CHIPPING & DISTRICT MEMORIAL HALL FUND
STATEMENT OF ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2024
FOSTER & CO LTD .
CHARTERED ACCOUNTANTS
PRESTON

CHIPPtNG & DISTRICT MEMORIAL HALL FUND
CONTENTS
PAGE
TRUSTEES ADVISERS & SYNOPSIS OF THE
PROVISIONS OF THE TRUST DEED
TRUSTEES. ANNUAL REPORT
tNDEPENDENT EXAMtNER'S REPORT
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET
NOTES TO THE FtNANCIAL STATEMENTS

CHIPPING & DISTRtCT MEMORIAL HALL FUND
Created b Trust Deed dated 15 Se
tember 1953
istered CEWI
Number 521070
Principal Address:
Garstang Road
Chipping
Preston
PR3 2QL
Secretary:
Ms Lisa Cookson
Trustees:
Ms Theresa Eveson (Chair)
Mr Robert Fenton (Treasurer)
Mr Simon Hor¢
Mr Martin Butters
Mrs Mary Harrison
Mr Paul Hunt
Mr Kevin Kelsall
Mrs Ann Walmsley
Mrs Hazel Craig
Mr Mark Ross
Ms Clare Compton
Mr Edward Berry
Ms Claire Davies
Bankers:
National Westminster Bank plc
Longridge
Independent Examiners: Foster & Co Ltd
Unit 16 Eastway Business Village
Olivers Place
Fulwood
Preston PR2 9wr
Objectives:
The Trust premises shall be held for the purpose of physical and mentsl
training, recreation and intellectual development for the benefit of the
inhabitants of Chipping and Leagram with Little Bowland.

CHIPPNG & DISTRICT MEMORIAL HALL FUND
TRUSTEES. ANNUAL REPORT
The Trustees present their Report and the Financial Statements for the year ended 31 March 2024.
Trustees & Advisers
These are shown on page l.
of Results
The results for the year are shown on page 4.
The results for the year reflect continued post Covid economic challenges in tern]s of the impact of
inflation and wider uncertainty on the village hall's financial position, While the Trustees are
reasonably satisfied with th¢ stste of the Trust affairs as a whole, as an outcome of a review of its
operations going forward, the Multi-use Games area (MUGA) asset was transferred under a
Memorandum of Understanding to Chipping Parish Council together WAth full fvture operational
responsibility passed to Chipping Village Football Club. Further details are provided in Note 7b.
Presentation of the Accounts
The Trnstees continued to adopt the requirements of the Statement of Recommended Practice
Accounting by Charities for the current year.
Statement of Trustees. Res
onsibilities
Charity law 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 statement of financial
activities for that period. In preparing those Financial Statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently.
- make judgements and estimates that are reasonable and pn￿ent.
state whether the policies are in accordance with applicable accounting standards.
prepare the Financial Statements on the going concern basis unless it is inappropriate to
presume that the Charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the Charity and to enable them to ensu￿ that the
Financial Statements comply with the Ch￿itIeS Act 2011. They are also responsible for
safeguarding the asset of the Charity and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
Ms T Eveson, Chairwoman
4 September 2024

INDEPENDENT EL4MINER'S REPORT TO THE TRUSTEES OF
CHIPPING & DISTRJCT MEMORIAL HALL FUND
I report to the trustees on my examination of the accounts of Chipping & District Memorial Hall
Fund for the year ended 31 March 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 2011 ('the Act,).
I report in respect of my examination of the Trust's accounts carrled out under section 145 of the
2011 Act and in carrying out my examination I have followed all the applicable Directions given
by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I can confinn that no material matters have come to my
attention in connection with the examination giving me cause to believe that in any material
respect:
accounting records were not kept in respect of the Trust as required by section 130 of the
2. the accounts do not accord with those records. or
3. the accounts do not comply with the applicable requirements concerning the forni and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other
than any requirement that the accounts give a 'true and fair view, which is not a matter
considered as part of an independent examination.
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
accounts to be r¢ached.
Miss J K Foster ACA
Foster & Co Ltd
Unit 16 Eastway Business village
Olivers Place
Fulwood
Preston PR2 9WT
4 September 2024

CHlPPtNG & DISTRICT MEMORIAL HALL FUND
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
INCOME & EXPENDITURE
- 2024--
Endowment
Fund
Unrestricted
Funds
Restrlcted
Funds
2024
Total
2023
Total
Note
INCOMING RESOURCES
Income:
Donations
Operating Activlties
In furtherance of
The Charity's objects:_
Hire of Hall & Car Park
MUGA Income
Gymnasium Activities
Investmeni Income:.
Interest
Dividends
B4RN Electricity Reimbursement
4755
4755
8086
19830
2567
1752
19830
2567
1752
15229
6377
1368
956
826
7512
956
826
7512
706
434
TOTAL IN
NG RESOUR
38198
38198
32200
RESOURCES EXPENDED
Direct Charitable Ex
enditure:
Food and other Purch&ses for Re-sale
Wages
Electricity & Heating Oil
Insurance
MUGA Expenses
Water Rates
Stationery. Postage & Advertising
Telephone
Cleaning & Sundry Expenses
Rep8irs & Renewa]s
Depreciation
2197
15832
12729
2949
6473
2629
627
192
2161
3632
1479
2197
15832
12729
2949
6473
2629
627
192
2161
3632
1479
2790
14612
9127
2674
2051
3096
462
198
2537
3053
14799
l(d)
50900
50900
55399
Mana
ement & Admini
Accountancy
Professional Fees & Licen¢es
ion ofth
678
1472
678
1472
612
1603
2150
2150
2215
LRES
CES EXP
ED
53050
53050
57614
Nei Trading Resources
Profit on Realisation of
Investments
(14852)
(14852)
{25414)
5960
5960
2928
(8892)
648206
Fund Balan¢¢ Brought Forward
(8892)
648206
{22486)
670692
FLfND BALANCES CARRIED
FOR WARD
639314
639314
648206

CHIPPING & DISTRICT MEMORIAL HALL FUND
BALANCE SHEET AT 31 MARCH 2024
2024
2023
Note
Investments
72900
81594
ible Fixed Assets
503460
545777
576360
627371
Current Assets
Cash at Bank
Cash at Stockbroker
Debtors
13970
917
13882
7803
344
15229
28769
23376
Current Liabilities
Creditors and ACc￿￿lS
6653
2541
6653
2541
Net Current Assets
22116
20835
Net Assets
598476
648206
Funds
Capital Funds
Endowinents
399102
399102
Income Funds
Restricted Funds
250437
250437
Unrestricted Funds
Loss re. Transfer of MUGA 7(b)
(10225)
(40838)
(1333)
598476
648206
Approved on be
f of the Trustees
Ms T Eveson
The notes on pages 6 - 9 fomi part of the accounts.
Date: 4 September 2024

CHIPPING & DISTRICT MEMORIAL HALL FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
(a) Basis of Accountin
These accounts have been prepared under the historical cost convention and in
accordance with applicable accounting standards and the Statement of Recommended
Practice Accounting by Charities (the "SORP"). The following accounting policies
have been applied consistently throughout the year.
(b) Income
Income is accounted for on an accruals basis.
enditure
Expenditure is recognised on an accruals basis.
reciation
Provision for depreciation of tangible fixed assets held for use by the Charity is made
at annual rates calculated to spread the cost (less anticipated residual disposal value) of
each asset evenly over its expected useful life. The depreciation rates currently in use
are as follows:
Freehold Property
Plant & Equipment
- 150/0 on written down value
DONATIONS
2024
2023
Bar Profit Donated from CVH Entertainments Ltd
Sundry Donation
4605
150
8086
4755
8086

CHIPPING & DISTRICT MEMORIAL HALL FLfND
NOTES TO THE F￿ANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CONTINUED
TANGIBLE FIXED ASSETS
Freehold
Pro
Plant &
ui
Total
Cost
As at l April 2023
Transfer to Parish Council
495080
261198
(261198)
91957
848235
(261198)
31 March 2024
495080
91957
587037
reciation
As at l April 2023
Charge for the Year
Transfer to Parish Council
220360
82098
1479
302458
1479
(220360)
(220360)
As at 31 March 2024
83577
83577
Net Book Value
31 March 2024
495080
8380
503460
31 March 2023
495080
40838
9859
545777
DEBTORS - Short Tenn
2024
2023
Trade Debtors
Donations Receivable
Prepayments
8788
4691
403
5369
8086
1774
13882
15229
CREDITORS: Amounts Falling Due Within One Year
2024
2023
Taxation and Social Security
Deposits Received in advance
Accruals
114
792
5747
400
2141
6653
2541

CHIPPING & DISTRICT MEMORIAL HALL FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CONTINUED
SUMMARY OF NET ASSETS BY FUNDS
Loss re.
Transfer
ofMUGA
Endowment
Fund
Restricted Unrestricted
Funds
Funds
7b
Total
Fixed Assets
Net Current Assets
399102
250437
(32341)
22116
(40838)
576360
22116
Net Assets
399102
250437
(10225)
(40838)
598476
7(b) DISPOSAL OF THE MUGA ASSET
The Multi-use Games Area (MUGA) was originally an externally funded development to
benefit the local village community and sum)unding are4 which the Trust then absorbed into
its operations for practical considerations through a 'transfer' from Chipping Parish Council.
The main users of the asset over the last few years have been Chipping Village Football
Club. An agreement was reached via a Memorandum of Understanding (Mou) between the
Trust, Chipping Village Football Club and the Parish Council to transfer ownership of the
entire asset and the continued responsibility, risks and rewards of operation from l October
2023 to the Parish Council and Football Club respectively for a period of l O years.
As part of Mou. it was agreed that the asset would transfer to the Parish Council at Net Book
Value as at 30 September 2023, with no actual consideration being paid to the Trust.
Consequently, this has resulted in a technical loss on transfer of £40,838, which has been
recognised directly within Balance Sheet funds and a reduction in Net Assets. In addAtion,
operating revenues and costs (including depreciation) relating to the MUGA have only been
included up to 30 September 2023.
EMPLOYEES, REMUNERATION
Total remuneration for the year amounted to £15832.
The average numbers of paid staff for the year were:
Administration of the Charity: 4 part-time staff

TRUSTEES, REMUNERATION & EXPENSES
No remuneration directly or indirectly out of the funds of the Charity was paid or payable for
the year to any Trustee or to any person or persons known to be connected with any of them.
No reimbursement of expenses has been made or is due to be made to any Trustee in respect
of the year.
10