2025-03-31-accounts - Peak Forest Reading Room

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Registered Charity no. 520493

PEAK FOREST READING ROOM

ACCOUNTS FOR THE YEAR ENDED

31st March 2025

Stancliffe Accounting Limited Buxton

PEAK FOREST READING ROOM

For the year ending 31st March 2025

TRUSTEE INFORMATION

Trustees:	P J Hopley BA
	S Thompson BSC
	A C Hopley MSC
	A Whittaker - Axon
	Nik Oakley - Denver
Charity number:	520493
Registered address:	Hunters Park Farm
	Peak Forest
	Buxton
	Derbyshire
	SK17 8EH
Accountants:	Stancliffe Accounting Limited
	1 Dew Pond Lane
	Fairfield Business Park
	Buxton
	SK17 7LN
Bankers:	Metro Bank PLC
	One Southampton Row
	London
	WC1B 5HA

PEAK FOREST READING ROOM

For the year ending 31st March 2025
CONTENTS	Page
Report of the Trustees	1-2
Examiner's report	3
Income & Expenditure accounts	4
Assets and Liabilities	5
Notes to the Accounts	6 and 7
The following page is for information only:
Detailed Receipts and payments account	8

PEAK FOREST READING ROOM

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31st March 2025

Legal and Administrative Information:

The Charity Registration Number is 520493

Charity's principal address Church Close Peak Forest Derbyshire SK17 8EF

The trustees for the purpose of charity law, who served during the year and up to the date of this report are:

P J Hopley BA S Thompson BSC A C Hopley MSC A Whittaker - Axon

The Trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity to enable them to ensure that the accounts comply with the Charities Act 2011. 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.

Structure, governance and management

The Object for which the Peak Forest Reading Room was established:

The Charity's constitution dated 26th June 2002 defines the object for which the the charity is established as:

(1) the provision and maintenance of a village hall for use by inhabitants of the area of benefit without distinction of political, religious or other opinions, including use for:

(a) meetings, lectures and classes, and

(b) other forms of recreation and leisure-time occupation

with the object of improving the conditions of life for inhabitants.

(2) The land identified in part (1) must be retained by the committee for use for the object of the charity.

PEAK FOREST READING ROOM

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31st March 2025

Summary of the main activities undertaken for the public benefit in relation to these objects:

During the year the trustees have considered the Charity Commission's guidance on public benefit.

During the year we have continued to provide a facility to the local inhabitants for a variety of uses.

Main achievements of the charity through the year:

The Reading Room has continued to be open to support the local community with the regular lettings to the playgroup and craft operations. There has also been room hire and the fell race was held as a successful fundraiser.

The Reading Room has now been able to continue it's program of renovations which are ongoing.

Financial Review

The charity's ordinary income has increased from the previous year which includes donations from the parish council and other local sources.

There have been grants received in respect of the renovations works from The Bingham Trust, High Peak Borough Council and The Duke of Devonshire Chartitable Trust.

The surplus showing in unrestricted funds show that the Reading Room is covering it's costs with the day to day running of it's usual activities. The ongoing work in respect of renovations and the grants received are now showing a surplus position.

Cash held at bank and in hand is £31,797.45, of which £29,473.26 is unrestricted funds.

By order of the Trustees

P Hopley BA

Date

PEAK FOREST READING ROOM

Registered Charity No. 520493

Independent Examiner's Report to the Trustees for the year ended 31st March 2025

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act")

The charity's trustees consider that an audit is not required for this year under s144 of the Act and that an independent examination is needed.

It is my responsibility to;

examine the accounts under s 145 of the Charities Act,
follow the procedures laid down by the general Directions given by the Charity
Commission under s 145(5)(b) of the Act; and
state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or 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 no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect:

accounting records were not kept in accordance with section 130 of the Charities Act or

the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Susan Carter MAAT Stancliffe Accounting Limited 1 Dew Pond Lane Fairfield Business Park Buxton SK17 7LN

PEAK FOREST READING ROOM

INCOME AND EXPENDITURE ACCOUNT for the year ended 31 March 2025

		RESTRICTED	UNRESTRICTED	2025	2024
	Notes	FUNDS	FUNDS	TOTAL FUNDS
		£	£	£	£
INCOME
Room Hire		0	9649	9649	7092
Donations		0		0	80
GRANTS	4	34315	0	34315	56063
Other operating income	2	0	979	979	1029
		-----------------	-----------------	-----------------	---------------
		34315	10628	44943	64263
Administrative expenses		26579	10010	36589	69120
		-----------------	-----------------	-----------------	---------------
SURPLUS /(DEFICIT) FOR	THE YEAR	7737	618	8354	(4857)
		=========	=========	=========	=========

There are no recognised gains or losses other than the surplus included in the Income and Expenditure Account. All operations are classified as continuing.

The notes on pages 6 to 8 form part of these financial statements.

PEAK FOREST READING ROOM

Assets and Liabilities as at 31st March 2025

			2025		2024
		£	£	£	£
Investment assets
Furniture, fittings & equipment	3		1797		1797
Other monetary assets
Debtors & prepayments			0		0
Cash funds
Cash at bank		31797		22273
Cash on deposit			0		0
		---------------		---------------
		31797		22273
		---------------		---------------
Liabilities
Accruals			0		0
		---------------		---------------
			0		0
		---------------		---------------
Net current assets			31797		22273
			---------------		---------------
			33595		24070
			========		========
Financed by:
Restricted reserves			2324		(5413)
Unrestricted reserves			31270		29483
			---------------		---------------
			33595		24070
			========		========

PEAK FOREST READING ROOM

NOTES TO THE ACCOUNTS For the year ending 31st March 2025

1. Accounting policies

Basis of accounting

The accounts have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Tangible fixed assets

Tangible fixed assets are stated at cost.

Grants Receivable

Grants receivable are included as incoming resources when the conditions for receipt have been complied with.

2. Other Operating income		2025	2024
		£	£
Fund raising		979	1029
Grants received in respect of renovations	Note 4	34315	46832
Other grants received	Note 4	0	9231
Bank Switching incentive		0	0
Interest		0	0
		-------------------------------
		35295	57091

======== ========

PEAK FOREST READING ROOM

NOTES TO THE ACCOUNTS For the year ending 31st March 2025

3. Tangible Fixed Assets

3. Tangible Fixed Assets
	At 1st			At 31st
	April			March
	2024	Additions	Disposal	2025
Cost	£	£	£	£
Furniture Fittings and Equipment	1797	0		1797
	-------------------------------------------------------------
	1797	0		1797
	========	========	========	========
	At 1st	Charge	On	At 31st
	April	for the	Disposal	March
	2024	year	s	2025
Depreciation	£	£	£	£
Furniture Fittings and Equipment				0
	-------------------------------------------------------------
	0	0	0	0
	========	========	========	========
	At 1st			At 31st
	April			March
Net Book Value	2024			2025
	£			£
Furniture Fittings and Equipment	1797			1797
	----------------			---------------
Total	1797			1797
	========			========
4. Grants			2025	2024
			£	£
Tarmac Landfill Communities Fund			0	48063
Action with Communities in Rural	England		0	8000
The Bingham Trust			3500	0
High Peak Borough Council			20815	0
The Duke of Devonshire Charitable Trust			10000	0
			------------------------------
			34315	56063

======== ========

PEAK FOREST READING ROOM

RECEIPTS AND PAYMENTS ACCOUNTS For the year ending 31st March 2025

	Unrestricted	Restricted	Endowment	Total funds	Total funds
	funds	funds	funds	2025	2024
	£	£	£	£	£
Receipts
Playgroup	6579			6579	5433
Crafts in the forest	480			480	670
School, DCC	900			900	900
General room hire	1690			1690	89
Grants received in respect of renovations		34315		34315	46832
Other grants received		0		0	9231
Donations	1170			1170	80
Fund raising	979			979	1029
Interest	0			0	0
	-------------------	-----------------	-------------------	-------------------	----------------
	11798	34315	0	46113	64263
	-------------------	-----------------	-------------------	-------------------	----------------
Asset and Investment Sales	0	0	0	0	0
	-------------------	-----------------	-------------------	-------------------	----------------
Total Receipts	11798	34315	0	46113	64263
	==========	====================		==========	=========
Payments
Council Tax	160			160	53
Water Rates	327			327	283
Electricity	782			782	712
Fuel Oil	2081			2081	1267
Refuse Collection	307			307	298
Internet	486			486	470
Insurance	1363			1363	1338
Music Licence	174			174	179
Advertising	232			232	0
Accountancy	180			180	158
Reading room renovation works		26579		26579	61475
Asbestos survey	0			0	0
Cleaning	1466			1466	1893
Maintenance	2238			2238	649
New boiler & fitting	0			0	0
Sundries	214			214	345
	-------------------	-----------------	-------------------	-------------------	----------------
Total Payments	10010	26579	0	36589	69120
	-------------------	-----------------	-------------------	-------------------	----------------
Asset/Investment Purchases	0	0	0	0	0
Total payments	10010	26579	0	36589	69120
	-------------------	-----------------	-------------------	-------------------	----------------
(Deficit) / Surplus Receipts over Payments	1788	7737	0	9524	(4857)
	==========	====================		==========	=========
Transfers between funds
Cash funds last year end	24070	0	0	24070	28926
(Deficit) / Surplus of funds this year end	1788	7737	0	9524	(4857)
Transfer of funds			0	0	0
	-------------------	-----------------	-------------------	-------------------	----------------
Cash funds carried forward	25857	7737	0	33594	24070
	==========	====================		==========	=========