2024-12-31-accounts

Langford Budville Jubilee Hall Trustees’ Annual Report June 2025

Annual Report for 2024 - 5

This is the Annual Report for the Hall. It was also presented at the open meeting of the Parish Council in May 2025.

Financial performance

In the year to December 2024 income from hire was £20k (2023: £21k) with sundry income from Budvue, the bar, events and bank interest contributing a further £6k (2023: £6k). Expenditure was £22k (2023: £27k) including work on the storm water system (£4k), a picnic table and pressure washer. The surplus for the year after depreciation was £3k (2023: £0.2k).

The bank balance at the end of December was £47k (2023 £43k) which includes £6k “belonging” to separate funds comprising Bowls, the Community Fund and the History Fund.

Capital works

The major capital focus over Winter 24/25 was to assess the state of the Hall’s storm water system. We engaged Glanville Environmental and Dan Dudderidge, a local drainage engineer, to CCTV the system and check that it works as designed during heavy rainfall events. This process included desilting the hydro-brake chamber on Ritherdons Lane and checking that it was feeding the attenuation basin at times of high flow. Following the work, Trustees were reassured that it is possible to maintain the system with the help of local contractors pending an adoption process by the local utility which is likely to be lengthy.

Secondary projects include paving over the courtyard and installing solar panels have been on hold but are scheduled to go ahead later this year.

Bookings

Bookings remain strong and the Hall is well occupied.

Events

Café Plus continues to be the major ongoing community event and takes place monthly through the Winter months. Other community-facing events include the Budvue cinema, the Friendship Circle and the Jazz club.

In September we held a Barn Dance which was well attended. In February we hosted Nick Girome Maddox’ band, The Sweethearts, which was sparsely-attended but of a high standard.

The Community Fund

The Hall continues to manage the Community Fund which has been part-funded by a surplus from Café Plus with top ups by Octopus energy through their referrals scheme. Successful applications were made to the fund by the School for tools, a microphone and a contribution to a defibrillator and by the Church for lighting.

Trustees, key holders and helpers

During the year Vash Stimpson became a Trustee and keyholder. She has also taken over responsibilities for Health and Safety and Fire Safety and is in process of updating our policies and re-educating Trustees in these areas.

During the year Rosina Matson stepped down as our cleaner and Louisa Snook took this over. We are really grateful to Rosina for her many years of service as cleaner. Charlie Roffe-Sylvester continues to maintain the grounds to a high standard.

We cannot operate without our Trustees, keyholders and supporting staff. I am really grateful to all of them.

Michael Huntingford, May 2025

Clwiry regLStr31ioii iiuniber: 287714 Langford Budville Village Hall Fi￿n¢]￿l StdivnrnL% for the Year Ended 31 DeLeiitrr 2024

LANGFORD BUDVILLE VILLAGE FL4LL CONTEPUS Iiidependeiii eX￿nIt]er'S rep)n Statennt ot financial activities BalanLe Sheet Notes to tbe fmancial statennis 4t08 Tbe f(Trllvwing P<i¥e d￿5 llOI forn) P£irt of the %1dlUtory fitwicial stateii*iits: C£ Z I1]LuIi￿ dnd expeIidiwre accouni

INDEPENDENT EL41¥llNER'S REPORT TO THE TRLTSTEE OF LANGFORD BUDVILLE IILLAGE HALL I rewiri oil the acLOUIllS Ot Ihe Laiigfiird BudV￿e Village Hdll for the year ended 31 Deceiither 2024 wlllcli are ser our oil pagves ? 10 8. Reswinsibililies alld basis of re￿)rt A% the cl￿rI[) Irustee is are reswiLsible for rhe prepardtioii of rhe accouiits in aLLordance ￿'7th the requireiiieiiis ot Ihe Charilies Act 2011 Illie Aci I. I repin in re%￿cl of ii)), exaiiiiikniioii ot tlie Laiigti)rd Budville Village Hall's accounis c￿led oui under seLtioii 145 of tlie 2011 ALI aiid in carri'iiig? OUT iiiy exaiiiiiuiion I have tolloii'ed all (he applicable Direciions given by Ilie Cl￿riry CoiilllliSSiOii under secrion 1451 i)(bi of Ibe Aci. li)de￿ndent Examiner'sstatement I liave c()ii)plered iiiJ eX￿1]IndI70n. I Lunfini) Ilut 110 IlUleTial 11]auer5 luve coli io iiiy alleiitioii in Lollliection wilh Ihe e￿Il￿110n giN'ing li￿ cause 10 beljeiie thdt in &i)' Inateridl re%￿Cl= dLLI)Ul)fii)gT reLords ivere Jiot kept in re%peLt of Ldngf()rd Budville VillagTe Hall as required by seLlioii 130 L)t Ilie ALt' Ihe dLLouIilb do iiot accord with 11K￿e records. or Ihe aLLOUllts du iioi L()11]plJ' w'iih Ihe &lLLI)UIlliiigr requirei)i)f.% concerning tlie forIii dIid coiiteIii L)t acLOUIllS sei oui iii Ilie Clwilies IALLI)Ul)fs ￿ld Rep()rrs1 RegTuldli()11% 2M8 oilier than dliy requireii)eiir Ihdt Ihe accouIiis gil'e a .￿ue aiid taiT view, wliicli is iioi a ii]atter considered as P&in of an ilKiepeiideiit e￿111[￿[10ll. O I have no coiicerns and have co1]￿ across no oiher Imuers in coimeciioii willi Ilie exaininatioii io wlllcli a(teiiiion sliould be drawn in ihis Tetx)rt in order 10 eiuble a pro￿[ uiiderslaiidiiig of Ihe accouiiis io be reaclied. Nigiel Be￿￿tt ICAEW 30 Bear Streer BARNSTAPLE DeN'oii EX32 7DD 9 Julie 2025 P&igie I

LANGFORD BUDVILLE VILLAGE FL4LL STATENIEPU OF FINANCIAL ACTINITIES FOR THE YEAR ENDED 31 DECEIIIBER 2024 Total Funds 2024 Total Fun(Ls 2023 Unreslricled Iksignaled Funds Fun(is Note Yncoming resources liiLI)iiiiiigv resi)urces troni ¥eiJerdled funds V()luiirarJ incoii]e Toidl incoiiiiiig resources 23.881 23.881 2.115 2.115 ?5.996 25,996 27.439 27.439 Resources eipended Cosls ot ¥eiieialiiigT tunds Cusls ot gvener31llig voluiitary incoine Toial resources ex￿nded 22.140 ?2.140 l.i49 l.i49 23.689 23,689 27.261 27.261 LU co J Nei nK)Ve1￿￿￿ in funds 1.741 566 2.307 178 Reconcilialion of funds Toial fui)ds bri)u¥Ylii forward Toidl funds Larried forward 636.206 637.947 5.754 6.3?0 641,9(rf) 644.?67 641.782 641.960 All inconiing resources and resources expeiided derive froniLiiiiiiI)uiI)g aciivities. Tlie cl￿riry has no recngnii%ed gdins or losses for ihe year oiher (han Ihe resulis above. The iloies on pages 4 10 8 forn) an integryal part of these financul stateii*iits. P&igie 2

LANGFORD BUDVILLE VILLAGE FL4LL BALANCE SHEET AS A T 31 DECELIIBER 2024 2024 2023 Note Fixed assels TdiigFible asseis 597.708 599,110 Current assets Cash dr bdnk dnd in hand 46559 42.850 Net assets fy14.?67 641.9(rf) The funds of the charitv: Designated fun(15 Unrestricted funds Ul￿e￿(filled incoii]e tuilds 6J?O 5.753 637.947 636.?07 Total chariti funils 641.960 These aLLounts were approved bj Ibe Trusiee on 9 June 2025 M D L Huiiiiiigf()rd Trustee Tlie iM)les on pages 4 10 8 forni an iiiiegYal pan of (hese titwicial suleil￿1]is. P&igie 3

LANGFORD BUDVILLE VILLAGE FL4LL NOTES TO THE FINANCIAL sfATELIIENfs FOR THE YEAR ENDED 31 DECEI¥IBER 2024 l AccouwfiNG K)LICIES Basis of pre￿ratIOn The finanLidl stsieii￿Il1S hdve ￿en prepared lll &lLLorddllLe iiiitli tlie seLoiid edilioii of tlie Cliarifies Sidieiiieiit ot Recomn*nded PrdLliLe issued lll (k'10￿r 2019. rlie FinaiiLldl Rep()riii)¥ Sidiiddrd dppliLdble in Ilie United Kii)gdi)11) IFRSIO? i Ilie Cliarilies ALI 2011. Going concern These tinanLial stateiilents have been prepared on a going concern basis. Fund accounting wlici. ul￿es[riC(ed inco1￿ funds are general funds (hai are available tor use ai Ihe trusiee's discretioii in furtheranLe of ibe ()bRctives of Ibe Llurity. Re%lricied tunds are Ihose donaled tor use in a parriLuliir area or for .%￿Lif]l pufFrt)%e%. the use ot whiLh is reslriLied 10 Ihdt area or purp().%e. Further details of eaLh tund are disLlosed in lloie 8. Resources ex￿nded Liabilities are recognised as soon as there is a legal or construLtive i)bligaiii)11 cnii]11]iitllig the cl￿ri1￿ 10 Ilie expeiiditure. All e.￿￿1]diture is &lLLOUlllvd tOT on ali aLLTuals basis and lias been cldSSjtied uiider heddingT% Ihdt <ig¥rvgTdte dll costs reldted 10 Ilie ￿1￿¥1)rY. Costs of ¥eiierdfing, funds are Ihe cosrs a55￿￿ted with &irtr&lLliJ)g vi)lui)tdry iiicoine. Deprecialion tkpreLidlii)Ii is pr()i'ided on tiii¥ible fLxed assets so as 10 wrile off the cosi or valuatioii. less ai)y esilliuied residual value, over their ex￿lled useful econoinic life as follows: Fixtures, firtiiigs and eqUipn￿li[ 15(% reducing balanLe basis P&igie 4

LANGFORD BUDVILLE VILLAGE FL4LL NOTES TO THE FINANCIAL sfATELIIENfs FOR THE YEAR ENDED 31 DECEI¥IBER 2024 Collftiiued 2 VOLUNfARY INCOl¥tE Unrestricted Designated Funds Funds Total Funiis 2024 Total Fun(Ls 2023 DotLitions and legacies Bar Iiicoli￿ troiii eveiits Hiringi tees Budiwe cineii VH Bo￿.IS tund Hi%l()ry tund Ci)ii)Iiiuiiify' fund lier incoii]e Ii)terest on Lash dqxNil% 2.277 20,153 826 1,997 18 ItK) 2.072 20,753 1.377 2,186 20.153 826 1,997 18 IIK) 21K) 383 468 27.439 625 23.881 625 25.996 2.115 P&igie 5

LANGFORD BUDVILLE VILLAGE FL4LL NOTES TO THE FINANCIAL sfATELIIENfs FOR THE YEAR ENDED 31 DECEI¥IBER 2024 Collftiiued 3 TOTAL RESOURCES EXPENDED Total Direct costs Bar siock aiid supplies Hire hdll e.￿￿￿￿e Budvue cinenu ex￿￿se Coiiuiluiiity fund VH Bo￿.18 tund Pr()peffj' repairs Waier rates Lig,lii, hedt dnd ￿>Wer 11)surdiiLe Grounds nuiiiieiiance Equipiiiei)r repairs <ind renewals Telepl)iiiie dnd t LiLenLees dnd %ub%Lripiii)n% Hail supplies dnd cleaning tkpreciatioii of equipii*nt and tittiiigs 1,233 981 845 268 1.281 6.013 2.470 1.056 1,965 1.391 504 676 3.(K13 1.402 23,689 4 TRUSTEE'S RE￿lUNERATIoN.￿ND EXPENSES Tlie (rusiee did iioi receive ans renwneraiion during (he year. 5 NET INCOI¥IING RESDLTRCES Nei iiicoiniiig resources is sldied after Chargin￿. 2024 2023 Ikpreciatinn of owned asseis 1.402 1.650 P&igie 6

LANGFORD BUDVILLE VILLAGE FL4LL NOTES TO THE FINANCIAL sfATELIIENfs FOR THE YEAR ENDED 31 DECEI¥IBER 2024 Collftiiued 6 TANGIBLE FIXED ASSEIS Freehold interest in land and buildings Fiitures, fittings and equipment Total Net book Tralue As ai l J￿)Uar) 2024 ￿]d 31 [kcern￿r 2024 589.761 14.880 604.641 Depreciation As dl l Jaiiuar) 20?4 Clrnrge tor Ihe year As ai 31 IkL'eiitsr ?0?4 5.531 1.402 6.933 5.531 1.402 6,933 Net book Tralue As ai 31 Decenther 20?4 As ai 31 tkL'eM￿r 20?3 589.761 i89.761 7,947 9.349 597.708 599.110 P&igie 7

LANGFORD BUDVILLE VILLAGE FL4LL NOTES TO THE FINANCIAL sfATELIIENfs FOR THE YEAR ENDED 31 DECEI¥IBER 2024 Collftiiued 7 RELATED PARTIES Controlling entiti. Tbe Llldriry is Lonirolled by Ibe trusiee. 8 ANALYSIS OF FUNDS Atl Janu2n' 2024 At31 Incoming Resources December resources el￿nded 2024 Genernl Fun(is Ul￿es￿riC(ed inconle fund 636.?06 23.881 122.1401 637.947 Iksignated Fun(15 Sliori IiKai bowls fund Ci)iiJiiuiiiry- fuiid Hisiorj fuiid 4J?O 730 704 5.7)4 1.997 IIK) 18 2.115 {1.281) 12681 5.036 562 722 6.320 (l.i491 641.9(rf) 25.996 123.6891 644.267 9 NET ASSETS BY FUTrID Unrestricted Design2ted Total Funds Total Funds Fun(Ls Fun(Ls 2024 2023 T￿]¥￿1b1e assets Current dsseis Nei assets 597.708 40,?39 637.947 597.708 46.559 .?67 599.110 42.850 641.960 6J?O 6.3?0 P&igie 8

LANGFORD BUDVILLE VILLAGE FL4LL DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE ￿AR ENDED 31 DECEMBER 2024 2024 2023 Income Bar Incon￿ troni evenls Hirlligv fees BUd￿e cineina VH Buwls tund Hi%l()rJ fund C()IlllllUllilJ' fund Otlier iiicoii liiierest oil casli deEK>Sits 2,277 20,153 826 1,997 18 100 2.072 20.753 1,377 2.186 2(X) 383 468 27.439 625 25.996 El￿dIlUre Bar st(Lk and supplies c£ z Budvue cineina expenses VH Bowls tund Hire hall expenses C()iiui)ui)ity tund Pri)perty repairs Wdler rdtes Ligl)t, hedt dnd ￿￿wer 111surai)Le Gr()uiids IiiainieiuiiLe Equip1]￿11[ repairs dnd Tenewals Telephniie dnd tax LiceiiLees aiid subscripiii)ns Hall supplie% aiid cle￿IllIg DepreLiali4)li L)t equip11￿11[ dnd tittillg% 1,233 845 1,281 981 1.080 1,184 1.249 1.912 21K) 6.287 686 2.651 880 3.4?2 1,398 461 6,013 2.470 1,056 1,96) 1,391 676 3,￿3 1,402 23,689 2.307 2.997 1.650 ?7.?61 178 Nei Surplus This P&ige does llOI forn) Pilrt of rbe %1dmf(iry fitwicul state11￿1]￿. P&igie 9

Clwiry regLStr31ioii iiuniber: 287714 Langford Budville Village Hall Fi￿n¢]￿l StdivnrnL% for the Year Ended 31 DeLeiitrr 2024

LANGFORD BUDVILLE VILLAGE FL4LL CONTEPUS Iiidependeiii eX￿nIt]er'S rep)n Statennt ot financial activities BalanLe Sheet Notes to tbe fmancial statennis 4t08 Tbe f(Trllvwing P<i¥e d￿5 llOI forn) P£irt of the %1dlUtory fitwicial stateii*iits: C£ Z I1]LuIi￿ dnd expeIidiwre accouni

INDEPENDENT EL41¥llNER'S REPORT TO THE TRLTSTEE OF LANGFORD BUDVILLE IILLAGE HALL I rewiri oil the acLOUIllS Ot Ihe Laiigfiird BudV￿e Village Hdll for the year ended 31 Deceiither 2024 wlllcli are ser our oil pagves ? 10 8. Reswinsibililies alld basis of re￿)rt A% the cl￿rI[) Irustee is are reswiLsible for rhe prepardtioii of rhe accouiits in aLLordance ￿'7th the requireiiieiiis ot Ihe Charilies Act 2011 Illie Aci I. I repin in re%￿cl of ii)), exaiiiiikniioii ot tlie Laiigti)rd Budville Village Hall's accounis c￿led oui under seLtioii 145 of tlie 2011 ALI aiid in carri'iiig? OUT iiiy exaiiiiiuiion I have tolloii'ed all (he applicable Direciions given by Ilie Cl￿riry CoiilllliSSiOii under secrion 1451 i)(bi of Ibe Aci. li)de￿ndent Examiner'sstatement I liave c()ii)plered iiiJ eX￿1]IndI70n. I Lunfini) Ilut 110 IlUleTial 11]auer5 luve coli io iiiy alleiitioii in Lollliection wilh Ihe e￿Il￿110n giN'ing li￿ cause 10 beljeiie thdt in &i)' Inateridl re%￿Cl= dLLI)Ul)fii)gT reLords ivere Jiot kept in re%peLt of Ldngf()rd Budville VillagTe Hall as required by seLlioii 130 L)t Ilie ALt' Ihe dLLouIilb do iiot accord with 11K￿e records. or Ihe aLLOUllts du iioi L()11]plJ' w'iih Ihe &lLLI)UIlliiigr requirei)i)f.% concerning tlie forIii dIid coiiteIii L)t acLOUIllS sei oui iii Ilie Clwilies IALLI)Ul)fs ￿ld Rep()rrs1 RegTuldli()11% 2M8 oilier than dliy requireii)eiir Ihdt Ihe accouIiis gil'e a .￿ue aiid taiT view, wliicli is iioi a ii]atter considered as P&in of an ilKiepeiideiit e￿111[￿[10ll. O I have no coiicerns and have co1]￿ across no oiher Imuers in coimeciioii willi Ilie exaininatioii io wlllcli a(teiiiion sliould be drawn in ihis Tetx)rt in order 10 eiuble a pro￿[ uiiderslaiidiiig of Ihe accouiiis io be reaclied. Nigiel Be￿￿tt ICAEW 30 Bear Streer BARNSTAPLE DeN'oii EX32 7DD 9 Julie 2025 P&igie I

LANGFORD BUDVILLE VILLAGE FL4LL STATENIEPU OF FINANCIAL ACTINITIES FOR THE YEAR ENDED 31 DECEIIIBER 2024 Total Funds 2024 Total Fun(Ls 2023 Unreslricled Iksignaled Funds Fun(is Note Yncoming resources liiLI)iiiiiigv resi)urces troni ¥eiJerdled funds V()luiirarJ incoii]e Toidl incoiiiiiig resources 23.881 23.881 2.115 2.115 ?5.996 25,996 27.439 27.439 Resources eipended Cosls ot ¥eiieialiiigT tunds Cusls ot gvener31llig voluiitary incoine Toial resources ex￿nded 22.140 ?2.140 l.i49 l.i49 23.689 23,689 27.261 27.261 LU co J Nei nK)Ve1￿￿￿ in funds 1.741 566 2.307 178 Reconcilialion of funds Toial fui)ds bri)u¥Ylii forward Toidl funds Larried forward 636.206 637.947 5.754 6.3?0 641,9(rf) 644.?67 641.782 641.960 All inconiing resources and resources expeiided derive froniLiiiiiiI)uiI)g aciivities. Tlie cl￿riry has no recngnii%ed gdins or losses for ihe year oiher (han Ihe resulis above. The iloies on pages 4 10 8 forn) an integryal part of these financul stateii*iits. P&igie 2

LANGFORD BUDVILLE VILLAGE FL4LL BALANCE SHEET AS A T 31 DECELIIBER 2024 2024 2023 Note Fixed assels TdiigFible asseis 597.708 599,110 Current assets Cash dr bdnk dnd in hand 46559 42.850 Net assets fy14.?67 641.9(rf) The funds of the charitv: Designated fun(15 Unrestricted funds Ul￿e￿(filled incoii]e tuilds 6J?O 5.753 637.947 636.?07 Total chariti funils 641.960 These aLLounts were approved bj Ibe Trusiee on 9 June 2025 M D L Huiiiiiigf()rd Trustee Tlie iM)les on pages 4 10 8 forni an iiiiegYal pan of (hese titwicial suleil￿1]is. P&igie 3

LANGFORD BUDVILLE VILLAGE FL4LL NOTES TO THE FINANCIAL sfATELIIENfs FOR THE YEAR ENDED 31 DECEI¥IBER 2024 l AccouwfiNG K)LICIES Basis of pre￿ratIOn The finanLidl stsieii￿Il1S hdve ￿en prepared lll &lLLorddllLe iiiitli tlie seLoiid edilioii of tlie Cliarifies Sidieiiieiit ot Recomn*nded PrdLliLe issued lll (k'10￿r 2019. rlie FinaiiLldl Rep()riii)¥ Sidiiddrd dppliLdble in Ilie United Kii)gdi)11) IFRSIO? i Ilie Cliarilies ALI 2011. Going concern These tinanLial stateiilents have been prepared on a going concern basis. Fund accounting wlici. ul￿es[riC(ed inco1￿ funds are general funds (hai are available tor use ai Ihe trusiee's discretioii in furtheranLe of ibe ()bRctives of Ibe Llurity. Re%lricied tunds are Ihose donaled tor use in a parriLuliir area or for .%￿Lif]l pufFrt)%e%. the use ot whiLh is reslriLied 10 Ihdt area or purp().%e. Further details of eaLh tund are disLlosed in lloie 8. Resources ex￿nded Liabilities are recognised as soon as there is a legal or construLtive i)bligaiii)11 cnii]11]iitllig the cl￿ri1￿ 10 Ilie expeiiditure. All e.￿￿1]diture is &lLLOUlllvd tOT on ali aLLTuals basis and lias been cldSSjtied uiider heddingT% Ihdt <ig¥rvgTdte dll costs reldted 10 Ilie ￿1￿¥1)rY. Costs of ¥eiierdfing, funds are Ihe cosrs a55￿￿ted with &irtr&lLliJ)g vi)lui)tdry iiicoine. Deprecialion tkpreLidlii)Ii is pr()i'ided on tiii¥ible fLxed assets so as 10 wrile off the cosi or valuatioii. less ai)y esilliuied residual value, over their ex￿lled useful econoinic life as follows: Fixtures, firtiiigs and eqUipn￿li[ 15(% reducing balanLe basis P&igie 4

LANGFORD BUDVILLE VILLAGE FL4LL NOTES TO THE FINANCIAL sfATELIIENfs FOR THE YEAR ENDED 31 DECEI¥IBER 2024 Collftiiued 2 VOLUNfARY INCOl¥tE Unrestricted Designated Funds Funds Total Funiis 2024 Total Fun(Ls 2023 DotLitions and legacies Bar Iiicoli￿ troiii eveiits Hiringi tees Budiwe cineii VH Bo￿.IS tund Hi%l()ry tund Ci)ii)Iiiuiiify' fund lier incoii]e Ii)terest on Lash dqxNil% 2.277 20,153 826 1,997 18 ItK) 2.072 20,753 1.377 2,186 20.153 826 1,997 18 IIK) 21K) 383 468 27.439 625 23.881 625 25.996 2.115 P&igie 5

LANGFORD BUDVILLE VILLAGE FL4LL NOTES TO THE FINANCIAL sfATELIIENfs FOR THE YEAR ENDED 31 DECEI¥IBER 2024 Collftiiued 3 TOTAL RESOURCES EXPENDED Total Direct costs Bar siock aiid supplies Hire hdll e.￿￿￿￿e Budvue cinenu ex￿￿se Coiiuiluiiity fund VH Bo￿.18 tund Pr()peffj' repairs Waier rates Lig,lii, hedt dnd ￿>Wer 11)surdiiLe Grounds nuiiiieiiance Equipiiiei)r repairs <ind renewals Telepl)iiiie dnd t LiLenLees dnd %ub%Lripiii)n% Hail supplies dnd cleaning tkpreciatioii of equipii*nt and tittiiigs 1,233 981 845 268 1.281 6.013 2.470 1.056 1,965 1.391 504 676 3.(K13 1.402 23,689 4 TRUSTEE'S RE￿lUNERATIoN.￿ND EXPENSES Tlie (rusiee did iioi receive ans renwneraiion during (he year. 5 NET INCOI¥IING RESDLTRCES Nei iiicoiniiig resources is sldied after Chargin￿. 2024 2023 Ikpreciatinn of owned asseis 1.402 1.650 P&igie 6

LANGFORD BUDVILLE VILLAGE FL4LL NOTES TO THE FINANCIAL sfATELIIENfs FOR THE YEAR ENDED 31 DECEI¥IBER 2024 Collftiiued 6 TANGIBLE FIXED ASSEIS Freehold interest in land and buildings Fiitures, fittings and equipment Total Net book Tralue As ai l J￿)Uar) 2024 ￿]d 31 [kcern￿r 2024 589.761 14.880 604.641 Depreciation As dl l Jaiiuar) 20?4 Clrnrge tor Ihe year As ai 31 IkL'eiitsr ?0?4 5.531 1.402 6.933 5.531 1.402 6,933 Net book Tralue As ai 31 Decenther 20?4 As ai 31 tkL'eM￿r 20?3 589.761 i89.761 7,947 9.349 597.708 599.110 P&igie 7

LANGFORD BUDVILLE VILLAGE FL4LL NOTES TO THE FINANCIAL sfATELIIENfs FOR THE YEAR ENDED 31 DECEI¥IBER 2024 Collftiiued 7 RELATED PARTIES Controlling entiti. Tbe Llldriry is Lonirolled by Ibe trusiee. 8 ANALYSIS OF FUNDS Atl Janu2n' 2024 At31 Incoming Resources December resources el￿nded 2024 Genernl Fun(is Ul￿es￿riC(ed inconle fund 636.?06 23.881 122.1401 637.947 Iksignated Fun(15 Sliori IiKai bowls fund Ci)iiJiiuiiiry- fuiid Hisiorj fuiid 4J?O 730 704 5.7)4 1.997 IIK) 18 2.115 {1.281) 12681 5.036 562 722 6.320 (l.i491 641.9(rf) 25.996 123.6891 644.267 9 NET ASSETS BY FUTrID Unrestricted Design2ted Total Funds Total Funds Fun(Ls Fun(Ls 2024 2023 T￿]¥￿1b1e assets Current dsseis Nei assets 597.708 40,?39 637.947 597.708 46.559 .?67 599.110 42.850 641.960 6J?O 6.3?0 P&igie 8

LANGFORD BUDVILLE VILLAGE FL4LL DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE ￿AR ENDED 31 DECEMBER 2024 2024 2023 Income Bar Incon￿ troni evenls Hirlligv fees BUd￿e cineina VH Buwls tund Hi%l()rJ fund C()IlllllUllilJ' fund Otlier iiicoii liiierest oil casli deEK>Sits 2,277 20,153 826 1,997 18 100 2.072 20.753 1,377 2.186 2(X) 383 468 27.439 625 25.996 El￿dIlUre Bar st(Lk and supplies c£ z Budvue cineina expenses VH Bowls tund Hire hall expenses C()iiui)ui)ity tund Pri)perty repairs Wdler rdtes Ligl)t, hedt dnd ￿￿wer 111surai)Le Gr()uiids IiiainieiuiiLe Equip1]￿11[ repairs dnd Tenewals Telephniie dnd tax LiceiiLees aiid subscripiii)ns Hall supplie% aiid cle￿IllIg DepreLiali4)li L)t equip11￿11[ dnd tittillg% 1,233 845 1,281 981 1.080 1,184 1.249 1.912 21K) 6.287 686 2.651 880 3.4?2 1,398 461 6,013 2.470 1,056 1,96) 1,391 676 3,￿3 1,402 23,689 2.307 2.997 1.650 ?7.?61 178 Nei Surplus This P&ige does llOI forn) Pilrt of rbe %1dmf(iry fitwicul state11￿1]￿. P&igie 9