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2021-03-31-accounts

Stourton, Cherington and Sutton-Under Brailes V

Report and Financial Statements

Year Ended

31st March 2021

Charity Number 523029

Village Hall

Stourton, Cherington and Sutton-Under Brailes Village Hall

Trustees' Report

For the Year Ended 31st March 2021

The Trustees present their report together with the audited financial statements for the year ended 31st March 2021.

Results

The Income Statement is set out on page 3 and shows the profit for the year.

The principal activity of the charity during the year was to provide a high quality village hall for the local community.

Trustees' responsibilities

The trustees are responsible for preparing the trsutees' report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the company financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and law. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the trustees are required to:

· select suitable accounting policies and then apply them consistently;

· make judgements and accounting estimates that are reasonable and prudent;

· state whether applicable UK Accounting Standards 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 inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charities’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 comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditors

All of the trustees as at the date of this report have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. The trustees are not aware of any relevant audit information of which the charitie's auditor is unaware.

In preparing this Trustees' Report advantage has been taken of the small companies exemption.

Approval

This Trustees' Report was approved on and signed on its behalf by

S P Allkins

Trustee

1

Stourton, Cherington and Sutton-Under Brailes Village Hall

Independent Auditor's Report

For the Year Ended 31st March 2021

I have audited the financial statements of Stourton, Cherington and Sutton-Under Brailes Village Hall for the year ended 31 March 2021 which comprise the Profit and Loss account, the Balance Sheet and notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the Trustees, as a body, in accordance with Section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My audit work has been undertaken so that I might state to the Charity’s Trustees those matters I am require to state to them in an Auditors’ Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity’s Trustees as a body, for my audit work, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and auditor

As explained more fully in the Trustees Responsibility Statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view.

I have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the regulations made under section 154 of that Act. My responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require me to comply with the Auditing Practices Board’s Ethical Standards for Auditors.

Scope of the audit of the financial statements

A description of the scope of an audit of financial statements is provided on the Financial Reporting Council’s website at www.fre.org.uk/auditscopeukprivate.

Opinion on financial statements

In my opinion the financial statements:

Matters on which I am required to report by exception

I have nothing to report in respect of the following matters where the Charities Act 2011 requires me to report to you if, in my opinion:

Phil Partridge Chartered Accountant CIMA: 1-3QC 0OX

Date:

2

Stourton, Cherington and Sutton-Under Brailes Village Hall

For the Income Statement
Year Ended 31st March 2021
Income Statement
Year Ended 31st March 2021
Receipts
Voluntary Receipts
Donations and Gifts
Bank Interest
Sundry Income
Charitable Activities
Fund raising events
Lottery subscriptions
Total Receipts
Payments
Cost of Charitable Activities
Grants and Donation
Other
Total Payments
Total Surplus Before Depreciation
Depreciation
Net Surplus For The Year
Unrestricted Funds
23,335
25
2,670
1,495
3,860
31,386
2,015
-
11,353
13,368
18,017
9,155
8,863
Restricted Funds
-
-
-
-
-
-
-
-
-
-
-
-
-
Other
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
2021
23,335
26
2,670
1,495
3,860
31,386
2,015
-
11,353
13,368
18,018
9,155
8,863
Total
2020
6,090
72
18,665
7,459
3,740
36,026
2,060
17,154
19,214
16,812
9,062
7,750

3

Stourton, Cherington and Sutton-Under Brailes Village Hall

Statement of Assets and Liabilities For the Year Ended 31st March 2021

Notes
Fixed Assets
Land at Cost
1
Property
1
Fixtures & Fittings
1
Current Assets
Prepayments
2
b/fwd
Movement
HSBC Current
c/fwd
b/fwd
Movement
HSBC Deposit
c/fwd
Total Cash at Bank and in Hand
Total Current Assets
Current Liabilities
Accruals and Deferred Income
3
Total Current Liabilities
Total Assets less Current Liabilities:
Total Assets less Total Liabilities:
Long Term Liabilities
Other Creditors
Total Assets less Total Liabilities:
Capital & Reserves
Reserves
P&L Account
-
-
-
-
316
4,888
(2,004)
2,884
45,927
20,782
66,709
69,593
69,909
(4,710)
(4,710)
65,199
65,199
-
65,199
-
8,863
8,863
Unrestricted
Funds
-
237,466
31,898
269,364
-
-
-
-
-
-
-
-
-
-
-
269,364
-
269,364
-
-
-
Restricted
Funds
Other
26,000
-
-
26,000
-
-
-
-
-
-
-
-
-
-
-
26,000
-
26,000
351,700
-
351,700
Total
2021
26,000
237,466
31,898
295,364
316
-
-
2,884
-
-
66,709
69,593
69,909
(4,710)
(4,710)
65,199
360,563
-
360,563
351,700
8,863
360,563
Total
2020
26,000
237,333
40,388
303,721
316
-
-
4,888
-
-
45,927
50,815
51,131
(3,151)
(3,151)
47,980
351,701
-
351,701
343,950
7,750
351,700

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees and authorised for issue on

Trustee(s)

4

Stourton, Cherington and Sutton-Under Brailes Village Hall

Notes forming part of the Financial Statements For the Year Ended 31st March 2021

1 Tangible fixed assets

Cost or valuation
Additions
Disposals

At 31 March 2021

Depreciation
Provision for year
Disposals

Depreciation At 31 March 2021

Grant Funding Net With Fixed Asset At 31 March 2021

Net book value
At 31 March 2021

At 1 April 2020
At 1 April 2020
At 1 April 2020
Fixtures,
fttings,
Land
Buildings
tools and
equipment
Total
£
£
£
£
26,000
777,398
57,113
860,511
-
133
666
799
-
-
-
-
_
_
_
_
26,000
777,531
57,779
861,310
_
_
_
_
-
-
(16,726)
(16,726)
-
-
(9,155)
(9,155)
-
-
-
-
_
_
_
_
-
-
(25,881)
(25,881)
_
_
_
_
-
540,065
-
540,065
_
_
_
_
26,000
237,466
31,898
295,364
_
_
_
_
26,000
237,333
40,387
303,720

Note - During 2021 no further monies were drawn down as National Lottery Grant Funding (2020: nil). As the hall is now complete and is being fully utilised for the purpose in which it was built, the creditor has been released and netted with the capital expenditure. Therefore now showing a net figure of £237,466 for the building (inc. additions) and £26,000 land.

Depreciation

Land and buildings are not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The estimated useful lives range as follows:

Land and Building - Nil Fixtures, fittings, tools and equipment (Kitchen and Stage) Fixtures, fittings, tools and equipment (Carpets, furniture, other)

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted retroprospectively if appropriate, if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within Administrative expenses within the Profit and Loss Account.

2 Debtors: amounts falling due within one year

Debtors: amounts falling due within one year
Prepayments
Creditors: amounts falling due within one year
Accruals and deferred income
Total
Total
2021
2020
£
£
316
317
____
_
316
317
_
____
Total
Total
2021
2020
£
£
(4,710)
(3,152)
____
____
(4,710)
(3,152)

The deferred income is the cumulative amount drawndown from the National Lottery funding.

5

STOURTON, CHERINGTON AND SUTTON UNDER BRAILES VILLAGE HALL

CASH FLOW FORECAST

CASH AT BANK AT 31ST MARCH 2018
CURRENT ACCOUNTS 40178
DEPOSIT ACCOUNTS 27894
68072
MAJOR RECEIPTS BETWEEN 31/3/18 AND 31/5/18
FINAL GRANT FROM LOTTERY 26812
SUNDRY RENTAL INCOME 2000
LOTTERY MONEY 360
29172
MAJOR EXPENDITURE BETWEEN 31/3/18 AND 31/5/18
CONTRACTOR -25000
CONTRACTOR -9506
LOTTERY WINNERS -310
SOUND PROOFING HALL -3421
SUNDRY ITEMS -300
-38537
COSTS TO COMPLETE
CONTRACTOR AMOUNT WITHHELD FOR BI FOLD DOORS -10000
FINAL CONTRACTORS BILL -16000
MEZZANINE STAIRS AND FIRE ESCAPE -10000
BLINDS/SOUND PROOF FITTING -1000
GROUND LEVELLING/SEEDING -4000
RETENTION DUE TO CONTRACTOR JULY18 -9600
-50600
INCOME TO COME
TAX RECOVERY ON DONATIONS 2600
FORECAST CASH BALANCE 10707

Stourton, Cherington and Sutton-Under Brailes V

Report and Financial Statements

Year Ended

31st March 2021

Charity Number 523029

Village Hall

Stourton, Cherington and Sutton-Under Brailes Village Hall

Trustees' Report

For the Year Ended 31st March 2021

The Trustees present their report together with the audited financial statements for the year ended 31st March 2021.

Results

The Income Statement is set out on page 3 and shows the profit for the year.

The principal activity of the charity during the year was to provide a high quality village hall for the local community.

Trustees' responsibilities

The trustees are responsible for preparing the trsutees' report and the financial statements in accordance with applicable law and regulations.

Company law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the company financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and law. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

In preparing these financial statements, the trustees are required to:

· select suitable accounting policies and then apply them consistently;

· make judgements and accounting estimates that are reasonable and prudent;

· state whether applicable UK Accounting Standards 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 inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charities’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 comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Auditors

All of the trustees as at the date of this report have taken all the steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information. The trustees are not aware of any relevant audit information of which the charitie's auditor is unaware.

In preparing this Trustees' Report advantage has been taken of the small companies exemption.

Approval

This Trustees' Report was approved on and signed on its behalf by

S P Allkins

Trustee

1

Stourton, Cherington and Sutton-Under Brailes Village Hall

Independent Auditor's Report

For the Year Ended 31st March 2021

I have audited the financial statements of Stourton, Cherington and Sutton-Under Brailes Village Hall for the year ended 31 March 2021 which comprise the Profit and Loss account, the Balance Sheet and notes to the financial statements. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

This report is made solely to the Trustees, as a body, in accordance with Section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My audit work has been undertaken so that I might state to the Charity’s Trustees those matters I am require to state to them in an Auditors’ Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity’s Trustees as a body, for my audit work, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and auditor

As explained more fully in the Trustees Responsibility Statement, the Trustees are responsible for the preparation of the financial statements which give a true and fair view.

I have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the regulations made under section 154 of that Act. My responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require me to comply with the Auditing Practices Board’s Ethical Standards for Auditors.

Scope of the audit of the financial statements

A description of the scope of an audit of financial statements is provided on the Financial Reporting Council’s website at www.fre.org.uk/auditscopeukprivate.

Opinion on financial statements

In my opinion the financial statements:

Matters on which I am required to report by exception

I have nothing to report in respect of the following matters where the Charities Act 2011 requires me to report to you if, in my opinion:

Phil Partridge Chartered Accountant CIMA: 1-3QC 0OX

Date:

2

Stourton, Cherington and Sutton-Under Brailes Village Hall

For the Income Statement
Year Ended 31st March 2021
Income Statement
Year Ended 31st March 2021
Receipts
Voluntary Receipts
Donations and Gifts
Bank Interest
Sundry Income
Charitable Activities
Fund raising events
Lottery subscriptions
Total Receipts
Payments
Cost of Charitable Activities
Grants and Donation
Other
Total Payments
Total Surplus Before Depreciation
Depreciation
Net Surplus For The Year
Unrestricted Funds
23,335
25
2,670
1,495
3,860
31,386
2,015
-
11,353
13,368
18,017
9,155
8,863
Restricted Funds
-
-
-
-
-
-
-
-
-
-
-
-
-
Other
-
-
-
-
-
-
-
-
-
-
-
-
-
Total
2021
23,335
26
2,670
1,495
3,860
31,386
2,015
-
11,353
13,368
18,018
9,155
8,863
Total
2020
6,090
72
18,665
7,459
3,740
36,026
2,060
17,154
19,214
16,812
9,062
7,750

3

Stourton, Cherington and Sutton-Under Brailes Village Hall

Statement of Assets and Liabilities For the Year Ended 31st March 2021

Notes
Fixed Assets
Land at Cost
1
Property
1
Fixtures & Fittings
1
Current Assets
Prepayments
2
b/fwd
Movement
HSBC Current
c/fwd
b/fwd
Movement
HSBC Deposit
c/fwd
Total Cash at Bank and in Hand
Total Current Assets
Current Liabilities
Accruals and Deferred Income
3
Total Current Liabilities
Total Assets less Current Liabilities:
Total Assets less Total Liabilities:
Long Term Liabilities
Other Creditors
Total Assets less Total Liabilities:
Capital & Reserves
Reserves
P&L Account
-
-
-
-
316
4,888
(2,004)
2,884
45,927
20,782
66,709
69,593
69,909
(4,710)
(4,710)
65,199
65,199
-
65,199
-
8,863
8,863
Unrestricted
Funds
-
237,466
31,898
269,364
-
-
-
-
-
-
-
-
-
-
-
269,364
-
269,364
-
-
-
Restricted
Funds
Other
26,000
-
-
26,000
-
-
-
-
-
-
-
-
-
-
-
26,000
-
26,000
351,700
-
351,700
Total
2021
26,000
237,466
31,898
295,364
316
-
-
2,884
-
-
66,709
69,593
69,909
(4,710)
(4,710)
65,199
360,563
-
360,563
351,700
8,863
360,563
Total
2020
26,000
237,333
40,388
303,721
316
-
-
4,888
-
-
45,927
50,815
51,131
(3,151)
(3,151)
47,980
351,701
-
351,701
343,950
7,750
351,700

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees and authorised for issue on

Trustee(s)

4

Stourton, Cherington and Sutton-Under Brailes Village Hall

Notes forming part of the Financial Statements For the Year Ended 31st March 2021

1 Tangible fixed assets

Cost or valuation
Additions
Disposals

At 31 March 2021

Depreciation
Provision for year
Disposals

Depreciation At 31 March 2021

Grant Funding Net With Fixed Asset At 31 March 2021

Net book value
At 31 March 2021

At 1 April 2020
At 1 April 2020
At 1 April 2020
Fixtures,
fttings,
Land
Buildings
tools and
equipment
Total
£
£
£
£
26,000
777,398
57,113
860,511
-
133
666
799
-
-
-
-
_
_
_
_
26,000
777,531
57,779
861,310
_
_
_
_
-
-
(16,726)
(16,726)
-
-
(9,155)
(9,155)
-
-
-
-
_
_
_
_
-
-
(25,881)
(25,881)
_
_
_
_
-
540,065
-
540,065
_
_
_
_
26,000
237,466
31,898
295,364
_
_
_
_
26,000
237,333
40,387
303,720

Note - During 2021 no further monies were drawn down as National Lottery Grant Funding (2020: nil). As the hall is now complete and is being fully utilised for the purpose in which it was built, the creditor has been released and netted with the capital expenditure. Therefore now showing a net figure of £237,466 for the building (inc. additions) and £26,000 land.

Depreciation

Land and buildings are not depreciated. Depreciation on other assets is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. The estimated useful lives range as follows:

Land and Building - Nil Fixtures, fittings, tools and equipment (Kitchen and Stage) Fixtures, fittings, tools and equipment (Carpets, furniture, other)

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted retroprospectively if appropriate, if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised within Administrative expenses within the Profit and Loss Account.

2 Debtors: amounts falling due within one year

Debtors: amounts falling due within one year
Prepayments
Creditors: amounts falling due within one year
Accruals and deferred income
Total
Total
2021
2020
£
£
316
317
____
_
316
317
_
____
Total
Total
2021
2020
£
£
(4,710)
(3,152)
____
____
(4,710)
(3,152)

The deferred income is the cumulative amount drawndown from the National Lottery funding.

5

STOURTON, CHERINGTON AND SUTTON UNDER BRAILES VILLAGE HALL

CASH FLOW FORECAST

CASH AT BANK AT 31ST MARCH 2018
CURRENT ACCOUNTS 40178
DEPOSIT ACCOUNTS 27894
68072
MAJOR RECEIPTS BETWEEN 31/3/18 AND 31/5/18
FINAL GRANT FROM LOTTERY 26812
SUNDRY RENTAL INCOME 2000
LOTTERY MONEY 360
29172
MAJOR EXPENDITURE BETWEEN 31/3/18 AND 31/5/18
CONTRACTOR -25000
CONTRACTOR -9506
LOTTERY WINNERS -310
SOUND PROOFING HALL -3421
SUNDRY ITEMS -300
-38537
COSTS TO COMPLETE
CONTRACTOR AMOUNT WITHHELD FOR BI FOLD DOORS -10000
FINAL CONTRACTORS BILL -16000
MEZZANINE STAIRS AND FIRE ESCAPE -10000
BLINDS/SOUND PROOF FITTING -1000
GROUND LEVELLING/SEEDING -4000
RETENTION DUE TO CONTRACTOR JULY18 -9600
-50600
INCOME TO COME
TAX RECOVERY ON DONATIONS 2600
FORECAST CASH BALANCE 10707

Stourton, Cherlngton and Sutton-under Bralles Vlllage Hall Independent Audltor's Report For the Year Ended 315t March Z021 I have audited the financlal statements of Stourton, Chertn8ton and Sutton-under Brailes Village Hall forthe yearended 31 March 2021 vthich comprise the Proflt and L055 account, the Balance Sheet ènd notes to the financ1è1 statements. The fln3nclal reportlng framework that has been aP￿led In thelr preparatlon Is appllcable law and Unlted Kingdom AccDunting Standards, Including Financlal Reportln8 Standard 102 The Flnanclal Reportlng Standard appllcable In the UK aod Republlc of Ireland Iunlted Kln8dom Generally AC￿pted Accounting Practice). Thls report Is made so¢ely to the Trusiees, as 2 body, In accordance wlth 5ectlon 145 of the Charldes Act 2011 and regulatlons made under sectlon 154 of that Att. My audlt work has been undertaken so that I mlEht strte to the Charlty's TrusteÈs those matters l am requlre to state to them In an Audltors, Report and for no other purpose. To the fullest extent permltted by law, I do not acceptor assume re5POn51bllltyto anyone otherthan the Charlty's Trustees a5 4 bodyi for my audrt work, forthls report. or for the oplnlons I have fomied. Respectlve responslbllltles of Iwstees and audltor As explalned more fully In the Trustees Responslblllty Statement, the Trustees are responslble for the preparatlon of the flnanclal statements whlch 8lve true and fzlr vlew. I h8ve been appolnted as audltor under sectlon 145 of the Charldes Act 2011 and rewrt In accoidance ￿th the regUla￿onS made under sectlon 154 of that Art. My responslblllty Is to aLJ(Sit and express an opinlon on the financlal 5tatÈment5 in a¢¢ordan& wlth appllcable law and Intemational Stsndard5 on Auditlng IUK #nd lTrlandl. Those standards requlre me to comFly with the Audltlng Practlce5 Board's Ethl£al Standards forAudltors. Scope of the audlt ol the flnancial Statements A dÈstrlptlon Of the scope of an audlt of financial statements 15 prO￿ded on the Flnanclal Reportlng Coun£il'5 website at www.fre.orE.uklauditscopeukprivate. Oplnlon w Ilnanclal statements In my oplnlon the financlal 5tstementS'. Glve a true and falr view of the state of the Charlty's affalrs as at 31 March 2021, and of the Incomlng resources and appllcatlon of resources. for the year then ended,. Have beerTr properly prepared In a¢¢ordancÈ wlth Unlted Klngdom Generally Accepted Atcounyng Practlte èppllcable to SmallÈr Have been prepared In accordance ￿￿th the requlrements of the charl￿eS Act 2011 Matters on whlch l am requlred to report by exceptlon I have nothlng to report lfi respectof the followlng m*ters where the Charltles Act 2011 requlres me to report to you If. In my oplnlon.. The Informatlon ENen in the Tru5tee5' Annuol Report Is In¢onslstÈnt In any materlal respect with thefinonoal ststernents.. or 5uffSclent accountlng record5 have not been kept. or The flnanclal statements are not in agreement ￿th the a¢¢ountlng ￿CordS and returns,. or I have not recelved all the InfoTmatlon and expl4natlon51 requlre for rny audit. Phll Partrldge Chartered Attountant CIMA.. 1-3QC OOX Date.. )LL