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2022-03-31-accounts

Stourton, Cherington and Sutton-Under Brailes Village Hall

Report and Financial Statements

Year Ended

31st March 2022

Charity Number 523029

Stourton, Cherington and Sutton-Under Brailes Village Hall

Trustees' Report

For the Year Ended 31st March 2022

The Trustees present their report together with the audited financial statements for the year ended 31st March 2022.

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 trustees' 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 24th January 2023 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 2022

I have audited the financial statements of Stourton, Cherington and Sutton-Under Brailes Village Hall for the year ended 31 March 2022 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: 31st January 2023

2

Stourton, Cherington and Sutton-Under Brailes Village Hall

Income Statement For the Year Ended 31st March 2022

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
10,220
8
22,475
3,619
3,765
40,087
2,095
-
16,802
18,897
21,190
9,155
12,035		 Restricted Funds
-
-
-
-
-
-
-
-
-
-
-
-
-		 Other
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2022
10,220
8
22,475
3,619
3,765
40,087
2,095
-
16,802
18,897
21,190
9,155
12,035		 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

3

Stourton, Cherington and Sutton-Under Brailes Village Hall

Statement of Assets and Liabilities For the Year Ended 31st March 2022

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		 -
-
-
-
329
2,884

2,064
4,948
66,709

19,313
86,022
90,970
91,299
(4,911)
(4,911)
86,388
86,388
-
86,388
-
12,035
12,035
Unrestricted
Funds		 -
237,466
22,744
260,210
-
-
-
-
-
-
-
-
-
-
-
260,210
-
260,210
-
-
-
Restricted
Funds		 Other
26,000
-
-
26,000
-
-
-
-
-
-
-
-
-
-
-
26,000
-
26,000
360,563
-
360,563		 Total
2022
26,000
237,466
22,744
286,210
329
-
-
4,948
-
-
86,022
90,970
91,299
(4,911)
(4,911)
86,388
372,598
-
372,598
360,563
12,035
372,598		 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

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 24 January 2023

Trustee(s)

4

Stourton, Cherington and Sutton-Under Brailes Village Hall

Notes forming part of the Financial Statements

For the Year Ended 31st March 2022

1 Tangible fixed assets

Cost or valuation
At 1 April 2021
Additions
Disposals
At 31 March 2022
Depreciation
At 1 April 2021
Provision for year
Disposals
Depreciation At 31 March 2022
Grant Funding Net With Fixed Asset At 31 March 2022
Net book value
At 31 March 2022
At 1 April 2021		 Land
£
26,000
-
-
_
26,000
_
-
-
-
_
-
_
-
_
26,000
_
26,000
 Buildings
£
777,531
-
-
_
777,531
_
-
-
-
_
-
_
540,065
_
237,466
_
237,466
 Fixtures,
fittings,
tools and
equipment
Total
£
£
57,779
861,310
-
-
-
-
_
_
57,779
861,310
_
_
(25,880)
(25,880)
(9,155)
(9,155)
-
-
_
_
(35,035)
(35,035)
_
_
-
540,065
_
_
22,744
286,210
_
_
31,898
295,364

Note - During 2022 no further monies were drawn down as National Lottery Grant Funding (2021: 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) - 10 years Fixtures, fittings, tools and equipment (Carpets, furniture, other) - 5 years

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

2
Debtors: amounts falling due within one year
Prepayments
3
Creditors: amounts falling due within one year
Accruals and deferred income		 Total
Total
2022
2021
£
£
329
316
____
_
329
316
_
____
Total
Total
2022
2021
£
£
(4,911)
(4,710)
____
____
(4,911)
(4,710)

The deferred income is the cumulative amount drawndown from the National Lottery funding.5