Churchgates n Financial Statements Drinkstone War Memorial Institute For the Year Ended 31 March 2025 Charity No. 304876
Drinkstone War Memorial Institute Financial statements ft•r the year ended 31 March 2025 Trustees, Report for the year ended 31 March 2025 The TteeS submit their rqK)rt 2nd the accounts for the year ended 31 March 2025. The 2ppointment of twstees took place at the committee meeting lollowing the Annual General Meetsng on 10 Junc 2024 vlhcn thc following wcrc rc-clcctc(L Chair and Tn7stee Vice Chair and Trustee Susan Foulsham Robin Sharp Ixsley Canham Nichola5 Hill Sccretaty aod Ttee Trc25urcr 2nd Tntee Trstee Liadi Be Trustee Sheila Bcswick Ttee Valerie Birkett TnLStee Brcnda Elphick Susan Gorcham Tti]stee Trustee Hannant Trstee Shci12 Richcs In addition there we the following rcprcsentstive (ex officio) members of the committcc. Non.voting rq)resentattve (for PQ Chrffistine Emery Non-voting reptcsentativc (for PCQ cls11ne tAmE Objectives and Activities The use of the land and bujldjngs for a memorial to the p)arishioners of Dtinkstonc who fcll in the Great W2r of 1914 _ 18 2S 2 public or sryllsge hall for thc purpse of phFSiC212nd mentsl trgjnu4 and rccre2tion31 3nd so(iaL mor312nd intdlectu21 dcvdopmcnt through thc mcdium of re2dll]g 2nd recrearion rooms. brary, lectures. classes. recreations gnd cnicrt3tnmcnt ot othcThFise 2s may be found expe(h"ent for the inh2bir2nts of the P]Sh of Drinkstonc. The trustces have duc rcgard to the Chglity" Comn)Assioft guidance on public bencfit. Achievements and perforniance The con]mittee and trustees continuc to organise events to SUPFK)rt thc runni costs of thc hall vlhich 15 available to the community of Drinkstonc for hirc for a vaticty of local uscs.
Drinkstone War Melnorlal Institute Financial statements for the year ended 31 March 2025 Trustees, Report for the year ended 31 March 2025 Financial Review Going concetn -4ficr making appropriate cnqutties, the uvstees havc g re2son2ble expectation that the chsrity, has adequ2te resources to continuc in oper2uong1 existcncc for the foreseeable futurc. For thts re2s0n thci" continue to adopt the going concern b2sis In preparing thc fin2nci21 sratements. FAnaoce The General Fund ts uorestticted and rdates to thc receipts from lettin& rccychng, donations, feed in t2riff and gross income from fid r215 'ents aod actilryties. Pa)ments iacludc the c2rer2ker, dectriary, insurance. watcr. br02db2n(L Fund raising cxpcnses and purchases in conneciion with the Hall. During the vcar 3 leg2cy of £15,646 was reccii.cd from the esr2te of Nlr5 Nl. Tvor-jones deceased. The Trustccs hai-c dccided to form a new fid Thc li-or-Jones l£gacs' Fund. so th2t the gcncrous leg2cy can be used for future capt121 projects. The New 112ll Fund is resttictcd and covcrs the depreciation of the building and related assets. "rhc hlainrcn2nce Fund is designated and was creared to cover known and unforeseen maintenancc of the hall rathcr than routine repairs. The Ivor-joftcs l£gag Fund ts desyiated for capital proiects. B2nk and cash balanccs at the )e2r were £13.(KK) in the General Fun £55J7) in the I2[en2nCe Fund and £15.646 in the Ivor-Jone5 Ixgacy Fund. Reseries policy It is thc charity's policy to maintain rcscrves in the General Fund to coNer 2 mmimwn of onc ycar's annual cxpcndtture. StNcturei governance and management Thc Trust Is constituted under a declaration of trusi d21ed l April 1921 and a Schane approved by thc Board of the Chanty. Commissioncrs for England and iX:2Ies on 6 Noi"ctnber 1951, as amendcd by resolution datcd 12 Junc 2017 and a resolution datcd 27 Novembcr 2017. The regtstration numbcr is 31)4876. Thc trustccs 2nd committee operatc thc Hall on 2 d2v ro day basts. None receiiTe an! remuncrgtion.
Drinkstone War Memorial Institute Financial statements for the year ended 31 Maych 2025 Trnstees, Report for the year ended 31 March 2025 Trnstoes, responsibility statement The trnstees 2re responsible for prep2ting the Tntee$, report and the finan(i21 st2ieo]ents. The ttustecs are rcquired to: Sclcct suitable accounfing policics 2nd then appty them consjstentty. Make iudgcmcnts 3nd 2ccounting estim2tes that are reasonablc and prudcnL Piq)are the [2cIal ststements on the going concern basi5 unles5 It ts inappropiiatc to presume that thc charity will continuc in opctation. The ttustees are responsjblc for kcq)ing adcquatc accounting records that are sufficitht to show md eYp12in the chan"ty's transactions and th"sdose with rca50nablc accur2CI" at 2ny rime the flnancial Position of the charitj. They are 3150 responsible for saleguxrding thc asscts of the ch2llThT and hence for talung rcas0112blc stq)s for thc prevention 2nd derection OE fraud and othcr ittcgu13n"tics. The report was approvcd by the TnteeS onl.V.£Ath& signed on thcir bchalf bT.- Susan Foulsham Chair Nicho135 Hill Treasur
Drinkstone War Memorial Instltute Financial statements for the year ended 31 March 2025 Statement of Financial Activities for the year ended 31 March 2025 General fund 2fj25 2024 General fund - untesttACted Income L£rtings Refimdable deposits Recycling Fund raising events (note 2) Fund t2ising activities (note 3) Donations and sundry rcceipts Legaci. from the eststc of Mrs M Ivor-Jones deceased (notc 6) Tuesday Club IL*cal Authority grants E.O.N. F.l.T. RcfillLds Interest 9.424 6.998 700 873 3,821 2,985 439 250 766 354 299 351 38.832 17J46 Deduct Expenditure (except capital expenditure) Rcfundcd deposits Carct2ker Clcancr Electticity Water ratcs Repairs, maintcnance and gcneral purchases (note 5) InsurAnces Broadband Firc prevention/ licences/securiry Indcpcn(Icni examiner Sundry cxpenses Fund raising cvcnts cxpcnscs (note 2) Fund raising activitics cxpcnses (noie 3) Bank charges 393 2220 1,998 114 6.769 967 112 352 144 419 1.651 1,156 2,413 4488 167 194 lll7 144 769 2J39 95 17.2(K 17,09) Excess of income 2L632 251 B21ance broughr lotW9 13.0(K) 34.632 (5,986) (,646) 13,251 {251} Transfer (to) The M2Jnten3nce Fund - net (notc 5) Transfer (to) The Ivor-jones t42cy Fund (notc 6) B21ance carticd forward 13,OCKI The accompanying accounting policies and notes fomi part of these financlal statements.
Drinkstone War Memorlal Institute Financial statements for the year ended 31 March 2025 Statement of Financial Activities for the year ended 31 March 2025 New Hall Fund - restricted Maintenance Fund - designated Ivor-Jones I£g2cy Fund - designated 2024 New Hall Fund- testricted Expenditure (except capAtal cxpenditute) Deprcciation 6,619 6.619 (Deficit) of expenditutc over income (6,619) (6,619) Ba13nce brought fotward Balance canied forwgrd 264,T74 271,393 258,155 264.774 Maintenance Futsd- designated income attd expettditute Balance brought fotward Transfer from General Fund (see note 5) Tnmsfer to General Fund (see note 5) Balance carzied fotW2rd 49J89 9,193 (3207) 55J75 49,138 6.082 (5,831) 49,389 Ivot-Jone8 lzgacy Fund- designated income and expenditure Balance brought fotward Transfer from General Fund (see note 6) Expenditure Balance carried fOard The accompanyln9 accountln9 policles and notes forni part of these financial statements.
Drlnkstone War Memoyial Instltute Financial statements for the year ended 31 March 2025 Statement of Assets and Liabilities at 31 March 2025 M9intellance Ivoi-joncs fund L43cy fAd designatcd deSigted New Hall Total 2025 Totsl 2024 Gencral fund unrcstticied restrACted Fixed assets Buildu)g (note 4) FiXne5 & fittings (notc 4) L2ndsc2ping (note 4) 2)3.110 253,110 259,600 5,04) 5,04S 5,174 258,155 25&155 264,774 Cuttettt assets Bard2ys Baok - Savings account Bardays Bank . Community account Cambrkdgc & Counties B2nk I year Bond Cash in hand 1280 24,105 li,646 42,031 25,969 9,704 9,704 5.728 31270 31270 30.000 L016 692 1.016 13,( i),375 li,646 84,021 62,389 13,(KK) 5iJ75 15.646 258,155 341176 327,163 Funds General fimd 13.IKK) 13,(KlO 55J75 15,(A6 258,155 264,774 13,(K)O 49.389 55J7i Ivor-jones 14acy fia New Hall fid 15.646 258,155 13,(KM) 55375 15,646 258,155 341176 327,163 Approved b}. thc TteeS on ... and signed on their bthalf by. S Foulsham
Drinkstone War Memorial Institute Financlal statements for the year ended 31 March 2025 Accounting policies Basis oEprepat2tion of financial ststctnents The accounts 2re on a rece4)ts 2nd paymcnts basis for income and cxpendirute. The direct costs OF construction of thc new hall and fixrurcs and fittiags are c3pira]isc(L 1.2. Tangible fixcd assets and depreciation T2ngible fixed assets are cattied at COSL net of dq)reciation. Depreci2tion is providcd st rates calculAted to write off the cost of fixed assets ovcr their expccted uscful Iwcs on the follow Inses:_ Buildmgs Fixtures and fittings Landscaping 50 years Strajghr ]ine 4 years Strgighi line 50 years str2ght line 1.3. Fund accounting Gcneral fid5 atr unre5ttiCted fiJn(Ls which are available for use 2t the discretion of the trustees in futtheraocc of the gener2[ objcctives of the chariry and which h2ve not been dcsgn2ted for othcr PULposes. Designated fimd5 are those set 2side by the tntstCC5 Eor specific purposes. Restticted Funds 3re ndS which are uscd in accoidgnce 1th spccific restrictions imposed by donors or which havc been raiscd by the chatity for particular pU4se$. Fund raising events - General fvnd 25 Income Expeoditute 2024 Income Expcndlture Pub nght Sale Tt2il Chtisttnss event Pantomime Quiz night Race mght Film Dht Coronation event Childrens ChrA5trnas party 1.680 Llli 712 2.063 445 908 207 87 561 159 1,631 91) 655 1,017 95 59 620 16 150 147 167 615 417 6.626 1339 3,821 1,651
Drinkstone War Memorial Institute Flnancial statements for the year ended 31 March 2025 Fund raising activities - General fund 2025 Income Expenditure 2024 Income Expcnditure Vdlage draw Village draw- fiinds hdd in adi.gnce of draw 1.955 1.09) 2312 312 361 1,156 L955 LO I,li6 Village draw fimds are also held for a draw to take placc after 31 March Fixed Assets New Hall Fund Fixmres & fittings IAnd6caping Builditig Total Cost b/f at l Aptil 2024 Ad(htions 324.5(K) 6,464 336262 c/f at 31 M2rch 2025 324,) 5,298 336,262 Depteciatio b/6 at l Apiil 2024 Ch2rge for thc )"car c/f 2t 31 March 2025 i298 1290 1?9 71.488 6,619 6,490 71390 5.298 1.419 78,107 Net book" valucs at 31 Nlarch 2025 £2i3.110 £5,04) £2i8,155 The new bvildAng w2s completed during the Trrar ended 31 Nlarch 2014. It has been dcprcci2ted with cffcct from I ,Ipril ?014, cogerher wtth the reIated fLXtures and fittings and landscapjng. Maintenance Fund A N12intenancc Fund has been estsbh.shed as a dcsign2ted fund 10 coi'cr maintenancc olthe New Hall. An amount of £3,207 was spcnt on mainteoancc in the }'ear and sei off againsr thc filnd. A transfci to d)e fund was madc of £9,19.3 in ordcr to rcplenish it and to proirydc sufficieni funds Eor fuDJre majntenance. Ivorone5 Legacy Fund This fLuid w2s established In the Feat as 3 result ol the generous Icgac). from Mrs M Ivor.Jones. The amount receiired of £15,646 has bccn transferred to a desgnatcd tund so that it Can bc uti]ised for future capital projects 31 the discretion of the Trustees.
Drinkstone War Memorial Institute Flnancial statements for the year ended 31 March 2025 Reserves In 2ccordance Ivith thc ChattS Rcsctvcs Policy. it has been 2greed dt 2 minimum of £13,0 should bc held in the Genergl Fun(L Accordingly the fia h2s been held at this level following the transFcr to the Maintenance Fund (refer note 5) and the transfer to the Ivor-jones T42c) Fund (refcr notc 6).
Drinkstone War Memorial Institute Financial statements for the yea¥ ended 31 March 2025 10 I report on the accounts of Drink5tone War Memorial Institute forthe year ended 31 March 2025, which are set out on pages I to 9. Thi5 report is made soletyto the trustees. as a body, in accordance with the regulations made under Section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the charty's trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent pem)itted by law, I do not accept orassume responsibility to anyone otherthan the charity and the charity's trustees, as a body, for my work, for thi5 report, or for the opinions I have fomied. Respective responsibilities of Trustees and Examiner The charitrfs trustees are responsible for the preparation of the accounts. The chariVs trustees consider that an audit is not required forthis year (under section 14412) of the Charities Act 2011 (the Act)) and that an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Art: to follow the procedures laid down in the general Directions given by the Charity Commission under section 145{5){bl of the Act. and to State whether particular matters have come to my attention. Basis of Independent Examiner's statement My examination wa5 carried out in accordance with the General Directions given bythe 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 disc105ures in the accounts, and seeks explanations from you astrustees 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 whetherthe accounts presert a true and fair, view and the report is limited to those matters set out in the statement below. 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 giving me cause to believe that in any material respert." accounting records We not kept in respect of the Charity as qUIred by section 130 of the Act; or the accounts do not accord wtth those records. I have no concerns and have come across no other matters in connection with the examination to which attention should b wn in this report in order to enable a proper understanding of the accounts to be reached. Robin Jackson FCA Churchgate Accountants Limited Langton Place Bury St Edmunds