REGISTERED CHARITY NUMBER: 294627 rt of the Trustees and Unaudited Finaneial StateTh¢nts for the Yekr Ended 31 December 2023 ror Somerset AccouTrtan¢y Services Ltd 22 Wessex Park Bancombe Business Estate Somcrton Sornerset TAI 16SB
Vill Hall Contents of the Financial Stat¢ments for the Y r End l Deecmbcr 2023 Page Report of the Trustee5 Independent Examiner's Report Statement of Financial Aetivfftties Balan¢¢ Sheet Notes to tbe Finxneial Ststements 5 to 9 Detailed Statetnent of Fin#neial Activities 10 to 11
North Newton Villa e Hall rt of the Tru for the 31 Dee 23 The tmstees preseni their report with the financial statements of the charity for the yr ended 31 December 2023. The trustees have adopted the provi5i0ns of Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Rew)rting Standard applicable in ihe UK and Republic of Ireland (FRS 102) (efftIYe l 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 ilthabitants of the parish of North Petherton (North N¢wton), in the county of Somerset without distinction of political, religiou& or other opinions, including use for rneeting& lecture5 and classes for other fomis of re¢reaiion and leisur¢ time occupation with th¢ object of improving the conditions of lift for the said inhabitants. STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of tn15t dated 2 June 1983. aJ]d Constitutes an unincoTPOrnted charity. Organisational structllre The village hall is run by a committee of non tNstees and the tr&isurer is Mr Noman Habberfield. REFERETrICE AND ADMINISTRATIVE DETAILS Registered Ch8rity number 294627 Principal address Bankland Farn) North N¢wton Bridgwater Sometset TA7 ODJ Trustee5 Mr A S E Bradford Mr B Sellick MrRDay Mr J M Barham Independent ExamiTher Somerset AccounLincy Services Ltd 22 Wessex Park Bancombe Busin¢s5 Estate Somerton Somerset TAI 1 6SB Approved by order of the board of tnjstees on 21 Mar¢h 2024 and signed oj) its behalf by.. Mr B Sellick- Tntee Pag¢ I
Inde endent Examiner's Re n Villa rt to the Trustees of Independent ex8miDer's report to the tnistees of North Newton Village Hall I report io the charity trustees on my examination of the accounts of North Newton Villag¢ Hall (the TNst) for the year ended 31 Decemb¢r 2023. Responsibilitie5 and basis of report A5 the charity trustees of the Trust you are responsible foT th¢ preparation of the accounts in accordance with the Trquirements of the Charities Act 2011 ('Ihe ACV). I report in respect of my examination of ihe Trnst's accounts tarried oul under Section 145 of the Act and in carrying out my examination I have followed all applicable Dire¢tions given by the Charity Cornlnission under Section 14515)(b) o(the Act. Independent ¢xamlner's statement I have completed my examination. I confm that no mat¢Tial matters have come to my att¢ntion in conne£tion with the examination giving me cause to believe that in any material respect: accounting rccords were not kept in respect of th¢ Trust as required by Section 130 of the Act- or the accounts do not accord with those records: or lh¢ accounts do not comply with the applicable requirements concerning the forn) and content of accounts set out in the Charitie5 {Accounts and Reports} Regulations 2008 oiher than any requirement that the accounis give a true and far view which is nol a matter considered a5 Part of an independent examination. I have no concerns and have colne across no other matteTS in CO[eCtion with the examination io wljich attention should be drawn in this rort in order io enable a proper understsnding of the accounts to be reached. Bruce Evans Somerset Accountan Services Ltd 22 Wessex Park B8ncombe Business Estate Somerton Somersei TAII 6SB 21 March 2024 Page 2
North Newton Villa e Hall tatement of Financi&l Aetiv ar 31.12.23 Total funds 31.12.22 Total nds Unrestricl¢d fund Restricted funds Not¢s INCOME AND ENDOWMENTS FROM Donations and legacies 70 4,500 4,570 26,722 Other trdding adivities Investment income 26,585 3,683 26,585 3,683 19,615 5,(M)3 Tot81 30J38 soo J4038 51,370 EXPENDITURE ON Raising funds 41,644 31,172 72,816 21,070 Other 294 294 552 Total 41,938 31,172 73,110 21,622 NET INCOMEI(EXPENDITURE) (11.600) (26,672) (3&272} 29,748 RECO]YCILIATION OF FUNDS Tot41 funds brought fonvard 28,632 26,672 55?04 25,550 TOTAL FUNDS CARRIED FORWARD 17,032 17,032 55,304 The note5 form part of these fmancial staten)ents Page 3
North Tr4ewton Villa e Hall Balanee Sheet JI December 2023 31.J2.23 Total funds 31_12.22 Total nd5 Unrestricted fund Restrided funds Notes FIXED ASSETS Tangible assets CURRENT ASSETS Stocks Cash at bank and in hand 2,031 15,(Kll 2,031 15,1)01 1,030 54,274 17,032 17,032 55,304 NET CURRENT ASSETS 17.032 17,032 55,304 TOTAL ASSETS LESS CURRETrrr LIABILITIES 17,032 17.032 55,304 NET ASSETS 17,032 17,032 55,304 Fur4DS Unrestricted funds Restricted ftd5 17,032 28,632 26,672 TOTAL FUNDS 17,032 55,304 The financial 5tat¢m¢nts w¢r¢ approved by the Board of Trnsi¢es and authorised for issue on 21 March 2024 and were signed on its beholf by.. Mr B S¢llick- Tn1¢¢ The notes fonn part of these fmancial statements Page 4
North Newton Vi118 e Hall Note5 to the Fin8ncial StatsmentS ror the Year Ended 31 December 2023 ACCOUNTING POLICIES Basis of preparing the financial statements Th¢ f]nancial statements of the charity. which is a public benefit entity under FRS 102, have been pr¢pared in accordance with th¢ Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to chariti¢s prq)aring their a¢counts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 Th¢ Financial Reponing Standard applicable in the UK and Republie of Ireland. and the Charities Aci 2011. The fjnancial statements have be¢n prepared under the historical cost convention. Ineome All income is recognised in the Statement of Financial Activities once the charity has entirlem¢nt to the funds, it is probable that th¢ income will be received and the amount Can b¢ measured reliably. Expenditure Liabilities are recognised as expendiwre as soon as th¢Te TS a legal or constructiY¢ obligation committing th¢ rharity to that expenditure, it is probable that a tTaDsf¢r of economic benefits will be required in settlem¢nt and the amount iTrf th¢ obligation can be measured reliably. Expenditure is accounted for on an a¢cruals basis and has been classified under headings that aggregate ail c05t r¢lated io the category. I¢re costs cannoi be directly attributed to particular headings they have been allated to activities on a bayis ¢onsistent with ihe use of resources. Stocks Stocks are valued at the lower of cost and net r¢alisable value, after making due allowance for ob501ete and slow moving itetns. Txxatlon The charity is exempt from tax on tts charitable activities. Fund accounting Unrestricted fLJnds can be used in accordance with the charitabl¢ objeetives at the discretion of the tnJstee5. Restricted fLmds can only be used for particular restricted purposes within the objects of the charity. Restrictions lse when specified by the donor or when fund5 are raised for particular restricted purpose$. Further explanation of the nature and purpose of each nd is included in the notes to the fmancial 5¢8temen OTHER TRADING ACTIVITIES 31.12.23 31.12.22 Fundraising events Bar takings Pr¢ School Westem Power & BT 3,412 17,7711 S,381 22 2,197 12,737 4,669 42 26585 19,645 Page 5 ontinu¢d...
North Newton Vllla e Hall Notes to th Flnanci rnent5- Continued INVESTMENT INCOME 31.12.23 31.12.22 Ha]1 hire 5,003 RAISING FUNDS Investment management costs 3J.12.23 31.12.22 Trade waste and cleaning Propety repairs Fundraising costs sUbriPtIons 3,972 51,090 1325 2,529 5,831 1,591 100 57,487 10,051 TRUSTEES, REMUNERATION AND BENEFITS There were no trjstees. remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trn$t¢es' ¢xpert$es Th¢r¢ w¢r¢ no trust¢e$' exp¢nses paid for the year ended 31 De¢¢mbei 2023 nor for the year ended 31 De¢ember 2022. COMPARATJVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND KNDOWMENTS FROM Donations and legacies 50 26,672 26,722 Other trading activities Investment income 19,645 5,003 19,645 5.003 Total 24,698 26,672 51,370 EXPENDtTURE ON Raising fimds 21,070 21,070 Other 552 552 Total 21,622 21,622 NET INCOME 3,076 26,672 29,748 Page 6 Continued...
Iyorth Newton Villa e H811 Notes to the Financial Ststements- eontinued for the Year Ended 31 Deeember 2(123 COMPARATIVES FOR THE STATEMENT OF FIf4ANCIAL ACTtVlTIES- Continued Unrestri¢ted Restricted fijnd funds Total funds RECONCILIATION OF FUNDS rolal fiwds brought forward 25,556 25,556 TOTAL FUNDS CARRIED FORWARD 28.632 26,672 55,304 TANGIBLE FIXED ASSETS The village hall property 15 h¢ld in trust for the village. Et is not shown on th¢ baiance sheet but h&8 an insurance valu¢ of £500,0(K). STOCKS 31.12.23 31.12.22 Stocks 1031 1,030 MOVEMENT IN FUNDS Net movement in fvnds At 31.12.23 At 1.1.23 Unrestrieted funds GeneTal fund 28,632 (11,6110) 17,032 Reslrici¢d funds New Toilets 26,672 (26,672) TOTAL Fuf4DS SS304 (3&272) 17,032 Net movement in funds. in¢lud¢d in the above are as follows.. Incoming resourc¢s Resources expended Movernent An funds Unre$trieted funds General fvnd 30J38 {41,938) (11,600) Restricted funds New Toilets 4,500 (3J,172) (26,672) TOTAL FUNDS 34038 (73,110) (38372) Page 7 continued..
North Newton Vllla e Hall Notes to the Finaneial Statements- continued for the Year Ended 31 December 202 MOVEMENT lly FUNDS- CODtiDlled Compar¥tives for movernent in funds Net movelnent in funds At 31.12.22 At 1.1.22 Unrestrieted funds General fund 25,556 3,076 28,632 Restricted funds New Toilets 26,672 26.672 TOTAL FUJYDS 25,556 29,748 55,304 Compardtive net movernent in fitnds, included in the above are as follows.. Incorning resourc¢s Resources expended Movement in funds Unrestricted funds General fvnd 24,698 (21,622) 3,076 Restricted funds New Toilets 26.672 26,672 TOTAL FUNDS 51.370 (21,622) 29,748 A ¢urr¢nt year 12 months and prior year 12 months cornbined position 15 as follows.. Net movement in funds At 31.12.23 At 1.1.22 Unrestricted funds General fund 25,556 {8,524) 17,032 TOTAL FUNDS 25,556 {8,524) 17,032 Page 8 continued...
North Newton Villa e Hall Notes to the Financial Ststem¢nts- eontinued for the Year Ended 31 December 2023 MOVEMENT IN FUNDS- continlled A current year 12 months and prior year 12 months combined net movemeDI in funds, included in the above are as follows.. Incoming resources Resources expended Movement in fund5 Unrestricted funds General fund 55,036 (63,560) {8,524) Restri¢¢td funds New Toilets 31,172 (31,172) TOTAL FUNDS 86.208 (94,732) (8,524) io. RELATED PARTY DISCLOSURES There were no related party transactions for lh¢ year ended 31 December 2023. Page 9
North Newton Villa e Hall Detailed Statement of Financial Activitie$ f¢Trr the Year Ended 31 December 2023 31.12.23 31.12.22 INCOME AND Ef4DOWMENTS Donations and legacies Donation% Grants 70 4,5110 50 26,672 4,570 26,722 Other tr8ding sctivities Fundrnising events Bar takings Pre School Western Power & BT 3,412 17,770 S381 22 2.197 12,737 4,669 42 26,585 19,645 Investment incorne Ha]1 hire 3,683 5,003 Tot&1 ineotNiD% resourees 34,838 51,370 EXPENDITURE Raising donations and legacie5 Rates and water Insurance Light and h¢at Telephone Sundries Website 466 J,045 4,636 288 64 126 351 962 4,399 276 103 625 6,091 Other tradimg actiyities Opening stock Purchases Licensing Closing stock 1,030 9.558 147 {2,031) 500 5,326 132 {1.030} 8,704 4.928 InvestmeMt mart*gement costs Trad¢ waste and ¢leaning caled forward 3,972 3,972 2,529 2.529 This page does not forn) part of the statutory financial statements Page 10
North Newtoja Villa e Hall etail ststement o Fin eial Activit. 31.12.23 31.12.22 Investm¢Jit management costs Brought forward Property repairs Fundriiising costs Sub5CriPtiong 3,972 51,090 2J25 loo 2,529 5,831 1,591 100 57,487 10,051 Support costs Governanee eosts Accountancy and legal fees 294 552 Total Tesour¢es expended 73,110 21,622 Net (exptndlturevincorne {38,272) 29,748 This page does noi form part of the statutory financial ststements Pagell