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2023-03-31-accounts

ARMSTRONG HALL, THORNBURY (REGISTERED CHARITY NO. 272883)

ANNUAL REPORT 2022-23

The Charities (Accounts and Reports) Regulations 1995

CHARITY NAME: ARMSTRONG HALL, THORNBURY

ADDRESS: TOWN HALL, OLD POLICE STATION, HIGH STREET, THORNBURY, BS35 2AR TRUSTEE: THE SOLE TRUSTEE IS THORNBURY TOWN COUNCIL

MANAGEMENT COMMITTEE:

(a) Appointed by Thornbury Town Council and served during the year

  1. Jayne Stansfield (Chair of Trust) 2. Chris Davies (Vice Chair) 3. Clive Parkinson (Secretary) 4. Guy Rawlinson (Treasurer) 5. Angela Symonds 6. Maggie Tyrrell 7. Fiona Deas 8. James Murray 9. Shirley Holloway

(b) Appointed by Armstrong Hall (Users) Advisory Committee 10. Gill Dunkley 11. Barbara Ray

(c) Appointed by the Armstrong Trust 12. Vacant

CHARITABLE OBJECTS:

For use as a public hall or halls or community and recreation centre and ancillary uses for the recreation and leisure time occupation of the inhabitants of Thornbury and the neighbourhood including use for meetings lectures and classes without distinction of political religious or other opinions with the object of improving the conditions of life for the said inhabitants.

TRUST FUNDS:

The Charity is not endowed with funds and the Trustee holds only the buildings and the land upon which the buildings stand.

LAND & BUILDINGS: The Charity owns the Freehold of the following buildings known collectively as the Armstrong Hall Complex:

(i) The Armstrong Hall, Chapel Street, Thornbury

(ii) The Cossham Hall, Chapel Street, Thornbury (iii) Miss Saise's Cottage, adjoining 67 High Street, Thornbury (iv) 4 Chapel Street, Thornbury (i)-(ii) currently closed and under review. (iii) currently empty and under review. (iv) Currently let to another local charity (The Thornbury and District Heritage Trust), for use as a museum.

STAFF: All activities relating to the hall are carried out by Town Councillors as volunteers.

ARMSTRONG The funds are managed by Rathbones Investment Managers REDEVELOPMENT FUND: ACCOUNTS: Income and expenditure accounts, together with balance sheet and profit and loss account are incorporated within this report.

Armstrong Hall Chair’s Report 2022-23

As of March 31st 2023, the situation is much as reported in the Chair’s Report 2021-22.

The Armstrong Hall remains permanently closed, while efforts are made to resolve the situation, which is exacerbated by the cost of insuring an empty building.

The Trust has continued to explore the possibility of working with South Gloucestershire Council and the Thornbury Community Building Trust, who respectively own and run Turnberries Community Building to seek alternative premises to build a community hall to replace the current buildings.

To generate the necessary fund base, it would require selling the current Armstrong Hall Complex. The Trust will, before any final decision is made regarding the future of the site, consult with past user groups and Thornbury residents.

Jayne Stansfield

Chair, Armstrong Hall Trust

ARMSTRONG HALL THORNBURY REGISTERED CHARIT

BALANCE SHEET AS AT 31 MARCH 2023

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2023 2022
LONG TERM ASSETS
Land & Buildings £ 2,778,649 £ 2,778,649
Plant, Furniture, Equipment & Stock £ 49,578 £ 51,644
TOTAL LONG TERM ASSETS £ 2,828,227 £ 2,830,293
CURRENT ASSETS
Trade Debtors £ - £ -
Bank Current A/C £ 10,967 £ 28,818
Bank Instant Access A/C £ 10,078 £ 29
Petty Cash £ 43 £ 79
Investments £ 121,352 £ 123,333
VAT Control £ 207 £ 543
£ 142,647 £ 152,802
CURRENT LIABILITIES
Sundry Creditors a -£ 1,699 -£ 3,094
£ (1,699) £ (3,094)
TOTAL NET CURRENT ASSETS £ 140,948 £ 149,708
TOTAL ASSETS £ 2,969,175 £ 2,980,001
NET ASSETS REPRESENTED BY
Long Term Assets £ 2,828,227 £ 2,830,293
General Fund Balance £ 19,596 £ 26,346
Earmarked Reserves £ 121,352 £ 123,362
2,969,175 £ 2,980,001
CERTIFICATION
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The above Statement represents fairly the financial position of the Charity as at 31 March 2023 and reflects its Income & Expenditure

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Treasurer to the Trust
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Page 1
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ARMSTRONG HALL THORNBURY REGISTERED CHARITY

MOVEMENT OF LONG TERM ASSETS AS AT 31 MARCH 2023

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2023
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LAND & BUILDINGS (At Insurance Valuations)
Armstrong Hall £ 2,458,984
4 Chapel Street £ 233,603
Miss Saises Cottage £ 86,062
£ 2.778.649
Insured Value 31.3.22 £ 2.778.649
Increase in Value during 2022-23 £
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PLANT FURNITURE & EQUIPMENT
Armstrong Hall B/fwd £ 51,282
Additions
Disposals
Depreciation _£_(2,051)
£ 49,231
4 Chapel Street B/fwd £ 362
Additions
Disposals
Depreciation £
347
£ 49,578
TOTAL LONG TERM ASSETS £ 2,828,227
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Page 2
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ARMSTRONG HALL THORNBURY REGISTERED CHARITY

INCOME & EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
INCOME
Rent
4 Chapel Street		 3,450 3,450
Dividends Received 1,821 -
Interest Received 113 37
Donations/Grants Received - 32
Town Council Grant 25,929 -
TOTAL INCOME 31,313 3,519
EXPENDITURE
Rates & Water 761 759
Insurance 10,838 3,815
Telephone 113 -
Heat & Light 552 3,093
Accountancy 700 600
Repairs & Maintenance 634 836
Loss on valuation of Investments 2,930 -
Professional Fees 23,247 4,407
Bank Charges 78 55
Sundry Expenses 224 104
TOTAL EXPENDITURE 40,077 13,669
EXCESS OF EXPENDITURE OVER INCOME (8,764) (10,150)

Page 3

Report to the trustees Charity Name -fH i. U Q k t , -rv» On accounts for the year Charity no ended (if any) Set out on pages ^ ^ (remember to include the page numbers! of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended DO / MM / YYYY.

Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report 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 all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent [The chariiyisincome exceeded £250,000 and I am qualified to examiner's statement undertake the oxomine-tion-by-bemg-e-qualified me mber of [insert name of applicablo listod bedy]]. Delete [ ] if not applicable.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect:

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

Please delete the words in the brackets if they do not apply.

Signed: OuJ Q i d o a c f c Date: 9 . qualification(s) or body IER 1 Oct 2018

(if any): Address: C o a c h m o o cc, O v js t .srrt> »_ * 3 6 3 5

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