1 

Charity Number 521420 

Accounts 

Glenfield Memorial Hall 

March 31, 2022 



2 

## GLENFIELD MEMORIAL HALL 

## REPORT OF THE MANAGEMENT COMMITTEE 

We started this year, like everyone, hoping that life was going to get back to normal. Groups started to gradually return, then so did the next wave of Covid, the Omicron variant. 

However, with regulations in place, we were able to welcome many groups back along with a few new bookings. We now have bookings almost in line with the pre Pandemic amounts. 

We have run this year on a lower compliment of Trustees due to retirements, but looking forward we have been able to recruit and Co Opt ‘New Blood’ and look forward to appointing them at the forth coming AGM. 

A lot of needed maintenance has taken place this year, and we feel that the Hall is in good shape. However further internal maintenance is being discussed which we hope can be, at least, started during the next financial year. 

## Peter Knill, Chairman 

The management committee presents its report for the year ended March 31, 2022 

## OBJECT OF THE CHARITY 

The object of the charity is the provision and maintenance of a village hall for the use of the inhabitants of the parish classes, and other forms of recreation and leisure time occupation, with the object of improving the conditions of life of the said inhabitants. 

## REVIEW OF ACTIVITIES 

The management committee have continued their policy of decorating, maintaining and modernisation of the hall and its car park. 

The Hall opened again from May 2021, in line with Government restrictions, and we are pleased that previous groups returned along with new groups. The variety of activities that have previously taken place are: - Children’s Playgroup, Karate, Art Group, WI, Old Time Dancing, Folk Dancing, Line Dancing, Yoga, Bridge, Discussion Group, Dancing School, Pop mobility (Ladies Keep Fit), Kumon Maths and English and many more. Saturday and Sunday afternoons are regularly used for Parties. Plus, interest has been shown by several new groups. A website for the Memorial Hall has been developed. 

## ACCOUNTS 

The committee submit the independently examined accounts for the year ended March 31, 2022. This year we received just one grant of £2667 from Blaby DC to assist with the running costs during the Omicron variant of Covid . The £13k unrealised gain on the Investments for the year is due to the continuing valuations of monies invested. As interest rates remain at such a low figure discussion is taking place to invest further monies instead of holding them on deposit. Going forward this will depend on the prevailing interest rates and whether further monies will be needed for additional refurbishment of the Hall.. 

Expenses have generally been held to reasonable levels despite the added costs relating to Covid.  Overall, the hall is still in a good financial position. 2021/22 saw a new roof along with new gutters and down pipes, along with various other replacements and improvements to the Hall, at a total cost of £34.5k 

## RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER 

It is the responsibility of the Trustees to prepare accounts in accordance with the accounting requirements of the Charities Act 2011. In the opinion of the Trustees, an audit is not required under section 144 of the Charities Act 2011, and that an Independent Examination is required. 



3 

## GLENFIELD MEMORIAL HALL REPORT OF THE MANAGEMENT COMMITTEE 

## MANAGEMENT COMMITTEE 

During the year covered by these accounts the officers and members of the committee were: 

Mr P Knill                                                                         Chairman Mr N Chapman Vice - Chairman Mrs J Greasley Treasurer Mrs C Knill Secretary & Booking Secretary Mr G Allen Mrs J Iliffe Mr R Bowers Mrs P Wilson Mrs S Bright Mr P Tyers Mr M Barton 

At present the following organisations are recognised as existing and having a right to nominate a member of the management committee. 

Glenfield Women's Institute Glenfield Twinning Association Glenfield Bowls Club Glenfield Parish Council Glenfield Bridge Club ATC Glenfield Glenfield Gardening Association U3A Glenfield 42[nd] Leicester (Glenfield)Scouts Glenfield Guides Glenfield Town Football Club Glenfield Methodist Church Glenfield Park Women’s Institute 

## TRUSTEES AND STATUS 

Glenfield Parish Council are the trustees who hold the building for the committee.  The Glenfield Memorial Hall is an unincorporated body which is a registered charity number 521420/1-L4.  It is governed by the Scheme dated April 15, 1985.  Its bankers are: 

National Westminster Bank PLC 

The Charities Official Investment Fund 

Mrs. Diane Brown is the independent examiner originally appointed by letter from the Chairman dated 19th Nov 2018.Approved by email by Trustees and confirmed for the current year at The AGM 8[th] June 2021. 

J T Greasley, Treasurer 

11[th] May 2022 



4 

## GLENFIELD MEMORIAL HALL 

INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED MARCH 31,2022 

|||2022|2021|
|---|---|---|---|
||Note|£|£|
|INCOME||||
|Lettings & other income|1|28,901.74|29,069.20|
|Interest||25.99|71.27|
|Investment income||2,363.48|2,172.97|
|||_________|________|
|||31,291.21|31,313.44|
|||_________|________|
|Expenses|2|45,970.83|12,640.18|
|Depreciation|3|4,292.83|4,396.79|
|||________|________|
|Total expenses||50,263.66|17,036.97|
|||________|________|
|Operating (Loss)/Surplus for the year||(18,972.45)|14,276.47|
|Unrealised gain on investments||13,385.26|19,072.71|
|||________|________|
|(Deficit)/Surplus for year||(5,587.19|33,349.18|
|Retained surplus brought forward||306,822.60|273,473.42|
|||________|_________|
|Retained surplus carried forward||301,235.41|306,822.60|
|||________|_________|





5 

## GLENFIELD MEMORIAL HALL 

BALANCE SHEET - AS AT MARCH 31, 2022 

|||2022|2021|
|---|---|---|---|
||Note|£|£|
|FIXED ASSETS|3|74,104.31|78,397.14|
|INVESTMENTS|4|126,521.11|113,135.85|
|CURRENT ASSETS||||
|Debtors||2,729.00|603.00|
|Cash at bank - current||36,019.98|51,999.15|
|- deposit||2,057.36|2,057.12|
|- Charities deposit||60,581.01|60,555.26|
|Cash||19.81|75.08|
|||_________|_________|
|||101,407.16|115,289.61|
|||_________|_________|
|CREDITORS - amounts falling due within||||
|one year||||
|Creditors||(797.17)||
|||________|________|
|||(797.17)||
|||________|________|
|NET CURRENT ASSETS||100,609.99|115,289.61|
|||_________|_________|
|TOTAL ASSETS LESS CURRENT LIABILITIES||301,235.41|306,822.60|
|||_________|_________|
|TOTAL ASSETS LESS LIABILITIES||301,235.41|306,822.60|
|||_________|_________|
|Represented by:||||
|General fund brought forward||306,822.60|273,473.42|
|(Deficit)/Surplus for year||(5,587.19)|33,349.18|
|||_________|_________|
|General fund carried forward||301,235.41|306,822.60|
|||========|========|
|Approved by management committee||||



P Knill – Chairman 

J T Greasley – Treasurer 



6 

## GLENFIELD MEMORIAL HALL 

## NOTES ON THE ACCOUNTS - MARCH 31, 2022 

## 1 ACCOUNTING POLICIES 

## (a) Basis of Accountancy 

The accounts are prepared under the historical cost convention and in accordance with applicable accounting standards. 

(b) Income 

Income is taken into account on receivable basis. 

Lettings and other income 2022 £ Blaby Grants 2667.00 Lettings 26,234.74 

________ 28,901.74 

## (c) Depreciation 

The cost, or the net cost in the case of the car park extension, of fixed assets is depreciated by equal annual instalments over their expected useful lives as follows: 

Freehold property           -    40 years Furniture                         -    20 % on reducing balance 

(d) Investments 

Long term investments are valued at the BID market price. 

## 2 OPERATING EXPENSES 

||2022|2021|
|---|---|---|
||£|£|
|Heat and light|1,831.41|1,884.11|
|Rates and water|699.69|895.23|
|Cleaning and materials|5,292.50|2,884.20|
|Security|885.28||
|Insurance and licences|1,541.89|1546.49|
|Roof Repairs|27,000.00||
|Maintenance and renewals|7,468.06|3,898.62|
|Covid expenses||671.06|
|Paye||54.80|
|Stationery, postage and|||
|Miscellaneous expenses|1,252.00|805.67|
||________|________|
||£45,970.83|£12,640.18|
||________|________|





7 

## GLENFIELD MEMORIAL HALL 

NOTES ON THE ACCOUNTS - MARCH 31, 2022 

3 FIXED ASSETS 

|FIXED ASSETS||||
|---|---|---|---|
|Building<br>and<br>car park<br>£<br>Cost<br>At March 31, 2021<br>155,104.02<br>Additions<br>0<br>__________<br>Depreciation  at March 31, 2021<br>78,786.02<br>Depreciation for year<br>3,877.00<br>_________<br>Depreciation at March 31, 2022<br>82663.02<br>Net book value at<br>72,441.00<br>March 2022|Fixtures<br>and<br>Furniture<br>£<br>31,773.68<br>0<br>________<br>29,694.54<br>415.83<br>________<br>30,110.37<br>1,663.31|Total<br>£<br>186,877.70<br>0<br>_________<br>108,480.56<br>4,292.83<br>_________<br>112,773.39||
||||74,104.31|
|||||



||The original cost of the hall and furniture were not capitalised.  In the opinion of the committee the original|The original cost of the hall and furniture were not capitalised.  In the opinion of the committee the original|The original cost of the hall and furniture were not capitalised.  In the opinion of the committee the original|
|---|---|---|---|
||hall had a value of £220,000 at March 31, 2009, additions|since then have been capitalised at cost.||
|4|INVESTMENTS|||
|||2022|2021|
|||at market|at market|
|||value|value|
||Quoted investments|||
|||£|£|
||1181.163 M & G Charifund Income Units|18,658.95|17,391.56|
||1351.228 Blackrock Accumulation Units|31,943.03|28,794.67|
||4214.76 Schroder Charity Equity Units|19,324.67|16,711.52|
||1451.86 COIF Equity units|28,614.27|25,975.95|
||17339.09 COIF Property units|22,395.17|18,417.35|
||4731.862 M & G Charibond Income units|5,585.02|5,844.80|
|||________|________|
|||126,521.11|113,135.85|
||Cost|52,809|52,809|





8 

## REPORT OF THE INDEPENDENT EXAMINER TO THE COMMITTEE 

I have examined the accounts for the year ended 31 March 2022 of the Glenfield Memorial Hall set out on pages 2 to 7 

Respective responsibilities of Trustees and Examiner 

As the charities trustees you are responsible for the preparation of the accounts; you do consider the audit requirement of section 43(2) of the Charities Act 1993does not apply. It is my responsibility to state, on the basis of procedures specified in the general directions given by the Charity Commissioners under section 43(7)(b) of the Act whether particular matters have come to my attention. 

## Basis of Independent Examiners report 

My examination was carried out in accordance with the general directions given by the Charity Commissioners. A n 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 such matters. The procedures taken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts. 

Independent Examiners Statement 

In connection with my examination, no matter has come to my attention: 

1 Which gives me reason to believe that in any material respect the requirements 

(a) to keep accounting records in accordance with section 41 of the Act: and 

(b) to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met: or 

2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

Diane Brown Independent Examiner 

Date: