THE CRANTOCK VILLAGE HALL AND RECREATION GROUND CHARITY Registered Charity No.. 300532 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024
THE CRANTOCK VILLAGE HALL AND RECREATION GROUND CHARITY CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Page 1 General Informab'on Page 2 Report of the Trustees Page 3 Independent Examinerfs Report Page 4 Statement of Financial Activities for the year ended 31 August 2024 Page 5 Balance Sheet as al 31 August 2024 Pages 6- 10 Notes lo the accounts
THE CRANTOCK VILLAGE HALL AND RECREATION GROUND CHARITY General Information for the ear ended 31 Au ust 2024 Trustees MrsJECox MrFACox Mr G Champion Mr T Craggs Secretary MrsJECox Treasurer Mr G Champion Chaiity Contact Address MrFACox Sandy Ridge Beach Road Cranlock Cornwall TR8 SRN Registered Charity No.. 300532 AccoLtntants Whilakers Chartered Accounlanls Bryndon House 517 Berry Road Newquay Cornwall TR7 1AD Page I
THE CRANTOCK VILLAGE HALL AND RECREATION GROUND CHARITY Trustees Annual Re ort for the ear nded 31 Au ust 20 The Trustees present their report with the Financial Statements for the year ended 31 August 2024 Re islered Charil Number 300532 vernance The Charity is governed by a Trust Deed and the scheme approved by the Charity Commissioners lor England and Wales on 15 September 1995 and amen(led 5 June 2000. Management of the Charity's affairs is conducted by a duly elected Committee. Ob'ects of the Chari The Charity's objects are the provision and maintenance of the Viltage Hall and Recreation Ground. Halwyn Road ,Crantock TR8 5RT. Trustees The Tnjstees during the period under review are as per the li510ft page 1. Achieve and Performanc Financial Re The overall loss for the year was £5,979. Last year wa5 a Profil of £22.743. The lime the Committee members spent ensuring parking income kept our liquid funds at a very sali5faclory level. The Trustees investment poliGy IS to place any surplus funds on high interest deposit lo obtain the best rale of return. A reserve5 level of £18.000, moved on dep0511, is considered neGessary. Reserves Polic All the reserves of the Charity are deemed for the objeds of the Charty. The Tru51ees consider that the balance of funds 8t the year end is required to sustain the continuing operations of the Charity. As stated above two years operating Costs have been transferred lo a Bank Reserve account to ring fence these reserves lo ensure the Gharily continues as a going concem. Volunteer Hel Various local individuals donate their time in keeping the surrounding areas neat and tidy. and helping parking operations. Risk Mana ement Review The Trustees have conducted their own review of the major risks to which the Charity is exposed and systems have been established lo mitigate these risks. Inlemal risks are minimised by the implementation of procedures for aulhorisation of 811 transactions. On behalf of the Trustees MRFACOX Chairman 8 October 2024 Page 2
INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS REPORT TO THE TRUSTEES OF THE CRANTOCK VILLAGE HALL AND RECREATION GROUND CHARITY ON ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 SET OUT ON PA ES4T010 Respective responsibilities of Trustees and Examiner As the Charity's Trustees you are tesponsible for the preparation of the accounts. You consider that the audit requirement of Section 144121 of the Charities Act 2011 (the 2011 Act) is not reqLJired and that an independent examination is needed. 11 is my responsibility lo'.- examine the accounts under Section 145 of the 2011 Act lo follow the procedures laid down in the General Directions given by the Charity Commission (Under Section 14515llbl of the 2011 Act and lo state whether particular matters have come to my attention Basis of Independent Examinerfs Report My examination was carried out in accordance with the General Directions gwen by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit. and consequently I do not express an opinion as to whether the accounts present a 'lrue and fairf, vw and the Report is limited to those mallers sel out in the statement below. Independent Examlner's Statement In connection with my examination, no matter has come to my attention.. 1} Which gives me reasonable cause lo believe that in any material respect the requirements lo keep accounting records in accordance with Section 130 of the 2011 Act.. and lo prepare accounts which accord with the accounting records and lo comply wlh the accounting requirements of the 2011 Ael have not been mel", or 21 to which, in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. Date e November 2024 S G HAWKEY FCA Whilakers Chartered Accounlanls Bryndon House 517 Berry Road Newquay Cornwall TR7 1AD Page 3
THE CRANTOCK VILLAGE HALL AND RECREATION GROUND CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Notes Endowement Unrestricted Funds Funds Totsl 2024 Total 2023 INCOMING RESOURSES Donations and Grants Charitable Activities Other Trading Activities Investments Other income 18,179 29,944 393 114 30.297 712 211 30,297 712 211 TOTAL INCOME RESOURSES 31.220 31,220 48,630 RESOURCES EXPENDED Expenditure on'.- Charitable Activities 37.199 37,199 25.887 TOTAL RESOURCES EXPENDED 37,199 37,199 25,887 NET INCOMEIIEXPENDITUREI Gross Transfers Between Funds Funds at 1 September 2023 -5,979 -66,361 165,067 -5,979 22,743 66,361 429,223 594,290 571,547 Funds at 31 August 2024 10 £495.584 £92,727 £588.311 £594,290 Page 4
THE CRANTOCK VILLAGE HALL AND RECREATION GROUND BALANCE SHEET AS AT 31 AUGUST 2024 Notes Endowment Unre$triGled Funds Funds Total 2024 Total 2023 FIXED ASSETS Tangible Assets Property as revalued Additions al Cost 83,423 412,161 83,423 412,161 83,423 345,800 495.584 495,584 429,223 Equipment- Village Hall Play Equipment 28.922 14.311 28,922 14,311 20,337 18,549 Total Fixed Assets 495.584 43,233 538,817 468.109 CURRENT ASSETS Debtors Cash * Bank and in Hand 6,307 44,842 6,307 44.842 3.975 124,485 51,149 51.149 128,460 CREDITORS Amounts falling due wrthin one year -1.655 -1.655 -2,279 Net Current Assets 49,494 49.494 126,181 TOTAL ASSE LIABILITIES LESS CURRENT £ 495.584 £ 92,727 £ 588,311 £ 594,290 NDS OF THE CHARITY Unrestricted Funds Endowment Funds 92,727 92,727 495,584 165,067 429,223 495.584 495,584 £ 92.727 £ 588,311 £ 594,290 Approved 811012024 FACOX Chairman Page 5
THE CRANTOCK VILLAGE HALL AND RECREATION GROUND CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 Note 3 2024 Unrestricted Funds Prior Year Donations and Grants Donations Govemment Grant5 890 17,289 18.179 Charitable Activiti EV Charging Income Hall and Equipment Hire Car Parking 480 15,621 14,196 15,135 14,809 30,297 29,944 Other Tradin Activities Fundraising Events Monthly Draw 712 393 712 393 Note 4 enditure on Charitable Activi ies Travellers Incident Licence costs Broadband costs Light and Heat Water Rates Insurance Repairs, Renewals & Maintenance Cleaning Costs & Materials Parish Magazine Printing & Postage Sundries Website Costs Depreciation Professional Examination Fee 4,360 159 495 3,383 554 3.625 6.071 3,429 100 29 420 14 14.410 150 104 305 3.762 951 1,800 2,865 2,838 100 36 14 12,962 150 37,199 25,887 Page 8
THE CRANTOCK VILLAGE HALL AND RECREATION GROUND CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 This Year Last Year Note 5 Fees for examinlalion of the acco Independent Examinerf8 Fee 150 150 Note 6 Tan or Valuation Freehold Land & Buildings Village Hall Equipment Playground Equipment Total Al 1 September 2023 Additions Disposals 429,223 66,361 63,317 18,225 113,635 532 606,175 85,118 At 31 August 2024 495,584 81.542 114.167 691.293 Depreciation 25°/oRB Al I September 2023 42.980 95,086 138.066 Depreciation 9,640 4,770 14.410 Al 31 August 2024 52,620 99,856 152.476 Net book value al the beginning of the year 429,223 20,337 18,549 468,109 Nel book value at the end DI the year 495.584 28,922 14,311 538,817 Note 7 Debtors and Pre Trade Debtors Prepayments and Accrued Income ments 84 6,223 535 3,440 Note 8 Creditors and Accruals fallin Trade Creditors Accruals 3,975 due within one 1,654 2,279 1,654 2.279 Note 9 Trustee Remuneration and Benefit None of the Trustees have been paid any remuneration or received any other benefits from an employment with the Charity- No Trustee expenses have been incurred. Page 9
THE CRANTOCK VILLAGE HALL AND RECREATION GROUND CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2024 Note 10 nd Anal sis All designated for the object of the Charity Alas 01.09.23 Movement in Yeai Asal 31.08.24 Income Funds Endowment Funds- Cost Endowment Funds - Revaluation 165.C67 340,304 88,919 -72.340 66.361 92.727 406.665 88,919 £ 594,290 -£ 5,979 £ 588,311 Page 10