SPELDHURST VILLAGE HALL FOUNDATION REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 THE SPELDHURST VILLACE HALL FOUNDATION IS A CHARITY REGISTERED TH THE CHARITY COMMISSION (ENGLAND & WALES) HAVING REGISTERED CHAIUTY NUMBER 287945
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2020 CONTENTS Page Trustee5' R¢port Risk Assessment Statement of Trugtees. Responsibilities Independ¢nt Examinu's Report Ststement of Financial Activiti¢s io Balance Sheet li Cash Flow 12 Notes to the Ac£ounts 13 Name and address of the charity: Spe1dhU Village Hall Foundation St Mary's Lanc Speldhurst Kent TN3 OPR Regist¢red Charity Number: 287945 Bankers: Sant8nder plc Bridle Road Bootle Merseysidc L30 4GB Honorary JndqKndent Examiner. Mr P Noonan 18a Benhall Mill Road TunbTidg¢ Wells Kent TN2 5JH
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2020 TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 0CTIVEs OF THE CHARrrY The charity was established Is an unincorporated trust by a declaration of trust dated 30 April 1966, under which land w&s traDSferyed io the charity out of the village allotment land for the purposes of building a villag¢ hall. using money rnised by public fundrnising. Under the Trnst Deed tbe Hall is to be used by the inhabitants of Speldhurst and the neighbourhood without distinction ofsex, sexual orientation, age, disability. nationality, race or political. religious or oth¢r opinions. including use of the hall for meetings, lectures and classes or other fornis of recreation and leisure time occupation in the IntertS of social welfare and with the objective of improving the conditions of life for those inhabitsnts. TRUSTEES AND GOVERNANCE The trust deed sets out that the management committrt shall consist of 5 elected members, 14 appointed members and up to 4 ¢0-opied members. The appointed members are appointed by the relevant Speldhursl Village b1)¢5 set out below. All rnana8erncnl committee Members arc Trustees and hold olCe for one year and may be re4lected 4t each AGM. The Trustees held office from l January 2020 to the datc of this rem unless otherwis¢ stated below, were: Re-Elerted Members Mrs E Pannell (Head of Nursery) until 10 October 2020 Mr C Mann (Maintenance) Mr D Turner Mr P Tew (Treasurer) Mrs K Bowles Mr Ryan Kuvertz (Head of Nur8ery) from 10 October 2020 Appolllted Membe Mrs N Re¢s (Si Mary's Church) Cllr R Ellery (Speldhurst Parish Council) Mrs P Carter (Library) Mr A Ford (Flower Show) Mr M Oddy (Allolments) Mr N Burgess (Scouts) Mrs S Oddy (Guides) Mrs J Fit7simmons (Toddler Group) Mr S Renlon (St Mary's Lane Residents) Mr T Shoebridge (War Gam¢s Siety) Mr l Good11 (Speldhurst Village School) Mr D GiaDnini (Men'5 Club) Mrs L Bischoff ( Fete ) Mr E W$oll (ReereAtion Ground) MT D TunKr acted as the chair of Trustees from l January 2020 to the date of this reporL A management group nll the Villa8¢ Hall on a day to day b&qis. The members of this group are the Chairnian for the time being- Mr D Turner, Mr C man Mr P Tcw, Mrs S Oddy. Mrs K Bowles and Mr T Shoebridg¢. The trust no fi)rn]al policies and pr(lUreS for the induction and training of Tnlee8.
SPELDFtURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2020 The trustees present thelr Report and Accounts for the year ended 31 December 2020 Th¢ accounts have been prepared in accordancc with the accounting policies set out in note I to the accounts and comply with the Charities Act 2011 and -Accounting and Rq)orting by Charities.. Statement of Recommended Practice applicable lo chariiies preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015). PUBLIC BENEFIT STATEMENT Jn setting our objkxtives and planning our activitirf the TneeS havc given ¢2fi consideration to the Charity Commission's gcnernl guidance on public benefit and, in particular. ils supplementary benefit guidance on fee char8tng. The Foundation fulfils its public benefit duty by providing the facilities set out in the paragraph below headed ,bjectIveS and Activities" When setting the hlre charges for the Hall. the charges have been set so that users offering public benefit to those living in the area pay a reduced tariff compared to commercial and private users. The overall objKtive of income from hire charges is to enable the Trustees to meet the annual running costs of the Hall. Expenditure that does not forni part of the regul n)aintenan¢e of th¢ building has in the p&st been covered by donations from village fimdrnising events. The Truslees consider that their hire ¢lwge policy meets the need of fvtute users of the Hall as well as current users. OBJECTIVES & A1VITIEs The continuing aims of the TTUStees is for local residents and voluntary groups in the area to be able to enjoy th¢ facilities ofthc Village Hall for their meetings and 8ctivitie5. ACHIEVEMENTS AND PERFORMANCE The Hall has been used during the year by groups reprtty] by the Trustees and by village restdenls and othus for private fullctions. The activity levels at the Hall duTing the yr have been very severely impacted by Covid 19 from March 2020 onwards both in of the Government IkdOWn periods when we have had to limit usage in accordance with Government r¢gulations or where users have, quite understandably. been reluctant to orgAnise events even when they have legally been able to do We have, however, as part of our risk ass¢ssmcnt proce intr(xluc¢d extra cleaning and sanitisatioll measure5 to ensure that the Hall h&% been safe for those users who were able to use it. We hav¢ been open at all times when it w&s legally possible lo be open. In particular the Nursery has operated throughout the year. The major works we undertook during the year to tannac repair the Hall entrance and. in Conjunction with the residents of St Mary's Lane, to repair the lane itself. We received a gmt from Speldhurst Parish Council towards these works. Detsits of the costs of this are 5¢t out in the Financial Report klow. Bookings are exp¢¢ted to continue to be very significantly negatively affected in 2021 as consequence of the Coronavirus outhreak until life rettrn8 to some sort of nornjality.
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2020 Finally, the Trustees would like to thank the Managenknt Team for all their hard work during a challenging year. FINANC REPORT Runnlng of the Hall Th¢ Hall Foundation's income comes principally from hall hire income, donations and grdnts. Total hire and income for 2020 was £18,836 (2019_ £29.584) a decrease of £1 0.748 or 36.3 /0 compaTed to last year. Regular user income for 2020 was £16,794 (2019 - £23.678) a decre&8e of £6,884 or 29.1 /0 compared to lasl year. One off user income for 2020 was £2,042 (2019- £5,906) a decrease of £3.864 or 65.40/• compared to last year. Event income for 2020 was £1.244 (2019 - £3.516) a decrease of £2,376 or 65.6/0 compared to last yw. Inwme levels were strong in the first three months of the year following on from the strong momentum gained in 2019 with new groups operating iu the Hall as well &8 various cvents. Activity levels then dropped ShalY with the rst Ikdown. There was some small pick up over the summer months and into the Autumn before the Winter lockdown. Running costs for the Hall, excluding dqTrreciation. totalled £26.497 (2019 - £36,705) a decrease of £10,209 or 27.81/1 g compared to las¢ year. These costs included £523 { 2019- £2,519) for event costs and £5331 for the works on St Mary's Lane and the Hall cntranc¢. Thi5 Cost is net of £1,797 of contributions from the St Mary's Lane residents and the Speldhurst Recreation Ground to the works on the lane. In 2019 ¢osts included the renewal of the Outside D¢cking to the building at a cost of £5,108. Deprecialion on the hall and related assets was £l1.596 (2019 - £12.328) broadly equivalent to las¢ year. The running costs ate incurred in the necessary operation and maintenance of the Hall and in the administTative support associated with dealing with hirers and suppliers. Following the Coronavirus outbreak the Management Committee took the early decision to invest in things that were requlred to keep the Hall open including deeper cleaning and satiitisation measures but otherwise keep costs very much under control and this is retlectcd in the very significani decrease in numin8 sts during the year. Grants and donatlon• Grants and donatioD3 r¢ceiv¢d during thc year were £18.596 (2019 - £7.302}. We received Bu3inctys Suppvn Grdnts of£12.703 from Tunbridge Wells Borough Council in respect of the Government COronavin IkdOWn period8 in 2020. Other gr8nts and donations included £3,250 from the village fete and £2,400 from Sp¢ldhurst Parish Council towards the St Mary's Lane and Hall entrance Works. tn 2019 a grant was received from Speldhurst Parish Council of £3,000 toward5 the cost of renewing the Outside Decking and donations were rweAved from the village f&e. the village flower show and th¢ village pram race. Surplus The net sury)lus for the year was £823 (2018- deficit of £8277) and atisas after depreciation Charged on the Village Hall and related assets. Excluding dq)reciation the surplus was £12.419 (2018 - £4,051). The fact that there is a smaIl swplus is as a consequence of rxeiving the
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2020 £12,763 of grauts from Tunbridge Wells Borough Council and kc¢ping Tunning costs Under ontrol Gommensurdte with the reduced levels of hall hire and event income. Net assets The Hall and related fixed assets were £346210 (2019 - £357,806) with the reduction of £11.596 being the depreciation cbarged in the year. Cash fLmds were £52.408 (2019 - £44.029) an Incre of £8,379 or 19.0/0 principally reflecting the surplus for the year excluding depreciation &8 adjusied by some smaller movements in working capital. Within cash funds is an investment bank deposit account of £23,040 (2018 - £22.801) which is held on a IIK) day notice acwunt. a ¢J)nsequen¢e of the £12.763 Tunbrid8¢ Wells Business Support GranLs and the decision to reduce costs in 2020, the financial health of the Hall Foundatioll rcmains very solid despile the si8nificantly reduced hall hire and event income in 2020. Deslgnated Capltsl Development Fund This Fund was set up in 25 to provide for non-regular items of expenditure necessary to ensure that the Village Hall and conlenls are maintained lo a first cl&ss standard. During the year the donations of £5.825 from the Fde. Spcldhurst Parish Council and other donations were added lo the Fund and expenditLwe of £5.331 arising from the St Mary'5 Lan¢ and Hall entrance works was charged to the Fund. A fitrther £51KI was transferred into the Fund. The balance of the Designated Capital Development Fund at 31 December 2020 was £16,403 (2019 £15,410). RESERVES, POLICY li was agreed by the Trnslees in January 2006 maintain a general reserve fijnd at a level representing six months, running costs. The G¢neral Fund at 31 December 2020 amounted to £37,906 which is in excess of six months running costs based on 2020 expenditure. However the Trusl¢es continue to consider it prudent to maintain the General Fund al currcnt lev¢ls because of the continuing uncertain economic climate and th¢ impact it might have on hire fe¢s and numing costs. FUTURE PLANS Th¢ Managcmcnt Comtnittec has decided to refurbish th¢ knilet facilitie5 in the Hall. This wo will be carried out in 2021. RELATED PARTY TRANSAcfioNS TheTr were no related paty transactions which took place with Tnte¢S other than one trustee who was reimbursed expenses that had bcen incury on beILf of the Foundation.
SPELDHifRST VILLAGE HALL FoifNDATtON REPORT AND FOR THE YFAR ENDED 31 DECEMBER 2020 u• RISK mE1¥T Inai(K Chan via the Hcalth and Safety EXtive. All reBuIHr Broups in5thtl to Approval by the Trustces oo 8 A11 2021 a1 8i8nol oll th¢ir bcb8Jf by Mr D Thrner (C1rnll)
SPELDifuRST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2020 TRUSTEES, REsPONSIBILlEs The Trnstees are responsible for preparlng the Rwrt and Firwicial Statements in accordance with PliCable law and United Kingdom Ac¢ounting Standards. Charity tsw requires the Trustees to prcpare fllwcia] statements for each finallcial year which give a true and fair vicw of thc stale of affaiT5 of The Foundation and of its incoming resources and applicauon of resources. including income and exF*nditure, for that period. In doing so the Tnte¢S are required to: select suitable accounting policies and then apply them consistcntly. observe the methods and principles of the Charities. SORP. make judgements and estimltes that are reasonable and prud¢nt' state whether applicable accounting standards and stai¢ments of recommended practice have been followed, subject to any dcpartiirc5 disclosed and explained in the financial statem¢nts' and prepare the financial statements on the goin8 concern basis unlcss it is inappropriate to presume that The Foundation will continue in operation. The Tnte¢S are responsible for keeping accounting records which disclose with re&sonable accuracy at any lime the financial position of The Foundation and which enablc them to ascertain the financiAI position of Th¢ Foundation. They are a150 responsible for safeguarding the assets of The Foundalion and hence for tsking rc&g)nthlc steps for the prevention and detection of fraud and othcr irregularities. Insofar as the Trustees are aware. there is no relevant infomiation of which The Foundation's independenl examiner is unaware, and the Trustees have laken 811 stq)s that they ought to have taken to make themselves aware of any relevant infornlation and to estsblish the independent examiner is aware of that infornwtion. The Trustees are rwL8ible for the maillten mtegrity ofthe Cor financi inforn)ation included on the tharitvs website.
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECFMBER 2020 INDEPENDENT EXAMINER'S REPORT TO THE TRuEEs OF TIIE SPELDHUILST VILLAGE HALL FOUNDATION I [grt to the trustees on my examination of the accounts of ihe above churity ("the Hall Foundaiion") with chariiy nUMr 287945 for the year ended 31 L)ecember 2020 set out on pa8es Ioto 18. Responsibilitks and basb of repjrt As the charity's trustees, you arc r%]ble for the preparation of the accounLS in accordance with the r¢quirements of the Charities Act 2011 Acfl. I report in Jrt•pect of my examinlon of thc Trusl's unts caTricd out under section 145 of the 2011 Aci and in carying oui my examination. I have followed all the applicable Directions given by the ChaTiiy Commission under seciiott 145(5Xb) of the Act. Independent examiner's statement I have completed my examination. I Conf that no material matters have come to my ttenlion in conneclion with the examination which gives me cauxe to ixlieve that in. any material res¢t. the accountsns r¢wrds were not kept in a¢(dan with section 130 of the Charilie$ Act: or the accounts did not accord with the accounting recojth: or the accounts did not comply with the applicable requirements COnrning the forni and conleni of accounL¥ set ou¢ in the Chllritie8 {AccounLs #nd Rep)rLsl Re8ulotion.s 2(K)8 other than any requirement that the accounts 8ive a 'true and fair. VI Mthi¢h is not a mutter considcrcd as part of an independent exarninatio I have no concerns and have come acmss no other matters in connecrion with the ¢xamination to which aiieaiion should be drawn in this reith in order to enable a proper underslanding of the aLcounts to be rehed. Mr P Noonan 18a Benhllll Mill Road Tunbridge Wells Keni TN2 5JH 8 April 2021
SPELDFIURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2020 STATEMENT OF FINANCIAL ACTtvrriES 2020 URF URD 2019 Totsl INCOME FROM Gronts and donatiottl Charitabl¢ aetivities H&ll hire income Event income Jnv¢stment$- bank intsT¢Bt 12,763 S833 0 7.302 7,302 18136 29.584 3.621 29.584 3,621 1244 239 239 Totst income 915 33 454 7 302 EXPENDITURE ON Ch4ritable Bctivitie$ Villagc H411 Cost8 Managemeni athniThi8trktion {IV40) (5J31) {IIJ96) {33.76T) (24J29) {5,108} (12.328) (41.765) ToAI exp•4ded li Net In¢ome l {upelldltnre) 11.917 5•2 {llJg0 1,857 2.194 (12.328) (8.277) Tr8n4f¢rs betw¢eTh tlmds SIXI Net movweTht ID fund• IIM17 1002 (IIJ90 331 2,694 {11.3021 (8.277) 26149 12716 369108 407973 Fund8 at l janll 2019 10 357 Fundi *t 31 Detembtr 2020 £37 897 £16 412 10 £400 19 £26 480 £15 410 £357 806 £399 696 URF URDF means Unrestricted Funds means Unrestricied Desi8nated Funds me8ns Restricted Funds The notes on pag¢s 13 to 17 fomi part of these accounts. io
SPELDHURST VILLAGE HALL FOUNDATtON REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 2019 FIXED A&SETS ViJla8e Hall 354,486 3J20 344210 357.806 tkbtDT% and prqydyments IDvestments (dqjosit acllts) Cq8h at btyk 4A71 23JM 29J68 1,151 22,801 21228 (U70) {3290) 41.890 TOTAL NET £4W19 £ 399.696 Unrethrted Funds lkncrnl FuDd Unrestrict¢d Design•tAI Fundj 37JOS 26.480 15.410 41,890 Hall Fund Content8 Asset Fund so1 Syswn Fund 345J37 642 232 355,514 1.828 464 346Jii 357.806 £ 41KIJ19 £ 399.696 Apwov¢d by th¢ TTus¢eth on 8 Awil 2021 and si8MI Ihcir b¢ha]fby: MrD {Chalnuan) Th¢ notes on page4 13 to 17 forni part of act¥Amts. li
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2020 CASH FLOW STATEMENT Total Funds Funds 2020 2019 Cash flows from operating actlvltles: Nel cashprovided by/(usediA) operatsng Actsvllies 8,140 Cash flows from thvejtlng *tdvlde8: Ad'tion lofLredass¢ts Dividendsfrom Iniere (O) {1.026) Cash flo from operatlng and Investlng actlvld 140 4.032 Cash and cash equlYaleDts It l January 2019 Cash #Dd equlvglents at 31 Dec¢mbtr 2019 Cash in hand Bank Current accounts Bank deposit accounts (no notice) 21228 17,196 29 21 28 29J68 21228 rotsl cash Andcash 4411tts 29 21 28 Note: Th¢ inv&81mcnt d¢pM)Sit account represents (ash bank on a 100 day noiice account which consequently is not treated as cash and casb equivalents Re¢on¢lll4don of net income l (exp¢ndltllre) to net ealh flow from operating activitles Net income l (expenditure) for the year as per the Statement of Financial Activities D¢preciation of red a55ets Interest from investments (IncTe&8¢) / decrease in debtors Incre&se l (decrease) in credItS (8277) 12,328 (248) (29) 84 11596 {239) (3J20) 720 Ne¢ Cash provlded by l (used In) oper2thig aetlvities 8.140 The notes on pages 13 to 17 forni part of these accounts. 12
SPELDHURST JllLLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2020 NOTES TO THE FtNANCIAL STATEmE[s AccouNrtNG POLICIES Accountin8 Conv¢ntion The accounts have been prepared under the historical cA)st convention and in accordance with applicable accounting standards. the Chatities Act 2011 and with Stsfrment of Recommended Practice AOUnting & RertIng by ChaTities (FRS102). tncoming Resourtts Donations and fundraising income are credited to the Statement of Financial Activilies when rwcived. Hiring income, gTanLS. pledged income and interest receivable are cr¢dit¢d on an accruals basis Wlth hiring income representiog income for events which take place in the rtnancial year. Coronavirus Business Support Grants from TunbTidge Wells Borough Council are credited in the lockdown period io which they relate. Resources Expended Expenditurc is debited to the Statement of Financial Activities on an accruals basis so costs reflect the usage of services undertaken in the financial year. Depreciation Depreciation is provided on 8 straight line basis to write off Ihe cosi, less ¢stimaied residual values of fixed assets, over their expected lives using the following rates: Village HaIl Furniture and Equipmcnt 2VD per 8nnum l(V/o per annum 13
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2020 GIiANTS AND DONATIONS Unregtricted Restslcted Funds FvDds Total 2020 Total 2019 Speldhurst Fete Speldhurst Parish Council Speldhurst Flower Show Speldhurst Pram Race Tunbridge Wells Borough Council Other 3250 3.250 14(K) 3.250 3.000 450 474 12.763 12,763 128 18J96 18.596 7.302 A donation was receivrf consist¢nt with prior years, from the surplus of the Speldhurst Fete - £3,250 { 2019 - £3250). This arose from the Fete held in 2019 bul was re1Ved in 2020. No donation was received this year from the Speldhurst Flower Show which was cancelled due to the Covid pt¢M1C (2019 - £450). Similarly no donation was received from the Speldhurst Pram Race which was also caneelled (2019- £474). Grants include £1.400 from Speldhurtst Parish Council for the taTmac outsidc the main entrance to the Village Hall and a further £1,000 from Speldhurst Parish Council for the repairs to St Mary's Lane. In 2019 a grant was received from Speldhursi Parish Council for £3.IXX) Wwards the cost of renewing the Outside Decking. Business support grants of £12.763 were obtsined in the year from Tunbridge Wells Borough Council as part of the UK Governmcnl's support arrangements whe premis¢$ were required to close to certain activities in the Covid lockdowns in 2020. DIRECT CHARITABLE EXPEND Unregtrleted Funds Re4trleted FuDd• Total 2020 Total 2019 Vlll2ge Hall costs Telephone and broadband Repairs and renewals Caretaker 5¢rvices Cleaning and refuse collection Lighc heat and water Insurance and perfomance licence Genernl exPe¢S Fire and safety equipm¢nt Postage, stationary and office supplies Website and systems Costs Event ciysts PaypaI charges Depreciation 503 6,641 2,120 5.891 2,640 1,723 503 6,641 2,120 5091 2,640 1,723 1,608 83 102 337 523 385 8,684 2,710 5.510 4,958 1,719 1.455 1.255 33 102 337 523 2,519 (2) 12328 liJ96 liJ96 Total 22,171 IlJ96 33.767 41.765 14
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2020 Management and administration 4J25 4J25 7.268 Total expenditure 4496 I196 38,092 49.033 Repairs and renewals in¢lude £5.331 in relation to the tarnw and repatrs to St Mary's Lalle and the ¢ntrance to the main entrdnce to the Village Hall. This cost is net of £1.797 of reimbursements from St Mary's Lane residents and the Sp¢ldhurst Recreation Ground for their slwe of the cost. In ihe prior period £5.108 w&$ spent on the decking. TANGIBLE FIXED ASSETS Village Hall Furniture & Equipment Totsl COST Cost At l January 2020 Additions 520,421 48.213 568.634 Cost ai 31 DeMber 2020 520.421 48213 508ffi34 DEPRECIATION Balance at l January 2020 Char8¢ for the year 165,935 10,409 44,893 1,187 210,828 11.596 B41ancc at 31 Ihcember 2020 17A344 4A080 222,424 NET BOOK VALUE AT 31 DEC 2020 34077 2,133 346210 NET BOOK VALUE AT 31 DEC 2019 354,486 3,320 357.806 Additious in the year w¢re rhaits for use in the Hall. DEBTORS AND PREPAYMENTS 2020 2019 Prepayments Accrned income 1,018 3153 1,046 105 Total 4,471 1,151 All debtors and prepayments are recoverable iti or r¢late to the next year. Accrued income includes £2,763 relating to COronavin Business Support Grants reiyived in 2021 relating to 2020 lockdown periods. 15
SPELDHURST VILLAGE HALL FoifNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2020 CREDrroRS AND ACCRUALS 2020 2019 AccTued charges Deferred income Hire indemnity deposits ryyable 2,012 41J8 150 1.862 928 500 Total 2.S70 3290 ljan 2020 31 De¢ 2020 Income Expenditure Transfers Unrestrlcted Funds General Fund Designated Capital Dcvclopmcnt Fund 26,480 33,091 (21,165) {500) 37,906 15.410 5,824 (5,331) 500 16,403 41,91XI 38.915 (26,496) 54.309 Restrltted Funds Hall Asset Fund Contents Asset Fund Sound System Fund 355,514 1,828 (10,407) (1,186) (232) 345J37 642 232 357.806 <11,596) 346210 399,696 38,915 (38,092) 400.519 Unrestrlcted Fund$ These represent funds that can be used for the 8C[al PUTPW of the charity: General Fund- covern the general running costs of the Hall. Designated Capital Development Fund - this fund has been created from certain donations to provide for non-regular itellLS of expendlture necessary to ¢Lsure that the Hall and contents are maintained to a first class standard. The cost of the resurfacing the Hall fl(Mxing h&$ been charged to the Designated Capital Development Fund during the ye8r. Restricted Funds These represent funds that have to be US as sp¢Gified by the donors. HallA&3d Fund- this represents the n¢t book value of the Hall Conlents Assd Fund- this represents the net Ik value of Hail contents over the value of £200. 16
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2020 Sound Syslem Fund- this represents an amount equivaIent to a grdnt received from Speldhurst Parish Council towar(L5 the cosl of the sound system alld is being written off over 10 years in line with the depreciation charged on the sound system. Restricted fimds are reduced by the depreciation on the Hall and related asscts. ANALYSIS OF NET ASSETS BETWEEN FUNDS Fund balances at 31 DK¢mber 2020 are reprtscDted by: UDrestrlcted Fund8 Re8trkted Funds Total Fun Fixed as8¢ts DebtOTS and accrued income Investments ( deposit accounts) Cash at Bank Creditorn and accruals 346210 346310 4,471 23,040 29,368 {2.570) 4,471 23,040 29J68 (2J70) $4a09 346,210 41)0,519 FINANCIAL INSTRUMENrs The Hall Foundations financial inslrnments are its debtors, cash ( including investment deposit accounts ) and creditors. The credit risk involved in these financial instruments is low ( the cash is covered by the FSCS guarantee scheme). The fair value and book value of financial instnrnents is th¢ same. 10 TrANSACTIONS WITH TRUSTEES No trustee receives remuneraiion or any benefiis from the Foundation. Trustees received £304 (2019 - £547) in reimbursement of expenses incurred in the njnning of the charity and were invoiced, on the same tern)s and condttions as applies to bookings to other than to Tru5tccs, £0 (2019 - £148) for us¢ of Vi118g¢ Hall facilities. Similarly close relatives of Tru8te¢8 were invoiced, on the same ternis and conditions as applies to bookings to other than to Trustee £30 (2019 - £24) for use of Village Hall facilities. I I POST BALANCE SHEET EVENTS In 2021 the Hall Foundation received a fither £8288 in Covid relatsd business support grants from Tunbridge Wells Borough Council rclating to lockdown plOdS in 2021. 17