Chairman’s Report 2024
The hall is focated on Kennington Road, central to the village. It is adjacent to King George’s field, which became a subsidiary to the hail on March 24" 1998.
, We are regulated by the Charities Commission with the aim to provide and maintain the village hall for the use of the residents of Kennington; we also pravide and maintain a children’s play area. The committee at present consists of representatives from various village organisations, Parish Council, Mother and Toddler Group, KADs, Festival Group, Youth Club, Alternative Badminton Club and 3 members of the public.
We are assisted by one Honorary Officer - our treasurer Mrs Fiona Van Hoven who receives a small honorarium which is decided at the AGM.
Sandra Hogen is employed as Booking Secretary and Hall Manager as well as being a key holder for which she receives a salary.
Unfortunately during 2023, our Ex-Chairman at the time (Colin Charlett) decided it was time to stand down after many a years’ service due to ill health. Sadly, Colin passed away towards the end of the year.
New Chair and Vice Chair were elected, myself (Colin Smith} as Chair and Rachel Brown as Vice Chair. Another long serving member (Roger Gelder} also resigned from the committee.
2023 saw Wi-Fi installed in the hall, a new booking system implemented, we have now started to use Hallmaster software for bookings and it seems to be running smoothly.
Fhe constitution was also updated to reflect current members of the committee. :
Bookings remain good and the hall and rooms are hired out for a wide range of activities.
The hall has undergone various maintenance which includes a leaking roof above the boiler rooms being repaired, a new set of roller shutter doors being installed at the main entrance and additional CCTV being fitted in the main hall. 2024 is looking good for the hall and its users, we are also in the process of sorting out a new lease for the Library. | : i finish by offering thanks to our staff and to our Treasurer for helping to keep the hall running smoothly, a special thanks ta Fiona who has decided it is time for her to stand down as Treasurer after doing the role for a long time.
Colin Smith
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Chairman of KVHMC
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KENNINGTON VILLAGE CENTRE
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|Charity Land Account Income and Expenditure for year ended 31st Dec 2023|
|2022|INCOME|
|£|£|£|£|
|Lettings|
|7,032.50|Village Organisations|8019.00|
|13,129.00|Other Regular Organisations|19,525.00|
|FATT|
|25|Miscellaneous|Lettings|7,682.00|
|27,638.75|SC|35,226.00|
|0.00|Donations|from|Charity Land Account|0.00|
|[interest|
|238,70|Bank and Other Savings|1,101.09|1,161.09|
|Rent|and|Other|ee|
|11,598.60|Kennington Club|Premises|17,398.60|
|4,300.60|Oxfordshire|County|Library|-|Rent|4,807.00|
|2,249.71|-|Services|2,542.86|;|
|||300,00|Kennington Venture|Youth|Club|300.00|
|4,000.00|Misc.|income|
|22.448.3150,345.76|1934846|
|55,575.55,|
|LESS EXPENDITURE|
|11,266.50|Caretaker,|Bookings Manager etc|135,257.00|
|Services|||
|4,538.63|Rlectricity|$,351.01|
|3,107.31|Gas|3,744.16|
|42.95|Water|.|913.03|
|38.31|Felephone/|Internet|_|178.36|
|886.64|Refuse|Disposal|977.24|
|8,613.62|||14,164,02|
|Cleaning|
|193.12|Litter picking|0.00|
|13,130.16|Materials|and Services|14,856.26|.|
|13,323.28|14,856.26|
|General|
|2,295.88|Honorarita|2,100.00|
|11,796.58|Maintenance|5,716.29|
|2,148.96|insurance|2,389.66|
|386.48|Performing|Rights|421.32|
|168.46|Stationery|and Postage|103.00|
|552.38|Miscellaneous Expenses|605.00|
|23.98|Computer|Sottware|0,00|
|$1.50|Bank Charges|60.00|
|0.00|Proiessional|Fees|0.0|
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|17,454.22,|OO|11,391.27|
|8,789.95|Depreciation|8,919.69|
|~|(7,000.00)52447.57|Less Donations Reserve write off|(7,000.00)|£919.69|55,588.24|
|(2,101.81)|SURPLUS|(DEFICIT) FOR YEAR|.|—|(12.69)|
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KENNINGTON VILLAGE CENTRE
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Charity Land Account Income and Expenditure for year ended 31st Dec 2023
2022
£ INCOME f£
358.24 Interest on Investments 322,85
244,44 Other investment Interest 932.07
(1,897.22) Gains (Losses) on Investments Realised 699.34
(1,294.54) 1,954.26
EXPENDITURE
0.00 Contribution to Village Hall capital expenditure 0,00
0.00 Contribution to Village Hall revenue expenditure 0.00 0.00
(7,294.54) SURPLUS (DEFICIT) FOR YEAR 1,954.26
Cash Flow Statement year ended 31st December 2023
2022 £
£
(2,101.81) Operating Surplus (Deficit) (12.69)
1,789.95 Depreciation 1,919.69
602.68 Charity Land Account Surplus (Deficit) 1,254.9?
290.82 TOTAL CASH INFLOWS 3,161.92
6.00 Net changes in CLA investmenis 0.00
1,485.40 Capital Expenditure net of contributions received 3,785.40
2,483.82 Working Capital Movement (3,479.38)
3,969.22 TOTAL CASH OUTFLOWS 366,02
(3,678.40) INCREASE (DECREASE) IN CASH 2,795.96
Excluding unrealized gains or losses on investments
Analysis of balances of cash
2610.17 CAF Cash Account 2657.63
55971 .90 CAF Gold Account 57510.88
1,428.79 CCLA Deposit Account - General [,49}.41
18,743.27 CCLA Deposit Account - CLA 19,890.11
10,006.00 CAF 60 Day Account 10,000.00
0.00 Cash in Hand 0.00
88,754.13 91,550.03
———
(3,678.40)
Change in year ___2,795.90°
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KENNINGTON VILLAGE CENTRE
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|2022|
|Galance Sheet as at 31st December|2023|
|£|
|£|£|£|
|FIXED ASSETS|
|350,600.00|Buildings (gross)|350,000.00|
|(238,000.00)|Less Cumulative Depreciation|(245,000.00)|105,006.00|
|6,640.70|[mprovements and Equipment (net)|9,413.35|
|222,354|Furniture & Equip (net)|1,681.40|
|174,00|Computer Equip(net)|108.00|
|13,255.44|Charity Land Investments|13954.78|25,157.53|
|NET CURRENT ASSETS|
|2,610.17|CAF Cash Account|2,057 ,63|
|55,971.90|CAF Gold Account|57,510.88|
|1,428.79|CCLA Deposit Account|- Generat|],491,41|
|18,743|27|CCLA Deposit Account|- CLA|19,890.11|
|10,000.00|CAF 60 day Notice Account|10,000.00.|
|0.00|Cash in Hand|0.00|
|7,953.96|Sundry Debtors and Prepayments|7,139.77|
|(8,582.62)|Less Sundry|Creditors|and Receipts|in Advance|
|48 994.02)|$a||(11,207.81)|87,501.9987,501.99|
|222,717.95|TOTAL ASSETS|217,659.52|
|RESERVES|
|350,000.00|Donations Reserve|330,000.00|
|(238,000.00)|Less|written off|(245,000.00)|205,000.00|
|29,242.72|Charity Land Account|31,196.98|
|84,871.58|Surplus brought forward|1/1/23|79,520.97|
|(3,396.35)|Surplus (Deficit) for year to 31/12/23|L457|81,462.54|
|222,717.95|TOTAL RESERVES|——— 217,659 52|
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, Statement of Financial Activities for the year ended 31st December 2023
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KENNINGTON VILLAGE CENTRE
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||Note|General|Designated|Endowed|Donation|Tofal|Total|
|||Fund|Funds|Fund|Reserve|Funds|Funds|
|||2023|2022|
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|:INCOME AND EXPENDITURE|
|;|Incoming|Resources|
|Rents|16706|16706|[6199|
|Lettings|35226|35226|27639|
|Services provided|2543|2543|2250|
|Investment income|1101|1255|23.56|561|
|Other|income|0)|0|4000|
|Total|4|Go|ee|
|incoming|resources|55576|1255|56831|50949|
|Resources|expended|
|Operating|,|Management|
|and|Administration|ef the|Charities|2|55589|70006|62589|59448|
|Contribution|to|capital|expenditure|12|4)|0|G|
|Total resowrces expended|55589|0|7000|62589|59448|
|Net|incoming|(outgoing)|
|resources|before transfers|(13)|1255|(7,000)|(3,758)|(8,499)|
|Transfers|3|||
|Net incoming|(outgoing)|
|resources|for year|-13|1,255|(7,060)|(3,758)|(8,499)|
|Other recognised|pains|
|and|losses|
|Unrealised|gains|(losses)|on|
|investment assets|OFBF)|
|Net movement|in|funds|-13|1,954|(7,000)|(5,059)|(10,396)|
|.|Balances|b/fwd|at|
|Ist Janwary 2023|_|86,478|7,740|16,500|2,000|222718214560|
|Balances|c/fwd|at|
|31st December 2023|_96941650086465|105000|217659|222718|
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KENNINGTON VILLAGE CENTRE Balance Sheet at 3ist December 2023
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Note 2023 2022
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Fixed Assets
: Cangible fixed assets 4 116202 121337
investments 5 13954 13255
[3156 134592
Curent Assets
: Debtors and prepayments 6 7160 7954
Cash at bank and in hand 7 91551 88754
Liabilities
Amounts due in one year | 8 (11,208) (8,582)
Total Net Assets 217659 222718
Funds
Donations Reserve 9 105000 112000
General 86465 86478
Endowed 1G 16500 16300
Designated 10 9694 7740
Total Funds 1126359 110718
Total Funds and Reserves ___ 217639 222718
F von Hoven LL.B .2-.<"connate nS C Smith.
Hon. Treasurer Chairman
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The annexed Statement of Financial Affairs, Balance Sheet and Notes have been prepared from the books and records of the Village Centre by ihe Hon. Treasurer and I certify them to be in accordance with these,
ft, S, Ward ACMA Date Bb Independent Examiner
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Notes to the Accounts for the year ended 31st December 2023
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I Accounting Policies
See statement
2 Operating, Management and Administration of the Charities
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|General|General|Donations|Denations|
|Fund|Fund|Reserve|Reserve|
|2023|2022|2023|2022|
|Salaries|£|£|£|£|
|of|Caretaker & Bookings Mer,|13257|11267|
|Honorarium|Treasurer|2100|2296|
|Utility services|14164|8614|
|Parish|Council|litter picking services|0|193|
|Cleaning materials/services|14856|13130|
|Building maintenance|-|5716|11797|
|Insurance|2390|2149|
|Other|£185|1253|
|Depreciation|1920|17906|7000.|7000|
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|55589|52448|7000|7000|
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|3|Transfer|of funds|
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There were no transfers of funds during the year,
4 Tangible Fixed Assets
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|Buildings|Building|Furniture|Total|
|improvements|and|
|Equipment|
|Cost|£|£|£|£|
|At|1st January 2023|350000|1099]|2056]|381552|
|Additions|0|3401|384|3785|
|Disposals|||-168|“108|
|ra|
|At|eS|
|EOLD|
|31st December 2023|350000|14392|20837|385229|
|Accumulated|depreciation|||
|At|Ist January 2023|238000|4350|17865|260215|
|Disposals|- 108|-108|
|Charge|for year|7000|629|1291|8920|
|At|py|
|3st December 2623|245000|4979|19048|269027|
|ON|
|Net|book|value|at|
|31st December 2023|165000|9413|1789|116202|
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5 Fixed Asset Investments
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| 5 | Fixed Asset Investments | ||||
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| 2023 | 2022 | ||||
| , | £ | £ | |||
| a FixedInterestInvestments Marketvalue 1 January2023 Additions Disposals |
13255 0 |
145152 4 |
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| Netunrealisedmvestmentgains (losses) | 699 | (1,897) | |||
| Marketvalue31 December2023 | — | -43954~—~~«Y:S SS | |||
| 6 | Debtors andPrepayments | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Insuranceprepayment | 2198 | 2190 | |||
| Water RatesPrepayment | 0 | 131 | |||
| Performing Rightsprepayment | 282 | 396 | |||
| HailMaster | 227 | 0 | |||
| RegularOrganisation | 3485 | 3609 | |||
| Miscellaneous Lettings | 795 | 1500 | |||
| Investments Debtor | 174 | 128 | |||
| 7160 | 7954 | ||||
| 7 | Cash at bankand in hand | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| CAF Cash Account | 2658 | 2610 | |||
| CAF Gold Account | 37511] | 55972 | |||
| CCLA DepositAccount - General | 1491 | 1429 | |||
| CCLA DepositAccount - CharityLand | 19890 | 18743 | |||
| CAF 60 dayNoticeAccount | 10000 | 10000: | |||
| Pettycash | os | ||||
| «94551 | $8754 | ||||
| g | Liabilities due in oneyear | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| CalberFacilitiesManagement - cleaning | services/materials | 1453 | 1026 | ||
| GrundonWasteManagement | 33 | 66 | |||
| Utslities | 4272 | 347] | |||
| Wages/Paye | 3579 | 3230 | |||
| Oxford Direct Services | 63 | 0 | |||
| Insurance | 2398 | 2389 | |||
| Hirers prepaid& Deposits held | 3450 | 1364 | |||
| Castle Water | 36 | “HS | |||
| EDFEnergy | ANS 50S —20s B82 |
g Liabilities due in one year
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9 Donation Reserve The Donations Reserve relates to the Village Half building, which was donated to the Centre by a whichfund raisingit relates. Committee. The reserve is being written off each year in parallel to the building to
i0 Endowed and Designated Funds
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Balance Resources Movements Balance
01/01/2023 Incoming Outgoing 31/12/2023
£ £ £ £
Charity Land endowed 16500 16300
Charity Land designated 7740 1255 699 9694
a
24240 [255 699 26194
2H
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The Charity Land endowed fund is a capital fund comprising the proceeds of sale of endowed land in 1974, which was part of King George's Field, Interest on the imvestments purchased from this sale is held in the Charity Land designated fund until allocated for use.
ai Analysis of Net Assets Between Fumds
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Tangible investments Net Total
Fixed Current
Assets Assets
£ z £ £
Charity Land endowed : 13954 2546 16500
Charity Land designated 9694 9694
General Fund 116202 75263 191465
116202 13954 87503 217659
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12 Contributions to Capital / Revenue Received
None during 2023
13 The Village Hall and King George’s Field Charities
Fhe accounts ofKennington Village Centre comprise thase of two charities:
i. Kennington Village Hall
- King George’s Field, Kennington, Oxfordshire
The accounts are combined, but the income of the two charities is readily identifiable, although the expenditure is not,
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The income relating to King George’s Field is derived from the following:
1, Kennington Club Premises - rent
- Oxfordshire County Library « rent
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Oxfordshire County Library - services
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Kennington Venture Youth Club - rent and water services
This totalled £19320 in 2023
Expenditure on the Field charity is low and comprises a small amount ofmaintenance and cleaning.
The ‘Charity Land Account’ is wholly owned by the Field charity, Its income derives from interest and dividends on investments and is clearly stated. The current position of the Charity Land Account is shown in the balance sheet,
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osn CHARITY COMMISSION : independent examiner's report on the | $y | FOR ENGLAND AND WALES | accounts
- .. Qn accounts for the year ; Charity no | | oven i, 1@. AS : (if any) | Boo To | | ‘Set cut on pages | | | , : - | : | renari io the trustees on my examination of ihe accounts of the above | charity (“the Trust’) for the year ended! :. ott ys, Responsibilities and As the charity's trustees, you are responsible for the preparation of the , BASIS OF TSPort accounts in accordance with the fSqurements of the Charities Act 2071 Z (“the Act"). } : | report inrespect of my examination of the Trust's accounts carried out . _ under section 145 of the 20717 Act and in carrying out my examination, | : me have followed all the applicable Directions given by the Charity Cammission under section 145(5)(b) of the Act. | | Independent [thechanirs-gross-incomeexeceded- £250,006-and-am-qualifiedto ! ovaminer's statemant vedartalkethh e ise-exomination-hya quale membernttnseart name af | have completed my examination. | corifirm that no material matters have ) come to my attention in connoction with ine cxamination (oiner Man ihat a disclosed below *} which gives me cause to believe that in, any material fespect: oo . e the accounting records were not kepi in accordance.with section 130 of the Charities Act; or | e the accounts did not accord with the-accounting records; or i : e the accounts did not comply with the applicable requiremenis | 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 ‘irue and fair’ view which is nota matter — | considered as part of an independent examination. | have no cancems and have come across no other matters in connection with the examination to which attention should be drawn in this repertin | order to enable a proper understanding of the accounis to be reached. | * Please delete the words in the brackets if iiey Go mot appry. Signed: | Bi sesh | Date: | Xu. 3. MORY : | aic a, Name: | SeipP4 wAéwms Relevant professionai ;Ae— f npn | | qualification{s} or hody | acne / ca IcD 4 Oct 2078
(if any): |
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Address:;
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iS oss cower
L Kenisinront
oxetp oxi Sap
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Section & Disciosure nn _” Only complete if the examiner needs to highlight material matters ofconcern. {seeCC32, Independent examination of.charity accounts:directions.and guidance for examiners).
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Give here brief details of any items that the - @xXaminer wishes to disclose.
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Oct 2018 ©
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