Charity No - 304065 SNETTISHAM MEMORIAL VILLAGE HALL & PLAYING FIELD TRUSTEES REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 23 MARCH 2024 MAPUS-SMITH & LEMMON LLP CHARTERED ACCOUNTANTS KING'S LYNN SNETTISHAM MEMORIAL VILLAGE HALL & PLAYING FIELD Charity No - 304065 REPORT AND FIP4ANCIAL STATEMENTS FOR THE YEAR ENDED 23 MARCH 2024 Contents PAge Legal and adminislralive infomiation Tnisiees report Accounlanls report Statement of financial a¢iivities Balance sheet Notes to the accounts SNETTISHAM MEMORIAL VILLAGE HALL & PLAYING FIELD Charity No - 304065 LEGAL AND ADMINISTRATIVE INFORMATION ReElStered O￿lee of Charity l O Old Church Road Snetlisham King's Lynn Norfolk PE317LX Reglstered Charlty Number 304065 Charlty Prlnelp21 Office l O Old Church Road Snetlisham King's Lyt Norfolk PE317LX Banker Barclays Bai)k PIC 21 Tuesday Market Place King's Lynn Nofolk PE30 IJX Independ¢nt Examlncr Mapus-smilh & Lemmon LLP 48 King Streel King's Lynn Norfolk PE30 IHE Trustees Mr Peter Bradshaw - Chairnian Mrs L Siandeven Mr A Clarksoii Ms J Sexloii Mr D Sexton Mr P Herb¢rt Miss R Chilvers Mrs J Walker SNETTISHAM MEMORIAL VILLAGE HALL & PLAYING FIELD TRUSTEES REPORT FOR THE YEAR TO 23 MARCH 2024 Charity h'o - 304065 The Inislees present their report along with the financial slalemenls of the charity for the year ended 23 March 2024 Statement of trustee's re5ponsibililies Charity law requires the trustees lo prepare a¢coiii)Is that give a true and fair view of the slate of affairs of the charity and of ils income and expenditure for the financial year. In doing so, the Iruslees are reqiiired io.. select siiilable accoiinling poli¢ies and then apply them consistently. make judgements and eslimales that are reasonable aiid prudent. 51ale wlieilier applicable accoui)ling standards and statements of recommendcd financial siaternenls,. and prepare the financial stalemenls on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for maintaining propcr accounting record5 whicli disclose with reasonable aCci￿a¢Y at aiiy tirne the financial position of the charily and which enable them to ensure that the accounts cumply with the Charities Act 2011 (Companies Act 201 I for charilable companics) Thcy arc also re%poiisible for safeguarding Ilie a%5cls of Il)e charity and lience for lakii)g reasonable steps for the prevention and detection of fraiid and other irreAularities. LeLyal status & organi$atlon Tl)¢ Clitsrily way founded 011 1811111947. The Govcniing Insirunicnls under which the charity op¢rales is the declaralioi) of Inisl, and policies made from linie lo time by the trustees. The compaiiy is a registered charity {Charily Number 304065}. Other adminislralive dclails are as shown on page l. Stru¢turei governance and m4nagement The Iru%tc¢s are r¢spoiisibl¢ for tlie governance of the charity and ensure that il pursues the objects for whicl) il was foiinded. New trustees, being qiialified by experienie. are appointed by reLommendalion of the ciirrenl tnislees, or by proposal ora Current Irustec enlilled lo vole al a mceling of the charity. ObJective5 and activities of the chArity for the public benefit Tlie Trustees have had regard lo the Cl)arity Commission's guidaiice oli public bciiefil and have souglil to ensure that all activities undcrtukeii have b¢¢n in line with the charity's objectives. The main objeLlives of the charity are.. EducatiO￿training - sportlrecreation for cl)ildren/young people, elderly - people with disabilities - general public The objectives are mel by a village hall for Ilie use of tlie inl)abilants of the Parish of Snettisham, provides buildingslfa¢ilitieslopen spa¢¢s. SNETTISHAM MEMORIAL VILLAGE HALL & PLAYING FIELD TRUSTEES REPORT FOR THE YEAR TO 23 MARCH 2024 Achievements and Performance Financially sound after taking over as trustees in Mareh 201 O and have carried out many repairs to Charity premises. Financtal Review, Investment Poliey And Reserves The allached documents demonslraie in financial lernis the activities of the charity for the past year. As can be seen the Charity has an excess of income over expenditure in Ihe current year showing a surplus of £13,729 compared lo a surplus of £8,187 in 2023. The charity retains sufficient unrcslricted reserves to tneel ils indirect charitable expenditure (excluding depreciation) for a period of al least 12 months. The dirccl charitable expenditure is mostly mel with a combii)alion of hall and pavilion rcnl, bar income and fundraising. On behalf of the Trustees MR PETER BRADSHAW - CHAIRMAN SNETTISHAM MEMORIAL VILLAGE HALL & PLAYING FIELD Charity No- 304065 INDEPENDELNT EXAMINER'S REPORT TO THE TRUSTEES OF SNETTISHAM VILLAGE HALL & PLAYING FIELD I report on the ae¢ounts of the Trust for the period ended 23 March 2024, which are set out on pages 5109. Respectii'e responsibilitics of trustees And independent examiner The charily's trustees are responsible for thc preparation of the aceoiints. The charity's trustees consider Ihai an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 201 l Act), and that an independent examination is needed. Having sa115fied myself that 11)e charity is not Slibjecl to audit undLr company law and is eligible for indepeiideiil examinalioii, li is my responsibility lo.. examine the accoiints (under section 145 of the 2011 Act, to follow the procedlires laid down in the General Directions given by the Charity Commissioiiers (under section 14515)(b} of the 2011 A¢1, and lo stale wheilier particular mallers have come to my aiiention Basis of independent examiner's report My exaniiiiation was carried out in accordan¢¢ witl) Ilic G¢n¢ral Dirc¢iions giv¢ii by Il)e Charily Coinmission. An exan)inalion iiicliides a review of the accoLiiilii)g records kept by the chariry ai)d a comparison of the accoiinls prcscnl¢d with those r¢Lords. It also incliides consideration of any iinusual items or disclosures in the a¢¢ounls, and the seeking of explanations from you as Iruslecs coi)cerning any sucli matters. Tl)e procedures undertaken do not provide all the evidence that woiild be reqiiired in ai) aiidil and, consequently, no opii)ion is given as lo whether the accoiinls present a'lNe and fair view, and the report 13 liinii¢d to Iliose mallers set out in tlie slalcincnl below. Indcpendent ex&mlners stntcmcnt Ii) Lonneclion willi my examiiialion. no mk]Iler has ¢ome lo my aiienlion,. { I I wl)icl) gives n)e reasonable ¢aiise lo beliLVC that in aiiy malcriiil rLspect the Iriislee8 have not mL%i Ilie reqiiirements to ensure that.. a) proper accounting records are kept lin accordaiice with seclioii 41 of the Acil. and b) accounts are prcpared which agree with the accounting records aiid ¢omply with the accounting reqiiirements of the Acl; or {21 lo which, in my opinion, attention sliould be drawn in order to enable a proper undcrslanding of the accounts to be reached. Dale 261111 L* Mapus-smith & Lemmon LLP Chartercd ALcounlanls 48 Kiiig Street Kings Lyt Norfolk PE30 IHE SNETTISHAM MEMORIAL VILLAGE HALL & PLAYING FIELD Charity No- 304065 STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING ILYCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 23 MARCH 2024 Notes Restricted Funds Restricted 2024 Total 2023 Total Fund5 12 mths 12 mths INCOMING RESOURCES Incoming resoiircesfioin generaledfund Voliinlary lrtcoine Donations Grants A¢livifiesfor generaiingfuiids Fundraising Hall Rents Pavilion Bar Income Tennis Court Investment inLome Pavilion ProjeLI Tolal inctslliing resuuY¢es 179 179 471 2,000 4,559 19,347 2,519 6,699 4,559 19,347 2,519 6.699 2.040 16,385 1,918 3.150 553 553 21.851 55,706 537 8,967 3S,467 21.851 21,851 33,856 RESOURCES EXPENDED Costs ofgeneraliiigfiénd Fundraising expcnses Bar purchases Cleaner wages Cleaning and laundry Repairs and renewals l)all Repaii's aiid rLnLwals - pavilion Pavillion Project 890 3,971 3,580 423 10,284 2,348 890 3,971 3,580 423 10.284 2,348 8,098 147 2,285 3,900 212 7,852 2,660 1,377 18,433 8,098 8,098 Man4geNient find adMiini51ration eosls Rates Eleclricily Travel and subsistence Sialionery & Admiiiislralion Sundry expenses Subscription5 Insurance Depreciation 1,822 5,502 1,822 5,502 551 3,433 225 466 480 2,354 790 225 466 480 2,354 790 198 788 439 1,928 790 Governance cosls Book-keeping and accolintancy 744 744 744 744 720 720 Tot41 resources expended 33,880 41,978 Net surplu51(deficlt) for the yeAr 24 SNETTISHAM MEMORIAL VILLAGE HALL & PLAYING FIELD Charity No- 304065 BALANCE SHEET AS AT 23 MARCH 2024 Notes 2024 2023 Flxed Assets 14,220 15.010 Current Assets Inveslmciils Cash at bank and in hand.. Unrcstrictcd Memorial Villagc Hall Restricted - Pavilion Bank Account 9,229 9,344 23,831 43,611 76,671 23,064 29,858 62,266 Current Llabilities Siindry creditors and accruals 350 350 Net Current Assets 76.321 61,916 Total Assets less Current Llllbllities 90,541 76,926 FUNDS Unrestricted Funds Reslrlctcd Funds 46,929 43,611 47,068 Total Chilrlty fi unds 90,541 76,926 Note., Insurance valuatioiis of thc assets available lo tlie charity arc sliown on pagc 7 Tlie accouiils w¢i'¢ approved by the InislL'es on.. . aoxlt..... and are signed on Ihcir bchalf by.. MR PETER BRADSHAW - CHAIRMAN SNETTISHAM MEMORIAL VILLAGE HALL & PLAYtNG FIELD NOTES TO THE FINANCIAL STATEMEf4iTS FOR THE YEAR TO 23 MARCH 2024 Charity No- 304065 2024 Assets available to the charlty- as Yalued for insuranee purposes Memorlal Vlllage Hall Bulldings Conlents Business Interruptlon 974,591 23,898 104,000 P4villon & Tennls Cour15 Buildlng5 Contents 516,473 3,171 Contalner Bulldlngs 2,744 1,624,877 SNETTJSHAM MEMORIAL VILLAGE HALL & PLAYING FIELD Charity No- 304065 NOTES TO THE FIIYANCIAL STATEMENTS FOR THE YEAR TO 23 MARCH 2024 l. Aecounting policies The significant accounting policies used in th¢ preparation of these financial statements are-. 1.1 Basls of accounting The finaiicial slalenienls have been prepared under the historical cost convention, and in a¢¢ordance with the r¢quir¢mcnls of the Charities Act 2011 and with the Statement of Re¢omm¢nded Practice.. Accounting and Reporting by Charities preparing their accounts in aecordan¢¢ with the Financial Reporting Standard applicable in the UK and Republic of Ircland IFRS 102} issiied on 16 July 2014. The reported financial Position and financial pcrformance for Ihe previous period are not affected by the transition to FRS 102. Th¢ effecls of events in relalioii to the year ended 23 March 20?4 which occurred before the dale of approval of the finan¢ial statements by Ilie Board of Trustees, have been includcd in the stat¢m¢nl8 lo the exlenl requircd lo show a true tsnd fair vi¢w of the slate of affairs at 23 March 2024 and of the results for the year ended on that dale. 1.2 Incoming re$ource$ All in¢oming re%ources are incliidcd in the SOFA when the eharity is Icgally entitled lo the income and th¢ anioLint can be quantified willi reasunablc ac¢ura¢y. The following SPCLific policies are applied tu partlCLilar categories of inLome'. IIiLoniing Resources comprises principally incoine Iroin fairs, gift aid donation and grai)Is. Donations and grant5 InLOlii¢ froin donation8 and grants ar¢ included in incoming resoiirc¢s whcn Ih¢sc are r¢c¢ivable. InterL¥t receii'able Iniei'est is included when receivable by the charity. 1.3 Resources expl'ndcd Expcnditiire is rccognised when o liabiliiy 1% incurred. Conlractiial arrangenienls and perlormance related granis are re¢ogniscd as goods or services ai'c SLipplied. Oihcr grant payments are r¢¢ogniscd when a ¢onslruclive obligation arises that results in the paymLnl bcing unuvoidable. Costs of generating fiinds are tlio%e costs in¢iirrcd in trading aLtivilies that raise fiinds. GoveriiaiiLe costs in¥lude Il)0se incurred in the gyovernunLe of the charity aiid its assets and are primarily associated witli the conslitutioncil and staliilory requiremeiits. 1.4 Investments Iiivcslnicnls are reflecied iii Ilie accounts at their curr¢nl markel value. 1.7 Funds Structure All funds are iinrestricted income funds. 2. Staff Costs No employee earned more than £60,000 PCT annum. The truslces neither received or waived any eniolurtients during the year (2023 £Nil) The trustees w¢r¢ not paid in the period. The trustees were reimblirsed for expenses incurrcd in the period. 3. Net Expenditure for the year This is slated after charging.. 2024 2023 AcLOUTilancy 350 350 SNETTISHAM MEMORIAL VILLAGE HALL & PLA YING FIELD Charity No- 304065 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR TO 23 MARCH 2024 4. Flxed Assets Extenslon Total Cost Brought forward al 24 March 2023 AdditlOH5 in the year At 23 Mar¢h 2024 25.629 25.629 25,629 25,629 Depreciation At 24 Mdrch 2023 Cliarge for the year At 23 March 2024 10,619 790 11,409 10,619 790 1,409 Net Book Value At 23 March 2024 14,220 14.220 At 23 March 20?3 15,010 5. Investments Inveslinenls compris¢ the following.. 2J-Mar-24 Fixed Mie bond &G- Chari fund 9,229 Markei valuc at 23 Marcli 20?4 9.229 6. Credllors 2024 2023 Accountancy accrual 350 350 50 350 7. Movement In fund5 Incoming At 23 resources March Ilnc. 2023 4Linsl Ai23 Outbioing Investment March resourc¢s revalvaiion 2024 Transfer Restricted funds: 29,858 21,851 (8,098> 43,011 Unrestrlctcd (unds: General fLinds 47,068 33,856 {33,8801 1115} 46,929 Total funds 76.926 55,706 141,978 90,540 8. Restrl¢tcd Funds Income piid expenditur¢ relates to fundraising for the pavillion project.