CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Watton Village Hall (Queen's Hall) On accounts for the year ended 31 December 2024 Charity no (if any) 304106 Set out on pages 1 to15 tn Inrlti4> th+2 Pgge niimbers of qdditinnal Rhop+o', I report to the trustees on my examination of the accounts of the above charity {"the Trust") for the year ended 3111212024. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145{5){b) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below ") which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records" or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: ZrJ[o£bizr Name: Robert Kendall Relevant professional qualification(s) or body FCCA ICR Oct 2018
{if any): Address: 38 High Street Watton Norfolk, IP25 6AE Section B Disclosure Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018
WATTQN VILLAGE HALL IQUEENS HALLI Charity No {if any) eriod 304106 Annual accounts for the CC17a 0110112024 To Period end dale Period start dale 3111212024 Section A Statement of financial activities Restricted income funds Recommended categories by activity Details of own analysis Unrestricted funds Endowment Total thls funds year Total last year Incoming resources (Note 31 Incoming resources from generated funds Voluntary income F01 F02 F03 F04 F05 S01 Activities lor generating lunds S02 36,813 549 36,813 549 41,679 446 Investment income S03 ocoming resources from charitable activities S04 Other ineorning resources S05 Total incoming sOUrceS s06 Resources expended {Notes 4-8) 37,362 37,362 42,125 Costs of Generating Funds Costs of generating voluntary income 51,371 51,371 45,447 S07 Fundraising trading costs S08 Investrnenl management costs S09 Charitable a¢tivitie$ S10 Govemance costs S11 428 428 492 Other resources expended S12 Total resources expended s13 Net incoming/(outgoing) SoUrceS before transfers s14 51,799 51,799 45,939 (14,437) (14,437) (3,814) Gross transfers between funds S15 Net incoming/(outgoing) resources before other recognised gains/(losses) s16 Other recognised gainslllosses) Gains and losses on revaluation of fixed assets for the charity's own use Gains and losses on investment assets 14,437 14,437 3.814 S17 S18 Net movement in funds s19 14,437 220,012 14,437 220,012 205,575 3,814 223,826 Total funds brought forward Total funds carried fonvard s21 S20 205,575 220,012 CC17a (Excel) 2010612025
ection B Balance sheet Restricted income funds Unrestricted funds Endowment Tolal this funds year Tolal last year Fixed assets Tangible assets F01 155,385 F02 F03 F04 155,385 F05 158,418 (Note 9) B01 B02 Investments (Note 10) Total fixed assets 803 804 155, 55.385 158.418 Current assets Stock and work in progress Debtors {Note 11) {Short term) investments Cash at bank and in hand Total current assets B05 2,169 2,917 2,169 2,917 1,864 3,350 B06 B07 B08 ,026 52,112 47,02 52,11 58,472 63.686 B09 Creditors: amounts falling due within one year (Note 12) B10 1,922 1,922 2,092 Net current assets/(liabilities) B11 50,190 50,190 61,594 Total assets less current liabilities B12 220,012 Creditors: amounts falling due after one year (Note 12) B13 Provisions for liabilities and charges B14 Net assets 815 205,575 .575 220,012 Funds of the Charity Unrestricted funds B16 220,012 14,437 220,012 14,437 223,826 3,814 B17 Restricted income funds (Note 13 Endowment funds (Note 13) B18 B19 Total funds B20 205.575 205,5 220,012 Signed by one or two trustees on behalf of all the trustees Date of roval Signature Print Name MRIX CC17a (Excel) 2010612025
ection C Notes to the accounts Note 1 Basis of preparation This section should be completed by all charities. 1.1 Basis of accounting These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with.. Accounting and Reporting by Charities- Statement of Recommended practi (SORP 2005); and with. Accounting Standards., Financial Reporting Standards for Smaller Enterprises (FRSSE),. or and with the Charities Act. exce t for the followin Give details in this box if a different standard has been followed. -Tick as appropriate.. if all relevant disclosures shown in the pack have been given then please tick "Accounting Standards.; if disclosufes completed in Ihese accounts have been restricted to those required by the FRSSE, then please tick "Financial Reporting Slandards for Smaller Enterprises (FRSSE)" If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes. 1.2 Change in basis of accounting There has been no change to the accounting policies {valuation rules and methods of accounting} since last year (g except for the following). Give details in this box of any material changes that have been made. S if no changes have been made to accounting policies then delete these words. 1.3 Changes to previous accounts No changes have been made to accounts for previous years (&& except for the following). Give details in this box of any material changes that have been made. S& if no changes have been made to accounts for previous periods then delete these words. CC17a (Excel) 2010612025
Section C Notes to the accounts (cont) Note 2 Accounting policies This standard list of ac¢ounting policies has been applied by the charity excopt for those deleted. Where a dlfferent or additionalpolicy has been adopted then this is detsiled ITn the box below. INCOMING RESOURCES Recognition of incoming resources These are included in the Slalement of Financial Activities ISOFAI when.. the charity becomes entitled lo the reSourS., the Iruslees are virtually certain they will receive the resources," and the monetsry value can be measured with sufficient reliabililv. Where incoming resourS have related expenditure las with fundraising or contract in¢omel the incoming resources and related expenditure are reported gross in the SOFA. Grants and donations are only included in the SOFA when the charity has unconditional entillemenl to the reSoUrs. Incoming resources with related expenditure Grants and donations Tax reclaims on donations and gifts Contractual income and performance related grants Incoming resources from lax reclaims are included in the SOFA at the same time as the gift to which they relate. This is only included in the SOFA once the related goods or setvices have been delivered. Gifts in kind Gifts in kind are accounted for al a reasonable estimate of their value lo the charity or the amount actually realised. Gifts in kind for sale or disliibution are included in the accounts as gift$ only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. These are only included in incoming resources Iwilh an equivalent amount in resources expended) where the benefit lo the Charity 15 reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value lo the charity of the service or facility received. The value of any voluntary help received is not included in the accounts bul is described in the Iruslees, annual report. This is included in the accounts when receivable. Donated services and facilities Volunte•r help Investment in¢om• Investment gains and 10s$g$ This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to marf(el value al the end of the year. EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity lo pay out resources. Include costs of the preparation and examination of slalulory accounts, the costs of trustee meetings and cost of any legal advice to trustees on governance or conslitulional matters. Where the eharity gives a grant with conditions for its payment being a specific level of service or output lo be provided, such grants are only reco9nised in the SOFA once the recipient of the grant has provided the specified service or output. These are only re¢ognised in the accounts when a commitment has been made and there are no conditions lo be mel relating to the grant which remain in the control of the chaTIty. Support costs include central functions and have been allocated lo activity cost categories on a basis consislenl with the use of resources, eg allocating propety costs by floor areas. or per capita, staff costs by the lime spent and other costs by their usage. Governance costs Grants with perfomiance conditions Grants payable without pertomiance conditions Support Costs ASSETS Tangible fixed assets for use These are capitslised if they can be used for more than one year, and Cost al least £500. They by charity are valued al c051 or a reasonable value on receipt. Investments Investments quoted on a recognised stock exchange are valued al market value at the year end. Other investment assets are included al trustees. best estimate of market value. Stocks and work in progress These are valued al the lower of cost or market value. POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM THOSE ABOVE CC17a (Excell 2010612025
ection C Notes to the accounts (cont) Note 3 Analysis of incoming resources Incoming resources may be further analysed if this would help the reader of the accounts. This year Last year Analysis Voluntary income DONATIONS GRANT Totsl Activities for generating funds HIRE OF HALL BAR TAKINGS MISCELLANEOUS 19,274 17,309 230 21,485 19,641 553 Totsl 36,813 41,679 Investment income INTEREST 549 446 Total 549 446 Incoming resources from charitable activities Total CC17a {Excel) 2010612025
ection C Notes to the accounts {cont) Note 4 Analysis of resources expended Resources expended may be further analysed if this would help the reader of the accounts. This year Last year Analysis Costs of generating voluntary income BAR COSTS REPAIRS AND MAINTENANCE UTILITIES, CARETAKER, CLEANING, PHONE INSURANCE AND LICENCES DEPRECIATION, LOSS ON FIXED ASSETS 14,535 18,303 14,178 1,322 3,033 51,371 16,742 8,589 14,609 2,286 3,221 45,447 Totsl Fundraising trading costs Total Investment management costs Total Charitable activities Total Governance costs GENERAL MANAGEMENT 428 492 Total 428 492 CC17a {Excel) 2010612025
ection C Notes to the accounts (cont) Note 5 Support Costs Please complete this note if the charity has analysed its expenses using activity categories and has support costs. Fundralslng actlvlty Charitable Activity Governance Activity Total Cost ort cost Total Note 6 Details of certain items of expenditure 6.1 Trustee expenses Please pmvide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter 'None' in the appropriate box(es). This year Last year Number of trustees who were paid expenses Nature of the expenses Total amount paid .2 Fees for examination or audit of the accounts Please provide details of the amount paid for any statutory external scrutiny of accounts and other services pmvided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(esJ. This year Last year Independent examiner's or auditors. fees for reporting on the accounts Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor 200 204 108 108 CC17a (Excel) 2010612025
ection C Notes to the accounts (cont) Note 7 Paid employees Please complete this note if the charity has any employees. 7.1 Staff Costs This year Last year Gross wages, salaries and benefits in kind Employer's National Insurance costs Pension costs 5,281 4,800 Total stsff costs 5,281 4.800 7.2 Average number of full-time equivalent employees in the year This year Number Last year Number The parts of the charity in which the employees work ts()4Lir1Tr31)c.e OtFier Total 7.3 Defined contribution pension scheme Please complete if a defined contribution Brief details of the scheme ension scheme is o erated. This year Last year The costs of the scheme to the charity for the year The amount of any contributions outstanding at the year end The amount of any contrlbutlons prepald at the year end CC17a (Excel) 2010612025
ection C Notes to the accounts {cont) Note 8 Grantmaking Please complete this note if the charity made any grants or donations which in aggregate fonn a material part of the charitable activities undertaken. 8.1 Totsl value of grants Grants to institutions Total amount £ Grants to individuals Total amount £ Purpose for which rants made Total 8.1 Grantmaking costs If the charity's accounts are prepared on the "activity basis" please give details of any support cost associated with grantmaking. Please enter "Nil" if the charity does not identify and/or allocate support costs. Support costs of grantmaking 8.3 Grants made to institutions If the charity has made grants to particular institutions that are material in the context of its grantmaking please give details of the institution supported, purpose of the grant and total paid to each institution listed. Sufficient information should be given to provide a reasonable understanding of the range of institutions su orted. Names of institutions Purpose Total amount of grants paid £ Total grants to institutions CC17a (Excel) 2010612025
Section C Notes to the accounts {cont} Note 9 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets 9.1 Cost or valuation Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total Balance brought forward Additions 184,417 85,400 269,817 Revaluations Disposals Transfers ' Balance carried forward 184,417 85,400 269,817 9.2 Accumulated depreciation and impairment provisions 'Basis SLorRB SLorRB SLorRB SLorRB SLorRB Rate 15 Balance brought fotward Depreciation charge for year Impairment provisions 33,923 77,476 111,399 1,844 1,189 3,033 Revaluations Disposals Transfers" Balance carried forward 35,767 78,665 114,432 9.3 Net book value Brought forward Carried forward 150,494 148,650 7,924 6,735 158,418 155,385 9.4 Revaluation If any fixed assets have been revalued please give details of the valuer and method of valuation The 'transfers" row is for movements between fixed asset categories. Please indicate the method of depreciation by deleting the method not applicable (SL = straight line,. RB - reducing balance). Also please indicate the rate of depreGiation.' for straight line, what is the anticipated life of the asset (in years)," for reducing balance, what is t17e percentage annual deduction. CC17a (Ex¢el) 2010612025
ection C Notes to the accounts (cont) Note 10 Investment assets Please complete this note if the charity has any investment assets. 10.1 Fixed assets investments Carrying (Market) value at beginning of year Add: additions to investments at cost Less: disposals at carrying value Addl{deduct): net gain/{loss) on revaluation Carrying (market) value at end of year Please provide below.. 10.2 A breakdown of the market values of investments shown above agreeing with the balance sheet row BO3. 10.3 A breakdown of the income from investments agreeing with SOFA row SO3. Analysis of investments 10.2 Market value at year end 10.3 Income from investments for the year Investment properties Investments listed on a recognised stock exchange or held in common investment funds, open ended investment companies, unit trusts or other collective investment schemes Investments in subsidiary or connected undertakings and companies Securities not listed on a recognised Stock Exchange Cash held as part of the investment portfolio other investments Total 10.4 Material investment holdings If any single investment is material in tenns of its value (for example represents more than 5 per cent of the value of the charity's total investments) please provide details. Investment held Market Value CC17a (Excel) 2010612025
ection C Notes to the accounts (cont) Note11 Debtors and prepayments Please complete this note if the charity has any debtors or ments. Analysis of debtors Amounts falling due within one year This year Last year Amounts falling due after more than one year This year Last year Trade debtors Amounts due from subsidiary and associated undertakings other debtors 375 656 917 1,227 1,467 ,35 Prepayments and accrued income 1,625 17 Total Note 12 Creditors and accruals ?lease complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors Amounts falling due within one year This year Last year Amounts falling due after more than one year This year Last year Loans and overdrafts Trade creditors Amounts due to subsidiary and associated undertakings Other creditors 1.622 1,474 300 618 Accruals and deferred income Total 1,922 92 12.2 Security over assets If any loan. overdraft or other creditor holds a charge or other security over any assets of the charity please provide details. CC17a {Ex¢el) 12 2010612025
ection C Notes to the accounts (cont} Note 13 Endowment and restricted income funds Please complete this section if the charity has any endowment or restricted income funds. 13.1 Funds held Please give a brief description of any of the following type of funds held by the charity: permanent endowment funds (PE); expendable endowment funds {EE); and restricted income funds, including special trusts, of the charity {R). Type PE, EE orR Purpose and Restrictions Fund Name 13.2 Movements of major funds Please give details of the movements of the major funds summarised in the Trstricted and endowment columns of the Statement of Financial Activities. Fund balances brought forward Fund balances carried forward Incoming resources Outgoing resources Gains and losses Transfers Fund names Total Funds 13.3 Transfers between funds Please give details of any transfers between funds. From Fund (Name) To Fund (Name) Reason Amount CC17a (Excel) 13 2010612025
ection C Notes to the accounts (cont) Note 14 Transactions with related parties If the charity has any transactions with related parties (other than the trustee expenses explained in note 6) details of such transactions should be provided in this note. If there are no transactions to report, please enter "None" in the relevant boxes. 14.1 Remuneration and benefits Please give the amount of, and legal authority for. any remuneration or other benefits paid to a trustse or other related parties by the charity or any institution or company connected with it. Amounts paid or benefit value Name of trustee or connected party Legal authority (eg order, governing document) This year Last year 14.2 Loans Please give details of and amounts owing to or fmm the charity's trustees or other related parties by the charity at the year end. Name of trustee or connected party Amount owing This year Last year Legal authority Due to trustees and related parties Due from trustees and related parties 14.3 Other transaction(s) with trustees or related parties Please give details of any transaction undertaken by (or on behalf ofj the charity in which a trustee or elated party has a material interest. Name of the trustee or related party Relationship to charity Description of the transaction(s) This year Last year CC17a (Excel) 14 2010612025
ection C Notes to the accounts (cont) Note 15 Additional Disclosures The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet. CC17a (Excel) 15 2010612025