CLEETHORPES MEMORIAL HALL TRUST UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
CLEETHORPES MEMORIAL HALL TRUST
BUSINESS INFORMATION
Proprietor
Mr M Loftus
Accountants
Affinity Solutions 66 St Peters Avenue Cleethorpes Lincolnshire United Kingdom DN35 8HP
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2
CLEETHORPES MEMORIAL HALL TRUST
CONTENTS
Page
Accountants’ report
Profit and loss account
Balance sheet
Notes to the financial statements
3
4-5
See rm
Cleethorpes Memorial Hall Trust
Financial Statements for the year ended 31 December 2025
Accountants Report:
In accordance with instructions given to us we have prepared without carrying out an audit the annexed financial statements from the accounting records of The Cleethorpes Memorial Hall Trust, and from information and explanations supplied to us.
Date: 26th February 2026
Affinity Solutions 66 St Peters Avenue Cleethorpes N E Lincolnshire DN35 8HP
Officers' Approval Certificate:
We approve the financial statements and confirm that we have made available all relevant records and information for their preparation.
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Pauline Cole - Secretary
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Mick Loftus - Treasurer
Date: 26th February 2026 -
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CLEETHORPES MEMORIAL HALL TRUST
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2025
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||||||||
|---|---|---|---|---|---|---|
|2025|2024|
|£|£|
|Turnover|77,820|71316|
|Cost|of sales|(3,205)|(2,445)|
|Gross|profit|74,615|68,871|
|Administrative|expenses|(81,798)|(74,839)|
|Operating|loss|(7,183)|(5,968)|
|Interest|receivable|and|similar|income|3,861|4,906|
|Loss|for the year|(3,322)|(1,062)|
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wD
CLE001
Client: Cleethorpes Memorial Hall Trust
| Year Ended 31 December 2025 | Prepared on 26 | February 2026 |
|---|---|---|
| Profit and Loss Account Lead Schedule | Section: | |
| Description | 2025 | 2024 |
| £ | £ | |
| Turnover | ||
| 0010 Bar Sales | 7,998 | 6,420 |
| 0020 Lettings | 69,352 | 64,896 |
| 0030 Donations | 470 | - |
| 77,820 | 71,316 | |
| Cost ofsales | ||
| 0500 Opening Stock | 300 | 350 |
| 0600 Purchases | 3,205 | 2,395 |
| 0900 Closing Stock | (300) | (300) |
| 3,205 | 2,445 | |
| Administrative expenses | ||
| 3000 VWages and salaries | 37,649 | 34,164 |
| 3045 Honoriums | 720 | 720 |
| 3320 Rates and water | 1,008 | 400 |
| 3340 Household and Cleaning | 2,417 | 1,748 |
| 3350 Power, light and heat | 10,507 | 9,223 |
| 3400 Repairs and Renewals | 21,421 | 21,395 |
| 3630Accountancy | 900 | 900 |
| 3700 Bankcharges | 141 | 196 |
| 3800 Insurances | 4,582 | 4,091 |
| 3810 Postage and stationery | 173 | 137 |
| 3831 Licenses | 1,303 | 1,128 |
| 3840 Telephone | 835 | 538 |
| 3890 Sundry expenses | 142 | 239 |
| 81,798 | 74,839 | |
| Interest received | ||
| 4300 Bank interest received | 3,861 | 4,906 |
| (3,322) | (1,062) |
Prepared by:
Reviewed by:
Partner Review:
Date: ..... ee Date: ....eesseees Date: vsccscccceccs
CLEETHORPES MEMORIAL HALL TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| Fixed assets | |||||
| Tangible assets | 55,483 | 55,483 | |||
| Current assets | |||||
| Stocks | 300 | 300 | |||
| Debtors | 4,696 | 4,582 | |||
| Cash atbank | 165,405 | 175,081 | |||
| 170,401 | 179,963 | ||||
| Creditors: amounts falling due within | |||||
| one year | (900) | (7,140) | |||
| Net current assets | 169,501 | 172,823 | |||
| Total assets less current liabilities | 224 984 | 228,306 | |||
| Fixed capital account | 228,306 | 229,368 | |||
| Currentaccount | (3,322) | (1,062) | |||
| 224,984 | 228,306 |
In accordance with the engagement letter dated ........................., | approve the financial statements set out on pages 2 to 5. | acknowledge my responsibility for the financial statements, including the appropriateness of the accounting basis as set out in note 1 to the financial statements, and for providing Affinity Solutions with all information and explanations necessary for their compilation.
The financial statements were signed on 26 February 2026.
Mr M Loftus
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CLEETHORPES MEMORIAL HALL TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
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- 1 Accounting policies The principal accounting policies applied are as follows.
1.1. Basis of preparation The financial information is compiled on an agreed accounting basis that enables profits to be calculated such as to meet the requirements of Section 25 of the Income Tax (Trading and Other Income) Act 2005, and provides sufficient and relevant information to enable the completion of a tax return. The financial statements have been prepared in accordance with the recognition and measurement principles of UK GAAP - FRS 102 other than the following departures which are neutral for income tax purposes:Freehold properties are not depreciated - Investment properties are carried as historical cost and are not depreciated - Investment property components of freehold property have not been separately accounted for and are therefore carried as a complete asset - The investment portfolio has been has been accounted for at historical cost, net of any impairment losses, rather than at fair value - Financing transactions, such as interest free loans to or from related parties have not been discounted to net present value. Presentation and disclosure requirements of FRS 102 have not been followed as these are not relevant to the sole trader.
1.2 Turnover Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably. Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that are recoverable.
1.3. Tangible fixed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Fixtures and Fittings and Computers were written down to £nil value in 2021 financial year. Therefore no depreciation was required for 2022. The £55,483 Tangible asset value shown on the balance sheet represents the Freehold land and buildings.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings No Depreciation Fixtures and fittings 15% Reducing Balance Computers 33% Straight Line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
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