## **Metheringham Village Hall** **Treasurer’s Annual Report** **Submitted at the Annual General Meeting – May 2024** I have been the Treasurer for the Village Hall now for the last four years. Available are copies of the Accounts for the Financial Year Ended 31 March 2023 in which we ended the year with a small profit of Income over Expenditure of £2,702. With regards to the last financial year end March 2024 unfortunately due the increased costs to light and heat the hall (over £10,000) we have finished the year with a deficit of approx. £4,000. The Bank Account at the end of March 2024 showed us with a credit balance of £5,300. We can maintain the running of the Village Hall with the Income we receive but unfortunately without Grants, Fundraising or Donations we won’t be able to improve it. Thank you. Signed by Jayne Brown Treasurer on behalf of Metheringham Village Hall REG15fERED CHARITY NUMBER: 521856 rt of the Trustees and naudited Financial Statements for the Year Ended 31 March 2024 for Metherin ham Villa e Hall Reeve & Co Chartered Certified Accountants Unit 14 Oak House Witham Park Waterside South Lincoln LN5 7FB Met rin ham Villa Hall Contents of the Financial Statements for the Ye r Ended 31 March 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detalled Statement of Financial Actlvities Metherin ham Villa e Hall Re ort of the Trustees for the Year Ended l March 2024 The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 (effective l January 20191. STRUCTURE, GOVERNANCE AND MANAGEMENT Governine document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charitv. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Charlty number 521856 Prlncipal address Metheringham Villa8e Hall Fen Road Metheringham Llncoln Lincolnshire LN4 3AA Trustees Miss H Brown Mrs J Brown D Rushbv Mr5 P Ventre5S Mrs A Russel Independent Examlner Reeve & Co Chartered Certlf Sed Accountant5 Unit 14 Oak House Witham Park Waterslde South Lincoln LN5 7FB Approved by order ofthe board of trustees on . 16- and signed on its behalf by.. Miss H Brown- Trustee Pa8e I Inde endent Examiner's Re Metherin m Villa e Hall ort to the Trustees of Independent examiner's report to the trustees of Metheringham Village Hall I report to the charity trustees on my examination of the accounts of Metheringham Village Hall (the Trust) for the year ended 31 March 2024. Responslbillties and basls cf report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2CII I'the Act'l. I report in respect of my examination of the Trust'5 accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145ISllbl of the Act. Independent exambner's statement I have completed my examination. I confirm that no materlal matters have come to my attention in connection with the examination 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 Act; or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out In the Charities {Accounts and Reports) Re.gulations 2008 other than any requirement that the accounts Eive a true and fair view whlch 15 not a matter considered as part of an independent examination. I have no concerns and have come across no other matter5 In connection with the examlnatlon to which attention should be drawn In this report in order to enable a proper understanding of the account5 to be reached. P A Reeve FCCA Reeve & Co Chartered Certified Accountants Unit 14 Oak House Witham Park Waterside South Lincoln LN5 7FB Pa8e 2 Metherin ham Villa e Hall Statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Unrestricted fund 31.3.23 Total funds Notes INCOME AND ENDOWMENTS FROM Oonations and legacie5 S74 976 Charltable actlvltle5 Hire of venue 24.638 23,994 Total 25,212 24,970 EXPENDITURE ON Charitable activitles Hire of venue 29,420 22,268 NEf INCOME/{EXPENDITURE) 14,2081 2,702 RECONCILIATION OF FUNOS Total funds brought forward 8,957 6,25S TOTAL FUNDS CARRIED FORWARD 4,749 8,957 The notes form part of these financial statements Page 3 Metherin ham Villa e Hall Balance Sheet 31 March 2 24 31.3.24 Unrestricted fund 31.3.23 Total funds Notes FIXED ASSETS Tangible assets 95 95 CURRENT ASSETS Debtors Cash at bank and in hand 836 4,574 1,454 9,732 5,410 11,186 CREDrroRS Amounts fallin8 due within one year 17561 12,3241 NET CURRENT ASSETS 4,654 8.862 TOTAL ASSETS LES5 CURRENT LIABILITIES 4,749 8,957 NET ASSETS 4,749 8,957 FUNDS Unrcstricted funds 4,749 8.957 TOTAL FUNDS 4,749 8,957 The financial statements were approved by the Board of Trustees and authorised for issue and were signed on its behalf bv.. on H 8rown- Trustee The notes form part of these financial statements Page 4 Metherin ham Villa e Hall Notes to the Financi315tatements for the Year Endod l March 2024 ACCOUNTING POLICIES 8asis of preparing the flnancial statement5 The financial statements of the charlty, which is a public benefit entity under FR5 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it 15 probable that the income will be received and the amount can be measured reliablv. Expendlture Liabilities are recognised as expenditure as soon a5 there is a legal or constructive obligation committing the charity to that expenditure. it is probable that a transfer of econornic benefits will be required in settlement and the amount of the obligation can be measured reliably. ExpenditLJre is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to actlvities on a basis consistent with the use of resources. Tanglble fixed assets Depreclation is provided at the following annual rates in order to write off each asset over it5 estimated useful life, Plant and machinery not provided Taxatlon The charlty Is exempt from tax on Its charitable actlvltles. Fund accountin8 Unrestricted fund5 can be used in accordance with the eharltable oblectlves at the discretion of the trustees. Restricted funds can only be used for partlcular restricted purposes within the objects of the charlty. Restriction5 arise when specified by the donor or when fund5 are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the flnancial 5tatement5. TRUSfEES' REMUNERATION AND BENEFITS There were no tru5tees' remuneration or other bÈneflts for the year ended 31 March 2024 nor for the year ended 31 March 2023. Tru5tees' expenses There were no trustees. expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023. Page 5 continued... Metherin ham Villa e Hall Notes to the Financial Statements - continued for the Year Ended 31 Mar h 2024 STAFF COST5 The avera8e monthly number of employees during the year was as follows.. 31.3.24 31.3.23 Support staff No employees received emoluments in excess of £60,000. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfiviTIES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and le8acie5 976 Charltable actlvltles Hire of venue 23,994 Total 24,970 EXPENDITURE ON Charitable activitles Hire of venve 22,268 NET INCOME 2,702 RECONCILIATION OF FUNDS Total funds brought foiward 6,255 TOTAL FUNDS CARRIED FORWARD 8.957 TANGIBLE FIXED ASSETS Plant and machinery COST At l April 2023 and 31 March 2024 95 NET BOOK VALUE At 31 March 2024 95 At 31 March 2023 95 Page 6 continued... Metherin ham Villa e Hall Note to the Financial Statements - con for the Year Ende l March 2024 inued DEBTORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.3.24 31.3.23 Trade debtors 836 1,454 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade creditors Other creditors 521 235 2,089 235 756 2,324 MOVEMENT IN FUNDS Net movement in funds At 31,3.24 At 1.4.23 Unrestricted funds General fund 8,957 14,2081 4,749 TOTAL FUNDS 8,957 14,208) 4,749 Net movement In funds, included in the above are as follows: Incoming resources Resources expended Movement In funds Unrestrlcted funds General fund 25,212 129,4201 14,2081 TOTAL FUND5 25,212 129,420) {4,208) Comparative5 for movement In funds Net movement in funds At 31.3,23 At 1.4.22 Unre5trlcted fund5 General fund 6,255 2,702 8,957 TOTAL FUNDS 6,255 2,702 8,957 Page 7 continued... Metherin ham Villa e Hall Notes to the Financial Statements - continued for the Year Ended 31 March 2024 MOVEMEI4T IN FUNDS- continued Comparative net movement in funds. included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 24,970 {22.2681 2.702 TOTAL FUNDS 24,970 122,2681 2,702 A current year 12 months and prior year 12 months combined position is as follows.. Net movement In funds At 31,3.24 At 1.4.22 Unrestrlcted funds General fund 6,255 11,5061 4.749 TOTAL FUNDS 6,255 11,5061 4,749 A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrlcted funds General fund 50,182 (51,688) 11,5061 TOTAL FUNDS 50,182 151,6881 11,5061 RELATED PARTY D15CLOSURES There were no related party transactions for the year ended 31 March 2024. Page 8 Metherin ham Villa e Hall emen of Financial A for the Year Ended 31 March 2024 ivitles 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donatlons and legacles Fund raising Donations 174 400 681 295 574 976 Charltable actlvltles Venue hire etc 24,638 23.994 Total incomlng resources 25,212 24,970 EXPENDITURE Charltable actlvltles Wa8es Rates & Council tax Cleaning Light and heat Repairs to property & equipment Sundries Accountancy fees Licences HMRC penalty 7,815 840 2,616 10,215 6,173 341 634 786 6,434 821 2,198 10,636 432 206 663 678 200 29,420 22,268 Total resources expended 29,420 22,268 Net lexpendlturel/lncome 14,208) 2,702 This page does not form part of the Statutory financial statements Page 9 Inde endent Examiner's Re Metherin ham Villa Independent examlner'5 report to the trustees of Metherlngham Village Hall I report to the charity trustees on my examination of the accounts of Metheringham Village Hall Ithe Trust) for the year ended 31 March 2024. ort to the Trustees of Responsibllitles and basls of report As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 20111'the Act'l, I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Art and in carrying out my examination I have followed all applicable Directians given by the Charity Commission under Section 145151{b) of the Act. Independent examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination Bivin8 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 Act,. or the accounts do not accord with those records; or the account5 do not comply wlth the applicable requirements concerning the form and content of accounts set out in the Charitie5 (Accounts and Report51 Regulations 2008 other th3n any requirement that the accounts give a true and fair vlew which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connectlon 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, P A Reeve FCCA Reeve & Co Chartered Certified Accountants Unit 14 Oak House Witham Park Waterside South Lincoln LN5 7FB Date- Page 2