Charity registration number.. 522473 Adderley Village Hall Annual Rew)rt and Financial Statement5 for th¢ Year Ended 31 December 2024 Alextra Group Limited Chartered Certified AccourAtanls 7-9 .Macon Court Crewe Cheshire CWI 6EA
Adderley Vlllage Hall Contents {contlnued) Relence and Administrative Details Trnslees, Reporl 2to3 Statement ofTrustees' Re8ponsibilitie$ Independent Examiii¢es Report Stsiement of Financial Activities 6t07 Balance Sheet Not¢s to the Financial StateD)ents 9t012
Adderley Vlllage HAII Reference and Admlnlstr&tlve Detalls TruJlee5 Mr tN Wilson Mr R Clare Mr PJ Gadd Mrs C Weaver Mr B Wrllthall Mr K Greetham Miss K Ar¢her irs W Icke Mr A Swindale Charlty Reglstratlon Number 522473 Prln¢lpal Offi¢e A529 Mafftn Road Adderley Market D[oll Shropshire TF9 3TF TDdependent ExamlDer Alextra Group Limited Chartered Certified Accountants 7-9 Ma¢on Court Crewe Cheshire CWI 6EA Page I
Adderley Vlllage Hall Trustees, Report The trustee5 prescnt the annual report together with the financial stracements ot"th¢ chariry for ihe year endcd 31 December 2024. Objective5 aetlvltles Public benefli Adderley Village HaLI provides a commuiiily facility for Adderley Village and Surrounding Areas. A nllber of ¥r17UPs meet re¥ulttrly, usually weekl),. with Ihe ball 8150 bein¥ available for liire on a oiie off basis. A licensed bar is open 3-5 evenings a w¢ek (w'her¢ these profils are then donated to the cbarily at the year end). A numbcr of events Bre og¥nised by the trusl¢¢s to raise fimds for the hall. The trustee8 confimi that they hove complied with ihe requirements of seetion 17 of the Charitte5 Act 2011 to have due regard 10 the public benefit guidance publislied by the Charity Commission for England and Wales, Stru¢ture1 governance 4nd m#nagewent Flnanel*l Instruments ObJeedve.% Qndpolleles The charity's activitics expose it to a number of fill8ncial risks includin8 credit risL cash flow risk and liquidity risk. The use of financial derii'atives is goi'erned by the chvérity's poli¢i¢s approved by the board of trustees: H'hich provide written principles on the use of finan¢ial derivatiN'es to manage these risks. The charity does not use derivatii'e financial instruinenis for speculative purposes. Credlt The chai'ity's principal financial assets are bank balances and cash, trade and Oth receivables. and investsnents. The charity's ¢r¢dit risk is primarily attribulable to its trdde receivables. The anunt5 presented in th¢ balance sheet are nel of allowances for doubtful receivables. An allowance for impairment is made where there is an identified 105S ¢1.-¢TIt which, based on Previous experience, is ¢idence of a reduction in the rccov¢rability vf the cAsh flows. The ¢dit risk on liquid and derivativ¢ financial instruments 15 limited because the counterparties are banks with high credit-rntings assigned by inÉern%tional crcdit-rating agcncic¥. Thc cliariiy has no significant ¢oncenttation of crcdil risk, with exposure spread over a large number of counterparties and customers. Page 2
Adderley Village Hall Trustees, Report (contlnued) Liquidity rlsk In urder lo muintain liquidity to ¢Ure thal s1Clent fundb are available for ongoin&F operation5 aDd ft]tur¢ devcloprnenls, Ihc charity uses a iniKture of long-tern] und short-ienn debi linance. Further detailb reB8rdin¥ liquidity risk ¢aD b¢ found in the St3temcnl of a¢countin¥ poliLiLs in th¢ finanLiJl 5tatemenls. The annual re rt iva5 approved by the trustees of the charily on .. .. . and signed on its behalf by.. Mr IN Wilson TThtee Mr K G¢thaM Trustee Page 3
Adderley Vlllage Hall Statement of Trustees, Responslbllltles The trustces are responsibl¢ for preparing the tru8teey' rttport and thc financi&l statements in accordance with th United Kingdom Accounting Srandards (Uniled Kingdom Generally Accepted Accounting Pracli¢e) and applicablc law and rcgulations. The law applicable io charities requires th¢ trustees to prepare financial staiements for each financial year w,hich give a t and fair view of the state of affairs of the charisy and of the incoming rcsowces and application of re50urce5 of the charity for that period. In preparing these flnancial siateLnenis, the trustees are required to: selcct suitsbl¢ accounting policie5 and then apply them ¢onsistently; obsen-.e the methods and principlcs th¢ Charities SORP. make judgements and estimates that are reasonable and prudent. state Mthether applicable accounting standards have been followe subject to any material dep4rture5 disclosed and e.xplained in the financial statements. and pr¢pare the financial stalcments on the going ¢oncem basis uiiless it is inappropriate to presume that the ¢harity will continue in business. The Irustees are responsible for keeping proper accounting records that disclose with re&sonable accuracy at any time the financial position of the charity and enable them to ensure that the fmancÉal slalements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the proN'isions of the ¢oiistitution. The INstees are also responsibl¢ for safeguarding the assets of the charity and hence for taking r¢asonable steps for the prevention and detection of fraud and other itTegularitie8. The truslees arc responsible for the mainteron¢e and integrity of the ¢orporate and financial information included on the ¥haritable companys ivebsite. Legislation gokerning the preparation and dissemination of financial sialements may differ from legi51ation in other jurisdictions. Approved by the rrusiees of the charity on .... ............... and signed on its behalf by.. IN Wilson Trustcc Mr K Gr¢¢tha Trustee Page 4
Adderley Vlllage Hall Independent Examlner's Report to the trustees of Adderley VIIIAge Hall I report to the trustees on my examination of the ac¢ounts of Adderley Villa8¢ Hall for the year ended 31 Dec¢mber 2024. Responsibilities and basis of report As thc Lharity trn&4tccs of AdJerl¢y Villa8¢ l.lall you are rcsponsibl¢ for the preparation of the accountb in accordance wilh the reouirements of the ChAritiex Act 2011 ('the Act'l. I rcporl in respect of iny cxamination of the Adderlcy Village Hall's accoun15 ¢arried out under section 145 of the 20I I ALt and in carrying out my examination I have folloM'¢d all the appliuable Directions given b} the Charity Cominission under section 145(5)(b) of the Act. Independent eiamlner'g s¢•tement I have ¢omplet¢d my examination. I confimi that no material inatters have come to my attention in connection with lh¢ examination giving me cause to believe that in any material respe¢i'. l. accounting records were not kept in respect of Adderley Village Hall as required by section 110 of the Act; or 2. th¢ accounts do not accord ivith those Tecords. or 3. the accounts do not comply with the accounting r4uirements concerning the fom] and content of Accounts set out in the Charities (A¢Lounts and Reports) Regulations 2008 other than any requirement that the accounts givc a 'true and fair vieM4 whi¢h is not a Dtter considered as part of an independent exan]ination. I have no concerns and have come 8Gross no other matlers in Connection with Ib¢ examination to wbich attention should be drawn in thi5 report in order to enable a proper understanding of the accounts lo be reached. Mr l Biddington Chartered C.erlified Accountants Alcxtru Group Limited 7-9 Macon Coun Crewe Cheshire CWI 6EA Page 5
*n e4
Adderley Vlllage Hall (Reglstratlon number: 522473) Balance Sheet as at 31 December 2024 2024 2023 Current as$¢ts Debtors Cash at bank and in hand QAIQ 147.069 125,460 156.688 141,991 Creditors: Amount$ falling due wlthln one ye#r Net assets (300) 141,691 156.688 Funds ofthe charlty: Unrestrlcted Ineome funds UJ)restricted funds 156.688 141,691 TotAI funds io 156.688 141,691 The financial stalements on page5 6 to 12 were approved by the trustees, and authorised for issue on !o.i.ts.l.IS and signed on their behalf by: Mr IN Wilson Trustee Mr K Groetham Trustee The notes on pages 9 to 12 fonn an int¢gral part of these financial statements. Page 8
Adderley Vlllage Hall Notes to the Flnaneial Statements for the Yeyér Ended 31 December 2024 Accountlng policies Statement of compliance The financial statements have been preparcd in accordance with the second edition of the Charities Statemeiit of Recommendcd Practice issucd in October 2019, tlie Financial Reporting Standard applicable in ihc United Kingdom and Republic of Irel8nd (FRS 102) and th¢ ChHrilies Act 2011. Bas1$ of preparatlon Adderley Village Hall meets the definition of a public benefit entity under FRS 102. The accounts (fin¢2ncial statements) have been prepad under the historical cost ¢onvention wilh items recognised at cost or Iransaction value unless oiberwise stated in the relevllnt note(5) lo these accounts. Income And endowments Voluntary illcome including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the tnconie, it is probable that tbe Incon will be received and the hount can be measur¢d with SLLfficiellt reliability. DoiiAilotts dnd legaeles Donations and legacie& are recognised on a re¢¢ivablc basi5 when receipt is probabl¢ and the amount can be reliably measured. Expendlthre All expcnditUTe is recognised once there 1$ a legal or construclive obltgalion to that expenditure, it is Probable seEilemenl ts required and the amount can be measured reliabl>'. All costs are allocated to the appllcable expenditure heading that aggrcgatc similar costs to that Lategory. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on ihe basis of rime spent, and depreciation ch8rg¢s allocated on the portion of the asset's use. Other 5UPPOrt cosls ar¢ allocatcd based on the spread ofstaff costs. Rui.¥ingfuMd.y These are costs incurred in attracting voluntary income, the manageinent of investments and those in¢urred in trading aLtivities that raise funds. Govern8Dce costs These include the ¢osts &tiribulable to the charity'b compliance with constitutional and statutory requirements, iDcludin8 audit. qtrategic management and trnstee5 m¢etings and refftmbursed ¢xpen5es. TaxAtion The ¢harity 15 considered to P88$ the tests set out in P8rn8raph I Schedule 6 of th¢ Finance Act 2010 and therefore it meets the defmilion of a charitable ¢ompany for UK corporation tax pwpo8¢s. A¢cordingly. tbe harity 15 Potentially exempi from taxation in reSPt of income OT capital gains received within categories covered bj Chapter 3 Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Cbargeable Gains Act 1992, to the extent that sv¢h kncome or gaiu5 are applied eXclusielY to ¢haritsble purposes. PAge 9
Adderley Vlllage Hall Notes to the Flnan¢lal Statements for the Year Ended 31 December 2024 (eontlnued) 2 Income from donallons And legaeies UAre$tri¢ted funds General Total funds Donations and legacie5- Donations from individuals Lega¢ie5 Regular giving and capit81 donation5 15.406 2,186 10.563 15,406 2,186 10.563 Tot41 lor 2024 28,155 28.155 Total for 2023 29,214 29.214 3 Investment Income Lnrestrftcted fund8 General Total funds Inieresl receivable and similar income" Interest Teceivable on bAnk deposit5 Total for 2024 2,379 2,379 2,379 Total for 2023 344 4 Other Income nrestrl¢t¢d funds General TotiI funds R¢nlal income 2.625 2,625 Tot81 for 2024 2,625 2,62.5 Tolal for 2023 2.379 5 Exp¢ndlture on eharitable activities nrestrleted runds General Total fund$ ote Governance costs 10.551 10,551 Total for 2023 9,969 9,969 Page 10
Adderley Vlllage Hall Notes to the Flnanclal Statements for the Year Ended 31 December 2024 (eontlnued) 6 ADalys1$ of governAnce and support costs Governanc¢ ¢o$ts L'nrejtrlcted funds General Total runds tndependeni eLqminer fees Examination of Ihe financial statements her governance costs 744 9.807 744 9,807 Total for 2024 10.551 10,551 Total for 2023 9.969 9,969 Pagell
Adderley Vlllage Hall Notes to the Financial Statements for the Year Ended 31 December 2024 (continued) 7 Tvdxatlon The Chorily is a r¢gislercd ch8rily and 18 therefore exempl from tsxation. 8 Debtors 21)24 2023 Other debtors 9,619 16,531 9 Crtditori: Amounts falllng du¢ Thlthln one y¢ar 2024 2023 Accruals 300 10 Funds B8dl4nce at 31 December 2024 Balance xt I Januar)- 2024 Incomlng resoyrtts Res0ree5 expended Unrestrleted General 141,691 33,159 (18,162) 156,688 Bwlanc¢ at 31 December 2023 B*lance At I JanuAr} 2023 Incomlng re50urce5 Resourc expended Unrestrlcted General 129.265 (19,5111 141691 Page 12
Adderley Vlllage Hall Detailed Statement of Flnanelal A¢tlvities for the Year Ended 31 December 2024 TotAI 2024 Tol#1 2023 Income and Endowments from: Donation3 und leg1¢5 {analy8ed below) Inv¢sThn¢nl income (analysed b¢low-) Oiher income (allalytr4Ld below) Tothl incoine 28,155 2,379 2.625 29,214 344 2.379 33.159 31,937 ExpendRture on: Rai.%ing fijnds (analysed below) Cliariiabl¢ activities (analysed below) Total expendilure Net income (7,611) 10.551) (9,542) 9,969) 18.1621 (19,5111 14.997 12,426 Net movement in fimds 14.997 12,426 Reeon¢lllatlon of funds Totsl fundy brougbt forward Total funds carried forward 141,691 129,265 156.688 141.691 This page doe5 not forni part of th¢ statutory fintffteial stat¢in¢nts. Page 13
Adderley Vlllage Hall Detslled Statement of Flnanclal Actlvitles for the Yeir Ended 31 December 2024 (¢ontinued) Tot*1 2024 Total 2023 Domqlions and legaL,les liundrBising Appcals and donaiions Regulttr giving and capitsl donations Sponsorship 2.186 15.406 10.563 3,171 13.979 12,014 50 28.155 29,214 Jrtll¢Slmeni Income Interest on cash depostls 2,379 344 2,379 344 Other Income Renial income 2.625 2,379 2,625 Roisthgf4nd Boivling ¢osis Truslee5 fees (7,611) (9,242) (3001 (9,5421 (7.611) Charilable aL'livlrfey Wat¢r rates Lighl heat and power Insurance Repairs and mainienance Gentrrnl mainl¢nancc I'elephone and fax Computer software and mainienancc costs Trad¢ subscriptions Sundry expenses Accountan ftes (557) (2.408) (1.161) (2,308) (1,379) (397) (J60) (454) (783) (744) 10,551 (424) (2,495) (1,161) (1,198) (1,654) (359) (312) (187) (1,471) (7081 (9,9691 This pag¢ docs not fonn part of the statutory fman¢ial statements. Pase 14