Charlty number: 292505 WYMONDHAM CENTRAL HALL UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 WYMONDHAM CENTRAL HALL CONTENTS Page Refgr•nce and Admln18tratlve Detslls ol the Charlty, 115 Trustep6 Advlsers Tru5tèes' Report Independent Examlner'8 R&port Statomonl of Flnanolal Actlvllles B#lancg Sheet Notss to the Financial Statements 7-17 WYMONDHAM CENTRAL HALL REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 Trusteès C M Buckton S G Crovrther J Dollimore, Chair H Grallan (rèsignèd 23 Septembor 20241 R Kernan R Semmence G Val8 Charlty registered number 292505 Prin¢lpal offlce Back Lane Wymondham Norfolk NR18 OQB Accountants W Audit Ltd Chartered Accounlanls 8prry & Warren 54 Thorpe Road NDN(ch NRI 1RY Page 1 VJYMONDHAM CENTRAL HALL TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report together wilh ihe financial statements of tÈig Charity lor th8 year l April 2024 to 31 March 2025. Objecllves and actlvltles a. Pollcles ond obJgctlv$$ The charity's objects are contained in the TDJSt Deed dated 8 May 1964 Iparagraph 1). slating ' The Trustees shall hold the property li.B. the present car park now contalnlng the Central Hall) upon trust to erect thereon a bulldlng lo be used for th8 purpose of a communlty cenlre foT the us8 of th8 Inhabitsnts of Wymondham the county of Norfolk and the n8ighbourhood.- Wilhoul disllnclion of sex or polillc&l, rellgious or other opinion and in particular for ijse of meetings, 18Glures, classes and for all other forms of recreation and leisvre-lime orGupalion with the oblecl of improving the conditions of Ilfe for thè said inhabllants," In setting oblectlves and plannlng for activities. the Trustees have glven due consldeiatlon to general guidance published by the Charlty Commlsslon relating to public ben$fit. induding th8 guidance 'Publlc benefit.. running a ¢hgrity IPB2)'. Achievements and perfoYman¢g a. As6ets The fr8ehold prDperty consists of the Central Hall, which is ulilised as the Community cenlre, together with the surrounding area of approximately 0.9 acre, whlch Is In use as a car park. Thè car park is ¢LJrrènlly providing the Chariws main regular source of income. Flnan¢lal revhw . R8sorvos pollcy The Trustees policy lo m8el th8 needs of its tDJst Is to malnl&Sn unreslrlcled funds al a level whlch equates to approxlmalely 12 months runnlng expense8 of the h811 premises (excluding major repairs and improvements) and other costs which could 8rise on the closing of the hall for whatever rèason and 8ddilionally fLÈnds designoted for the upkeeplirnprovemenl of both Ihe hall and car park. The Chariws free reserves of -£8,584 (2024.. _£48,29TJ is slated after a bank k)an due after more than one year of £46,855 (2024 - £96,242). After taking into conslderallon future revenue streams, the nel Current assets of £38.271 12024 . £47.945) are enough lo mean that the charlty has SLrfficl8nt r8serves to cover 12 months operating expenditure. The C8ntr81 Hall Trustees are empowered to Invest such monSes as are not r8qulred for working pvrposes and to designale such sums as capital. b. Golng concern After making appropriale enquiries, the Trustees hav? a reasonable èxpectation that the Charity has adequale resources lo continue in operational èxislen¢a for Ihe for8s8eable future. For Ihis reason. they continue lo adopt the going concern basis in preparing the financial statements. Furthor delails regarding thts adoption of the going concern basis can be found In the accounting policies. Page 2 VYMONDHAM CENTRAL HALL TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Structurey governance and managemgnt Con$tltution Wymondham Central Hall Is a reglsleTed charity. number 292505, and Is controlled by ils goveming document, deed of trust and constitutes an unlhcorporaled charity. b. Mothods ol appolntment or election of Trusteos The managemenl of Ihe cha￿tY is the re8ponslbillty of the Trustees who are elected and Co-opted under the lem)s of thè Trust deed. Statement irf Trustees. responslbilities The TwsteES are respanslble for preparlng the Trustees. Report and the financial stsl@m8nis In acBOTd8nC8 Wth applicable law and UnilBd Kingdom AccoL¢nti￿ StandaTds Iunitsd Kingdom Generally A¢c¢pted Accounting Practice). The law appllGable to charilies in England & Wales require8 the Trustees to prepare financial statements for each financlal year which glve 8 true and falr view of the state of affalrs of the Charfty and of Its In￿MIng resources and appllcallon of resources. including Ils Income and expendllure. for that period. In pr&paYing these finan¢ial glalemenls, the Trustees are required io.. select suitable ¥ccountlng pollcles and then ap￿Y them conslstenuy,, observe the methods and prlnGiples of the Charilies SORP IFRS 1021-, make judgm8nls and accounting eslimales that are reasonablB and prudent., state whether applicable UK Accounting Standards IFRS 1021 have been followed, subject lo any material departures dlsclosed and explained in the financial statements., prepare the financial statements on the going concem basis unless it is inappropriala lo presLvne Ihal th Charity will continue in business. Thè Trustees are responsible for keeping adaquale accounting reoords that are sufficient to show and explain Iho Charity's transactions and disclose with reasonable acaura¢y at any lime th2 financial PDSltion of the Charity and enable them to ensure Ihat the financial Ststements comply with the Charllies Act 2011. the Charity (Accounts and Reports) Regulatlons 2008 and the provisions of the TiLESt deed. They are also responslbSe for safeguardlng the assets of th& Ch8rity and hence for laklng reasonable steps for the preventlon and detection of fraud and other irregularities. Approved, rd8r of the members of the b()ard of Trustees 8nd slgned on their behalf by.. ' J./Dollimore trustee Dale= P8g8 3 WIMONDHAM CENTRAL HALL INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 Independent Examiner's Report to thé Trustèe8 of Wymondham Central Hall I'th8 Charlty.) I report to the chaTity Trustees on my examination of the accounts of the Charity for the year erKled 31 March 2025. Rgsp¢nslbllltlos and Ba51s of Rgport As the Trust888 of the Charlty you are responsible for the preparation of the account8 in accordance with the requirements of the ChaTilies Act 2011 ('Ihe 2011 AeVI. I repDrt In resppct of my examlnation of the Ch8rlVs accounts c8rAed out under sectlon 145 of th8 2011 Act and In carrying out my examiiialion I have followed the appllcable Direcllons glven by the Charity Commission Ltnder section 145I5llbl of the 2011 Act. Indepondont ExamIng￿S Statemont I have completed my examination. I confirm that no matters have come to my atlenlion in Gonne¢lion with the examlnatlon ylvlng m8 c8use to bebev8 Ih8t In 8ny materi81 r8sp8Ct'. accounting reoords were nol kept in resp8GI of th8 Charity as requiT8d by section 130 of the 2011 Ad,. Dr the accounts do not accord wlh those records,. or the accounts do not comply wllh th8 applicable rgqulr8m8nts conceming the form and cont8nt of accounts set out in the ChaTllles (Accounts and Reports) Regulations 2008 other than any requlrement that the accounls glve a 'tru8 and falv view which is not a matter cOn￿dered as part of an independent examination. I have no ¢oncem$ and have come across no olher matters in connectton wilh the examination to which attention should be drawn In thSs report In ordèr to enable a proper underslandlng (rf the accounts lo be r88ched. This report 18 made solely to the Chariws Trusl8e$, as a body, accordanc8 with Part 4 01 the Charities (Accounts and RepDrtsl Regulations 2008. My work has been undèrtaken so that I might slate lo the Charflls Trustees those matters l am required to state to them in an Independent Examiner's Report and for no oiher purpose. To the fullest extent permitied by law, I do not accept or assume responsibility lo anyon8 Other than the Charity and the Charitls Twstees as a body. for my work or for this report. Signed- Dated.. li Joanne Fox BA FCA BW Audlt Ltd Chartered Accountsnt$ Nomich Page 4 WYMONDHAM CENTRAL HALL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted fuTrd5 2025 Total fund5 2025 Total funds 2024 Not• Income from: Charltsble actlvltles Olher trading aclivitieg InvestThent8 Other inGome 40,883 62,338 1,144 1,173 40,B83 62,338 1,144 1,173 35,218 57,773 1,116 1,543 Total Income 105.538 105.538 95,650 Expenditure on: Charilabl8 activities 67.512 67.512 54,966 Total expendlture 67,512 67,512 54,966 Net movement In funds 38.026 38,026 40,684 Reconclllatlon of funds: Total funds brought fOn￿ard Net movement in funds 1,375.581 38,026 1.375.S81 38,026 1,334,897 40,684 Total funds earrlod foThvard 1,413.607 1.413.607 1,375,58t The Statement of Flnanclal Actlvities Includes all galns and losses recognised in the year. The notes on pages 7 to 17 form part of these financial slalemenls. Pagg 5 WYMONDHAM CENTRAL HALL BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note Flxed astsats Tangible as88t8 1,422,191 t,423,878 1,422,191 t,423,878 Current asset8 Debtors Cash al bank and In hand 12 10,083 86,543 g, Igo 90,220 96,626 99.410 Creditors- amounts falling due within ontt year 158,3551 (51,465) Net current assets 38,271 4T,945 Total as$&ts less current Ilabllitles 1,460,462 1.471,823 CrediloTs'. amounts falling due afteT more than one year 14 {46.8551 ' (96,242) Total net assets 1.413.607 1,375,581 Charlty funds Reslri¢t8d funds Unrestrlcted funds 15 15 1,413.607 1,375,58t Total funds 1,413,607 1.375.58t Th& fina cial 8lal&menls were approved and authorised for issue by th8 Trustees 8nd signed on their behatf by,. J Dolllmo T¥ustea Date- ' fyA7o2 J- The notes on pages 7 10 17 form part Df these fln8nci81 stalemenls. Page 6 WYMONDHAM CENTRAL HALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 General infonnatlon W￿rnandha￿ Cenlral Hall 18 a Charity reglstered in England and Wales, charty no. 292505 The main aclivili6s of the Charity incl%Jde the hiring oul of a hall for the use of the people of Wymondham and the surroundlng aTe8, and Income from th8 8ssocl818d car park. Accounting policies 2.1 Ba51s of preparatlon of flnanclal ststements The flnancSal 8lal6menl8 hav6 been prepared Sn accordance wilh tha Charllies SORP IFRS 1021 Accounting and Reportlng by Charltles: Stalomènt of Recommended Praclce appllcable to charllles preparlng Iheir accounts in accordance with the Financial Reporting Standard applicab18 in the UK 8nd Republic of Ireland IFRS 1021 leffeclFve 1 January 2019), the Flnancial Reporling Standard applicabl& in the UK and Republic of Ireland IFRS 102) and the Charilias Act 2011. The financial slal8men18 have been prepared to give a 'lrLE8 and fairf view and hav8 departed from ltte Charilies.IAccounts and Reports) Regulations 2008 only to Ihe extent required lo provide a 'lrue and falr, vlew. Thls departure has Snvolved followlng the Charlll&s SORP IFRS 1021 publlshed in October 2019 ralh8r than the Accounting and Reporting by Charities- Statement of Recomm8nde¢J PracliG8 8ffeGlive from 1 April 2005 which has since been wilhdrawn. Wwmondham Cèntral HBII meets the definition of a public benefit entity under FRS 102. Assels and liabilitles are inlually recDgnlsed al hlstorlcal cost or lyansacllon value unless olheNlse stated In the rel8vanl acc(wnllnu policy. 2.2 Income All income is recognised On￿ Ihe Charity has entillemenl to the incom8, il 1$ probable that the Income wlll be received and the amount of Income rec81vable can be measured rellably. Qlher Income Is rtr¢ognlsed In the period in whi¢h 51 is ￿CeIVabl* and to the extent thè gtspds have been provided or on Completion of the seNlce. 2.3 Expendltur• Expenditure is recognised on an aGGruals basis once there is a legal or ¢onslruclive obligalion lo transfer economi¢ benefit lo a third paty, il is probable that a transfer of economic b&nefits will be required in settlement and Ihe amounl of the obligation con be measured reliably. Expenditure is classified by actlvily. The costs of each acllvity ar& made up of the tol81 of dlrecl costs and support Costs involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly to that aGtlvlty. Support costs whlch aro not attilbutable to a 51ngle acllvlty are apportloned between those activities on a basls consistent the use of resources. Expenditure on charitable activities is incLJrred on directly und*aking the activities which further the Charitls objocllves, as well as any as80¢18le¢J support Costs. All expenditure Is Incluslve ol Irr8coverable VAT. Page 7 WYMONDHAM CENTRAL HALL NOTES TO THE FINANCtAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ae¢ounting polieles Icontlnugdl 2.4 Interest recelvable Interest on funds held on deposit is includots wh8n recelvable and the amount can be measured reliably by Ihe Charily,. this is normally upon notification ol the in18rest paid or payable by thè institulion with whom the funds are deposited. 2.5 Tanglble fixèd assèts and dèprèelatlon Tangible fixed assets are initially recognised al cost. After recognition, under the revaluation model, freehold prop8rty, whose falr value can b8 measured reliably, shall be carried at a revalued amount, being their fair value al the dale of revaluation less any subsequent aceumulaled deprocialion and subsequent aC￿mUlated impaimenl lossés. Revaluallons are m8de ￿th sufflclent regularlty to ensure that the carrying amount doès not dlffer materially from that which would be determined using fair value al th8 end of the reporting dale. Fair values are determined from maTkel-based evidenco by appraisal that Is nomial￿ undertaken by professionally qualified valuers. Galns and losses on r8valu8Jon are recognlsed In'the Statement of Flnanclal Activities. ￿th separate revaluation reserv¢ belng shown in the Statement of funds note. Depreclation Is charged so as to allocate tho cost of tangible fixed assets less Iheir residual value over their e8timated useful live8. DepreclallDn Is provlded Dn the followlng basls: Fixtures and fittings offi￿ equipment 25% Reduclng balance 25°/0 Reducing balance Depreclatlon 16 not provlded on th8 freehold property as the prop8ty Is b81ng m8intsin&d and the valuation is considered lo be appropriate. 2.6 Dobtors Olher debtors are re¢ognlsed at thg $91118ment amouhl. Pr8p8ym8hts arts valued 8t the amount pr8pald net of any trade dlscounts due. 2.7 Cash at bank and In hand Cash at bank and In hand Includes cash and 8hort-tenn highly liquid investments with a short malurlly of threg months or le$s trom the date of acqulslilon or opertlng of the depos￿ or slmllar account. 2.8 Llabllltles and provislons Liabilities ar2 recognised when IhBre is an obligation at the 88lance She81 dat8 as a result of a past event, il is probablB that a Iransfai of economic benefit will be required in selllemenl, and the amount of the settlement can be estlmated reliably. Liabilities are recognised 8t the amount that the Charity 8nlSclpales il will pay lo settle thè dèbt or the amount il has received as advancèd payments for the goods or services it musl provide. Page 8 VIYMONDHAM CENTRAL HALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YE•Vi ENDED 31 MARCH 2025 Aeeountlng pollcle8 Icontlnuedl 2.9 Flnanclal Instruments The Charlly only has flnanclal asse15 and financlal Ilabilltles of a kind thal qualify as b851c flnancial instruments. 8asic financigl instruments ar6 initially recognised al Irans8cllon valuè 8nd subsequently measured al Ihelr settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest melhocl. 2.10 Fund aGcountlng General funds are unreslricted funds which are avallable for usg al the dSscrellon of the Trustees in furtherance of Ihe general objectives of the Charity and which have not been designaled foi other purposes. Investment income, galns and losses are allDcaled to the apprgpitate fund. Income from charltable activities Unrestrfcted lund$ 2025 Total funds 2D25 rot81 funds 2024 H811 Hlr& 40,B83 40,883 35,218 Page 9 WYMONDHAM CENTRAL HALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 In¢om• from other trading actlvltle¥ Unrestrfcted funds 2025 Tot81 funds 2025 Total funds 2024 Car park 62.338 62.338 57,773 C8r park income includes an element which is andllary lo the provision of the hall hirè. Investment Incomp Unrestricted funds 2025 Total funds 2025 Tol81 funds 2024 Interest ReGelvable 1,144 1,144 1,116 other Incomlng r8source5 Uniostrlctgd funds 2025 Total funds 2025 rDlal funds 2024 Electric4ty Rebate 1.173 1,173 1.543 Page 10 WYMONDHAM CENTRAL HALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR EMDED 31 MARCH 2025 Analy$l$ of expendlture by activities Activit undprtoken dlrectly 2025 Support costs 2Q25 Total funds 2025 Chari18ble activities 47,360 20,152 67,512 AclivitiBs undertaken dlrgcIIy 2024 Support costs 2024 Totsl funds 2024 Charllable activities 41,799 13, 167 64,966 Analysls of dlrect ¢o$ts Total funds 2025 Total f￿?dS 2024 Actlvltles 2025 Stsff Costs Llcensing Light and heat Ral8s and water Insurance Repairs and renewals 21,993 985 7,874 4,481 1,484 10.543 21,993 985 20, 784 3,115 6, 135 4,839 1,423 4.909 7,874 4,481 1,484 10,543 47.360 47.360 41,799 Pag¢ 11 WYMONDHAM CENTRAL HALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Analysls of èxpendltur8 by activities Icontlnued) Analysls of support costs Totsl funds 2025 Totel funds 2024 Actlvltles 2025 Depreciatio Telephone and inlemet Sundry expenses ortgage interest 8nd charges Accountancy Profltitoss on disposal of fixed assets W8bslt8 costs 2,313 978 24 2.313 978 24 1, 773 986 293 6,362 1,643 6.362 1,643 8.606 1,495 8,832 8,832 20,152 20,152 13,167 Indgpgndent 8xamlnDrfs remuner¥tlon 2025 2024 Fees payable to the Charilrfs independent examlner for the Independent examlnallon of the Chaws annual accounts 1,092 1,040 Page12 WYMONDHAM CENTRAL HALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Staff costs 2025 2024 Wages and 8alaries 21,993 20,764 21,993 20, 784 Tho average numbar of per8on$ employed by the Charlty durlng th& year was as follows.. 2025 No. 2024 No. Average number of employees No èmployee rec8iv$d r8muneratlon amounting to more than £60,000 In eilher year. 10. Trustges. r¢muneratlon and oxpgnses During the year, no Trustees received any r￿n￿neratIOn or other ben?fils (2024- £NIL). During the year ended 31 Mareh 2Q25. no TrLEslee expense8 have been inoJrre(1 (2024- £NIL). Page 13 WYMONDHAM CENTRAL 14ALL NOTES TO THE FINANCtAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 11. Tanglble fixed as$ets Freehold Flxtures and property flttlngs Offlce equlpment Tolal Cost or valuatlon Al 1 April 2024 AddIti￿S 1,415,000 18,603 626 1,372 1,434,975 626 At 31 March 2025 1,415,000 19,229 1.372 1,435,601 Depreclatlon At 1 April 2024 Chargo for the year 10,068 2,228 1,029 BS 11.097 2,313 At 31 M8rch 2025 12,296 1,114 13.410 Net book valu9 Al 31 March 2025 1.415,000 933 258 1,422,191 At 31 March 2024 1,415.000 8,535 343 1.423,878 The property was revalued by Boullon & Brown Chartered SuNeyoTS al 31st May 2018. The TTusleB8 consider this lo not be mat&rlally different from the fair value at 31 Marth 2026. Page 14 WYMONDHAM CENTRAL HALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 12. Debtors 2025 2024 Due withln One year Other debtors Prepayments and accrued Income 9,262 821 7,034 2, 156 10.083 9,190 13. CredltOTS- Amounts falling due wlthin one year 2025 2024 Bank loans Other taxalion and Social s&curily Other creditors Accruals an¢J deferred income 49,387 5,530 1,355 2.083 44,457 4,353 160 2,495 58.355 51,465 The bank loan is secured over the Fre8hold Pmperty. Page 15 WYMONDHAM CENTRAL HALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14. Creditor$: Amounts falllng due after moro than one year 2025 2024 Bank loans 46,855 96.242 The bank108n Is secured over the F￿ehOld Property. IS. Statement of funds Statemeht of funds- cuitent year Balance at 31 Mar¢h 2025 Balanct at 1 Aprll 2024 Income Expendlture Unrestrlctpd engral Funds- all funds 1,375,581 105,53a (67,512) 1,413,607 Stglomgnt of funds - prloy ygar Balance al 31 March 2024 Balance al l April 2023 Income Expendilu Unrestrlcted funds General Funds 1,334,897 95,650 (54,966J 1,375.581 Page 16 WYMONDHAM CENTRAL HALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 16. Analysls of nat assets between funds Analy51s of net a55ets between funds - current year Unrgstrfcted funds 2025 Total funds 2025 Tanglble flxed assets Current assets Cr9ditors due within ¢￿e year Creditors due mor8 than one year 1,422,191 96,626 158,355) 146,855) 1,422,191 96,626 {58,3551 {46,8551 Total 1,413,607 1,413,607 Analysls of not assets bptW?eh fuhds - prlor year UnreslrKtsd funds 2024 Total funds 2024 Tanuible fixed èssel$ Current assets Creditors due Mfjthin one year Cr&Jitors du8 in mor8 than one year 1,423.878 99,410 (51,465) (96,242) 1,423,878 99,410 (51.465) f96,242) Total 1,375,581 1,375,581 17. Related party transactions The Charity has not entered into any related party tr2nsaction during the year. nor are there any outstanding balances owing bett￿een related parties and the Charity al 31 March 2025. Page17