Registered Charity Number: 304540 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 AUGUST 2024 FOR FAILAND VILLAGE HALL R S Porter & Co Limited Chartered Aecountants The Old Dairy Ashton Hill Farni Weston Road, FailaDd Bristol BS8 3US
FAILAND VILLAGE HALL CONTEIYTS OF THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31 AUGUST 2024 Page Report of the Trustees I to2 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to Financial Statements 6t08 Detailed Statement of Financial Activities
FAILAND VILLAGE HALL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 The Trustees present their report with the Financial Statements of the Charity for the year ended 31 August 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities, issued in March 2015. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number 304540 Principal address Oxhouse Lane Failand Bristol BS8 3SL Trustees Mrs L Green Mr S Williams Mrs A Sissons Mr S Waldron Mr J Chilcott Mrs D Jepson Mrs E Garfitt Mrs R Crosby Mr J Lamb Mrs M Pearce Mr S Waldron Chainnan Secretary Treasurer Resigned Nov 2024 Treasurer Appointed Nov 2024 Resigned March 2024 Appointed March 2024 Appointed July 2024 Independent examiner C J Keates-Porter FCA R S Porter & Co Limited The Old Dairy Ashton Hill Farni Weston Road, Failand Bristol BS8 3US STRUCTURE, GOVERNANCE AIYD MANAGEMENT Governing document The Charity is controlled by governing documenL a Deed of Trust and constitutes an Unincorporated Charity. Trustee selection Trustees are appointed by recommendation. Risk management The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure appropriate controls are in place io provide reasonable assurance against fraud and error. Page I
FAILAND VILLAGE HALL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024 OBJECTIVES AND ACTIVITIES Objeetives and aims To provide social facilities for th¢ benefits of the residents of the village of Failand. FINAIYCIAL REVIEW Reserye policy The Trustees aim to retain sufficient r&serves to ensure thai the facility is well maintained to a high standard for it's intended use. Principal funding sources Provisions of facilities for functions, wedding receptions and dinner dances. Reserves policy The Trustees aim to maintain sufficient funds to cover major repair and replacement works as becojning necessary. ON BEHALF OF THE BOARD 18th November 2024 Page 2
INDEPENDENT EXAMINERS, REPORT TO THE TRusfEES OF FAILAND VILLAGE HALL I report of the accounts for the year ended 31 August 2024 as set our on pages 4 to 7. Respective responsibilities of trustees and examiner The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider than an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the Charities Art, to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145 {51 Ibl of the Charities Act), and to state whether particular matters have come to my attention. Basis of independent examiner's statement My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required In an audit and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report Is limited to those matters set out in the statement below. Independent examlner's statement In connection with my examination, no matter has come to my attention {other than that disc105ed below.): (i) which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with section 130 of the Charities Act; to prepare accounts which accord with the accounting records and comply with the accounting requirements of the CharÉties Act have not been met; or (2) to which, in my opinion should be drawn in order to enable a proper understanding of the accounts to be reached. CJ Keates-Porter- FCA R S Porter & Co Limited The Old Dairy Ashton Hill Farm Weston Road, Failand Bristol BS8 3US 18th November 2024 PaEe 3
FAILAND VILLAGE HALL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 2024 2023 Unrestricted Unrestri¢t¢d funds funds Notes INCOMING RESOURCES Incoming resources from generated funds Activities for generating funds Investment income 50,949 933 45,223 325 Total ineoming resource 51,882 45,548 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income Governance Costs 45,987 480 34,705 480 Total resources expended 46,467 35,185 NET INCOMING RESOURCES 5,415 10,363 RECONCILIATION OF FUNDS Total fund brought forward 74,095 63,732 TOTAL FUNDS CARRIED FORWARD 79.510 74,095 The notes form part of these financial statements Page 4
FAILAND VILLAGE HALL BALANCE SHEET AT 31 AUGUST 2024 2024 2023 Unrestricted Unrestricted funds funds Notes CURRENT ASSETS Cash at bank and in hand 84,343 78,579 CREDITORS Amounts falling due within one year (4.833) (4.484) NET CURRENT ASSETS 79.510 74,095 TOTAL ASSETS LESS CURRENT LIABILITIES 79.510 74,095 NET ASSETS 79.510 74,095 FUNDS Unrestricted funds 79,510 74,095 TOTAL FUNDS 79.510 74,095 The financial statements were approved by the Board of Trustees on 18th November 2024 and were signed on its behalf by: Mr S Williams - Trustee The notes form part of these financial statements Page 5
FAILAND VILLAGE HALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACCOUNTING POLICIES Accounting Convention The financial statement have bn prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Sinaller Entities (effective April 2008), the Charilies Act 201 l and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. Incoming r&sourees All incoming resources are included on the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Resources expended Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allo¢at¢d to activities on a basis consistent with the use of resources. Taxation The Charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in aeeordance with the charilable objectives at the discretion of the Trustees. Restricted funds can only be used for particular r¢stri¢ted purposes within the objects of ihe 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 note to the financial statements. Hire purchase and leaslng commitments Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. Page 6
FAILAND VILLAGE HALL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ACTIVITIES FOR GENERATING FUNDS 2024 2023 Fundraising events Profit on bar trading account Hall rentals Hall draw fund Grants and donations 3,369 10,867 33,187 14,165 27,764 ,525 1,769 3,526 50,949 45,223 INVESTMENT INCOME 2024 2023 Deposit account interest 933 325 TRUSTEES, REMUNERATIOIY AND BENEFITS There were no Trustees, remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023. Trustees, expenses There were no Trustees, expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023. CREDITORS: AMOUNTS FALLIIYG DUE WITHJN ONE YEAR 2024 2023 Trade creditors Otli¢r creditors 4.833 4,484 4,833 4.484 Page 7
FAILAND VILLAGE HALL NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 MOVEMENT IN FUNDS Net movement in funds At 31108124 At 01109123 Unrestricted ndS General fund 74,095 5,415 79,510 TOTAL FUNDS 74,095 5,415 79,510 Net movement in funds, included in the above are as follows: Incomlng resources Resources Movement expended in funds Unrestricled funds General fund 51.882 (46.467) 5,415 TOTAL FUNDS 51.882 (46,467) 5,415 Page 8
FAILAND VILLAGE HALL DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEARENDED 31 AUGUST 2D24 2024 2023 INCOMING RESOURCES Activities for generating funds Profit on bar trading account Hall rentals Hall draw fund Granls and donations 10,867 33.187 14,165 27,764 ,525 1,769 6,895 50,949 45,223 Investment income Deposit account interest 933 325 TotAI incoming resources 51,882 45.548 RESOURCES EXPENDED Costs of generating voluntary income Honorarium Grass cutting Social costs Rates and water Insurance Light and heat Telephone and internet Postage and 51ationery Licences Repairs and maintenance Mural Security Bank cl]arges Renewals Cleaning Marketing Donations 1,200 2.295 78 288 1,652 6,630 755 183 477 7,377 930 31 600 9,582 13,909 1,200 1,920 34 144 1.582 2,204 668 344 312 7,664 408 456 9,210 8,009 185 365 45,987 34,705 Governance costs Accountancy 480 480 Total resources expended 46,467 35,185 et income 5,415 10,363 This pages does not form part of the statutory financial statements Page 9