Charfty r￿tra￿On number 521791 GEDNEY DYKE VILLAGE HALL ANNUAL REPORT AND UNAUDrrED FINANCIAL sfATEMEMTS FOR THEYEAR ENDED 31 MARCH 2025 GEDNEf DYKE VIUAGE HALL Hall Ihlrtees Mrs S Chapman Mts L ste￿ Land Tru5t•es Mr D Baker MrAJ E CUnnIn￿On Mr AJ Hargrea¥es Charlty number 521791 Prlnclpal address Gedney Dyke Vlllage Hall Maln Street Gedney l)yke Spaldlng Lincolnshire PE12 OAI Ind•pendent examlner TC Group 33 Boston Road South Holbeach Spalding Lincolnshlre PE12 7LR TfUStees' report Statement of trustee5' responslbllltles Independent examlner's repryt Statement of finandal artivltles Balance sheet Note5 to the financial statements TrUSTEES' REPORT The trustees present thelr annual report and financial statements for the year eNled 31 March 2025. Objecllves and actlvftle5 Objects and alms The main aim of the charity Is to lundraise for Wdrlous charltles and rdtse funds for the MaIntenan￿ of the hall. The vllla8e hall fundraises for various charltles and also for the malntenance of the hall. The village hall runs weekly bin80 sessions and ￿n83 classes alon8 wlth hostln8 varlous other events for the community such as psychic evenings, quizzes. race ni8hts and dances. The trustees confirm that they have complied wlth the requlrements of section 4 of the Charltles Act 2011 to have due regard to the public benefit guidance publlshed by the Charlty Commisslon for England and Wales. Structure. governano and management Noture of qovernlnq d¢ycumert The charity is governed by a tntst deed dated l November 1961. The charws actmtles expose tt to a number of Ilnanclal rfsks Includlng credlt rlsk. cash flow rlsk and Ilquldlty rlsk. The use of financial derivaljves Is governed by the charity's pollcles approved by the board of trustees, which provlde wrltten Pflnciples on the use of financlal derlvatlves to mana8e these rlsks. The charity does not use derlwatlve financlal Instruments for speculatlve purposes. Creth nlsk The Charws princlpal financial assets are bank balances and cash, trade and other recelwdbles, arKI Investments. The credit risk on liquid funds and derivatlve financial instruments is limited because the counterparties are banks with high credit-ratings assigned by internatlonal credit-rating agencies. The trustees, ￿port was approved bv the Board of Trustees. Mrs S Chapman Tnjstee Mrs L Stevens STATEMEIIT I%¢ TRUSIEES, RESPOKS18ALmES The trustees are ￿pOnSIble for preparing the Trustees, Report and the fin•Kial statements In attOrdan￿ with applicable law and United Kingdom Account5ng Standards (United Kingdom Generally Attepted Accountlng Practlce). The law appllcable to charities in England and Wales requ1￿$ the trustees to prepare financial s*tements for each financial year which 8lve a twe and fair view of the stste of affair5 of the charity and of the irKDming resources and appllcation of resources of the charity for that year. In preparln8 these financial statements, the trustees are required to: - select 5uitsble account5n8 polkies and then apply them consistently• - observe the methods and prlnclples In the Charitles SORP: - make ludgements and estfmates that are reasonable arKI prudent: - state whether appllcable accountlng stsndards have been followed. subject to any materlal dePar￿re5 disclosed and explalned In the financlal ststements: and - prepare the financial statsments on the 8olr¥ concern basis unless it is inapproprfate to presume that the charlty wlll contlnue In operatlon. The trustees are responslble for keeplng suffklent accountln8 records that dlsclose wlth reasonatle accuracy * any tlme the financlal position of the charlty and enable them to ensure that the financial statemerts comply with the Charftles Art 2011. the Charlty {Accounts and Reports) Regulations 2008 and the provlslons of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taklng reasonable steps for the prevention and detectlon of fraud and other irregularitles. GEDNEY DYKE VILLAGE HALL TO THE TRUSTEES OF GEDNEY DYKE VILLAGE HALL I report to the trustees on nry examination of the financial statements of Gedney Dyke Vlllage Hall lthe charity) for the year ended 31 March 2025. Responslbilltles and basls of report As the trustees of the charlty you are responslble for the preparatlon of the financlal statements In accordance with the requirements of the Charttles Act 2011 (the 2011 Act). I report in respert of my examlnatlon of the charivs financial statements carrled out under sectlon 145 of the 2011 Art. In carryin8 Out my examinatlon I followed all the appllcable Dlrectlons given by the Charity Commission under section 145(5)(b) of the 2011 ACL Independent exarnlnerfs statement Your attention is drawn to the fact that the charlty has prepared financlal statements In aCcOrda￿e wfth Accounting and Reporting by Charlties preparing thelr accounts In accordance wlth the Flnandal Reputln8 Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accountlng and Reporting by Charities: Statement of Recommended Prartlce Issued on l Aprll 2005 whlch Is referred to In the extant reKulatlons but has now been withdrawn. l ur￿elStaftd that this has been done in order for financial statements to provlde a true and falr vlew in accordance with Generally Accepted Accountin8 Practice effective for reportlng perlods beglnnlng on or after l January 2015. I have completed my examinatlon. I confirm that no matters have come to my attenifon In connectton wlth the examination 8lvlng me cause to belleve that In any materlal respe¢t: accountln8 records were kept In respect of the charlty as requlred ￿ sertlon 130 of the 2011 Act: or the financlal statements do not accord wlth those records; or the finandal statements do not compty wlth the applicable requirements concernin8 the form and content of accounts set out in the Charltles (Accounts and Reports) Regulatlons 21J)8 other than any requirement that the accounts 8lve a true and falr view whlch is not a matter consldered as part of an Independent examlnatlon. I have no concerns arKI have corr* acrDSS no other matters In connect5on with the examination to whth attentSon should be drawn In thls report in order to enable a proper understanding of the flnancial statements to be reathed. Chrlstopher McKenna ACA TC Group 33 Boston Road South Holbeach 5paldin8 Lincolnshlre PE12 7LR Ii-s-l INCWDING INCOMEAND EXPENDifuREACCOUNT funds funds 2024 Income from: Donatlons and legacies Charltable activlties Investments 4.615 33,199 699 38.937 127 Totsl InrA)me 39,763 Expendltyre on: Ralsing funds Charltable artlvlties 14,371 20,090 19.857 22,617 Totsl expendltur• 34,461 42,474 Net Incomel(expendltur•) and mw•ffl￿ In funds 3,543 (2,711> Recondllatlon of fund5: Fund balances at l April 2024 44.353 47,064 Fund balances •t 31 March 2025 47,896 44,353 The ststement of flnanclal activltles Includes all 8alns and losses reco8nlsed In the year. All iTKome and expendlture derive from contlnuin8 artlvitie5. GEDNEY DYKE VIUAGE HALL ASAf31 MARCH2025 Tangible assets 28,923 30,167 Stocks Cash at bank and In hand 2,637 17,038 828 14.030 19,675 14.858 Credltors: amounts falllng due thln on• 14 (702) (672) Net current assets 18,973 14.186 Total assets kn current114blliUes 47 44.353 47.896 44,353 The funds ol th• ¢h•rlty Unrestricted funds 47.8% 44,353 47.896 44.353 The financlal statements were approved by the tnths on . l ty - S - IS Mrs S Chapman Mts L Stevens GEDNEY DYKE VILLPfjE HALL The financial ststements ha* been prepared In accordance with the charlty's governing document. the Charities Art 2011 and "Accounting and Reporting by Charities.. Ststement of Recommended Practice applicable to charities preparing their accounts in accordance wlth the Financial Reportfing Standard applicable in the UK and Republic of Ireland (FRS 1021 (effective l January 20191.. The charlty Is a Public Ber￿fit Entity as defined by FRS 102. The charlty has taken advantsge of the provlslons In the SORP for charitles applylng FRS 102 Update Bulletln I not to prepare a Statement of Cash Flows. The financial ststements have departed from the Charltles (Accounts and Reports) Regulatlons 21J)8 onty to the extent required to provide a true and fair vlew. Thls departure has involved following the Statement of Recommended Prartice for charltles apptying FRS 102 rather than the version of the Statenient ol Recommended Practice whlch is referred to In the Regulatlons Imrt whkh has slnce been withdrawn. The flnanclal statements are prepared In ster11r￿ which is the functional currency of the charlty. Monetary amounts in these flnanclal ststements are rounded to the nearest £. The flnanclal Statements have been prepared under the hlstorical co¥( conventlon, (modified to indude the revaluation of freehold propertles and to Include Investment propertles and certaln financial Instruments at falr valuej. The prlnclpal accountln8 policles adopted are set out below. 1.2 GolTr¥ concern At the tlme of approving the financial statements. the trustees have a reasonable expectatfon that the charity has adequate resources to continue In operatlonal existence for the foreseeable future. Thus the trustees continue to adopt the going concern basi5 of accountin8 in preparlng the financial Statements. 1.3 Charftable funds Unrestrlcted fvnds are available for use at the dlscretlon of the trustees In furtherance of thelr charltable obiertives. Restrlrted ftsnds are subjert to Specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restrirted fvnds are set out in the notes to the financial statements. Endowment funds are subjert to specific conditlons by donors that the capltal must be maintsined by the charity. IA Income Income is recognised when the charlty Is legalty entltled to it after ary performance conditions hwe been met. the amounts can be measured ￿1iabty. and It Is probable that income will be received. Cash donations are recognised on recelpt. Other donations are recognised once the charlty has been notlfied of the donation. unless performance condltions requlre deferral of the amounL Income tax recoverable in relation to donations received under Gift Aid or dvds of covenant Is recogni5ed at the time of the donatfron. GEDNEY DYKE VILIAGE HALL NOTES TO THE RNAIKIAL sfATEMEPlfS (copmNUED) (Continwd) Legacles are recognlsed on recèipt or otherwise if the charlty has been Th>tlfied of an impendln8 distribution. the amount is known. and receipt is expected. If the amount is not known. the le8acy Is treated as contingent asset. l.S Expendlture All expenditu￿ is recognlsed once there is a legal or constructlve obll8ation to that expenditur4 it Is probable settlement is required and the amount can be measured reliably. All costs are alloG*ed to the applicable expendlture heading that aggregats simllar costs to that cats80ry. Where costs cannot be directty attributed to partlcular headings tlw have been allocated on a basis conslstent with the use of ￿sOUrceS with central staff costs allocated on the basls of tlme spent, and depreclatlon charges all￿ated on the portion of the asset's use. Other support costs are allocated based on the spread of 5tsff costs. 1.6 Tanglble Ilxed a55ets Tangible fixed assets are Inltially measured at cost and subsequently measured at cost or valuatlon, net of dep￿cIation and any impalrment losses. Depreciation is ￿COgnised so as to wrlte off the cost or waluatSon of assets less thelr resldual values over their useful lives on the following bases: Property Improvernents Flxtures and ffttln8S 10% 5tralght Ilne IO% stralght line The gain or 1055 arfsin8 on the dlsposal of an asset Is determlned as the dlfference between the sale proceeds and the carryln£ Ydlue of the asset, and Is recognSsed In the statement of financial activiiles. 1.7 Impalrnwrt offixed assets At each reportfng end date. the charlty reviews the carrying amounts of Its tanglble assets to determSne whether there is any Indlcatlon that those assets have suffered an Impalrment loss. If any such Indtatlon exists, the recoverable amount of the asset is estimated in order to determlne the extent of the 1mK8lr￿*nt loss (If ary). Stocks Stocks are ststed at the lower of cost and estlmated sellln8 price le$5 costs to complete and sell. Cost comprises direct materials and. where applicable, dlrect labour costs and those overheads that have been Incurred in bringing the stocks to their present location and conditlon. Items held for distrlbutton at no or nomlnal consideration are measured the lower of replacement cost and cost. Net realisable value is the estimated selling price less all estimated costs of completlon and costs to be Incurred in marketin& selling and dlstribution. 1.9 Cash and osh eryAvalents Cash and cash equlvalents include cash in hand. deposlts held at call wFth banks. other $I￿rt-terrn Ilquid Investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts a shown withln borrowings in current liabilities. GEDNEY DYKE VILLAGE HALL Basic financlal assets, whlch indude debtors and cash and bank balances. are initlally measured * transaction prlce includin8 tran&ictlon costs and are subsequentty carried at amortised cost using the effectlve interest method unless the arrangement constitutes a financing transaction. where the trdrKsaction is measured at the p￿nt value of the future receipts discounted at a market rate of interest. Flnancial assets dassified as receivable within one year are not amortlsed. Baslcflnondolllablllues Basic financial liabilit5es, indudlng credltors and bank loans are inltlally recognlsed at transaction price unless the arrdngement constitute5 a financln8 transaciion, where the debt instrument is measured at the pRsent value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable withln one year are not arr￿sed. Debt Instruments are subsequently carrled at amortlsed cos¢ uslng the effectlve Interest rate method. Trade credltors are obllrnlons to pay for goods or servlces that have been acqulred In the ordlnwy coutse of operailons from suppllers. Amounts payable are classlfied as current liabilities rf payment is due wlthln one year or les& 11 not, they are presented as noTrcurrent Ilabilltles. Trade credItO￿ are recognlsed initially at transaC￿n prlce and subsequentty measured at amorttsed cost uslng the effectfve Interest method. Financlal liabilitles are derecognlsed when the charws contrartual obli￿On5 expire or are d15charged or £anceJJeil. Crltlol accountln8 estlm•tes and Jud8•ments In the appllcatlon of the charl￿$ accounting policies. the trustees are requlred to make judgernents, estlmates and assumptlons about the carrying amount of assets and Ilabllitles that are not readity apparent from other 50urces. The estimates and assoclated assumptlons are based on historlcal experience and other fartors that are considered to be relevant. Actual results may differ from these estlmates. The estfjmates and undertying assumptions a￿ reviewed on an ongolng basls. RevlsSons to accountlng estimates are recognised in the period in which the estimate is revised where the revision affects Inly that period. or in the period of the revlsion and fvtU￿ periods where the revision affects both current and future period unrestric￿ Unrestrfcted funds 2024 Donations and gifts 4,615 FOR 7HE YEAR ENDED 31 AIARCH2025 funds Charftable Income Hall hlre Bin80 Events Bar takin85 4.275 14WS 5.899 8.220 5,207 11,453 7,171 15.106 33,199 38,937 fund$ 2024 2025 Interest receivable 190 127 RaI￿ry funds funds 2024 Openin8 stlxk 8ar purchases Bingo Events Closing stock 828 5,565 5.741 4￿73 (2.636) 1.701 9,353 3.816 5.815 (828) Costs ot trading artivities 14371 19,857 14.371 19A57 6EDNEY DYKE VILLAGE IIALL NOTES TO THE FIK4th1aAL STATEMENTS (CONTINUED) FOR ThE YEAR ENDED 31 AfARCH 2025 Expendlture on tharitsble aCtsvi￿eS Charltable Charftable Expendlture ExPendI￿re 2024 Depreciation and Impalmient Utilitles Insurdnce Property rnalntenance Fire and security Statlonery costs Sundry expenses Cleanln8 6,936 2,968 575 4,576 106 455 6,367 5.242 515 6.598 92 142 i.ooi 1,558 2.762 19,358 21,515 Share of support casts (see note 8) Governance 732 1,102 20,090 22,617 Analysls by fund Unrestricted funds 20.1)90 22,617 Support costs Support Governance 2025Support costs Governance costs 2024 Accountsncv Admin & bookkeeping 732 732 702 702 732 732 i.ioz 1,102 Analysed between Charitsble activities 732 732 1,102 1,102 IKYTES TO THE HNANaAL STATEPaENTS (COIITINUED) FOR THE YEAR ENDED31 MARCH2025 The net movement in funds is stated after char8lng/(creditinB): Oepreciation of owned tsngible fixed assets 6,936 6.367 None of the trustees (or ary persons connected wlth them) received any remuneratlon or benefits fr(m the ¢har6ty durlng the year. 11 Taxatlon The charlty is VAempt from taxatlon on its actfvltles because all its income is applled for charltable purposes. 12 Tan￿ble fixed assets Cort At l April 2024 Additions S5.645 8.013 5,692 63.658 5,692 At 31 Ma￿h 2025 55.645 13.705 69.350 At l April 2024 Depreclatlon charged In the year 29.187 5565 4,304 1,371 33.491 6,936 At 31 Marth 2025 34,752 5.67S 40.427 At 31 March 2025 20.893 8,030 28.923 At 31 March 2024 26,458 3.709 30.167 Stocks St¢xk5 2.637 828 GEDNEY DYKE VILLAGE HALL NOTES TO THE FINANCIAL sTATE￿NTs (COtinNUED) FOR THE YEAR ENDED31 MARCH 2025 14 Credltots: amouiits frdlllng due wltlth one ￿ar 2024 Accruals and defer￿d income 702 672 IS Analpb of net assets beNwn funds fund5 2025 At 31 M•rth 2025: Tan8lble assets Current assets/lllabllltfes) 28.923 18.973 47,896 fund5 2024 At 31 Marth 2024: TanB5ble assets Current assets/lliabilitles) 30,167 14,186 44,353 ## **Document Activity Report** ## **Document Sent** Tue, 27 May 2025 15:27:20 GMT ## **Document Activity History** Document history shows most recent activity first ## **Date** ## **Activity** Thu, 29 May 2025 10:38:10 GMT Sue Chapman viewed the document You can verify that this is a genuine Portal document by uploading it to the following secure web page: **http://tcgroup2.accountantspace.co.uk/messages/VerifyDocument**