2024-12-31-accounts

Cosy Hall Co munity Trust Financial tatements For the Year Ended 1st December 2024 Contents Page Tndepend¢iit Examiner's RepoIt Statement of Financial Activitie Balance Sheet MoveAnent of Funds ANNEX- RESERVES & INVE ' TMENT POLICY Charity Number 514505

INDEPENDENT EX MJNER'S REPORT TO THE TR STEES OF COSY HALL CO MUNITY TRUST I. have conducted an independent exainination of the fi year ended 31st December 20?A, as set out on pages 2 to ¢ial ststements of Cosy Hall Coimiiiullity Trust for the Respective Dutie$ of the Tiwstee8 and E%rdminei' As Trustees you ar¢ responsible foi the preparation of t of procedure5 specified in the General Dii'e¢tions given the Charitie5 Act 201 I, whether partkciilaT matters have accounts. It 15 my responsibility to Mate, on the basis y the Charity Commission¢rs Linder Section 14.5(S) of me to my attention. Bftsis of independent Examin¢r's Report My exaniination was carried oiil in accordan¢e with the The examination includes a review of Ili¢ a¢eounling acrounts presented Th'iih th¢)se records. Ti also includes accounts. and seekin&y exp18nations from you as tru undertaken do not provide all the evidence that would b ali opiiiion on the view gilv￿7 by the accounts. nei'hl Directions given by the Charity c￿mMIsSion¢F3. e¢ords kept by the ChaTity and a comparison of the nsideration of any unusual itenis of disclosures in the l¢cs con¢erningy any such i)iattei3. The procedures required in an audit. and consequently I do not express Independent Eyaminer's Stafement No matter has come to my attention with the QK&min&ti mateiiAI respect accounting records l)ave not beeii kept or that the accounts do not ac¢ord with those records. which 8ave me re&son8ble ¢Riise to believe that in any ftccordanre Mqth Section 130 of the Charitie5 Act ?01 I No otlier matters liave come to my aft￿ltiOn in conne drawn to enable a proper understanding of the account5 ion witli the examiilation to wliich atteiition sliould be be leached. Elizabe Vokes Date.. 81%12g

STATEMENf OF FINANCIAL ACTIvrrtES FOT the y.eai' ended 315t Decembei. 21124 Unres cted Restricted Funds Total YIE 3111?J24 Total I"IE 31112123 lttcome In¢oine from liii'inbs DOl￿tionS and fun&Taising Iiiterest Other income (e.¥ Pholocopyin¥) '£41.1?4. 116. '£ 3.005. 180. '£ 41.124.92 116.94 '£ 3.005 01 180.00 '£41.586.17 252.45 '£ 2.S78.44 269.75 '£ 44.426. Total Income: '£44 26.87 .81 Expenditure Salaries, PAYE and NIC (and Cleaning,) Maiiiteimiiee aiid Testin Gas and Electricity Iiisur8n¢e Wat¢i' hnd Drail￿ge charges Administrative and Janitorial expenses Telecomtns Liceiices and Subscripiions C8Pltal Jteins .£ 18.82 .£ 4.90 .£ 7.761 ,£ 2.54 81 ,£ 2,06 86 ,£ 1.17 93 .£ 18.825.39 ,£ 4.907.94 ,£ 7,761.36 ,£ 2,544,54 816.46 ,£ 2,066.18 .£ 19,279.8% .£ 3.176.03 ,£ 15.424.70 .£ ? 525.81 532.99 ,£ 2.056.38 54 18 .£ 1,178.06 938.77 850.06 4(10.00 77 o.fj Total Expenditure: '£ 39 899.05 '£ 45 142.39 Bauk A¢¢ounts (pence rouoded) Curr¢nt iiprest nd P.C.ash co (Deposit) Total 311121?4 Total 311121?3 Openingl balaiices a5 at 1st Jat) Plus - Receipts Transfers from other al¢s Interest Less- Payments Transfers to other alcs Cltsrges '£ 28,585 '£ 40.474 '£ 3.005 £ 1.6?2 948 '£ 3,000 '£ 60.000 '£ 90,207 '£ 41.422 '£ 6,005 '£ 90.663 '£ 42.108 '£ 4,278 '£ 2,578 -£ 4S,142 -£ 4.278 '£ 3.005 -£ 3$ 221 -£ 3,000 -£ 4,674 -£ 39,899 -£ 6.005 '_£ 3,005 c.losing Balances a5 at 31 st De¢ 896 '£ 60 000 '£ 94 736 '£ 911,207 Pa

BALANCE SHEET As al 31st DeceDJber 2024 31/1?J94 Net Book Value 31112123 Net Book Valiie Original Cosl Cumulative Depreciati( Fixed Assets Land and buildings Furniture, fitttngs and equipme]it Offjce equipm¢nt '£ 345.429. '£ 72.188. '£ 6.554. '£ 345.429.91 '£ 5.262.43 449.38 '£ 345.429.91 5.388.30 69.99 '£ 66.926.52 '£ 6,105.S7 '£424 173. '£ 73 032.09 '£351141.72 '£ 350 888.20 Small capital items with a valiie of le5S than £200 &r¢ ful 'ritten-down the yeai. of purchase Cui'rent Assets 3111?124 31112123 Baiik Balances C.Iirrenl Accouiit Iinprest Account I Cash On Dcpo8it Net Current AsJet5 1 Working CApilal: '£ 33.8 9.55 5.-$4 '£ ?8,.fj8S.48 '£ 1,621.79 '£ 60 000.00 '£ 90.207.27 '£ 60,0 '£ 94.735 09 Total Assets: 445 876.81 '£ 441095.47 Leyg.. Creditors (Amounts falling due within one year) (Amounts falling due after oiie yep¢T) TotNI Net A$i¢ts '£44S 876.81 '£ 441095.47 Capital And Funds Employed 31112124 3111?123 Restricted Fuiids UA)restricted Fund5 '£ 350.198.71 '£ 95 678.10 '£ 3$0,198.71 '£ 90 896.76 '£ 44109.S.47 '£ 44q 876.81 Re5triGted Fiinds: Fixed Asset5 Curyent Assets '£ 350,089.71 109,00 '£ 350,089.71 109.00 '£ 3fj0 198.71 '£ 350 198.71 Unrestricted Funds.. Fixed Assets Designated Current Assets: Expected maint¢naiice '£ 1,052.01 798.49 0.00 '£ 8 000.00 '£ 8,798.49 '£ 82,098.27 '£ 9.052.01 Undesignatd CurreJ)i Assets Less Creditors 6.09 '£ 86 626.09 '£ 82.098.27 '£ 90 896.76 '£ 441.O9S47 '£ 95678.10 1£ 444 1176.81 ge3

Movenwit of Fund$ Unregtrict Restricted Total YIE 31112124 Tthal YIE 31112123 Balances brought fornAI'd at 1st Jan. Net income for the year New assets Less depreciatio￿ of assets '£ ￿,896 '£ 350.198.71 '£ 44J,09S.47 '£ 4.527.82 938.77 ('£ 685.25) '£ 441￿3£￿0 (.'£ 455 58 400.00 ('£ 384.25) 938 (_'£ 685 '£ 95.678 10 '£ 350.198.71 Balances ￿LTIed folivAl￿ at 31st Dec. '£ 445 876.81 '£ 441095.47 These accounts were approved by. the trustee signed on their behalf by at tlie meeting? on the 27th March 2025 and M Wiggin Cliairman G Spurr Treasure

ANNEX A- RESERVES AND INVESTMEN POLICY Cosy Hall Community Trust, owns and opera running costs entirely from lettings income, i other good causes. Any Surplus monies froin required for day-to-day running, are held to me terni instruments to produce incorne or for capi to protect the long-tern] financial security of tl s a community building. It aims to cover its does not routinely fund-raise for itself, or for ornial operation, gifts and bequests, etc.. not t contingencies, and may be inv¢sled in longer- I growth, as pennitted under the Charities Acts chaiity and of the service it provid¢s. The Reserve Fund is an Unrestricted Fund, a any purpose within the Trust's objects. both the capital and income may be used for Notwithstanding that money may be held in re Truste¢s may also from tiine to time seek gra funding bodies. erve. OT in strat¢gic long-tern] investment5, the t assistance t'or specific projects from ¢xt¢rnal

for the Year Endin 31. December 2024 l. Trust¢es', Trustees during the year were: Presi nt and Hol Mrs. S. Miles (Hon President, Holding Trustee unti 15° January 2024) Mr. T. Bentham (Holding Tn￿tee) Mrs. K. King (Holding Trustee) Offi Mr. M. Wiggin (Hon Chair) Mrs. J. Sterling (Hon Vice Chair) MT, G. Spurr (Hon Treasurer) Mr. D. Clancy (Hon Assistant Tr¢asur¢r Mrs. M. Wynn O.B.E. (Hon Secretary) tative and Mr. 11 Berrow Mr. P. Crewe (Newport Town Couttcil nominated) Mr. T. Forrester Mrs. S. Wi88in es 2. Principal Activiti¢s The Tnjst is a registered charity whose principal the community of Newport to be used for meetin other fornis of leisure and recreation ￿tIVities. vity is to provid¢ the facilities of a village hall for , classes, lectures and public perfornw]c¢s and for 3. RevAew of the Year The facilities of the Hall continue to attract enq community. As a r¢sult, Cosy Hall has a substanti from organisations alld individual members of the number of regular hirers, as well as many 'one-o Cosy Hall continues to k committed to the wel courses, and facilitated hosting for PSA Prostate of Newport residents, and has hosted FArst Aid cer AwaTen¢ss Events. Cosy Hall has tak¢n steps to ensure that its energy hiring charges for 2024 to the same lev¢ls as in 20 ontract is competitive. which has ¢nabled us to peg We h&v¢ also not￿ the fortbcoming implementa system in order to SafegU￿d staff and hirers. on of 'Martyn's Law, and installeAI a 24hr CCTV

1. Significant Events The single most significant event in 2024. was Trustee Susan Miles M.B.E. on 15 January 2024 No-one else could have had the vision and d¢t¢ transforn￿d into the much valued building we groups and individuals over the years. She will be sad death of our Founder. President and Holding Sue was au inspiration to everyon¢ wbo knew her. nation to see that Cosy Hall could be resC￿d and today ￿terIng to the needs of many community tly missed. Signed on behalf of tbe trustees ,,ryinlcLJ M. Wiggin Date: 2410512024