Charity number: 301292
Corringham Hall
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2020
Corringham Hall Contents Page For the year ended 31 December 2020
| Report of the Trustees | 1 |
|---|---|
| Independent Examiner's Report to the Trustees | 2 |
| Statement of Financial Activities | 3 |
| Statement of Financial Position | 4 |
| Notes to the Financial Statements | 5 to 9 |
| Detailed Statement of Financial Activities | 10 |
Corringham Hall Report of the Trustees For the year ended 31 December 2020
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 3 December 2020. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement o Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standar applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefi running a charity (PB2)'.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity Corringham Hall Charity registration number 301292 Principal address Springhouse Road Corringham Stanford Le Hope Essex SS17 7LE
Trustees
The trustees and officers serving during the year and since the year end were as follows:
R A Goldsmith E Prince Mrs J D Goldsmith Independent examiner SAB&T (UK) Limited t/a JMC Accountancy 25 Grover Walk Corringham Essex SS17 7LP Bankers Lloyds TSB 1 Butler Place London SW1H 0PR
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 15 September 2021 Mrs J D Goldsmith
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Corringham Hall Statement of Financial Activities For the year ended 31 December 2020
| Notes Income and endowments from: Donations and legacies 2 Other trading activites 3 Total Expenditure on: Raising funds 4/5 Charitable activities 6/7 Total Net expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ - 22,506 22,506 31,318 ) (58,257 ) (26,939 ) (4,433 17,478 13,045 |
201 1 83,629 83,630 (24,698 (59,290 (83,988 (358 18,526 18,168 |
|---|---|---|
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Corringham Hall Statement of Financial Position As at 31 December 2020
| Notes Fixed assets Tangible assets 13 Current assets Stocks 14 15 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 16 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 17 Total funds |
£ 2020 7,834 7,834 6,313 2,363 10,626 19,302 ) (14,091 5,211 13,045 13,045 13,045 13,045 |
201 9,216 9,216 10,500 10,800 203 21,503 (12,551 8,952 18,168 18,168 18,168 18,168 |
|---|---|---|
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Mrs J D Goldsmith Trustee 15 September 2021
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Corringham Hall Notes to the Financial Statements For the year ended 31 December 2020
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
Corringham Hall meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Funds
Incoming resources
All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
Taxation
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Improvements to property | 15% Reducing balance |
|---|---|
| Motor vehicles | 15% Reducing balance |
Stocks and work in progress
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Irrecoverable VAT
Irrecoverable VAT is included in the Statement of Financial Activities, and is reported as part of the expenditure to which i relates.
2. Income from donations and legacies
| Donations received | 2020 £ - - |
201 1 1 |
|---|---|---|
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Corringham Hall Notes to the Financial Statements Continued For the year ended 31 December 2020
3. Income earned from other activities
| Unrestricted funds Hall letting, bar and sundry 4. Expenditure on generating donations and legacies Unrestricted funds Grants receivable Support costs 5. Expenditure on other trading activities Unrestricted funds Support costs 6. Costs of charitable activities by fund type Unrestricted funds Running of Hall Support costs 7. Costs of charitable activities by activity type Support costs Grant funding of activities Activities undertaken directly £ £ £ Support costs Running of Hall 4,231 39,626 14,400 |
2020 £ 22,506 22,506 2020 £ ) (50,477 4,187 ) (46,290 2020 £ 14,972 14,972 2020 £ 54,026 4,231 58,257 2020 £ 58,257 |
201 83,629 83,629 201 - - 201 24,698 24,698 201 53,492 5,798 59,290 201 59,290 |
|---|---|---|
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Corringham Hall Notes to the Financial Statements Continued For the year ended 31 December 2020
8. Analysis of support costs
| Depreciation Bar purchases Governance costs Net income/(expenditure) for the year This is stated after charging/(crediting): Accountancy fees Staff pension contributions |
Voluntary Income £ - 4,187 - 4,187 |
Fundraising trading £ - 14,972 - 14,972 |
Running of Hall £ 1,382 - 2,849 4,231 |
2020 £ 1,382 19,159 2,849 23,390 2020 £ 1,400 112 |
2019 1,626 24,698 4,172 30,496 201 1,400 188 |
|---|---|---|---|---|---|
9. Net income/(expenditure) for the year
10. Staff costs
Total staff costs for the year ended 31 December 2020 were:
| Salaries and wages Pension costs Staff |
2020 £ 14,288 112 14,400 2020 2 2 |
201 21,272 188 21,461 201 |
|---|---|---|
12. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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Corringham Hall Notes to the Financial Statements Continued For the year ended 31 December 2020
13. Tangible fixed assets
| Improvement | Fixtures and | ||
|---|---|---|---|
| Cost or valuation | s to property | fittings | Tota |
| £ | £ | ||
| At 01 January 2020 | 7,553 | 44,251 | 51,804 |
| At 31 December 2020 | 7,553 | 44,251 | 51,804 |
| Depreciation | |||
| At 01 January 2020 | 6,971 | 35,617 | 42,588 |
| Charge for year | 87 | 1,295 | 1,383 |
| At 31 December 2020 | 7,058 | 36,912 | 43,970 |
| Net book values | |||
| At 31 December 2020 | 495 | 7,339 | 7,834 |
| At 31 December 2019 | 582 | 8,635 | 9,217 |
14. Stocks and work in progress
| Stock Debtors Amounts due within one year: Trade debtors Other debtors |
2020 £ 6,313 6,313 2020 £ 53 2,310 2,363 |
201 10,500 10,500 201 10,800 - 10,800 |
|---|---|---|
15. Debtors
16. Creditors: amounts falling due within one year
| Loans and overdrafts Trade creditors Other creditors Accruals and deferred income |
2020 £ - 3,809 7,882 2,400 14,091 |
201 1,640 6,893 2,118 1,900 12,551 |
|---|---|---|
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Corringham Hall Notes to the Financial Statements Continued For the year ended 31 December 2020
17. Movement in funds
Unrestricted Funds
| General General Unrestricted Funds - Previous year General General |
Balance at 01/01/2020 £ 17,478 17,478 Balance at 01/01/2019 £ 18,526 18,526 |
Incoming resources £ 22,506 22,506 Incoming resources £ 83,630 83,630 |
Outgoing resources £ ) (26,939 ) (26,939 Outgoing resources £ ) (83,988 ) (83,988 |
Balance a 31/12/202 13,045 13,045 Balance a 31/12/201 18,168 18,168 |
|---|---|---|---|---|
Purpose of unrestricted Funds
General
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
18. Analysis of net assets between funds
| Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Asset £ £ 7,834 5,211 13,045 7,834 5,211 13,045 |
|---|---|
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Corringham Hall Notes to the Financial Statements Continued For the year ended 31 December 2020
Previous year
| Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Asset £ £ 9,216 8,952 18,168 9,216 8,952 18,168 |
|---|---|
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Corringham Hall Detailed Statement of Financial Activities For the year ended 31 December 2020
| INCOME AND ENDOWMENT Donations and legacies Donations Other trading activities Income from Hall letting, bar and sundry Total incoming resources EXPENDITURE Raising donations and legacies Grants receivable Charitable activities Cost of direct charitable activity Cost of grant funded charitable activity SUPPORT COSTS Depreciation Depreciation Bar purchases Bar purchases Fundraising Bar purchases Governance costs Governance costs Total resources expended Net Expenditure |
£ 2020 - - 22,506 22,506 22,506 50,477 50,477 ) (14,400 ) (39,626 ) (54,026 ) (1,382 ) (1,382 ) (4,187 ) (14,972 ) (19,159 ) (2,849 ) (2,849 ) (26,939 ) (4,433 |
£ 2019 1 1 83,629 83,629 |
|---|---|---|
| 83,630 - - ) (21,460 ) (32,032 ) (53,492 ) (1,626 ) (1,626 - ) (24,698 ) (24,698 ) (4,172 ) (4,172 |
||
| ) (83,988 ) (358 |
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This page does not form part of the statutory financial statements