REGISTERED CHARITY NUMBER: 294627 Re ort of the Trnstees and Unaudited Flnanclal Statements ror the Year EDded 31 December 21124 for North N Vllla Hall Somer5et AccountaJ)cy S¢rvices Ltd 22 Wessex Park Bancomb¢ Businegs Esrate Somerton Son]erset TAII 6SB
North Newton Villa ¢ Hall Contents of tbe Flnanell State r Ende nts r 2024 Page Report of the Trnstees IndependeDt ExAner.$ Report Statement of Fin4Dclg1 A¢tivitles Balance Shett Notes ¢0 tb¢ FlnAllcll Statements 5 to 9 Detailed Staten)eDt of Financial Artlvities
North Newton Vllla e Hall rt of the Trustees r th Year Lnded 31 D r 2024 The tTUSte¢s present their report with the financial statements of the charity for the year ended 31 Decemb¢r 2024. The truste¢s hav¢ adopied th¢ provisions of Accounting and Reporting by Charities.. Statement of R¢¢ommended Practicc applicable to charities pr¢paring their accounts in a¢wrdan¢e with the Financial Reporting Standard applicable in thc UK and Republic of Ir¢land {FRS 102) {effe¢tive l January 20191. OBJECTtVES ATr4D ACTIVITIES Objettlves and alms The nlA obj¢ctive of the charity is to provide a vÉllage hall for the use of the inhabitants of the parish of North Petherton (North Ne10), in the county of Somersei without distinction of political. religious or other opinions, including use for me¢tings, lttlures and c12sses for other forn)s of r¢creation and leisure tim¢ occupation with the obj¢ct of i]nproving the conditions of life for th¢ said inhabitsnts. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng dDcument The charity is controlled by its gov¢rning document, a de¢d of tllL%t dated 2 June 1983, and constitutes an uninctsrporated charity. OrEanlsatloDal structhre The village hall is run by a ¢omJnittee of non tt¢eS and the treasur¢r is Mr Nornwh Habberficld. REFERENCE AND ADMINISTRATIVE DETAILS Registered Cbarlty number 294627 Principsl address BanaThd Fann North Newton Bridgwater Somerset TA7 ODJ Tru$t¢e$ Mr A S E Bradford Mr B Sellick MrRDay Mr J M Barham Indepelldent Exxmlner Somerset Accountancy SeLvices Ltd 22 Wessex Park Ban¢ombe BtnesS Estate Somerton Somerset TAI 16SB Approv¢d by order of the board of trustc¢s on 10 March 2025 and signed on its behalf by= Mr B Sellick- Trnstee Page I
Inde ndeDt Ex#mSner's Re rth N wton Villa e Hall rt ¢0 the Trn$tee$ of IlldepeDdettt examlner's report to the trustees •f North Newton Vlllage Hall I report to th¢ eharity tntsttts on my examination of the accounts of NoTth Nemrton Village Hall (the TnLStI for the y¢ar eDded 31 December 2024. Responslbllltles and basis of Teport As the Charity tru$t¢¢5 of the Tn1 you arc r¢spoDsible for the piepaTOtion of the accounts in aOrdanCe witb the requir¢ments of the Charities Act 2011 (Ih¢ Act,). I report in respect of my exarnination of the Trust's accounts carried out under Section 145 of the A¢t and in canying out my ¢xamination J have followed all applicable Direetions given by the Chayity Commission under Seeiion 145(5)(b) of the Act. IDdepeDdellt examlner's statement L have compl¢t¢d my exatninaiion. I confimi that no rnaterial matters hav¢ come to my attention in ¢onne¢iion with the examination giving me Cause to believe that in any maierial respect.. accollnting records were not kept in respecl of the Trust as requir by Section 130 of the Act; or the accounts do not accord with those records,. or the accoullts do not ¢on)ply with the applicable requirements collceming th¢ fornl and conrent of accounts set out in th¢ Chariti¢s (Accounts and Reponsl R¢gulations 2008 oiher than any requirement that the a¢¢ounts give a true and fair view wbieh is not a mailer consid¢r¢d as part of an indep¢nd¢nt examination. I have no concerns and have come across no other matt¢rs in connection with the examination to which attention should be drawn in this report in order to enable a PTop¢r understanding of the accounts to be reached. Bruce EvatL8 Somerset Accountanty Services Ltd 22 Wessex Park Banoomb¢ Business Estate Somerton Somerset TAII 6SB 10 March 2025 Page 2
North Newton Vllla e Hall Statement of FknaTreiai Actlvitie5 for the Year Ended 31 De¢¢mber 2024 31.12.24 Total fund5 31.12.23 Total nds Unrestricted fund Restricted nds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 10.121 10,121 4,570 Otber trading a¢tivities Investment income 23,389 4,092 23J89 4,092 26,585 3,683 Total 37,602 37,602 34,838 EXPENDITURE ON Raising fulld$ 38,082 38,082 72,816 Other 480 294 38.562 3861 73,110 NET INCOMEI(EXPENDITURE) {960} (960) {38,272) RECONCILIATION OF FUNDS Total funds brought forward 17,032 17,032 55,304 TOTAL FUNDS CARRIED FORWARD 16,072 16,072 17.032 Th¢ notes form part of these financial statern¢nts Pag¢ 3
North Neivt•n Vllla e Hall Balance Sheet l Dee¢mber 21124 31.12.24 T•t*l fuDd5 31.12.23 Total nds Unr¢stricted fund Restricted funds Notes FIXED ASSETS Tangible assets CURRETr4T ASSETS Stocks Ca$kn at bank and in hand 2.735 13J37 2,735 13J37 2,031 15,001 16,1172 16,072 17,032 NET CURRENT ASSETS 16,1172 16,072 17,032 TOTAL ASSETS LESS CURRENT LIABILITIES 16,072 16,072 17,032 NET ASSETS 16,072 16,1172 17,032 FUNDS Unrestricted funds 16,072 17,032 TOTAL FUNDS 16.072 17.032 Th¢ financial statements were approved by th¢ Board of Trnstees and authorised for issue on 10 March 2025 and w¢re SI)ed on its b¢half by.. Mr B Sellick- TNstee The nots forni part of these finan¢ial statements Page 4
orth Neivton Vllla e Hall Trlotes to th¢ Flnancl#l Statements f•r the Year F.nded 31 D¢eetnber 2024 ACCOUNTING POLICIES Basls of PTeparing tbe financlal 5tateTnellts Th¢ fLnan¢ial ststements of the charity. which is a public benefit entity und¢r FRS 102, hav¢ b¢¢n prepared in a¢cordallcc th th¢ Charitie5 SORP (FRS 1021 'Accounting and Reporting by Chariti¢s.' Statement of R¢commended Pra¢ti¢¢ applicable to chariti¢s preparing their ac¢ounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland ITrRS 102) (effective l January 2019}', Financial Reporting Sthndard 102 Th¢ Financial Reporting Standard applicabl¢ in the UK and Rq)ubli¢ of Ireland, and the Charities Act 2011. The financial ststunents have been pr¢pared under the historical cost convention. All income 15 recogmsed in the Stat¢ment of Financial A¢tivities once the charity ha5 ¢ntitlement to th¢ funds. it is probable that the incon)¢ will be Teceived and the arntsunt can be m¢asured reliably. Expenditure Liabllities are rogniSed as expenditure as soon as there is a l¢gal or constructive obligation coll]mirting the charsty to thai expendimre, il is probable that a transfer of econornic benefits will b¢ required in settlement and the amount of the obligation ¢aTh be rneasured reliably. Expendiwre is accounted for on an accruais basis and has b¢en classified under h¢adxn8S that aggregate all cost related to the ¢at¢gory. Iere costs ¢anno¢ be directly attribut¢d to particular heading$ they have been allocated to aciivities a basis consistent with th¢ use of resources. Stocks Stocks are valued at the lower of cosl and n¢t realisable valu¢, after making due allowance for Obsolete and slow moving items. T&xatl&n Th¢ clwity is exempi from tox OTh its clwi"thble activities. Fund #eeountlng Unrestrict¢d fDnds can be used in a¢¢ordance with the charitabl¢ objectives at the discr¢tion of the tnt¢¢5. R¢stricted fimds can only b¢ used for particular restricted purposes within the objects of the charity. Restrictions ari5¢ wben specifi¢d by the donor or when ndS are raised for partiwlar restricted purposes. Further explanation of the nature and purpose of each fund is included in th¢ notes to the financial ststements. OTHER TK4DING ACTIVITIES 31.12.24 31.12.23 Fundraising events Bar takings Pr¢ School Western Power & B T 5.204 12,658 5.505 22 3.412 17,770 5.381 22 23J89 26.585 Page 5 continued...
North Newton Villa e Hall Notes to th¢ Flnancial Statements- ttsntlllued forthe YearEndtd 31 Decem er 2024 INVESTMENT INCOME 31.12.24 31.12.23 Hall hAr¢ 4,1)92 3,683 RAISING FUI4DS Investment Jnanagern¢nt ¢osts 31.12.24 31.12.23 Trade waste and cl¢anin8 Property repairs Capital ¢xpcnditur¢- laptop Fundraising costs Subscriptions 3,541 J9.199 259 2,450 iio 3,972 51.090 2,325 100 25,559 57.487 TRUSTEES. REMUNERATION AND BENEFtTS There were no trust¢¢s' remuneration or oth¢r benefits for the y¢ar ¢nded 31 December 2024 nor for the year ended 31 D¢¢ember 2023. Trustees, expenses There were no iruste¢s' expellses paid for the year ¢nded 31 December 2024 noi for the year ¢nd¢d 31 December 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted fi]nd5 Total fid$ INCOME AND ENDOWMENTS FROM Donations and legacies 70 4.500 4.570 Other trading activities Investm¢nt income 26.585 3.683 26,585 3.683 Total 30,338 4,500 34,838 EXPENDITURE ON Raising fimds 41,644 31.172 72.816 Other 294 294 Total 41.938 31.172 73,110 NET INCOMEIIEXPENDITURE) 111.6001 126,6721 (38.2721 Page 6 continued...
North Newton Vlll e Hall Notes to the FRnanefial Statements- contlnued for the Year Ended JI Detember 2024 COMPARATEVLS FOR THE STATEMENT OF FINANCIAL ACTIvrriES- eolltlnued Unrestricted Restrictcd fund Toial funds RECONCILIATION OF Fuf+lDS Total funds brought forward 28,632 26,672 55,304 TOTAL FUNDS CARIUED FORWARD 17.032 17,032 TANGIBLE FIXED ASSETS The village hall property is held in trnst for the village. It is not shown on the balance sheet but bas an insuraD¢¢ value of £500,(MM). STOCKS 31.12.24 31.12.23 Stocks 2,735 2,031 MOVEMENf IN FUNDS Net movemcnl in ttds At 31.12.24 At 1.1.24 Unrestricted fllllds General fund 17,032 (960) 16,072 TOTAL FUNDS 17,032 (960) 16,072 Net moven*nt in fijnds, included in th¢ above are as follow$.' tncoming re50UW¢S Resources expended Movement in ndS Unrestrlcted fuuds General fimd 37,002 (38,562) (900) TOTAL FUNDS 37.602 (38,562) (960) Page 7 continued...
North Newton Vllla e Hall t t the FIDaDclal Siatements- contlnued f r the Year En mber 2 24 MOVEMENT IN FUNDS- eontlnved Comparatives for movement in fllllds Net rnov¢ment in funds At 31.12.23 At 1.1.23 Unre5trRtted funds General fund 28,632 111,6001 17,032 RestrReted funds New Toilets 26,672 {26.672) TOTAL FUI¥DS 55.304 (38,2721 17,032 Comparative net movement in funds, included in the above ar¢ a$ follows.. Incoming resourc¢s R¢sources expended Mov¢rnent in funds Unrestri¢ted General fill)d 30,338 141,938) 111,600) Restricted fuDds New Toilets 4,500 (31,172} {26,672) TOTAL FUNDS 34.838 {73,1101 {38,272} A curr¢nt year 12 months and prior year 12 months combined position is as follows.. N¢t movem¢nt in thnds At 31.12.24 At 1.1.23 Unrestrlcted funds G¢n¢ral fulld 28,632 (12,560) 16.072 Restricted funds New Toilets 26,672 (26,672) TOTAL FUNDS 55,304 (39.232) 16,072 Page 8 ¢ontinued...
North Newton Villa e Hall Notes to the Flnanelal Statement$- eontlnued for the Y ar Ended 31 December 2024 MOVEMEPU IN FUNDS- continued A current year 12 months and prior year 12 months Combined net rnovcmenl in fvnds. included in the above arc as follows.. Incoming resourc¢s R¢sowces expended Move]nent in fijnds Unre5tri¢ted funds G¢Deral 67,940 180,5(10) {12,560} Restrleted fullds New Toil¢ts 4.500 131.172) (26,672) TOTAL FUNDS 72,440 (111,672) (39,232) io. RELATED PARTY DISCLOSURES There w¢r¢ no related party trans3etions for the year end¢d 31 December 2024. Pag¢ 9
Iyorth Newton VIIIA e Hall Detailed Statenknt of Financial Aetivltles th Year Ended JJ De mber 2024 31.12.24 31.12.23 INCOME AND Ef+lDOWMENTS Donation5 and leg#eles Donations Grants 70 4,500 10,000 111,121 4,570 Other trading activities Fundraising events Bar takings Pre School Western Power & BT 5,204 12,658 5.505 22 3,412 17.770 5,381 22 23,389 26,585 Investment Income Hall hire 4,092 3,683 Total incomiDg resources 37,602 34,838 EXPENDITURE Raising don&tion$ and legaeles Rates and water Insurance Light and heat Telephone Sundrios Website 513 1,149 5.028 402 50 12 466 1.045 4,636 288 64 126 7,154 6.625 Other trading aetlvltles Opening stock Purchases Licensing Closing stock 2,031 5,612 461 (2,735) 1.030 9,558 147 {2,031) 5J69 8,704 Investment management eost$ Trade waste aDd Cleaning Carri¢d forward 3,541 3,541 3,972 3.972 This page does noi forni part of the starutory financial siatements Page 10
North Newton Vllla e Hall Detailed Stalement of Finnell Activities for the Year Ended 31 December 2024 31.12.24 31.12.23 IDve5tThent management e(*sts Broughi forward Property repairs Capital expenditur¢- laptop Fundraising Costs Subscriptions 3541 19,199 259 2,450 3,972 51.090 2,325 loo 25,559 57,487 Support costs Govern4n¢e costs Ac¢ountattcy and legal fees 480 294 Total resources expended 3&562 73,110 N¢t expendSture (960) {38.2721 This page docs not form part of the statutory financial stat¢DKllts Pagell