Charity registration number: 522610
## Bishops Wood Village Hall
Annual Report and Financial Statements for the Year Ended 31 December 2020
## **Bishops Wood Village Hall**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 18|
## **Bishops Wood Village Hall**
## **Reference and Administrative Details**
**Trustees** Mr John Groom, Treasurer Mr Colin Wolverson, Deputy Chair/House Manager Mrs Mary Wolverson, Tuesday Drop In Representative Mr Beverley Cooper, Neighbourhood Watch Representative Mr Stuart Playford, School Representative Mrs Janet McIlvenna, W.I.Representative Mrs Carolyn Fewkes Mr Tony Sloane Mr Bill Oakley Mr Ian Tipper, Minutes Secretary Ms Elizabeth Sharp Mrs Rachel Glover, Parish Council Rep **Principal Office** 9 Tong Road Bishops Wood Stafford ST19 9AB **Charity Registration Number** 522610 **Independent Examiner** Daryl Denson ACMA VAST The Dudson Centre Hope Street Stoke on Trent Staffordshire ST1 5DD
Page 1
## **Bishops Wood Village Hall**
## **Trustees' Report**
The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2020.
## **Trustees**
Mr Tim Webber, Chairman (resigned 25 October 2020) Mr John Groom, Treasurer Mr Colin Wolverson, Deputy Chair/House Manager Mrs Mary Wolverson, Tuesday Drop In Representative Mrs Karen Webber, Bookings Secretary (resigned 25 October 2020) Mr Beverley Cooper, Neighbourhood Watch Representative Mr Stuart Playford, School Representative Mrs Janet McIlvenna, W.I.Representative Mrs Carolyn Fewkes Mr Tony Sloane Mr Bill Oakley Mr Ian Tipper, Minutes Secretary Ms Elizabeth Sharp
Mrs Rachel Glover, Parish Council Rep (appointed 25 October 2020)
As ever my thanks go to all the trustees who have so willingly re committed themselves and given up their time in this difficult period.
A big thank you to our Bar Manager, Paul, his wife, Sue and his staff and to our cleaner Liz. Last but certainly not least our thanks go to the County, District and Parish Councils who support your hall with grants, donations and much appreciated advice especially during this very difficult year.
## **Objectives and activities**
## _**Objects and aims**_
The Trustees’ key objective is the provision of a safe, pleasant and well maintained venue for the benefit of the inhabitants of the village and surrounding area. It is provided without discrimination of sex, sexual orientation, age, disability, nationality, race, political or religious opinions.
## _**Public benefit**_
The hall is used by a variety of village organisations and regular hirers to provide an array of different activities. It is used by the BWVH Management Committee for fundraising events.
The hall is also available for hire for private functions including children’s parties, wedding receptions, funeral teas and family parties.
The hall has a Premises Licence and employs a Bar Manager with a Personal Licence to sell alcohol at the hall bar.
Once the Hall can be brought back into full use, the above activities will continue.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Page 2
## **Bishops Wood Village Hall**
## **Trustees' Report**
## **Achievements and performance**
## Village Hall Extension and Site Improvement
We were successful with our three funding bids securing £5,000 in May from the Garfield Weston Foundation, £10,000 in October from ACRE and £10,000 in January this year from the Lottery Commission. Our Buy a Brick Scheme was launched in September 2019 and raised around £1,500 so far and our thanks go to everyone who has donated.
We proposed to commence works in April 2020 with a targeted project completion in October 2020 also intending to carry out enhancements and improvements to the grounds and exterior during this period.As the pandemic continued this caused the time scales for contractors work to extend and will carry on into 2021.
## Entertainment and fundraising
The sub committee of volunteers continued to oversee the organisation of village hall entertainment and aimed to provide a varied calendar of events for all age groups within the village.
However due to the present situation with lockdown many of the proposed events that were organised had to be cancelled for the foreseeable future.
Thanks to Stuart Playford and his committee members for organising the Halloween and Christmas party /Lights switch on in November while observing the government guidelines at that time with social distancing and use of face coverings just prior to the second lockdown.
## Hall Bookings
These were suspended until further notice.
## Hall Maintenance
As ever we always have various ongoing maintenance requirements, external cleaning, and other general items, such as hedge and tree cutting, these are all carried out as and when required, thanks to the few hardy volunteer’s that help out.
Our main ongoing project as mentioned above is for the extension to the kitchen and storeroom area, to bring additional storage space and an up to date catering facility, this work is continuing hopefully to be completed in early 2021.
Many thanks to Mr. B Oakley and his team who continue to oversee and organise this project Many thanks also to those volunteers who continue to provide new internal services and other works following on from the appointed building and fit out contractors.
## **Financial review**
The financial results are shown on pages 6-18 of this report. Income £61,248 (2019:£44,880),Cash at Bank £35,699 (2019:£25,189)
£12,000 has been transferred to a dedicated building fund account after the year end.
We have endeavoured to reduce the amount of cash handling by encouraging hirers to pay directly into our bank through internet banking. We have also introduced a card reading service which has allowed bar customers to pay by debit or credit card. This has also proved successful.
We have been successful in securing grant funding and the monies received up to the year end date are included in the above figures.
## _**Policy on reserves**_
Some money is earmarked for specific activities and as a capital fund. general reserves are maintained at a level to enable the village hall to continue to operate through any periods of unforseen reduced income and to carry out ongoing maintenance and repair work.
Page 3
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## **Bishops Wood Village Hall**
## **Independent Examiner's Report to the trustees of Bishops Wood Village Hall**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 6 to 18.
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of Bishops Wood Village Hall 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 Bishops Wood Village Hall's accounts 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 145(5)(b) of the Act.
## **Independent examiner’s 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:
1. accounting records were not kept in respect of Bishops Wood Village Hall as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form 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 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 enable a proper understanding of the accounts to be reached.
...................................... Daryl Denson ACMA
VAST The Dudson Centre Hope Street Stoke on Trent Staffordshire ST1 5DD
11/06/2021 Date:.............................
Page 5
## **Bishops Wood Village Hall**
## **Statement of Financial Activities for the Year Ended 31 December 2020**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Other income
5
Total Income
**Expenditure on:**
Raising funds
6
Charitable activities
7
Total Expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
19
**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Other trading activities
4
Other income
5
Total Income
**Expenditure on:**
Raising funds
6
Charitable activities
7
Total Expenditure
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
19|**Unrestricted**
**funds**
**£**
14,439
3,718
5,590
131
23,878
(4,239)
(13,448)
(17,687)
6,191
168,406
174,597
**Unrestricted**
**funds**
**£**
3,031
13,421
27,286
1,142
44,880
(21,861)
(16,110)
(37,971)
6,909
161,497
168,406|**Restricted**
**funds**
**£**
37,000
-
-
-
37,000
-
-
-
37,000
1,451
38,451
**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
-
1,451
1,451|**Total**
**2020**
**£**
51,439
3,718
5,590
131|
|---|---|---|---|
||||60,878|
||||(4,239)
(13,448)|
||||(17,687)|
||||43,191
169,857|
||||213,048|
||||**Total**
**2019**
**£**
3,031
13,421
27,286
1,142|
||||44,880|
||||(21,861)
(16,110)|
||||(37,971)|
||||6,909
162,948|
||||169,857|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for both periods is shown in note 19.
The notes on pages 8 to 18 form an integral part of these financial statements. Page 6
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## **Bishops Wood Village Hall**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **1 Accounting policies**
## **Statement of compliance**
The financial statements have been prepared in accordance with 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) - (Charities SORP (FRS 102) (Second Edition)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
## **Basis of preparation**
Bishops Wood Village Hall meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Income and endowments**
Voluntary income 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 income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
## _**Grants receivable**_
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. 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 the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Raising funds**_
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Page 8
## **Bishops Wood Village Hall**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Support costs**
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
## **Governance costs**
These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.
## **Government grants**
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
**Asset class Depreciation method and rate** Land and Buildings nil Fixtures & fittings 10% on cost Funiture & equipment 25% reducing balance
## **Stock**
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell, after due regard for obsolete and slow moving stocks. Cost is determined using the first-in, first-out (FIFO).
Page 9
## **Bishops Wood Village Hall**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of is established when there is objective evidence that the will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
## **Trade creditors**
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 10
## **Bishops Wood Village Hall**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **2 Income from donations and legacies**
|**Unrestricted funds**
**Designated**
**£**
**General**
**£**
Donations and legacies;
Donations from individuals
1,470
89
Grants, including capital grants;
Government grants
-
12,880
Grants from other charities
-
-
1,470
12,969
Donations and legacies;
Donations from individuals
Grants, including capital grants;
Government grants
**3**
**Income from charitable activities**
Private functions
Private regulars
Village Hall functions
Village organisations
Private functions
Private regulars
Village Hall functions
Elections|**Restricted**
**funds**
**£**
-
-
37,000
37,000
**Unrestricted**
**funds**
**General**
**£**
151
2,880
3,031
**Unrestricted**
**funds**
**General**
**£**
934
1,402
1,382
3,718
**Unrestricted**
**funds**
**General**
**£**
360
6,297
4,300
1,464
1,000
13,421|**Total**
**2020**
**£**
1,559
12,880
37,000|
|---|---|---|
|||51,439|
|||**Total**
**2019**
**£**
151
2,880|
|||3,031|
|||**Total**
**2020**
**£**
934
1,402
1,382|
|||3,718|
|||**Total**
**2019**
**£**
360
6,297
4,300
1,464
1,000|
|||13,421|
Page 11
## **Bishops Wood Village Hall**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **4 Income from other trading activities**
|Trading income;
Sales of goods and services
Local fundraising and street collection income
Lotteries and competitions income
Trading income;
Sales of goods and services
Events income;
Other events income
**5**
**Other income**
Buy a brick scheme
Buy a brick scheme|**Unrestricted funds**
**Designated**
**£**
**General**
**£**
100
4,884
-
30
-
576
100
5,490
**Unrestricted funds**
**Designated**
**£**
**General**
**£**
1,001
21,091
-
5,194
1,001
26,285
**Unrestricted**
**funds**
**General**
**£**
131
**Unrestricted**
**funds**
**General**
**£**
1,142|**Total**
**2020**
**£**
4,984
30
576|
|---|---|---|
|||5,590|
|||**Total**
**2019**
**£**
22,092
5,194|
|||27,286|
|||**Total**
**2020**
**£**
131|
|||**Total**
**2019**
**£**
1,142|
Page 12
## **Bishops Wood Village Hall**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **6 Expenditure on raising funds**
## **a) Costs of trading activities**
|Costs of goods sold
Allocated support costs
**Note**
Costs of goods sold
Events and conferences
Allocated support costs|**Unrestricted**
**funds**
**Note**
**General**
**£**
3,151
1,088
4,239
**Unrestricted funds**
**Designated**
**£**
**General**
**£**
781
11,126
-
4,394
-
5,560
781
21,080|**Total**
**2020**
**£**
3,151
1,088|
|---|---|---|
|||4,239|
|||**Total**
**2019**
**£**
11,907
4,394
5,560|
|||21,861|
## **7 Expenditure on charitable activities**
|Staff costs
Gas & electricity
Water, sewerage & refuse
Insurance
Repairs & maintenance
Cleaning & consumables
Telephone, stationery & postage
Village Hall functions
Independent examination
Depreciation
Professional fees and licences|**Activity**
**undertaken**
**directly**
**£**
697
3,622
888
984
2,204
144
1,041
1,454
420
1,054
940
13,448|**Total**
**2020**
**£**
697
3,622
888
984
2,204
144
1,041
1,454
420
1,054
940|
|---|---|---|
|||13,448|
Page 13
## **Bishops Wood Village Hall**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
|Staff costs
Gas & electricity
Water, sewerage & refuse
Insurance
Repairs & maintenance
Cleaning & consumables
Telephone, stationery & postage
Village Hall functions
Other sundry expenditure
Independent examination
Depreciation
Professional fees and licences|**Activity**
**undertaken**
**directly**
**£**
2,469
4,102
1,383
961
1,449
379
1,002
1,149
276
420
962
1,558
16,110|**Total**
**2019**
**£**
2,469
4,102
1,383
961
1,449
379
1,002
1,149
276
420
962
1,558|
|---|---|---|
|||16,110|
£13,218 (2019 - £16,110) of the above expenditure was attributable to unrestricted funds and £Nil (2019 - £Nil) to restricted funds.
## **8 Analysis of governance and support costs**
## **Governance costs**
|Independent examiner fees
Examination of the financial statements
Independent examiner fees
Examination of the financial statements|**Unrestricted**
**funds**
**General**
**£**
420
420
**Unrestricted**
**funds**
**General**
**£**
420
420|**Total**
**2020**
**£**
420|
|---|---|---|
|||420|
|||**Total**
**2019**
**£**
420|
|||420|
Page 14
## **Bishops Wood Village Hall**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **9 Government grants**
During the period the charity received grants from the Brewood and Coven Parish Council of £2,880 (2019 £2,880) and a grant from South Staffs Council £10,000 (2019:nil) relating to the Small Busines Grant given to organisaitons during Covid 19.
The amount of grants recognised in the financial statements was £12,880 (2019 - £2,880). There were no unfulfilled conditions
The charity has received no other forms of government assistance
## **10 Net incoming/outgoing resources**
Net incoming resources for the year include:
|Depreciation of fixed assets|**2020**
**£**
1,054|**2019**
**£**
962|
|---|---|---|
## **11 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
## **12 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries|**2020**
**£**
697|**2019**
**£**
2,469|
|---|---|---|
No employee received emoluments of more than £60,000 during the year
## **13 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
Page 15
## **Bishops Wood Village Hall**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **14 Tangible fixed assets**
|**14 Tangible fixed assets**||||||
|---|---|---|---|---|---|
|**Cost**
At 1 January 2020
Additions
At 31 December 2020
**Depreciation**
At 1 January 2020
Charge for the year
At 31 December 2020
**Net book value**
At 31 December 2020
At 31 December 2019
**15 Stock**
Stocks
**16 Debtors**
Other debtors
**17 Cash and cash equivalents**
Cash on hand
Cash at bank
**18 Creditors: amounts falling due within one year**
Trade creditors
Accruals|**Land and**
**buildings**
**£**
137,710
35,453||**Furniture and**
**equipment**
**£**
75,740
-
75,740
70,741
1,054
71,795
3,945
4,999
**2020**
**£**
603
**2020**
**£**
569
**2020**
**£**
425
35,274
35,699
**2020**
**£**
511
420
931||**Total**
**£**
213,450
35,453
248,903
70,741
1,054
71,795
177,108
142,709
**2019**
**£**
3,102|
||173,163||75,740|||
||-
-||70,741
1,054|||
||-||71,795|||
||173,163||3,945|||
||137,710||4,999|||
||||**2020**
**£**
603
**2020**
**£**
569
**2020**
**£**
425
35,274
35,699
**2020**
**£**
511
420
931|||
||||||**2019**
**£**
517|
||||||**2019**
**£**
415
24,774|
||||||25,189|
||||||**2019**
**£**
1,145
515|
||||||1,660|
Page 16
## **Bishops Wood Village Hall**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
## **19 Funds**
|**Unrestricted funds**
**_General_**
Management fund
**_Designated_**
Capital fund
Bugle
Neighbourhood Watch
Emergency Fund
**Total unrestricted funds**
**Restricted funds**
Healthy Living
Village Hall Extension
**Total restricted funds**
**Total funds**
**Unrestricted funds**
**_General_**
Management fund
**_Designated_**
Capital fund
Bugle
**Total unrestricted funds**
**Restricted**
Healthy Living
**Total funds**|**Balance at 1**
**January**
**2020**
**£**
**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
**Transfers**
**£**
**Balance at**
**31**
**December**
**2020**
**£**
27,926
22,678
(18,057)
(10,000)
22,547
140,835
-
-
-
140,835
(355)
100
-
-
(255)
-
1,470
-
-
1,470
-
-
-
10,000
10,000
140,480
1,570
-
10,000
152,050
168,406
24,248
(18,057)
-
174,597
1,451
-
-
-
1,451
-
37,000
-
-
37,000
1,451
37,000
-
-
38,451
169,857
61,248
(18,057)
-
213,048
**Balance at 1**
**January 2019**
**£**
**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
**Balance at 31**
**December**
**2019**
**£**
21,237
43,879
(37,190)
27,926
140,835
-
-
140,835
(575)
1,001
(781)
(355)
140,260
1,001
(781)
140,480
161,497
44,880
(37,971)
168,406
1,451
-
-
1,451
162,948
44,880
(37,971)
169,857|**Balance at 1**
**January**
**2020**
**£**
**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
**Transfers**
**£**
**Balance at**
**31**
**December**
**2020**
**£**
27,926
22,678
(18,057)
(10,000)
22,547
140,835
-
-
-
140,835
(355)
100
-
-
(255)
-
1,470
-
-
1,470
-
-
-
10,000
10,000
140,480
1,570
-
10,000
152,050
168,406
24,248
(18,057)
-
174,597
1,451
-
-
-
1,451
-
37,000
-
-
37,000
1,451
37,000
-
-
38,451
169,857
61,248
(18,057)
-
213,048
**Balance at 1**
**January 2019**
**£**
**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
**Balance at 31**
**December**
**2019**
**£**
21,237
43,879
(37,190)
27,926
140,835
-
-
140,835
(575)
1,001
(781)
(355)
140,260
1,001
(781)
140,480
161,497
44,880
(37,971)
168,406
1,451
-
-
1,451
162,948
44,880
(37,971)
169,857|**Balance at**
**31**
**December**
**2020**
**£**
22,547
140,835
(255)
1,470
10,000|
|---|---|---|---|
||||152,050|
||||174,597|
||||1,451
37,000|
||||38,451|
||||213,048|
|||||
|||140,480||
|||168,406
1,451||
|||169,857||
Page 17
## **Bishops Wood Village Hall**
## **Notes to the Financial Statements for the Year Ended 31 December 2020**
The specific purposes for which the funds are to be applied are as follows:
The capital fund is held to cover the cost of capitalised assets and is released to general reserves in line with the depreciation policies applied.
The Bugle fund is to support the running of the Parish Magazine.
The Neighbourhood Watch fund is to facilitate people getting together with their neighbours to take action to reduce crime.
The Emergency Fund is to provide for unforseen eventualities.
The Healthy Living fund is for the promotion of healthy living in the village.
From time to time other funds are earmarked for specific purposes in the following year. No such allocation was required at 31 December 2019.
The funds for the extension to the hall are from the following funders:
Main Grants £10,000 Garfield Weston Foundation £5,000 Parish Council £4,000 ACRE £10,000 Cranford Developments £4,000 St Philips Care Caledonia Ltd £4,000
## **20 Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Unrestricted funds**
**General**
**£**
**Designated**
**£**
820
140,835
22,403
11,470
(676)
(255)
22,547
152,050
**Unrestricted funds**
**General**
**£**
**Designated**
**£**
1,874
140,835
27,357
-
(1,305)
(355)
27,926
140,480|**Restricted**
**funds**
**£**
35,453
2,998
-
38,451
**Restricted**
**funds**
**£**
-
1,451
-
1,451|**Total funds at**
**31 December**
**2020**
**£**
177,108
36,871
(931)|
|---|---|---|---|
||||213,048|
||||**Total funds at**
**31 December**
**2019**
**£**
142,709
28,808
(1,660)|
||||169,857|
## **21 Related party transactions**
There were no related party transactions in the year.
Page 18