Charlty number. $22507 CRIFTINS PARISH HALL AND PLAYING FIELD UNAUDrrED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 ¥YWR Partners Protecting your future.
CRIFTINS PARISH HALL AND PLAYING FIELD CONTENTS Page Reference and administrative dotails of the Charfty, Its Trustees and advi$•rs Trustees, report Independent examiner's report Statement of financlal actlvlties Balance sheet 10 Notes to the flnanclal ststsments
CRIFTINS PARISH HALL AND PLAYING FIELD REFERENCE AND ADMINISTRA TIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2024 Trustees J. A. Chapman. Chair l Treasurer A. Unsworth, Vice Chair {resigned 6 December 2023) S. Davenport R. Jones S. Lloyd (appointed 7 August 2024) S Fugatt (resigned 7 August 2024) T. R. Davies (appointed 7 August 2024) P. Taylor (resigned 7 August 2024) Charity reglstered number 522507 Prlncipal office Criftins Parish H811 Dudleston Heath Ellesmere Shropshire SY12 9LE Accountsnts WR Partners Chartered Accountants Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG Page 1
CRIFTINS PARISH HALL AND PLAYING FIELD TRUSTEES. REPORT FOR THE YEAR ENDED 31 AUGUST2024 The Trustees present their annual report together with the financial statements of the Charity for the 1 September 2023 to 31 August 2024. Objectives and actfvltles a. PolicSes and objectives The objectives of Criftins Parish Hall are to provide a village hall for the use of the inhabiLarrts of th8 Ecclesiastical Parish of Criftins and neighbourhood without distinction of sex or of polical, religious or other opinions. The Hall will be for particular use for meetings, lectures and classes, and for other forms of recreation and leisure time occupation with the object of improving the conditions of life of the said inhabitants. The hall is regularly used by a number of clubs- senior citizens, whbst, bingo. zumba and Wl, and is 8vai18ble for private functions, such as birthday parties and wakes. All pay 8 modest fee for the use of the hall. The allotrnents are in use throughout the year. whilst bowL8 and tennis are played in spring and summer. The playing field must be retained by the Committee for use as a recreational ground or playing field for the use of the inhabttants. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit. including the guidance 'Public benefit= running a charity (PB2)'. Page 2
CRIFTINS PARISH HALL AND PLAYING FIELD TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Achlevements and performance a. Maln achlevements of the Charity Throughout the year the Trustees have maintained their ftKus on improving the facilities at the Parish Hall. with the dual aims of increasing fooffall, and broadening its appeal to the local communty. Overall, it ha5 proved to be a year of signifi'cant, and sometimes painful. challenges. Events have highlighted the challenge of YrkIng with a very small pool of volunteers. Three trustees stepped during the year, Anna Unsworth. Patricia Taylor and Sharon Fugatt. We also lost the seplices of a volunteer. Louise Robinson. It is aKvays a matter of regret to lose committed trustees and helpers. I would like to place on record our thanks to all four for their vital contribution to the work of CPH. and our best wishes for their future. Fortunately, we also gained two new trUstS. Stephen Lloyd and Tom Davies, who will be seeking r&election at the AGM. It is evident, even in the short time they have been with us, that they hav8 a lot to offer. Nevertheless, operating with only the minimum number of 5 trustees does place a disproportionate burden on each indNidual. Wrth further changes envisaged, if we are to operate wrth our optimum nurnber of 9 trustees. it is likely that we will be looking for an additional 6 trustees during the next 12 months. In last yeaf s port we referred to plans for a community hub and a play area. Sadly all but one of our grant applic8tions were Unsu¢ssfUI. We did obtain the promise of £5,000 from The Bemard Sunley Foundation, but this vras contingent on our receiving additional funding from other sources. which did not materialise. On the positNe front, our new website is now in operation and offers potential hirers easy access to our online booking candar. Our Facebook following continues to increase, and to date we boast in excess of 1100 followers. This. combined with our presence on 'Ellesmere Pulse,, a digital hub focussed on the SY12 postcode district. means that our events reach an ever-larger number of local people and visitors. Our programme of Film Nights between September and April saw Incrèased audiences, and resulted in a srnall profit. In addition to our regular users, we are startirYJ to see new faces at events. and hiring enquiries from a ryder range of local groups. The upgrading of the premises continues to be a priority. In the last few months a new suspended ceiling and lighting has been fitted in the Bowls Lounge. and, thanks to the efforts of )rne of our local frierKls, the lounge has been redecorated, and with the help of a donation the curtains have been replaced by blinds. An application to The Foyle Foundation for help with upgrading our disabled toilet facilities resulted in a grant of £3,500. We hope the work will be fi'nished by the end of 2024. The most significant change this year has been our new partnership with Matthew Rose Catering. In the first phase, a lakeaway service was inlroduced, bringing our commercial grade kitchen into regular use. and bringing lots of new people into the premises. When we lost our bar staff in July, Ben Healey, the owner of MR Catering. took over the running of the bar, which will so)n be opening 5 nights a week. We are now in a positicffi to offer catering with all our events, and a full programme of bar-based event5 has been organi5ed between the summer and New Year. If successfvl. the arrangement will signfficantly increase our rental income and provide a vastly improved offer to potential hirers and the local community. This partnership has injected a nwl enthusiasm and professionalism. arKJ it has been a real delight to worf( alongsKle Ben and his team. It is the conviction of the Trustees that this partnership is vital for the ongoing viability and growth of CPH, and Ben and his team enjoy th8 full support of the Trustees going forwards. Page 3
CRIFTINS PARISH HALL AND PLAYING FIELD TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Achievements and perforniance (continued) b. Review of activities It has tEen a year of ups and downs. There is the ongoing concem about levels of local apathy demonstrated by the patchy attendance at social events, and the pressing need for more volunteers from the community. Yet the building is in better shape than ever, usage of the Hall has increased slightly in recent months - thanks in part to our new catering team - and overall there is the hope that we may have 'tumed a comer., On a personal note, this will be my last Chairnan's report, as my wife and l are shortly moving out of the area. The last four years or so have been a privilege and an amazing experience. I'd like to thank my fellow trustees and all our volunteers past and present for their support and friendship. Your contribution to the community deserves our recognition. John Chapman Sept 2024 Financial review a. Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adwuate resources to continue in operational existence for the foreseeable future. For this reason. they continue to adopt the going concem basis in preparing the financial statements. Further details regarding the adoption of the going conrn basis can be found in the accounting policies. b. Ros•rves policy It is the aim of the Charity to build up and maintain free reserves of £16,000 to cover the expected expenditure of the charity. At the year end the charity held free reserves of £ 21.443 (2023: £31,387) Page 4
CRIFTINS PARISH HALL AND PLAYING FIELD TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST2024 Structure. governance and management a. Constltutlon Criftins Parish Hall and Playing Field is a registered charty. number 522507, and is constituted under a Charity Commission Scheme dated 29 August 2006, which came into effect when Criftins Village Hall (charity rK) 522507) amalgamated with Criftins Playing Field (charity no 522506). Prior to this amalgamation, the charity W85 governed by a trust deed dated 31 December 1959, established when Captain Owen transferred tand to the village for the objects set out on page 2 b. Mèthods of appointment or election of Trustees The management of the Charity is responslbilty of the Trustees are elected and Copted under the terms of the Trust deed. c. Financial risk management The Trustees have assess&1 the major risks to which the Charity is exposed, in particular those lated to the operations and finances of the Charity. and are satisfied that systems and prOdureS are in place to mitigate exposure to the major risks. Page 5
CRIFfiNS PARISH HALL AND PLAYING FIELD TRUSTEES. REPORT (CONTINUED FOR THE YEAR ENDED 31 AUGUST 2024 ststement of Trustees. responsibillties The Trustees are responsible for preparing the Trustees. report and the financial statement5 in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affair5 of the Charity and of its incoming resourcos and application of resources, including its income and expenditure, for that period. In preparing these financial statements. the Truste88 are required to: select suitable accounting policies and then apply them consistently; obseNe the methods and principles of the Charities SORP (FRS 102)" make judgments and accounting estimates that are reasonable and prudent; state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements., prepare the financial statements on the going concern basis unless it is inapproprlate to presume that the Chanty will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and exptain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements cornply with the Charities Act 2011, the Charity (Accounts and ReEy)rts) Regulati¢)ns 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hen for takin9 reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: •pm .I,'(Lt Page 6
CRIFfiNS PARISH HALL AND PLAYING FIELD INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2024 Independent Examlner's Roport to the Trustses of Crlftln8 Par18h Hall and Playing Field Ilhe Charlty.) I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2024. Responsibilities and Basls of Report As the Trustees of the Charity you are responsible for the preparntion of the accounts in accordance with the requirement5 of the Charities Act 2011 <'the 2011 Act.). I report in respect of my examination of the Charity's accounts carried OLrt under section 145 of the 2011 Act and in carying out my examination I have followed the applicable Directions given by the Charity Commission under section 145{5)<b) of the 2011 Act. Page 7
CRIFTINS PARISH HALL AND PLAYING FIELD INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 AUGUST 2024 Independ•nt Examlnerfs Ststement Your attention is drawn to the fact that the Charity has prepared the accounts in accordan with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in prefence to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been wthdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generslly Accepted Accourrting Practice effective ft)r reporting periods beginning on or after 1 January 2015. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to beli8ve that in any material respect: accounting records were rK)t kept in respect of the Charity as required by section 130 of the 2011 Act; or the accounts do not accord with those records; or the accounts do not comply with the applicable requirements contsrning the fonn and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in cOnntIon with the examination to which attention should be drawn in this report in order to enable a prcper understanding of the accounts to be reach&J. This report is made solely to the Charity's TNstees, as a body. in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters l am required to state to them in an Independent examinerfs r8POrt and for no other purpose. To the fullest extent pemiitted by law, I do not acc8Pt or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or fLY this report. Signed: S J Tweedle Dated.. Bsc FCA DChA WR Partners Chartered Accountants Belmont House Shrewsbury Business Park Shrewsbury Shropshire SY2 6LG Page 8
CRIFTINS PARISH HALL AND PLAYING FIELD STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024 Endowment Unrestrictsd funds funds 2024 2024 Total funds 2024 Total fvnds 2023 Note Incoma and ondowments from: Donations and legacies Other trading activities Investments 4.951 47,121 233 4.951 47.121 233 93.613 60,083 236 Total income and endowments 52,305 52,305 153,932 Expenditur8 on: Raising funds Charitable activities 24,205 40.788 24,205 43,563 28,895 139, 725 2,775 Total oxpendlture 2,775 64,993 67,768 168,620 N•t movement In funds (2,775> (12.688) 115,463) (14, 688) Reconclllation of funds.. Total funds brought forward Net movement in funds 86,757 (2.775) 49.056 (12,688) 135.813 115,463) 150,501 (14. 688) Total funds carrled foMard 83.982 36,368 120.350 135,813 The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 11 to 21 fo part of these financial statements. Page 9
CRIFTINS PARISH HALL AND PLAYING FIELD BALANCE SHEET AS AT 31 AUGUST 2024 2023 Nots Flxed assets Tangible assets 11 98,907 104,426 98,907 104.426 Current assets Stocks Debtors Cash at bank and in hand 12 13 2,417 6.050 15,619 5,548 q5, 759 14,133 24,086 35,440 Creditors". amounts falling due within one year 14 (2.643) (4,053) Net curnt assets 21,443 31,387 Total assets less current liabilitles 120,350 135,813 Total net assets 120,350 135,813 Charity funds Endowment funds Restricted funds Unrestricted funds 15 15 15 83,982 86, 757 36.368 49, 056 Totsl funds 120,350 135,813 The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by.. YJ.A •Prn4n |,'(Lt The notes on pages 11 to 21 form part ofthese financial statements. Page 10
CRIFTINS PARISH HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 General Infomiatlon Th8 objectives of Crrftins Parish Hall are to provide a village hall for the use of the inhabitants of the Ecclesiastical Parish of Criftins and nehbourhood viithout distinction of sex or of polical, religious or other opinions. Crrftins Parish Hall and Playing Field is a registered charity, number 522507, and is constituted under a Charity Commission Schem8 dat8d 29 August 2006, which came Into effect when Criftins Village Hall (charity no 522507) amalgamated with Crfftins Playing Field (charity no 522506). Accounting policies 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance wtth the Charities SORP {FRS 102) - 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 {FRS 102) {effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Iland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair, view. This departure has involved following the Charities SORP (FRS 102) publish& in October 2019 rath8r than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. Criftins Parish Hall and Playing Field meets the definition of a publlc benefrt entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless OthernlSe stated in the relevant accounting policy. 2.2 Golng concern After making enquiries the Twstees have a reasonable expectation that the Charity ha8 adequate resources to continue in operational existence for the forseeable future. The Charity therefore continues to adopt the going concern basis in preparing its financial statements. 2.3 Income All income is recognised On the Charity has entitlement to the income, it is probabl8 that the income will be received and the amount of income receivable can be measured reliably. Grants are included in Statement of financlal activities on a receivable basi8. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheel. Where income is recelved in advance of entitlement of receipt, its recognition is deferred and included in creditors 8s deferred income. Where entitlement occurs before income is received. th8 inconp is accrued. Income tax recoverable in relation to investment income is recognised at th8 time the investment income is receivable. Page11
CRIFTINS PARISH HALL AND PLAYING FIELD NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accountlng policies (¢ontinued) 2.4 Expendlture Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefrt to a third paty, it is probable that a transfer of economic benefrts will be required in settlement and the amount of th8 obligation can be measured relrably. Expenditure is c18ssified by activity. The costs of each activity are made up of the total of dI¢t costs and shared costs, including support $ts involved in undertaking each activity. Direct costs attributabEe to a single actwity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on 8 basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on raising funds includes all 8xpenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundrdising activities events and non<haritable trading. Expenditure on charitable activities is incurred on directly undertakirKJ the activities which further the Charity's objectives. as well as any asscclated support costs. All expenditure is inclusive of irrecoverdble VAT. 2.5 Government grants Government grants relating to tangible fixed assets are tated as deferred income and released to the Statement of financial activities over the expected useful lives of the assets Gonmed. Other grants are credited to the Statement of financial activities as the related expenditure is incurred. 2.6 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by th8 Chanty; this is nomially upon notffication of the interest paid or payable by the institution with whom the funds are deposited. 2.7 Tangible fix8d assets and depreclatlon Tangible fixed assets are initially recogni88d at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring 8 tangible fixed ass8t into its intended working condition should be included in th8 measurement of cost. Depreciation is charged so as to allocate the cost of tsngible fixed assets less their residual value over their estimated useful lives. Depreciation is provided on the following basis: Freehold property Plant and machinery Other fixed assets 20h straight line 250/0 reducing balance 250A reducing balance Page 12
CRIFfiNS PARISH HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policios (continued) 2.8 Stocks Stocks are valued at the lower of cost and net realisable valu8 after maklng due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. 2.9 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. 2.10 Cash at bank and in hand Cash at bank and in hand includes cash and short-tenn highly liquid investments with a Short maturity of three months or less from the date of acquisits'on or opening of the deposit or similar account. 2.11 Llabllitios and provision8 Liabilities are recognised when there is an obligation at the Balance sheet date as a resuh of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or ServIS it must provide. Provisions a measured at the best estimate of the amounts reqUId to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liabilty. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost. 2.12 Financial instruments The Charity only has financial assets and financial liabllities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value 8nd subsequently measured at their settlement value with the exception of bank loans which are Subsequent measured at amortised cost using the effective interest method. Page 13
CRIFTINS PARISH HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Accounting policies {continued) 2.13 Fund accounting General fund5 are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Chanty and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrtionS imposed by dcOrS or which have been raised by the Charty for particular purposes. The costs of rdising and administering suth funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Endowed funds are assets that are set astde by the restrictions imposed by the donor. Whilst these are unable to be sold or spent, any benefrts from the investment or aset can be used by the charity. Investment income, gains and losses are allocated to the appropriate fund. Income from donations and legacies Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total fvnds 2023 Donations Grants Government grants 1,451 3,500 1A51 3,500 1,894 80,448 11,271 4,951 4,961 93,613 Total 2023 91,219 2,394 93,613 Page 14
CRIFTINS PARISH HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Income from other trading actlvltles Income from fundraising events Unrestricted funds 2024 Total funds 2024 Tot81 funds 2023 Fundraising events Hall & Kitchen hire Post office and Allotment rentals Other incoming resources 7,534 8,593 2,800 2,551 7,534 8.593 2,800 2.551 10, 103 7,835 2,690 2,255 21,478 21,478 22.883 Total 2023 22,883 22, 883 Income from non charitable trading activities Unrestricted funds 2024 Total funds 2024 To181 fvnds 2023 Bar income 25,643 25.643 37,200 Total 2023 37,2C 37,200 Investment income Unrestrlcted funds 2024 Total funds 2024 Total fvnds 2023 Bank interest 233 233 236 Total 2023 236 236 Page 15
CRIFfiNS PARISH HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Expendlture on ralslng funds Fundraising trading expenses Unrestrlcted funds 2024 Totsl funds 2024 Total fvnds 2023 Bar expenses 24,205 24,205 28,895 Total 2023 28,895 28,895 Analysls of expendlture on charitable actlvltles Summary by fund typg Endowment Restricted Unrtstricted funds funds funds 2024 2024 2024 Total 2024 Total 2023 Direct costs 2.775 40,788 43.563 139, 725 Total 2023 2, 775 86,850 50, 100 139, 725 Analysis of expenditure by activities Actlvitles undertaken directly 2024 Total funds 2024 Total funds 2023 Direct costs 43,563 43,563 139, 725 Total 2023 139, 725 139, 725 Page 16
CRIFTINS PARISH HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 Analysis of expenditure by activities {continued) Analysis of direct Costs Charitabla Activities 2024 Total funds 2024 Total funds 2023 Depreciation Cleaning Lighting, heating and water General and property insurance General repairs and maintenence Bowling club - Greens maintenen 200 Club Event expenditure Music Lrcences Waste Postsge. stationery and sundries Grant expenditure Accountancy 7,749 4,221 8.337 1,761 5,946 785 2,400 2,921 805 739 2,482 3.350 2,067 7,749 4,221 8,337 1,761 5,946 785 2,400 2,921 805 739 2.482 3.350 2,067 8, 664 3,885 6.815 1.631 14.431 2.4L 5.684 512 698 4, 785 86.850 2.710 43,563 43,563 139, 725 Total 2023 139, 725 139, 725 Independent examlnerfs remuneration The independent examinerfs remuneration amounts to an independent examiner fee of £950 (2023 - £725), and accounts preparation of £950 (2023- £725). 10. Trustees. remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2023- £NIU. During the year ended 31 August 2024, expenses totalling £NIL were reimburs or paid directly to Trustee (2023 - £793 to 3 Tnistees). For reimbursement of expenditure for the hall £698 and mileage for hall travel £95. Page 17
CRIFTINS PARISH HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 11. Tangible fixed assets Freèhold property Plant and Othèr fixed machinery assets Total Cost or valuation At 1 September 2023 Additions 138,725 75,147 2.230 10,952 224.824 2.230 At 31 August 2024 138,725 77,377 10,952 227,054 Depreclatlon At 1 September 2023 Charge for the year 51.968 2,775 58,575 4,700 9,855 274 120.398 7,749 At 31 August 2024 54,743 63,275 10,129 128,147 Net book value At 31 August 2024 83,982 14.102 823 98,907 At 31 August 2023 86. 757 16.572 1,097 104,426 The original land was purcha8ed for £150 in 1959. Costs for the Village Hall and adjoining buildings have been written off subsequently. In the opinion of the Trustees the CUent market value of the Village Hall, land and other buildings 18 £400.000. The accounts reflect the major renovation work. The playing field was originally bequeathed to the charty kno as Criftins Playing Field in 1961. This vrds transferred to Criftins Village Hall and Playing Field on 29 August 2006. In the opinion of the Trustees the current market value of the playing field is £5.000. 12. Stocks 2024 2023 Bar stock and consumables 2,417 5.548 Page 18
CRIFTINS PARISH HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 13. Debtors 2024 2023 Due wlthln one year Other debtors 6,050 15,759 6,050 15,759 14. Creditors: Amounts falling du• within one y•ar 2024 2023 Trade creditors Accruals and deferred income 743 1,900 2, T25 1.328 4,053 Page 19
CRIFTINS PARISH HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 15. Statsment of funds Statement of funds - current year Balance at I Sgptémber 2023 Balance at 31 August 2024 Income Expenditure Unrestrfcted funds General Funds- all funds 49.056 52,305 164,993) 36,368 Endowment funds Endowment Funds- all funds 86,757 (2,775 83.982 The endowment fund relates to the land and buildling gifted in the original trust deed. The freehold propety is depreciated at 2¥0 and the land must be retained by committee for the purposes of a village hall and playing field for use by the inhabitants. DurirvJ the year the charity received grants from Ellesmere Rural Parish Council and the National Lottery to carry out disab18d access improvement work and repair work to the Parish Hall's roof. At the end of the project there had been an underspend on the roof repairs. Perniission was sought and granted from the National Lottery lo transfer the surplus to unrestrict8d funds. Totsl of funds 135,813 52,305 (67,768) 120,350 Statement of funds - prlor year Balance at 1 S8ptgmber 2022 8a18nce al 31 August 2023 Transf8 in/oul Income Experlture Unrestricted funds General Funds 60,969 62.713 (78,995) 4, 369 49, 056 Endowment funds Endowment Fund 89,532 (2, 775) 86,757 Restrlcted funds Restricted Fund 91,219 (86, 850) (4,369) Total of funds 150,501 153, 932 (168.620) 135.813 Page 20
CRIFllNS PARISH HALL AND PLAYING FIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024 16. Analysis of net assets b8tWoen funds Analysis of net assets between funds - current perlod Endowment Unrestricted funds funds 2024 2024 Total funds 2024 Tangible fixed assets Current assets Creditors due within one year 83,982 14,925 24,086 (2.643) 98.907 24,086 {2.643) Total 83.982 36,368 120,350 Anatysis of not aSts tween funds - prior period Endomnent Unrestricted funds fvnds 2023 2023 Tot81 funds 2023 Tangible fixed assets Current assets Creditors due within one year 86,757 17,669 35,440 (4,053) 104,426 35,440 (4.053) Total 86, 757 49,056 135.813 17. Related party transactlons The Chaiity has not entered into any related party tran8action during the year, nor a the any outstanding balances owing between related parties and the Charlty at 31 August 2024. Page 21