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 1 of 10 ## 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**| |---|---|---| 2 of 10 ## 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 3 of 10 ## 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**
-| |---|---|---| 4 of 10 ## 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** 5 of 10 ## 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| 6 of 10 ## 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**| |---|---|---|---| 7 of 10 ## 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**| |---|---|---|---|---| 8 of 10 ## 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**| |---|---| 9 of 10 ## 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**| 10 of 10 This page does not form part of the statutory financial statements