HARBURY VILLAGE HALL
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021
CONTENTS: PAGE: Report of the Trustees Independent Examiner's Report Statement of financial activities Balance sheet Notes to the financial statements
HARBURY VILLAGE HALL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2021
REFERENCE AND ADMINISTRATIVE DETAILS:
Status:
Harbury Village Hall was formed by a Lease and Trust Deed on 17th October 1961. It is an unincorporated registered charity, number: 522932.
Trustees:
The Charity Trustees who served during the year and to date are as follows:
Mr. J. Crossling Mrs. J.M. Haggitt Mr. G. Thorpe - resigned Mrs. C.F. Hill Mrs. J. Thornley - resigned Mr. G.D. Robbins Mr. D.A. Gimson – appointed 23 May 2022 Mrs. L. Ridgely Mr J. Bright - appointed 26 May 2021 Mrs. P. Keane - appointed 26 May 2021 Mrs. J.A. Marshall-Hardy - resigned Mr. C. Finch Ms. G Gurden - resigned Mr. K. Thompson Mrs. C. Neill Ms. S.J. Littlewood Mr A. Rutherford Principal Address Harbury Village Hall South Parade Harbury Leamington Spa CV33 9JE Contact Address c/o Mr G Thorpe Highcroft Butt Lane Harbury Leamington Spa CV33 9JL Independent Examiner Peter West Tol - Pedn Churchtown St. Issey Wadebridge Cornwall PL27 7QB
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HARBURY VILLAGE HALL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT:
The Trustees who have served during the year and since the year end are set out on page 1. Ten trustees are elected at each Annual General Meeting and six representative trustees can be appointed by local organisations prior to the Annual General Meeting each year to form the Committee until the next Annual General Meeting. The Committee has the power to co-opt no more than eight trustees to fill casual vacancies until the end of the next Annual General Meeting.
The Committee shall hold at least two ordinary meetings in each year and may hold such other ordinary meetings as may be required. At least one third of total number of members are required to form a quorum at committee meetings.
The village hall occupies land leased from Harbury Parish Council at a peppercorn rent of one shilling(5p) per annum. The lease term is 999 years with effect from 17[th] October 1961.
OBJECTS AND ACTIVITIES FOR THE PUBLIC BENEFIT:
Harbury Village Hall provides a facility for the furtherance of sporting, cultural, social and artistic activity and community life within the village.
The hall is used by a wide group of local clubs and individuals. These include the parish council, theatre group, football club as well as for dance classes, karate classes, pilates, fundraising events, cinema and private parties. There are in excess of thirty regular user groups of the village hall with very high booking levels.
It can be confirmed that the Trustees have had regard to the Charity Commission guidance on public benefit.
ACHIEVEMENTS AND PERFORMANCE:
The village hall is widely used by members of the village and local groups; however usage has fallen dramatically since 2020 due to the impact of the coronavirus pandemic. The trustees have raised significant funding to further improve the village hall facilities including a major extension to the foyer which was completed during the year.
FINANCIAL REVIEW:
The Trustees have considered the requirement for free reserves which are those unrestricted funds not invested in fixed assets, designated for specific purposes or otherwise committed.
General income was £34,771 including £11,286 from the hire of the hall. After expenditure of £14,130 there was a surplus of £20,641 (2020 deficit £4,700). £5,298 was transferred to the Major Development Fund during the year. At the yearend there was a balance on unrestricted funds of £64,053 including £10,000 designated for major repairs, £2,818 in the designated fixed assets fund leaving general free reserves at the year-end of £51,235 (2020 £34,535).
The Major Development Fund generated net income of £122,386 during the year from two major donations. There was a balance of £29,349 at 31[st] December 2021 in respect of unused funds held.
The Capital Account represents the total capital expenditure on the village hall building. The balance of the fund at 31[st] December 2021 was £638,759 following the completion of the new foyer.
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HARBURY VILLAGE HALL
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST DECEMBER 2021
RELATED PARTIES:
Trustees are members of the local community and organisations making use of the village hall on the same basis and terms as other members of the community. Local organisations use the facilities and raise funds for the benefit of the village hall.
VOLUNTEERS:
The Trustees are indebted to volunteers for their commitment and support to assist with the running of the village hall.
RESPONSIBILITIES OF TRUSTEES:
The charity trustees are responsible for preparing a trustees’ report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practices). The law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year, which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, of the charity for that period. In preparing the financial statements the trustees are required to:
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(i) Select suitable accounting policies and then apply them consistently;
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(ii) Observe the methods and principles in the applicable Charity SORP:
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(iii) Make judgments and estimates that are reasonable and prudent;
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(iv) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
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(v) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time, the financial position of the Trust, and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Trust, and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
Approved by the Trustees and signed on their behalf by:
Mr. A. Rutherford - Trustee
Date: 29th October 2022
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
HARBURY VILLAGE HALL
I report on the accounts of the Trust for the year ended 31st December 2021 which are set out on pages 5 to 10.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”). The charity's trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act;
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follow the applicable Directions given by the Charity Commissioners under section 145(5)(b) of the Act; and
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state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no material matters have come to my attention:
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(1) which give me reasonable cause to believe that in any material respect:
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the accounting records were not kept in accordance section 130 of the Charities Act; or
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the accounts did not accord with the accounting records or the accounts did not comply with the applicable 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.
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(2) I have no concerns and have come across no other matters in connection the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
PETER WEST TOL - PEDN CHURCHTOWN ST. ISSEY WADEBRIDGE CORNWALL PL27 7QB
30th October 2022
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HARBURY VILLAGE HALL
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2021
| Unrestricted Restricted 2021 2021 Note £ £ Incoming resources Donations (including grants and awards) (2) 16,335 141,250 Charitable activities – hire of hall 11,286 - Other trading activities (3) - - Investments (4) 7,150 - _ _ Total incoming resources £34,771 £141,250 _ _ Resources expended Raising funds - 6,625 Charitable activities Premises and support costs (5) 13,737 12,239 Management and administration (6) 393 - _ __ Total resources expended £14,130 £18,864 _ __ Net income/(expenditure) 20,641 122,386 Transfers between funds (5,298) 5,298 - _ _ Net movement in funds 15,343 127,684 Fund balances brought forward 48,710 540,424 _ _ Funds carried forward £64,053 £668,108 ___ _ |
Unrestricted Restricted 2021 2021 Note £ £ Incoming resources Donations (including grants and awards) (2) 16,335 141,250 Charitable activities – hire of hall 11,286 - Other trading activities (3) - - Investments (4) 7,150 - _ _ Total incoming resources £34,771 £141,250 _ _ Resources expended Raising funds - 6,625 Charitable activities Premises and support costs (5) 13,737 12,239 Management and administration (6) 393 - _ __ Total resources expended £14,130 £18,864 _ __ Net income/(expenditure) 20,641 122,386 Transfers between funds (5,298) 5,298 - _ _ Net movement in funds 15,343 127,684 Fund balances brought forward 48,710 540,424 _ _ Funds carried forward £64,053 £668,108 ___ _ |
Unrestricted Restricted 2021 2021 Note £ £ Incoming resources Donations (including grants and awards) (2) 16,335 141,250 Charitable activities – hire of hall 11,286 - Other trading activities (3) - - Investments (4) 7,150 - _ _ Total incoming resources £34,771 £141,250 _ _ Resources expended Raising funds - 6,625 Charitable activities Premises and support costs (5) 13,737 12,239 Management and administration (6) 393 - _ __ Total resources expended £14,130 £18,864 _ __ Net income/(expenditure) 20,641 122,386 Transfers between funds (5,298) 5,298 - _ _ Net movement in funds 15,343 127,684 Fund balances brought forward 48,710 540,424 _ _ Funds carried forward £64,053 £668,108 ___ _ |
Total 2021 £ 157,585 11,286 - 7,150 ___ £176,021 |
Total 2020 £ 54,009 6,236 1,527 2,876 _ £64,648 _ 215 26,704 230 _ £27,149 _ 37,499 - _ 37,499 551,635 _ £589,134 ___ |
|---|---|---|---|---|
| _ - 13,737 393 _ £14,130 |
_ 6,625 12,239 - ______ £18,864 |
_ 6,625 25,976 393 _ £32,994 |
||
| _ __ 20,641 122,386 (5,298) 5,298 _ _ 15,343 127,684 48,710 540,424 _ _ £64,053 £668,108 ___ _ |
_ 143,027 - _ 143,027 589,134 _ £732,161 _ |
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HARBURY VILLAGE HALL
BALANCE SHEET
AS AT 31ST DECEMBER 2021
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | ||
| Fixed assets | ||||||
| Tangible fixed assets | (7) | 641,577 | 492,207 | |||
| Current assets | ||||||
| Debtors | (8) | 10,638 | 10,041 | |||
| Cash and bank balances | 81,197 | 91,145 | ||||
| _ | _ | |||||
| 91,835 | 101,186 | |||||
| Creditors: Amounts due within one year | (9) | 1,251 | 4,259 | |||
| _ | _ | |||||
| Net current assets | 90,584 | 96,927 | ||||
| ___ | ___ | |||||
| Net assets | £732,161 | £589,134 | ||||
| ___ | ___ | |||||
| Funds | ||||||
| Unrestricted funds: | ||||||
| Designated fund - Provision for Repair Fund | 10,000 | 10,000 | ||||
| Designated fund – Fixed Assets Fund | 2,818 | 4,175 | ||||
| General funds | 51,235 | 34,535 | ||||
| Restricted funds: | (10) | |||||
| Major Development Fund | 29,349 | 52,392 | ||||
| Capital account | 638,759 | 488,032 | ||||
| ___ | ___ | |||||
| £732,161 | £589,134 | |||||
| ___ | ___ |
The financial statements on pages 5 to 10 were approved by the Trustees on 29th October 2022.
Mr. A. Rutherford - Trustee
Ms. S.J. Littlewood - Trustee
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HARBURY VILLAGE HALL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021
1. Accounting policies
(a) Basis of preparation
These financial statements are prepared under the historical cost convention and are in accordance with applicable accounting standards, and the Statement of Recommended Practice, Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Ireland (FRS102) and the Charities Act 2011.
The trustees consider that there are no material uncertainties about the Trust’s ability to continue as a going concern.
(b) Fund accounting
(i) Restricted funds
- Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund.
(ii) Unrestricted funds
Unrestricted funds are donations and other income received or generated for the objects of the charity without further specified purpose and are available as funds which the charity may use for its purposes at its discretion.
(iii) Capital account
The capital account represents expenditure incurred on the village hall buildings including additions and improvements. The village hall is the main asset of the charity and is the means by which it meets its charitable objectives.
(c) Incoming resources
Income is recognised in the period in which the charity is entitled to receipt.
(d) Resources expended
Expenditure is included on an accruals basis. Premises and support costs comprise costs in respect of the village hall.
(e) Buildings
The village hall is included in the balance sheet at cost. Due to the nature of the premises the value would be difficult to assess. The trustees consider that no provision for depreciation or impairment is required.
(f) Depreciation
Fixtures, furniture and equipment - 20% per annum of cost.
(g) Irrecoverable VAT
The charity is not registered for VAT. Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
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HARBURY VILLAGE HALL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021
| 2. | Donations | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| Unrestricted: | |||
| Stratford District Council – Covid Support Grant | 16,335 | 2,301 | |
| Other | - | - | |
| Restricted: | |||
| Groundworks HS2 Grant | 75,000 | - | |
| Biffa Grant | 66,250 | - | |
| Stratford District Council – S106 Grant | - | 50,000 | |
| Heart of England Co-op | - | 1,670 | |
| Other | - | 38 |
|
| ______ | ______ | ||
| £157,585 | £54,009 | ||
| ______ | ______ | ||
| 3. | Other trading activities | 2021 | 2020 |
| £ | £ | ||
| Fundraising Develop committee: | |||
| Folk Evening | - | 1,192 | |
| Other | - | 335 | |
| Unrestricted: | |||
| - | - | ||
| ______ | ______ | ||
| £- | £1,527 | ||
| ______ | ______ | ||
| 4. | Investments | 2021 | 2020 |
| £ | £ | ||
| Electricity FIT receivable | 7,123 | 2,789 | |
| Bank interest | 27 | 84 | |
| Wayleave received | - | 3 | |
| ______ | ______ | ||
| £7,150 | £2,876 | ||
| ______ | ______ |
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HARBURY VILLAGE HALL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021
5.
| Premises and support costs | 2021 | 2020 |
|---|---|---|
| £ | £ | |
| Rates |
222 | 217 |
| Water | 1,364 | 1,944 |
| Repair and maintenance (includes £12,239 Restricted, 2020 £10,821) |
14,041 | 11,292 |
| Telephone and internet | 252 | 367 |
| Cleaning | 3,956 | 4,336 |
| Electricity | 1,975 | 3,028 |
| Insurance | 1,216 | 1,211 |
| Costs re projects (restricted fund) | - | - |
| Gardening and grass cutting | 866 | 1,288 |
| Cost re Licensing Act | 727 | 738 |
| Depreciation | 1,357 | 2,283 |
| _____ | ______ | |
| £25,976 | £26,704 | |
| _____ | ______ | |
| No staff costs were incurred by the charity. | ||
| The Trustees received no remuneration during the year. |
6. Management and administration
No fees were paid in respect of carrying out the independent examination. Fees of £Nil were paid to the Independent Examiner in respect of consultancy services during the year (2020 £Nil).
| 7. Tangible fixed assets Village hall buildings £ Cost At 1st January 2021 488,032 Additions 150,727 _ At 31st December 2021 £638,759 _ Depreciation At 1st January 2021 Charge for the year At 31st December 2021 Net book value At 31st December 2021 £638,759 _ At 31st December 2020 £488,032 _ |
Furniture and fittings Equipment £ £ 4,700 21,098 - - __ £4,700 £21,098 4,048 17,575 321 1,036 __ £4,369 £18,611 £331 £2,487 __ £652 £3,523 __ |
Total £ 513,830 150,727 _ £664,557 _ 21,623 1,357 _ £22,980 _ £641,577 _ £492,207 _ |
|---|---|---|
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HARBURY VILLAGE HALL
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2021
| 8. Debtors Trade debtors Other debtors Prepayments and accrued income 9. Creditors: amounts due within one year Accruals and deferred income Trade creditors 10. Restricted funds Balance at 1st January Movement in resources 2021 Incoming Outgoing £ £ £ Major Development Fund 52,392 141,250 (18,864 ) Capital account 488,032 - - _ __ _ £540,424 £141,250 £(18,864) __ _ ___ |
2021 2020 £ £ 3,375 652 7,000 8,926 263 463 _ £10,638 £10,041 _ 2021 2020 £ £ 944 2,433 307 1,826 _ _ £1,251 £4,259 _ _ Balance at 31st December Transfer 2021 £ £ (145,429) 29,349 150,727 638,759 _ £5,298 £668,108 _ |
|---|---|
Fundraising activities are carried out and grants and donations are received for the Major Development Fund to improve and enhance the facilities offered by the village hall for the community. Once funds have been expended the monies spent are transferred to the capital account in respect of expenditure on building improvements and designated fixed asset funds for expenditure on other fixed assets. The balance of £29,349 at 31[st] December 2021 was in respect of funds raised that had not been spent at that date.
| 11 | . | Analysis of net assets between | Unrestricted | Restricted | |
|---|---|---|---|---|---|
| funds | funds | Total | |||
| Fund balances at 31st December 2021 are | £ | £ | £ | ||
| represented by: | |||||
| Tangible fixed assets | 2,818 | 638,759 | 641,577 | ||
| Net current assets | 61,235 | 29,349 | 90,584 | ||
| ______ | _ | _ | |||
| £64,053 | £668,108 | £732,161 | |||
| ______ | _ | _ |
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