## Jacobs Well Village Hall Trust
## Report of the Trustees
## for the year ended 30th June 2023
The Trust is in place to serve the residents of Jacobs Well and the surrounding communities in maintaining the Village Hall. This involves managing the Hall, the provision of a venue for the community organisations to gather and socialise, and to manage lettings of the hall to ensure that the financial resources, are available to maintain the fabric and the operation of the hall.
The Trustees meet as required and also communicate via email and telephone to consider the management of the hall and review its finances. The day-to-day monitoring and maintenance of the premises is carried out by our Hall Manager.
After the problems of the Covid lockdowns etc, The hall bookings picked up again rapidly and hire income returned to near normal.
However, running costs increased significantly due to increases in utility costs. I.e. Gas. Electricity etc. The trustees reluctantly have had to increase hire charges to accommodate these.
The trustees are aware that a number of aspects of the fabric of the hall will require serious attention and expenditure in the next few years. Some “running repairs” have been required and are continuing.
The Jacobs Well Village Hall Trust has ceased operating as of the 30 June 2023 and has begun asset transfer over to the Jacobs Well Village Hall, CIO.
**Charity No. 305068**
## **Jacobs Well Village Hall Trust**
**Report of the Trustees and statement of accounts**
**for the year ended 30th June 2023**
1
## **Jacobs Well Village Hall Trust**
**Officers for the year ended**
**30th June 2023**
## **Trustees**
Mr. David Capon
Mr. Robert Clark
Mr. George Davison-Lungley
Mr. Jeffery M. Dubery
2
## **JACOBS WELL VILLAGE HALL TRUST**
## **Independent Examiner's Report to the Trustees of JACOBS WELL VILLAGE HALL TRUST**
We report on the accounts of the trust for the year ended 30 June 2023, which are set out on pages 2 to 6.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charities Commissioners under section 43(7)(b) of the Act, whether particular matters have come to our attention.
## **Basis of independent examiner’s report**
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In connection with our examination, no matter has come to our attention:
- 1) which gives us reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 41 of the Act, and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act, have not been met; or;
- 2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Power In Numbers Ltd**
25 March 2024
**Page 3**
## **Jacobs Well Village Hall Trust**
Profit and Loss account
For the year ended 30th June 2023
**----- Start of picture text -----**
2021/22 Income 2022/23
49,178.53 Hall Rental 55,212.25
- 404.00 less Refunds - 201.00
48,774.53 Hire income net of refunds 55,011.25
1.95 Bank interest 75.99
52.00 Lottery contributions 46.00
2,667.00 Covid Grant
SCC grant
51,495.48 55,133.24
Expenditure
5,576.08 Contract admin services 7,397.69
6,840.00 Hall cleaning services and materials 7,112.49
3,103.78 Insurance 3,349.32
1,409.50 Refuse collection and disposal 2,520.85
7,740.60 Utilities 12,329.51
543.79 Alarm system 694.21
2,962.23 Premises maintenance and repairs 2,230.03
604.80 Internet line and ISP 604.80
300.00 Independent Examiner fee 300.00
965.20 PRS/PPL music licence 1,749.83
30,045.98 38,288.73
21,449.50 Excess of income over expenditure before amortisation 16,844.51
2,494.52 Amortisation for the year 2,309.99
18,954.98 Excess of income over expenditure 14,534.52
after amortisation
**----- End of picture text -----**
## **JACOBS WELL VILLAGE HALL TRUST**
## **Balance Sheet**
4
## **as at 30 June 2023**
|**Accumulated Fund**
**2021/22**
58,494.29
Accumulated Reserve brought forward
as at 1 July 2022
18,965.93
Excess of income over expenditure for the year
Accumulated reserve carried forward as at
77,460.12
30 June 2023|**2022/23**
77,460.12
14,534.52
91,994.64|
|---|---|
## **Signed:**
**Date**
**George Davison-Lungley Treasurer 20-Jan-24**
**5**
## **Balance Sheet (cont)**
## **Represented by Fixed Assets** Village Hall and Car Park
**2021/22**
**2022/23**
**----- Start of picture text -----**
37,928.09 Net Book value as at 1 July 2022 36,031.69
Additions this year
Less Grant Aid received
1,896.40 Amortisation at 5% 1,801.58
36,031.69 Net Book value as at 30 June 2023 34,230.11
Furniture and Equipment
3,987.48 Net Book value as at 1 July 2022 3,389.36
Additions this year
598.12 Amortisation at 15% 508.40
3,389.36 Net Book value as at 30 June 2023 2,880.96
39,421.04 Total Fixed Assets 37,111.07
Current Assets
20,124.11 Current Bank Accounts no. 1 19,544.84
3,790.66 Current Bank Accounts no. 2 6,597.91
14,272.67 Business Saver Account 29,348.66
Debtors
100.00 Floats for Office Holders 100.00
38,287.44 Total Current Assets 55,591.41
Current Liabilities
Creditors
- 774.21 Expenses Accruals - 707.84
37,513.23 Net Current Assets 54,883.57
76,934.27 Total Assets as at 30 June 2023 91,994.64
0.00
6 0.00
**----- End of picture text -----**