BRANSCOMBE VILLAGE HALL CHARITY NUMBER: 300n6 ACCOUNTS FOR THE YEAR ENOED 31 DECEMBER 2024
Bran8con*o Vlll8p Hall {Ch8rfty Numbor 3007761 Accounts for Year •nded 31 [lecber 2024 Contents Pa Pa Tru8taès Repc¢l Statem1 of TN8t888' R88pon81bllkl88 IndepeTrJgnl Examlnovs Rfjport Slalwnenl ol FInancI AclSvWas Balancg Sheot Note8 10 the Flnandal Slal8m8nts 8-12
Br•n8combe Vlllago HAII (Charlty Numb8r 300T16) TN8tee¥ Report for the Yoar onded 31 Oecembgr 2024 Roforonco and AdminiBtratlve DotallB Charrty name: BransCom1 VSllage Hal Reglslered number.. 300776 CharW8 prfndpal ad¢*8ss'. Branscom Vlllaoe Hall Branscomtr S6alon 08von EX12 3D8 Tru8to A Fuell D Lamb RKO M Flelden C Ngwman Rcox Bankgrs: Lk>yds Bank Seaton Indgpernlenl Examlnw.. We81colls ISW) LLP 30 Sl Peter Slreot Tlv8rlon Devon EX16 6NR Page I
Bron¥combg Vlllag• Hall (Charlty Number 300T161 Tru$to9s Reportfor the Yoar ended 31 Decèmb8r 2024 Stru¢tur• Gov•rn•nce and M•nagem8nt The charity is iegulaled by Twsl Deed dated 31 August 1951, and Scheme de¢umèrrt datèd 5th August 1993. The manag8menl committeo is assgmblgd f¥om Twslggs who are appolnled at the Amnud G8nwd Meeting. The Management Committe& CHAIR, Vice Chair, Treasurer and Bookings Officer ara TnJste&s. The OffScers are electgd at the Annual General Meeling. Further Trus188s may b& appolnled tiy the Olli¢eTS and AFpoinl8d Trustees Comitlee Meetings. There are two Appolnled Trustees able through th8lT long a8SCtiallon wrth the Hall. its wjrkings and aclivilies. and their occupatlonal Bkllls to provldg advloe and guidance. All Trustees are requlrod to r&ad atyj slgn an Ellglbllrty Slalemenl. Oblacllv•s •nd Actlvlll The oLlecl ol the charfty 18 the provislon and mabnlonanoe of a Vlllage Hall and grounds for the use of the Inhabttants ol Ihe Pailsh ol Bran8combe. The lacilllies Include th& mn v111a hall as well as a playground, Grfckat pavillon. Ionnls oourt, snooker foom. sport8 Ileld, pubk lollets and Qar parklng. Tha Trust8gs enoourage users lo aitend and conlrlbute al meellngs. Bran8eomL* Parlsh Councll, 8ran5comb8 C of E Prlmary School PTFA, BranOMb& Crieket Club. 8rans¢ornbg Prc4gcl. aThJ Ihg BrSllsh Legion have appolnled represenlallves. The Trustees alm to provlde excelf8nt and affordab lacllllles. regularly b8nchmarklng quallly and prlee structure with slmllar enli1186. Events and availabilily are Fyomoted localty Ihrough varlous medla 5ncludlng tho Parlsh Magazine. Social Media channels are ullllsed lo engage a wider publlc. The pu¢ benefll guldanee of tho Charhl95 Cc¥nmlsslon Is nsIdered dudng meetlngs. The Trustees and user Groups regularly provlde volunteers lo as8161 vhth events. Achl•v8ment and perlormanc• The Vlllag8 Hall Trustees are pl8a88d lo have a base ol core users and to hov9 hos19d weddlngs, christenlnlls, annlversarles, memorla18. and communlly lesllvals durlng the year. The annu Ilrework displays axperlenced poor weather stil gaining pra¢88 from attendees, nolabty from vlsltots. Suffkienl lunds are sel aslde as restred in advancg lor 2025. The pavlllon has Sgen118 Ilr81 lull crlckel 88a8on.11 was th8 venu8 for twelvg prlvale prlmarlly sodal funcllons wllh very posSlive 188(bao The playground improvèment centred on a rgPlamenI swing younger chlldren. The ccmrnittee was L¥alelul io Tecelv¢ 8UPPOrt lurxllng Ircfn the ParSsh Counc51 and able lo absorb the expew¥Jf(ure durlng the year. Thg new w8bslt8 operat8d ihroughoul th8 year bmIng the prlnclpal mode ol hall booklThJ$. Tha outcome for unreslrlcled funds was a dgfldt of £9,209 marglnally tter than anlicipated. The prInP In¢cTh¢ str8Bms continue to bg well donallons and hall rent a pleaslng contribulion through the bar. Th8 Truslog's Is lo sustain the amonltSès avallablg lo tha k)cal communlty and vlsrtors lo the Parish. FINANCIAL REVIEW Raserves Pollcy The Trust89s assess that tho reserves shcMJkJ as a mlnknum be 8ufflclent to m8et maior repaSr to the Hall Bulkllng and Ils essential s8Nic8s. and adequate to servic8 slx months H1 wnning c051s. The ground hgat purnps. and solw panel array are sn[leat inslajlatlons which 11 requlKe lulure renewal. The Trustegs avaluale these sums as t50,000 linstallalionsl and £8,000 Irunnlng cost81. Unspent reseryes al 31 D8¢gmber 2024 werè £209,354 and not ciJrr8ni asset8 w& £66,261. Thls Is eonsidargd lo bg a(lequate for the Charity's d)ltIveS. Page 2
Bv•n•oomb• Vlll•g• H•U (CParlty kn1 300776) g8nwatsd 8n rweof£29.019120¥J. £22.9291. b•fore W$10nS ts)talW £28.7e6 {2. £19013k ReluonI ofthe Iwll MIty•, and et8evth8re on th• FThnises w88 experwl tn thè yw. dimato chaNJw rkks arnl corstrwth 08calakn 8lttng thè marf 8fKI 8uYvry rwalLdon of H1 rebuild reqUIrnan*. contrd tt riskn. Datod 14 MA4 Page 3
Bran&¢ombb Vlllage Hall {Charlty Numbw 300776) Accounts tor tho Y•ar •nd•d 31 D•combor 2024 Stat8m&nt of Trustees. Responsibilities The Trustees are requSred lo prepare fInal 8taternen18 for each Ilnanclal year which glve a true and Ir eW of Ihg slate ol allrS ol the Chartty and ol the excess ol incom8 over exndItur6. In yeparfno th08e flnancial statwngnls. generally accepted accounllng practl¢e enlaS1s that th& Trusl88S.' select sultable accounllng pJllcles and apply Iham con8lslentty. observg lh8 m8thods and prinoip18s In Ihg Gharios SORP and FRS 102; mokg ludgemonts and esllmalgs Ihal are reascwablo Frfudenl. slatè whelhar the flnanclal statements comply wllh Ihè tru81 deed 8ublect lo any malerfal departures dlsck8&d a1 gxplained In thè Ilnanclal statements. prepare th6 Ilnan¢lal stal8m8nls on the golng corthrn basls unlè88 18 Inapproprkqle lo presume that the charlly wlll continu8 in operation. Thg Trustoes are rgqulrgd to aot In accordancg wllh Ihg trust deod and Ihg ru19s of th9 Charhy. wllhln the Ir8rneworf( ol charlty law. They are r8sponslble lor kèeplng propèr auntIng r&cords, whl¢h dlsclos8, th r8asonabl& accLYacy, al any Ilrne the IInancl FX)slllon ol th8 Charlty. They are alBO responsSble for lakSng sh steps as are reasonably open lo them lo salogU8Td th8 •SS8ts ol th8 Charity to PTgv8nl and d919¢X Iraud and othér iTh8gularfll8s. Page 4
Br•n$¢omb& Vlllogg Hall (Ch8rfly Numb•r 300n61 Indoponthnt Ex•mlner'$ Rgport lo tho Trustogs ol BranOMb0 Vlllagg Hall I report io lh8 tru8lee8 on my examlnallon ol the accoun18 01 Ihe Branscombe Village Hall for the year ended 31 Do¢ener 2024. Responslbllltlgs and ba¥1$ ol rwrt As the chartty truslg9s of lh9 Branornbe Vlllag9 Hall you are rgsponslblg for th9 FX9parallon ol Ihg acco15 In accordance wlth requlremenls ol Ilw Charllles Acl 2011 Ilhe N£t'l. I rgport in ra5PeCt ol my examination ol the Charity's a¢¢ounts wried OLrt under section 145 of the 2011 Act and in carryirrtJ out my examination I have followed all Ihg applloabbg Olrecllons gN8n by Ihg Charity CommissJn under section 145(Sllbl ol the Act. Indopendont exam1 8talement I hav8 c¢Jmpleled my examlnalkn. I conllrm Ihal no matarlal matter8 hav8 comè lo my attenilon In cotw)ecllon th the examinalbn glvlng me cause lo bellev& that In any malerlal respecl: 1. aecountlng record5 were not kept In respecl ol Ihe regulred by Bectlon 130 01 the Act,. or 2. Ihg aOUnts dj aord th th089 records., ¢y 3. Ihg awjunts du r¥)1 comply wNh th9 appllcablg rgqulremonts concgrnlng thg form and content of accounts sèt OLk In thè Charitles [AunIS and Aeportsl R9gulallons 2008 olhw than any r9qulrgmonl that tha accourrts glve a Irue arKI lar vlew which 1$ not a matter consldgred as pwl of an Ind8p8nd&nt examlnallon. I have no conc8rn8 and have Ccffjè across no other matters In connectlon wth the ex8mlnallon lo whlch allenlion should be drawn In Ihls report In 08r lo enable a und8rstaThYlng ol Ihg accounts lo be reached. Slgned.. Mandy Fr&nch FCCA Westcotts ISW) LLP 30 St Peter Street Tlverton D8von EX16 6NR Date: ¥ JupJE a02S Page 5
Branscombe VHlage Hall {Charlty Numb8r 300T161 Accounls for tho Year end•d 31 D0¢wnr Statement of Flnanoiol Acllvltlo8 2024 Totol Funds 2023 Total Fund$ Noto Unrestrlet Fund¥ RtrICt$d Funds Income Donatlons Rent ol Hall & Pavillion Playground Donatlons Pavllion Donations Firework D18pLqy Donations Tennls Snooker Chrlslrnas Tre88 Publlc Tollèt Lollery 88rlSctld Club Branoc Well Bank Interest EDF energy BTISweb pol88 Other To¢al Incomo 795 7,827 795 7,827 16 5.253 500 20.900 2,456 11761 2,456 11761 25 1,069 274 217 272 4,458 9,962 954 2.571 71 524 25 1,069 274 217 272 4.458 9,962 954 2,571 71 524 54 686 253 164 335 1.849 10.446 1,364 71 Exp•ndltum Cleaning El8clrlcily Water Insuran LIc9nsgS Repairs and Renewals Equipment Grass cuttin Hedglng Telephone Coronation Event Legal & Prolg88lonal Car Park Toilet ma+nlenBnc8 Playground Repairs and Inspedlon Crlckel Pavlllon Malnlenaneè Webslt 5,755 4.528 1,016 2,606 982 3,975 5,755 4,528 1,016 2.606 982 3.975 S.187 4.707 967 1.444 179 2,481 203 561 561 72 1,620 204 1,513 3,531 432 182 292 1.589 2,902 6,540 1,620 204 1,513 3,531 432 182 292 1.589 2,902 6,540 369 98 309 1.457 159 1,003 2,293 Misc8llaneou8 ExpendrtLW8 HJI renovation 8inknng lund D9preclatlon Total Expondltur• Ex¢o8sIIDofl¢ltl ol Income ov•r Expondlture Transfe L*lw&en funds (9,2091 2,956 16,V291 15,189 12,9561 Balare &ought Forward 214,002 2,281 216,283 201,094 Bace Carrled Forward 216283 l ol the Charits activities derive Ircffl continuing cparth'cs during the above two periods. Tho nolgs on pages 8 to 11 form part ofthe5e acwunls Page 6
Brnrtheomb• Vlll•gè 11 (Clwjty Nuth W0776) Totrl Yotsl Fund• Hall Car P8rf Sprts Fjold & 66.313 1.891 54.491 37.376 1,891 Playwk &Terds CoL¥t EqJpM•nt 34.706 34.706 158M2 2.510 Branrnb• swal Club 10.445 10.445 D•btoM 64,123 67 477 So&d Cli Pr•paym•nt$ erw Well 4T1 1,744 1.744 Curr•nl U•bllltlA• Crwlltorn and d•poJlts h•ld 62432 U•blllll•• .113 229,140 (15,7591 (15.7591 {12,857) 216 207.749 214.ClY Ae8tr1cted Furds 2.281 14M 4 agas &grd on th8lr bBII by not•s on pag888 to 11 fcm part ofltr** aoUnts Page 7
Bran8combo Vlllag6 TrIAII Ichorlty Number 300776} Notas to tho Accounts for th• ond•d 31 D&cwnbor X124 1 Prfn¢lpal Accounllng Polldes 1.1 Ba¥ls of prgparalloTr The Ilnanclal statemgnls hav9 bggn prgpar&l und9r th9 hIstc¢al cost convgntion and In accordance with the CharNies SORP IFRS 1021, 'ACOunting and Reporting by Chaiilies.. Slalemenl ol Rgo)mm8tYlgd Practic& applicable to charities weparing their accounts in aceordarte with the Flnan¢ial Flèportlng Standard appllcabl8 In the UK and Rgpubli¢ ol IrelaNI IFRS 1021 l¢lle¢tive 1 January 20191,. FInar1 Reportlng Standard 102 and the Companle8 Ad 2006. 1.2 Incomo All Incomg Is rgwnlsgd Or Ihg oharlty has onli11gment lo the resources, rt la certaSn that the resourc88 wlll be iecelved. and the monetary value can be measured with sufficlent rellabllmy. Investment incomg Income from Inve8lment Is SnclLAdgd In Ihg ygar In vthlch 51 Is reCeable, 1.3 Expendltur• Llabilllles are recognlsed as Expendrture as soon as Ihgro Is a logal or constructlva obllgatlon commlttlro the charlty lo the expendllure. All exwndllure Is accounted lor on an ac¢W,8 basls. 1.4 Taxatlon Under secllon S)5 ICTA 1988 the charlty Is gXWPt Irorn c8rtaln t&Ye8. Full accotsnl18 laken ol l&% credhs allachlng lo glfts and qualllylng donatlon8. 1.5 Valuo add•d tax The oharty 58 nol reglslered fix value added tax. Irre¢ov8rablo valua athjod lax15 aggregated along wllh thè xpendltur& lo whlch N r8lal88. 1.8 Exompllon trom proporlng a cash flow statement The chartty opted lo adopt Bullelln 1 publlshed on 2 Fdjruary 2016 and havo thorofore not Included a cash flow slatement these Ilnanclal slatgm8nts. 1.8 Fund accounllng Th9 unregtrfcted fund has arf89nthrough g9ngral lunthalslng, unT85trScted donallons and surpluses Irem pursulno th8 charlly's oblectlves. Reslrleted funds can only be used Iw particular r8Strlcled purposes wilhln the otleds ol the charlty. Restrlcllons arlsg when specilled by th8 donor or when fund are ralsod for partlcular rgslrlcled purposes. Thg cosl of raislng and adrnini$lering such funds are charged against the specllic lund. Further explanation ol the nature and purpose of each fund is Included In the notes lo the Ilnanclal slatements. Page 8
Br•nscombo Vlllagg Hall IChArlty Number 300776) Nolos 10 th• A¢¢ount$ for th• yaar endod 31 Dacember 2024 2 .1 Depreciation Depreciation is cakulaled lo write d¢)wn the Cost. Ipss eimed residual value, of 811 langlbla, movabb Ilxed &ssels over Iheir exwed useful lives as follows- H1 strahlI1n8 basss over 50 years Sports Field Shed Slraighlllne basls over 15 ygars Pavilion SITaighlllne basls ov&r 40 y8ars Playpark Slraighlline basis over 15 years Equlpm&nl 15LIA reduclng balanca basls 2 .2 Rgnthiil$ Following Ihg completlon ol the renovailon ol the Hall th8 ITUSteès are ol the opinksn that It VUkI be approyialB to sel funds aside lo rn8el lulure obllgallon8 01 a slmilar natur8. A sinklng fund was initialed in 2011 vlth £2,500. Approxlmalely 10% ol Total Incoming Resources Is ai*l8d oach year. In 2024 this amounts lo £2,902. Th8 amounl has bgen delgrmlned n th8 basls of the natur8 and amount of the expenditure, bts gsllmalod gcon¢Jmlc Ill& and tha an15cipaled1gvel ol lundlng from grants èt¢ achleved hL8torfcally, 88 lollow8'. expèndllur• Grant• Lll• Y••r• EOOO Roof Heallng Systèm Kllchen Floor Other 100 100 35 Bo 80 28 12 12 10 10 3 Ftxod A•t1 pi lold 56,052 Co81 al 01.01.24 Addlllon8 67,666 1,891 40,046 22.820 188,475 Cost al 31.12.24 Accumulated Depreclatlon at 01.01.24 1,353 1.s61 2.670 17,499 23,083 Depreciation lor year 1,353 1,719 2.670 798 6,540 Acc. Dgpr•cl•llon •131.1Z24 280 Ngt Book Valu• al 31.1124 Nel Bts)k Value at 31.12.23 4 Provlslon8 2024 2023 H1 renovallon slnkjng fund op8nlng balar 12,857 33,700 Renovallon of fac11188 in year 23.136 2,293 Provislon In year 2,902 Closlng Balance 15,759 12,857 Page 9
Br•n8combo Vlll•g• Hall (Ch•rfty Numb•r 300776) Not•6 lo Ihe Accounts tor the yr ondgd 31 Docember 2W24 5 Anafy•ls of not as•¢18 b•tw••n lunds Unr•$trl¢l•d Funds Total Funds al G8neral 3108cemb8r 2024 Tanglble I1¥ assels 158,852 158,852 Curr9nt As$8t$ 66,575 68.180 Gurr8nt Liabllltios 11.9191 11,9191 Pro800n8 115,7591 115,7591 Total Net A6sot8 207.749 209.354 S AMly•h ot nol •••o1• botw•on fund• Unrg¥lrlcl•d Fund¥ Tol•l Fundj JI Gen1 31 Docomb•r 2023 Tanglblè Ilx&l èss8t$ 165,392 165,392 Currènt Assot$ 86,683 Curr8nt Llabllitl88 15,1961 15,916 Provlslons {12,8571 112,85n Total Net Assets 214,002 216,283 O Funds B•lon¢e •t 1 Inoomlng Ao8our¢•J Tr•nfjf•r Bal•nc• al J•nuary 2024 Rosourco¥ Exp9ndgd 31 DK•mb•r 2024 unrtrIct8d FurKI• Genaral Funds 214,002 29,019 38,228 2.956 207.749 Balancè it 1 In¢¢mlng Resourco Transfer Balonco et January 2023 Rosourc•¥ Exp•nd•d 31 December 2023 UnTeStrlthd Fund• General FU1$ 1.223 22.929 28,629 23.479 214.002 Page 10
Br•ns¢omb• Vlllagg Hjll Ichorlty Number 300776) Notes to the Accounts lor the year ondod 31 Decembor 2024 7 Re8trlct•d Funds Balance al 1 Incomlng Rosourc•s Transtor Bal•n¢o at January 2024 Re4ourcè8 Expended 31 D•¢•mber 2024 PavSllkin donallon8 2,456 12,4561 Flrework dIsaY dcallonS Playgiound Glft Ald reGIrn 1,781 11761 1,605 5C4J 15CIII 2.281 2.456 11761 { 2,9561 1,605 Bolance at I Ineomlng RKource8 Tranfjl•r January 2023 R•Jourc Exp•nd•d 31 DOCnber 2023 Pavllllon thinatlon6 2,S79 20,900 123,4791 Flrework D18Ptay Donallon8 2,292 1,781 Playground Glft Ald Rgclalm 5CQ 4,871 21,4LTh) 15111 123,4791 2,281 8 Brnnoc Wo11 Donatlons we recelved Ihiough the deposft ol cash Into the Villagè Hall wèll whlch are unabl8 lo bè 8eparalely cateoorfsed. The mlorhy of ihls Income wlll relate to parklng and use ol the tennlB Court. 9 Slatt Co•ts The Hall has no employge$12023 nlll. Wage$ are pald lo self-employed lor bar manaoemenl. oosual kllohen. and ¢osual bar 8lafl. All olh8r ¥Ik is undertaken on an unremunerated volunteer basis. 10 Trtl roMw8r1on •nd expen8 No travel or subs1ster9 payTronts havg bggn made to TnJste95. Trustee5 arg rgtrnl)ur5ed lor $pg¢Klc purchases on bghaw ol Ihe Hall uslng personal delyt or Cfedit cards Ilhe Hall has neither facility). 11 Rdatsd P¥ty Transaction• There were reLatad partytran$action8 in the year12023- nlll Page 11