## **WELTON VILLAGE HALL**
Ryland Road, Welton, Lincs., LN2 3LU
Chair/Secretary: Graham Nicholls 59 Eastfield Lane Welton LN2 3ND 01673 860454
Treasurer: Terry Peachman 28 The Hardings Welton
## **ANNUAL REPORT 2021**
Writing this in June 2021, as Covid restrictions are beginning to ease, the memory of the almost total closedown that prevailed for virtually the whole of the financial year reported here is already beginning to fade. However, the accounts speak for themselves: income from bookings was only about 25% of that for the previous year but Covid support grants from West Lindsey District Council ensured that the end of year financial position was slightly better than in 2020. To that extent, the Trust is in a good position to bounce back to life as the overall situation improves. We acknowledge with gratitude the government’s financial assistance to all village halls and community buildings. Without it, the position of some would have been very difficult.
Nevertheless, it is becoming clear that Covid has changed the landscape of community life in ways which may be permanent. Talk of a ‘new normal’ is now commonplace but the evidence is clear. In Welton, we have seen the demise of one of the hall’s longest-standing users, the monthly Luncheon Club, and one of its past users, the Bowls Club. Voluntary organisations suffered the double threat generally of having older residents as both volunteers and users and it may be harder for these to pick up the threads again. On the other hand, commercial lettings of the hall (and the outside space) by enterprising individuals now form a much larger part of the overall usage of the hall. The growing popularity of personal fitness and wellbeing activities for adults and children is particularly noticeable. While we hope that as many previous users of the hall as possible will return at some point during 2021, we will need to think hard about how the Trust should adapt to remain in tune with the needs and interests of the community it serves. Before Covid we were considering whether it might be possible to open the Welton Room as a workspace for the increasing number of people setting themselves up in self-employment: the growth in semi-permanent home working may make this even more relevant in future. To consider new ideas like this will be one of the tasks for the Trust in 202122.
In the meantime, I would, as always, like to thank all members of the management committee but particularly Terry Peachman for his tireless work to keep things going and to ensure the Trust attracted the funding on offer and Marie-Claire Holman, whose dedication to the cleaning of the hall ensured that it could be used safely whenever that was possible. Some changes have occurred during the year: Marie-
Claire has handed her duties as premises supervisor to Sheila Stamp, who we welcome and hope will be able to get the bar going again at events during the coming year. I have already mentioned the closure of the Luncheon Club and the retirement from the management committee of Anne Loom. Sue Sutton, another long-standing member of the committee, also retired and Neil Coulton took over from Phil Gabbitas as the representative of the pantomime committee. It would be good to see other new faces to ensure the Trust’s continuing viability as it looks beyond this, its 80th AGM, towards its centenary.
Graham Nicholls Chair
**Welton Village Hall Trust Registered Charity Number 522006/1 Annual Accounts**
**For the year ending 28th February 2021**
## **Welton Village Hall Trust - Registered Charity Number 522006/1 Balance Sheet**
## **As at 28th February 2021**
|**Fixed Assets**
Village Hall
Fixtures and Fittings
Bar Fittings
**Total Fixed Assets**
**Current Assets**
Bar Stock At Cost
Premium Account
Current Account
Bar Current Account
Debtors
**Total Current Assets**
**Cash Account**
Bar Cash in Hand
Village Hall Cash in Hand
**Total Cash Account**
**Total Assets**
**Current Liabilities**
Trade Creditors
Accruals
Refundable Deposits
**Total Current Liabilities**
**Total Liabilities**
**Total Assets less Total Liabilities**
**Represented by:**
**Unrestricted Funds**
Unrestricted Funds B.fwd
Surplus
**Total Unrestricted Funds**
**Restricted Funds**
Asset Revaluation
Contingent Fund
Grant Applied
Loans Applied
Fabric Fund
**Total Restricted Funds**
**Total Unrestricted and Restricted Funds**|213,�04
4,��2
3�3
**218,769**
1,50�
4�,�2�
�,�2�
2,3�4
3,124
**63,569**
350
20�
**558**
**282,896**
1,44�
4�0
150
**2,077**
**2,077**
**280,819**
154,425
�,405
**163,830**
�2,��1
1,330
10,125
1,500
11,1�3
**116,989**
**280,819**
**2021**
**£**|213,�04
5,�44
455
**219,903**
2,320
34,���
10,431
2,3�4
2,30�
**52,142**
350
112
**462**
**272,507**
3�3
4�0
250
**1,093**
**1,093**
**271,414**
150,2�2
4,133
**154,425**
�2,��1
1,330
10,125
1,500
11,1�3
**116,989**
**271,414**
**2020**
**£**|
|---|---|---|
## **Welton Village Hall Trust - Registered Charity Number 522006/1 Fixed Assets As at 28th February 2021**
|**Cost**
As at 1st March 2020
Additions
Disposals
**As at 28th February 2021**
**Depreciation**
As at 1st March 2020
Charge for the year
Eliminated on disposals
**As at 28th February 2021**
**Net Book Value**
**As at 28th February 2021**
**As at 29th February 2020**|**Village Hall**
**Fixtures and**
**Fittings**
**Bar**
213,�04
43,5��
�,324
-
-
-
-
-
-
213,�04
43,5��
�,324
-
3�,�53
�,���
-
1,052
�2
-
-
-
-
3�,�05
�,�51
213,�04
4,��2
3�3
213,�04
5,�44
455|**Total**
2��,525
-
-
2��,525
4�,�22
1,134
-
4�,�5�
21�,���
21�,�03|
|---|---|---|
## **Welton Village Hall Trust - Registered Charity Number 522006/1 Income and Expenditure As at 28th February 2021**
|**Income**
**Direct Charity Income**
**Hire of Village Hall**
Village Hall Hire
Less Discounts Given
**Total Hire of Village Hall**
**Wi-Fi**
WLDC Income
Less Expenditure
**Total Wi-Fi**
**Investments**
Deposit Account Interest
**Total Investments**
**Total Direct Charity Income**
**Non-Charity Income**
Bar Sales
Covid 1� grants from WLDC
Donations (Police Mutuals, Welton News and Co-op)
**Total Non-Charity Income**
**Total Income**|�,213
2,��5
-
**6,238**
4��
4��
-
**-**
2�
**28**
**6,266**
-
21,003
-
**21,003**
**27,269**
**2021**
**£**|42,3�5
12,15�
-
**30,209**
�15
���
-
**36**
�1
**61**
**30,306**
�,��2
-
250
**9,122**
**39,428**
**2020**
**£**|
|---|---|---|
## **Welton Village Hall Trust - Registered Charity Number 522006/1 Income and Expenditure As at 28th February 2021**
|**Expenditure**
**Services Expenditure**
Gas and Electricity
Water Rates
Insurance
Cleaning
**Total Services Expenditure**
**Repairs and Maintenance**
Building and Decoration
Depreciation
**Total Repairs and Maintenance**
**Administration Expenses**
Accountancy
Honorariums and Gifts
Office Expenses
**Total Administration Expenses**
**Licences and Subscriptions**
Performing Rights Society (2 Years)
Community Links
WLDC
**Total Licences and Subscriptions**
**Non Charity Event Expenses**
Bar Stock (Adjusted)
Bar Wages and PAYE
Accountancy
Other Bar Expenses
Depreciation
**Total Licences and Subscriptions**
**Total Expenditure**
**Net Revenue for the Year**
**Capital Account B.fwd**
**Capital Account C.fwd**|2,���
313
1,���
4,�5�
**9,733**
5,215
1,134
**6,349**
4�0
250
5�
**788**
-
-
1�0
**180**
�14
-
-
-
-
**814**
**17,864**
**9,405**
**271,414**
**280,819**
**2021**
**£**|4,2��
1,01�
1,5�0
�,3��
**15,223**
�,���
1,2�3
**9,961**
4�0
250
35
**765**
335
120
1�0
**635**
5,5�2
2,�1�
-
410
100
**8,711**
**35,295**
**4,133**
**267,281**
**271,414**
**£**
**2020**|
|---|---|---|
## **Welton Village Hall Trust - Registered Charity Number 522006/1 Bar Trading Account As at 28th February 2021**
|**Sales**
**Cost of Sales**
Opening Stock
Purchases
Closing Stock
**Gross Profit**
**Expenditure**
**Wages**
Net Pay
**Other Bar Expenses**
Equipment Repairs
Gas Cylinders
WLDC Licensing Fee
Accountancy
Other
**Total Expenditure**
**Net Trading Profit/(Loss)**|-
-
2,320
-
1,50�
-
�14
**814**
**-**
-
-
-
-
-
-
-
-
**-**
**814**
**-**
**£**
**2021**|�,��2
�,��2
2,1�5
5,�3�
2,320
-
5,5�2
**3,290**
2,�1�
2,�1�
-
130
1�0
-
2�0
5�0
**3,209**
**81**
**£**
**2020**|
|---|---|---|
## **Welton Village Hall Trust**
## **- Registered Charity Number 522006/1**
## **For the year ending 28th February 2021**
## **Independent Examiner's Report**
## **Responsibilities and basis 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 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination and I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Signed :**
**Date :**
**Name :** Jessica Melton, on behalf of Seven Accounting Limited **Relevant professional body :** ACCA
**Address :** � Goltho View, Goltho, Market Rasen, LN� 5AE
## **Welton Village Hall Trust - Registered Charity Number 522006/1 For the year ending 28th February 2021**
## **Notes to the financial accounts for the year ending 28th February 2021**
## **Note 1**
a) Refundable deposits have been reallocated from income and included within current liabilities.
b) It may be a good idea to get a simple valuation to see if the Village Hall is worth more now. It has been 5 years since a valuation was done and property valuations have gone up considerably since then.
c) The bar stocktake should be completed on the last day of the financial year and there should be an independent member of the bar staff in attendance with them.
## **Note 2**
With the exception of the Village Hall, real property (which is recorded in the 1��3 Balance Sheet at Open Market Valuation) in the annexed accounts has been prepared under the historic cost convention.
## **Note 3**
Depreciation is provided on the estimated useful life of the assets and anticipated residual value at 1�� pa reducing balance.
## **Note 4**
There were no Fixed Asset additions during the year.
## **Note 5**
Restricted funds are:
**----- Start of picture text -----**
Fund Type Reason
Asset Revaluation Unrealised appreciation of Fixed Assets
Contingency Unrestricted Capital Donation
Grants Applied Restricted Capital Grant
Loan Applied Restricted Capital Receipt
Special Fund from realised capital receipt (restricted
Fabric Fund from use of Village Hall premises)
**----- End of picture text -----**
## **Welton Village Hall Trust - Registered Charity Number 522006/1 For the year ending 28th February 2021**
## **Independent Examiner's Report**
## **Responsibilities and basis 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 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination and I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- accounting records were not kept in accordance with section 130 of the Act or
- the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Signed :**
**Date :** 9th June 2021 **Name :** Jessica Melton, on behalf of Seven Accounting Limited **Relevant professional body :** ACCA **Address :** 6 Goltho View, Goltho, Market Rasen, LN8 5AE
## **Welton Village Hall Trust - Registered Charity Number 522006/1 For the year ending 28th February 2021**
## **Notes to the financial accounts for the year ending 28th February 2021**
## **Note 1**
a) Refundable deposits have been reallocated from income and included within current liabilities.
b) It may be a good idea to get a simple valuation to see if the Village Hall is worth more now. It has been 5 years since a valuation was done and property valuations have gone up considerably since then.
c) The bar stocktake should be completed on the last day of the financial year and there should be an independent member of the bar staff in attendance with them.
## **Note 2**
With the exception of the Village Hall, real property (which is recorded in the 1993 Balance Sheet at Open Market Valuation) in the annexed accounts has been prepared under the historic cost convention.
## **Note 3**
Depreciation is provided on the estimated useful life of the assets and anticipated residual value at 18% pa reducing balance.
## **Note 4**
There were no Fixed Asset additions during the year.
## **Note 5**
Restricted funds are:
**----- Start of picture text -----**
Fund Type Reason
Asset Revaluation Unrealised appreciation of Fixed Assets
Contingency Unrestricted Capital Donation
Grants Applied Restricted Capital Grant
Loan Applied Restricted Capital Receipt
Special Fund from realised capital receipt (restricted
Fabric Fund from use of Village Hall premises)
**----- End of picture text -----**