2023-04-01-accounts - Linton On Wharfe Memorial Hall

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

REGISTERED CHARITY NUMBER: 523838

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Linton-on-Wharfe Memorial Hall

Aysgarth Chartered Accountants
Pickering House
40A York Place
Leeds
LS1 2ED

Linton-on-Wharfe Memorial Hall

Contents of the Financial Statements for the Year Ended 31 March 2023

	`Page`
`Report of the Trustees`	`1 to 3`
`Independent Examiner's Report`	`4`
`Statement of Financial Activities`	`5`
`Balance Sheet`	`6`
`Notes to the Financial Statements`	`7 to 11`
`Detailed Statement of Financial Activities`	`12`

Linton-on-Wharfe Memorial Hall

Report of the Trustees for the Year Ended 31 March 2023

Thetrusteespresenttheirreportwiththefinancialstatementsof thecharityfortheyearended31 March2023. The
trusteeshave adoptedthe provisionsof Accountingand Reportingby Charities:Statementof Recommended Practice
applicableto charitiespreparingtheiraccountsin accordancewiththe FinancialReportingStandardapplicablein the
UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

`OBJECTIVES AND ACTIVITIES`

`Objectives and aims`

Theobjectsofthecharityaretheprovisionandmaintenanceofavillagehallforusebyinhabitantsofthe area
without distinction of political, religious or other opinions, including use for:

a)  meetings, lectures and classes, and

b)  other forms of recreation and leisure-time occupation.

All this is done with the object of improving the conditions of life for the inhabitants of the area.

`Public benefit`

The charitytrusteeshave compliedwith theirdutyto have due regardto the guidanceon publicbenefitpublished by
the Charity Commission in exercising their powers or duties.

`ACHIEVEMENT AND PERFORMANCE`

`Charitable activities`

DuringtheyearthetrusteeshavecontinuedtomaketheprovisionoftheMemorialHallanimportantassetto the
village and community of Linton.

`FINANCIAL REVIEW`

`Financial position`

Thetrusteesconsiderthattheperformanceof thecharity,duringtheyear,hasbeenreasonable.Thisyearthere was
a smallsurplusof£2,006,lastyearafterincurringcostsof£19,284onrepairstodampareasofthehall,therewas a
deficit of £4,409.

Rentalincomecontinuedtoincrease,thisyearitwas£25,097,upfrom£23,126.Therewerenograntsthisyear, last
year grants totalled £8,000. Overall income therefore decreased by £5,891 to £25,382.

Expenses of £23,376 (2022: £35,682) were incurred during the year.

`Investment policy and objectives`

The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity.

`Reserves policy`

All reserves at the year end were unrestricted.

Thetrusteescontinuetoconsideritprudenttoretainsufficientreservestocoveratleast12monthsof routine
maintenanceandoverheadexpenditure,approximately£20k.Thehall,however,isover50yearsoldandeven after
the refurbishmentthe trusteesfeelthata continuedprovisionshouldbe madeto dealwithfuturemajorrepairs. The
trusteesexpectationisthatthecurrentreservesof£78kareonlyadequatetocoverroutinerenewals,especially as
liquid assets are less than £50k.

`FUTURE PLANS`

The trustees intend to continue to incur expenditure on the long term maintenance and improvement of the hall.

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Governing document`

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Page 1

Linton-on-Wharfe Memorial Hall

Report of the Trustees for the Year Ended 31 March 2023

`STRUCTURE, GOVERNANCE AND MANAGEMENT`

`Recruitment and appointment of new trustees`

Except where noted the trustees have served throughout the year.

Appointmentof trusteesis governedby the constitutionof the charity.The Board of Trusteesis authorisedto  appoint
new trustees to fill vacancies arising through termination, resignation or death of an existing trustee.

Thetrusteescommitteeconsistsofthemanagingtrusteesofthecharityandcomprises12elected members.
Howeveratpresentthereareonly8membersbutactionsarebeingtakentoappointadditionaltrustees. Members
are elected at the annual general meeting.

`Organisational structure`

Thecommitteemustholdatleastthreeordinarymeetingsineachyear.Ordinarymeetingsrequireatleast fourteen
daysnotice.TheChairman,or anytwo members,may callan ordinarymeetingat anytime.Thecommitteemeets to
considerthefinancialandoperationalsituationof theHall.No businessmay be transactedat a meetingunless there
is at least one third of the total members present.

`Induction and training of new trustees`

On joiningthe managementcommittee,new trusteesare providedwith an informationpack of documentsrelating to
the constitutionand operationof the charityand attendinductiontalks with officers,to becomefamiliarisedwith key
aspects of the charity's operations.

`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`

`Principal address`

Linton Memorial Hall
Linton Lane
Linton
Wetherby
LS22 4HL

`Trustees`

Mrs S G Phillipson
Mr S Baxter
Mr S Ballantyne
Mrs J Matthews
Mr A Phillipson
Mrs P Crampton
Mrs S Lawrenson
Mr M Lipinski

`Independent Examiner`

Simon Young FCA
Aysgarth Chartered Accountants
Pickering House
40A York Place
Leeds
LS1 2ED

Page 2

Linton-on-Wharfe Memorial Hall

Report of the Trustees for the Year Ended 31 March 2023

`REFERENCE AND ADMINISTRATIVE DETAILS`

Bankers
HSBC
7 Prospect Crescent
Harrogate
HG1 1RN

Cambridge and Counties Bank
Charmwood Court
5B New Walk
Leicester
LE1 6TE

Approved by order of the board of trustees on 23 January 2024 and signed on its behalf by:

Mr S Baxter - Trustee

Page 3

Independent Examiner's Report to the Trustees of Linton-on-Wharfe Memorial Hall

`Independent examiner's report to the trustees of Linton-on-Wharfe Memorial Hall`

I reportto thecharitytrusteeson my examinationof theaccountsof Linton-on-WharfeMemorialHall(theTrust) for
the year ended 31 March 2023.

`Responsibilities and basis of report`

AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').

I reportin respectof my examinationof the Trust'saccountscarriedout underSection145of the Act andin carrying
out my examinationI have followedall applicableDirectionsgiven by the CharityCommissionunderSection 145(5)(b)
of the Act.

`Independent examiner's statement`

I havecompletedmy examination.I confirmthatnomaterialmattershavecometo my attentioninconnection with
the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

2. the accounts do not accord with those records; or

3. the accounts do 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.

Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Simon Young FCA

Aysgarth Chartered Accountants
Pickering House
40A York Place
Leeds
LS1 2ED

23 January 2024

Page 4

Linton-on-Wharfe Memorial Hall

Statement of Financial Activities for the Year Ended 31 March 2023

				`31/3/23`	`31/3/22`
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	`Notes`	`£`	`£`	`£`	`£`
`INCOME AND ENDOWMENTS FROM`
`Donations, grants and legacies`	`2`	`-`	`-`	`-`	`8,000`
`Other trading activities`	`3`	`25,097`	`-`	`25,097`	`23,126`
`Investment income`	`4`	`285`	`-`	`285`	`147`
`Total`		`25,382`	`-`	`25,382`	`31,273`
`EXPENDITURE ON`
`Charitable activities`
`Provision of village hall`		`23,376`	`-`	`23,376`	`35,682`
`NET INCOME/(EXPENDITURE)`		`2,006`	`-`	`2,006`	`(4,409)`
`RECONCILIATION OF FUNDS`
`Total funds brought forward`		`75,837`	`-`	`75,837`	`80,246`
`TOTAL FUNDS CARRIED FORWARD`		`77,843`	`-`	`77,843`	`75,837`

The notes form part of these financial statements

Page 5

Linton-on-Wharfe Memorial Hall

Balance Sheet 31 March 2023

Unrestricted fund `Notes` `£` `FIXED ASSETS` `Tangible assets` `7` `35,236` `CURRENT ASSETS` `Debtors` `8` `2,729` `Cash at bank` `46,208` `48,937` `CREDITORS` `Amounts falling due within one year` `9` `(6,330)` `NET CURRENT ASSETS` `42,607` `TOTAL ASSETS LESS CURRENT LIABILITIES` `77,843` `NET ASSETS` `77,843` `FUNDS` `10` `Unrestricted funds` `TOTAL FUNDS`	Restricted funds `£` `-` `-` `-` `-` `-` `-` `-` `-`	`31/3/23` Total funds `£` `35,236` `2,729` `46,208` `48,937` `(6,330)` `42,607` `77,843` `77,843` `77,843` `77,843`	`31/3/22` Total funds `£` `35,236` `2,798` `42,568` `45,366` `(4,765)` `40,601` `75,837` `75,837` `75,837` `75,837`

ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon23January2024 and
were signed on its behalf by:

Mr S Baxter - Trustee

Mr M Lipinski - Trustee

The notes form part of these financial statements

Page 6

Linton-on-Wharfe Memorial Hall

Notes to the Financial Statements for the Year Ended 31 March 2023

`1. ACCOUNTING POLICIES`

`Basis of preparing the financial statements`

Thefinancialstatementsof thecharity,whichis a publicbenefitentityunderFRS 102,havebeenprepared in
accordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublicofIreland' and
the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

The accountshave been preparedon the goingconcernbasis,as there are no materialuncertaintiesabout the
charity'sabilitytocontinue.Basedontheadequacyofthecharity'sreservesasatthebalancesheet date,
alongwiththeirknowledgeof the charity'sabilityto meetbills,paymentsand otherliabilitiesas theyfall  due,
the trusteeshave a reasonableexpectationthat the charityhas sufficientresourcesto continuein  operational
existence for the foreseeable future.

`Financial reporting standard 102 - reduced disclosure exemptions`

Thecharityhastakenadvantageofthefollowingdisclosureexemptionsinpreparingthese financial
statements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland':

the requirements of Section 7 Statement of Cash Flows.

`Income`

All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhas entitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.

`Expenditure`

Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforon an accruals basis
and has beenclassifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesona basisconsistentwith the
use of resources.

`Tangible fixed assets`

Depreciationis providedat the followingannualrates in order to write off each asset over its estimated useful
life.

Fixtures and fittings- 10% on cost

All tangible fixed assets are recorded at cost, being purchase price less accumulated depreciation.

Thevillagehallisnotbeingdepreciatedas,intheopinionofthetrustees,itisbeingconstantlyrepaired and
maintained.Thecurrentmarketvalueofthehallandlandwouldbewellinexcessoftherecorded historical
cost.

`Taxation`

The charity is exempt from tax on its charitable activities.

`Fund accounting`

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Page 7

continued...

Linton-on-Wharfe Memorial Hall

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

`1. ACCOUNTING POLICIES - continued`

`Fund accounting`

Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.

`2. DONATIONS, GRANTS AND LEGACIES`

		`31/3/23`	`31/3/22`
		`£`	`£`
	`Grants`	`-`	`8,000`
	`Grants received, included in the above, are as follows:`
		`31/3/23`	`31/3/22`
		`£`	`£`
	`Leeds City Council`	`-`	`8,000`
`3.`	`OTHER TRADING ACTIVITIES`
		`31/3/23`	`31/3/22`
		`£`	`£`
	`Hire of hall`	`25,097`	`23,126`
`4.`	`INVESTMENT INCOME`
		`31/3/23`	`31/3/22`
		`£`	`£`
	`Deposit account interest`	`285`	`147`

`5. TRUSTEES' REMUNERATION AND BENEFITS`

Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2023norforthe year
ended 31 March 2022.

`Trustees' expenses`

Therewerenotrustees'expensespaidfortheyearended31March2023norfortheyear ended
31 March 2022.

`6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 2022 FIGURES`

Unrestricted Restricted fund funds `£` `£` `INCOME AND ENDOWMENTS FROM` `Donations, grants and legacies` `8,000` `-` `Other trading activities` `23,126` `-` `Investment income` `147` `-` `Total` `31,273` `-`	Total funds `£` `8,000` `23,126` `147`
	`31,273`

`EXPENDITURE ON`

Page 8

continued...

Linton-on-Wharfe Memorial Hall

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

`6.`	`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 2022 FIGURES - continued`	`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 2022 FIGURES - continued`	`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - 2022 FIGURES - continued`
		Unrestricted	Restricted	Total
		fund	funds	funds
		`£`	`£`	`£`
	`Charitable activities`
	`Provision of village hall`	`35,682`	`-`	`35,682`
	`NET INCOME/(EXPENDITURE)`	`(4,409)`	`-`	`(4,409)`
	`RECONCILIATION OF FUNDS`
	`Total funds brought forward`	`80,246`	`-`	`80,246`
	`TOTAL FUNDS CARRIED FORWARD`	`75,837`	`-`	`75,837`
`7.`	`TANGIBLE FIXED ASSETS`
			Fixtures
		Freehold	and
		property	fittings	Totals
		`£`	`£`	`£`
	`COST`
	`At 1 April 2022 and 31 March 2023`	`35,236`	`3,359`	`38,595`
	`DEPRECIATION`
	`At 1 April 2022 and 31 March 2023`	`-`	`3,359`	`3,359`
	`NET BOOK VALUE`
	`At 31 March 2023`	`35,236`	`-`	`35,236`
	`At 31 March 2022`	`35,236`	`-`	`35,236`
`8.`	`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`
			`31/3/23`	`31/3/22`
			`£`	`£`
	`Trade debtors`		`-`	`2,241`
	`Prepayments and accrued income`		`2,729`	`557`
			`2,729`	`2,798`

Page 9

continued...

Linton-on-Wharfe Memorial Hall

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

`9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`

	`31/3/23`	`31/3/22`
	`£`	`£`
`Other creditors`	`6,330`	`4,765`

`10. MOVEMENT IN FUNDS`

`MOVEMENT IN FUNDS`
		Net
		movement	At
	At 1/4/22	in funds	31/3/23
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`75,837`	`2,006`	`77,843`
`TOTAL FUNDS`	`75,837`	`2,006`	`77,843`
`Net movement in funds, included in the above are as follows:`
	Incoming	Resources	Movement
	resources	expended	in funds
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`25,382`	`(23,376)`	`2,006`
`TOTAL FUNDS`	`25,382`	`(23,376)`	`2,006`
`Comparatives for movement in funds`
		Net
		movement	At
	At 1/4/21	in funds	31/3/22
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`80,246`	`(4,409)`	`75,837`
`TOTAL FUNDS`	`80,246`	`(4,409)`	`75,837`

Comparative net movement in funds, included in the above are as follows:

	Incoming	Resources	Movement
	resources	expended	in funds
	`£`	`£`	`£`
`Unrestricted funds`
`General fund`	`31,273`	`(35,682)`	`(4,409)`
`TOTAL FUNDS`	`31,273`	`(35,682)`	`(4,409)`

Page 10

continued...

Linton-on-Wharfe Memorial Hall

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

`11. RELATED PARTY DISCLOSURES`

There were no related party transactions for the year ended 31 March 2023.

Page 11

Linton-on-Wharfe Memorial Hall

Detailed Statement of Financial Activities for the Year Ended 31 March 2023

Detailed Statement of Financial Activities for the Year Ended 31 March 2023
	`31/3/23`	`31/3/22`
	£	£
`INCOME AND ENDOWMENTS`
`Donations, grants and legacies`
`Grants`	`-`	`8,000`
`Other trading activities`
`Hire of hall`	`25,097`	`23,126`
`Investment income`
`Deposit account interest`	`285`	`147`
`Total incoming resources`	`25,382`	`31,273`
`EXPENDITURE`
`Charitable activities`
`Rates and utilities`	`4,419`	`2,359`
`Insurance`	`1,627`	`1,591`
`Postage, telephone & sundries`	`709`	`1,250`
`Ground maintenance`	`615`	`599`
`Repairs and maintenance`	`10,491`	`6,763`
`Lease agreement costs`	`1,200`	`-`
`Bookings administration`	`3,600`	`3,360`
`Chair store works`	`-`	`(220)`
`Damp repair works`	`-`	`19,284`
	`22,661`	`34,986`
`Support costs`
`Governance costs`
`Accountancy and legal fees`	`715`	`696`
`Total resources expended`	`23,376`	`35,682`
`Net income/(expenditure)`	`2,006`	`(4,409)`

This page does not form part of the statutory financial statements

Page 12