaty5is of tharitable fund5 Unrestricted funds Ai l April 2023 At Expenditure 31 MArth 2024 Income Genera] funds 433,863 475.987 1460.828} 449,022 At l April 2022 At Expenditur¢ 31 Marrh 2023 Incorne General fuT5 466.142 434,830 (467,109) 433,863 20
Henry Wood Hall Limited Company Limited by Guarantee Notes to the Financial Statements (toAllh#gd) Ye9r ended 31 March 2024 22. Analysis of chrlt#bl ftshd$ (¢4wANi4dJ Restricted fund5 At l April 2023 At Expthditure 31 M&reh 2024 Income R¢stri¢*d funds 300.095 (l3.4511 286.644 At l April 2022 At ExpdituTe 31 March 2023 tncome Restricted funds 313.546 {13,451) 3QO.095 Restrictrd fund Restricted fund 2024 2023 Southwark grmt Donation (Developmcnt & reconstDJCtion) {243,8611 (42,7831 {243,861) 142,7831 (243,8611 1562341 {243.8611 (56,234) {286,6441 {286,6441 (300.0951 {300.0951 The Southwark grant was from Southwark Eiehearsal Hall Limited for the purchase of the lease of Henry Wotsd Hall in January 1973 plus associated c051s. Thedonation iva5 also from Southwark Eiehcarsal Hall Limited itt respect of development and reconstnjctio Costs in the surn of £460.562. The balance on this fi2nd h85 been adjusted toreflect the net book valy¢ of the fLxed &88eLS fanced by these funds. The resouices expended Teprescnt a depriall0ll thaTge of £13.451 Lfl T¢5pect of the fixed dsscts acquired within the restrIcd furtds. 21
Henry Wood Hall Limited Compatty Limited by Guarantee Iyotes to the Financial Statements Year ended 31 March 2024 23. AnAlysis of net assets betwe¢n fund5 Unrestrltted Funds Rtsttleted Totsl Funds Fund5 2024 Tangible fixed as5¢ts Cutt¢ftt ass¢ts CFedilor5 le55 than l year CTtditors greater than l year Net 2$set$ 364,756 144,916 152.4881 18,1621 286,644 651.400 144.916 152,4881 18.1621 735.666 449,022 286,644 Unrestricfrd Funds Resrricted Totsl Funds Funds 2023 Tangible fjxed assets Current a55¢ts Credilors l¢ss thatl l year Creditors gr¢at¢r than l year Ntt #55¢ts 377,038 132,496 {58,3351 {17,3361 31KJ,095 677.133 132,496 158.335} (17,3361 733.958 433,863 3tXl,095 24. Ptnsion eommitments Th¢ ¢haTity operatt5 a deflned contributions pension $cheme. The assets ofthe scheme aTe held separately fTOtn th05e of the chlty in an independently administered fund. The pension Cost charge psents eoutribution5 payable by the charity to the fund and 2tnounted to £12,15912023.. £26.3851. At 3 1st March 2024, £10.66712023.. £2.9571 was owed to the pension Scheme. 25. Related parties Incoming resources include hall hire charges of £lQ2.680 {2023- £117,800) from ¢niitie5 of which some of the charity'sTrustees are al$0 DirectOTS OT'frustee5. The f¢¢s charged are at a small discount to the standard h811 chatges. Ai the year en4 in¢lud¢d in trad¢ debtor5. ther¢ were balances amouniing to £32,77012023 - £8.55ll duc fmm entittes of which 3otn¢ of the dwity'5 Trustee5 are also Directors or Trustees. 22