HOLBECK & WELBECKVILLAGE HALL YEAR ENDED 31 DECEMBER 2023 REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS CHARITY NUMBER 522226 LADY MARGARET HALL YEAR ENDED 31 DECEMBER 2023 CONTENTS PAGE Contents Page Report of the trustees 1&2 Statement of financial activities Balance sheet Notes to the financial statements LADY MARGAR ￿ HALL YEAR ENDED 31 DECEMBER 2023 REPORT OF THE TRUSTEES Reference and administrative information Charity name Holbeck and Welbeck Village Hall Other names by which the charity makes itself known Lady Margaret Hall Charity registration number 522226 Principal address of the charity Portland Estate Office Cavendish House Welbeck Worksop Nottinghamshire S80 3LL Trustees Mr William Henry Marcello Parente The Welbeck Estates Company (Title) Ltd Structurefft governance and management The charity is constituted by a conveyance dated 11 March 1959. New trustees are appointed by the current trustees of the charity. Objectives and artivities The objectives of the charity are to provide facilities for local organisations to hold meetings, events and for recreational purposes. Other clubs and individuals may hire the hall at competitive rates. The trustees, having regard to the Public Benefit guidance published by the Charity Commission in accordance with section 17 of the Charities Act 2011, consider that the purpose and activitie5 of the charity satisfy the requirements of the public benefit test set out in section 4 of the same Act. Page I LADY MARGARET HALL YEAR ENDED 31 DECEMBER 2023 REPORT OF THE TRUSTEES Achievements and performance During the year the hall and surrounding facilities continued to be used by a wide variety of local community groups for the benefit of the community and to provide a meeting place and venue for local events. Financial review Outgoing resources exceeded incoming resources in the year and increased the deficit. The charity continues to be supported by The Welbeck Estates Company Ltd. Approved and authorised on behalf of the Trustees on 22 APRIL 2aZ W H M Parente Trustee Page 2 LADY MARGAREf HALL YEAR ENDED 31 DECEMBER 2023 STATEMENT OF FINANCIAL AcfiviTIES Unrestricted fvnds 2023 (£} Unrestricted funds 2022 Notes Incomin Hire of Hall Caravan Rally Caravans & Camping Donation5 Sundry income Events resources 28,581 7,762 10,829 200 9,559 330 Total incoming resources 49,169 8,097 Out oin Bonfire Event Maintenance-Buildlngs Licences Cleaning Replacements Utilities Rates Insurance Marketing IT expenses Miscellaneous Expenses Bad Debt Write Off Depreciation resources-su ort& overnance costs 11,871 79,291 119 7,459 212 9,358 134 1,251 239 1,405 97 3,068 132 2,449 400 7,765 4,093 1,119 1,059 3,040 478 20 3,818 3,787 Total outgoing resources 115,265 27,441 Net outgoing resources 166,0961 119,344) Total fund brought forward (579,4791 {560,135) Movement in funds for the year {66,0961 119,3441 Transfers between funds Total funds c/fwd (645,5751 1579,4791 Page 3 LADY MARGARET HALL YEAR ENDED 31 DECEMBER 2023 BALANCE SHEET ASAT ASAT 31 DECEMBER 2022 31 DECEMBER 2023 {£ Fixed assets Furniture & Equipment 11,459 14,537 11,459 14,537 Current assets Trade debtors Other debtors Cash at bankand in hand 4,018 loo 9,910 6,067 11,468 14,028 17,535 Current liabilities Trade creditors Accruals Other creditors (9,2661 (17,4961 1584,7891 110,5531 {660,5081 (671,062} 1611,551) (645,5751 (579,4791 Accumulated funds General funds (645,575) {579,4791 {645,575) 1579,4791 Approved and authorised on behalf of the Trustees on az PA21L 2azL¥ W H M Parente Trustee Page 4 LADY MARGAREf HALL YEAR ENDED 31 DECEMBER 2023 NOTESTO THE FINANCIAL STATEMENTS l Basis of preparation The financial statements have been prepared In accordance with applicable accounting standards and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financia l Reporting Standard applicable in the UK and Republic of Ireland {Charities SORP IFRS 10211 {effective l January 2019). Assets and liabilities are initially recognised at historical cost or transaction value unles5 Otherwise stated in the relevant accounting policy notes. The charity constitutes a public benefit entity as defined by FRS 102. 2 Accounting policles Reco nition of incom in resources These are included in the Statement of Financial Activities when: the charity becomes entitled to the resource5; the trustees are virtually certain they will receive the resources. and Grants and do the monetary value can be measured with sufficient reliability. Grants and donations are only included in the Statement of Financial Activitie5 when the charity has unconditional entitlement to the resources. Tan ible fixed assets for use b the charit These are capitalised if they can be used for more than one year and cost at least £250. They are valued at cost or a reasonable value on receipt. Provision for depreciation is made so as to write off the cost of tangible fixed assets on a straight line basis over the expected useful economic life of the asset concerned. The principal annual rates used for this purpose are: Furniture & Equipment over 5 years Page 5 LADY MARGAREf HALL YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS 3 Golng concern TheTrustees have assessed the charity's abilityto continue as a going concern for at least 12 months from the date these accounts were approved. They have concluded that the charity has the abilityto continue and as such the accounts are prepared on a going concern basis. This conclusion is based on available resources and committed support from Thewelbeck Estates Company Limited. 4 Paid employees 2023 2022 Gross wages & employers national insurance Average number of employees 5 Tangible Fixed Assets 2023 (£} Cost Balance b/fwd 23,708 Additions 709 Balance c/fwd 24,417 reciation Balance b/fwd 9,171 Charge for the year 3,787 Balance c/fwd 12,958 Net book value Balance clfwd 11,459 Balance b/fwd 14,537 Page 6 LADY MARGARET HALL YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS 6 Funds Movement of ma Fund name or funds Balance Incoming Outgoing Transfer Balance General fund (579,4791 49,169 (115,265) {645,5751 1579,4791 49,169 (115,265) 1645,5751 7 Related Partles Trustee William Henry Marcello Parente is also a directorofThe Welbeck Estates Company Limited. Duringthe yearThe Welbeck Estates Company Limited made donations to the charity totalling £10,32912022: £nill. The charity also made salestotalling£34312022: £1,074) to The Welbeck Estates Company Limited, and incurred costs totalling £9,106 {2022: £1,481) relating to the recharge of operational expenditure. At the balance sheet date, the total amount due to The Welbeck Estates Company Limited was £658,258 {2022: £582,139). Page 7 HOLBECK & WELBECKVILLAGE HALL YEAR ENDED 31 DECEMBER 2023 REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS CHARITY NUMBER 522226 LADY MARGARET HALL YEAR ENDED 31 DECEMBER 2023 CONTENTS PAGE Contents Page Report of the trustees 1&2 Statement of financial activities Balance sheet Notes to the financial statements LADY MARGAR ￿ HALL YEAR ENDED 31 DECEMBER 2023 REPORT OF THE TRUSTEES Reference and administrative information Charity name Holbeck and Welbeck Village Hall Other names by which the charity makes itself known Lady Margaret Hall Charity registration number 522226 Principal address of the charity Portland Estate Office Cavendish House Welbeck Worksop Nottinghamshire S80 3LL Trustees Mr William Henry Marcello Parente The Welbeck Estates Company (Title) Ltd Structurefft governance and management The charity is constituted by a conveyance dated 11 March 1959. New trustees are appointed by the current trustees of the charity. Objectives and artivities The objectives of the charity are to provide facilities for local organisations to hold meetings, events and for recreational purposes. Other clubs and individuals may hire the hall at competitive rates. The trustees, having regard to the Public Benefit guidance published by the Charity Commission in accordance with section 17 of the Charities Act 2011, consider that the purpose and activitie5 of the charity satisfy the requirements of the public benefit test set out in section 4 of the same Act. Page I LADY MARGARET HALL YEAR ENDED 31 DECEMBER 2023 REPORT OF THE TRUSTEES Achievements and performance During the year the hall and surrounding facilities continued to be used by a wide variety of local community groups for the benefit of the community and to provide a meeting place and venue for local events. Financial review Outgoing resources exceeded incoming resources in the year and increased the deficit. The charity continues to be supported by The Welbeck Estates Company Ltd. Approved and authorised on behalf of the Trustees on 22 APRIL 2aZ W H M Parente Trustee Page 2 LADY MARGAREf HALL YEAR ENDED 31 DECEMBER 2023 STATEMENT OF FINANCIAL AcfiviTIES Unrestricted fvnds 2023 (£} Unrestricted funds 2022 Notes Incomin Hire of Hall Caravan Rally Caravans & Camping Donation5 Sundry income Events resources 28,581 7,762 10,829 200 9,559 330 Total incoming resources 49,169 8,097 Out oin Bonfire Event Maintenance-Buildlngs Licences Cleaning Replacements Utilities Rates Insurance Marketing IT expenses Miscellaneous Expenses Bad Debt Write Off Depreciation resources-su ort& overnance costs 11,871 79,291 119 7,459 212 9,358 134 1,251 239 1,405 97 3,068 132 2,449 400 7,765 4,093 1,119 1,059 3,040 478 20 3,818 3,787 Total outgoing resources 115,265 27,441 Net outgoing resources 166,0961 119,344) Total fund brought forward (579,4791 {560,135) Movement in funds for the year {66,0961 119,3441 Transfers between funds Total funds c/fwd (645,5751 1579,4791 Page 3 LADY MARGARET HALL YEAR ENDED 31 DECEMBER 2023 BALANCE SHEET ASAT ASAT 31 DECEMBER 2022 31 DECEMBER 2023 {£ Fixed assets Furniture & Equipment 11,459 14,537 11,459 14,537 Current assets Trade debtors Other debtors Cash at bankand in hand 4,018 loo 9,910 6,067 11,468 14,028 17,535 Current liabilities Trade creditors Accruals Other creditors (9,2661 (17,4961 1584,7891 110,5531 {660,5081 (671,062} 1611,551) (645,5751 (579,4791 Accumulated funds General funds (645,575) {579,4791 {645,575) 1579,4791 Approved and authorised on behalf of the Trustees on az PA21L 2azL¥ W H M Parente Trustee Page 4 LADY MARGAREf HALL YEAR ENDED 31 DECEMBER 2023 NOTESTO THE FINANCIAL STATEMENTS l Basis of preparation The financial statements have been prepared In accordance with applicable accounting standards and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financia l Reporting Standard applicable in the UK and Republic of Ireland {Charities SORP IFRS 10211 {effective l January 2019). Assets and liabilities are initially recognised at historical cost or transaction value unles5 Otherwise stated in the relevant accounting policy notes. The charity constitutes a public benefit entity as defined by FRS 102. 2 Accounting policles Reco nition of incom in resources These are included in the Statement of Financial Activities when: the charity becomes entitled to the resource5; the trustees are virtually certain they will receive the resources. and Grants and do the monetary value can be measured with sufficient reliability. Grants and donations are only included in the Statement of Financial Activitie5 when the charity has unconditional entitlement to the resources. Tan ible fixed assets for use b the charit These are capitalised if they can be used for more than one year and cost at least £250. They are valued at cost or a reasonable value on receipt. Provision for depreciation is made so as to write off the cost of tangible fixed assets on a straight line basis over the expected useful economic life of the asset concerned. The principal annual rates used for this purpose are: Furniture & Equipment over 5 years Page 5 LADY MARGAREf HALL YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS 3 Golng concern TheTrustees have assessed the charity's abilityto continue as a going concern for at least 12 months from the date these accounts were approved. They have concluded that the charity has the abilityto continue and as such the accounts are prepared on a going concern basis. This conclusion is based on available resources and committed support from Thewelbeck Estates Company Limited. 4 Paid employees 2023 2022 Gross wages & employers national insurance Average number of employees 5 Tangible Fixed Assets 2023 (£} Cost Balance b/fwd 23,708 Additions 709 Balance c/fwd 24,417 reciation Balance b/fwd 9,171 Charge for the year 3,787 Balance c/fwd 12,958 Net book value Balance clfwd 11,459 Balance b/fwd 14,537 Page 6 LADY MARGARET HALL YEAR ENDED 31 DECEMBER 2023 NOTES TO THE FINANCIAL STATEMENTS 6 Funds Movement of ma Fund name or funds Balance Incoming Outgoing Transfer Balance General fund (579,4791 49,169 (115,265) {645,5751 1579,4791 49,169 (115,265) 1645,5751 7 Related Partles Trustee William Henry Marcello Parente is also a directorofThe Welbeck Estates Company Limited. Duringthe yearThe Welbeck Estates Company Limited made donations to the charity totalling £10,32912022: £nill. The charity also made salestotalling£34312022: £1,074) to The Welbeck Estates Company Limited, and incurred costs totalling £9,106 {2022: £1,481) relating to the recharge of operational expenditure. At the balance sheet date, the total amount due to The Welbeck Estates Company Limited was £658,258 {2022: £582,139). Page 7 Independent examiner's report to the trustees of Holbeck & Welbeek Village Hall I report to the tsustees on my examination of the accounts of the Holbeck & WelbeGk Village Hall for tbe year ended 3 l December 2023. Responsibilities and basis of report As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the A¢t'). I report in respect of my examination of tbe charity's financial statements Ca￿led out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's statement I have completed my exatnination. I confm that no material matters have come to my attention in connection with the examination giving me cause to believe that in ally material respect: accounting re¢ords were not kept in respect of the Charity as required by section 130 of the Act. or 2. the accounts do not accord witb those records. I have no concerns and have ¢on]e across no other matters in connection with the examination to which attention should be drawn in this report An order to enable a proper understanding of the accounts to be reache Matthew Haw BA (Hons) ACA Independent Examiner 5 Skeldale Drive Chesterfield S40 2UW Date.. 24 October 2024