Charity registrdtion number.. 522610 Bishops Wood Village Hall Annuul Repurt and FindllLi(Il Stratfflnents for the Year Ended 31 DeLernber 2022 Bishops Wood Village Hall Contents (continued) Reference and Administrative Details Trustees, Report 2to4 Independent Examinees Report Statement of Financial Activities Balance Sheet Notes to the Fil￿ncIal State]nents 8t019 Bishops Wood Village Hall Reference and Administrative Details chair￿￿￿ Mr Shjart Plajford Trustees Mr Colin Wolverson, Depuiy Chair/House Manager Mr John Groom, Treasurer Mrs Mary WolTrer50n, Tuesday Drop In Representative Mr Tony Sloane Mr Bill Oakley Mrs Rachel Glover Miss Sai'anna Robb Ms Beverley Scragg, Bookings Secretary Mrs Kate Mills, Youth Club Representative Mr Philip Holden, SpetdwdtLh Represeniaiive Mrs Mary Sambrook, Parish Council Representative Mrs Mary Cooper, Wl Representative 9 Tong Road Bishops Wood Sthflord ST199AB Principal Office Charity Registration Lyumber 522610 Independent Examiner Daryl Denson ACMA VAST The Diid50n Centre Hope Street Stoke on Tient StAffordshire STI 5DD Page I Bishops Wood Village Hall Trustees, Report The trustees present the annual report tObTether with the financial statements of the charity for the year ended 31 December 2022. Objectives and activities Objecls aim5 The Trustees. key ubjeLtive is the provisiun of a safe. pl¢dbLirit and well maintaintd venue for the benefit of the inhdbitants vf the i'illdbTe and surruundin¥F drea. It is Pro￿.ided without dibLrimindtiun of sex, sexual oritntation, asFe, disdbility. nutionality, race. pulitic￿l or relibTlOUS opiniuns. Objeelives, sirategies tsrtd &Ctivities 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 Managemeni Lommittee for fundraising ei'ents. The hall is also akailable for hire for private functions including children's parties, Ivedding recepiions. funeral teas and family parties. The hall has a Premises Licence and employs a Bar Manager ivith a Personal Licence to sell alcohol at the hall bar. Public benefit With all restrictions lifted this year M'e tnade lip for 105t time by restarting the regular Quiz and Bingo Nights, Easter Party, and some new events and bat]ds including Line Dancing and a Moto￿￿ Night. The hi￿lIght of the year must be the celebratiot] of tlie Qiieen's Platinum Jubilee in June, which saw us all come tObTether as a coi]wnunity at the VillasFe Hall for a day of celebrations which continued late into the nibFht at the Royal Oak. This was followed c105ely by the Platinum Picnic in the Paddock at Church Farm, which ￿￿Y be the last villa¥e event Bill and Lesley Oakley h05t at the farni. A hubTe tliank you for their bTener05ity over the years. The anniial Beer Festival wa5 well attended- look out for soine changes to the festival iiext year. During the latter part of 2022, we liad a Barn Dance at the Hall, which due to the siiccess of the night ￿qll now be a bi-annual event. Our Halloweet] Trail and Party continues to be a roaring success with many fro surrounding areas coming to jtsin in the lun. The Dirty Rockin Scoundre15 played the Village Hall foi the first tiine and will certainly be invited backl The Comedy Night Wasn't ab well attended a5 Other event5 but wa5 de up for by an excellent turn out for all the usual festive eveiits. As alway5. thanks ¥FO Out to the Entertainment Teain ￿.[]0 orssanise all of the events previously mentioned and 50 Iiich niore for the Villabie. If you would like to join the team we ineet the first Wednesday of every month, 7..30pni at the Village Hall. New idea5 are alway5 welcoine. The trustees confirm that they have complied with the requirements of section 17 of the Charities Aci 2011 to hai'c duc rcgard to thc public bcncfit guidan¢¢ publish¢d by thc Chariry Commission for England and Wal¢s. Page 2 Bishops Wood Village Hall Trustees, Report (continued) Achlevements and performance Hall Bookings Bookings during 2022 saw a significant inLrease upon pre*ious years ntsw all rebtiiLtiOll5 have been lifttd. The HkLII ha5 been the Lhusen vtnue fur numeroub weddin¥s. Lhildren's Pilrties. birthduy dnd iintiivtr5dry ei'entS. Our regulai bookings also continue to inake good use ot the Hall. including the Karate and Line DanLing groups. Untortunately, due to numbers the Boll),Fit group decided to cease their bookings. but this was quiLkly ieplaLed by a weekly Keep Fit gioup who meet every Wednesday aftemoon. Our iegular bookings tor Village oigaiiisations Lontinue. including the Bishops Wotsd Wl and Tuesday Drop-ln Club. The Youth Club has gtowTr from strength to strength, and noiy sees 30 young people turning up to every tortnightly meeting. Thanks goes to our Booking Secretary. Bev Scragg, and to Savamla Robb for her support. Hall MainteDance Fijllowing ihe exiensive works Lartied out last year wilh the new build and majoi k]￿hert fil out. our mainienance has tortunaiely been mostly minor items dealt with day by day as required. Mintsr work has been Larried out in the beer cellar with beer dispenbe equipinent. etc. One ongoing item will be the Wlirk io the 'Quooker' water boiler system to improve the drainage pipework and service lo the boiler unil Siage Changing Room - Ihe disused cabinei was removed, and new coal hangers Iilled to the rail. Healing System - Unforlunalely during this winler we had a major issue with ihe boiler and healing system, resuliing in poor healing performance around ihe rndiators. Our appoinled healing engineers examined the sysleni and made adjusiments, but in Ihe end, ive had io call in the manufaciurer io repair ihe boiler. The boiler had major components installed (parts under warrnntyl, and with the new higher capacity pump fitted we now hawe a fully operatilinal healing system again. Future Wlirks will include a site clean-up, returbishment of the dance floor area and some decorating to certain areas. Thanks goes to Clilin Wolverson and Tony Sloane who work tirelessly to maintain the hall to such a high standard. FiThaDcial review The financial results are shown on page 6 of this report. Income £54.fv18 (2021.. £48,968}. Cash at Bank and in hand £35.960 {2021.. £34,110) Higlilights Gas & Elcctriciry up from £3,732 in 2021 to £6,132 in 2022. Hirings up from £8,286 in 2021 to £17,555 in 2022. Unlik¢ ycar ¢nd¢d 2021. no COVID rclatcd grants w¢rc r¢ccivcd during 2022. The trustees have continued with the polic}, of reducing the amount of cash handling by encouraging hirers to pay directly into our bank and by using card readers for approximately two thirds of all bar transactions. Th¢ Villagc Hall trnstccs liav¢ bc¢n transitioning to a ncw monthly payroll systcm during 2021 which Commcnccd on 1st January 2023. W¢ havc a n¢w payroll s¢rvi¢¢ providcr, Support 8taffordsliiw, who also supply HR advicc (our prcvious provid¢r Could not assist with this). N¢w Employm¢nt Contracts wcrc issu¢d to all staff during th¢ ycar. En¢rgy pricc riscs prLividc a significant challcngc to thc Villag¢ Hall and trusi¢cs will n¢cd to bc vigilant in thcir ongoing control of costs. Page 3 Btshops W'ood ￿'111*ge Hall Tru$tees' Report {eontinued) Poli¢y on resen Some mot)ey is ¢arm8rked for spttific activitics and a5 a capitsl fi￿￿. Gette￿ reserves aff maintained at a level to enable the Trillag¢ hall ￿ contjnue to op¢rate thmu8h any ￿riOdS of Wlforseen reduced income and to cfyrry out ongoin8 maintenancc hnd repair work. The free unrestricted funds at the eTMI of the ye4r are £22.059 (2021..£20.1541 Stru¢ture* iovernADc¢ IJMI minagemeDt NAtMre ofgovernins docwmeKt Th¢ chariry is operaied under i¢S governing dwyment dated 7 April 1961. Reeruilment andappoinrfmenl ofmistses TNstees are Appoin¢ed ai the AGM or are co opted or nominaied by Nillage organisaiions beiween these mceiin85. aL¢epled by 4 majurily of Ihe Man8g¢men¢ trusiees at MaThagemeni Comtniitee meelings. The ¥o%'erning d¢xutnent dKlJr¢s th015 tTUSt¢es art elected and up ￿ 3 trustees Can b¢ co opt¢d at ￿Y on¢ tirne. Trus¢tes are inducted by kn explanation of the governi￿ docurnenl and by receiN'in8 a copy of the documeni. Trus￿3 2022 The followin8 were ihe Trustrts were appointed Ise¢ below}. sI￿rt Playford Chair Iclectcdl. Coltn Wol%'¢rson - fjepuly Chair.'Houx Manoscr Iclcctcdl, John Groom Trea$urer leleciedl, 18n TippeT- Secrelary ICO-OPtedl. Sarn￿a Robb lel¢c¢¢dl. Bev S¢ragg Illookin85 Secretary elecledl. Tony Sloane Ico-opiedl, Bill Oakley ieo-opiedl. Rachel Glover (co￿piCdI. Phil Holden ISpeedwal¢h RepreSen￿live1. Mary Sambrook (Parish Council Rep￿sent￿live1. Mary Co¢)p¥r Ill'.1. R¢pr¢s¥lliatLv¢I. Kd Mills (Youth Club R¢pre5enllllivcl. Mary Wolverson (Tuesday Drop In R¢pres¢nlaiivcl. My tha￿kS 80 to 811 the ttitsie¢s who hav¢ so willingly ￿ ¢ommitted them5clv¢s and 8iv¢n up thcir timc during the IAst year. Thanks also to our Bar Manager, Paul Coop¢r. our bllr 5tstT. and io our clcancr Liz Towmsend. An additional group of volunteer5 alw meet nx)nthly to orBanisc liN'e music. f4w)ily even￿ the Bcer Fesiivol tsnd numerous othcr ¢ommunity cvcnrs for the Villa¥c. My thanks out io this group for the hours they pul into th¢5¢ cvents. L85t but ¢enainly not least our thanks 80 io the Counry. District &)d Parish Councils support your h811 with gr￿¢8, dontttion5 much appreciated advice especi•lly durin8 another difficuli year. The annual report was approved by the trusm of the ¢lwiry on . ard SiBDed on its bcbalf by.. Mr Stuart PIAJford Chaimwi Page 4 Bishops Wood Village Hall Independent Examiner's Report to the trustees of Bishops Wood Village Hall I report to the trustees on my examination of the accounts of Bishops Wood VillabFe Hall for the year ended 31 December 2022. Responsibilitles and basls of report As the charity 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 hai'e followed all the applicable Direction% given by the Charity Commi%%ion under %ection 145{5)(b) of the Act. Independent examiner 5 Statement I have completed my examinaiion. I confirni that no material matters have come to my atrention in connection with the examination giving me Cause to believe that in any material respect.. accounting records were not kept respect of Bishops Wood Village Hall as required by section 130 of the Act,. or 2. Ihe aLcounts do nui acLord with thobe records.. or 3. the accounts do not comply with the accounting requirements concerning the forni and content of accounts set out in the Charities (Accounts and Repottsl Regulations 2008 other than any requirement that the accounts give a 'true and tair view. which is not a matter considered as part of an independenr examination. I have no concerns and have coine across no other matters in connection Mqth the exami1￿tIOn to which attention should be dra￿￿ in this report in order to enable a proper understanding of the accounts to be reached. Daryl Dcnson ACMA VAST The Dudslin Centre Hope Street Stoke on Trent Staffordshirc STI 5DD Date.. ..28103J2023.... Page 5 Bishops Wood Village Hall Statement of Financial Activities for the Year Ended 31 December 2022 Unrestricted funds Restricted funds Total 2022 Note Income and Endowments from: Donations and legacies Chaiitable activities Other truding aLtii'ities 6,605 17.555 30,488 6,605 17,555 30.488 Total InLo]ne 54,648 54.648 Expenditure on: Raising funds Charitable activities (17.974) (31,572) {17,974) {31.572) Total Expenditure (49,546) {49.546) Net movement in funds 5,102 5,102 RecoDciliation of fllDds Total funds brought forward 222.341 2,138 224,479 Total funds carried fonvard 17 227,443 Unrestricted funds 2.138 Restricted funds 229,581 Total 2021 Note Income and Endowments from: Donaiions and legacies Charitable activities Other trading activities 22.395 8,286 18,287 22,395 8.286 18.287 Total Inco]ne 48,968 48.968 ExpeThditure on: Raising funds Chariiable aciiviiies (9,598) (27,939) (9,598) {27.9391 Total Expenditure (37,537) {37.5371 Nei income Gross ttansleis between funds 11,431 36,313 11,431 (36,313) Net moveiknent in funds 47,744 (.16,-113) 11,4.11 Reconciliation of funds Total fund5 brouglit fO￿ard 174,597 38,451 213.048 Total fund5 carried fomrd 17 222,341 2,138 224,479 All of thc charity's activitics d¢riv¢ from Continuing op¢rations during th¢ abovc two pcriods. Th¢ funds br¢akdown for both p¢riods is shown in notc 17. The notes on pages 8 to 19 forni ai) ii)tegral part of these financial statements. Page 6 Bishops Wood Village Hau (Regi5tratlon number: 522610) Balance Sheet as at JI December 2022 2022 2021 Note Flxed xslttg Tan8ible 13 193.592 19U.972 Currellt Issets Stocks Cash at bank artd in hond 14 2.238 35.960 2.398 34.110 38.198 36.508 Credltori: Amourtts f*lliJg d￿e withln one veAr 16 2.209 3.001 Net current 35.989 33.507 22Y.581 2?4.479 FyDds of tbe ehArlty: Resirl¢ied lTh¢ome futsdi Restri¢ied fimds 17 2.138 2.138 Vnr¢51rlcted Its￿￿¢ (￿ndS Unresiricled funds 227.443 222,341 Totgl funds 17 229.581 224,479 ial sta*menis on pa¥¢s 6 10 19 were opproved by the tn￿tee$. INI authoris¢d for issue on 5iBned on their behalf by.. Mr John Groom Trusicc The noies on pages 8 to 19 fonn an iijtegrnl part of these financial ststemcnts. Page 7 Bishops Wood Village Hall l¥Jotes to the Financial Statements for the Year Ended 31 December 2022 l Accounting policies Statement of Compliance The finanLial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing Iheir accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland (FRS 1021 (effective l January 20191- (Charities SORP (FRS 1021 (Second Edition}l. the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Basi5 of preparation Bishops Wood Village Hall meets the definition of a public benefit entity under FRS 102. The accounts IfinanLial statements) haie been prepared under the historical cost coni'ention with items recognised at cosi or transaction value iinless othenvise staled in the relepanl note(s) to these accounts. GvingF ¢vn¢ern The trustees consider that there are no material uncertainties about the charity's ability to continue as 3 going concern. Income and endowments Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general naiure is recognised when the charity has eniitlement to the income, it is probable that the income will be received and the amount can be measured with suffjcient reliability. Donatl0115 and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably rneasured. Granlb receivable Grants are recognised when the charity has an entitlement to tlie funds aiid any conditions linked to the grants have been met. Where perForn￿ALe conditions are attached to the grant and are yet to be meL the incoine is recog]ised &s a liabiliry and included on the balance sheet as deferred income to be released. ExpeThditsre All expenditure is recognised once there is a legal or constructive obligaiion ro rhar expenditure, it is probable seitlement is required and the ainount can be Ineasured reliably. All costs are alloCa￿d to rlie applicable expendilure heading thai aggregate similar costs to that category. Where COS￿ cannot be directly atiributed to particular headings ihey ILqve beeii allocated on a basis consistent with the use ol. resources, witli 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. These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise fuiids. Page 8 Bishops Wood Village Hall Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) Charilable uctivilies Charitable expenditure compiise5 those costs incurred by the charity in the delivery of its activities and services for its beneficiarie5. It includes both costs that can be allocated directly to such activitie5 and those costs of an indirect nature necessary to support them. Support costs Suppurt Lobts include Ltnttal fiJnLtivns and h￿ve been dllvLdted to dctivity Lost Late¥Forits vn ￿ bdslb Lotisistent witli the use of rebourLes, for exHniple, alloc￿tin& property costb by flovr dreas, or per LHpits. stdff Lobts by the time spent and other costb by their u5a¥Fe. Governance costs These include the costs attributable to the charity'5 compliance with constitutional and statutory requirements, inLludin¥ audit, Str(ItegiL mtha¥enient lind t￿￿te¢S inettin¥s and reiinburstd expenses. Government grants Govetnnienl grants are recognibed based on the accrual model are meabured ￿t the fair value of tlie asset received reLeivdble. Gr￿ntS are Llassilied as relatlllbw eitlier tu revenue ur to dssets. Grants. relatinb to revffliue are recobTnised in income over the period in which the related cost5 are recognised. Grants. relatinb to as5et5 are recognised over the expected useful life of the asset. Where part of 8 bFrant relating to an asset 15 defetred, it is recobmised as deferred income. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and tl)erefore it nieets the definition of a cl)Mritable conipai)y for UK corporation tAX purposes. Accordingly, the cliarily 15 Potentially exempt froni taxdlion in respect of income or capital blains received withiii Lategories covered by Cliapter 3 Part I l of the Corpuration Tax Act 2010 or Section 256 of the Taxation of Charbieable Gains Aci 1992. 10 the exieni that such income or gains are applied exclusively io charithble purposes. Tangible fixed A55et5 Individual lixed assets costing £500 or more are initially recorded at cost, less any subsequent accuinulated depreciation and subsequent accuniulated impaiiinent losses. Depreciation and amortisfition Depreciatiori 15 provided on tAngFible fixed a55et5 $0 a5 to WTite off the cost or valuation. less any estimated residual value, over their expected useful econoinic life as follow5.' A5se¢ class Land and Biiildings Fixtures & fittings Funiturc & ¢quipm¢nt Depreciation method and rate I 00/0 on cost 250/0 rcducing balan¢¢ Stoek Stock is valucd at thc lowcr of cost and ¢stimatcd sclling pricc Icss costs to compl¢tc and s¢ll, aftcr duc rcgard for obsolct¢ and slow moving stocks. Cost is dctcrniincd using thc first-in, first-out (FIFO). Page 9 Bishops Wood Village Hall Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) Trade debtors Trade debtor.s are atnount% due from customers for merchandise sold or %ervice% perfonned in the ordinary cour8e of busine%$. Trade debtors ar¢ re¢ognis¢d initially at the transaction price. They ar¢ subs¢qu¢ntly measured at amortis¢d Cost using the effective interest method, less provision for impairment. A propision 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 eash equivalcnts Cash and ca%h cquivalcnt% comprise ca%h on hand and call depo8it8, and other 8hort-term highly liquid investjnents that are readily Con￿ertIble to a known amount of cash and are subject to an in%ignifJeant risk of Change in value. Trade f rcditors Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of biisiness from suppliers. Accounts payable are classified as curreiit liabilities if the does not have an unconditional right, at the end of the reporting period, lo defer settleinent of the creditor for at least twelve months after the reporting date. If there is an uncojiditional right to defer settletnet]t 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 amort15ed cost iising the effective interest method. Fund strncture Unrestricted inconie ￿ndS are general fullds that are available for use at the trustees discretion in furtlierance of the objectives of the charity. Designated lunds are unrestticted funds set aside for specific purposes at the discretion ol'the trustees. Restricted income funds are those dotmted 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 2022 (continlled) 2 Income from donations and legacies Unrestricted funds GeTheral Total 2022 Donations and legacies., Donations from individuals Grdnts.. includinsT LaPIt(Il STdnts,' Government grants 58 58 6.547 6.547 6,605 6,605 UDre5tricted funds GeTher#l Total 2021 Donations and legacies., Donations from indii'iduals Grants, including capital grants,. Government grants 545 545 21.850 21.850 22,395 22,395 3 Income from charitable activities UDre5tricted funds GeTheral Total 2022 Private functions Privatc r¢gulars Village Hall fi￿ctionS 10.212 4,064 3.279 10.212 4,064 3,279 17,555 17,555 Vnrcstrictcd funds Gcncral Total 2021 Private functions Private regular5 Village Hall ￿nctiOnS 7,296 533 457 7,296 533 457 8.286 8,286 Page I I Bishops Wood Village Hall Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) 4 Income from other trading activities UThrestrieted funds Designated General Total 2022 Trading income; Sales of goods and services Other trdding inLome Local fundraising and street collection income Lotteries and co]npetition8 incotne 26,622 46 2.476 26,622 2,476 1,344 1,344 1,344 29.144 30,488 Unrestricted funds GeTheral Total 2021 Trading income., Sales of goods and services Local fundraising and street collection incoine Lotteries and competitions income 13,556 3,028 1,703 13,556 3,028 1,703 18,287 18,287 Page 12 Bishops Wood Village Hall Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) 5 Expenditure on raising funds al Costs of trsiding ficti￿lties Unrestricted funds GeTher#l Total 2022 Note Costs of good5 sold Allocated Support ¢osls 12,230 5.744 12.230 5,744 17,974 17.974 Vnr¢stri¢ted funds GenerAI Total 2021 r4ote Costs of goods sold AlloLated suppon costs 6,819 2.779 6,819 2,779 9,598 9,598 Page 13 Bishops Wood Village Hall Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) 6 Expenditure on charitable activities Activity undertaken directly 2022 Staff costs Gas & eltLtriLIty Watei, stwerdge & retuse Insurance 2,470 6,132 2.298 980 2,470 6,132 2,298 980 Repairs & maintenance Cleaning & consumables Telephone, statilinery & postage Villa¥e Hall tuiictivns Sundry Independent exainination Depreciation Professional fees and licences Designated Expenditure 4.603 1,331 1.027 4.603 1.331 1,027 j! 7,860 740 473 1,755 1,136 767 7,860 740 473 1.755 1,136 767 31.572 Aetii'ity undertaken directly 31,572 Total 2020 Staff costs Gas & electricity Wat¢r, scwcragc & r¢fus¢ Insurance Repairs & maintenance Cleaninss & consunTrbles Telephone, stationery & tx)stage Villag¢ Hall functions Sundry Independent examination Depreciaiion Professional fees and licences 1.127 3,732 976 957 12,064 683 1.155 1.127 3,732 976 957 12,064 683 1.155 JJ 5,250 58 468 5,250 58 468 830 639 830 639 27,939 27,939 Page 14 Bishops Wood Village Hall Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) 7 Analysis of governance and support fosts Govern#nee eosts Vnr¢stri¢ted funds GenerAI Total 2022 Independent examiner fees Examinatiun ot the finanLial btatementb 473 473 473 473 Unrcstricted funds Gcncral Total 2021 Independent examiner fee5 Examination of the fit]ancial statements 468 468 468 468 8 Government grants During the period the charity received ￿ants from the Brewood and Coven Parish Council of £2,880 {2021 £2,880) Parish council annual grant £l.000 (2021 £500). A grant from South Staffs Council £2,667 {2021 ..£17,6691 r¢lating to Covid 19. A grant from South Staffs Council for Community Innov3tion £nil 12021..£550) and a £nil 12021..£500) youth club grant. Thc amount of grants rccognis¢d in thc financial statcmcnts was £6,547 (2021 £21,850). There were no unfulfilled condiiions The charity has received no other fom)s of government assistance 9 Nct ineomlngloutgolng rcsourees Net incoining resources for the year include.. 2022 2021 D¢prc¢iation of fix¢d ass¢ts 1,755 830 10 Trustees remuneration and expenses No t￿$t¢¢$, nor any p¢r50n5 ¢onn¢ct¢d with th¢m, hav¢ r¢c¢ivcd any rcmuncration froin th¢ charity during thc y¢ar. No trustees have received any reimbursed expenses or any other benefits from the cl)arity during the year. Page 15 Bishops Wood Village Hall Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) 11 Staff costs The aggregate pairyoll co.%t% were follow%.. 2022 2021 Staff costs during the y¢Ar were: Wages and salaries 2.470 1,127 No ernployee received ernoluments of more than £60,000 during the year 12 Taxation The charity is a registered charity and is therefore exempt from taxation. 13 Tangible fixed assets Land and buildiDgs Furniknre and equipment Total Cost At l January 2022 Addilions 187,857 75,740 4,375 263,597 4,375 Al 31 December 2022 187,857 80,115 267,972 Depreciation At l January 2022 Cliarge for the year 72.625 1,755 72,625 1,755 At 31 December 2022 74,380 74,380 Net book value At 31 December 2022 187,857 5,735 193,592 At 31 December 2021 187,857 3,115 190,972 14 Stock 2022 2021 Stocks 2.238 2,398 Page 16 Bishops Wood Village Hall Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) 15 Cash and cash equivalents 2022 2021 Cash on hand Cash at bank 429 35.531 429 33.681 35.960 34,110 16 Creditors: amounts falling due within one year 2022 2021 Trade creditors AcciLialb 1.736 473 2,551 450 2.209 3,001 17 Funds Balance at 31 DeLe￿ber 2022 BalanLe #t I January 2022 Ineoming resourLes Resources xpended Unre5trict¢d fund5 General Managcmcnt fund 70,291 53,304 {48,779) 74,816 Desigrtaied Capital fund Bugle Neighbourhood Watch EmerbTency Fund South Staffs Lott¢ry Proj¢¢t 140,835 (255) 1,470 10.000 140,835 (255) 1,452 10,000 595 (18) 1,344 (749) 152.05 1,344 (707) 152,627 Total unrestrieted funds 222.341 54,648 149.5461 227,443 Restricted funds Healthy Livinb Village Hall Extension 1.451 687 1.451 687 TotAI restricted funds 2,138 2,138 Total funds 224.479 54,648 {49.5461 229,581 Page 17 Bishops Wood Village Hall Notes to the Financial Statements for the Year Ended 31 December 2022 (continlled) Balance at 31 December 2021 BalaThce at I January 2021 IncomiThg resources Resources expeDded Transfers Unre5tri£t¢d fund5 General Management fund 22,547 48.968 (37,5371 36,313 70,291 Debigmated Capital fund Bugle Nei¥hbourhood Watch Emergency Fund 140,835 12551 1.470 10,000 140,835 (255) 1.470 10.000 152.050 152.of O Total unrestricted funds 174.597 48.968 137.5371 36,313 222.341 Restricted Healthy Living Village Hall Extension 1,451 37,000 1,451 687 (36,313) Total restricted funds 38,451 (36,313) 2,138 Total funds 213,048 48.968 137,5371 224.479 The specific puwoses for which the funds are to be applied are as follows= The capital fund is held to cover the cost of capitslised assets and is released to general reserves in line the depreciation policies applied. The Bu¥le fund is to support the running of the Parish MabTazine. The Neiglibourhood Watch fi￿d is to facilitate people gettin¥ together with their neighbours to take action to reduce crime. The Emergency Fund is to provide for unforseen eventhalities. The Healthy Living fund 15 for the promotion of healthy Iiviiibl in the villabFe. Fiom time to tiTlle Otlier funds are earinarked for specific puryoses in the following year. No such allocation was required at 31 Deceinber 2019. Tl)e funds ltii tl)e extension to the hall are from the following funders.. Main Gtants £10,000 G