REGISTERED CHARITY NUMBER: 503027
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 August 2021
for
Walmer Bridge Village Hall
Tippings Chartered Accountants 115 Chapel Lane Longton Preston PR4 5NA
Walmer Bridge Village Hall
Report of the Trustees for the Year Ended 31 August 2021
The trustees present their report with the financial statements of the charity for the year ended 31 August 2021. 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 activities
The principal activity of the charity is in the provision and maintenance of land and building for public use in the community. Its objective being to promote the benefit of the inhabitants of the Walmer Bridge neighbourhood in the provision of social and recreational facilities.
The Committee of Management consists of elected trustees, being elected at the AGM together with trustees appointed by organisations from within the local community as specified in the constitution. The trustees are confident that the activities of the charity satisfy the requirement to demonstrate that it meets the public benefit requirements in accordance with section 17 (5) of the 2011 Charities Act.
The charity relies heavily on the work of volunteers. The trustees would like to express their gratitude on behalf of the charity for the support and assistance received.
The trustees have paid due regard to the guidance on public benefit issued by the Charity Commission in deciding what activities the charity should undertake.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year, the Village Hall was in use frequently and the trustees are pleased with the level of benefit provided to the local community.Activities were reduced somewhat due to the Covid pandemic.
FINANCIAL REVIEW
Financial position
The Statement of Financial Activities shows that income in the year amounted to £42,081 and expenditure to £17,865 resulting in a net result of £24,216. When added to the brought forward position this showed the charity had reserves of £60,754 at the year end.
Of the reserves of £60,754, £2,972 was restricted as part of the roof repair fund.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity was established by a charitable trust deed on 4 March 1975 and is unincorporated.
The charity's full name is Walmer Bridge Village Hall.
None of the trustees has any beneficial interest in the charity. All of the trustees are members of the charity and guarantee to contribute £1 in the vent of a winding up.
Anyone wishing to act as a trustee can approach the charity to discuss this.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 503027
Principal address
The Village Hall Gill Lane Walmer Bridge Preston PR4 5QN
1
Walmer Bridge Village Hall
Report of the Trustees for the Year Ended 31 August 2021
Trustees
T Shorrock R Garside (resigned 1.12.20) S Bradley D Geoghegan (appointed 21.10.21)
Independent Examiner
Tippings Chartered Accountants 115 Chapel Lane Longton Preston PR4 5NA
Approved by order of the board of trustees on 2 January 2022 and signed on its behalf by:
S Bradley - Trustee
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Independent Examiner's Report to the Trustees of Walmer Bridge Village Hall
Independent examiner's report to the trustees of Walmer Bridge Village Hall
I report to the charity trustees on my examination of the accounts of Walmer Bridge Village Hall (the Trust) for the year ended 31 August 2021.
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.
Andrew Tipping ICAEW Tippings Chartered Accountants 115 Chapel Lane Longton Preston PR4 5NA
2 January 2022
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Walmer Bridge Village Hall
Statement of Financial Activities
for the Year Ended 31 August 2021
| 31.8.21 | 31.8.20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 25,417 | 2,972 | 28,389 | 12,508 | ||
| Other trading activities | 2 | - | - | - | 2,896 | |
| Investment income | 3 | 9,173 | - | 9,173 | 14,993 | |
| Other income | 4,519 | - | 4,519 | - | ||
| Total | 39,109 | 2,972 | 42,081 | 30,397 | ||
| EXPENDITURE ON | ||||||
| Raising funds | - | - | - | 3,392 | ||
| Charitable activities | ||||||
| Charitable | 17,865 | - | 17,865 | 22,061 | ||
| Total | 17,865 | - | 17,865 | 25,453 | ||
| NET INCOME | 21,244 | 2,972 | 24,216 | 4,944 | ||
| RECONCILIATION OF FUNDS | ||||||
| Total funds brought forward | 36,538 | - | 36,538 | 31,594 | ||
| TOTAL FUNDS CARRIED FORWARD | 57,782 | 2,972 | 60,754 | 36,538 | ||
The notes form part of these financial statements
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Walmer Bridge Village Hall
Balance Sheet
31 August 2021
| 31.8.21 | 31.8.20 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | £ | £ | £ | £ | ||
| FIXED ASSETS | ||||||
| Tangible assets | 6 | 20,810 | - | 20,810 | 23,122 | |
| CURRENT ASSETS | ||||||
| Debtors | 7 | 1,263 | - | 1,263 | - | |
| Cash at bank and in hand | 36,327 | 2,972 | 39,299 | 14,034 | ||
| CREDITORS | 37,590 | 2,972 | 40,562 | 14,034 | ||
| Amounts falling due within one year | 8 | (618) | - | (618) | (618) | |
| NET CURRENT ASSETS | 36,972 | 2,972 | 39,944 | 13,416 | ||
| TOTAL ASSETS LESS CURRENT | ||||||
| LIABILITIES | 57,782 | 2,972 | 60,754 | 36,538 | ||
| NET ASSETS | 57,782 | 2,972 | 60,754 | 36,538 | ||
| FUNDS | 9 | |||||
| Unrestricted funds | 57,782 | 36,538 | ||||
| Restricted funds | 2,972 | - | ||||
| TOTAL FUNDS | 60,754 | 36,538 | ||||
The financial statements were approved by the Board of Trustees and authorised for issue on 2 January 2022 and were signed on its behalf by:
S Bradley - Trustee
The notes form part of these financial statements
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Walmer Bridge Village Hall
Notes to the Financial Statements for the Year Ended 31 August 2021
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 2019)', 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.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - 10% on reducing balance
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.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. OTHER TRADING ACTIVITIES
31.8.21 31.8.20 £ £ Concerts and fêtes - 2,896
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Walmer Bridge Village Hall
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.8.21 | 31.8.20 | |
| £ | £ | |
| Hire of hall and facilities | 9,173 | 14,993 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 August 2021 nor for the year ended 31 August 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 August 2021 nor for the year ended 31 August 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM | Unrestricted fund £ |
|---|---|
| Donations and legacies | 12,508 |
| Other trading activities | 2,896 |
| Investment income | 14,993 |
| Total | 30,397 |
| EXPENDITURE ON | |
| Raising funds | 3,392 |
| Charitable activities | |
| Charitable | 22,061 |
| Total | 25,453 |
| NET INCOME | 4,944 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 31,594 |
| TOTAL FUNDS CARRIED FORWARD | 36,538 |
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Walmer Bridge Village Hall
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
6. TANGIBLE FIXED ASSETS
| 6. | TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|---|
| Long | |||||
| leasehold | |||||
| £ | |||||
| COST | |||||
| At 1 September 2020 and 31 August 2021 | 27,691 | ||||
| DEPRECIATION | |||||
| At 1 September 2020 | 4,569 | ||||
| Charge for year | 2,312 | ||||
| At 31 August 2021 | 6,881 | ||||
| NET BOOK VALUE | |||||
| At 31 August 2021 | 20,810 | ||||
| At 31 August 2020 | 23,122 | ||||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| WBVH bar loan | 31.8.21 £ 1,263 |
31.8.20 £ - |
|||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| Other creditors | 31.8.21 £ 618 |
31.8.20 £ 618 |
|||
| 9. | MOVEMENT IN FUNDS | ||||
| Unrestricted funds | At 1.9.20 £ |
Net movement in funds £ |
At 31.8.21 £ |
||
| General fund | 36,538 | 21,244 | 57,782 | ||
| Restricted funds | |||||
| Roof appeal | - | 2,972 | 2,972 | ||
| TOTAL FUNDS | 36,538 | 24,216 | 60,754 |
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Walmer Bridge Village Hall
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement |
|---|---|---|
| resources | expended | in funds |
| £ | £ | £ |
| Unrestricted funds | ||
| General fund 39,109 |
(17,865) | 21,244 |
| Restricted funds | ||
| Roof appeal 2,972 |
- | 2,972 |
| TOTAL FUNDS 42,081 |
(17,865) | 24,216 |
| Comparatives for movement in funds | ||
| At 1.9.19 | Net movement in funds |
At 31.8.20 |
| £ Unrestricted funds |
£ | £ |
| General fund 31,594 |
4,944 | 36,538 |
| TOTAL FUNDS 31,594 |
4,944 | 36,538 |
| Comparative net movement in funds, included in the above are as follows: | ||
| Incoming | Resources | Movement |
| resources | expended | in funds |
| £ Unrestricted funds |
£ | £ |
| General fund 30,397 |
(25,453) | 4,944 |
| TOTAL FUNDS 30,397 |
(25,453) | 4,944 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds | Net movement At At 1.9.19 in funds 31.8.21 £ £ £ |
|---|---|
| General fund | 31,594 26,188 57,782 |
| Restricted funds | |
| Roof appeal | - 2,972 2,972 |
| TOTAL FUNDS | 31,594 29,160 60,754 |
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Walmer Bridge Village Hall
Notes to the Financial Statements - continued for the Year Ended 31 August 2021
9. MOVEMENT IN FUNDS - continued
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 | 69,506 | (43,318) | 26,188 |
| Restricted funds | |||
| Roof appeal | 2,972 | - | 2,972 |
| TOTAL FUNDS | 72,478 | (43,318) | 29,160 |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 August 2021.
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Walmer Bridge Village Hall
Detailed Statement of Financial Activities for the Year Ended 31 August 2021
| Detailed Statement of Financial Activities for the Year Ended 31 August 2021 |
||
|---|---|---|
| 31.8.21 | 31.8.20 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations | 8,087 | 12,508 |
| SRBC Covid grants | 20,302 | - |
| Other trading activities | 28,389 | 12,508 |
| Concerts and fêtes | - | 2,896 |
| Investment income | ||
| Hire of hall and facilities | 9,173 | 14,993 |
| Other income | ||
| Insurance receipts | 4,519 | - |
| Total incoming resources | 42,081 | 30,397 |
| EXPENDITURE | ||
| Other trading activities | ||
| Staging fundraising events | - | 3,392 |
| Charitable activities | ||
| Coffee machine and other costs | - | 713 |
| Rates and water | 1,094 | 2,721 |
| Insurance | 2,277 | 2,004 |
| Gas and electric | 3,847 | 4,313 |
| Telephone | 414 | 316 |
| Sundries | 628 | 241 |
| Licences | 1,173 | 1,057 |
| Repairs and refurbishment | 3,776 | 3,079 |
| Cleaning costs | 1,076 | 2,474 |
| Caretaking | 650 | 1,956 |
| Long leasehold | 2,312 | 2,569 |
| Support costs | 17,247 | 21,443 |
| Governance costs | ||
| Accountancy and legal fees | 618 | 618 |
| Total resources expended | 17,865 | 25,453 |
| Net income | 24,216 | 4,944 |
This page does not form part of the statutory financial statements
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Walmer Bridge Village Hall
Contents of the Financial Statements for the Year Ended 31 August 2021
| 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 | 10 |
| Detailed Statement of Financial Activities | 11 |