COWFOLD VILLAGE HALL TRUST
BALANCE SHEET
AND
ACCOUNTS
FOR THE YEAR ENDED
31ST DECEMBER 2024
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COWFOLD VILLAGE HALL TRUST
BALANCE SHEET AND ACCOUNTS AS AT 31ST DECEMBER 2024
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| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| ASSETS | |||||
| Freehold Property at book value | 3,000 | 3,000 | |||
| Cowfold Village Hall ( Note 1 ) | |||||
| Cash | |||||
| Current Account | 5,004 | 5,218 | |||
| Savings Account | 82,366 | 87,370 | 73,593 | 78,811 | |
| Less | |||||
| Accrual | 150 | ||||
| TOTAL NETASSETS | 90,220 | 81,811 | |||
| Represented by: | |||||
| CAPITALAND GENERALACCUMULATION FUNDS: | |||||
| Balance at istJanuary 2023 | 58,769 | 59,615 | |||
| Add Net Surplus forthe year | 8,409 | - | 846 | ||
| 67,178 | 58,769 | ||||
| Renovation and Improvement Fund | 23,042 | 23,042 | |||
| 90,220 | 81,811 |
Note 1
Since no property valuation has been professionally given upon the freehold property, it remains in the accounts of the Trust at the original transfer value on the 28th August 1954. However, it is to be noted that insurance cover relating to the rebuild costs is based upon £2,084,640 ( including the outbuildings ) as independently confirmed.
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COWFOLD VILLAGE HALL TRUST
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| ACCUMULATION FUND | |||||
| Income | |||||
| Hire Income | 19,443 | 13,717 | |||
| Grants and Donations | |||||
| Gross Interest Receivable | 773 | 452 | |||
| Property Rental Income | 12,460 | 10,566 | |||
| Sundry Income | 16 | ||||
| 32,692 | 24,735 | ||||
| Expenses | |||||
| Council Taxand Refuse Collection | 471 | 445 | |||
| Insurance | 2,626 | 2,448 | |||
| Light, Heat andWater | 5,861 | 6,965 | |||
| Wages | 7,419 | 6,272 | |||
| Rental Management Charge | 806 | 778 | |||
| General Maintenance | 4,242 | 1,988 | |||
| Major Renovation Work | 4,328 | ||||
| Postage, Telephone and Stationery | 1,327 | 1,052 | |||
| Cleaning | 1,169 | 601 | |||
| Sundry Expenses | 212 | 192 | |||
| Professional Fees | 150 | ||||
| Equipment | 512 | ||||
| 24,283 | 25,581 | ||||
| NETSURPLUS/(DEFICIT) | 8,409 | - | 846 | ||
| Less | |||||
| Transferfrom Renovation and Improvement Fund | |||||
| BALANCETRANSFERREDTOACCUMULATION FUND | 8,409 | - | 846 | ||
| 2024 | 2023 | ||||
| RENOVATION AND IMPROVEMENT FUND | |||||
| Balnce brought forward | 23,042 | 23,042 | |||
| Balance to Accumulation Fund | 8,409 | ||||
| BALANCECARRIEDFORWARD | 31,451 | 23,042 |
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independent examiner's report to the trustees of Cowfold Village Hall Trust
We report on the accounts of the Cowfold Village Hall Trust for the year ended 31st December 2024, which are set out on pages 2 to 3.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (The 2011 Act) and that an independent examination is needed. It is our responsibility to:
examine the accounts under section 145 of the 2011 Act
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act : and to state 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 Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with the records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and therefore 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 examiner's statement
In connection with our examination, no matter has come to our attention:
1 Which gives us reasonable cause to believe in any material respect the requirements: to keep accounting records in accordance with section 130 Of the 2011 act, and to prepare accounts which accord with the accounting records and comply with the requirements of the 2011 Act have not been met.
2 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
David Howard
Chartered Accountants
re
Report of the Officers of the Cowfold Village Hall Trust
For the year ended 31st Decemeber 2024
Chairman J.Bailey Deputy Chairman J. Balwin Treasurer G.Ekins Secretary A.Favell
Organisation and Structure
Due to the limited nature of the charities activities, decisions are made by the trustees as needed when they meet.
Principal aims and activities.
The principal aims of the charity during the year was to run and maintain the Village Hall
The results
The operating surplus for the year ended 31st December was £8,409 . This compares to a deficit of £846 last year.
The surplus for the year has been transferred to the Accumalted Fund which now stands at £67,178 as against £58769 last year.
The Renovation Fund remains at £23,042.
.
The balance in the Trust's bank accounts at the 31st December 2024 stands at £87,370. This compares to a balance of £78,811 this time last year.
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Chairman
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