**Welton Village Hall Trust Registered Charity Number 522006/1 Annual Accounts**
**For the year ending 28th February 2023**
## **Welton Village Hall Trust - Registered Charity Number 522006/1 Balance Sheet As at 28th February 2023**
|**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
Other debtor - Bar Stock
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
�,���
2�1
**219,433**
-
�4,�33
�,���
-
��0
���
**82,935**
-
2�
**28**
**302,396**
-
4�0
�00
**1,080**
**1,080**
**301,316**
1�0,224
14,103
**184,327**
�2,��1
1,330
10,12�
1,�00
11,1�3
**116,989**
**301,316**
**2023**
**£**|213,�04
3,���
30�
**217,907**
�4�
��,�32
10,33�
2,�02
-
100
**70,520**
��2
3��
**1,120**
**289,547**
1,�04
4�0
3�0
**2,334**
**2,334**
**287,213**
1�3,�30
�,3�4
**170,224**
�2,��1
1,330
10,12�
1,�00
11,1�3
**116,989**
**287,213**
**2022**
**£**|
|---|---|---|
## **Welton Village Hall Trust - Registered Charity Number 522006/1 Fixed Assets As at 28th February 2023**
## **Cost**
As at 1st March 2022 Additions Disposals **As at 28th February 2023**
## **Depreciation**
As at 1st March 2022 Charge for the year Eliminated on disposals **As at 28th February 2023**
**Net Book Value As at 28th February 2023**
**As at 28th February 2022**
**----- Start of picture text -----**
Fixtures and
Village Hall Fittings Bar Total
213,�04 43,��0 �,324 2��,�0�
- 2,�0� - 2,�0�
- - - -
213,�04 4�,4�� �,324 2��,414
- 3�,��3 �,01� 4�,�01
- 1,22� �� 1,2�0
- - - -
- 40,�0� �,0�3 4�,��1
213,�04 �,��� 2�1 21�,433
213,�04 3,��� 30� 21�,�0�
**----- End of picture text -----**
## **Welton Village Hall Trust - Registered Charity Number 522006/1 Income and Expenditure As at 28th February 2023**
|**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
Grant from Welton Parish Council
Donations (Police Mutuals, Welton News and Co-op)
**Total Non-Charity Income**
**Total Income**|4�,41�
12,���
-
**32,547**
-
�3
-
**53**
**-**
202
**202**
**32,696**
��
��0
2,000
10,0�0
**12,995**
**45,691**
**2023**
**£**|2�,3�3
�,���
-
**18,666**
-
2�1
-
**251**
**-**
�
**5**
**18,420**
�,��1
10,���
-
**16,428**
**34,848**
**2022**
**£**|
|---|---|---|
## **Welton Village Hall Trust - Registered Charity Number 522006/1 Income and Expenditure As at 28th February 2023**
|**Expenditure**
**Services Expenditure**
Gas and Electricity
Water Rates
Insurance
Cleaning and waste disposal
**Total Services Expenditure**
**Repairs and Maintenance**
Building and Decoration
Depreciation
**Total Repairs and Maintenance**
**Administration Expenses**
Accountancy
Honorariums and Gifts
Bank charges
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**|�,22�
���
1,��0
�,��1
**17,565**
10,��3
1,2�0
**12,043**
4�0
4�0
�2
3�
**1,037**
���
-
203
**761**
��
4�
-
3�
-
**182**
**31,588**
**14,103**
**287,213**
**301,316**
**2023**
**£**|4,3�1
��2
1,��3
�,124
**14,910**
�,233
�4�
**6,178**
4�0
310
1�
13�
**941**
33�
-
203
**538**
3,�2�
1,��2
-
1��
-
**5,887**
**28,454**
**6,394**
**280,819**
**287,213**
**£**
**2022**|
|---|---|---|
## **Welton Village Hall Trust**
## **- Registered Charity Number 522006/1 Bar Trading Account As at 28th February 2023**
|**Sales**
**Cost of Sales**
Opening Stock
Purchases (including stock write down)
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)**|��
��
�4�
��0
-
-
��
**4**
**-**
4�
4�
-
-
-
-
3�
3�
**83**
**87**
**-**
**£**
**2023**|�,��1
�,��1
1,�0�
3,2�1
�4�
-
3,�2�
**1,833**
1,��2
1,��2
-
-
-
-
1��
1��
**1,959**
**126**
**-**
**£**
**2022**|
|---|---|---|
## **Welton Village Hall Trust**
## **- Registered Charity Number 522006/1 As at 28th February 2023**
## **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 14� of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 14�(�)(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� �AE
## **Welton Village Hall Trust - Registered Charity Number 522006/1**
## **For the year ending 28th February 2023**
## **Notes to the financial accounts for the year ending 28th February 2023**
## **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 � 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**
During the year there were fixed asset additions of £2,�0�.20 relating to chairs and tables for Welton Room.
## **Note 5**
Bar operation was passed over to Welton Sports and Social Club from 1st May 2023. The closing stock value is still to be paid for by Welton Sports and Social Club, this has been written down to £��0 and included as an other debtor in the accounts.
## **Note 6**
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 -----**