Cosy Hall Community Trust
Financial Statements
For the Year Ended 31st December 2023
Contents
Page
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Movement of Funds
ANNEX - RESERVES & INVESTMENT POLICY 5
Charity Number 514505

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF
COSY HALL COMMUNITY TRUST
I have conducted an Èodependent examination of the flluncial 5tatement8 of Cosy Hall Community Trust for the
year ended 3 1st December 2023, as set out on pages 2 to 4.
Respectlve Duties of the Trustees and Examiner
As Trustees you are responsible for tbe preparation of the accounts. It is my responsibility to stats, on the basis
of pri)cedure5 specified in the General Direction5 given by the Charity Comrnissioners under Section 145{5) of
the Charitie5 Act 2011, whether particular matters have come to my attention,
Bo91s of Independent Ex8mlner)s Reporl
My examination was carried out in accordance with the General Directions given by the Charity Commissioners.
The examination iiicludes a review of the accounting records kept by the Charity and a comparison of the
accounts presented with those records. Jt also includes Consideration of any unusual items of disclosures in the
accounts, and seeking explanations from you as trustees concerning any such matters. The procedures
undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express
an opinion on the view given by the accounts.
Independent Examlner's Ststement
No matter ha5 ¢om¢ to my att¢ntion with the examination which gave me reasonable cause to believe that in any
material r¥spect accounting recoids have not bccii kept in accorddnce with Section 130 of the Charities Act 2011
or that the dciounts do nut accord with those records,.
No oth¢r matt¢rs hav¢ ¢om¢ to my att¢ntlon in connection with the examinatlon to which attention should be
drawn to enable a proper understanding of the accounts to be reached.
Elizabeth Vok¢s
Date..
Page I

STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31st December 2023
Unrestricted
Funds
Restrictsd
Funds
Tool YIE
31112123
Total YtE
31112122
Ineome
Income from hirings
Donation5 and fund-raising
InteresÉ
Other in¢ome (e.g. Photocopyin81
'£ 41,586,17
'£ 252.45
'£ 2,578.44
269.75
'£41,586.17
252.45
'£ 2,578.44
269.75
'£ 30,523.07
7.00
582.96
20.00
'£ 44 686.81
Total Income:
'£ 44 686.81
1£ 31 133.03
ExpeDditur¢
Salaries, PAYE and NIC (and Cleaning)
Maintenance and Testing
Ggs and Electricity
In8urance
Wat¢r and Drainage charges
Administrauve and Janitorial expenses
Telecomms
Licen¢e5 and Subs¢riptions
Capital Items
,£ l9,279.85
,£ 3,176.03
,£ 15,424.70
,£ 2,525.81
532.99
,£ 2.056.38
896.57
850.06
400.00
,£ 19,279.85
,£ 3,176.03
,£ 15,424.70
,£ 2,525.81
532.99
,£ 2.056.38
896.57
850.06
400.00
,£ 19,120.32
,£ 4,754.21
,£ 6,700.91
,£ 2,306.40
424.32
,£ 1,899.07
805.12
.£ 1,467,20
949.98
£ 45 142.39
Total Expendfiture:
£45 142J9
1£3
427.53
Bank Accounts
Current
Impregt
COIF
and P.Cash (Deposit)
Total
31112123
Total
31112122
Opening balances as at 1st Jan
Plus- Receipts
Transfers from other alcs
Interest
Less - Payments
Transfers to other alcs
Charges
'£ 29,222
'£ 1,441
'£ 39,054 '£ 3,054
'£ 4,278
'£ 60,000
'£ 90,663
'£ 42,108
'£ 4,278
'£ 2,578
'.£ 45,142
'-£ 4,278
'£ 97,957
'£ 30,550
'£ 2,783
583
'4 38,428
'-£ 2,783
'£ 2,578
'.£ 43,989
'￿ 1,173
'-£ 1,700 '￿ 2.578
Closing Balances as at 31st Dec
'£ 28 585 '£ 1622
'£ 60 000
'£ 90 207
'£ 90 662
Page 2

BALANCE SHEET
As at 318t Decembér 2020
Less
Cumulative
Depreciation
31112123
Net Book
Value
31112122
Net Book
Value
Original
C05t
Flxod Assets
Land and buildings
Fumiture, fittings and equipment
Office equipment
'£ 345,429.91
'£ 71,811.57 '£ 66,423.27
'£ 5,993.56 '£ 5,923.57
'£ 345,429.91
'£ 5.388.30
69.99
'£ 345,429.91
5,302.55
139.99
'£ 423 235.04 '£ 72 346.84
'£ 350 888.20
'£ 350 872.45
Small capital items with a value of less thall £200 are fully written-down An the year of purchase
Current Assets
31112123
31112122
Bank Balances Current Account
Imprest Account I Cash
On Deposit
Net Curront Assets I Worklng Capltal:
'£ 28,585.48
'£ 1,621.79
'£ 60,000.00
'£ 29,222.06
'£ 1,440.79
'£ 60 000.00
'£ 90 662.85
'£ 90 207.27
Total Assgts:
'£ 441095.47
'£ 441535,30
Less.. Creditors
(Amounts falling due within one year)
(Amounts falling due after one year)
Totsl Net Assets
'£ 441095A7
'£ 441535.30
Capltal and Funds Employed
31112123
31112122
Restricted Funds
Unrestricted Funds
'£ 350,198.71
'£ 90 896.76
'£ 350,093.71
'£ 91441.59
'£ 441535.30
'£ 441095.47
Restricted Funds..
Fixed Assets
Current Assets
'£ 350,089.71
109.00
'£ 350,089.71
4.00
'£ 350 093.71
'£ 350 198,71
Unrestricted Funds..
Fixed Assets
Designated Current Assets..
Planned capital works"
Expected maintenance
798.49
782.74
'£ 8 000,00
'£ 8 000.00
'£ 8 000.00
'£ 82,658.85
'£ 8,000.00
Undesignated Current Assets
Less Creditors
'£ 82,098.27
'£ 90 098.27
'£ 91441.59
'£ 91441.59
'£ 441536.30
'£ 90 898.76
'£ 441095.47
* Capital improvements have been defrrred in the light of inflationary pressure, in particular of fuel Costs,
Page 3

Movement of Funds
Unrestricted Restricted
Total YIE
31112123
Total YIE
31112122
Balances brought forward at 1st Jan. '£ 91,441.59 '£ 350,093.71
Net income for the year
(.' £ 560.58 '£
105.00
New fixed assets
400.00 '£
Less depreciation of fixed assets
(-'£ 384.25 (-'£
'£ 441,535.30
(-'£ 455.58
400.00
{_'£ 384.25)
'£ 448.257.05
{-'£ 7,294.50
949.98
{-'£ 377.23)
o)
'£ 90 896,76 '£ 350 198.71
Balances carrled fO￿ard at 31st Doc.
'£ 441095A7
'£ 441636.30
Th¢ accounts were approved by the trustees at the meeting on the 28th March 2024 and
signed on their behalf by
M Wiggin
Chairnian
G Spurr
Treasurer
Page 4

ANNEX- RESERVES AND INVESTMENT POLICY
Cosy Hall Community Trust, owns and operates a con]munity building. It aims to cover its
running Costs ¢ntirely from lettings income, it does not routinely fund-rnise foi itself. or for
other good causes. Any sury)lus monies from nonnal operation, gifts and bequests, etc.. not
rcquired for day-to-day rLmning, are held to meet contingencies, and be invested in
longer-term instruments to produce income or for capital growth, as permitted under the
Charities Acts to protect the long-tenn financial security of the charity and of the service it
provides.
The Reserve Fund is an UnT¢Stricted Fund, and both the capital and income may be used for
any purpose within the Trust's objects.
Notwithstanding that money may be held in reserve, or in strategic long-terni investments, the
Trustees m¢ly alsv from time to time seek 8rant assistance for specific projects from external
funding bodies.
Page 5

Trustees, Report
for the Year Ending 3 1st D￿ember 2023
l. Trustees: Truste¢s during th¢ y¢ar w¢r¢."
President and Holding Trustees".
M￿. S. Miles MBE (Hon President, Holding Trust¢¢)
Mr. T. Bentbam (Holding Trustee)
M￿. K. King (Holding Trnstee)
Offic¢rs:
Cltr M. Wiggin fflon Chair
Mrs. J. Sterling (Hon Vice Chair.
Mr. G. SPU￿ (Hon Trcasurer)
Mr. D. Clancy (Hon Assistant Treasurer)
Mrs. M. Wynn OBE (Hon Secretary)
Representative and Elected Thstees:
Mr. R. Bcrrow
Mr. B. Cannon (until 27th April)
Mrs. L. Cawthorne (until 26th January)
Mr. T. Forrester
M￿. S. Wiggin
Cllr Paul Crewe (representing Newport Town Council) w.e.f. 25th May
2. Principal
ctivities
Th¢ Tn￿t LS
facilities of a
and public pe
registered charity (Number 514505) whose principal activity 18 to provide th¢
village hall for the community of Newport to be used for meetings, classes, lectures
om]ances, and for other forn￿ of leisure and recreational activities.
3. Review of
the Year
The facilities of the Hall continue to attract cnquiri¢s from organisations and individual members of
the community. As a result, Cosy Hall has a substantial number of regular hirers, as well as many
'one-off' hirers,
Cosy Hall continu¢s to be conmiitted to the welfare of Newport residents, and has hosted First Aid
courses. pu￿haSed a defibrillator, obtained Bl¢¢d control kits, and has hosted PSA Prostate Cancer
Screening and Awareness Events.
4. Significant Events
The hall manager, Mr. Tmi D¢nt, resigned w.e.f. the ¢nd of March. Mr. Simon Broad was Kcruit
in his stead, and took up post w.¢.f I st April 2023
The Trust continues to bc in a hcalthy f￿anCIal position, despite the impact of the Covid cpid¢mic.
This was in many respects thc result of Cosy Hall acting as a Lateral Flow Test Centre from
Febrnary 2021 until the end of June 2021. Cosy Hall was thus able to provide a valuable and nwch-
appreciated service to the public.
In August 2022, the global increase in energy prices had necessitated an incre&se in hiring charges.
However, this had not affected the number of people hiring the hall too badly &nd. at the end of

2023, we were able to n¢gotiate a much more advantageous two-year contrnct, alld restore the hire
fees to their previous rntes.
/kn￿￿
Signed on behalf of the trustees