CHIPPING & DISTRICT MEMORIAL HALL FUND STATEMENT OF ACCOtTFrrs FOR THE YEAR ENDED 31 MARCH 2025 FOSTER & CO LTD CHARTERED ACCOUNTANTS PRESTON
CHIPPtNG & DISTRICT MEMORIAL HALL FLfND CONTENTS PAGE TRUSTEES. ADVISERS & SYNOPSIS OF THE PROVISIONS OF THE TRUST DEED TRUSTEES, ANNUAL REPORT INDEPENDENT EXAMINER'S REPORT STATEMENT OF FNANCIAL ACTIVITIES BALANCE SHEET NOTES TO THE FINANCIAL STATEMENTS 6-10
CHIPPING & DISTRICT MEMOIUAL HALL FUND Created b Trust Deed dated 15 Se tember 1953 Re istered Chari Number 521070 Principal Address: Garstang Road Chipping Preston PR3 2QL Secretary: Ms Clare Compton Trustees: Ms Theresa Eveson (Chair) Mr Robert Fenton (Treasurer) Mr Simon Hore Mr Martin Butters Mrs Mary Harrison Mr Paul Hunt Mr Kevin Kelsall Mrs Hazel Craig Mr Mark Ross Ms Clare Compton Ms Claire Davies Ms Lucie Atkinson Ms Rachel Hardman Mr David Walmsley Mrs Laurd Hunt Bankers: National Westminster Bank plc 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 mental training, recreation and intellectual development for the benefit of the inhabitants of Chipping and Leagram with Little Bowland.
CHlPPtNG & DISTRtCT MEMORIAL HALL FUND TRUSTEES. ANNUAL REPORT The Trustees present their Report and the Financial Statements for the year ended 31 March 2025. TrSteeS & Advisers These are shown on page l. Summ of Results The results for the year are shown on page 4. Presentation of the Accounts The Trustees continued to adopt the requirnents of the Statement of Recommended Practice Accounting by Charities for the current year. Statement of Trustees, Res nsibilities 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 stafrment 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 prudent. - state whether the Ex)licies 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 resp)nsible for keeping proper accounting records which dilOse with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the Financial Statements comply with the Charities 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 23 December 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHIPPING & DISTRICT MEMORIAL HALL FUND I report to the trustees on my examination of the accounts of Chipping & District Memorial Hall Fund for the year ended 3 l March 2025. Responsibilities and basRS of report As the charity trustees of the Tn]st you are responsible for the prepardtion 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 carried 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 confmn that no material matters have come to my attention in connection with the eaminatIon 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 fomi 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 reached. Miss J K Foster ACA Foster & Co Ltd Unit 16 Eastway Business village Olivers Place Fulwood Preston PR2 9WT 23 December 2025
CHIPPING & DISTRtCT MEMORtAL HALL FUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 tNCOME & EXPENDITURE 2025 Unrestricted Funds Restricted Funits 2025 Tolal 2024 Total Note tNCOMING RESOURCES Income: Donations Operating Activities In furtherance of The Charity's obj¢cts:_ Hire of Hall & Car Park MUGA Incom¢ Gymnasium Activities Investmeni Income-. Inlerest Dividends Grants 20207 20207 4755 21833 21833 19830 2567 1752 1042 1042 27 1593 27 1593 237 956 826 29X)37 TOTAL INCOMING RESOURCES 44702 73739 38198 RESOURCES EXPENDED Direct Charitable Ex nditure: FoiKI and other Purch&s¢s for Re-sale Wages Electricity & Heating Oil Insurance MUGA Expenses Water Rates Stationery. Postsge & Advertising Telephone Cleaning & Sundry Expenses Repairs & Renewals Depreciation Solar Panels 1547 12813 7926 3199 (740) 270 392 367 1629 2498 1257 1547 12813 7926 3199 (740) 270 392 367 1629 2498 1257 237 2197 15832 12729 2949 6473 2629 627 192 2161 3632 1479 l(d) 237 31158 29037 60195 50 Mana ement & Adminislration of the Chari Accountancy Professional Fees & Licences 720 1174 720 1174 678 1472 1894 1894 2150 TOTAL RESOURCES EXPENDED 33052 237 62089 53050 Nel Trading Resources ILossYProfit on Realisation of Investments 11650 11650 (14852) (744) (744) Adjustment re. MUGA Fund Balance Brought Forward (8892) {40838) 648206 598476 598476 FUND BALANCES CARIUED FORWARD 609382 609382 598476
CHIPPtNG & DISTRICT MEMORIAL HALL FUND BALANCE SHEET AT 31 MARCH 2025 2025 2024 Note Investments 73111 72900 Tan ible Fixed Assets 502203 503460 575314 576360 Current Assets Cash at Bank Cash at Stockbroker Debtors 16378 758 18922 13970 917 13882 36058 28769 Current Liabilities Creditors and AccnlS 1990 6653 1990 6653 Net Current Assets 34068 22116 Net Assets 609382 598476 Funds Capital Funds as at l April 2024 SUluSI(Der1cIt) for the Year Adjustment re. MUGA 598476 10906 648206 (8892) (40838) Capital Funds as at l April 2025 609382 598476 Approved on beha]f of the Trustees Ms T Eveson The notes on pages 6 - 1 O fonn part of the accounts. Date: 23 December 2025
CHIPPING & DISTRICT MEMORIAL HALL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTtNG 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 accruaIs basis. nditure Expenditure is recognised on an accnlS 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 rdtes currently in use are as follows: Freehold Property Plant & Equipment -/0 - 15 % on written down value DONATIONS 2025 2024 Bar Profit Donated from CVH Entertainments Ltd Sundry Donations 15784 4423 4605 150 20207 4755
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CHIPPNG & DISTRICT MEMOIUAL HALL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTINUED TANGIBLE FIXED ASSETS Freehold Pro Plant & ui Cost As at l April 2024 and 31 March 2025 495080 91957 587037 reciation As at l April 2024 Charge for the Year 83577 1257 83577 l257 As at 31 March 2025 84834 84834 Net Book Value 31 March 2025 495080 7123 502203 31 March 2024 495080 8380 503460 DEBTORS - Short Tenn 2025 2024 Trade Debtors Donations Receivable Prepayments 2598 15870 454 8788 4691 403 18922 13882 CREDITORS: Amounts Falling Due Within One Year 2025 2024 Taxation and Social Security Deposits Received in advance Accruals 86 114 792 5747 1990 1990 6653
CHIPPING & DISTRICT MEMORIAL HALL FtrND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTINUED SUMMARY OF NET ASSETS BY FUNDS Unrestricted Funds Restricted Funds Total Fixed Assets Net Current Assets 575314 34068 575314 34068 Net Assets 609382 609382 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 surrounding are& which the Trust then absorbed into its operations for prdctical considerdtions through a 'transfer' from Chipping Parish Council. The main users of the &sset 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 respx)nsibility. 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. EMPLOYEES. REMUNERATION Total remuneration for the year amounted to £12813. The average numbers of paid staff for the year were." Administration of the Charity: 3 part-time staff
CHIPPING & DISTRICT MEMORIAL HALL FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONTtNUED TRUSTEES, REMifNERATION & EXPENSES No remuneration directly or indirectly out of the funds of the Charity was paid or payable for the year to any TnLStee 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