REGISTERED CHARITY NUMBER.. 279969 Trustees, Report and Unaudited Financial Statements for the Year Ended 31 March 2025 for Blakeney Willage Hall and Pavilion Trust Stephenson Smart (East Angli31 Limr(ed 10 Oak Street Fakerbham Norfolk NR219DY
Blakeney Village Hall and Pavilion Trust Contents of the Financial Statements forthe Year Ended 31 March 2025 Page Trustees. Report Independent Examiner's Report Statement of Financial Actlvitrès Balance Sheet Notes to the Financial Statements 6 to 13 DetaÈled Statement of Financial Activities 14
Blakeney Village Hall and Pavilion Trust Trustees, Report for the Year Ended 31 March 2025 The trustees present their report and the unaudited finanoal statemerhts of the charity for the year ended 31 March 2025. Objectives and artivities The object of the Charity. in accordance wtth its Trust Deed. is to improve the condition5 of life for the village's inhabitants. The principal activity of the Trnst is the provisron and maintenance of Blakeney Village Hall. This is achieved by the hiring out of the hall and the running of a bar as an adjuntt to certain hirings. The Tru5tee5 confirm they have refee to the general guidance issued by the Charity Commission on public benefit. Athievements and performance The Committee believes the Trust's affairs to be satisfactory. Hiring fees are intended to cover the running costs of the hall and any surplus is generated from the bar. The Trust coritinues to rely upon the unpaid seryices of several individuals who live within the locality. The financial position of the Trust remains secure with any surplus fund5 being invested in a deposlt fund held by the CCLA. Financial review At 31 March 2025 the Trust had total funds of £275.744 12024= £262.2501. Of these. £123.61312024.. £123.6131 are restricted and fully invested in property. Unrestritted funds are £152,13112024.. £138.6371. of which £22.505 12024- £8,465) are free reserve5. that is not represented by fixed assets and is therefore expendable. The Committee consider the re5erve5 sufficient to maintain the fabric of the building and provide adequate fund5 for the day-to-day running of the Village Hall. The Trust received no restricted funds throughout the year. The accounts have been prepared on a receipt and paymerbt basis for both the current and comparative years. Struclurej governante and management Blakeney Village Hall and Pavilion Trust Is a registered Charity Ino. 2799691 and was estsbli5hed by Trust Deed dated 31 March 1980. The accounts are compliant with current statutory requirernents in acco¥dance with the Trust Deed. Trustees are elected at the Annual General Meeting based on the conditions detailed in the Trust Deed Iwith the exception of casual vacancies which are filled at a Trustee meeting). Under the Trust Deed all Trustees are required to retire at the AGM but are able to offer themselves for re-election. Trustees will be appointed or reappoillted annually at the Annual General Meeting. All newly appointed Trustees will be given a copy of the Charty Commission 8uidance notes settinE Out rhe duties of a Trustee to ensure awarene55 of their responsibilities. Reference and 3dministrative details Registered Charity number 279969
Blakeney Village Hall and Pavilion Trust Trustees, Report for the Year Ended 31 March 2025 Principal addres5 eiakeney Village Hall Langham Road Blakeney Norfolk NR25 7PG Trustees Mr5 E Barnett Mr M Jardine Mr R Daley (resigned 1.6.2Q251 Mr R Baughan Mr E Hackford Iresigned 1.6.20251 Mr R Millward Iresigned 1_6.20251 Mr A Scott (resigned 1.4_20241 Mrs J E Armstrong (resigned 1.6.20251 Mr A T M Ryve5 lappointed 1.6.20251 The charity has taken out third party indemnity insurance of beh31f of all of its trL*Stees. Independent Examrner Stephen50n Smart (East Anglial Limited 10 Oak Street Fèkenham Norfolk NR219DY Ir11,,12QLS Approved by order of the board of trustees on ..........................._................. alld signed on its behalf by.. Mr R 8aughan- Trustee
Independent Examiner's Report to the Trustees of Blakeney Village Hall and Pavilion Trust I report to the trustees on my examination of the financial statements of Blakeney Village Hall and Pavilion Trust I'the charity'l for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the charivs trustee5. as a body. in accordance %wth settion 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required to srate to them in this report and for no other purpose. To the fullest extent peTmitted by law. I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a b¥, for my wotk. for this report, or for the opinions I h3ve formed. Responsibilities and basis of report As the trustees of the charity you a responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 20111.the Art'l. I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Cornmi5sion under section 14515llbl of the Act. An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor consider5 in giving their opinion on the financial statements. The planning and cc*ndurt of an audit goes beyond the limited assurance that an independent examin3tion can provide. Consequently l express no opinion as to whether the financial statements present a 'true and fair, view and rny report is limited to those specific matters set out in the independent examiner's statement. Independent examiner's statemet)t I have completed rny examination. I confirm that no material matters have corne to my attention in connection with the examination giving me cause to believe thai in any material respect.. - accounting records were not kept In fe5pect of the charity as required by section 130 of the Act.. or the financial statements do not accord with those records- or the financial statements do not comply with the applicable qUIrements concerning the form and content of accounts set out in the Charities IAccounts and Reports) Regulations 28 other than any requirement that the accounts give a 'true and fair view which is not a rnatter considered as part of an independent exarnination. I have no concerns and have come across no other matter5 in connertion with the examination to which attention should be drawn in this report in order to enable a proper understandsng of the financial statements to be reached. Martyn Benstead FCCA Stephenson smart (East Anglial Limited 10 Oak Street Fakenham Norfolk NR219DY
Blakeney Village Hall and Pavilion Trust Statement of Financial Activities forthe Year Ended 31 Marth 2025 31.3.25 Totsl lunds 31.3.24 Total funds Unrestricted fvnd Restricted fund Notes Income and endowments from Donations and legacies Charitable activities Charitable attivitie5 40.450 40.450 19,651 Investrnent income 27 27 26 Total 40.577 40.577 19,717 Expenditure on Raising funds 7.159 7.159 3.888 Charitable artivities Charitable activities 19.924 19,924 23.132 Total 27.083 27.083 27,020 INCOMEIIEXPENDITUREI 13.494 13.494 17,3031 Reconciliation of funds Total funds brought forward 138.637 123.613 262.250 269.553 Total funds carried forwar(I 152.131 123.613 275,744 262,250 The notes form part of these financial statements
Blakeney Village Hall and Pavilion Trust Balance Sheet 31 March 2025 31.3.25 Total funds 31.3.24 Totsl funds Unrestricted fvnd Restricted fund Notes Fixed assets Tangible assets 129,626 123.613 253,239 253,785 Current assets Stocks Cash at bank and Èn hand io 500 22.W5 51X) 22.OD5 350 8,115 22.505 22.505 8,465 Net current assets 22.505 22.505 8,465 Total assets less current liabilitles 152.131 123,613 275.744 262,250 NET ASSEts 152,131 123,613 275.744 262,250 Funds Unrestricted funds Restricted funds li 152,131 123,613 138,637 123,613 Total funds 275,744 262,250 The financial statements were approved by the Board of Trustees and authorised for issue on ..Iq l.:: l knLS - and were signed on its behatrf by.. MrRBau tee T M Ryve5- Trustee The notes form part of these financial statements
Blakeney Village Hall and Pavilion Trust Notes to the Financial Statements forthe Year Ended 31 March 2025 General information The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is Langhaffl Road, Blakeney. Holt. NR25 7PG, England. Atcounting policies Basis of preparation These financial statements have been prepared in compliance with FRS 102. The Financial Reportin8 Standard applicable in the UK and the Republic of Ireland.. the Ststement of Recomwnended Practice applicable to charities preparing their accounts in accordance wtth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Icharities SORP IFRS 10211 and ihe Chatttie5 Act 2011. The financial statements have been prepared on the historical cosi basis. as modified by the revaluation of certain financial assets and liabilities and investment properties measured ai fair value through income or expenditure. The financial statements are prep3red in stedin& which is the functional currency of the entity. For the current year the accounts have been pPared on a receipt and payment basis. The cornparative year was prepared on the accruals basis. Going Concern There are no material uncertainties about the charity'5 ability to coniinue. Incoming resources All incoming resources are included in the statement of financial attivities when revenue is received by the charity. The following specific policies are applied to parttcular caregories of income.. - income from donations or grants is recognised when revenue is recerved and can be measu¥ed reliably. - legacy income is recognised when {IeVed and can be measured reliably. income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably. in which case the *alue 15 derived from ihe cost to the dono¥ or the estimated resale value. Oonated facilities and services are recognised in the accounts when received if the value can be reliably rnea5ured. No amounts are included for the contributron of general volunteers. income frorn contracts for the supply of seNices is recogni5ed on the ceipt of income on the contracted service. This is classified as unrestricted funds unless there is a contrartual requirement for it to be Spent on a particular purpose and returned if unspeni. in which case it may be regarded as restricted. Resources expended Expenditure is recogni5ed on the cash basis when expenditure is paid. Expenditure includes any VAT which cannot be fully recovered. and is classified under headings of the staterllent of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising actiwties. events. non-charitable trading activities, and the Sale of donated goods.
Blakeney Village Hall and Pavilion Trust Notes to the Financial Staternents- continued for the Year Ended 31 March 2025 Accounting policies- continued Resources expended expenditure on charitable actsvr(ies includes all costs Incur by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries. including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expendtture that is neither related to raising funds for the charity nor part of tts expenditure on charitable activities. AII costs are allocated to expendFture categories reflecting the use ol the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared cos15 are apportioned between the activitie5 they contribute to on a reasonable. justifiable and consistent basis. Tangible fixed assets Tangible a55et5 are initially recorded at cosr. and subsequentty stated at C05t le55 any accumulated depreciation ènd impaimient losses. Any tangible assets carried at walued amount5 are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accurnulated impairment losses. An increase irb the carrying amount of an asset as a 51t of a ValuatIon, is recognised in other recognised gains and 105se5. unless r( reverses a charge for impaimient that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carying amount of an asset as a result of revaluation, is recogni5ed in other recognised gains and losses. except to which tt offsets any previous revaluation gain, in which case the loss is shown wthin other cOgned gains and losses on the Statement of financial activities. Depreciation Depreciation is calculated so as to write off the cost or v3lvation of an asset. less tts residual value, over the useful economic life of that asset as follows: Fixtures and rrtings 12% Straight line stock5 Stocks are measured at the lower of cost and estimated selling price less costs to complete and Sell. Cost includes all costs of purchase. costs of conversion and other costs incurred in bringing the stock to its present location and condition. Impairment of fixed assets A review for indicators of impairrnent is carried out at each porting date. with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly_ Prior impairments are a150 reviewed for possible reversal ai each reporting date. For the purposes ol impairment testing, when it is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the ca5h-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generate5 cash inflow5 that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill. the goodwill acquired in a business combination is. from the acquisition date, allocated to each of the cash-generating units that are expetted to benefit from the synergies of the combination. irrespective of whether other assets or liabilrties of the char¥ty are assigned to those units.
Blakeney Village Hall and Pavilion Trust Notes to the Financial 5tatements- continued for the Year Ended 31 March 2025 Accounting polities- continued Taxation The charity is exempt from tax on its charr(able attivitie5. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes withtn the object5 of the charity. Restrictioris arise when specified by the donor or when fvnds are raised fokr particular restricted pvrposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Financial Instruments A financial asset or a finanoal liability recogni5ed only when the charity becomes a party to the contrèctual provisions of the instrument. Basic financial instruments are initially recogni5ed at the amount recefrvable or payable including any related transaction costs. Current 355ets and current liabilities are subsequently measured at the cash or other consideratiorb expected to be paid or received and not discounted. Debt instrurnents are subsequently measured at amortised cost. Where investments in sha5 are publicly traded or their fair value cèn otherwise be rnea5ured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such inve5trnents are subsequently measured at C05t les5 impaimient. Other finanoal instruments. including derivatives. are inrtially recognised at fair value, unless payment for an asset is deferred beyond norm31 business terms or financed at a rate of interest that is not a market rate, in which case the asset 15 measured at the present Value of the future payrnents discounted at a market rate of interest for a similar debt in5trvment. Other tinancièl instruments are subsequently measured at fair value. with any changes recognised in the Statement of financial activities. with the exception of hedging instruments in a designated hedging relationship. Financial a55ets that are measured at cost or amortised cost a reviewed for objertive evidence of impairment at the end of each reporting date. If there is objective evidence of impairment. an impairment 1055 is recogni5ed under the appropriate heading tn the statement of financial activities in which the tnitial gain was recognised. For all equity instruments regardle55 of significan. and other financial assets that are individually stgnificant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk char3cteri5tlC5. Any reversals of impairment are recognised immediately. to the eKtent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recogni5ed.
Blakeney Village Hall and Pavilion Trust Notes to the Financial Statements- continued for the Year Ended 31 March 2025 Donations and legaties 31.3.25 31.3.24 Donations i(A) 40 Investment income 31.3.25 31.3.24 Bank interest receivable 27 26 Income from tharitable activitie5 31.3.25 31.3.24 Activity Charitsble actiwtie5 Charitsble activitie5 Charitsble activities Hire of hall Events Bar takings 15,408 215 24.827 12,588 6,582 40,450 19,651 Trustees, remuneration and benefits There were no trustees, remuneration or other benefits for the year ended 31 Maich 2025 nor for the year ended 31 March 2024. Trustees. expenses There were no trustees. expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. Comparatives for the statement of financial activitres Unrestrirted fund Restrirted fund Total funds Income and endowments from Donations and legacies 40 Charitable artivities Charitable activities 19.651 19.651 Investment income 26 26 Tota 19.717 19.717 Expendityre on Raising funds 3.888 3,888 Charitable activities Charitable activities 23.132 23.132
Blakeney Village Hall and Pavilion Trust Notes to the Financial Statements- continued forthe Year Ended 31 March 2025 Comparatives for the ststement of financial acti¥ities- continued Unrestricted ful Restrirted fund Total funds Total 27.020 27,020 NET INCOMEIIEXPENDITURE) 17,3031 17.3031 Reconciliation ot funds Total funds brought forward 145,940 123.613 269.553 Total funds tarried foTh¥ard 138,637 123.613 262,250 Independent examirhation fees 2025 2024 Fees payable to the independent examiner for=Independent examination of the financial Statements 1.020 960 Tanwble red assets fixtures and fittings Freehold property Totals Cost At l April 2024 Additions 248.098 50,560 425 298,658 425 At 31 March 2025 248.098 50.985 299.083 Depreciation At l April 2024 Charge for year 44.873 971 44.873 971 At 31 March 2025 45.844 45,844 Net book value At 31 March 2025 248,098 5.141 253,239 At 31 March 2024 248.098 5,687 253,785 The freehold property is valued for insurance purposes at £1.114.58212024.. £1.114,5821. Ir is considered by the trustees that the residual value ol the freehold property and useful economic life renders depreciation immaterial and therefore none has been charged. io
Blakeney Village Hall and Pavilion Trust Note5 to the Financial Statements- continued for the Year Ended 31 March 2025 io. 5totks 31.3.25 31.3.24 Stocks 5(K> 350 ii. Movement in funds Net movement in funds At 1.4.24 At 31.3.Z5 unstrICted fund5 General fund 138,637 13.494 152,131 Restricted funds Restricted 123,613 123,613 TOTAL FUNDS 262,250 13.494 275,744 Net movement in funds. included in the above a as follows= Incoming resources Resource5 expended Movement In funds Unrestricted funds General fund 40.577 127,0831 13,494 TOTAL FUNDS 40.577 127.0831 13,494 Comparatives for movement in funds Net movement in funds At 1.4.23 At 31.3.24 Unrestricted funds General fund 145.940 17.3031 138,637 Restricted funds Restricted 123,613 123,613 TOTAL FUNDS 269.553 17,3D31 262,250 li
Blakeney Village Hall and Pavilion Trust Notes to the Financial Statements- continued for the Year Ended 31 March 2025 ii. Movement in funds- continued Comparative net movement in funds. included in the above are as follows.. Incoming resources Resour$ ejrpended Movement in funds Unrestrirted funds General fund 19.717 127.0201 17,3031 TOTAL FUNDS 19.717 127.0201 17,3031 A current year 12 months and prior year 12 months combirbed position is as follows- Net movement in funds At IA.23 At 31.3.25 Unrestricted fvnds General fund 145,940 6.191 152.131 Restrirted tunds Restricted 123.613 123,613 TOTAL FUNDS 269.553 6.191 275,744 A current year 12 rnonths and prior year 12 months combined net fflovefflent in funds, included in the above are as follows= Incoming resources Resources expended Movement in funds Unrestricted funds General fund EAJ.294 154.1031 6,191 TOTAL FUNDS E4),294 154,1031 6,191 12
Blakeney Village Hall and Pavilion Trust Notes to the Financial Statements- continued for the Year Ended 31 March 2025 12. Related party disclosures There were no related party transacthon5 for the year ended 31 March 2025. 13
Blakeney Village Hall and Pavilion Trust Detailed Statement of Financial Activities for the Year Ended 31 March 2025 31.3.25 31.3.24 Incomè and endowments Donations and legacies Donations i(x) 40 Investment intome Bank interest receivable 27 26 CharÈtable activities Hire of hall Events Bar takings 15,408 215 24.827 12,588 481 6,582 40.450 19,651 Total incoming resourtes 40.577 19,717 Expenditure Other trading actsvities Opening stock Purchases Closin8 Stock 350 7.309 15001 185 4,053 13501 7,159 3.888 Charitable activities Rates and water Insurance Light and heat Repairs and renewals Cleaning Prernise5 expenses Licence5 and subscriptions Accountancy fees Depreciation 978 1,749 8,173 2.405 3.378 619 631 1.020 971 1.442 2,984 7,080 3,087 3,724 497 1,424 2.894 19.924 23,132 Total resources expended 27,083 27,020 Net incomellexpenditurel 13,494 17.3031 This page does not form part of the statutory financial statements 14