SPELDHURST LLAGE HAIL FOUNDATION REPORT AI¥D ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 THE SPELDHURST VILLAGE HALL FOUNDATION IS A CHARITY REGISTERED WITH THE CHARITY COMMISSION (ENGLAND & WALES) HAVING REGISTERED CHARITY IYUMBER 287945
SPELDHURST VILLAGE HALL FOUNDATtON REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 CONTENTS Page Ttwstees, Report Risk AeSsMent Statem¢nt of Truste. Responsibilitics Ind¢pend¢nt Examiner's Report Statement of Financial Activities io Balance Sheet li Cash Flow 12 Notes to the Accounts 13 Name and of the charity: Speldhurst Village Hall Foundation St Mary's Lane Speldhurst TN3 OPR Registered Clwity Number. 287945 Santander plc Brtdle Road Bootle erseysid¢ L30 4GB Honorary Jndq)endent Examiner. Mr S Pocock FCCA BSR Bespoke Chartered A(xountants Linden House Lindell Close Tunbridge Wells Kent TN4 811H
SPELDEIURST VtLLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 OBJECTIVES OF THE CHARITY The charity was established as an unincorpornted trnst by a declaration of tt dated 30 April 1966. under which land w&8 trdnsfeETed to the charity out of the village allotment land for the purpos¢s of building a villag¢ hall. using money T8ised by public fimdraising. Under the Trust De the Hall is to be used by the inhabitants of Speldhurst and the neighiN)urhood without distinction of sex. sexual orientation, age, disability, nationality. Tace or political. religious or other opinions, including use of the hall for meetings. Rectures and classes or other forn of re¢rtion aDd leisure tim¢ occupation in the interests of social welfare and with the objective of improving the conditions of life for those inhabitants. TRUSTEES AND GOVERNANCE The trust deed sets oui that the management committee shall consist of 5 elected members. 14 appointed members and up to 4 Copted members. The appointed members are appointed by the r¢l¢vant Speldhutst Village bodies set out below. All managcment )MMIttee members are Truste¢s and hold office for one year and may be re*lected at each AGM. The TNstees held office from l January 2021 to the dat¢ of this rqyorL unless Otherwi stated below. were: Re-Elected Members MT C Mann (Maintenance) Mr D Turner Mr P Tew (Treasurer) MTS K Bowles Mr Ryan Kuvertz Appointed Members Mrs N Rees (St Mary's ChuT¢h) Cllr R Ellery (Speldhurst Pati5h Council) Mrs P Carter {Librdry} Mr A Ford (Flower Show) Mr M Oddy (Allotmenls) Mr N Burgess {S¢outs) Mrs S Oddy (Guides) Mr S Renton (St Mary'5 Lane Residents) until 7 October 2021 Mr T Shoebridge (War Games Society) Mr l Goodsell (Speldhurst Village School) ulltil 7 October 2021 Mr D Giannini (Men's Club) Mrs L Bischoff { Fete ) until 7 October 2021 Mr E Wesson (Recreation Ground) Mr M Hamwing (Fete and St Mary's Lane Residents} from 7 October 2021 Mr L Hodgkinson (Speldhwst Village School) from 7 October 2021 Emma Arniour (Footsteps Dance Academy) from 7 October 2021 Mr D Turner acted as the Chairnian of TTUStees from l Jalluary 2021 to the date of this repx)rt. A management group runs the Village Hall on a day to day basis. Thc members of this group are the Chairman for the time being- Mr D Turner. Mr C Mann. Mr P Tew. Mrs S Oddy. Mrs K Bowles and Mr T Shoebridge. The trust I8 no fortDal policies and procedures for the induction and training of Trustees.
SPELDHURST VILLAGE HALL FoifNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees present their Report and Accounts for the year ended 31 December 2021 The accounts have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the ChaTities Act 2011 and"Accountillg alld Reporting by Clwities: Statement of Recommended Prdctice applicable to cbarities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015). PUBLIC BENEFrr STATEMENT In setting our objectives and planning our activities. the T[eeS have given careful consideration to the Charity Comrnission's generdl guidance on public benefit an( in particular, its supplementary bcncfit guidance on fee charging. The Foundation fulfils its public benefit duty by providing the facilities set out in the paragraph below headed 'X)bjectives and Activities". 5ettiThg the hire charges for the Hall, the charges have been set so that Users offering public benefit io those living in the area pay a reduced tariff compared to commercial and private users. The overall objective of income from hire charges is to enable the Trustees lo meet the annual nillg costs of the Hall. Expenditure that doe5 not forni part of the regular nmintenance of the building has in the past been covered by donations from village fundraising events. The TteeS consider that their hire cljarge policy meets the Deed of future users of the Hall as well as Quent users. OBJECTIVES & AcfiviTIES The continuitig aims of the Trustees is for local r¢sidents and voluntary groups in the area to be able to enjoy the facilities of the Village Hall for their meetings and activities. ACHIEVEMENTS AM) PERFORMANCE The Hall been used during the year by groups represented by the Tte¢S and by village residents and others for private functions. The activity levels at the Hall during the year have once again been very severely impacted by Covid 19 both in tern)s of the Government l(Kkdown periods when we have bad to limit usage in accordance with Gov¢rnrnent regulations or wbere users bave, quite understandably, been reluctant to organise events even when they have legally been able to do so. We have nintaIned the extra cleaning and sanitisation measures that were introduced in 2020 to eiisure that the Hall has been safe for those users who were able to use it. We have been open at all times when it was legally p)ssible to be Ope In particular the Nursery has operated throughout the ye8T. The major works we undert¢)ok during the year was the refurtiishment of the toilets which had become rather tired. We took the opportunity to introduce bands tree taps which not 0Y reduces water usage but also reduces the spread of bacteria and vIneS from person to petson. We received 2 grt frotn Speldhur5t Parish Council towards these works. Details of the costs of this are set out in the Financial Report below. Finally. the TTUStees would like to thank the Management Team for all their hard work during a challenging year. We would also lik¢ to that& Jenny Cooper. who stlM)d down as
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 athninistrator during the year. for all her hard work and we would like to welcome Sam Van NeikerL her repla¢¢mellL FINANCIAL REPORT Running of the Hall The Hall Foundation's income comes principally from hall hire income. donations and grdnts. Total hire and income for 2021 was £20.481 (2020 - £18.836) an incre&se of £1,645 or 8.70/0 compared to last year. Regular wer income for 2021 was £17,880 {2020- £16.794) an increase of £1.086 or 6.5°k compared to last year. One off user income for 2021 was £2.601 (2020- £2,042) an increase of £599 or 27.40/9 ¢ompared ¢0 lasl year. Event income for 2021 was £270 (2020- £1.244) a decrease of £974 or 78.30/0 ciympared to 1&8t year. Income levels have continued to suffer from Covid Iwkdowns and users reluctance to return to pre pandemic booking levels. Activity levels have started more strongly ai the beginning of 2022. Running Costs for the Hall, excluding depreciatio totalled £38.344 {2020 - £26.497) an increase of £l1.847 or 44.7 /0 compared to last year. These costs included £10.775 in rwect of the refiwbishment of the toilets (2020 - £5,331 for the works on St Mary's tAne and the Hall ¢ntrance). Depreciation on the hall and r¢lated assets was £11,059 (2020 - £11,596) broadly equivalent to last y¢8r. The nllming costs are incurred in the nec&qsary operdtion and maintenance of the Hall and in the administrats.ve support associated with dealing with hirers and suppliers. Cleaning costs. in particular. have increased signifjcantly since last year reflecting a greater amount of time the Hall h&$ been open and being used. Grant8 and donatlons Grants and donations received during the year were £16.418 {2020 - £18.596). We received Business Support Grants of £16233 (2020- £12,763) from Tunbridge Wells Borough Council in respect of the Governvnent Coronavirus lockdown perio(L4 and restart grdnts. We receiv £5.000 from Speldhutst Parish Council toward5 tbc cost of rcfurbishing the toilets. Jn 2020 other grants and donations included £3.250 from the village fete and £2,400 from Speldhur5t Parish Council towards the St Mary's Lane and Hall cntrallcc works. Surplus The net deficit for the year was £7.097 (2020- SUluS of £823) and arises after depreciation charged on the Village Hall and related assets. Excluding depreciation the surplus was £3,692 (2020- £12,419). The net result for both 2021 and 2020 is as a consequence of receiving the £16,233 (2020 - £12,763) of grants from Tunbridge Wells Borough Council and keeping nmning costs under control commeurate with the reduced levels of hall hire and event income. Net assets The Hall and related fixed assets were £335,152 (2020- £346.210) with thc reduction of £11,059 being the depreciation ¢haTg¢d in the Yr. Cash funds were £61 J77 (2020 - £52.408) an Incre of £8.969 or 17.lts/o principally reflecting the surplus for the year excluding depreciation as adjusted by some other movements
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 in working capital. Within cash fimds is an investment bank deposil account of £23.175 (2020- £23,040) which is held on a l(K> day notice accounL As a consequence of the Tunbridge Wells Business Support Grdllts and the decision to Teduce costs in 2020, the financial health of the Hall Foundation remains vy solid despite the significantly reduced hall hire and event in¢ome in both 2020 and 2021. Designated C8plt*l Development Fund This Fund waq set up in 2(K15 to provide for non-regular items of expenditure necessary to ensure that the Village Hall and contents are maintained to a rst class standard. During the year ihe donations of £5.000 from Speldhurst Parish Council were added to the Fund and expenditure of £10.775 arising from the refithislllnent of the toilets was ¢harg¢d to th¢ Fund. A further £500 was transferred into the Fund. The balance of the Designated Capital Development Fund ai 31 December 2021 was £1 1.128 (2020- £16.403). RESERVES, POLICY It was agreed by the Trustees in January 2006 to mainlain a generdl reserve fund at a level representing six months, runnin8 Costs. The G¢neral Fund at 31 December 2021 amounted to £47,142 which is in exce&s of six months rutmitig costs based on 2020 expendkture. However the Trustees continue to consider it Prudent to maintsin the General Fund at current levels because of the continuing wicertain economic climate aDd the i[Dt it might have on hire fees and nnIng costs. FUTURE PLANS We will Continue to co]0US of costs activity levels incre&se to ensure we reJai in 2 satisfactory financial position. There is planned work on the radiaiors and the flU0ent tubes in the kitchen and we will consider what fiuther maintenancelupgTa&s are required over the summer months. RELATED PARTY TRANSAcfioNS There were no related party transactions which took place with Truslees other than one trnstee who was reimbursed expenses that bad bccll incurred on behalf of the Foundation.
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 RISK ASSESSMENT The Management Committee continues to monitor risks regularly and receives updates of any major ¢hat]ges via thc Health and Safety Executive. All regular user gtDups are instrncted lo carry out their own risk assessments. There are fllvdn¢ial procedures in place for handling cash and for authorising, approving and paying for items of expenditure. An insurance policy is in place. Approved by th¢ Trustees on 24 March 2022 and signed on their behalf by Mr D Turner {Chalrman)
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 TRUSTEES, RESPONSIBILITIES The Trustees ar¢ responsible for preparing the Report and Financial Sthtements in ac¢ordance with applicable law and United Kingdom Accounting Standar(ts. Charity law requires tbe Trustees to prepare financial staiements for each financial year which give a tsue and fair view of the state of affairs of The Foundation and of its incornillg resources and application of resour¢¢s, including income and expenditure, for that period. In doing so the TnJst¢¢s are required to: select suitable accounting policies and then apply them consistently. observe th¢ methods and principles of the Charities. SORP. make judg¢rnents and estimates that are reasonable and prudent. • state whether applicable accountin8 Standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial slatements- and prepare ihe financial statements on the going concern basis unless it is inappropriate to presume that The Foulldation will ¢ontinu¢ in operation. The Trustees are responsible for keeping accounts.ng rOrdS which disclose with reasonable ¢uracy at any lime the financial position of The Foundation and which enable them to ascertain the financial position of The Fowidation. They are also r&qponsible for safeguarding the assets of The Foundation and hetKe for takillg re&sothle step5 foT the prevention and detection of fraud and Oth irregularities. Insofar as the Tst8 are aware. there is no relevant inforn)ation of which The Foundation's indq>endent examiner is unaware. and the TteeS have laken all stq)s that they ought to have taken to make themselves aware of any relevant information and to estsblish that the indepcndent exaD]iller is aware of that infonnatio The Trustees are resp)nsible forthe maintenwKe and integrity of the corte fina181 infommtion illcluded oll the charity's website.
SPELDHURST VILLAGE HALL FOUNDATtON REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 II¥DEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SPELDHUKST VILLAGE HALL FOUNDATION I report to the tnteeS on My examination of the accounts of the above charity ("the Hall Foundation") wÉth charity number 287945 for the year ended 31 December 2021 set out on pages 10 to 18. Re5pon$ilTrilities and basts of report As the charity's trLLSte¢& you are responsible for the preparation of the accounts in acc4)rdance with the requiremcnts of thc Charities Act 2011 (-the Act"). I report in resiKrt of my cxaminknon of the Trust's accounts carried out under section 145 of the 2011 Act aDd in caYing out my examination. I have followed all the applicable Directions given by the Clwity Commissioo under section 145{5)Ib) of the Act. Independent examiner's statement I have compleled my examination. I confirni that no nuteTial matters have come to my attention itL COt]nection with th¢ eXamitIon which gives me cause to believe that in, any material r&spect: the accounting records wer¢ not kepl ij) with section 130 of the Charities the accounts did not accord with the accounting records" or the accounts did not comply with the applicable requirements concerning the fonn and content of accounts set out in the Chan"ties (Accounts and Reports) Regulations 28 other than any requirement thai the accounts give a 'tnJe and fair. view which is not a matter considered &s part of an independent examination. I have no concems and have come across no other matters in connection with the examinatiotL to which attention should be drawn in this report in order to enable a pr(wcr understanding of the accounts to b¢ rhed. Mr S Pocock FCCA BSR Bespoke Chartered AccoutLtaDts Linden House Linden Close Tunbridge Wells Kent TN4 8HH 24 March 2022
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 STATEMENT OF FINANCIAL AcfiviTIES 2021 2020 IUIF Totsl Notes INCOME FROM Gronts )d th)natioTh Charitable a¢tivities Hall hire incomc Event income Investments- bank interes¢ IU18 21J18 11763 5.833 18,596 2WI 270 136 20h81 170 136 18836 1.244 239 18.836 1.244 239 TOLII i1)tne 37J05 33,082 5,833 38.915 EXPENDrruRE ON Charitable activitie5 Vi112ge Hall c05t5 Management and administration Q3,7•21 (1•.775) 111059) 145536} 116.840} 15 J311 1115961 {33.7671 13167) 4.325 Totsl exptDdtd (27J691 (10,Tr5) IIIW59} 149AI} {21.165} {5J311 111.5961 {38,(Y921 Net Intome l (eipetyd5ture) ISTIS) 11105 (7J19¥} 502 111.5%) 823 Transfers be¢en fimds (5001 S(X) Net movement Ill 9A16 (5375) 1llJ59> {7•981 1.fy)2 111,5961 823 Fund5 at l January 2020 37J97 16812 346210 4W19 26.480 15.410 357.806 399,696 Futtds at 31 Deeember 21121 47.133 11,137 335.JS1 391421 37.897 16,412 346210 400.519 means Unr¢stri¢ted Funds URDF Means Unrestricted Designatsj Funds means Restricted Funds The notes on pages 13 to 18 forni part of these accounts. io
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 BALAI¥CE SHEET 2021 2021 2020 2020 Notes FIXED ASSETS Village Hall Furnithre and equipment 333.669 344,077 2,133 335,152 346210 CURRENT ASSETS Debtors and prepayments Investments (deposit accounts) Cash at bank 1241 23,175 38202 4.471 23.040 29.368 CURRENT LIABILITIES Creditors and accruals (4J48) (2,570) NET CURRENT ASSETS 58370 54J09 TOTAL NET A&SETS £ 393.421 £400,519 FUNDS Unrestricted Fund$ General Fund Unrestricted Designated Funds 47.142 37.905 16,403 5&270 54,308 Re$tricled Funds Hall Fund Contents Asset Fund Sound System Fund 334.928 223 345,337 642 232 335.151 346,211 £ 393.421 £400.519 Approve by the TrteeS on 24 March 2022 and signed on their behalf by: Mr D Turner (Chalrman) The notes on pages 13 to 18 forni part of thes¢ accounts.
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 CASH FLOW STATEMENT Totsl Funds Total Funds 2021 2020 Cash floiys from operating aetivities: cash providedby/(usedin) operaling Adiviti 8.140 Cash flowi from investing activities: Addition ¢ofLYed sssets DivideniLFfrom inl¢resl (o) (o) (o C*$h flows from operating and investing activihes 8,140 Casb and eash equivalents at l JaDUVdry 2020 29J68 21228 Cash #nd cash equivalents at 31 December 2020 38 Cash in hand Ballk cutTent a¢wunts Bank dep)sit accounts (no notice) 38202 29,368 Totdl ctxsh and cash equivalents 38 02 29,368 Note: Th¢ investmeni de>Sit account rq)resents cash at bank on a 100 day notice account which consequently is not treated as cash and cash equivalents Reconcillatlon of net income l (expendilure) to net cash flow from operating activities Net income / (expenditUTe) for the year as per the Siatemenl of Fitiancial Activities Depreciation of fixed assets Inierest from investments (Increase) / d¢¢rease in debtors Increase l (decrease) in creditors (7,1197) 11,059 (136) 3330 823 11,596 (239) (3.320) 720 Net cash provided by l (used in) operatlng aedvltles 8,140 The notes on pag¢s 13 to 18 forn] part of these accounts. 12
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 NOTES TO THE FINANCIAL STATEMENTS ACCOUNTING POLICIES AOUnting Convention The accounts have been prepared under the historical cost convention and in accordance with applicable accounting standards, the Charities Act 2011 and with Statement of Reconjmended Prnctice Accounting & Rep)rting by Charities (FRSI 02). Incoming Resources Donations and fimdraising income are credited to the Statement of Financial Activities when received. Hirlng income. grants. pl¢dg¢d income and interest receivable are credited on an accruaIs b&8is with hiring income representing income for events which take place in the fmancial year. Coronavirus Business Support Grdnts from Tunbridge Wells Borough Council are credited in the lockdown period to which they relate. Resourc Expended Expendire is debited to the Statement of Financial Activities on an accruals blS so costs reflect the usage of services undertaken in the financial year. Depreciation Depreciation is provided on a straight line b&8iS to write off the cost. less estimated residual values of red asseL8. over their expected lives using the following rates: Village Hall Furniture and Equipment 2/0 per anniun IIW/o per annum 13
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 GRANTS AND DONATtONS Unrestrided Restrieted Funds Funds Total 2021 Total 2020 Speldhurst Fete Speldhurst Parish Council Speldhurst Flower Show Speldhurst Pram Race Tunbridge Wells Borough Council Other 3,250 2.400 16233 185 16233 185 12,763 183 21,418 21.418 18,596 The Fele, Flower Show and Pram race did not tske place in 2020 as a consequence of the Covid PaDd¢mi¢ and accordingly no donations were received in 2021 from the SuluseS from thes¢ events. A donation of £3250 was received in 2020 from the surplus of the 2019 Speldhurst F¢t¢. A grdnt of £5.(M)O was received in 2021 from Speldhurst Parish Council towards the cost of refurbishing the Village Hall toilets. Grants in 2020 from Speldhurst PaTi8h Council comprised £1,400 for the tarmac outside the main entrance to the Village Hall and a rtber £l.000 for the repairs to St Mary's Lane. Business support gtznts and a restart grant of £16.233 (2020 - £12,763) were obtained in rwt of the year frorn Tunbridge Wells Borough Council as part of the UK Government's support aTrdngements where premises were required to Glos¢ to certain activities in the Covid lockdowns in 2021 and 2020. 14
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 DIRECT CHARITABLE EXPENDrruRE Unrestricted FuDds Restricted Funds Total 2021 Total 2020 VS114ge Hall costs Telephone and broadband Repairs and renewals Caretaker services Cleaning and refuse collection LighL heat and water Insurance and perfomlance licence General expenses Fire arAd safety equipment Postage, ststionary and office supplies Website and systems costs Event costs Paypal chgeS Depreciation 557 12,296 2.575 9.272 5J42 2J26 1,615 466 35 24 (32) 557 12,296 2575 9272 5,342 2,326 1,615 466 35 24 (32) 503 6,641 2.120 5.891 1,723 1.608 83 102 337 523 (o) 11,596 11.059 11,059 Total 34.476 11.059 45.535 33.767 Management atKI admirllstrdtion 3,867 3,867 4,325 Tothl expenditure 38J43 11.059 49,402 38.092 Repairs and renewals in 2021 include £10.775 in respect of the refUlshment of the toilets. A grant of £5.000 was re¢eii'¢d from Speldhurst Parish Council and is sbown ill note 2 above. Repairs and renewals in 2020 include £5.331 in relation to the tamiac and repaiTS to St Mary. Lane and the entrance to the ffjaill entrance to the Village Hall. This cost is net of £1,797 of reimbursements from St Mary's Lane residents and the Speldhurst Recreation Ground for their share of the ro5L 15
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 TANGIBLE FIXED ASSETS Village Hall Furniture & Equipment Total COST Cost at l January 2021 Additions 520,421 48.213 568.634 Cost at 31 December 2021 520,421 48213 568ffi34 DEPRECIATION Balance at l January 2021 Charge for the year 176J44 10.408 46.080 650 222,424 11.058 Balance at 31 Decemb 2021 186,752 46,730 233.482 NET BOOK VALUE AT 31 DEC 2021 333.669 1.483 335,152 NEf BOOK VALUE AT 31 DEC 2020 344.077 2.133 346,210 Additions in the y¢aT were chairs for us¢ in the Hall. DEBTORS AND PREPAYMENrs 2021 2020 Prepaymcnts Ac¢rued in¢om¢ 1.018 3.453 Total 1241 4,471 All debtors and prepayments are recoverable in or relaie to the next y¢aT. A¢¢rned income in 2020 includes £2,763 relating to CoronaViS Business sup Grdllts received in 2021 relating to 2020 lockdown periods. CREDITORS AND ACCRUALS 2021 2020 Acerued charges Deferred income Hire indemnity deposits repayable 3076 72 2.012 408 150 Total 2,570 16
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 ljan 2021 31 Dec 21b21 tncome Expenditure Transfer5 Unrestricted Fulld8 Gelleral Fund Designated Capital D¢v¢lopment Fund 37.906 37,305 (27,569) (500) 47,142 16.403 {10,775) 5Crf) 11,128 54J09 42,305 (38.344) 58.270 Restrieted Funds Hall Asset Fund Contents Asset Fund Sound System Fund 345.336 642 232 (10,408) (419) (232) 334,928 223 346,210 {11.059) 335.151 41KI.519 42,305 (49,403) 393,421 Unrestricted Funds These represent fimds thai can used for the general PuTp(S of the charity: General Fund- covets the generdl rulllliDg costs of the Hall. Designated Capital Development Fund- this fund has been created from certain donations to provide for non-regular items of expendiDJre necessary to ensure thxt the Hall and contents are maintained to a first cl&ss standard. The cost of the resurfacing the Hall floorlng has been Charg to the Designated Capital Development Fund during the year. Restrleted FuDds These represent fi]nds that have tr> be used as specified by the donors. Hall Asset Fund- this represents the net book value of the Hall Contents As3etFund- thi5 represents the n¢t book vaIue of Hail contents over the value of £2W. Sound Syslem Fund- this represents an amount equivalent to a grant received from SpeldhurJt Parish Council towards the cost of the sound system and is being written off over 10 years in line with the depreciation charged on the sound system. Restricted fim&8 aTe Tedu¢¢d by the depreciation on the Hall and related assets. 17
SPELDHURST VILLAGE HALL FOUNDATION REPORT AND FOR THE YEAR ENDED 31 DECEMBER 2021 ANALYSIS OF NET ASSETS BETWEEN FUNDS Fund balan¢es at 31 December 2021 are represented by.. Unrestri¢ted Fund5 Restricted Funds Totsl Funds Fixed asscts Debtors and accDJed income Investments ( deposit accounts) Casb at Bank Creditors and accruals 335,152 335,152 1241 23,175 38,202 (4J48) 1241 23.175 202 (4J48) 58270 335.152 393.421 FfNANCIAL INSTRUMENTS The Hail Foundations financial instruments are its debtor4 cash { including investment deposit accounts ) and creditors. The dit risk involved in these financial instrLunents is low ( the cash is covered by the FSCS guardlltre sth¢m¢). The fair value and book vaJu¢ of financial instnunents is the sanle. 10 TRANSACTIONS wrrH TRUSTEES No trustee receives remuneration or any benefits from the Foundation. Trnstees received £579 (2020 - £304) in reimbursement of expenses incurred in the running of the charity and were invoiced. on the same tern)s and conditions as applies to bookings lo other than to Trustees, £0 (2020- £0) for use of Village Hall facilities. Similarly close relatives of Trustccs were invoiced, on the same ternis and conditions as applic5 to bookiDg5 to othcr than to Trustees. £0 (2020- £30) for use of Village Hall factltties. 18