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2022-03-31-accounts

Charity registration number 520127

THE UPTON VICTORY HALL

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

THE UPTON VICTORY HALL

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mrs M Kalil
P Walker
K Balgobin
Mrs E M Munro
Charity number 520127
Independent examiner Helen Furlong FCCA
McLintocks (NW) Limited
46 Hamilton Square
Birkenhead
Wirral
Merseyside
CH41 5AR
Bankers Barclays Bank PLC
98 Ford Road
Upton
Wirral
Merseyside
CH49 0TQ
Solicitors Kirwans Solicitors
363 Woodchruch Road
Prenton
Wirral
Merseyside
CH42 8PE
Investment advisors Tilney
Royal Liver Building
Pier Head
Liverpool
Merseyside
L3 1NY

THE UPTON VICTORY HALL

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 17

THE UPTON VICTORY HALL

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 MARCH 2022

The trustees present their annual report and financial statements for the year ended 31 March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's declaration of trust, the Charities Act 2011 and "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, aims and public benefit The objects of the charity are to permit the land and buildings described in parts 1 and 2 of the First Schedule to the Trust Deed, to be appropriated and used in perpetuity in a nondenominational and non political place of recreation and social intercourse under the name of "The Upton Victory Hall" for the benefit of the inhabitants of Upton. The trustees are aware of the public benefit requirements and feel the charity meets them.

Significant activities The charity receives income from the hire of its hall, and renting out of the other facilities to its constituent Clubs, and other organisations.

Achievements and performance

The Trust continues to operate in a particularly challenging environment and the Committee is to be highly commended for the manner in which it continued to conduct the day-to-day and financial affairs of the Victory Hall and on the way that it has tried to mitigate the continued adverse effects of problems arising from the Covid pandemic.

The Trustees are satisfied that the activities carried out during the year are consistent with the aims and objects of the Charity, under very difficult circumstances.

At 31 March 2022 the total value of our investments was £145,900 compared with £138,599 at 31 March 2021.

All figures are provided by Tilney Bestinvest.

The Trustees have reviewed their investment objective and it was agreed that this should continue to be maximisation of capital. Efforts are being made to bolster the investments of the Charity. The Trustees continue to be satisfied with the performance of Tilney Bestinvest.

Financial review

The overall results for the year show a surplus of £52,646 (2021 surplus £4,156) which when added to the reserves brought forward of £189,312 leaves £241,958 to be carried forward. Cash in the bank amounted to £67,146 (2021 £18,734)

The trustees continue to look to find ways to increase income (expenses are already as low as reasonably can be expected) in particular in the following areas; increase in bar takings by more support from club members etc, a further increase in Hall income and additional voluntary income. Bookings of the main hall have recovered since the pandemic and were excellent towards the end of the financial period and many congratulations must go to the committee for this. However, there is always continued expenditure needed for the fabric of the hall to ensure that the buildings are in such a condition to attract more hirers of the hall and more members to the constituent clubs. More people are joining as members of the various clubs.

The trustees will ensure that the charity has the necessary free reserves to cover its liabilities and that the unrestricted reserves equate to (or exceed) three months "core" costs, currently approximately £25,000. At 31 March 2022 the Free Reserves amounted to £205,885.

THE UPTON VICTORY HALL

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

The UVH Charity recognises that risks may come in a number of ways and under various classifications such as governance, financial, compliance, operational and external. The governance structure within the organisation is set within three discrete levels (Trustee, Executive Committee and individual constituent Club level) which aims to ensure that risk identification and management is ongoing throughout the organisation at the appropriate level.

There continues to be an emphasis on containing costs and wherever possible, reducing them. Considerable effort is also being placed on boosting hall lettings income, and the income received from the constituent clubs.

The trustees and the committee were delighted to receive a substantial bequest to the hall, and also a large donation, both of which would be used to fund various improvements to the hall.

There are various projects under consideration, all of which have the purpose of improving Trust facilities for the benefit of members and public. Examples of such projects include floodlighting to some tennis courts, new toilets, a new shelter for the croquet club, and improvement of some outside areas.

Structure, governance and management

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

The Upton Victory Hall Trust is constituted under a Deed of Declaration of Trust dated 5 August 1920, revised on 12 November 1946.

The trustees who served during the year and up to the date of signature of the financial statements were: D S Kirwan (Resigned 15 September 2022) Mrs M Kalil P Walker Mrs J Edwards (Resigned 31 August 2021) K Balgobin Mrs E M Munro

When the need arises, existing trustees are responsible for approaching various people who are familiar with the charity and have appropriate skills to become future trustees. The board of trustees then decide if they wish to appoint the nominations.

The furtherance of the objects of the Trust and the day-to-day administration of the Upton Victory Hall, is delegated by the Trustees to an Executive Committee who meet monthly to conduct their affairs in accordance with the Bye-Laws. Agendas for those meetings always include:

The Executive Committee give an account of their stewardship at the Annual General Meeting.

THE UPTON VICTORY HALL

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

The trustees' report was approved by the Board of Trustees.

..............................

Mrs M Kalil

Trustee Dated: .........................

THE UPTON VICTORY HALL

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE UPTON VICTORY HALL

I report to the trustees on my examination of the financial statements of The Upton Victory Hall (the charity) for the year ended 31 March 2022.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Helen Furlong FCCA McLintocks (NW) Limited

46 Hamilton Square Birkenhead Wirral Merseyside CH41 5AR

Dated: .........................

THE UPTON VICTORY HALL

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

Unrestricted
Restricted
funds
funds
2022
2022
Notes
£
£
Income and endowments from:
Donations and legacies
3
10,056
66,904
Charitable activities
4
68,052
-
Other trading activities
5
1,086
-
Investments
6
1,354
-
Other income
7
1,112
-
Total income
81,660
66,904
Expenditure on:
Raising funds
8
984
-
Charitable activities
9
103,377
-
Total expenditure
104,361
-
Net gains/(losses) on investments
13
8,443
-
Net movement in funds
(14,258)
66,904
Fund balances at 1 April 2021
189,312
-
Fund balances at 31 March 2022
175,054
66,904		 Total Unrestricted
funds
2022
2021
£
£
76,960
26,192
68,052
42,195
1,086
1,066
1,354
3,281
1,112
4,415
148,564
77,149
984
849
103,377
104,987
104,361
105,836
8,443
32,843
52,646
4,156
189,312
185,156
241,958
189,312		 Total Unrestricted
funds
2022
2021
£
£
76,960
26,192
68,052
42,195
1,086
1,066
1,354
3,281
1,112
4,415
148,564
77,149
984
849
103,377
104,987
104,361
105,836
8,443
32,843
52,646
4,156
189,312
185,156
241,958
189,312
77,149
849
104,987
105,836
32,843
4,156
185,156
189,312

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

THE UPTON VICTORY HALL

BALANCE SHEET

AS AT 31 MARCH 2022

Notes
Fixed assets
Tangible assets
14
Investments
15
Current assets
Stocks
17
Debtors
18
Cash at bank and in hand
Creditors: amounts falling due within
one year
20
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
21
Net assets
Income funds
Restricted funds
22
Unrestricted funds		 2022
£
784
51
67,146
67,981
(3,631)		 £
36,073
145,900
181,973
64,350
246,323
(4,365)
241,958
66,904
175,054
241,958		 2021
£
657
51
18,734
19,442
(6,333)		 £
37,967
138,599
176,566
13,109
189,675
(363)
189,312
-
189,312
189,312

The financial statements were approved by the Trustees on .........................

.............................. Mrs M Kalil Trustee

THE UPTON VICTORY HALL

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

Charity information

The Upton Victory Hall is a charity governed by a Declaration of Trust dated 12 November 1946.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 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.

Donations and all other receipts from fundraising are reported gross and the related fundraising costs are reported in expenditure.

Legacies are recognised on a case by case basis following the granting of probate when the administrator/ executor has communicated in writing both the amount and the settlement date. In the event the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being

reliably measured with a degree of reasonable accuracy and the title to the asset having been transferred to the charity.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity, this is normally on notification of the interest paid or payable by the bank.

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. This is normally upon notification of the interest paid or payable by the bank.

THE UPTON VICTORY HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

1.5 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.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings n/a Freehold improvements 15% on cost Plant and equipment 15% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year. Transaction costs are expensed as incurred.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

1.10 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.11 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

THE UPTON VICTORY HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

1 Accounting policies

(Continued)

Basic financial assets

Basic financial assets, which include cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.12 Taxation

The charity is exempt from tax on its charitable activities.

1.13 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.14 Retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

1.15 Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to net income/(expenditure) for the year so as to produce a constant periodic rate of interest on the remaining balance of the liability.

THE UPTON VICTORY HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
2022
2022
£
£
Donations and gifts
549
-
Legacies receivable
-
66,904
Grants
9,507
-
Gift aid
-
-
10,056
66,904
Grants receivable for core activities
Covid-19 support grants
-
-
CJRS grants
1,507
-
WBC Restart
8,000
-
9,507
-		 Total
Unrestricted
funds
2022
2021
£
£
549
54
66,904
-
9,507
25,656
-
482
76,960
26,192
-
19,431
1,507
6,225
8,000
-
9,507
25,656		 Total
Unrestricted
funds
2022
2021
£
£
549
54
66,904
-
9,507
25,656
-
482
76,960
26,192
-
19,431
1,507
6,225
8,000
-
9,507
25,656
26,192
19,431
6,225
-
25,656

4 Charitable activities

Operation of Operation of Hall and
Hall and Grounds
Grounds
2022 2021
£ £
Bar Income 10,263 529
Quotas 38,680 35,064
Hall Hire Income 19,109 6,602
68,052 42,195

THE UPTON VICTORY HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

5 Other trading activities

Unrestricted Unrestricted
funds funds
2022 2021
£ £
200 (Supporters) Club 1,086 1,066
6 Investments
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Income from listed investments 1,354 3,281
7 Other income
Unrestricted Unrestricted
funds funds
2022 2021
£ £
Net gain on disposal of tangible fixed assets 1,112 -
Insurance claim - 4,415
1,112 4,415

THE UPTON VICTORY HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

8 Raising funds

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Investment management 984 849
984 849
9 Charitable activities
Operation of Operation of
Hall and Hall and
Grounds Grounds
2022 2021
£ £
Staff costs 36,412 34,853
Depreciation and impairment 20,574 20,050
Rates and water 1,148 2,419
Insurance 4,270 3,581
Light and heat 5,349 2,413
Bar purchases 5,375 200
Repairs & Maintenance 17,980 33,057
General expenses 9,485 5,469
Hire purchase 362 237
100,955 102,279
Share of support costs (see note 10) 184 128
Share of governance costs (see note 10) 2,238 2,580
103,377 104,987

THE UPTON VICTORY HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

10
Support costs
Support
costs
Governance
costs
£
£
Bank charges
184
-
Accountancy
-
2,238
184
2,238
Analysed between
Charitable activities
184
2,238		 2022
Support
costs
Governance
costs
£
£
£
184
128
-
2,238
-
2,580
2,422
128
2,580
2,422
128
2,580		 2021
£
128
2,580
2,708
2,708

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

12 Employees

The average monthly number of employees during the year was:

2022 2021
Number Number
5 5
Employment costs 2022 2021
£ £
Wages and salaries 35,896 34,338
Other pension costs 516 515
36,412 34,853

There were no employees whose annual remuneration was more than £60,000.

THE UPTON VICTORY HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

13 Net gains/(losses) on investments

Unrestricted Unrestricted
funds funds
2022 2021
£ £
Revaluation of investments 3,500 29,073
Gain/(loss) on sale of investments 4,943 3,770
8,443 32,843
14
Tangible fixed assets
Freehold land
and buildings
Freehold
improvements
Plant and
equipment
£
£
£
Cost
At 1 April 2021
100
91,997
77,129
Additions
-
-
20,319
Disposals
-
-
(9,354)
At 31 March 2022
100
91,997
88,094
Depreciation and impairment
At 1 April 2021
-
66,381
64,878
Depreciation charged in the year
-
13,795
6,780
Eliminated in respect of disposals
-
-
(7,716)
At 31 March 2022
-
80,176
63,942
Carrying amount
At 31 March 2022
100
11,821
24,152
At 31 March 2021
100
25,615
12,252		 Total
£
169,226
20,319
(9,354)
180,191
131,259
20,575
(7,716)
144,118
36,073
37,967

THE UPTON VICTORY HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2022

15 Fixed asset investments

Cost or valuation
At 1 April 2021
Additions
Valuation changes
Disposal
At 31 March 2022
Carrying amount
At 31 March 2022
At 31 March 2021
16
Financial instruments
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
17
Stocks
Goods for resale
18
Debtors
Amounts falling due within one year:
Other debtors
19
Finance lease commitments
Future minimum lease payments due under finance leases:
Within one year
Within two and five years		 Listed
investments
£
138,599
66,490
3,500
(62,689)
145,900
145,900
138,599
2022
2021
£
£
145,900
138,599
2022
2021
£
£
784
657
2022
2021
£
£
51
51
2022
2021
£
£
1,512
1,394
4,365
363
5,877
1,757

THE UPTON VICTORY HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

20 Creditors: amounts falling due within one year

Notes
Obligations under finance leases
19
Trade creditors
Other creditors
Accruals and deferred income
21
Creditors: amounts falling due after more than one year
Notes
Obligations under finance leases
19		 2022
£
1,512
1,273
252
594
3,631
2022
£
4,365		 2021
£
1,394
3,953
230
756
6,333
2021
£
363

22 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement Movement
in funds in funds
Incoming Balance at Incoming Balance at
resources
1 April 2021		 resources 31 March
£ £ £ 2022
£
Hodge's Legacy - - 66,904 66,904

The Hodge Legacy is to provide for the improvement of the hall and grounds man's storage security.

23 Analysis of net assets between funds

Unrestricted
funds
Restricted
funds
2022
2022
£
£
Fund balances at 31 March 2022 are represented
by:
Tangible assets
36,073
-
Investments
78,996
66,904
Current assets/(liabilities)
64,350
-
Long term liabilities
(4,365)
-
175,054
66,904		 Total
Unrestricted
funds
2022
2021
£
£
36,073
37,967
145,900
138,599
64,350
13,109
(4,365)
(363)
241,958
189,312		 Total
Unrestricted
funds
2022
2021
£
£
36,073
37,967
145,900
138,599
64,350
13,109
(4,365)
(363)
241,958
189,312
189,312

THE UPTON VICTORY HALL

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022

24 Related party transactions

There were no disclosable related party transactions during the year.