mailes Goldie CHARTERED ACCOUNTANTS Chaty numter: 523224 The Beverley War Memorial Hall Trust Financial Statements 31 March 2024 SO-0216088.1-6 CHARTERED ACCOUNTANTS
The Beverley War Memorial Hall Trust Report and Financial Statements for the yew ended 31st March 2024 Contents Po9è Trustees and advis8 Reptyt of the InJstee8 Chaiman's rewt Management report Independent examinerfs report Statement of finaneSal aclivilie8 8818nce She81 Notes lo the financial Statements 8-11
The Beverley War Memorial Hall Trust Report of the Trustees for lh8 year ended 31st March 2024 Oblectlv•$ and Acllvltles The oblecllve of the Charity is to promote the benefit of Ihe inhabitants of Beverley and the surrounding areas. by providing a facility for public use and lo facilitate the operations of charities and organisations, through the hiring of a public space and ils associated amenities. Such amenities indude a bar, a kitchen, meeting rooms. a Stage with lights and sound available, as well as a large hall. Achlovemonts and Porfomiance During the year. users of the hall have induded Beverley Leisure Group, Beverley U3A Group, Beverley Communlly Church, Yoga, Clubber¢Sse, Discos and Concerts, as well as making th& hall available for private hire. Flnanclal Revlew Review During th{$ perlod Income of £ 110.416 was rècèivable. The nel movement in funds in the period, as shown In the statement of fln8ncial 8clivities. amounted to an increase of £ 5,841. R•80N?8 poIIcy The charlty ha$ reserve8 d8fined a8 unreslricled funds of £11,386 and desSgnaled funds of £95.804 al 31sl March 2024 The designaled fund 1$ the Major Redevdopment Fund, the purpose of lch is to ensure funds are separately available for imkYov&ment and refurbishment of the War Memorial Hall used by the charlly. It Is the charity's policy lo relaln sufficient funds lo CltInUe th8 oblectlves as set out In this report. Th18 requires sufficient reserves lo be retslne(1. The Hall is a going concern and will contlnue to operate during the financial year 2024125. The emphasi8 wi11 be on finding new Iru31ees as a result of the sIgnation of the chalr of Iruslee5 during th8 year. Tru8tses The ch8rlty'$ trustees who have served throughout the year, a Shown on pag8 1. The power of appoinllng new trustees shall be exercisable by Ihe Iru8tees. Publ1¢ Bon¢fit The objeclivas an¢Y a¢Xlvllles of the Charity are set out above. In provldSng actlvilles in the community, the trustees believe that the activltles were undertaken for the public benefit and in terms of identification and benefit lo the public, or section of the publi¢, wilhoul unreaSOnae restrictions. The trustees confirm that they have complied wlh the duty in section 17{51 of the Charilies Acl 2011 to have due regard to public benefit guidance published by the Charity Comrnission.
The Beverley War Memorial Hall Trust Management Report far the year ended 31sl MgrGh 2024 Managgm•nt Report It has been a good year for u5, our regular users continue with their support. RunnirvJ cost have again risen especially the Fud and Insurance prus again increasing dramaticalty. We did have lo raise our rates for hire slightly to try and meet these costs. We agaln managed lo get bookings for local Consultarw companies for the Wind Farm devdopments in the area. this is very profitable. We have also had several large parties ané Oance groups, which have kept us going. along wilh our usual dienls. Theatre groups are back lo normal, the Panto was very successful once agaln. We hosted a Queen event for 2 evenings thich was a sell out and have rebooked for 4 nights next year. BCking$ have Increased and hopefully next year wlll agaln prove profitable for us. We hav& again managed to malntaln our usual high level of 8ervlce and safe practice. Thanks, must go to my Assistant and Caretakers for Iheir help and patience during thes8 very difficull times. A. Bedford Manager Date..
The Beverley War Memorial Hall Trust Independent Examiners Report for the year ended 31st March 2024 Do$ignat•d Unrestrlct¢d fvnd fund Totsl 2024 Total 2023 Not• Incomlng r•sourc8s from generated fund$'. Hire Charges ReLeivable Government Grants Receivable Bar and Catering Income Olhw income Inlwesl Receivable 59,077 20,000 30,105 16 59,077 20,000 30,105 16 1,218 46,887 20.000 17,984 1,218 313 1,218 109,198 110,416 85,184 Rour¢ oxpwdod: Charftabl• •xpondlturo: Charita0 aclivilies 104,575 104,575 96.922 104,575 104,575 96,922 N•t In¢omlngl{outgolng) ro8our¢o• 1,218 4,623 5,841 {11,739) Balanc•• brought folwa at 18t Aprll 2023 6,763 101,349 113,088 Balances carrled forward at 318t March 2024 95,804 11,386 107,190 101,349
The Beverley War Memorial Hall Trust Balance Sheet for t1 y8ar ended 31st March 2024 Accountlng policies Basls of preparing tho finCial ststom•nts The financial statements of th8 charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Ac¢ounling and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} leffeclive 1 January 2015),. Financial Reporting Standard 102 'The Financial Reporting Standar applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial statements have been prepared under the historical cost Conventic . Income All income is recognised in the Statement of Financial Activities once the charity has enlillemenl to the funds, it 1$ probable that the income will be received and the amount Can be measured reliably. Exp•nditurn Liabilities are recognised as expenditure as soon as there 1$ a leg81 or constructiv8 obligation committing the charity lo that expenditure, il is probab18 that a transfer of economic benefits will be required in gelllomenl and the amount of the obligation can be measured reliably. Expenditure 18 aGGounleé for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Wher& costs cannot be directly allribuled lo particular headings, they have been allocated lo activitie5 On a basis consistent with the use of resources. Tanglble flx•d a•J•t• Depreciallon Ss provided on all tangible fixed assets. at rates calculated lo write off the cost, less estimated residual value, of each asset on a syslemalic basis ov6r its expected us8ful Ilfe as follows.. Plant and machinery 20% reducing balance Stock Stocks are stated at the lower d cost and estlmaled selllng price legs costs to complete and Sell. Cost includes all costs of purchase, costs of conversion and other co8t8 incurred In bringing stock lo its present location and condition. Cost is calculated using the fir¥t-in, first-out fomiula. Provislon Is made for damaged, obsolete and slow-moving stock where approprl8te. Debtors and Gr•dllors reIvabl• I payable wlthln one year Debtors and credilijrs wth no staled interest rate and receivable or payable wthin one year are recorded al transaction price. Any losses arising from impairment are recognised in expenditure. Taxatlon The trust is a U.K. registed charity number 523224. All the trust's income Is appl lo Ils charitable obj&tives and the trust is. therefore, exempl under current legislation from most forms of taxation. Value added lax is not reeover8ble by the Iru9t and is therefore charged lo the statent of financb activities or balance sheet as incurred.
The Beverley War Memorial Hall Trust Balance Sheet th8 y8ar gnded 31st Marth 2024 Staff costs 2024 2023 W8ges Sodal Serity Pension contribulk)n8 61,588 167 2,795 59,149 924 2,878 64,550 62,951 There were no employees who88 beneff Is (excludlng employer penslon o%ts) exceeded £60,000. The average number of trnployees during the year wa8 3 (2023.. 3>. Tanglble tlxed a•sots FUMIr* and oqulpm•nt Co•t: At 31 March 2023 and al 31 March 2024 2,680 AGcumul•t•d dopr•c4Jtlon: At 31 March 2023 Charge for the year 2,562 24 Al 31 March 2023 2,586 N•1 book valu•: At 31 March 2024 At 31 March 2023 118 Caah on d•po•lt and at bank 2024 2023 8uilding sorieties Bank 95,804 10,049 5,679 105,853 1(Xi,265 10