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
0￿CTIVEs 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 Inter￿tS 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 b￿1)¢5 set out below. All rnana8erncnl committee Members arc Trustees
and hold o￿lCe 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 S￿iety)
Mr l Good￿11 (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 Tn￿lee8.

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 Tn￿eeS havc given ¢2￿fi
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 & A￿1VITIEs
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 repr￿tty] by the Trustees and by village
restdenls and othus for private fullctions.
The activity levels at the Hall duTing the y￿r have been very severely impacted by Covid 19
from March 2020 onwards both in of the Government I￿kdOWn 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 Sha￿lY with the r￿st I￿kdown. 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￿ I￿kdOWn 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 2￿5 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 Tn￿te¢S other than one trustee
who was reimbursed expenses that had bcen incury￿ on beI￿Lf 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 EX￿tive. All reBuIHr ￿ Broups in5th￿t￿l to
Approval by the Trustces oo 8 A￿11 2021 a￿1 8i8nol oll th¢ir bcb8Jf by
Mr D Thrner
(C￿1rn￿ll)

SPELDifuRST VILLAGE HALL FOUNDATION
REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2020
TRUSTEES, REsPONSIBIL￿lEs
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
Tn￿te¢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 Tn￿te¢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 TRu￿EEs OF TIIE
SPELDHUILST VILLAGE HALL FOUNDATION
I [g￿rt to the trustees on my examination of the accounts of ihe above churity ("the Hall
Foundaiion") with chariiy nUM￿r 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 examin￿lon 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 COn￿rning 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 re￿hed.
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)
To*AI 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 mov*weTht 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 ac￿￿llts)
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
so￿1 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 441￿1t￿ts
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 r￿ed a55ets
Interest from investments
(IncTe&8¢) / decrease in debtors
Incre&se l (decrease) in credIt￿S
(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 A￿OUnting & Re￿rtIng 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 r￿e1Ved in 2020. No
donation was received this year from the Speldhurst Flower Show which was cancelled due to
the Covid p￿t￿¢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 wh￿e 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
I1￿96
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 D￿eMber 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 8￿C[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 I￿k 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 fi￿ther £8288 in Covid relatsd business support grants
from Tunbridge Wells Borough Council rclating to lockdown p￿lOdS in 2021.
17