| 2019 | ||||||
|---|---|---|---|---|---|---|
| Note | ||||||
| Income | ||||||
| Rents | 24 935 | 28.039 | ||||
| Hirings | 4247 | 11.609 | ||||
| Interest | 342 | 319 | ||||
| Electric Feed-rn | tanff | 209 | 175 | |||
| Covid grant from SODC | 10.000 | |||||
| Total income | 39,733 | 40,1-'12 | ||||
| Expendinnv on |
||||||
| Wages and cleaning | expenses | 5,148 | 9,136 | |||
| Heat and light | 2,256 | 3.585 | ||||
| Water | 619 | 7 | ||||
| Hre protection | 2,649 | 1.160 | ||||
| Insurances | 1,121 | 1,086 | ||||
| Repairs | 2.589 | 45 | ||||
| Telephone and |
broadband | 573 | 652 | |||
| Website costs | 361 | 921 | ||||
| Legal and professional | 351 | (729) | ||||
| General admin | and | sundries | 616 | 304 | ||
| Bad debts | 55'i | |||||
| Covid related expenses | 785 | |||||
| Exceptional repairs |
and | reneivals | 2.838 | |||
| Depreciation —fixtures |
2.160 | 2.976 | ||||
| —property | improvements | 2.304 | 4.308 | |||
| Total expenditure | 24.922 | 27,071 | ||||
| Net income | 14,811 | 13.071 | ||||
| Funds brought | fomvard | 1,112,634 | 1.099,563 | |||
| Funds carried | fomvard | 1,127,445 | 1,112.63-1 |
| The Merrv Bells Village Hall | ||||||
|---|---|---|---|---|---|---|
| caa irno. 86769 |
||||||
| Notes to the Financial Statements for the Year ended 31 |
December 2020 | |||||
| 1.Accounting | Pohcies | |||||
| a) Basis of | accounting | |||||
| The financial statements have been prepared on the historical oost |
convmition | |||||
| (vdtb the exception offreehold property included at estimated |
current value) | and | ||||
| in accordance iiith accounting standards, the Charities SORP |
and | comply | with | |||
| the Charities (Accounts and Reports) Regulations issued under |
the | Chanties | Act2011. | |||
| b)Recogainon | ofIncome | |||||
| Income is recogmsed in the Statement ofFinancial Activities when |
||||||
| the charity becomes entitled to the resources, |
||||||
| the trustees are vimially certain that they wall receive the resources: mid |
||||||
| the monetary value can be measured yyith sufficient reliability |
||||||
| c) Investment | Income | |||||
| Investment income is included in the accounts when receivable |
||||||
| d) LiabiTity | Recogaition | |||||
| Liabilities are recognised as soon as there is a legal or constructive |
obligation | |||||
| committing the charity to pay out resources. |
||||||
| e) Tangible | Fixed Assets used by the Charity | |||||
| Fixed assets arc capitah sad ifthey can be used for more than one year and | cost at | |||||
| least f500.They are included at cost anth the cxcepnon offreehold |
propertv | ivluch | ||||
| has been included at a valuation as at 31December 2009. |
||||||
| 1)Depixciation | ||||||
| Freehold property —this asset has an indefinitely long useful life and is maintained |
||||||
| to a high standard and so is not depreciated. The Management |
Committee | has | ||||
| received professional adidce regarding its value. |
||||||
| Propert) improvements —10 s straight line. |
||||||
| Equipment —20oao reducing balance. |
||||||
| 2.Unrestricted | Income | |||||
| All fiuids as at31Deccniber 2019and 31December 2020 were unresncted. |
| 4.Tangible Fire | d | Assets | ||||
|---|---|---|---|---|---|---|
| Freehold | Property | Fiaturcs 0 | ||||
| Property | hnprovemcnts | Futings | Total | |||
| f. | ||||||
| Cost orvaluation | ||||||
| At 1 Jammry 2020 | 1.000.000 | 43,067 | 35.141 | 1,078208 | ||
| Addthons | 461 | 461 | ||||
| At 31December | 2020 | 1.000,000 | 43,067 | 35.602 | 1.078.669 | |
| Depreciation | ||||||
| At 1 January 2020 | 33,122 | 23.333 | 56,455 | |||
| Charge forthe year | 2.304 | 2.160 | 4464 | |||
| At 31December | 2020 | 35426 | 25.493 | 60,919 | ||
| Net book value at | 31December 2020 | 1,000,000 | 7,641 | 10,109 | 1,017750 | |
| Net book value | at | 31December 2019 | 1.000,000 | 9,945 | IR808 | 1,021.753 |
| 2020 | ||||||
| 5.Debtors | ||||||
| Hirings | 157 | 1367 | ||||
| Other debtors | 1.035 | 789 | ||||
| 1.192 | 2,156 | |||||
| 2020 | 2019 | |||||
| 6.Creditors | ||||||
| Rent and hrrings | paid in advance | 2.500 | 2.572 | |||
| Other creditors | 1.102 | 1 37 |
||||
| 3.602 | 3,809 | |||||
| 7.Unrestricted Reserves |
||||||
| Property | General | |||||
| Reserve | Reserve | Total | ||||
| f. | ||||||
| Brought forward | 1.000,000 | 112,634 | 1.112,634 | |||
| Deficit for the | year | 14,811 | 14.811 | |||
| Balance at 31 | December 2020 | 1,000,000 | 127,445 | 1.127,-'1-15 |