Charity number: 301292
Corringham Hall
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2021
Corringham Hall Contents Page For the year ended 31 December 2021
| 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 2021
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 3 December 2021. 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
............................................................................. 16 August 2022 Mrs J D Goldsmith
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Corringham Hall Statement of Financial Activities For the year ended 31 December 2021
| 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 income/expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 1 34,786 34,787 21,074 ) (46,704 ) (25,630 9,157 13,045 22,202 |
202 - 22,506 22,506 31,318 (58,257 (26,939 (4,433 17,478 13,045 |
|---|---|---|
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Corringham Hall Statement of Financial Position As at 31 December 2021
| 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 |
£ 2021 8,007 8,007 7,341 7,364 5,433 20,138 ) (5,943 14,195 22,202 22,202 22,202 22,202 |
202 7,834 7,834 6,313 2,363 10,626 19,302 (14,091 5,211 13,045 13,045 13,045 13,045 |
|---|---|---|
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
R A Goldsmith Trustee 16 August 2022
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Corringham Hall Notes to the Financial Statements For the year ended 31 December 2021
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
All funds held by the charity are for the sole use of running of the Charity Hall.
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
| Unrestricted funds Donations received |
2021 £ 1 1 |
202 - |
|---|---|---|
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Corringham Hall Notes to the Financial Statements Continued For the year ended 31 December 2021
2. Income from donations and legacies
Analysis of grants received
| HMRC - Covid Grants ncome earned from other activities Unrestricted funds Hall letting, bar and sundry Expenditure on generating donations and legacies Unrestricted funds Grants receivable Support costs Expenditure on other trading activities Unrestricted funds Support costs |
2021 £ 43,281 43,281 2021 £ 34,786 34,786 2021 £ ) (43,281 ) (1,028 ) (44,309 2021 £ 23,235 23,235 |
202 50,477 50,477 202 22,506 22,506 202 (50,477 4,187 (46,290 202 14,972 14,972 |
|---|---|---|
3. Income earned from other activities
4. Expenditure on generating donations and legacies
5. Expenditure on other trading activities
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Corringham Hall Notes to the Financial Statements Continued For the year ended 31 December 2021
6. Costs of charitable activities by fund type
| Unrestricted funds Running of Hall Support costs Costs of charitable activities by activity type Activities undertaken directly £ Support costs Running of Hall 20,373 Analysis of support costs Voluntary Income £ Depreciation - Bar purchases ) (1,028 Governance costs - ) (1,028 |
Grant funding of activities £ 22,223 Fundraising trading £ - 23,235 - 23,235 |
Support costs £ 4,108 Running of Hall £ 1,315 - 2,793 4,108 |
2021 £ 42,596 4,108 46,704 2021 £ 46,704 2021 £ 1,315 22,207 2,793 26,315 |
202 54,026 4,231 58,257 202 58,257 2020 1,382 19,159 2,849 23,390 |
|---|---|---|---|---|
7. Costs of charitable activities by activity type
8. Analysis of support costs
9. Net income/(expenditure) for the year
This is stated after charging/(crediting):
| 2021 | 202 | |
|---|---|---|
| £ | ||
| Accountancy fees | 1,338 | 1,400 |
| Staff pension contributions | 74 | 112 |
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Corringham Hall Notes to the Financial Statements Continued For the year ended 31 December 2021
10. Staff costs
Total staff costs for the year ended 31 December 2021 were:
| Salaries and wages Social security costs Pension costs Staff |
2021 £ 20,059 240 74 20,373 2021 0 0 |
202 14,288 - 112 14,400 202 |
|---|---|---|
12. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
13. Tangible fixed assets
| Cost or valuation At 01 January 2021 Additions At 31 December 2021 Depreciation At 01 January 2021 Charge for year At 31 December 2021 Net book values At 31 December 2021 At 31 December 2020 |
Improvement s to property £ 7,553 - 7,553 7,058 74 7,132 421 495 |
Fixtures and fittings £ 44,251 1,488 45,739 36,912 1,241 38,153 7,586 7,339 |
Tota 51,804 1,488 53,292 43,970 1,315 45,285 8,007 7,834 |
|---|---|---|---|
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Corringham Hall Notes to the Financial Statements Continued For the year ended 31 December 2021
14. Stocks and work in progress
| Stock Debtors Amounts due within one year: Trade debtors Other debtors Creditors: amounts falling due within one year Trade creditors Other creditors Accruals and deferred income |
2021 £ 7,341 7,341 2021 £ 595 6,769 7,364 2021 £ 3,122 2,821 - 5,943 |
202 6,313 6,313 202 53 2,310 2,363 202 3,809 7,882 2,400 14,091 |
|---|---|---|
15. Debtors
16. Creditors: amounts falling due within one year
17. Movement in funds
Unrestricted Funds
| General General |
Balance at 01/01/2021 £ 13,045 13,045 |
Incoming resources £ 34,787 34,787 |
Outgoing resources £ ) (25,630 ) (25,630 |
Balance a 31/12/202 22,202 22,202 |
|---|---|---|---|---|
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Corringham Hall Notes to the Financial Statements Continued For the year ended 31 December 2021
Unrestricted Funds - Previous year
| General General |
Balance at 01/01/2020 £ 17,478 17,478 |
Incoming resources £ 22,506 22,506 |
Outgoing resources £ ) (26,939 ) (26,939 |
Balance a 31/12/202 13,045 13,045 |
|---|---|---|---|---|
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 Previous year Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Asset £ £ 8,007 14,195 22,202 8,007 14,195 22,202 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 Detailed Statement of Financial Activities For the year ended 31 December 2021
| 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 Income |
£ 2021 1 1 34,786 34,786 34,787 43,281 43,281 ) (20,373 ) (22,223 ) (42,596 ) (1,315 ) (1,315 1,028 ) (23,235 ) (22,207 ) (2,793 ) (2,793 ) (25,630 9,157 |
£ 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 |
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This page does not form part of the statutory financial statements