TIVERTON WAR MEMORIAL FINANCIAL STATEMFNTS YEAR F.NDED JI MARCH 2024 Contents Page Legal and administrative details Trustees report Accountants, report Receipts and payments account Statement of assets and liabilities Notes to the account TIVERTON WAR MEMORIAL LEGAL AND ADMINISTRATIVE DETAILS Charity name War Memorial Library - Tiverton Charity registration number J06639 Principal address Windsor Rackenford Tiverton Devon EX16 8ER Trustees Mr K A Finan - Chairman Mr l L PuosleN" Miss R Cottier Mrs H Mead Mr R Horsey Mr G I lethcringlon Mr P L 13arton Mrs J R Rcndle Mr M Sloneman Secretary Mrs S Newton Accountants Apsleys LLP Chartered Accountants 21 Bampton Street Tiverton Devon EX16 6AA TIVERTON WAR MEMORIAL TRUSTEES REPORT YEAR ENDED 31 MARCH 2024 Structure, Governance and .%lanagement Type of governing document Constitulion How the charity is Constit￿ed I'rust Trustees selection methLxI Any vacancy will be filled by appointment by the remaining trustees Objectives and Actii"ities Princi al ob'ects l. The provision, equi￿ maintenance of a public library in the borough of Tiverton 2. The promotion of ed￿31](￿L rt literature, science and other like purposes for the use and benefit of the inhabitants of TiN'ertCXL all as a memorial to the men who died in the Great War. Main activities The trustees own the twilding &s the Tiverton War Memorial Library and Public Hall. Part of the building (including PublK Hall) is let to the Riverside Club who operate a members club in the basement. Trustees consider req￿sts f(x grants in connection with the second of Ihe principal objects. Grant of £Nil (2023: £500) was paid ￿ fi%rrtLm %luseum. Financial review The trustees continue to see of their main responsibilities as being to maintain a reserve fund for repairs and maintenance to the NN"ar Menxxial building which is Grade II listed. Other The trustees have had regard 10 the Charity Commission guidance on public benefit and believe this is achieved via the charity's objectives and activities. This report was approved b)" the board on I s - i 0 - 202Lt and signed on its behalf by Kevin Finan Chairman INDEPFNDENT EXAMINER'S REPORT TO THE TRUSTEES OF TIVERTON WAR MEMORIAL I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2024 which are set out on pages 4 to 7. Responsibilities and basis of report As thc charity trustccs you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act,). I report in rcspect of mv exarnin￿ of the charity's accounts carried out under section 145 of the Act and in carrying out my eLiMin￿lOn I have follov•rd all thc applicable Directions given by the Charity Commission under section 14i(iXb) of the Act. Independent examiner's statement I have completed my examination. I confirni matters have come to my attention in connection with the examination giving me cause to in anv material respect: accounting records wcrc not kept in resI￿rt of ttr dEarits" as required by seaion 130 of the Act; or 2. the accounts do not accord with those record£ < I have no concerns and have come across no other m*Jcz5 with the examination to which attention should be drawn in this report in order to of the accounts to be rcached. Phil Morrish Apsleys Chartered Accountants •1 knpton Street Ll16 6.&4 Date: TIVERTON WAR MEMORIAL RECEIPTS AND PAYMEN'I"S ACCOUNT YEAR ENDED )1 MARCH 2024 Note 2024 2023 Receipts Rent The Riverside Clu Tiverton Physi he Locker Stas Red Yew 4,000 3,000 7,500 4,000 629 8,121 12,750 14,500 Investment income Investment portfolio COIF Charities deposit interest 8,256 2,280 7,944 424 10,536 8,368 Other receipts Contribution towards expenses Proceeds from the sale of investments Donations 1,249 1,735 683 26,285 23,536 Payments Property and administration Property repairs and maintenance Professional fees Fleating, water and insurancc Stockbrokevs fees Secretatys honorarium Grants Purchase of investments 35,625 1,326 3,269 796 750 6,738 4,620 4,123 791 1,250 500 7,424 49,190 22,905 18,022 5,514 Surplus of receipts over payments Excess of payments over receipts As at l April 2023 Balances at bank As at 31 March 2024 Balances at bank 76,535 71,021 53,630 TIVFRTON WAR MEMORIAL s'rA'I'EMEN"r OF ASSE'I'S AND LIABILIJ'IES YEAR ENDED 31 MARCH 2024 Note 2024 2023 Freehold property War Imemorial and Public Hall, Tiverton Not valued Not valued Investments at cost 214.4)8 207,034 Debtors and prepayments 4,044 Balances at bank 5i.6iO 76,535 Creditors and Accruals Net Assets 287,613 TIVERTON WAR MEMORIAL NOTES TO"fHE ACCOUNTS YEAR fNDED 31 MARCH 2024 l. Freehold Property This is a building known as The War Memorial Library and the Public Hall in Tiverton. As you can see from the Statement of Assets and Liabilities, these have not been profcssionally valued. 2. Investments 2024 2023 Cost as at l AFril ?O?J Purchases Equalisation Sales Net gaIn￿(losses) Cost as at ) l March 20?4 207,034 7,424 (20) 207,559 (68J) 158 207,OJ4 214,4J8 3. Debtors and Prepayments 2024 2023 Buildings insurance prepayment 4,044 4,044 4. Balances at bank 2024 2023 COIF Charity Deposit Fund Natwest Current Account Balance held by Stockbrokers Deposit Account Dividend Account 42,704 10,363 50,424 25,584 563 527 53,6iO S. Creditors and Accruals 2024 2023 Secretatys Expenses Accountancy 540 540 TIVERTON WAR MEMORIAL NOTES TO TIIE ACCOUNTS YEAR ENDED 31 MARCH 2024 6. Property repairs and maintenance 2024 2023 Fire alarm maintenance and repairs Boiler lectrical Wiring Roofing work Cabling for meter fitting Weed removal EPC 766 17,405 5,384 11,299 327 264 180 1,101 2,068 Door repairs Laying slabs Electrical Installation Condition Report 692 2,481 396 6,738 35,625 7. Heating9 water and insurance 2024 2023 Heating Water Building and lift insurance 185 3.084 3.269 4,123 4,123