HOLBECK & WELBECK VILLAGE HALL YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES & FINANCIAL STATEMENTS CHARITY NUMBER 522226 LADY MARGAREf HALL YEAR ENDED 31 DECEMBER 2024 CONTENTS PAGE Contents Page Report of the trustees 1&2 Statement of financial activities Balance sheet Notes to the financial statements LADY MARGARET HALL YEAR ENDED 31 DECEMBER 2024 REPORT OF THE TRUSTEES Reference and admlnlstrative 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 5803LL Trustees Mr William Henry Marcello Parente The Welbeck Estates Company {Titlel Ltd Structureo governance and management The charity is constituted by a conveyance dated 11 March 1959. New trustees are appointed by the current trustees of the char5ty. Objectlves and artlvlties 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 activities of the charity satisfy the requirements of the public benefit test set out in section 4 of the same Act. Page I LADY MARGAR￿ HALL YEAR ENDED 31 DECEMBER 2024 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 event5. Financial revlew Outgoing resources exceeded incoming resource5 in the year and increased the deficit. The charity continues to be supported by The Welbeck Estates Company Ltd. 3 3L5 Approved and authorised on behalf of the Trustees on ............................. arente Trustee Page 2 LADY MARGAREf HALL YEAR ENDED 31 DECEMBER 2024 STATEMENT OF FINANCIAL AcfiviTIE5 Unrestricted funds 2024 Unrestricted fund5 2023 Notes Incomin resources Hire of Hall Donations Sundry income Events 21,276 10,229 200 9,650 28,581 10,829 200 9,559 Total incoming resources 41,355 49,169 Out oin Bonfire Event Management Wages Maintenance-Buildings Licences Cleaning Replacements Utilities Rates Insurance Marketing IT expenses Bank Interest Receivable Miscellaneous Expenses Depreciation resources - su ort& overnance costs 10,009 4,222 3,112 482 7,499 17 8,167 152 1,233 808 1,049 52 61 5,257 11,871 79,291 119 7,459 212 9,358 134 1,251 239 1,405 42 97 3,787 Total outgoin8 resources 42,120 115,265 Net outgoing resources {7651 (66,0961 Total fund brought forward (645,5751 1579,4791 Movement in funds for the year {7651 {66,0961 Transfers between funds Total funds c/fwd (646,3401 1645,5751 Page 3 LADY MARGARET HALL YEAR ENDED 31 DECEMBER 2024 BALANCE SHEET ASAT 31 DECEMBER 2024 ASAT 31 DECEMBER 2023 Flxed assets Furniture & Equipment 10,671 11,459 10,671 11,459 Current assets Trade debtors Other debtors Cash at bank and in hand 5,900 109 10,171 4,018 loo 9,910 16,180 14,028 Current Ilabilities Trade creditors Accruals Other creditors 1601 110,2191 1662,9121 110,553) 1660,509) 1673,191) 1671,0621 1646,340) (645,5751 Accumulated funds General funds {646,3401 1645,5751 {646,3401 1645,575) Approved and authorised on behalf of the Trustees on 8 102J WHM Trustee rente Page 4 LADY MARGARET HALL YEAR ENDED 31 DECEMBER 2024 NOTES TO 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP (FRS 10211 (effective l January 20191. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The charity constitutes a public benefit entity as defined by FRS 102. 2 Accounting policies Reco nition of incomin resources These are included in the Statement of Financial Activities when: the charity becomes entitled to the resources; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability. Grants and donations Grants and donations are only included in the Statement of Financial Activities when the charity has unconditional entitlement to the reSoUr￿s. Tan ible fixed assets for use b the charit These are cabitalised if tlley 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 MARGARET HALL YEAR ENDED 31 DECEMBER 2024 NOTESTO THE FINANCIAL STATEMENTS 3 Going concern The Trustees have assessed the charity's ability to continue as a going concern for at least 12 month5 from the date these accounts were approved. They have concluded that the charity has the ability to continue and as such the accounts are prepared on a going concern basis. This conclusion is based on available resources and committed support from The Welbeck Estates Company Limited. 4 Paid employees 2024 1£) 2023 Gross wages & employers national insurance Average number of employees 5 Tanglble Fixed Assets 2024 Cost Balance bl￿d 24,417 Additions 4,469 Balance c/fwd 28,886 reciation Balance bl￿d 12,958 Charge for the year 5,257 Balance c/fwd 18,215 Net bookvalue Balance c/fwd 10,671 Balance b/fwd 11,459 Page 6 LADY MARGARET HALL YEAR ENDED 31 DECEMBER 2024 NOTES TO THE FINANCIAL STATEMENTS 6 Funds Movement of ma'or funds Balance b/fwd Incoming Outgoing resources resources Balance clfwd Fund name Transfer General fund (645,5751 41,355 142,1201 1646,3401 1645,5751 41,355 {42,1201 1646,3401 7 Related Partles Trustee William Henry Marcello Parente is also a director of The Welbeck Estates Company Limited. During the year The Welbeck Estates Company Limited made donations to the charity totalling £9,72912023: £10,329). The charity also made sales totalling £18112023: £3431 to The Welbeck Estates Company Limited, and incurred costs totalling £7,229 (2023: £9,106) relating to the recharge of operational expenditure. At the balance sheet date, the total amount due to The Welbeck Estates Company Limited was £660,61212023: £658,258). Page 7 Independent examinerfs report to the trustees of Holbeck & Welbeck Willage Hall I report to the trustees on my examination of the accounts of Holbeck & Welbeck Village Hall for the year ended 31 December 2024. Responsibilities and basis of report As the charity's trustees, you are responsible forthe preparation of the accounts in accordance with the requirements of the Charities Act 20111"the ACV,). I report in respect of my examination of the charitys financial statements carried 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 145151(b} of the Act. Independent examinerfs statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did 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 this report in order to enab5e a proper understanding of the accounts to be reached. fdL T Jack Colledge ACA Bsc (Honsl Independent Examiner 221 Hady Lane Chesterfield S41 ODA Date: 03 November 2025