REGISTERED CHARITY NUMBER: 521251 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECELVIBER 2024 FOR MAWDESLEY VILLAGE HAI,L Livesey Spottiswoad Ltd Chartered Accountants 17 Geoi'gc Street St Hclens Mcrseyside WAIO IDB
MAWDESLEY VILLAGE HALL CONTENTS OF THE FINANCIAI, STATEMENTS FOR THE YEAR ENDED 31ST DLCEMIIF.R 2024 Page Report of the Trustees Independent ExamiTrer's Report Statement of Financial Actii'ities Baliince Sheet Notes to Ihe Financial Statements 6 to 10 Detailed Statement of Financial Activities
MAWDESLEY VILLAGE HALL REPORI, OF THF. TRUSTEES FOR THE YEAR ENDED 31ST DECEMBF.R 2024 The trustees present their rcpoit with ihe financial statements of the charity for the year ended 3 1st Decembei. 2024. The twstees have adopted the pi'ovisions of Accounting and Reporting by Charities.. Statement of RccoTMmended Pi'actice applicable to chai'ities prcparing th¢ir accounts in accoi'dancc with ihe Financial Reporting Standard applicable in the UK and R¢public of Ii'eland {FRS 102) (effective l Januaiy 2019). ()BJECTIVES AND ACTIVITIES Objectives and aims The charily's objects arc thc maintaining and Inanaging of a villagc hall for the use of thc inhabitants of the parish of Mawdesley without distinction of political, religious oi. other opinions includiiig use for mcetings, lectures and classes and for other forn]s of ie¢i'eation and eisure-time occupation with the object of improving the conditions of lifc tor the said inhabitants. Public benefit The Ti'iistees confiiin they have rcgard for the Public Benefit guidance issued by the Charity Commission as the Charities Act 201 I rcquircs the Chariiy to detmonstrate the piiblic bencfit of nui" aims. The Charity's purposc is to benefit the public by providing a villagc hall for the use of thc inhabitants of Mawdesley. ACHIF,VEMENTS AND PF,RFORMANCE The ycai. end accounts for 2024 refleei a positivc p¢rfoiTnance where a small Ii"ading pi'ofit has becn tnade. Demand foi. thc hall wa% strong, thc strongest seen since the post lockdown bounce in 2022 where there was incrcas¢d revenues in part due to pent up demaiid following the end of Covid rcstrictionq. -l-he ycar wa% one of significancc for the hall as it was the 50ih ye. in opei"atii)n. l-he trustccs appointed a sub committcc to orgTknise two anniversary Celebrations, one evcning fundraiser and an cvent for children in the village. Both provcd to be & huge success. Thcsc events have undoubtcdly had a positive knock on effect which can bc seeii in particular through the increase in thc number of children's birthday p&rtie.q now held at thc hall. 'I'he weekly Thursday quiz is very well attended and thc impact of this alongsidc the annivet3ary celcbrations can be seen through the increased income thi-ough fundraising evcnts in note 2. Operating ¢xpen%es liave lai'gcly b¢¢n cnnlrolled dcspitc inflationary prcssur¢s remaining prevalcnt through()ut the ecoiiomy. Tlie fixed l'ate enei'gy tariffs entered into beforc the market increase following the outbreak ol. the war In Russia and Ukraine have now endcd and therefore enei'gy costs in 2025 are higher but manageable. Throughout 2024 tl)ere l)as been significant electi'ical work ¢&rried out and subscquently the ligliting in the main hall has been upgJradcd. A huge thank you must go to thc viSl&ge hall staff as without them the hall would cease Éo be a su¢¢ess. Their tireless work is very much 2ppI'eciatcd. The financial peif()rmance so far in 2025 1)as been positive with demand for thc hall ci)ntinuing to strcngtlien. The trustees liavc had to carefully consider pricing given cost pressui'es and the ongoing necd to maintain the hall to en8ure the facility rcmains something the communsty Can use and be proud of. FINANCIAL REVIEW Finaneial position The charity .qhows an overall increase in funds for the year of £5,049, thc increase is down to thc small trading profit and the unrealised gain on the hall's investments. Thc investmeni account has continued to genci'ale income for the hall with dividends of £3,851 in the year. The Investments on balance slicct totslling £123,092 following unrealised capital growth of £2,719 in the ycar. The ycar ended with cash on the balance sheet of £30,872, an inci'ease of £10,291 on the prioi. year. This is reflective of underlying trading and an eletnent of inconie geiierated fiom tlie solai. panels i'e¢¢ived in 2024. Overall the hall remains on sout]d financial footing. Reserves policy As at 31 Deccmber 2024 the charity held unrestricted funds totalling £338,808 (2023 £336,925). Of this £193,952 (2023-£197,861) was held as fixed assets and £123,092 (2023 £120,373) as an invcslment with the charitics commission. Tl)e investnient with the charities eoinmission has no restriction on access. This leaves a surplus of unrests'icted funds of £144,856 (2023 - £140,947) The Icv¢l of the contingency fund haq been set at £26.000 to cover one year's fixed overhead plus an allowance for the carctaker, water, heat and light, less the charge for depreciation as this is a non cash expense. The exts'aOI"dinary I'epairs fund has been set at £ l 0,000 being a general provision. The remaining balance on the fund for the 'Mr. and Mi's. Bel't Moss Gardcn, after deductions foi. expenditure to date stands al £1,505 fron) the original £20,000 fund. Excluding designated funds the charity has sutylus uiiiestricted funds of £107,351 {2023 £103,442). Pagc I
MAWDESLEY VILLAGE HALL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 STRUCTURE, GOVERF4ALNCE AND MANAGEMENT Governing document The ¢harily is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. Recruitment and 2ppointment of new trustees ie Constitution was amended just prior to the last AGM and there are now have 9 elected Trustees, with the option to co-opt a further 3. Organisation representatives are no longer Trustees. Organisalion representatives are Cllr Alistair Morwood, Chorley BC. Hilda McAughey, MADS; Martin Trengove, Cricket Club- John Latham, u3a- Michael Henty, Mawdesley Parish Council. RF.FF.RENCE AT+lD ADMINISTRATIVF. DETAILS Registered Charity number 521251 Principal address Hurst Grccn Mawdesley Ormskirk Lan¢ashire L40 2QT Trustees rs B D Nichols (resigned 7.4.25) Mr D R G Johnston Mrs S English (Icsigned 8.4.24) Mr K Mitchcll Mr M Travis Mr M Woods Mr R Woolley Mr J D Taylor Mrs C R Keeling S Redrnayne (appointed 12.5.25) Mr M Jolly (appointcd 7.4.25) K Mswdesley (appointed 9.9.24) Independent F.#m)ner Mr Jaines P¢ndlebury ATT Livesey Spottiswood Ltd Charlered Accountants 17 George Street St Helens Merseyside WAIO IDB Approved by order of the board of tNstees OR 6 October 2025 and signed on its behalf by- Mr R Woolley - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEF.S OF MAWDESLEY VILLAGE HALL Independent examiner's report to the trustees of Mawdesley Village Hall repoi-l to the charity Irustees on my cxaminaiion of the accounts of Mawdesley Village Hall (the Trust) for the year ended 31 December 2024. Responsibilities and basis of report As the cliarity trustees of the Trust you are responsible for the preparation of the aceourtts in accordance with ilie requirements of the Charities A¢t 201 I ('the Act,). I report in respect of rny examination of the Trust's accounts carried oul under Section 145 of the Act and in carrying out my exarnination I have followed all appli¢able Directions given by the Charity Commission under Scction 145(5)(b) of the ALt. Independent examiner's statement I havc completed my examination. I confirm that Do material matters have Come to my attention IT) ¢onnection with the examination giving me cause to believe that any inaterial respect.. accounling records werc not kept in respect of the Ttust as required by Section 130 of thc Act,. or the accounts do not accord with those records; or the accounis do not comply with the applicable requirements concerning the forni and content of accounts sct oul in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a tn]e and fair view which is not a matter considcred As part of an independent examination. I have no concerns and have come across no oil)er matters in connection with the exaiiiination to which attcntion should be drawn in thLS TCPOft in order to enable a proper understanding of ihe accounts to be reached. Mr James Pendlcbury AIT Livesey Spottiswood Lid Chartered Accountants 17 George Street St Helens Merseyside WAIO IDB 6 October 2025 Page 3
MANVDESLEY VILLAGE HALL STATEMENT OF FINANCIAL ACTIVITIF.S FOR THE YEAR ENDED 31ST DECEMBER 2024 2024 Unrestricted funds 2023 Total funds Notes INCOME AND ENDOWMENTS FROM Charitable activities Bar Operation of village t]all 33,877 44,412 33,544 33,656 Otlicr tiading activities Lnvestment incorne 32,529 3,851 18,862 3,7.34 Total 114.669 89,796 EXPENDITURE ON Charitxble activities Bar Operation of village hall 45,798 66,541 36.510 61,533 Tot21 112,339 98,043 NET JNC.OMEIIEXPENDITIIRE) Other reeogttised gainsl(losse5) Gains on revalUat()n of fixed assets 2,330 (8,247) 2,719 10,130 Net movement in funds 5,049 1,883 RECONCILIATION OF FUNDS Total fundq brought foiward 338,808 336,925 I'OTAL FUIYDS CARRIED FORWARD 343,857 338,808 The notes form part of these financial statements Page 4
MAWDF.SLEY VILLAGE HALL BALANCE SHEET 31 DECEMBER 2024 2024 Unrestricted funds 2023 Total funds Notes FIXED ASSETS Tangible assets Inveslments 193,952 123,092 197,861 120,373 317,044 318,234 CURRENT ASSETS Stocks Dcbiors Cash at bank and in hand 4.699 2.292 30,872 3,261 4,730 20,581 37,863 28,572 CREDITORS Atnounts falling duc wiLhin one year (11,050) (7,998) NET CURRENT ASSETS 26,813 20,574 TOTAL ASSETS LESS CURRENT LIABII,ITIES -143,857 338,808 NET ASSETS 143,857 338,808 FUNDS Unrestricted funds 10 -343,857 338,808 TOTAL FUNDS 343,857 338,808 The financial stltements were approved by the F4o&rd of Tn]stees and authorised for issue on 6 October 2025 and were signed on its behalf by= Mi R Woolley - Trustee The notes fom) part of these financial statements Page 5
MAWDESLEY VILLAGE HALL NOTES TO THE FINANCIAL STATEMF.NTS FOR THE YEAR F,NDED 31ST DECF.MBER 2024 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statciiients of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Repoi'ting by Charities.. Stalcmcrtt ot Recoininended Pi'actice applicable to charitics prcparing their accounts in accordance with tlie Financial Repoiting Standai'd applicable in the UK and Republic of Ircland {FRS 1021 {effective l January 2019),, Financial RCportIn Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ii'cland, and the Chai'ities Act 201 l. The financial statemcnts have been preparcd under the histoi'ical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets. Income All income is recognised in th¢ Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will bc rcccived and thc amount can be mcasured reliably. F,xpenditure Liabililie% are recogniscd a% expenditurc as snon as thei'e is a l¢gal or constructivc obligation committing the chai'ity to that expenditure, it is probable that a ts'ansfer of economic bcnefitq will bc rcquired in .settlemcnt ttnd the amount ol. the obligation can be measured reliably. Expenditure is accouiited for on an accruals basis and has been classificd under headings Iliat tggregate all cost relaled to the catcgory. Wl)ere costs cannot be directly attributed kn particiilar hcadings they havc bcen allocated to activitie% on a basis coJ]SiStent with the usc of resources. Investments All Investments ire initially recognised at theii. transaction value and subsequently measurcd at their fair valuc as at the balance sl)eet date using thc closing quoted market price. All realised and unrealiqed gains and losse% are taken to the Statemeiit of Financial Activities as they ari.qe. Realiscd gaÉn.q and losses on investments al-c cal¢ul&ted as the difference betwecn the sales proceeds and the original cost of the investment. Unrealised gains And lo%%es are calculatcd ag the diffci'cnce between markct value at the end of thc yeai. and opcning market values. Realised and unrcalis¢d gains and losses arc combined in thc Statement of Financial Activities. Tangible fixed assets DcpreLÈ&tion is providcd at the following annual i?tes in order to write off each asset over iLq estimatcd useful life. Building and improvcments Equipment and tools Furniture and fittings Solar panels 20/0 Sti'aiglit line 250/0 on reducing balance 250/0 on rcducing. balance 50/0 Straiglit line Stocks Stock is included at the lower of Cost and estimatcd selling price aftei. making due provision for obsolete and slow moving items. Taxation The clwity is exempt from t&x on its charitable activities. Fund accounting Unrcstricled funds can be used in accordance with the charitable objectives at the discretion of the trustees. Rcstri¢ted funds can only be used for particulai restricted puiposes within the objects of the charity. Rcstrictions arise when specified by the donor or when funds lie raised for particular restrictcd pury)oses. Hire purehgse gnd leasing commitments Rcntals paid under operating leases al'e charged to the Statemcnt of Financial Activities on a straight line basis over the period of the lease. Pagc 6 continued...
MAWDESLEY VILLAGE HALL NOTES TO THE FINANCIAI, STATEMENTS- continued FOR THE YF.AR F.NDED 31ST DECEMBER 2024 OTHER TIi4DING ACTIVITIES 2024 2023 Fundraising events Solar panel income 25,298 7,231 16,772 2,090 32,529 18,862 If4VESTIIIENT INCOME 2024 2023 Fixed asset investment dividends I'eceived Dcposit account intcrest 3,851 3.347 387 3,851 3,734 TRUSTEES, REMUNERATION AP4D BLNLFITS During the year no payments were made to any trustees. Payments to Trustecs al'e permittcd under the terms of a supplemental decd to the charity's Declaratioll of Trust dated 14th July 2015 and are made in accordance with section 185 of the Charitics Act 2011. Trustees, expenses Thcrc wcre no trustees, cxpen8e8 paid foi. the ycai ended 31 st Dcccmber 2024 nor for tlic year ended 3 1st Dcccimber 2023. TANGIBI.E FIXLD ASSETS Building and iniprovements mo.ss g81.den Land At 1st January 2024 Additions 1,217 158,985 18,495 At .31 st December 2024 1,217 158,985 18,495 DEPRECIATION At 1st january 2024 Chai'ge for year 180 37 16,035 3,179 At 3 1st Dccember 2024 217 19,214 NEI, BOOK VAi.UE At 31 st December 2024 1,000 139,771 18,495 At 31 st December 2023 1,037 142,950 18,495 Pag¢ 7 contirtued...
MAIVDESLEY VILLAGE HALL NOTES TO THF. FINANCIAI, STATEMENTS- continued FOR THE YEAR F.NDED 31ST DECEMBF.R 2024 TANGIBLE FIXED ASSETS- continued Furniture and fittings Equipment arid tools Solar panels Totals C.OST Ai I st January 2024 Additions 14,659 23,884 5,528 29,490 246,730 5,528 At 3 1st December 2024 14,659 29.412 29.490 252,258 DEPRF.CIATION At 1st January 2024 Chargc for yeai. 10,650 1,002 13,154 3,744 8,850 1,475 48,869 9,437 At 3 Ist Dcccmber 2024 11,652 16,898 10,325 58,306 NET BOOK VAL,UE At 31 qi December 2024 3,007 12,514 19,165 193,952 At 31 si December 2023 4,009 10.730 20,640 197,861 Thc cost of building and improvements is shown net of grants of £129,110. FIXED ASSET INVESTMEwrs Ulllisted investments MARKET VALUE At 1st Januaiy 2024 Revaluations 120,373 2,719 At 3 1st Decembcr 2024 123,092 NET BOOK VALUE At .3 l st December 2024 123,092 At 31 st De¢ember 2023 120,373 There were no investment assets outside the UK. Cost or valuation at 31 st Dccember 2024 is i'cpi'esented by.. Unlisted investments Valuation in 2019 Valuation in 2020 Valuation in 2021 Valuation in 2022 Valuation in 2023 Valuation in 2024 Cost 2,683 6,351 15,535 (14,327) 10,131 2,719 i 00,000 123,092 Pag¢ 8 continucd...
MAIVDESLEY VILLAGE HALL NOTF.S TO THE FINANCIAI. STATEMENTS- continued FOR THE YF.AR ENDED 31ST DF.CEMBER 2024 STOCKS 2024 2023 Stocks 4,699 3,261 DEBTORS: AMOUNTS FALLIP4G DUE WITHIN ONE YEAR 2024 2023 Prepayments and acerued incorne 2,292 4,730 CREDITORS: AmoU'Ts FALLING DUE WITHIN ONE YEAR 2024 2023 Tradc creditors Social scciirity %Lnd othei. taxes Acciuals and defetted income 2,468 565 7,433 8,582 11,050 7,998 io. MOVEIVIENT IN FUTrIDS Net mcivement in funds At 31112124 At 111124 Unrestricted funds General fund 338,808 5,049 343,857 I'OTAL FUNDS 338,808 5,049 343,857 Net movement in funds, included ir) tlie &bove are as follows.. Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund 114,669 (112,339) 2,719 5.049 TOTAL FUP4DS 114,669 (112,339) 2,719 5,049 Page 9 continued..
MAWDESLEY VILLAGE HALL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THF. YEAR ENDED 31ST DECEMBF.R 2024 io. MOVE.MENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 31112123 At 111123 Unrestricted funds General fund 336,925 1,883 338,808 TOTAL FUNDS 336,925 1,883 338,808 Comparative net movemcr)t in furtds, included in the above are as follows.. Incoming i'esources Resources ekpended Gains and losses Movcment in funds Unrestricted fullds General fund 89,796 {98,043) 10,130 1,883 TOTAL FUNDS 89,796 (98,043) 10,130 1,883 RELATED PARTY DISCLOSURES There were no rclated party transactions for the year endcd 3 1st Decembei. 2024. 12. DESIGNATED FUINDS To cover anticipated future expenditui'e, funds are being built up in a I"eserve account and held in a Charity Commission investment. At the year end the balanccs were as follows'.- Contingency fund Extraordinaiy repair fund R¢)beit Moss Will Trust 26,000 i 0,000 1,505 Page 10
MAWDESLEY VILLACE HALL NOTES TO THE b.INClALsfATEMENTs. coniin¥cd FOR THF YEAR ENDED 31 DLCbMBF.R 21)24 DETAILED STATEMENT OF FINANCIAL ACTIVITIES H311 Fwnd Rgisi Bar 2024 Total Fud Ralsl Bar 202.1 Yolal 44.412 25.298 33.877 33.614 2.090 16.772 33,586 83.972 2.090 Solar pAiiel incorne 51.643 25.298 33.877 35.704 33.586 86.062 DIrt expOnditre F.Treill COSI% Wa¢¢r 3.220 16.766 3.080 17.265 4.733 6.290 1.636 3.160 3.833 4.733 6.290 1.636 3.160 3.833 5.908 5.090 1.340 2.796 4.016 1210 5.W8 5.090 CleaiiiHs wages Caieiaker.% waxes Flookiiig 5ccretsry 4.016 15.934 27.832 17.966 6.747 4,205 15.743 22.490 Bar steward ld bArwages 35.636 22.799 26.219 84.654 34.739 14.032 25.556 74.327 GY055 SUrp1s 16.007 2.499 7.658 26.164 2.740 .oJo Olhcr Incorn¢ FiKed &ssei inveslmeiil divideiids receive4J Gov¢rnmelll graiil% r¢eeived DepDsiI aceouill irtEeresi 3.347 387 30.015 15.469 sprI and overhogd ¢t 324 363 260 Priiiling. posiage widsLitiollcry 402 Teleplioiic& brvudb8iid 4.80] 663 Gardeilb Accouiitancy Slockiaker S11ry expeiises 604 2.059 475 592 6.023 9.436 Deprteiaiio 27.685 23.716 Nct incomE 2.330 Anal 2024 202J U3A 13.046 MawdeslcyTertrtiS Club MAD 2.036 3.643 824 3.542 620 470 680 723 23• 44.412 800 350 400 87 lis pag¢doI fon