Charity number: 304688 WRINGTON MEMORIAL HALL & RECREATION FIELD COMMITTEE UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
WRINGTON MEMORIAL HALL & RECREATION FIELD COMMirrEE CONTENTS Page Reference and Administrative Details of the Charity, its Trustees and Advisers Trustoes. Report Indep6ndent Examinerfs Report Statemont of Flnancial Activities Balance Sheet Notes to the Financial Statements 7-14
WRINGTON MEMORIAL HALL & RECREATION FIELD COMMirrEE REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITh. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees Mr Marshall Clements, Chainnan Mrs Deborah Yam8n8k8. Vice Chair Mrs Georgie Bigg Mrs Helen Ward Isigned 4 May 2023) Mr James Coffey. Vice Chair (resigned 4 May 20231 Mr Nick Finch Mrs Gabrielle Wilson Mr Richard Kingcott Mr John Morgan (appointed 17 May 2023) Mrs Sarah Treweek (appointed 17 May 2023) Charity registered number 304688 Principal office The John Locke Room Silver Street Wnngton North Somerset BS40 SQE Accountants The Alanbrookes Group Ltd 24 Glove Factory Studios Holt Wiltshire BA14 6RL Page 1
WRINGTON MEMORIAL HALL & RECREATION FIELD COMMITfEE TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Trustees present Iheir annual report together with the financial statements of th6 Village Hall for the year 1 April 2023 to 31 March 2024. The Charity also trades under the names Wrington Memorial Hall & Recreats"on Field Committee. Objectives and activities Policies and objectives The cherity maintains and manages Wrington Memorial Hall, the Recreation Field and The John Locke buildings for the use and benefit of the residents of Wrington. The charity provides buildings, facilities 8nd open space for Community use for all aspects and ages of the Community and for the provision of amateur sport. In $8tting objectives and planning for activities. the Trustees have given due consideration lo general guidance published by the Charity Commission relatsng to public benefiL induding the guidance 'Public benefit.. running 8 charity (P82)'. Achievements and performance a. Maln achlevements of the Charity The Charity ensured the buildings and open areas were maintained and managed for the safe use by local r6sidents. Financial review . Golng concern After making appropriate enquirFes, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operabon81 existence for the foreseeable future. For this reason. they continue to adopt the going concem basis in preparing the financial statements. Further d8t8ils regarding the adoption of the going concem basis can be found in the accounkn'ng policies. The Charity receives an 8nnu81 grant of £12,000 from Wrington Parish Council. The rest of the funds for the ch8rity comes from the hire charges for the hall. The objectives of the charity are to manage and provide facilities for the Community to use. l ages and groups in the Community make use of the h811 for many different 8Ctivtttes. including badminton, pilates. table tennis, gardening dub, yoga. toddler groups. Wrington Primary school. support groups and the drama group. b. Reserves policy It is the policy of the Committee to ensure that there are sufficient reserves to enable the charity to meet its liabilllies as they fall due. Accordingly the Committee keeps a very dose eyes on the financial situation and transactions on the account and aims to ensure that its cUant account is always in credit. Page 2
WRINGTON MEMORIAL HALL & RECREATION FIELD COMMITTEE TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Structure, governance and management Constitution Wrington Memorial Hall & Recreation Field Committee is a registered charity. number 304688. and is constituted under a Trust deed. b. Methods of appointm8nt or election of Trustees The management of the Charity is the responsibility of the Trustees are elecl8d and co-opiad under the terms of the Trust deed by Wrington Parish Councll. Statement of Trustees, responsibilities The Truslees are responsible for preparing the Trustees, Report and tho financi81 slatements in 8ccordance with 8pplicable law and United Kingdom Accountsng Standards (Unitad Kingdom Generally Accepted Accounting Practice). The law applicable to charities in Eng18nd & Wales requires the Trustees to prepare financi81 statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure. for that period. In preparing these financial statements, the Trustees are required to: select suitable accountsng Fx>licias and then apply them consistently. observe Ihe methods and principles of the Charities SORP (FRS 102>: make judgmenls and accounting estimates that are reasonable and prudent", state whether applicable UK Accounting Standards {FRS 1021 h8vè boen followed, subject lo any materfal departures disclosed 8nd expl8in8d in the financial statements: prepare the financial statements on the going concem basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequale accounbng records thal are suffici8nt lo show and explain the Chariws transactions and disclose with reasonable accuracy at any lime the financial position of Ihe Charity and enable them to ensure that the financial statements comply wth the Charilies Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They ara 81s0 responsible for safeguarding the assets of the Chanty and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees on 15 October 2024 and signed on their behalf by.. Mr Marshall Clements Page 3
WRINGTON MEMORIAL HALL & RECREATION FIELD COMMirrEE INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent Examlner's Report to the Trustees of Wrington Memorial Hall & Recreation Field Committee I'the Charity,) I report to the charity Trustees on my examination of the accounts of th8 Charity for the year ended 31 March 2024. Responsibllitles and Basis of Report As the Trustees of the Charity you are responsible for the preparation of the accounts In accordance with the raquirem6nts of the Charities Act 2011 ('the 2011 Act,). I report in respect of my examination of the Charitys accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by thè Charity Commission under section 145{5)Ibl of the 2011 Act. Independent Examin•rfs Statement Your attention is drawn to the fact that the Charity has prepared the accounis in accordanc* with Accounting and Reporting by Charities: Statement of Recommended Practice applic8ble to charities prepanng their accounts In accordance with the Financi81 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) In preference to Ihe Accounling and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdr8wn. l understand thal this has bean done in order for the accounts to provide a true and fair view in accordance with the Gen8rally Accépted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention In connection with the examination giving me cause lo believe thal in any material respect: accounling records were not kept in respect of the Charity as required by section 130 of the 2011 Act: or the accounts do not 8c¢ord with those records: or the accounts do not comply with tha applicable requirements conceming the fomi and contènt of accounts set out in the Ch8ritios (Accounts and Reports) Regulations 2008 other than any requirement th8t the accounts give a 'true and fair, view which is not a m8tt8r considered as pert of an independent examinats'on. I have no concems and have com8 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 accounls to be reached. Signed: Dated: 15 October 2024 Tha Alanbrookes Group Ltd ICAEW 24, Glove Factory Studios. Holt. Wiltshire, 8A14 6RL Page 4
WRINGTON MEMORIAL HALL & RECREATION FIELD COMMITfEE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Total funds 2024 Tctal fvnds 2023 Note Income from: Don8tions and legacies Other income 16.343 16.564 16.343 16.564 16.089 17,115 Total income 32.907 32.907 33,204 Expenditure on: Charitable activities 44,093 44.093 41,450 Total expenditure 44.093 44.093 41,450 Nel movement in funds (11,186) 111.186) (8.246) Reconciliation of funds: Total funds brought fofward Net movement in ftjnds 24,682 (11,1861 24,682 (11,186) 32. 928 (8.246) Total funds carried forward 13,496 13,496 24.682 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 7 to 14 fomi p8rt of these financial statements. Page 5
WRINGTON MEMORIAL HALL & RECREATION FIELD COMMirrEE BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Note Fixed assets Tangible assets 10 4.163 5.234 4.163 5.234 Current assets Debtors Cash at bank and in hand 278 9,835 856 21.215 10,113 22.071 Creditors: amounts f811ing du8 Within one year 12 1780) (2. 623) N6t currnnt assets 9,333 19.448 Total assets less current Ilabilltios 13,496 24, 682 Net assets excluding pension asset 13,496 24, 682 Total net assets 13,496 24.682 Charity funds Restricted funds Unrestricted funds 14 14 13,496 24. 682 Total funds 13.496 24. 682 Th8 financial statements were approved and authorised for issu8 by the Trustees on 15 October 2024 and signed on their behalf by. IW CJ, Mr Marshall Clements Tha notes on pages 7 to 14 forn part of these financial stst8mants. Page 6
WRINGTON MEMORIAL HALL & RECREATION FIELD COMMirrEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General information Wrington Memori81 Hall & Recreation Field Committee is 8 charity registered in England. Its registered address is: John Locke House, Silver Street, Wrington. North Somerset BS40 5QE Accounting pollcies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 1021- Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities prepanng their accounts in accordance with the Financial Reporting Slandard applicable in the UK and Rapublic of Ireland (FRS 1021 leffeclive 1 January 2019), the Financial Repo.n9 Standard applicable in tho UK and Republic of Ireland IFRS 10218nd the Chanties Act 2011. The financial statements have been prepared to give a 'true and fair, view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'lrue and fair, view. This departure has involved following the Chanties SORP IFRS 1021 published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practs'ce effective from 1 April 2005 which has since boen withdrawn. Wrington Memorial Hall & Recreation Field Committee meets Ihe definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transadion value unless otherwise st8ted in the relevant accounting policy. 2.2 Income All income is recognised once the Charity has entitlement to the income. it is probabl8 that the income will be received and the amounl of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement. th8 prob8bility of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlemenl to a legacy exists when Ihe Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid wll and the death of the benef8clor} 8nd the executor is satisfied that the property in question will not be required to satisfy claims in the eslata. Receipt of 8 legacy musl be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed lo the Charity, Can be reliably measured. Grants are included in the Statement of Financial Activities on 8 receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognits'on is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued. Other income is recognised in the period in which it is rec£tvable and to the extent the goods have been provided or on completion of the servi¢*. Page 7
WRINGTON MEMORIAL HALL & RECREATION FIELD COMMirrEE NOTES TO THE FINANCIAL STATEMENTS FOR TrIE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.3 Expenditure Expenditure is recognised once there is 8 legal or constructive obligats.on to transfer economic benefit to a third party. it is probable that 8 transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activily. The costs of each activity are made up of the lotal of direct costs and shared costs. including support costs involved in undertaking each acb'vity. Direct costs attributable to a single aclivity are allocated dir8cIIy to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a sing16 acbvity are apportioned between those activits'es on a basis consislenl with the use of resources. Cenlr81 st8ff costs are allocated on the basis of time spent, and depreciation charges allocated on the port]on of the asset's use. Expenditure on charitable 8ctivities is incurred on directly undertaking the activities which furth8r th8 Ch8riWs objectives. as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. 2.4 Government grants Govemment grants relating to tangible fixed 8SS8ts ara treated as deferred income and released to the Statement of Financial Activities over Ihe expected useful lives of the assels concemed. Other grants are credited to the Statement of Fin8nci81 Activities as the related expenditure is incurred. 2.5 Tangible fixed assets and depreciation Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised al cost. After recognition. under the cosl model, tangible fixed assets are measured al cost18ss accumulated depreaab'on and any accumuleted impaiment losses. All costs incurred to bring a tangible fixed asset into its intended workj'ng condiknon should be included in the measurement of cost. Deprecialion is chargod so as to allocate th8 cost of t8ngibl8 fixed assets less their residual value over their ests'mated useful lives. Depreciakn'on is provided on the followng basis: Plant and machinery Fixtures and fittings 250/0 Straight line 25010 Reducing balance 2.6 Debtors Trade and other debtors S recognised at the settlement amount after any trade discount offered. Prepayments are valued 8t the amount prepaid net of any trade discounts due. 2.7 Cash at bank and in hand Cash at bank and in hand includes cash and short-temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar acunt. Page 8
WRINGTON MEMORIAL HALL & RECREATION FIELD COMMirrEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.8 Liabilities and provisions Ll8bilities are recognised when there is an obligab'on al the Balance Sheet date as a result of 8 Past event. it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it wll pay to settle the debt or the amount it has received as advanced payments for the goods or services tt must provide. Provisions are measured 8t the best estimale of the amounts required to settle the obllgation. Where the @ffect of the time value of money is malenal. the provision is based on the present value of those amounts. discounted al the pre-tax discount rate that reflects the risks sp8cific to the liability. The unwinding of the discount is r8cognised in the Statement ol Financral Activities as a finance cost. 2.9 Financial instruments The Charity only has financial assets and financial liabilities of a kind Ihat qualify as basic financial instruments. Basic financiel instruments are initially reeA)gnised at transaction value and subsequently measured at their settlement value with the exception of bank loans which ar8 subsequently measured at amortised cosi using the effectiv6 inlerest method. 2.10 Fund accountlng General funds are unrestricted funds which are available for use at the discretion of the Trustees In furtherance of the general objectives of the Charity and which have not been designaled for other purposes. Income from donations and legacies Unrestricted funds 2024 Total funds 2024 Total funds 2023 Parish Trust Income Parish Council Grants Solar Panel Income Annual Club Rents 1.039 12.000 1.584 1.720 1,039 12.000 1.584 1.720 1,039 12,000 1,330 1,720 16.343 16.343 16,089 Page 9
WRINGTON MEMORIAL HALL & RECREATION FIELD COMMirrEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Other incoming resources Unrestricted funds 2024 Total funds 2024 Total funds 2023 Rental income Other income 15.034 1.530 15.034 1.530 15,105 2,010 16.564 16.564 17.115 Analysis of •xpenditure on charitable activities Summary by fund type Unrestricted funds 2024 Total funds 2024 Total fvnds 2023 Charitable expenditure 44,093 44.093 41,450 Analysis of oxpendituro by activities Support costs 2024 Total funds 2024 Total funds 2023 Charitable exp6nditure 44.093 44,093 41.450 Page 10
WRINGTON MEMORIAL HALL & RECREATION FIELD COMMirrEE NOTES TO TrtE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities (continued) Analysis of support costs Total funds 2024 Total funds 2023 Activities 2024 Wages and salaries Accountancy Licence fees Employee penslon scheme Water rates Light. heal and power Insurance 20.579 780 407 1.663 526 8,261 438 20.579 780 407 1,663 526 19.542 660 253 1,592 554 7,466 430 3,678 3, 632 1,007 727 109 82 1,718 8.261 438 Repairs and maintenance Recreation field maintenance Telephone and fax Slalionery and cleaning Sundry expenses Depreciation of plant 8nd machinery Depreciation of fixtures and fittings 4.725 3,367 1.057 4,725 3,367 1.057 820 182 820 182 1.288 1,288 44.093 44,093 47.450 Independent examiner's remuneration The independent examinerfs remuneration amounts to an independent examinar fae of £780 (2023 - £6901. Staff costs 2024 2023 Contribulion to defined contribution pension schemes Wages and salaries 1.663 20,579 1.592 19.452 22.242 21.044 Page 11
WRINGTON MEMORIAL HALL & RECREATION FIELD COMMirrEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Staff costs (continued) The average number of persons employed by the Charity during the year was as follows: 2024 No. 2023 No. Administration No employee received remuneration amounting to more Ihan £60.000 in either year. Trusteo5' remuneration and oxpenses During th8 year. no Trustees received any remuneration or other ben8fits (2023 - £NIL), During the year endad 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL). 10, Tanglble fixed assets Plant and Fixtures and machinery fittings Total Cost or valuation At 1 April 2023 Additions 2.718 399 6.870 9.588 399 At 31 March 2024 3.117 6.870 9,987 Depreciatlon At 1 April 2023 Charge for the year 2.636 182 1.718 1,288 4.354 1,470 At 31 March 2024 2,818 3,006 5,824 Net book valuo At 31 March 2024 299 3.864 4,163 At 31 March 2023 82 5.152 5.234 Page 12
WRINGTON MEMORIAL HALL & RECREATION FIELD COMMirrEE NOTES TO THE FINANCIAL STATEMENTS FOR TrIE YEAR ENDED 31 MARCH 2024 11. D8btors 2024 2023 Due within one year Trade debtors 278 856 278 856 12. Cfeditors: Amounts falling due within one year 2024 2023 Tr8d8 cr8dilors Accru81s and deferred income 1.933 690 780 780 2. 623 13. Financial instruments 2024 2023 Financial assets Financial assets measured at fair value through income and expenditure 9,835 21.215 14. Statement of funds Statement of funds - current year Balance at 31 March 2024 Balan¢e at 1 April 2023 Income Expenditure Unrestricted funds General Funds - all funds 24.682 32,907 144,093) 13,496 Page 13
WRINGTON MEMORIAL HALL & RECREATION FIELD COMMITTEE NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Analysis of net assets between funds Analysis of net assets between funds - current p6riod Unrestricted funds 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 4,163 10.113 (780) 4.163 10.113 1780) Total 13.496 13,496 Analysis of net assets between funds - prior period Unrnstricted funds 2023 Total runds 2023 Tangible fixed assets Current assets Creditors due within one year 5.234 22.071 12.623) 5.234 22.071 f2, 623) Total 24.682 24. 682 Page 14