WARNHAM VILLAGE HALL REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024 WARNHAM VILLAGE HALL INDEX Year ended 31 March 2024 Page Genernl Inform3tion Report of the Trustee5 Statement of Financiil Activities alance Sheet Accounting Policies Note5 to the h'nancial Sutements Report of the Independent Examiner WARNHAM VILLAGE HALL GENERAL INFORMATION Year ended 31 March 2024 Managing Trustees Geoff Read (chairman) Lavina Bennett (treasurer) Tracey Ma(hias (secretary} Judith 8arns PameLI Fr3nczak Ann Lloyd Claire Martyn MargareE Richmond FKgna Robinson 8111 Thornton Ga¥in Turfey Custodian Trustee Warnham Parish Council Address Hollands Way Warnham Horjham West Sussex RH123RH Charity Number 305436 Banlrer5 Lloyds ￿nk plc I West Street Hor5ham West Sussex RH12 IPA Independent Examiner Stuart Ritchie FCA R[[Ch￿ Phillip5 LLP Ground Floor South Suite Aftsrt House Worthing Road Horsh3m Vlest Sussex RH12 ITL WARNHAM VILLAGE HALL REPORT OF THE TRUSTEES Year ended 31 March 2024 The tru5tee5 Submit their report and accounts for the year ended 31 March 2024. Trust The trust was created by an indenture dated 24 June 1891 and 15 now held undcr the provisions of the Schewne dated 5 November 1971. Trustees The names of thc present manayng tru5tEes are slated on pw 2 and they ill served throughout the year other than Claire Martin who was appointed on l February 2024. Objects The charity is established to provide and maintain Warnham WIlFage Hall for the benefrt of the inhabitsnt5 01 Warnham and the rneighbourhood without distincuun of politiC31. religious or other opinions. including use for meetings, lectures and classes ind for other form5 of recreation 2nd leisure time (xcupation with the obiect of IMpr￿1n8 the condition of life for the said inhabitants. Organisation The Yillagc h3111s available for hire by any indwKJual or org2ni5ation in accordance with the standard hiring condityon5 2nd scale of chir8es adopted for the year. Thc rn3naging tru5tee5 are elected or appointed on an annual basis. the officers being elected from their number. At the Annual Gener21 Meetin& village Or￿niSatIOnS nominate nine member& the Parish Council nominates three members and fwe rnembers are elccted. In addition. the VKar of Warnham serves as an ex-offitio member 2nd during the year. the manwng trustees may co-opt two members. New trustees are inducted in the workings of the village hall and thc re5porsrbilities of chariry trustee5 through Self learning, discussion with continuing trustee5 and wovi5ion of infortTFation provided by the Charity Commi55ion. Public benefit The trustees consider that the charity's objects 2nd orgaftisat￿n rneet the test of public benefit. The trustees have had regard to the guidance of the Charity Com[n￿51￿n in conducting their activi(￿$ in the year under reyicw. Review of the year Throughout the year the hall continued to ￿ well used a5 a community frdcility. Usage of the hall Users of the hall fall into groups.. reguLar users and occasional users. Regular users typically use the village h311 as their Ma￿ meeting pknce. 8ooking5 from occasional users are mainly for meetings, partie5 for adults 3nd children and weddings_ Lotting income has increased by approximate5y 30% more than last year due to the increased number of rÈgu13r user5 of the hall. Financial review The financial results for the year are set out in the Statement of Fin2ncb31 Activtues on page S and financial p051tiorn at the year end in the balance sheet on page 6. with supplementary inforniation in the noie5 to the financiil statetnents. In the Staiement of Financial Activities. the financ￿1 resulrs for the year arc dNided between the general fufid, which records the unrestricted income and expenditure ol the charity and the property fund which 15 the perrnanent endowment of the village hall held by the charity. Total Income has increased fmm £30.616 to £40.431 and total Èxpenditure has incre3sed from £17.318 10 £25.501 resulting in an operatirng surplus of £14.930 (2023 £13.298). WARNHAM VILLAGE HALL REPORT OF THE TRUSTEES Year ended J l March 2024 Risk pollcy The managing tru5tee5 have asse$5ed the main risks fdced by the charrty 2nd have taken steps to mIt￿ate those risks. Reserves policy The managing trustees consider the unrestricted incorne funds ol the charity to be sufficient I￿Ven the likety expenditure of Ihe charity in the short term and they intend maintsining this le¥cl of reserves in the coming years. Orn behalf of the Tru5tee5 GEOFF READ. Chuirmon It 20&4 WARNHAM VILLAGE HALL STATEMENT OF FINANCIAL ACTIVITIE5 Year ended 31 March 2024 Tot31 1024 TOL31 2023 Fund Incoming re50urtts lal From donitiorts aTrd lega¢ies Don4tion5 Grant5 receiv3ble'. GDYerDrnenLKraill 2.orx) {b) From ch*ritable att￿ltIeS Lerting rhirges io rqulir users Letting chirges to usef5 Sundry Into￿ 19.6JO 8.018 119 29.630 028 23.436 &993 37.7B7 37.787 30.519 Icl InYe5trnEnt wbcomc UK interert 621 644 B7 Total incomin¥ r¥ource5 40.408 23 40.431 30.616 Resour(e5 wended C05t ol charitknle activitie5- Insurance prcmiurn5 Waste disw5al Bu5ihÈgs *i*r ratE5 Eleciriti 1.251 717 1151 727 719 3.364 642 1.864 3.280 210 2.373 1.277 3.556 314 7.367 1.371 Qreukers ooklng secretsry Windov¢ cleaning Premises ryirs Equipment reyir5 3.556 7,3G7 244 1.030 742 347 915 699 1.030 742 Telephone and internei exwnses Sundry eKpen5E5 DewetiatiQ Profiton diSW5al Df fixÈd issets 1801 Total re5oyr¢es expended Net incoming resaurtes before tran5fvs Tr3n5ferS berween lund5 IS501 15.501 21 Q3 14.930 13,298 23 Net irteoming resourtes belve in¥estm*ilt assets movtm¢n¢s 14.930 14.930 13.29B Gain on Investrncnt a55eL% Net moyement in fund5f¢Jr the year 14.930 14.910 13,298 Total funds trought forward 56.604 270.146 326.75Q 313.451 Tot￿ lunds carried foryrtard 71.534 270.146 341,680 31&750 The notes on pages 8 and g form part of ￿le firwKol sttrwTrents WARNHAM VILLAGE HALL BALANCE SHEET Year ended 31 March 2024 G￿er11 Fund To 2024 Total Inctyne Capitsl 1023 Fixed assets Tangible assets 267.626 169.618 268.807 Current a•*•ts Debwrs and prepayments Cash ar bathk and in hand &407 69.017 6,4e7 71.537 3.231 59.(M)8 2,520 75.424 2.520 77,9H 61239 Creditors: aM(￿ntS fallin¥the within one year 14.8811 14,882 14.2961 Net current assets l (liabilitieg) 1,520 73,062 57,943 Tot￿ a55Ets less current li*bilities 270.146 341,680 32&750 Representsd ty. Unrestricted Incor￿ funds Restricted inrome funds Permanent endoivmBnt 71.534 71.534 5&604 270.146 270,146 270.1 71534 27Q146 341,680 326.750 The financi￿ staEwnents on pazes 5 tts 9 werE by the Trus￿ l.k.••424 aThl *tre sryne