##
##
##
|||||||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|
##
##
##
##