Charity registration number". 300968 Slapton Village Hall Annual Report and Finall¢ial Statements for the Year Ended 3 1 Mawh 2025
Slapton Village Hall Contejjts (continued) Reference and Administrative Detsils Trustees, Report 2to3 Stat¢rnent of Trustees, Responsibilities Independent Examiner's Report Stateent of Financial Activities Balance Sheet Notes to the Financial Ststements 8t015
Slapton Village Hall Reference and Administrative Details Trustees Mrs Charlotte Louis Carter Mrs Sue Staines Mr Stephen Collier Miss Angela Susan WAlter Mrs Jane Ellzabeth Abbey MTS Sarah Jane Osborne Mrs ShiTley Anne Sullock Mr5 Amanda Jane Mitehetmore Mr William Arthur Sullock 300968 Charity Registration Number Prineipal Office Wood Lane Slapton Kingsbridtwe Devon TQ72QZ Neil Carter 34 Victoria Road Darttnouth Devon ndependtnt Examiner TQ6 9SA Page I
Slapton Village Hall Trustee5' Report The trustees present the annual report together with the fanCIal statements of the charity for the year ended 31 March 2025. Objeetives and actlvities Public beneJl¢ Slapton Village Hall is held in Trust for the use of the inhabitants of the Parish of Slapton and the neighbourhood in the County of Devon. Its us¢ is for meetings, education, T¢creation and leisure o¢cupations with the object of improving the conditlOIls of life in the above area of benefit. The tteeS CoDfir that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the publi¢ benefit guidance published by th¢ Charity Commission for England and Wales. Structwre. governallee and managernellt Financial instruments objec11v undpolicies The charity's activities expose it to a number of fllwicial risks including ¢redit risK cash flow risk and liquidity risk. Th¢ use of financial d¢rivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on tbe use of financial derivatives to manage the5¢ risks. The charity does not use derivative fmanci81 instnllnents for speculative purposes. Cushflow risk The charity'5 activities expose it primarily to the financial risks of changes in foreign currency exchange rates at]d interest rates. The charity uses forei exchange forward contracts and interest rate swap Contracts to hedge these exposures. Interest bearing assets and liabilRties axe held at fixed rdte to ensure certainty of cash flows. Credit risk The charity's principal f]nan¢ial ass¢ts are bat)k balan¢es and cash, trad¢ and other receivables, and investments. The charity's credit risk is primarily attributsble to its trade ieceivables. The amounts Presented in the balanc¢ sheet are net of allowances for doubtful receivabl¢s. An allowance for impairment is made wheie there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows. The credit risk on liquid funds and derivative ftial instrument5 is limited be¢ause the counterparties are bank5 With high credit-rating5 assied by international credit-rating agencies. The charsty has no significant concentration of credit risL with exposure spread over a large number of counterparties and customers. Liquidity rAsk In order to maintain liquidity to ensure that sufficient funds are available for ollgoing operations aDd tUre developments. the charity uses a mixture of long-terni and short-terni debi fallC¢. Fwtber details regarding liquidity risk can be found in the Statement of a¢countitig policies in the fmancial staternents. The annual report was approved by the trust¢es of the c]wity on 30 January 2026 and Signed on its behalf by.. Page 2
Slapton Villag¢ Hall Trustees, Report (conlinued) Mrs Charlotte Louis Carter Trnstee Page 3
Slapton Village Hall Statement of Trustees, Responsibilities The tru5tee5 are responsible for preparing the trustees, report and the fancial statements in accordance with the United Kingdom Accounting Stand3Jds (United Kingdom Generally Accepted A¢¢ounting Practice) and applicable law and regulations. The law applicable to Charities requires the trustees to prepare flliancial statements for each financial year which give a ttue and fair view of the state of affairs of the tharity and of the incoming resowces and application of resources of the charity for that period. In preparing these fmancial statements, the trustees gre required to.. select suitable accounting policie5 and then apply them consistently. observe the methods and principles in the Charities SORP. make judg¢Tnents and estimates that are re&50nable and prudent. State whether applicabl¢ accounting stslldards have been followel subject to any material departures disclosed and explained in the fancial statements. and prepare the financial statements on the going concern basis unless it is inappropriat¢ to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accura¢y at any time the fmancial position of the charity and enable them to ensure that the fancial Statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the COnStItIon. The trustees are also responsible for safeguarding the assets of the charity alld bence for taking re&onable steps for the prevention and detection of fraud and other irregularities. The trustees are r¢sponsible for the maintenance and integity of the corporate and fll)ancial information included on the charitable company's website. Legislation governing the PTeparation and dissemination of financial statements nMy differ from legislation iti other jurisdictions. Approved by the tees of the charity on 30 January 2026 and signed on its behalf by.. hlotte Tntee uis Carter Page 4
Slapton Village Hall Independent Examiner's Report to the trustees of Slapton Village Hall I report to the trtees on Jny examination of the accounts of Slapton Village Hall for the year ended 31 March 2025. Responslbllities and basis of report As the charity ttustees of Slapton Village Hall you are responsible for the preparation of the accounts tn accordance with the requiretll¢nts of the CharÈti¢5 Act 2011 ('the Act.). I report in respect of my examination of the Slapton Village Hall'5 accounts carried out under section 145 of the 201 l Act and in carrying out my examination I have followed als the applicable Directions oiven by the Charity Commission under sectiOD 145(5)(b) of tbe Act. llldependent examiner's ststement I have completed my examination. I collfirm that rAo material matters have come to my attention in comiection with the examination giving me cause to believe that in any material resp¢¢t.' l. aOunt1ng records were Doi kept in respect of Slapton Village Hall as required by section 130 of the Act- or 2. the ac¢ounts do not accord with those records. or 3. the accounts do not comply Mith the cOUntIng requirements concerning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other thall any requirement that the account5 give a 'ttue and fair vtew, whi¢h is not a matter considered as parc of an independent examin2ti0n. I hav¢ no concerns and have come across no other matters in connection the examination to which attention should be drawi in this report in order to enable a proper under%tanding of the accounts to be reached. Neil Carter ICAEW 34 Virtoria Road Darthiouth Devon TQ6 9SA 30 January 2026 Page 5
Slapton Village Hall Statement of Financial Activities for the Ycar Ended 31 March 2025 Unrestricted funds Total 2025 Note Income and Endowments from: Donations and legacies Investtnent income Other income 22,583 336 12,840 22,583 336 12,840 Total income 35,759 35,759 Expenditure OD: Charitable activities (38,707) (38,7071 Total expenditure Net expenditure (38.707) 38.707 2,948) 2,948 Net movernent in fi]nds (2,948) (2,948) Reconciliation of funds Total fijnds brougbt forward 21,716 21.716 Total funds carried forward 12 18,768 Unrestricted funds 18,768 Total 2024 Note Incojlle and Endowments from: Donations and legacies Investment illCOllLe Other income 132 232 9.786 132 232 9,786 Totsl income 10.150 10.150 Expenditure oll.. Chariiable activities (10,004} 10,004) Total expenditure Net income 10,004 (10,004 146 146 Net movement in funds 146 Reconciliation of fund5 Total funds brought forward 21,570 21.570 Total funds carried forward 12 21.716 21.716 All of the charity'5 activities derive from continuing operations during the above two periods. The funds breakdown for 2024 is shown in note 12. The notes on pages 8 to 15 form an integral part of these financial statements. Page 6
Slapton Village Hall (R¢gistration number: 300968) Balajjce Sheet 2$ at 31 Mareb 2025 2025 2024 Note Current #ssets Ca%h at bank and in hand 18,768 21,716 Funds of the charity: Unrestrieted income funds Unrestricied ft]nds Other reserves (2,948) 21,716 146 21,570 Total unrestricted fimds 18,768 21,716 Total funds 12 18,768 21,716 The funcial statements on pages 6 to 15 were approved by the trt]st¢¢5, and authorised for issue on 30 Jalluary 2026 and signed OD their behalf by: Charlotte Trustee uis Carter The notes on pages 8 tr) 15 forni 2n integral part of these financial statements. Page 7
Slapton Village Hall Notes to the Financial Statements for the Year Ended 31 March 2025 l Aceounting policies Statement of compliance The fmancial State¢ThIS have been prepared in accordance with the second edition of the Charities Staternent of Recommended Practice issued in October 2019. the Financial Reporting Standard applicable in the United Kingdom and Republic of trelalld (FRS 102) and the Charities Act 2011. Basi$ of preparation Slapton Village Hall meets the defthition of a public benefit eniity under FRS 102. The a¢counts (fjnancial statements) have been prepared under the historical cost convention with items recognised at C05t or transaction value unLess otherwise stated in the relevant note(s) to these accounts. Going concern The trustees consider that there are no material UD¢ertainiies about the ¢harity'S ability to ciintinue as a going concern. Income and endowments Voluntary income including dollations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when th¢ charity h&8 etttitlement to the income, it is probable that the income wll be r¢ceived and the atlloullt Can be measured with sufflcient reliability. Gronts receivable Grants ar¢ recognised when the charity has an entitlement to the fLd5 and any conditions linked to the antS have b¢en met. Where perfomiance condition5 are attached to the grant and are yet to be met, the income is recognised &s a liability and included on the balance sheet as defeed incOt tts be released. Imveslment income Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. Expenditure All ¢xpenditure is recognised once there i5 a legal Or construciive obligation to that expenditure, it 15 probable settlement is required and the amount can be rneasured reliably. All costs are allocated to the applicable expendlture heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have be£n allocated on a basis Consistent with the use of resouTce5, with central staff costs allocated on the ba515 of tsme speni, and depreciation charges allocated on the portion of the Set'S use. Other support Costs are allocated based on the spread of staff costs. Choriiuble activilies Charitable expenditure ¢otllprises those costs inCued by the charity in the delivery of its a¢tivitses and services for its benefjeiaries. li includes both costs that can be allocated directly to su¢h activities and those costs of an indirect nature necessary to support them. GrunÉprovisions Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. Page 8
Slapton Village Hall Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) GovernaDce costs Th¢5e include the costs attributable to the charity's cornplian¢e with constitutional and ststutory requirementy including audit, strategic management and trustees meetings and reitnbursed expen5¢S. TatIOn The charity is considered to pass the tests set out tll Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable compally for UK corporatlOD tax purpose5. Accordin¥oly, the ebarity is potentially exempt from taxation in respect Of income or capital gains received within cate(pories covered by Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Tation of Chargeable Gains Act 1992. to the extent that such income or gains are applied exclusively to ¢haritable pu]P05es. Cash and cash equivalents Cash and c85h equivalents comprise cash on hand and call deposits, and other short-terni higbly liquid invesknents that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. Borrowings tDterest-bearing borrowings are initially recorded at fair value, net of transaction Costs. Interest-bearing borrowings are subseqventty carried at amort15ed cosL the difference betsveen the proceeds. net of transaction costs, and the amount due on redeTllPtion being recognised a5 a charge to the Stat¢ment of Financial Activities over the period of the relevant borrowing. Interest expense is reCOlsed on the basis of the effective int¢rest method and 15 included in interest payable and sirnilar charges. Borrowings are classified as current liabilities unless the chaTity tw an unconditional right to defer settlemenl of the liability for at least ttvelve months after the reporting date. Fund structure Unrestri¢t¢d income funds are general funds that are available ftkr use at the trustees discretion in furtherallce of the objectives of the charity. FirEallci31 iDStruments Classifwation Financial assets and fitwJ¢ial liabilities are recognised when the charity becomes a party to the contractual provisions of the instsillnent. Financial liabilities and ¢quity instruments are classified according to the substan¢e of the contractual aTTangement5 ¢Dtered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Page 9
Slapton Village Hall Notes to the Financial Statements for th¢ Year Ended 31 Mydrch 2025 (continu¢d) Recognition lde&Sureen All fanCial assets and liabilities are initially measwed at transaction price (including transaction costs), except for those fancial assets classified as at fair value through profit or loss. which are initially measured at fair value (whsch is nornially the transaction pri¢¢ excluding transaction costs), unless the arrangement constimtes a financing transaction. If an arrangement constitutes a f]nancing transaction, the f]nancial asset or fjnancial liability is measured ai the present value of the future paYents discount¢d at a tjwket rat¢ of interest for a similar debt ireTht. Financial assets and liabilities are only offtet in the staternent of financial position when. and only when there exists a legally enforceable right to 5¢t off the recognised amounts and the charity intends either to settle on a net basi5, or to realise the assei and settle the liability simultaneously. Financial assets are derecognised when and only when a) the contrdctual rights to the cash flows from ihe financial asset expire or are settled, b) the charity transfers to another party substantially all of th¢ risks and reward5 of ownership of the fmaDcial set. or cl the charity, despite having retasned some, but not all, significant risks and rewards of ownership, has transferred control of tbe asset to another party. FiT)ancial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Page 10
Slapton Village Hall Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) Debi instruments Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective itjterest method.. (a) The Contractual rett]rn to the holder is (i} a fixed amount. (li) a posltive fjxed rate or a p)sitive variable rate. or (iii) a combination of a positive or a negative fixed rnte and a positive variable rate. (b) The contract may provide for repayments of the Principal or tbe return to the holder Ibut not both) to be linked to a single relevant obgervable index of generdl price itiflation of the ¢urrency in which the debt insttunent is denominated, provided such links are 0t leVere<L (c) The contract may provide for a detemiinable variation of the rettjrn to the bolder during the life of the instrument, provided that (i) the new rate satisfies condition (a} alld the variation Ès not continoent on future events other than (l) a change of a conrractrjal variable rate.. (2) to protect the holder against credit deterioration of the issuer- (3) ¢hanoes in levies applied by a centrdl bank or arising from changes i r¢levant taxation or law. or (li) the new rate is a market rate of interest and satisfies condition (a). (d) There is no contractrjal provision that could, by its ternis, result in the holder losing tbe principal arnOt OT any interest attributable to the current period or prior periods. (e) ContrACtua] provisions dt pernÈt the issuer to prepay a debt instnunent or p¢rnit the holder to put it back to the issuer before maturity are not contingent on fUtLe events, other than to protect the holder against the ¢redit deterioration of the issuer or a chan(re in eontrol of the issuer, or to protect the holder or issuer against ¢hanges in levies applied by a ¢entra] bank or arising frorn changes iti relevant taxation OF law. {fj Contractual provisions may permit the extension of the terni of the debt instnJm¢nL provided that the retlun io the holder and any other contrdcfrl provisions applicable dwing the extended le satisfy the conditions of pardgraphs (a) to (c). Debt instrt]ments that are clsIfied 3$ payable or receivable within one year on llItial recognition and which meet the above conditions are measured at the undiscounted alnount of the cash or other consideration expected to be paid or received. net of impairnient. With the exception of some hedoing instruments. other debt instruments not rneeting these conditions ar¢ measured at faiT Value through profit or loss. Commitments to make and receive loans whi¢h meet the condition5 Fnentioned above are m¢a5ured at cost {wh2ch may be nil} less irnpairnient. Investments Investments in nonwconvertible prefer¢rA¢e shares and non-puttable ordinary or preferen¢e shares (where shares are publicly traded or their fair value is reliably m¢asurdble) are Meured at fair value through profit or loss. Where fair value cannot be rneasured reliably. investments are measured at cost less impairment Investments in sub5idi8ries and associates are ]neW¢d at cost less impairment. For investtnents in subsidiaries acquired for consideration including the issue of shares qualifyin. for merger relief. cost is measured by reference to the norninal value of the shares issued plus fair value of oth¢r wnsideration. Any premium is ignored. Pag¢ll
Slapton Villagc H211 Notes to the Fijjancial Statetllents for the Year Ended 31 March 2025 (continued} Derivutivefinanciul inslrumertts The Charity uses derivative fmancial instruments to reduce exposure to foreig) exchange risk and interest rdte movements. The charity does not hold or issue derivative fmancial instruments for speculative purpos¢s. Derivatives are initially recognised at fair value at the date a deriyative contrart is entered into and are subsequently relneasured io their fair value at each reporting date. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective a5 a hedging instrument, which event the timing of the T¢ColU0ll in ststetnent of fmancial activities depends on the nature of the hedge relationship. Fulr vulue measuremeni The best evidence of fair value is a quoted price for an identieal asset in an active market. When quoted pri¢¢s are unavailable. the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a Significant lapse of time since the transaction took place. If the market is not active and receDt transactions of an identical asset on their own are ot a good estimate of fair value, the fair value is estimated by using a valuation technique. 2 Income from doDatlODS and legacies UnrestrA¢ted funds Gcner81 Total funds Grants, including capital grallts; Gr&llts from other charities 22,583 22.583 Total for 2025 22,583 22,583 Total for 2024 132 132 3 Investment income Unrestricted fund5 Genernl Total funds Interest receivable and similar income. Interest receivable on bank d¢po5its 336 336 Totsl for 2025 336 336 Total for 2024 232 232 Page 12
Slapton Village Hall Notes to the Financial Statements for the Year Ended 31 March 2025 (CODtinued) 4 Other income Unrestricted fllnds General Totsl futtds Rental incorne 12,840 12.840 Total for 2025 12,840 12.840 Totsl for 2024 9,786 9,786 5 Expenditure OD ralslng funds Totsl e05ts 6 Expenditure on eharitable activities Unrestricted funds General Total funds Note Grant fi]nding of activities Governanc¢ costs 164 10,884 10.884 Totsl for 2025 11,048 11.048 Total for 2024 10,004 10,004 Total expenditure Page 13
Slapton Village Hall Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 7 Analysis of governance and support costs Governance eosts Ullr¢stricted fuRd5 General Total funds Staff costs Wages and salaries Other governance Costs 3.325 7,559 3,325 7,559 Total for 2025 10,884 10,884 Total for 2024 10,004 10,004 8 Net ill¢omingloutgoillE resources Net (outgoing)lin¢oming resources for th¢ year include.. 2025 9 Staff costs The aggregate payroll costs weT¢ #s follows.. 202$ 2024 Statf costs during the year were: Wages and salaries 3.325 3,250 No employee received emoluments of moTe than £60,000 during the year 10 Taxation The chlty 15 a registered charity and is therefore exempt from taxation. 11 Cash and cash equivalents 2025 2024 Cash at bank 18,768 21,716 Page 14
Slapton Village Hall Notes to the Financial Statements for the Year Ended 31 March 2025 (continued) 12 Fund5 Balance at i April 2024 Incoming resource5 Re50urees txp¢nded Balance at 31 Mareh 2025 UMre5tricted funds General 21,716 18,768 Ullrestricted fullds B8lance at J April 2023 IneomiDg resourc¢s Resources expended Balance at 31 March 2024 Unrestrieted funds General 21.570 10.150 (10,004) 21,716 Unrestrieted funds Page 15
Slapton Village Hall Statement of Financial Activities by fund for the Year Ended 31 March 2025 Total Totsl Unrestricted Ullrestricted Funds Fund5 2025 2024 Income and Endowments from: Donations and legacies Investtnent incorne Other income 22.583 336 12.840 132 232 9,786 Total income 35.759 10,150 Expenditure on", Charitable activities (38,707 10,004 Total expenditure Net (expenditure)lincorne Reconciliation of funds (38.707) (10,004) (2,948) 146 Total fimds carried fotivard {2,948) 146 This page does not form part of the statutory financial statemeT)ts. Page 16
Slapton Village Hall Detailed Statement of Financial Activities for the Year Ended 31 March 2025 Total 2025 Totsl 2024 Ineome and Endowments fn)m: Donations and lewdcies (analysed below) Investhient income (analysed below) Other income (analysed below) Total in¢ome 22,583 336 12.840 132 2i2 9,786 35,759 10,150 Expcnditure on". Charitsble activitie5 {ana]ysed b¢low) Total expenditure Net (expenditure)/income Reconciliation of funds (38,707> (10.004) (38,70 10,004) (2,948 146 Total funds carried fonvard 146 This page does not forni part of the st2tutory financial statements. Page 17
Slapton Village Hall Detailed Statement of Financial A¢tivitie5 for the Year Ended 31 March 2025 (continued) Total 2025 Total 2024 Donations and legu¢ie5 Grants- other agencies 22,583 132 22,583 132 Inveslmenl income Interest on cash depoSLts 336 232 336 232 Oiher income Rental income 12,840 9,786 12.840 9,786 Clittri¢&ble uclivilies Exceptional costs Grants payable - institutions Wages and salaries Water rates Light, heat and power Jnsur8nce Repairs and maintenance Telephone and f Sundry expenses (27,659} (164) (3,325) (528) (3.603) (863) (1,974) (443) 11481 (3,250) (354) {2,990) 1823) (1,496) (365) 726) (10,004} This page does nol fonn part of the Statutory financial ststements. Page 18