REGISTERED CHARITY NUMBER: 294627
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 December 2022
for
North Newton Village Hall
Somerset Accountancy Services Ltd 22 Wessex Park Bancombe Business Estate Somerton Somerset TA11 6SB
North Newton Village Hall
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
North Newton Village Hall
Report of the Trustees for the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main objective of the charity is to provide a village hall for the use of the inhabitants of the parish of North Petherton (North Newton), in the county of Somerset without distinction of political, religious or other opinions, including use for meetings, lectures and classes for other forms of recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust dated 2 June 1983, and constitutes an unincorporated charity.
Organisational structure
The village hall is run by a committee of non trustees and the treasurer is Mr Norman Habberfield.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
294627
Principal address
Bankland Farm North Newton Bridgwater Somerset TA7 0DJ
Trustees
Mr A S E Bradford Mr B Sellick Mr R Day Mr J M Barham
Independent Examiner
Somerset Accountancy Services Ltd 22 Wessex Park Bancombe Business Estate Somerton Somerset TA11 6SB
Approved by order of the board of trustees on 25 March 2023 and signed on its behalf by:
Mr B Sellick - Trustee
Page 1
Independent Examiner's Report to the Trustees of North Newton Village Hall
Independent examiner's report to the trustees of North Newton Village Hall
I report to the charity trustees on my examination of the accounts of North Newton Village Hall (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Bruce Evans FCA Somerset Accountancy Services Ltd 22 Wessex Park Bancombe Business Estate Somerton Somerset TA11 6SB
25 March 2023
Page 2
North Newton Village Hall
Statement of Financial Activities
for the Year Ended 31 December 2022
| 31.12.22 | 31.12.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 50 | 26,672 | 26,722 | - | ||
| Other trading activities | 2 | 19,645 | - | 19,645 | 6,705 | |
| Investment income | 3 | 5,003 | - | 5,003 | 1,630 | |
| Total | 24,698 | 26,672 | 51,370 | 8,335 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 4 | 21,070 | - | 21,070 | 8,198 | |
| Other | 552 | - | 552 | - | ||
| Total | 21,622 | - | 21,622 | 8,198 | ||
| NET INCOME | 3,076 | 26,672 | 29,748 | 137 | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 25,556 | - | 25,556 | 25,419 | ||
| TOTAL FUNDS CARRIED FORWARD | 28,632 | 26,672 | 55,304 | 25,556 |
The notes form part of these financial statements
Page 3
North Newton Village Hall
Balance Sheet
31 December 2022
| 31.12.22 | 31.12.21 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 7 | - | - | - | - | |
| CURRENT ASSETS | ||||||
| Stocks | 8 | 1,030 | - | 1,030 | 500 | |
| Cash at bank and in hand | 27,602 | 26,672 | 54,274 | 25,056 | ||
| 28,632 | 26,672 | 55,304 | 25,556 | |||
| NET CURRENT ASSETS | 28,632 | 26,672 | 55,304 | 25,556 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 28,632 | 26,672 | 55,304 | 25,556 | ||
| NET ASSETS | 28,632 | 26,672 | 55,304 | 25,556 | ||
| FUNDS | 9 | |||||
| Unrestricted funds | 28,632 | 25,556 | ||||
| Restricted funds | 26,672 | - | ||||
| TOTAL FUNDS | 55,304 | 25,556 |
The financial statements were approved by the Board of Trustees and authorised for issue on 25 March 2023 and were signed on its behalf by:
Mr B Sellick - Trustee
The notes form part of these financial statements
Page 4
North Newton Village Hall
Notes to the Financial Statements for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Fundraising events | 2,197 | - |
| Bar takings | 12,737 | 3,233 |
| Whist | - | 140 |
| Pre School | 4,669 | 3,290 |
| Western Power & BT | 42 | 42 |
| 19,645 | 6,705 |
Page 5
continued...
North Newton Village Hall
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Hall hire | 5,003 | 1,630 |
| RAISING FUNDS | ||
| Investment management costs | ||
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Trade waste and cleaning | 2,529 | 2,070 |
| Property repairs | 5,831 | 768 |
| Capital expenditure | - | 590 |
| Fundraising costs | 1,591 | 70 |
| Card machine | - | 19 |
| Subscriptions | 100 | 100 |
| 10,051 | 3,617 |
4. RAISING FUNDS
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Other trading activities 6,705 - Investment income 1,630 - Total 8,335 - EXPENDITURE ON Raising funds 8,198 - NET INCOME 137 - RECONCILIATION OF FUNDS Total funds brought forward 25,419 - |
Total funds £ 6,705 1,630 |
|---|---|
| 8,335 | |
| 8,198 | |
| 137 25,419 |
Page 6
continued...
North Newton Village Hall
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | |
|---|---|
| Unrestricted Restricted fund funds £ £ TOTAL FUNDS CARRIED FORWARD 25,556 - |
Total funds £ |
| 25,556 |
7. TANGIBLE FIXED ASSETS
The village hall property is held in trust for the village. It is not shown on the balance sheet but has an insurance value of £500,000.
8. STOCKS
| STOCKS | |||
|---|---|---|---|
| 31.12.22 | 31.12.21 | ||
| £ | £ | ||
| Stocks | 1,030 | 500 | |
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1.1.22 | in funds | 31.12.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 25,556 | 3,076 | 28,632 |
| Restricted funds | |||
| New Toilets | - | 26,672 | 26,672 |
| TOTAL FUNDS | 25,556 | 29,748 | 55,304 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 24,698 | (21,622) | 3,076 |
| Restricted funds | |||
| New Toilets | 26,672 | - | 26,672 |
| TOTAL FUNDS | 51,370 | (21,622) | 29,748 |
9. MOVEMENT IN FUNDS
continued...
Page 7
North Newton Village Hall
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
9. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net | ||
|---|---|---|
| movement | At | |
| At 1.1.21 | in funds | 31.12.21 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 25,419 |
137 | 25,556 |
| TOTAL FUNDS 25,419 |
137 | 25,556 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 8,335 |
(8,198) | 137 |
| TOTAL FUNDS 8,335 |
(8,198) | 137 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.1.21 | in funds | 31.12.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 25,419 | 3,213 | 28,632 | |
| Restricted funds | ||||
| New Toilets | - | 26,672 | 26,672 | |
| TOTAL FUNDS | 25,419 | 29,885 | 55,304 |
continued...
Page 8
North Newton Village Hall
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 33,033 | (29,820) | 3,213 |
| Restricted funds | |||
| New Toilets | 26,672 | - | 26,672 |
| TOTAL FUNDS | 59,705 | (29,820) | 29,885 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
Page 9
North Newton Village Hall
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 50 | - |
| Grants | 26,672 | - |
| 26,722 | - | |
| Other trading activities | ||
| Fundraising events | 2,197 | - |
| Bar takings | 12,737 | 3,233 |
| Whist | - | 140 |
| Pre School | 4,669 | 3,290 |
| Western Power & BT | 42 | 42 |
| 19,645 | 6,705 | |
| Investment income | ||
| Hall hire | 5,003 | 1,630 |
| Total incoming resources | 51,370 | 8,335 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Rates and water | 351 | 326 |
| Insurance | 962 | 903 |
| Light and heat | 4,399 | 1,193 |
| Telephone | 276 | 276 |
| Sundries | 103 | - |
| 6,091 | 2,698 | |
| Other trading activities | ||
| Opening stock | 500 | 200 |
| Purchases | 5,326 | 1,818 |
| Licensing | 132 | 365 |
| Closing stock | (1,030) | (500) |
| 4,928 | 1,883 | |
| Investment management costs | ||
| Trade waste and cleaning | 2,529 | 2,070 |
| Property repairs | 5,831 | 768 |
| Capital expenditure | - | 590 |
| Carried forward | 8,360 | 3,428 |
This page does not form part of the statutory financial statements
Page 10
North Newton Village Hall
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| Investment management costs | ||
| Brought forward | 8,360 | 3,428 |
| Fundraising costs | 1,591 | 70 |
| Card machine | - | 19 |
| Subscriptions | 100 | 100 |
| 10,051 | 3,617 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 552 | - |
| Total resources expended | 21,622 | 8,198 |
| Net income | 29,748 | 137 |
This page does not form part of the statutory financial statements
Page 11