REGISTERED CHARITY NUMBER: 310287
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2023
for
Curry Rivel Village Hall
Somerset Accountancy Services Ltd 22 Wessex Park Bancombe Business Estate Somerton Somerset TA11 6SB
Curry Rivel Village Hall
Contents of the Financial Statements for the Year Ended 31 August 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 12 |
| Detailed Statement of Financial Activities | 13 | to | 14 |
Curry Rivel Village Hall
Report of the Trustees for the Year Ended 31 August 2023
The trustees present their report with the financial statements of the charity for the year ended 31 August 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The main objectives of the charity are as follows
To provide and maintain a village hall for the use of the inhabitants of the Parish of Curry Rivel without distinction of political, religious or other opinions including the use of meetings, lectures and classes for other forms of recreation and leisure-time occupation, with the object of improving the conditions of life for the said inhabitants.
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document which was updated 25 March 2019, (which was accepted by The Charity Commission on 12 September 2019) , a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 310287
Principal address
c/o Marwood 8 Townsend Curry Rivel Langport Somerset TA10 0HN
Trustees
Mrs C A M Ashton Mr J Haines Mrs D M Haines Mr M G Harding (resigned 7.2.23) Mr P F Wheeler Mrs G Smith Mrs B Clements (resigned 7.2.23) Mrs A Selway Miss H M Morris (resigned 7.2.23) Mrs C Anderson Mr M L Smith Mrs D A Hockley Mrs E R E Cerri (appointed 7.2.23) Mr P J Sleightholme (appointed 7.2.23)
Page 1
Curry Rivel Village Hall
Report of the Trustees
for the Year Ended 31 August 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner Somerset Accountancy Services Ltd 22 Wessex Park Bancombe Business Estate Somerton Somerset TA11 6SB Approved by order of the board of trustees on ............................................. and signed on its behalf by:
............................................................................... Mrs C A M Ashton - Trustee
Page 2
Independent Examiner's Report to the Trustees of Curry Rivel Village Hall
Independent examiner's report to the trustees of Curry Rivel Village Hall
I report to the charity trustees on my examination of the accounts of Curry Rivel Village Hall (the Trust) for the year ended 31 August 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
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 respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
B Evans
Somerset Accountancy Services Ltd 22 Wessex Park Bancombe Business Estate Somerton Somerset TA11 6SB
Date: .............................................
Page 3
Curry Rivel Village Hall
Statement of Financial Activities for the Year Ended 31 August 2023
| 31.8.23 | 31.8.22 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 201 | 57,738 | 57,939 | 3,999 | |
| Other trading activities | 2 | 5,326 | - | 5,326 | 3,578 |
| Investment income | 3 | 9,779 | - | 9,779 | 7,367 |
| Total | 15,306 | 57,738 | 73,044 | 14,944 | |
| EXPENDITURE ON | |||||
| Raising funds | 4 | 20,092 | 47,238 | 67,330 | 10,181 |
| NET INCOME/(EXPENDITURE) | (4,786) | 10,500 | 5,714 | 4,763 | |
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 32,115 | - | 32,115 | 27,352 | |
| TOTAL FUNDS CARRIED FORWARD | 27,329 | 10,500 | 37,829 | 32,115 |
The notes form part of these financial statements
Page 4
Curry Rivel Village Hall
Balance Sheet
31 August 2023
| 31.8.23 | 31.8.22 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | funds | funds | funds | ||
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible assets | 8 | - | - | - | - |
| Investments | 9 | 202 | - | 202 | 202 |
| 202 | - | 202 | 202 | ||
| CURRENT ASSETS | |||||
| Debtors | 10 | 1,141 | - | 1,141 | 14,087 |
| Cash at bank and in hand | 27,181 | 10,500 | 37,681 | 19,056 | |
| 28,322 | 10,500 | 38,822 | 33,143 | ||
| CREDITORS | |||||
| Amounts falling due within one year | 11 | (1,195) | - | (1,195) | (1,230) |
| NET CURRENT ASSETS | 27,127 | 10,500 | 37,627 | 31,913 | |
| TOTAL ASSETS LESS CURRENT | LIABILITIES | 27,329 | 10,500 | 37,829 | 32,115 |
| NET ASSETS | 27,329 | 10,500 | 37,829 | 32,115 | |
| FUNDS | 12 | ||||
| Unrestricted funds | 27,329 | 32,115 | |||
| Restricted funds | 10,500 | - | |||
| TOTAL FUNDS | 37,829 | 32,115 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr P J Sleightholme - Trustee
............................................. Mrs C A M Ashton - Trustee
The notes form part of these financial statements
Page 5
Curry Rivel Village Hall
Notes to the Financial Statements for the Year Ended 31 August 2023
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial reporting Standard applicable in the UK and republic of Ireland (FRS 102) ( effective 1 January 2015)',Financial Reporting Standard 102 ' The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. OTHER TRADING ACTIVITIES
| 31.8.23 | 31.8.22 | |
|---|---|---|
| £ | £ | |
| Fundraising events | 4,582 | 2,745 |
| 200 Club | 744 | 788 |
| Equipment Hire | - | 45 |
| 5,326 | 3,578 |
Page 6
continued...
Curry Rivel Village Hall
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.8.23 | 31.8.22 | |
| £ | £ | |
| Rents received | 9,557 | 7,305 |
| Deposit account interest | 222 | 62 |
| 9,779 | 7,367 | |
| RAISING FUNDS | ||
| Raising donations and legacies | ||
| 31.8.23 | 31.8.22 | |
| £ | £ | |
| Staff costs | 2,001 | 1,872 |
| Water rates | 637 | 391 |
| Insurance | 1,910 | 1,741 |
| Light and heat | 4,450 | 2,790 |
| Telephone | 372 | 442 |
| Postage and stationery | - | 11 |
| Sundries | 166 | 104 |
| Cleaning | 267 | 42 |
| Licences | 403 | 347 |
| Fundraising Expenses | 1,785 | 1,002 |
| Support costs | 557 | 523 |
| 12,548 | 9,265 | |
| Investment management costs | ||
| 31.8.23 | 31.8.22 | |
| £ | £ | |
| Property repairs & improvement (net of insurance claim) | 54,782 | 916 |
| Aggregate amounts | 67,330 | 10,181 |
4. RAISING FUNDS Raising donations and legacies
continued...
Page 7
Curry Rivel Village Hall
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2023 nor for the year ended 31 August 2022.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2023 nor for the year ended 31 August 2022.
6. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.8.23 31.8.22 Cleaner 1 1 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Total fund funds funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,999 - 3,999 Other trading activities 3,578 - 3,578 Investment income 7,367 - 7,367 Total 14,944 - 14,944 EXPENDITURE ON Raising funds 10,181 - 10,181 NET INCOME 4,763 - 4,763 RECONCILIATION OF FUNDS Total funds brought forward 27,352 - 27,352 TOTAL FUNDS CARRIED FORWARD 32,115 - 32,115 |
31.8.23 31.8.22 Cleaner 1 1 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Total fund funds funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,999 - 3,999 Other trading activities 3,578 - 3,578 Investment income 7,367 - 7,367 Total 14,944 - 14,944 EXPENDITURE ON Raising funds 10,181 - 10,181 NET INCOME 4,763 - 4,763 RECONCILIATION OF FUNDS Total funds brought forward 27,352 - 27,352 TOTAL FUNDS CARRIED FORWARD 32,115 - 32,115 |
31.8.23 31.8.22 Cleaner 1 1 No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted Total fund funds funds £ £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,999 - 3,999 Other trading activities 3,578 - 3,578 Investment income 7,367 - 7,367 Total 14,944 - 14,944 EXPENDITURE ON Raising funds 10,181 - 10,181 NET INCOME 4,763 - 4,763 RECONCILIATION OF FUNDS Total funds brought forward 27,352 - 27,352 TOTAL FUNDS CARRIED FORWARD 32,115 - 32,115 |
|---|---|---|
| 14,944 | ||
| 10,181 | ||
| 4,763 27,352 |
||
| 32,115 |
7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
continued...
Page 8
Curry Rivel Village Hall
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
8. TANGIBLE FIXED ASSETS
The village hall property is held in trust for the village. It is not shown on the balance sheet but has an insurance value of £1,423,508 ( 2022 £1,261,975). All other assets purchased are from specific funds raised and these also have an insurance value of £34,816 ( 2022 £29,208).
9. FIXED ASSET INVESTMENTS
| Listed Investments |
|
|---|---|
| £ | |
| COST | |
| At 1 September 2022 and 31 August 2023 | 202 |
| NET BOOK VALUE | |
| At 31 August 2023 | 202 |
| At 31 August 2022 | 202 |
There were no investment assets outside the UK.
The asset shown is at cost and the market value at 30 June 2023 was £281.12 (2021 £378.13).
10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.8.23 | 31.8.22 | |
|---|---|---|
| £ | £ | |
| Debtors and prepayments | 1,141 | 984 |
| Prepayments | - | 13,103 |
| 1,141 | 14,087 |
continued...
Page 9
Curry Rivel Village Hall
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.8.23 | 31.8.22 | |||
|---|---|---|---|---|
| £ | £ | |||
| Other creditors | 1,195 | 1,230 | ||
| 12. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.9.22 | in funds | 31.8.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 32,115 | (4,786) | 27,329 | |
| Restricted funds | ||||
| Roof repairs | - | 10,500 | 10,500 | |
| TOTAL FUNDS | 32,115 | 5,714 | 37,829 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 15,306 | (20,092) | (4,786) | |
| Restricted funds | ||||
| Roof repairs | 10,500 | - | 10,500 | |
| Heating Improvements | 47,238 | (47,238) | - | |
| 57,738 | (47,238) | 10,500 | ||
| TOTAL FUNDS | 73,044 | (67,330) | 5,714 | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.9.21 | in funds | 31.8.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 27,352 | 4,763 | 32,115 | |
| TOTAL FUNDS | 27,352 | 4,763 | 32,115 |
continued...
Page 10
Curry Rivel Village Hall
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
12. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement |
|---|---|---|
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 14,944 |
(10,181) | 4,763 |
| TOTAL FUNDS 14,944 |
(10,181) | 4,763 |
| A current year 12 months and prior year 12 months combined position is as follows: | ||
| Net | ||
| movement | At | |
| At 1.9.21 | in funds | 31.8.23 |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 27,352 |
(23) | 27,329 |
| Restricted funds | ||
| Roof repairs - |
10,500 | 10,500 |
| TOTAL FUNDS 27,352 |
10,477 | 37,829 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 30,250 | (30,273) | (23) |
| Restricted funds | |||
| Roof repairs | 10,500 | - | 10,500 |
| Heating Improvements | 47,238 | (47,238) | - |
| 57,738 | (47,238) | 10,500 | |
| TOTAL FUNDS | 87,988 | (77,511) | 10,477 |
continued...
Page 11
Curry Rivel Village Hall
Notes to the Financial Statements - continued for the Year Ended 31 August 2023
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2023.
Page 12
Curry Rivel Village Hall
Detailed Statement of Financial Activities for the Year Ended 31 August 2023
| 31.8.23 | 31.8.22 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 201 | 82 |
| Grants | 57,738 | 3,917 |
| 57,939 | 3,999 | |
| Other trading activities | ||
| Fundraising events | 4,582 | 2,745 |
| 200 Club | 744 | 788 |
| Equipment Hire | - | 45 |
| 5,326 | 3,578 | |
| Investment income | ||
| Rents received | 9,557 | 7,305 |
| Deposit account interest | 222 | 62 |
| 9,779 | 7,367 | |
| Total incoming resources | 73,044 | 14,944 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Wages | 2,001 | 1,872 |
| Water rates | 637 | 391 |
| Insurance | 1,910 | 1,741 |
| Light and heat | 4,450 | 2,790 |
| Telephone | 372 | 442 |
| Postage and stationery | - | 11 |
| Sundries | 166 | 104 |
| Cleaning | 267 | 42 |
| Licences | 403 | 347 |
| Fundraising Expenses | 1,785 | 1,002 |
| 11,991 | 8,742 | |
| Investment management costs | ||
| Property repairs & improvement (net of insurance | ||
| claim) | 54,782 | 916 |
This page does not form part of the statutory financial statements
Page 13
Curry Rivel Village Hall
Detailed Statement of Financial Activities for the Year Ended 31 August 2023
| 31.8.23 | 31.8.22 | |
|---|---|---|
| £ | £ | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 557 | 446 |
| Loan | - | 77 |
| 557 | 523 | |
| Total resources expended | 67,330 | 10,181 |
| Net income | 5,714 | 4,763 |
This page does not form part of the statutory financial statements
Page 14