## **Calf Heath Village Hall** ## **Charity No. 504970** ## **Trustees' Report and Unaudited Accounts** ## **29 February 2024** CH Accounting Solutions Ltd Chartered Management Accountants **Calf Heath Village Hall Contents** ||Pages| |---|---| |Charity Information|2| |Trustees Annual Report|3-5| |Statement of the Trustees' Responsibilities|6| |Independant Examiners Report|7| |Balance Sheet|8| |Notes to the Accounts|9-12| |Detailed Statement of Financial Activities|13| Page 1 **Calf Heath Village Hall Trustees Annual Report** ## **Charity Information** ## **Charity Name** Calf Heath Village Hall ## **Charity No. 504970** ## **Principal Office** Straight Mile Calf Heath Wolverhampton WV10 7DW ## **Registered office** Straight Mile Calf Heath Wolverhampton WV10 7DW ## **Trustees** The following trustees served during the year: C. Bailey B. Brassington A. Hartshorn J. Shepherd ## **Bankers** Barclays Bank Plc 20 Market Place Cannock Staffordshire WS11 1AJ ## **Accountants** CH Accounting Solutions Ltd Orchard House Bellamour Way Colton Rugeley WS15 3LN Page 2 **Calf Heath Village Hall Trustees Annual Report** The Trustees have the pleasure in presenting their Annual Report and the Financial Statements of the charity for the year ended 29 February 2024 ## **Statutory Background** Section 162 Charities Act 2011 and The Charities (Accounts and Reports) Regulations 2008 made thereunder require the Trustees to prepare, in respect of each financial year, an annual report containing prescribed information and to submit such report to the Charity Commissioners, having attached it to the financial statement of accounts for such financial year. The Trustees also take account of the Charity Commissioners' 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 published on 16 July 2014. ## **Reference and Administrative Information** Calf Heath Village Hall is a community hall built by local residents from funds by local residents in 1978. The Charity's registration number is 504970. The charity's principal address is Straight Mile, Calf Heath, Wolverhampton, WV10 7DW. The Trustees who served the charity during the year were as follows: Mr B Brassington Mr A Hartshorn Mrs J Shepherd Mrs C Bailey The Trustees are elected annually at the Annual General Meeting. ## **Structure, Governance and Management** The Charity was established by a declaration of trust dated 23 January 1976 and is an unincorporated association. The objective of Calf Heath Village Hall is to maintain the upkeep of the village hall. This is done through the general manager and with support and approval of the volunteer management committee. The committee is made up of the Trustees and volunteers and is open to anyone interested in supporting the hall. The hall is licenced for alcohol, music and live performances. The Trustees have complied with the duty section 17 (5) of the Charities Act 2011 as amended by the Charities Act 2006 to have due regard to the guidance published by the Charity Commission. The Trustees meet informally on a regular basis. One formal Trustees' meeting is held each year. The Trustees have examined the major strategic, business and operational risks that the Foundation faces and are satisfied that the systems are in place to mitigate exposure to the major risks. ## **Objectives and Activities** The objectives of the charity is to provide a venue for events, meetings and for special functions such as weddings and birthday parties. A range of activities are regularly held for young people and old alike. Fundraising events are supposed to raise money for children's organisations, hospices, the voluntary car scheme which operates in the area and national charities. Page 3 **Calf Heath Village Hall Trustees Annual Report** ## **Key Management Personnel Remuneration** The Trustees consider the Board of Trustees as the key personnel of the charity in charge of directing and controlling the charity and running and operating the charity on a day to day basis. All Trustees have given their time freely and no trustee remuneration was paid this year. Signed on behalf of the charity's trustees .................................................. J. Shepherd Trustee 04 July 2024 Page 4 **Calf Heath Village Hall Statement of the Trustees Responsibilities** The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom General Accepted Accounting Practice). The Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and apply them consistently; - observe the methods and principles in the applicable Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue its activities. The Trustees are responsible for keeping sufficient accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 5 **Calf Heath Village Hall Independent Examiners Report** ## **Independent Examiner's Report to the trustees of Calf Heath Village Hall** We have prepared the financial statements of Calf Heath Village Hall for the year ended 29 February 2024 which compromise the Statement of Financial Activities, the Balance Sheet and the related notes from the entity's accounting records and from the information and explanations you have given us. As a practising member of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at CIMA.com/membershandbook. The report is made solely to you, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial information of Calf Heath Village Hall and state those matters that we have agreed to state to you in this report in accordance with CIMA Technical release. To the fullest extent permitted by law, we do not accept or presume responsibility to anyone other than the Trustees for our work or for this report. You have approved the financial information for the year and have acknowledged your responsibility for it, for the appropriateness of the financial reporting framework adopted and for providing all information and explanations necessary for its compilation. We have not verified the accuracy of completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial information. CH Accounting Solutions Ltd Orchard House Bellamour Way Colton Rugeley WS15 3LN 04 July 2024 Page 6 **Calf Heath Village Hall Balance Sheet** **at 29 February 2024** |**Charity No. 504970**
**Fixed assets**
Tangible assets
6
**Current assets**
Debtors
7
Cash at bank and in hand
**Creditors:**Amount falling due within one year
8
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Unrestricted funds**
10
General funds
**Reserves**
10
**Total funds**|**2024**
**£**
63,670
63,670
508
36,756
37,264
(3,288)
33,976
97,646
97,646
97,646
97,646
97,646
97,646|**2023**
**£**
63,271| |---|---|---| |||63,271
326
22,980| |||23,306
(2,629)| |||20,677
83,948| |||83,948| |||83,948| |||83,948| |||83,948| |||83,948| All the funds of the charity are unrestricted funds. These Financial Statements were approved by the Trustees on 4th July 2024 and are signed on their behalf by: .................................................. J. Shepherd Trustee 04 July 2024 Page 7 **Calf Heath Village Hall Notes to the Accounts** ## **for the year ended 29 February 2024** - 1 **Accounting policies** ## **Basis of preparation** The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. ## **Funds accounting** Unrestricted income funds are generally funds that are available for use at the trustees discretion in furtherance of the objectives of the charity. Further details of each fund are disclosed in note 11. ## **Resources expended** Liabilities are recognised as soon as there is legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. ## **Irrecoverable VAT** Irrecoverable VAT is charged against the category of resources expended for which it was incurred. ## **Fixed assets** Individual fixed assets are initially at cost, less any subsequent accumulated depreciation and subsequent impairment losses. ## **Depreciation** Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less and estimated residual value, over their expected useful economic life as follow: Fixtures and fittings 10% reducing balance basis ## 2 **Staff costs** There were no staff costs incurred during the year and no remuneration or expenses have been paid to the Trustees in the year. ## 3 **Voluntary income** |Hall lettings
Bank interest|**Unrestricted**
**Funds**
**2024**
**£**
32777
116|**Unrestricted**
**Funds**
**2023**
**£**
19340
12| |---|---|---| ||32,893|19,352| Page 8 **Calf Heath Village Hall Notes to the Accounts** 4 **Total resources expended** |Repairs and maintenance
Bank charges
Licences
Establishment costs
Depreciation of tangible fixed
assets
Accountancy fees
5
**Net outgoing resources**
Net outgoing resources is stated after charging:
Depreciation of owned assets
6
**Tangible fixed assets**
**Cost**
At 1 March 2023
At 29 February 2024
**Depreciation**
At 1 March 2023
Charge for the year
At 29 February 2024
**Net book values**
At March 1 2023
At 29 Feb 2024|**Leasehold**
**interest in**
**land and**
**buildings**
**£**
59,734|**Total**
**2024**
**£**
2,412
108
357
15,375
393
550|**Total**
**2023**
**£**
1,000
73
420
11,956
442
550| |---|---|---|---| |||19,195|14,441| |||**Total**
**2024**
**£**
393|**Total**
**2023**
**£**
442| |||393|442| |||**Fixtures,**
**fittings and**
**equipment**
**£**
7,496|**Total**
**£**
67,230| ||59,734|8,288|68,022| ||-
-|3,959
393|3959
393| ||-|4352|4352| ||59734|3537|63271| ||59734|3936|63670| ||||| |7
**Debtors**
Other debtors||**Total**
**2024**
**£**
508|**Total**
**2023**
**£**
326| |||508|326| Page 9 **Calf Heath Village Hall Notes to the Accounts** ## 8 **Creditors** amounts falling due within one year |**Creditors**
amounts falling due within one year|| |---|---| |Trade creditors
Other creditors
Accruals|**Total**
**Total**
**2024**
**2023**
**£**
**£**
1,827
2,079
911
550
550| ||3,288
2,629| ## 9 **Related parties** ## **Controlling entity** The charity is controlled by the trustees. ## 10 **Analysis of funds** |**At 1 March**
**2023**
**Incoming**
**resources**
**(including**
**other**
**gains/losses**
**)**
**£**
£
**General funds**
**Unrestricted income funds**
83,948
32,893
**Net assets by fund**
Tangible assets
Currents assets
Creditors: amount falling due within one year|**Resources**
**expended**
**At 29**
**February**
**2024**
**£**
**£**
(19,195)
97,646
**Unrestricted**
**funds total**
**2024**
**Total funds**
**2023**
**£**
**£**
63,670
63,271
37,264
23,306
(3,288)
(2,629)| |---|---| ||97,646
83,948| ## 11 **Net assets by fund** Page 10 **Calf Heath Village Hall Detailed Statement of Financial Activities** ## **for the year ended 29 February 2024** |**Incoming resources**
Incoming resources from
Generated funds
Voluntary income
Grant
Total incoming resources
**Resources expended**
Costs of generating funds
Costs of generating voluntary income
Total resources expended
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Total funds**
**2024**
**£**
32,893
-
32,893
19,195
19,195
13,698
83,948
97,646|**Total funds**
**2023**
**£**
19,352
2,667| |---|---|---| |||22,019| |||14,441| |||14,441| |||7,578| |||76,370| |||83,948| Page 11