Chairman’s Report 2025 The hall is located on Kennington Road central to the village, it is adjacent to King George’s field, which became a subsidiary to the hall on March 24[th] 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 provide 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, Youth Club, Alternative Badminton Club and 4 members of the public. We are assisted by one Honorary Officer- our new treasurer Nhaid De Sa who took over from Fiona last year, the treasurer 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. The Wi-Fi has been altered and now we have full range throughout the hall. We have had a Fire Risk Assessment done this year resulting in further works being carried out in the Hall, this consists of the filling in of holes that could potentially allow fire to spread easily, door guards being fitted that close automatically in the event of the fire alarm going off and a general awareness of housekeeping and tidiness. The hall undergoes various maintenance throughout the year which is to be expected due to the age of the building. Bookings remain good and we have a wide variety of hirers using the hall and rooms. I would like to thank our staff and treasurer for helping keep the hall running smoothly. Colin Smith Chairman of KVHMC Sheet1 ## **KENNINGTON VILLAGE CENTRE** ## **Charity Land Account Income and Expenditure for year ended 31st Dec 2024** |**2022**|**2023**|**INCOME**|||| |---|---|---|---|---|---| |**£**|**£**||**£**|**£**|**£**| |||Lettings|||| |7,032.50|8,019.00|Village Organisations||7,531.00|| |13,129.00|19,525.00|Other Regular Organisations||22,114.00|| |7,477.25|7,682.00|Miscellaneous Lettings||10,847.00|| |27,638.75|35,226.00||||40,492.00| |0.00|0.00|Donations from Charity Land Account|||0.00| |||Interest||0.00|| |258.70|1,101.09|Bank and Other Savings||1,405.46|1,405.46| |||Rent and Other|||| |11,598.60|11,598.60|Kennington Club Premises||8,698.95|| |4,300.00|4,807.00|Oxfordshire County Library - Rent||3,985.50|| |2,249.71|2,542.86|Oxfordshire County Library - Services||1,440.62|| |300.00|300.00|Kennington Venture Youth Club||300.00|| |4,000.00|0|Misc. income|||| |22,448.31|19,248.46||||14425.07| |**50,345.76**|**55,575.55**||||56,322.53| |||**LESS EXPENDITURE**|||| |11,266.50|13,257.00|Caretaker, Bookings Manager etc|14,070.00|14,070.00|| |||Services|||| |4,538.63|8,351.01|Electricity|7,202.66||| |3,107.11|3,744.16|Gas|3,714.43||| |42.93|913.05|Water|899.04||| |38.31|178.56|Telephone/ Internet|510.32||| |886.64|977.24|Refuse Disposal|808.42||| |8,613.62|14,164.02|||13,134.87|| |||Cleaning|||| |193.12|0|Litter picking|539.25||| |13,130.16|14,856.26|Materials and Services|17,261.30||| |13,323.28|14,856.26|||17,800.55|| |||General|||| |2,295.88|2,100.00|Honoraria|2,502.50||| |11,796.58|5,716.29|Maintenance|9,061.48||| |2,148.96|2,389.66|Insurance|2,342.23||| |386.48|421.32|Performing Rights|281.60||| |168.46|103.00|Stationery and Postage|55.79||| |552.38|601.00|Miscellaneous Expenses|525.89||| |23.98|0.00|Computer Software|226.80||| |81.50|60.00|Bank Charges|60.00||| |0.00|0.00|Professional Fees|0.00||| |17,454.22|11,391.27|||15,056.29|| |8,789.95|8,919.69|Depreciation|8,665.00||| |(7,000.00)|(7,000.00)|Less Donations Reserve write off|(7,000.00)||| |1,789.95|1,919.69|||1665.00|61,727.00| |**52447.57**|**55588.24**||||| |(2,101.81)|(12.69)|**SURPLUS (DEFICIT) FOR YEAR**|||(5,405.47)| ## **KENNINGTON VILLAGE CENTRE** Page 1 Sheet1 ## **Charity Land Account Income and Expenditure for year ended 31st Dec 2024** |**2022**
**2023**
**£**
£
**INCOME**
358.24
322.85 Interest on Investments
244.44
932.07 Other investment Interest
(1,897.22)
699.34 Gains (Losses) on Investments Realised
(1,294.54)
1,954.26
**EXPENDITURE**
0.00
0.00 Contribution to Village Hall capital expenditure
0.00
0.00 Contribution to Village Hall revenue expenditure
(1,294.54)
1,954.26 **SURPLUS (DEFICIT) FOR YEAR**
**Cash Flow Statement year ended 31st December 2024**
**2022**
**2023**
**£**
**£**
(2,101.81)
(12.69) Operating Surplus (Deficit)
1,789.95
1,919.69 Depreciation
602.68
1,254.92 Charity Land Account Surplus (Deficit)*
290.82
3,161.92 TOTAL CASH INFLOWS
0.00
0.00 Net changes in CLA investments*
1,485.40
3,785.40 Capital Expenditure net of contributions received
2,483.82
(3,419.38) Working Capital Movement
3,969.22
366.02 TOTAL CASH OUTFLOWS
(3,678.40)
2,795.90 INCREASE (DECREASE) IN CASH
* Excluding unrealized gains or losses on investments
**Analysis of balances of cash**
**2022**
**2023**
**£**
**£**
2610.17
2657.63 CAF Cash Account
55971.90
57510.88 CAF Gold Account
1,428.79
1,491.41 CCLA Deposit Account - General
18,743.27
19,890.11 CCLA Deposit Account - CLA
10,000.00
10,000.00 CAF 60 Day Account
0.00
0.00 Cash in Hand
88,754.13
91,550.03
(3,678.40)
2,795.90 Change in year|**2024**
**£**
371.92
1,091.17
426.67
1,889.76
0.00
0.00
0.00
1,889.76
**£**
(5,405.47)
1,665.00
1,463.09
(2,277.38)
0.00
2,449.14
(1,744.27)
704.00
(2,981.00)
**£**
1601.52
54123.55
1,567.83
21,276.17
10,000.00
0.00
88,569.07
(2,981.00)|**2024**
**£**
371.92
1,091.17
426.67| |---|---|---| |||| |||1,889.76| |||**£**
(5,405.47)
1,665.00
1,463.09| |||(2,277.38)| |||0.00
2,449.14
(1,744.27)| |||704.00| |||| |||(2,981.00)| |||**£**
1601.52
54123.55
1,567.83
21,276.17
10,000.00
0.00| |||88,569.07| |||| |||(2,981.00)| **KENNINGTON VILLAGE CENTRE** Page 2 Sheet1 ## **Balance Sheet as at 31st December 2024** |**2023**
**£**
FIXED ASSETS
350,000.00 Buildings (gross)
(245,000.00) Less Cumulative Depreciation
9,413.35 Improvements and Equipment (net)
1,681.40 Furniture & Equip (net)
108.00 Computer Equip(net)
13954.78 Charity Land Investments
130,157.53
NET CURRENT ASSETS
2,657.63 CAF Cash Account
57,510.88 CAF Gold Account
1,491.41 CCLA Deposit Account - General
19,890.11 CCLA Deposit Account - CLA
10,000.00 CAF 60 day Notice Account
0.00 Cash in Hand
7,159.77 Sundry Debtors and Prepayments
(11,207.81)Less Sundry Creditors and Receipts in Advance
87,501.99
217,659.52TOTAL ASSETS
RESERVES
350,000.00 Donations Reserve
(245,000.00)Less written off
31,196.98 Charity Land Account
79,520.97 Surplus brought forward 1/1/24
1,941.57 Surplus (Deficit) for year to 31/12/24
217,659.52TOTAL RESERVES|**2024**
**2024**
**£**
**£**
**£**
350,000.00
(252,000.00)
98,000.00
8,753.00
3,191.89
42.00
11,986.89
14381.45
14,381.45
26,368.34
1601.52
54123.55
1,567.83
21,276.17
10,000.00
88569.07
0.00
7,529.30
(13,321.61)
-5792.31
82,776.76
207,145.00
350,000.00
(252,000.00)
98,000.00
28,085.00
86,465.00
(5,405.47)
81,060.00
207,145.00|**2024**
**2024**
**£**
**£**
**£**
350,000.00
(252,000.00)
98,000.00
8,753.00
3,191.89
42.00
11,986.89
14381.45
14,381.45
26,368.34
1601.52
54123.55
1,567.83
21,276.17
10,000.00
88569.07
0.00
7,529.30
(13,321.61)
-5792.31
82,776.76
207,145.00
350,000.00
(252,000.00)
98,000.00
28,085.00
86,465.00
(5,405.47)
81,060.00
207,145.00|**2024**
**2024**
**£**
**£**
**£**
350,000.00
(252,000.00)
98,000.00
8,753.00
3,191.89
42.00
11,986.89
14381.45
14,381.45
26,368.34
1601.52
54123.55
1,567.83
21,276.17
10,000.00
88569.07
0.00
7,529.30
(13,321.61)
-5792.31
82,776.76
207,145.00
350,000.00
(252,000.00)
98,000.00
28,085.00
86,465.00
(5,405.47)
81,060.00
207,145.00| |---|---|---|---| ||||| ||||207,145.00| Page 3 Sheet1 ## KENNINGTON VILLAGE CENTRE Statement of Financial Activities for the year ended 31st December 2024 |Note||General|DesignateEndowed|DesignateEndowed|Donation|Total|Total| |---|---|---|---|---|---|---|---| |||Fund|Funds|Fund|Reserve|Funds|Funds| |||||||2024|2023| |||£|£|£|£|£|| |INCOME AND EXPENDITURE|||||||| |Incoming Resources|||||||| |Rents||12984.45||||12984.45|16705.6| |Lettings||40492||||40492|35226| |Services provided||1440.62||||1440.62|2542.86| |Investment income||1405.46|1463.09|||2868.55|2356.01| |Other income||0||||0|0| |Total incoming resources||56322.53|1463|||57786|56831| |Resources expended|||||||| |Operating , Management|||||||| |and Administration of the|||||||| |Charities|2|61727.7|||7000|68727.7|62589| |Contribution to capital expen|12||0|||0|0| |Total resources expended||61728|0||7000|68728|62589| |Net incoming (outgoing)|||||||| |resources before transfers||-5405.47|1463||-7000|-10942|-5758| |Transfers|3||||||| |Net incoming (outgoing)|||||||| |resources for year||-5405.47|1463||-7000|-10942|-5758| |Other recognised gains|||||||| |and losses|||||||| |Unrealised gains (losses) on|||||||| |investment assets||0|427|||427|699.34| |Net movement in funds||-5405.47|1890||-7000|-10515.47|-5059.45| |Balances b/fwd at|||||||| |1st January 2023||86465|9694.34|16500|105000|217659.34|222718.34| |Balances c/fwd at|||||||| |31st December 2023||81059.53|11585|16500|98000|207145|217658.89| Page 4 Sheet1 Notes to the Accounts for the year ended 31st December 2024 ## 1 Accounting Policies ## See statement 2 Operating, Management and Administration of the Charities ||General|General|Donations|Donations|| |---|---|---|---|---|---| ||Fund|Fund|Reserve|Reserve|| ||2024|2023|2024||2023| ||£|£|£|£|| |Salaries of Caretaker & Bookings Mgr.|14070|13257|||| |Honorarium Treasurer|2502.5|2100|||| |Utility services|13134.87|14164.02|||| |Parish Council litter picking services|539.25|0|||| |Cleaning materials/services|17800.55|14856.26|||| |Building maintenance|9061|5716.29|||| |Insurance|2342|2389.66|||| |Other|611|1185.32|||| |Depreciation|1665|1919.69|7000||7000| ||61727|55588|7000||7000| 3 Transfer of funds There were no transfers of funds during the year. 4 ## Tangible Fixed Assets |Tangible Fixed Assets|||||| |---|---|---|---|---|---| ||Buildings|Building|Furniture|Total|| |||Improvementsand|||| ||||Equipment||| ||£|£|£|£|| |Cost|||||| |At 1st January 2024|350000|14392|20837.18||385229.18| |Additions|0|0|2449.14||2449.14| |Disposals|||||0| |At 31st December 2024|350000|14392|23286.32||387678.32| |Accumulated depreciation|||||| |At 1st January 2024|245000|4979|19048||269027| |Disposals|||0||0| |Charge for year|7000|660.35|1005||8665| |At 31st December 2024|252000|5639.35|20053||277692| |Net book value at|||||| |31st December 2024|98000|8753|3233.32||109987| |Fixed Asset Investments|||||| ||||2024||2023| ||||£|£|| 5 Page 5 6 7 8 |Sheet1||||| |---|---|---|---|---| |Fixed Interest Investments||||| |Market value 1 January 2024||13954||13255| |Additions||||| |Disposals||0||0| |Net unrealised investment gains (losses)||427||699| |Market value 31 December 2024||14381||13954| |Debtors and Prepayments||||| |||2024||2023| ||£||£|| |Insurance prepayment||1606||2197.8| |Debtors Control||5749.15||3485.03| |Sundry Debtors||174.15||795| |Water Rates Prepayment||0||173.54| |Performing Rights prepayment||0||3485.03| |HallMaster||0||795| |||0||173.54| |||7530||11105| |Cash at bank and in hand||||| |||2024||2023| ||£||£|| |CAF Cash Account||1601.52||2657.63| |CAF Gold Account||54123.55||57510.88| |CCLA Deposit Account - General||1567.83||1491.41| |CCLA Deposit Account - Charity Land||21276.17||19890.11| |CAF 60 day Notice Account||10000||10000| |Petty cash||0||0| |||88569||91551| |Liabilities due in one year||||| |||2024||2023| ||£||£|| |Sundry Creditors||7466||0| |Calber Facilities Management - cleaning services/materials||1220.06||1452.68| |Grundon Waste Management||0||52.76| |Utilities||150||4272.4| |Wages/Paye||2340.16||3578.6| |Oxford Direct Services||0||63| |Insurance||0||2397.66| |Hirers prepaid & Deposits held||2092||3450| |Castle Water||0||56.16| |EDF Energy||52.57||-4115.45| |||13322||11208| ## Donation Reserve The Donations Reserve relates to the Village Hall building, which was donated to the Centre by a fund raising Committee. The reserve is being written off each year in parallel to the building to which it relates. 9 Page 6 10 ## Sheet1 Endowed and Designated Funds |Endowed and Designated Funds||||||| |---|---|---|---|---|---|---| ||Balance|Resources Movements|||Balance|| ||45292|Incoming|Outgoing|||45657| ||£|£|£||£|| |Charity Land endowed|16500|||||16500| |Charity Land designated|9694|1463||427||11585| ||26194|1463||427||28085| 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 investments purchased from this sale is held in the Charity Land designated fund until allocated for use. 11 Analysis of Net Assets Between Funds ||Tangible|Investments|Net||Total|| |---|---|---|---|---|---|---| ||Fixed||Current|||| ||Assets||Assets|||| ||£|£|£||£|| |Charity Land endowed||14381||2119||16500| |Charity Land designated||||11585||11585| |General Fund|109879|||69181||179060| ||109879|14381||82885||207145| 12 Contributions to Capital / Revenue Received None during 2024 13 The Village Hall and King George’s Field Charities The accounts of Kennington Village Centre comprise those of two charities: 1. Kennington Village Hall 2. 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. The income relating to King George’s Field is derived from the following: 1. Kennington Club Premises - rent 2. Oxfordshire County Library - rent 3. Oxfordshire County Library - services 4. Kennington Venture Youth Club - rent and water services This totalled £18,653 in 2024 Expenditure on the Field charity is low and comprises a small amount of maintenance 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. Page 7 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Roport to the trustees KENNINGTON VILLAGE CENTRE On accounts for the year onded 31.12.2024 Charity no (if any) 300170 Set out on pages (remember lo Include the pa4e numbers ol addilionFJl sheeisl l ￿port to the trustees on my examination of the accounts of the above Gharity ("the Trust.) for the year ended L)L) I, Pijli I '1 Y'i.. Responsibilities and basis of report As the charitys trustees, you are responsible for the preparation of th8 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 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5Xb) of the Act. Independent Ffhe charity's gross income exceeded £250,000 and l am qualified lo examiner's statement undertake Ihe examination by being a qualified member of [insert name of applicable listed bodyJ]. Delete [ ] if not applicable. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below ') which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with seclion 130 of the Charities Act. or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requiremenls conceming Ihe form and content of accounts set out in the Charities (AGcounts 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 concems 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. Please delete the words in th8 brackets if they do not apply. Signed: Date: 31.5. ao8S Name: SANDRA WARD Relevant professional qualification(s) or body (if any): IER Oct 2018 Address: 15 ROSS COURT KENNINGTON OXFORD OX15AD Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts.. directions and guidance for examiners). Give here brief detalls of any items that the examiner wishes to disclose. IER Oct 2018