COLLINGBOURNE DUCIS VILLAGE HALL TRUST Registered Charity No 288354 FINANCIAL STATEMENTS YEAR TO 30TH JUNE 2024 COLLINGBOURNE DUCIS VILLAGE HALL TRUST REGISTERED CHARITY 288354 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30- JUNE 2024 TRU Mrs L R Rogers Retired Watton Lane Bridport Mr J Plenderteith Retired Colllngbourne Ducls Mr D Paterson Retlred Foxglove Cottage Collingbgurne Ducls The above Trustees acted throughout the year. OBJECTS The oblerts of the Trust are to operate the"CollSngboume Dutls Communlty Centre" wlthln the terms of the Trust Deed dated 12th March 1983 and section 46 of the Charltles Act 1960 for the beneflt of the Inhabltsnts of the parish of Colllngbourne Ducls for meetlngs, lertures, classes, recreatlon and leisure, to improve the condltlon of Ilfe of such Inhabltsnts POLICIES Grants: The Trust does not make 8rants but at Its dlscretlon supports local or8an15atlons uslng the Hall withln the the splrlt of Its objects. Rlsk: The Trustees regularly assess the rlsks that the charlty Is exp05ed to and take approprlate attlon to mlnSmlse and manage such rlsks. Investment$: £25.000 Is Invested In a three year flxed term Scottlsh Wldows Deposlt Actount Reserves: The pollry Is to retaln free reserves equlvalent to at least slx months, runnlng costs. Allowing for the £25,000 loan Ilablllty thls level of free reseNe was comfortably achieved by the year end. ACTIVITIES AND GENERAL COMMENT Colllngbourne Ducls Village Hall contlnues to flourlsh. Ourthree year Development plan stlll Includes a storage extenslon. We ore also seeklng to re- desl8n our sports Changing area to better fit its expanding use by female and youth members. We have lost a couple of re8ular hlrers, It Is often mor• difficult to attract villagers to evenln8 activities. We contlnue to seek grant fundin& our 40 year loan will be finally re-paid in 2024. For and on behall of the Trustees J Plenderlelth, thalrman Collingbourne DucSs Willage Hall DATE.. 1611012024 COWNGBOURNE DUCIS VILLAGE HALL TRusr STATEMENT OF FINANOAL ACTIVITIES FOR THE YEAR TO 30TH JUNE 2024 INCOME AND EXPENDITURE Unrestrirtd General Unrestrlrtd Re5trlcted Total 23124 Total 2V23 DÈsl8nated INCOME Grants. donatlons & legacies Attivities In furtherance of charsty's objertives Hall Lettings Artivities for raising funds (draw grossl Investment income. interest recelvable Other Fund Ralsing 1.041 1,041 525 24,464 3,135 2,385 133 31,159 24,464 3,135 2,385 133 31.159 25,698 30.058 EXPENDITURE Costs In furtherance of charlty's oblectlves Insuran Water supply & sewage. Waste collection. epalrs, maintenance, servlcin8 contracts, decs Malor improvements and equipment Telephone Energy.. Electrlclty & heatlng oil Cleanin8 Licensin& WVHA membership AdvertlslnyJfralnlnglDonation Oepreciatlon Communlty Café setup 1,219 1.219 1.gJ8 1.589 1,174 2,114 3,868 6,6CM) 404 1.589 292 5,359 4,678 292 5,359 4,678 5,853 140 11 48 2.022 831 1022 70 17.228 2,022 70 17.228 29.914 Mngt. & admln. ofthe tharlty. Ilnance costs Costs In generatln8 funds Interest PWB Slnklngfund 1.329 2,656 1.329 2,656 1,080 2,656 3.985 3,985 3.736 Total Resources expended 2L213 21,213 3a.650 Net Incomlngl{out8olng) resources 9,946 9.946 -3,592 Galns (losses) on Investments Unreali5ed gain (Standard Life share value) Realised gain IPBS interest maturity) Totsl galn or1055 -227 -227 191 .227 .227 191 Net Movement In Funds 9.719 9,719 Balance l Juty 2023 43,108 l.DJ6 66,998 112383 Balante 30June 2024 S2,827 1.006 66.998 121102 Ithe notes on pages 5 and 6 fomi part of these aceovntsl COLUNGBOURNE Duas ￿LLAGE HALL TRusr BALANCE SHEET AS AT 30TH JUNE 2024 N¢t• 2024 2021 Flxed Assets T8n8lble Assets Investments (Standard Ufe Shares) 86.057 490 86.547 88,079 717 88.796 Current ￿sets Debtors & prepaymet Cash & Bank Balances 82,562 82.562 70,595 70.595 Current Llabllltl•s Credltors sums fallin8 due withlTr l yr Credltors arbd Accruals- 3 mnths Interest Ilable IPWI Board) 664 664 664 Net Current Assets 8L898 69,931 Credltors Amounts fallln8 due after more than one year BALANCE IFIMed •M•ts plus net currènt oss•ts mlnus N¥b]l￿1*>I 143A45 133 727 Funds R¢strlcted.. Hall Capltal Fund Tennls Court Fund Grants 27,385 27.385 Unr•strlrt•d: Dèsl8nated repalr and malntenance fund Desl8nated bulldln8 loan repayment fund Grants/Donatlons General Fund 25,OCX) S25 25,OCK) 525 74,817 133.727 143,445 (halrma J.PLENDERLEITh Hon Treasumr D.aiMMINGS (the notes on pa8es 5 and 6 fom) part of these accounts) LUN RNE as WLLAGE HALL TR MOTES TO THE ACCOUNT5 l. Accounting PollcSes 111 The Trustees are reauired by law to keeD proper books of account relatln8 to the Trust and prepare consecutive statements of account. In preparing these accounts they are required to select approprtate accountln8 pollcles and apply thern consistently, to followthe Charity Q)mmisslon and accourlting profession's recommendations wlth regard to form and content and to prepare the accounts on a 8oin8 concèrn basis if that is approprlate and in accordance with the SOPP Accountlng and Reportlng by Char￿leS Issued by the Accountin8 Standards Board. 1111 The accounts are prepared under the hlstorlcal cosr convèntlon wlth the exceptlon of the assurance oollcy held at Surrender value. Iiiil The accounts refleet the transartlons of the Colllngbourne Duc15 Vllla8e Hall Trust establlshed In March 1983 as a reg15tered charltyto operate the village hall also known as the"Collingbourne Ducls Communlty Centre-. On 12th March 1991 by order of the Chadty Commlssloners the land and bulldln85 of the Trust were vested In the Offlclal custodlan for Charrtles to be held In trust for the charlty. Ilvl Flxed Assets are Shown at cost and depreclated over thèlr expetted useful Ilves by equal annual Instalrnents wlth the exceptlon of the freehold land whl¢h Is shown at cost. 2 Restritted Incorne 3. Actlvltlos for 8•n•ratln8 funds The monthly Draw contlnues wlth a membereshlp of 250 The srnall lottery licen￿ Is renewed In December at a cost of £20 2024 Surplus 2023 Surplus 1479 4. Interest rec•lvabl• Slnce Aprll 2017 £25,000 is Snvested In a Deposlt Scottlsh Wldows a¢¢ount to re pay PW8 Loan In 2024 4.25% interest Is Pawdble annuallv 5. T#Aglble Assets and Depreclatlon Freehold Freehold Tennls Furnlture & Total Balance l July 23 Addltlonal bulldln8 works Balance before dèpreclatloft Less Depreclatlon Net 8ook Value 30 lune 24 Orlglnal value fe for depn purposes 5.000 83.078 88.079 83,078 2,022 81,056 101,119 50 years 88,079 2,024 86,057 12,718 10 years 16.100 10 years l• Lonoterni loan. slnkln8 fundtr galns on Investments The Trust has a fixed lon8 term unsecured £25,OQKI loan from the the Pub15c Works Loans Board, at flxed 10.625 p.a.% Interest. It1$ repayable In full on 30th September 2024. The Trust ha5 329 Standard Llfe Aberdenn shares from demutuallsatlon of Standard Llfe,. val¢Je 30th June 2024 £490.1301612023- £7171 The rnovement In the or0du￿d an un￿alISed loss of £227. El.49 a share atjune 30th.2024 2024 2023 Std Llfe share prl¢e 30th lune 490 717 7. Bank Balances 2024 2023 Lloyds Bank as at 30th June kottlsh Wldows 57.187 25.375 82,562 45.220 25,375 70.595 Total Insurance Insuran￿ Is now oald monthB' £102.32 per month. From May 1st 2024 It15 £97.sr REPO F THE INDEP DENT EXAMINEA Respectlve Rèsponslbllltlt5 of Truste•s and Examln•r As CharltyTrustèes you are responslble for the preparatlon of the accounts,. you conslder that the audlt requlremènts of settion 43121 of the Charltles Att 1993 Ithe Actl does not applv. It Is my responsSbllltyto state, on the ba51s of procedures speclfied In the General Dlrettion5 glven bythe Charfty Commlssloners under sectlon 43171 b of the Art, whether partlcular matters have come to my attentlon Baslsof the Independent Examlnee$ Report My examlnatlon was Vdrrled out In accordance wlth the General Dlrertlons glven bythe Charlty Comm1551oner5. An examlnatSon InclLsdes a revlew of the accountln8 records kept by the charlty and a comparlson of the accounts presented wlth those records. It also Includes conslderat5on of any unusual Items or dlsclosures in the accounts, and seeking explanatlons frorn you as trustees concernlng stsch matters. The procedure5 ndertaken do not provlde 311 the evldence that wou5d be regulred In an audlt and consequently I do not express an audlt oplnlon on the ￿eW glven by the accounts. Independent Ex•mlneYs Stattrnent In connectlon wlth my examlnatlon Qf the accounts of the Collln8bourne Duc15 Wllage Hall Trust for the yearto 30th June 2023 no matter has come to my attentlon. 111 whlch glves Me reasonable cause to believe that In any materlal respect tht requlrements to keep accountln8 records In accordance wlth sectlon 4101 the Act; and to prepare accounts whlch a¢¢ord wlth the accountln6 records and comply wlth the accountlns requlrements of the A¢t have not been met,. or 1111 to whlch in my oplnlon. attentlortr should be drawn In orderto enable a proper understandlng of the accounts bé reached. Emrna Scott Indeoendent Examlner Ascot House Wllsfor¢l Pewsey Wllts SN9 6HB 4-.