Charity number 285015
Loddon and Chedgrave Jubilee Hall Trust
Unaudited Accounts
Year Ended 30[th] September 2021
Loddon and Chedgrave Jubilee Hall Trust Trustees Report Year Ended 30[th] September 2021
The trustees present their report and the unaudited accounts of the charity for the year ended 30[th] September 2021.
Reference and administration details
Registered charity name: Loddon and Chedgrave Jubilee Hall Trust
Charity registration number: 285015
Principle office: Jubilee Hall, George Lane, Loddon, Norfolk, NR14 6JY
The trustees who served the charity though the period and to the date of this report: Alex Bridge (Chair)
John Lurkin Kevin Williams Sylvia Randal Richard Shearing Jane Hale (appointed 15[th] February 2021)
No trustees were paid any remuneration or claimed expenses in connection with their duties in the year. The wife of the Chairman is employed by the charity; the Chairman is not involved in decisions made concerning her employment.
Accountant: Headspace Accountancy Ltd, 2 Yarmouth Road, Hales, Norfolk, NR14 6SP
Structure, governance and management
The charity is an unincorporated charity governed by a charitable deed. Trustees are individually voted at the AGM. The trustees are responsible for the running and the maintenance of the facilities. This currently consists of 1 Acting Chairman and 5 other trustees. They are supported admirably by 3 paid employees. Loddon and Chedgrave Parish Councils are also permitted to have a representative on the Management Committee as are all user groups. Currently there are 6 trustees which is woefully too few and we actively look to encourage more trustees to help making decisions and to raise funds.
Objectives
The charity provides and maintains a community hall to be used for meetings, lectures and classes and for other forms of recreation, with the objective of improving the condition of life for the inhabitants of the parishes of Loddon and Chedgrave.
Review of activities
The hall was well used and supported by the community in the year until Covid 19 pandemic. Since then the hall has had to be closed for long periods due to the various Government guidelines. When lockdown was partially lifted many of our regulars did
not return due to fear and
confusion. We are grateful to the local inhabitants who, when guidelines allow, provide income which ensures the hall can run efficiently and costs to the service user are kept to a minimum.
Volunteers
The hall does not have enough volunteers to play a very important part in running and maintaining the facilities provided.
Future plans
The charity is currently fund raising for an improvement project which will provide good disabled access and facilities. Several music events were scheduled but had to be postponed due to the pandemic. We plan to hold these and many more events such as jumble sales and seasonal events which will appeal to a broad cross section of the community. Bookings obviously have decreased in the current year and we need more of the community to make use of the facilities.
Financial review
The financial statements show the current state of affairs, which the trustees consider to be in need of more revenue and are seeking to create more funds via various avenues.
Reserves policy
It is the trustees policy to retain funds to cover at least 3 months of operational expenses and save for significant future repairs. Free reserves at the year end stood at £36,067 which equates to approximately 13 months of running costs based on these results. This amount is because of generous grants given by the government to cover losses due to the pandemic. The Trustees and staff are currently seeking more Trustees and volunteers to assist with various fundraising events. They are advertising for more community groups to use the facilities and are in the process of trying to reinstate a Saturday market twice a month.
Public benefit
The trustees make decisions with due regard to the public benefit guidance published by the Charity Commission.
Principle risks
The trustees monitor risks and uncertainties facing the charity and plan accordingly.
Future plans
The trustees intend to continue the work of the hall to provide a sustainable financial future for this multi-use facility for the local community.
Signed on behalf of the board of trustees on
Alex Bridge, Chairman
Loddon and Chedgrave Jubilee Hall Trust Statement of Financial Activities Year ended 30 September 2021
| Year ended 30 September 2021 Note Income from: Voluntary income 2 Activities for generating funds 3 Other 4 Total Expenditure on: Generating income 5 Total Net income/-expenditure 6 Reconciliation of funds: Total funds bought forward Total funds carried forward |
Total and Unrestricted Funds 2,021 £ 34,756 12,950 117 47,823 34,557 34,557 13,266 134,148 147,414 |
Total and Unrestricted Funds 2020 £ 31,715 18,704 2,867 53,286 45,145 45,145 8,141 126,007 134,148 |
|---|---|---|
All income and expenditure has arisen from continuing activities.
Loddon and Chedgrave Jubilee Hall Trust Balance Sheet As at 30 September 2021
| As at 30 September 2021 Note Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank Creditors Amounts falling due within one year 10 Net current assets Net assets Funds Unrestricted funds 11 |
Total and Unrestricted Funds 2,021 £ 111,347 175 36,479 36,654 587 36,067 147,414 147,414 |
Total and Unrestricted Funds 2020 £ 115,603 1,042 18,799 19,841 1,296 18,545 134,148 134,148 |
|---|---|---|
The financial statements were approved by the Board of Trustees on:
and were signed on their behalf by:
Alex Bridge Trustee
Loddon and Chedgrave Jubilee Hall Trust Notes to the Financial Activities Year ended 30 September 2021
1 Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property – 2% on cost
Land – not depreciated
Property improvements – 5% on cost
Equipment – 25% reducing balance (was 50% on cost to 2016)
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
2 Voluntary income
| Donations and fund raising Grants receivable |
Total and Unrestricted Funds 2,021 £ 0 34,756 34,756 |
Total and Unrestricted Funds 2020 £ 425 31,290 31,715 |
|---|---|---|
Loddon and Chedgrave Jubilee Hall Trust Notes to the Financial Activities continued Year ended 30 September 2021
3 Income from activities for generating funds
| Hire of hall 4 Other income Lotto and lotto machine income Recycle centre Insurance claim Other income 5 Costs of generating income Operation of the hall Lottery tickets Fund raising costs 6 Net income/-expenditure Is stated after charging: Depreciation 7 Staff costs The average number of employees during the year was as follows: Generating funds |
Total and Unrestricted Funds 2,021 £ 12,950 Total and Unrestricted Funds 2,021 £ 117 0 0 117 Total and Unrestricted Funds 2,021 £ 34,509 48 0 34,557 2,021 £ 4,256 2,021 3 |
Total and Unrestricted Funds 2020 £ 18,704 Total and Unrestricted Funds 2020 £ 287 250 2,330 2,867 Total and Unrestricted Funds 2020 £ 44,611 534 0 45,145 2020 £ 4,319 2020 3 |
|---|---|---|
Loddon and Chedgrave Jubilee Hall Trust Notes to the Financial Activities continued Year ended 30 September 2021
8 Tangible fixed assets
| Cost At 1 October 2020 Additions Disposals At 30 September 2021 Depreciation At 1 October 2020 Charge for the year Eliminated on disposals At 30 September 2021 Net book value At 1 October 2020 At 30 September 2021 9 Debtors Trade debtors Prepayment Taxation and social security 10 Creditors Trade creditors Taxation and social security Accruals and deferred income |
Freehold Property £ 222,876 0 0 222,876 109,364 4,065 0 113,429 113,512 109,447 |
Equipment £ 33,969 0 0 33,969 31,878 191 0 32,069 2,091 1,900 2021 £ 175 0 0 175 2021 £ 0 267 320 587 |
Total £ 256,845 0 0 256,845 141,242 4,256 0 145,498 115,603 111,347 2020 £ 376 0 666 1,042 2020 £ 0 0 1,296 1,296 |
|---|---|---|---|
Loddon and Chedgrave Jubilee Hall Trust Notes to the Financial Activities continued Year ended 30 September 2021
11 Movement in funds
| Unrestricted funds General fund Total funds Net movement in funds, included in the above, a Unrestricted funds General fund Total funds |
re as follows: Income £ 47,823 47,823 |
At 1.10.20 £ 134,148 134,148 Expenses £ 34,557 34,557 |
Net movement in funds £ 13,266 13,266 Gains/Losses £ 0 0 |
At 30.9.21 £ 147,414 147,414 Movement £ 13,266 13,266 |
|---|---|---|---|---|
Loddon and Chedgrave Jubilee Hall Trust Detailed Statement of Financial Activities Year ended 30 September 2021
| Income Voluntary income Donations and fund raising Grants receivable Income from generating funds Hire of hall – social club Hire of hall – day centre Hire of hall – other users Other Lotto and lotto machine income Recycle centre Insurance claim Expenditure Costs of generating voluntary income Salaries and pension Rates and water Light and heat Repairs and maintenance Insurance Other establishment Motor and travel Accountancy fees Legal fees Telephone Other office expenses Depreciation Sundry expenses Playing field committee Cleaning materials Licences Advertising Lottery tickets Fund raising costs Bad debts Net income/-expenditure |
2021 £ 0 34,756 3,768 0 9,182 117 0 0 47,823 16,968 880 3,702 3,386 1,849 0 0 1,000 0 820 470 4,256 70 0 1,230 -122 0 48 0 0 34,557 13,266 |
2020 £ 425 31,290 0 0 18,704 287 250 2,330 53,286 19,291 2,260 8,079 3,155 1,837 0 0 743 500 769 464 4,319 180 0 636 1,215 0 534 0 1,163 45,145 8,141 |
|---|---|---|
This page does not form part of the statutory statements.
Loddon and Chedgrave Jubilee Hall Trust Statement of Financial Activities Year ended 30 September 2021
| Year ended 30 September 2021 Note Income from: Voluntary income 2 Activities for generating funds 3 Other 4 Total Expenditure on: Generating income 5 Total Net income/-expenditure 6 Reconciliation of funds: Total funds bought forward Total funds carried forward |
Total and Unrestricted Funds 2,021 £ 34,756 12,950 117 47,823 34,557 34,557 13,266 134,148 147,414 |
Total and Unrestricted Funds 2020 £ 31,715 18,704 2,867 53,286 45,145 45,145 8,141 126,007 134,148 |
|---|---|---|
All income and expenditure has arisen from continuing activities.
Loddon and Chedgrave Jubilee Hall Trust Balance Sheet As at 30 September 2021
| As at 30 September 2021 Note Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank Creditors Amounts falling due within one year 10 Net current assets Net assets Funds Unrestricted funds 11 |
Total and Unrestricted Funds 2,021 £ 111,347 175 36,479 36,654 587 36,067 147,414 147,414 |
Total and Unrestricted Funds 2020 £ 115,603 1,042 18,799 19,841 1,296 18,545 134,148 134,148 |
|---|---|---|
The financial statements were approved by the Board of Trustees on:
and were signed on their behalf by:
Alex Bridge Trustee
Loddon and Chedgrave Jubilee Hall Trust Notes to the Financial Activities Year ended 30 September 2021
1 Accounting policies
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention with the exception of investments which are included at market value.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property – 2% on cost
Land – not depreciated
Property improvements – 5% on cost
Equipment – 25% reducing balance (was 50% on cost to 2016)
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
2 Voluntary income
| Donations and fund raising Grants receivable |
Total and Unrestricted Funds 2,021 £ 0 34,756 34,756 |
Total and Unrestricted Funds 2020 £ 425 31,290 31,715 |
|---|---|---|
Loddon and Chedgrave Jubilee Hall Trust Notes to the Financial Activities continued Year ended 30 September 2021
3 Income from activities for generating funds
| Hire of hall 4 Other income Lotto and lotto machine income Recycle centre Insurance claim Other income 5 Costs of generating income Operation of the hall Lottery tickets Fund raising costs 6 Net income/-expenditure Is stated after charging: Depreciation 7 Staff costs The average number of employees during the year was as follows: Generating funds |
Total and Unrestricted Funds 2,021 £ 12,950 Total and Unrestricted Funds 2,021 £ 117 0 0 117 Total and Unrestricted Funds 2,021 £ 34,509 48 0 34,557 2,021 £ 4,256 2,021 3 |
Total and Unrestricted Funds 2020 £ 18,704 Total and Unrestricted Funds 2020 £ 287 250 2,330 2,867 Total and Unrestricted Funds 2020 £ 44,611 534 0 45,145 2020 £ 4,319 2020 3 |
|---|---|---|
Loddon and Chedgrave Jubilee Hall Trust Notes to the Financial Activities continued Year ended 30 September 2021
8 Tangible fixed assets
| Cost At 1 October 2020 Additions Disposals At 30 September 2021 Depreciation At 1 October 2020 Charge for the year Eliminated on disposals At 30 September 2021 Net book value At 1 October 2020 At 30 September 2021 9 Debtors Trade debtors Prepayment Taxation and social security 10 Creditors Trade creditors Taxation and social security Accruals and deferred income |
Freehold Property £ 222,876 0 0 222,876 109,364 4,065 0 113,429 113,512 109,447 |
Equipment £ 33,969 0 0 33,969 31,878 191 0 32,069 2,091 1,900 2021 £ 175 0 0 175 2021 £ 0 267 320 587 |
Total £ 256,845 0 0 256,845 141,242 4,256 0 145,498 115,603 111,347 2020 £ 376 0 666 1,042 2020 £ 0 0 1,296 1,296 |
|---|---|---|---|
Loddon and Chedgrave Jubilee Hall Trust Notes to the Financial Activities continued Year ended 30 September 2021
11 Movement in funds
| Unrestricted funds General fund Total funds Net movement in funds, included in the above, a Unrestricted funds General fund Total funds |
re as follows: Income £ 47,823 47,823 |
At 1.10.20 £ 134,148 134,148 Expenses £ 34,557 34,557 |
Net movement in funds £ 13,266 13,266 Gains/Losses £ 0 0 |
At 30.9.21 £ 147,414 147,414 Movement £ 13,266 13,266 |
|---|---|---|---|---|
Loddon and Chedgrave Jubilee Hall Trust Detailed Statement of Financial Activities Year ended 30 September 2021
| Income Voluntary income Donations and fund raising Grants receivable Income from generating funds Hire of hall – social club Hire of hall – day centre Hire of hall – other users Other Lotto and lotto machine income Recycle centre Insurance claim Expenditure Costs of generating voluntary income Salaries and pension Rates and water Light and heat Repairs and maintenance Insurance Other establishment Motor and travel Accountancy fees Legal fees Telephone Other office expenses Depreciation Sundry expenses Playing field committee Cleaning materials Licences Advertising Lottery tickets Fund raising costs Bad debts Net income/-expenditure |
2021 £ 0 34,756 3,768 0 9,182 117 0 0 47,823 16,968 880 3,702 3,386 1,849 0 0 1,000 0 820 470 4,256 70 0 1,230 -122 0 48 0 0 34,557 13,266 |
2020 £ 425 31,290 0 0 18,704 287 250 2,330 53,286 19,291 2,260 8,079 3,155 1,837 0 0 743 500 769 464 4,319 180 0 636 1,215 0 534 0 1,163 45,145 8,141 |
|---|---|---|
This page does not form part of the statutory statements.