Charfty Rewtrtlon No. 521791 GEDNEY DYKE VILLAGE HALL ANNL14L REPORT AND UNAUDrfED FINANaAL sfATEMEPlfS FOR THE YEAR ENDED 31 MARCH 2024
GEDNEY DYKE VILLAGE HALL LE&4L AND ADMINISTRATIVE INPORMATION Hall Trusta Mrs S Chapman, Treasurer Mrs G Thomas, Chalr (Appolnted 3 October 2023) L•nd Trwt•M Mr D Baker MrAJ E Cunnlngton Mr A J Hargre•ves Charfty numb•r 521791 Prfnclpl addrn Gednerf Dyke Vllla8e Hall Maln Street Gedney Dy Spaldlng Llncoln5hire PE12 OAI Ind•p•nd•nt •x•mlMI TC Group 33 8OSton Road Holbeach Spaldln8 Llncolnshlre PE12 7LR
GEDNEY DYKE VILlE HALL CONTENTS Trustees, report ststement of trustees, responslbllltles Independent examlnerfs report Statement of flnandal a¢tlvltle5 Balance sheet Notes to the ftnanclal ststements 6-12
GEDNEY DYKE VILLAGE HALL TrUSTEES' REpoKr FOR THE YEAR EPIDED 31 MAKH 2024 The trustees present their report and flnanclal statements for the year ended 31 March 2024. ObJectlv•s ind a¢tlvlll•s The maln alm of the charlty Is to fundrn15e for varfous charttles and ralse fund5 for the malntsnance of the hall. Publk The vlllase hall fvndrnlses for fdrfous charltles and 3150 for the malntenance of the hall. The vlllage hall runs weekly bln80 sesslons and n[a cla55es alon8 wlth hostlng varlous other events for the communlty suth as P5ythlc evenlngsi qulzzes. race nl8hts and dances. The trustees confirm that they have complled wlth the requlrements of sectlon 4 of the Charltle5 Act 2011 to have due regard to the publlc benefft guldance publlshed by the Charfty Commlsslon for En8land and Wales. Struc1•• 8owrn•nc• and man•6•m•nt Notiire of oowrnlnp documert The th•rlty15 8overned by a trust deed dated l November 1961. Flnandal Instrum•nts The tharftrs actfvltles expose It ts a number of flnanclal rfsks Includln8 credlt rfsl ¢ash Ilow rfsk and IlquldSty r15k The use of flnancSal derlvatlvesls governed by the charfvs pollcles approved by the board of trustee5, whlch provlde wrltten prlnclples on the use of flnanclal derlvatlves to mana8e these rlsks. The charlty does not use derlvatlve flnandal Instruments for speculatlve purposes. The Charws prfnclpal flnanclal assets are bank balances and cash. traile and other recelvables. ond Investment5. The credlt rlsk on Ilquld funds and derfvatlve financlal Instruments Is Ilmlted because the counterpartles are banks wlth hl8h credlt-ratlngs asslgned by Internatlonal credlt-ratln8 a8endes. The trustees, report was apPrd by the Board of Trustses. Mrs S Chapm?n, Treasurer Tru5tse Mr5 G Thoma5, Chalr Trustee Dated:........
GEDNEY DYKE VIUAGE HALL STATEMEKf OF TRusfEES' RE5PONsi8iufiES THE YEAR ENDED 31 MARCH2024 The trustees are responslble for preparin8 the Trustees, Report and the financlal statsments in accordance wlth applicable law and Unlted KId0M Accountln8 Stsndards {Unlted Kln8dom Generdlly Accepted cntIng Prnctice). The law appllcable to charltles In England and Wales requlres the trustees to prepare flnandal ststements for each flnanclal year whkh Blve a true and falr vlew of the state of •ffalr5 of the charlty and of the Incomlng resources and appllcatk>n of resources of the charlty for that year. In preparln8 these flrtanclal 5tatementy the trustees are requlred to: - select sultable accountlng pollcles and then apply them conslsterrtly. - observe the methods and prlnclples In the Charftles SORP; - make Jud8ements and estlmates that are reasonable and prud•nL' - stste whether appllcable accountlng standard5 have been followed. subject to ary materlal departures dlsd¢wd and explalned In the flnanclal statements; and ppare the flnandal statsments on the 8oln8 concern basls unless It Is Inapproprlate to presume that the charlty wlll contlnue In operatlon. The trustees are responslble for keeplng suffldent accountln8 records th* dlsclose wlth reasonable accuracy at any tlme the flnanclal posltlon of the tharlty and enable them to ensure that the flnanclal statements complv wlth the Charltles Act 2011, the Charlty {Attourrts and Reports) Re8ulatlon5 2CQ8 and the provlslons of the trust deed. They are also responslble for 5afe8uardln8 the assets of the charlty and hence for taklng reasonable rt•ps for the preventlon and detedon of fraud and other Irre8ularftles.
GEDNEY DYKE VILLAGE HALL INDEPENDENT EXAMINÉRS REPORT TO THE TrUSTEES OF aÉDNEY DYKE VILLAGE HALL I r•port to the trustees on my MInatIon of the financkl statements of Gedney Dyke Vllla6• Hall (the charlty) for the yr ended 31 Marth 2024. R•4)onilbllltl•i and b•$ of rnp As the trustees of the chartty w>u are responslble for the preparntlon of the fln8nclal statemerrts In accordance wlth th• requlrements of the Charltle5 Act 20111the 2011 Art). I report In re5pert of my examlnatlon of the tharftys flnandal ststements carrfed out urthr 5ectlon 145 of the 2011 Act. In carryln8 out my exmlnatlon I have followed all the appIlble Dlrectlons 8lven by the Charlty Commlsslon under sectlon 145(5)(b) of the ZOII Act. Ind•pffid•nt •x•mlMh Jtatwn•nt Your attentlon Is dravm to the fact that the charfty has prep•red flnandal statsments In accordance wlth Accountlni and Reportln8 by Charttl•s preparlng thelr •ccounts In accordance wlth the Flnandal Reportln8 stsnd•rd appIlble In the UK and Republlc of Ireland (FRS 102) In prefererKe to the Account1 and Reportln8 by Charltles: Statement of Recommended Prnctlce lssu•d on l Aprll 2Q)5 whlth Is referred to In the extant re8ulatlons but has now been wlthdrawn. l understand that th15 hi$ been done In order for flnandal statemerrts to provlde a true and falr vlew In accordan wlth Generally Accepted Accountln8 Prnctke effectlve for reportlng perlods be8lnnln8 on or after l January 2015. I have completed my wrnlnatk. I confirm that no matters hwe come to my attentlon In connectlon wth th¢ examlnatlon 8lvlw cause to belleve that In any materlal respect: accountln8 records were not knpt In R$pact of the charlty is requlred by sectlon 130 of the 2011 ACL. or 2 the flnanclal siatrmerrts do not accord wlth thw records: or the flnandal sknt•ments do not compty wlth the appllcable Tequlrements ¢onc•rnln8 the form and contsnt of accounts set out In the char1t$ {*aounts and Reportsl Re8ulatlons 2(108 other than any requlrement that the Kcounts slve a true and falr vlew whl¢h Is not • matter •%nsldered as part of an Independent examlnatlon. I have no oncerns and have come across no other matters In connectlon wlth the emmlnatkn to whkh attentlon Should be drnwn In thls report In order to enable a proper under5tsndln8 of the finCIlI statsm•ntS to be reached. Chr15topher mCKenr ACA TC Gmup 33 Boston Road Holboach 5paldln8 Uncolnshlre PE12 7LR Iq!!41v+ Dated: ..
GEDNEY DYKE VIUAGE HALL STATEMENT OF FINANCIAL ACTMTIES INCWDING INCOME AND EXPENDrruftE ACCOUNT FOR ThE YEAR EP4DED 31 MARCH 2024 Unrestrktad Unrestrlcted lunds funds 2023 Incom• from: Donatlons and le8acles Charltsble actIvleS Investments 2,035 28,948 51 38,937 127 Total Inc4Jme 39,763 31,034 Ralsln8 fvnd5 19,857 19,219 Charltable artfvltles 22,617 22.156 42A74 41,375 N•t •xp•ndltur• lor th• y••r/ Net mimirnnt In fun 12.711) (10,341) Fund balances at l Aprll 2023 47.064 57,405 Fund balanc•s It 31 Marth 2024 44,353 47,064 The Statement of flnanclal artlvltles Includes all 8aln5 and losses reco8n15ed In the year. All Income and expendlture derfve frnm contlnulng actfvitles.
6EDNEY DYKE VILLAGE HALL BALANCE SHEEr ASAT31 MAKH2024 2023 Flx•d •s*ts Tanglble assets Curr•nt aimts 30.167 36,360 11 828 14030 1,701 Cash at bank and In hand 14,858 11,346 Cr•dltots: amounts fall1 du• vAthln OTh• yr 12 1672) (642) Net current assets ,186 10.704 Total aM•ts l•M furrnrt M•bllltl•s 44.353 47.064 Incom• fwdi Unrestritted fvnds 44,353 47,064 44,353 47,064 The flnanclal statements were approved by the Thistees on .. Mrs S Chapman, Treasurer Mrs G Thoma5. Chalr
GEDNEY DYKE VILLAGE HALL NOTES TO THE FINAPICIAL STATEMENrs FOR THE YEAR ENDED 32 AfARCH2024 Accountlnl polkl•s 1.1 AccouTrtlry conv•ntlon The flnanclal Statements have been prepared In accordance wlth the charlty's govemlng document, the Charltles Act 2011 and 'Accountln8 and Reportln8 by Charftles: Statement of Recommended Prdrtlce appllcable to charltles prepjrlng thelr accounts In accordance wlth the FInar•1 Reportlng Standard appllcabl• In the UK and Republlc of Ireland (FRS 102) (effectlve l January 2019)" The charfty Is a Publlc 8enefft Erty as defined by FRS 101 The charlty has taken aoknnts8e of the provlslons In the SORP for charltles apptyFng FRS 102 Updats Bulletln I not to prepare a Statement of Cash Flow5. The flnanclal statements have departed from the Charltles (Accounts and Reports) Re8ulatlons 2008 only to the extent requlred to provlde a true and falr vlew. Thls departure has Involved followln8 the Statement of Recommended Pr4ctlce for charftles applylng FRS 102 rather than the varalon of the Stat•ment of Recommended Prac<lce whlch15 referred to In the Regulatlons but whlch has slnce been wlthdr•wn. The flnanclal ststements are prepared In sterlln& whlch Is the functlonal currency of the chartty. Monetary amourrts In thoso financlal stat•ments are rounded to the nearest £. T flnanclal statemerts have b•en preparnd under th• hlstorkal cost conventlon, modlfled to Includ• t revaluatlon of freehold propertles and to Include Investment propertles and certaln flnanclal InstNments at falr value. The prlnclpal accountln8 polldes adopted arn Set out below. 12 GOI conc•rn At the tlme of approvln8 the flnandal statements. the trustees have a reasonable expectatlon that the charlty has adequats resources to contlnue In operatlonal o(Istence for the foreseeable future. Thus the trustees contlnue to adopt the golrq con¢em bas15 of accountln8 In proparln8 the flnandal statsmants. IJ Ch•riiabl• fund• Unrestrfcted funds are avallable for use at the dlscretlon of the trustees In furtherdnce of thelr charftsble objertlws. Restrlcted fund5 are subject to speclfFc condltlons by donors as to how they may be used. The purposes and uses of the restrlcted funds are set out In the notss to the flnandal statemerts. Endowment funds are subject to specmc condltlons by donor5 that the capltal must be malntalned by the charlty. 1.4 Inc Income Is reco8nised when the charlty Is legally entltled to It after any perfonnance condltlon$ have been meL the amounts can be measured rellably. and It Is probable that Income wlll be recelved. Cash donatlons are recognlsed on receipt. Other donatlons are reco8nlsed once tho charlty has been notlfied of the donatlon. unless perfOrrnan condftlons requlre deferrdl of the amount. Income tsx recoverable In relatlon to donatlons recelved under Glft Ald or deeds of covenant Is recognlsed at the tlme of the donation.
GEDNEY DYKE VILLAGE HALL PIOTES TO THE FINAPICIAL sfATEMENTS ICOPITINUED) Actouniini polld•s (Contlnu•d) L4ades are recognlsed on recelpt or otherwlse If the charfty ha5 been notlfted of an Impendlng d151r11tI0n. the amount Is knowrn and recelpt Is expectsd. If the amount15 not know the le8acy Is treated as a contln8ent asset. 1.5 Expondltyrn All expermllture Is reco8nlsed once there 15 a le8al or constructlve obllptlon to that expendlture. It probable Settlement Is requlred arKI the amount can be measured rellabty. All costs are allocated to the appllcable expendlture headlns that 88grepts slmllar costs to that cate80ry. Where costs cannot be dlre¢tly attrlbuted to partlcular headIn hwe been allocated on • hsls conslstert wlth the use of resources, wlth centrnl siaff costs all(xated on the basls of tlme 5pen¢ and depreclatlon char8es allocated on th• portlon of the asset's use. Other support costs are allocated based on the spreod of stsff costs. 1.6 TwlW•)Ix•d •u¢ts Trn8lble fId assets are Inltlally megsured at cost and subsequently m•asur•d at cost or valuatlon, nat of depreclatlon and any Impalrment10sSQ5. Depreclatlon Is recognlsed Jo Is to wrh off the cost or valuatlon of assets less thelr re51dual lUeS over thelr useful Ilvu on the followln8 bages: Property Improvements Flxtures Ind ffttln 10% str418ht Ilne % stralght Ilne The 8aln or 105$ arlsln8 on the dlsposal of an asset Is deternilned as the dlfference between the sal• proceed5 and the carrylni value of the as5ek •nd15 reco8nlsed In net Ir(exPerKIIturej for the year. 1.7 Imp•knMrt of Ilx•d •i•its At each reportlni end date, the charlty revlews the carryln8 amounts of Its talIble assets to determln¢ whether there Is any IrKllcatlon that those assets have suffered an Impalnnent loss. If any such Indlcatlon exths, the recovernble amount of the asset Is estlmatsd In order to deternilne the &Ytent of the Impalrnient loss (If any). 1.8 Stscks are >tatsd at the I0r of L%>st and esumated Selllng prlce less costs to complete and sall. Cost comprlses dlrect materfals and, where appltcable, dlrert labour costs and those overheads that have been Incurred In brln8lng the stoths to thelr present locatlon and condltlon. ltsms held for dlstrlbutlon at no or nomlnal conslderatlon are measured the lower of replacement cost and a)sL Net reallsable value 15 the e5tlmatsd sellln8 wke le55 •11 estlmated costs of completlon and costs to be Inrred In markEtln& 5ellln8 and dlstrlbutlon. 1.9 Qih and •qul%ql•nts Cash and cash equlvalents Include cash In hafMI, deposlts held at call wlth banI3, Other shote Ilquld investments wlth orlglnal maturftles of three months or les$. and bank overdrafts. Bank overdrafts are shown wlthln borrowlngs In current Ilabllltle&
GEDNEY DYKE VILLAGE HALL NOTES TO THE FINANCIAL STATEMENTS (COPMNUED) Accountlry polldes IContlnu•dl aslc financlal a55ets, whlth Include debtors and cash and bank balances. are Inltlally measured at trdnsactlon prlce Includln8 transactlon costs and are subsequently carrfed at amortlsed cost uslng the effectlve Interest method unle55 the arranBemerrt constltutes a flnancln8 transactlon, where the trnnsactlon Is measured at the present value of the future recelpts dlscountsd at a markRt rate of Interert. Flnanclal assets classlfled as recelvable wlthln one ar are not amortlsed. Baslc flnanclal Ilabllltle5. Includlng credltors and bank loans arn InFtlalty reco8nlsed at transactlon prlce unless the arrangement constltutss a flnancln8 transactlon, where the debt Instrument Is measured at the present value of the future payments dlscounted at a markÈt rate of Irrterest. Flnanclal Ilabllltle5 ¢la55lfled as payable wlthln one year are not amort15ed. Debt Instruments are subsequently carrfed at amortlsed cos¢ the effectlve Intsrest rats method. Trade credltor5 are obll8atlons to pay for 8oods or servlces that have been acqulred In the ordlnary course of operatlons from suppller5. Amounts payable are dassffled as current Ilabllltles If payment Is due wlthln one year or less. If no¢ they are presented as noTrcurrent Ilabllltles. Trade mdltors are recosnlsed Inltlally at trinsactlon prlce and Subsequently measured at amortlsed cost usln8 the effectlv• Interest method. Flnanclal Ilabllltles are dereco8nlsed when the th•rf5 contrdctual Dblltylons explre or are dlscharged or cancelled. Crftkal account1 •rtlm•t•s and lud8un•nts In the appllcatlon of the charfty's accountlng pollcles. the trustees are requlred to make Judgements, estlmates and assumptknns about the carryln8 amount of assets and Itabllltle5 that are not readlty apparent frorn other sources. The e5tlmates and awdated assumptlons are based on hlstorlcal experfence and other factors that are consldered to be relevant. Actual rewlts may dlffer from these estlmatss. The estlmate5 and underlylnK assumptknns arn revlewed on an 0Ing basls. RevIsIo to accountln estlmates are reco8nlsed In the perfod In whlch the estlmats Is revlsed where the rev151on affects onty that perfod. or In the perfod of the revlslon and future perlods where the rev151on affects both current and fure perfod Donatlom and l•aad•s Unrertrkted Unrestricted fund$ 2023 Donatlons and 699 1035
6EDNEY DYKE VILLAGE HALL NOTS TO THE FINANCIAL STATEMErirs ICOP4TINUED) FOR THE YEAR ENDED 31 MAftai 2024 artknbl• aGtMtles Charftabla Chaflt•bl• Inm• Incom• Hall hlrn Bln80 Events Bartan8* 5,207 11,453 7,171 ,106 3,328 4,992 6,129 14,499 38,937 28,948 IM#m•nts Unr•rtrfct•d Unrestrlcted ndi funds 2023 Interest recelvabl• 127 51 R•li1 fundi Unr•Jtrlct•d Unrestrlcted fundi funds 2023 Costs of tradlng actl¥ltle5 Openln8 stod( Bar purchases Bln80 Events Closln8 stock 1.701 9353 316 5,81S (828) 11016 2,367 5,234 (L7011 Costs of tfading actlvltle5 19057 19.219 19.857 19,219
GEDNEY DYKE VILLAGE HALL NIJTES TO THE FINANCIAL sfATEMENTS (CONllNUEDI FOR THE YEAR EAIDED 31 MARCH2024 CharftalA• actMtI•s Charlt•bl• Charhabl• Expndltur• Exp•ndltur• 1023 Depredatlon and Impalrnient Utllltles Insurance Property malntenance Flre and securlty ststlonery cost$ Sundry expenses Cleanlnz 6,367 5.242 515 6,598 92 142 6.350 5,250 6,807 76 515 I58 21515 20,696 Shar• of 8overnance costs (see note 8) 1,102 1,460 22,617 22,156 Supprt 2024Support costs Governance costs 2023 ¢0 Accountancy Admln & bookkeepln8 702 660 660 400 1,102 1.102 1,460 Analysed between Charltsble actlvltles 1,102 1.102 1.460 None of the trustees (or any persons connected wlth them) recelved any remuneratlon or benefits from the charfty durfn8 the year.
GEDNEY DYKE VILLAGE HALL rdoTES TO ThE FINANCIAL STATEMENTS ICONTINUED) FOR YHE YEAR ENDED ai 2024 10 TarylW• Ilx•d aH•ti At l Aprfl 2023 Addltlons 55,645 7,839 174 63A84 174 At 31 March 2024 55,645 8,013 63,658 D•pr•thdon and ImlMnt At l Aprfl 2023 Depreclatlon charged In the year 23.622 5,565 3,502 27,124 6.367 At 31 March 2024 29.187 4J04 33,491 C•rryln8 amount At 31 March 2024 26.458 30,167 At 31 March 2023 32.023 4,337 36,360 11 Stockn Stocks 828 1.701 12 Cr•dltora: fall1 du• wlthln ornr Acryua15 and deferred Income 6n
GEDNEY DYKE VILLAGE HALL NOIES TO THE HNANaAL STATEMENTS (CONTINUED) R)R 7HE YEAR EIIDED 31 MARCH2024 13 Anaty* of nat ass•ts between fix Unrnitrichd Unrèstrlctsd funds funds 2023 Fund balances at 31 Mah 2024 are represerrted by: Tan8lble assets Current assets/(Ilabllltles} 30,167 14,186 36,360 10,704 44,353 47.064
Wed, 24 Apr2024 07:67:11 GMT Do1m tMty HIOry Doawnent hlkn 8hM mo•t recant athty flrnt AGtMty
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