## PONTHIR VILLAGE HALL
Financial Statements
## **Period of accounts**
**Start date:** 01 April 2020 **End date:** 31 March 2021
PONTHIR VILLAGE HALL Contents Page For the year ended 31 March 2021
|Accountants' report|3|
|---|---|
|Client Approval Certificate|4|
|Balance sheet|5|
|Notes to the financial statements|6|
|Detailed profit and loss|9|
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PONTHIR VILLAGE HALL Accountants' Report For the year ended 31 March 2021
## **Independent examiner's report to the Trustees of Ponthir Village Hall**
I report on the accounts for the Charity for the year ended 31st March 2021, which are set out on pages 5-9.
## **Respective responsibilities of trustees and examiner**
The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- to follow procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with the general Directions given by the Charity Commission. 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 seeks explanations from the Trustees concerning 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; the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
1. which gives me reasonable cause to believe that in any material respect the requirements a) to keep accounting records in accordance with section 130 of the 2011 Act; and
- b) to prepare accounts which in accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met.
2. to which, in my opinion, attention should be drawn in order to enable proper understanding of the accounts to be reached.
....................................................
David James FCCA 2 Cypress Close Caerleon Newport Gwent NP13 1DL 02 October 2021
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## PONTHIR VILLAGE HALL Trustee Approval Certificate For the year ended 31 March 2021
We confirm that all relevant records and information have been made available in their preparation. The financial statements were approved by the trustees and signed by a member of the trustees.
....................................................
## 02 October 2021
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## PONTHIR VILLAGE HALL Balance Sheet As at 31 March 2021
|**Notes**
**Fixed assets**
Tangible fixed assets
2
**Current assets**
Stocks
3
Debtors
4
Cash at bank and in hand
**Creditors: amount falling due within one year**
5
**Net current assets**
**Total assets less current liabilities**
**Net assets**
**Capital Account**
Unrestricted funds
Net profit/loss
Restricted Funds|**2021**
**£**
2,092
**2,092**
684
1,222
55,088
**56,994**
(2,292)
**54,702**
56,794
**56,794**
19,931
15,202
21,661
**56,794**|**2020**
**£**
991|
|---|---|---|
|||**991**
2,012
884
43,033|
|||**45,929**
(5,328)|
|||**40,601**|
|||41,592|
|||**41,592**|
|||28,162
(8,231)
21,661|
|||**41,592**|
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## PONTHIR VILLAGE HALL Notes to the Financial Statements
For the year ended 31 March 2021
## **1. Accounting basis**
## **Significant accounting policies**
## **Basis of preparation**
The financial statements have been prepared under the historical cost convention modified to include the revaluation of certain fixed assets in accordance with the Accounting and
Reporting by Charities - Statement of Recommended Practice (SORP 2005) and with the
Financial Reporting Standards for Smaller Enterprises (FRSSE).
## **Cashflow Statement**
The members of the committee have taken advantage of the exemption in Financial
Reporting Standard No 1 (Revised 1996) from including a cash flow statement in the financial statements on the grounds that the club is small.
## **Turnover**
Turnover represents monies received (excluding value added tax) from bar sales and other
activities.
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
## **Tangible fixed assets**
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance Fixtures and Fittings 10% Reducing Balance
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## PONTHIR VILLAGE HALL Notes to the Financial Statements For the year ended 31 March 2021
## **2. Tangible fixed assets**
|**Cost**
At 01 April 2020
Additions
Disposals
At 31 March 2021
**Depreciation**
At 01 April 2020
Charge for year
On disposals
At 31 March 2021
**Net book values**
At 31 March 2021
At 31 March 2020|Plant and
Machinery
**£**
2,614
1,240
-
**3,854**
2,352
66
-
**2,418**
**1,436**
**262**|Fixtures
and Fittings
**£**
1,522
-
-
**1,522**
793
73
-
**866**
**656**
**729**|**Total**
**£**
4,136
1,240
-|
|---|---|---|---|
||||**5,376**|
||||3,145
139
-|
||||**3,284**|
||||**2,092**|
||||**991**|
## **3. Stocks**
|Stocks
**Debtors: amounts falling due within one year**
Trade Debtors|**2021**
**£**
684
**684**
**2021**
**£**
1,222
**1,222**|**2020**
**£**
2,012
**2,012**
**2020**
**£**
884
**884**|
|---|---|---|
## **4. Debtors: amounts falling due within one year**
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## PONTHIR VILLAGE HALL Notes to the Financial Statements
## For the year ended 31 March 2021
## **5. Creditors: amount falling due within one year**
|**Creditors: amount falling due within one year**|||
|---|---|---|
|Trade Creditors
PAYE & Social Security
Accruals
Other Creditors
Pension Creditor
Net wages creditor|**2021**
**£**
-
-
-
552
-
1,740
**2,292**|**2020**
**£**
2,962
140
1,521
640
65
-|
|||**5,328**|
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## PONTHIR VILLAGE HALL Detailed Profit and Loss Account For the year ended 31 March 2021
|**Turnover**
Hall Takings
Bar Takings
**Cost of sales**
Opening Stock
Bar Purchases
Closing Stock
Gross profit
**Interest income**
Interest Receivable and Other Income
**Other business income**
Government Grants
**Administrative expenses**
Wages & Salaries
Pension Contributions
Accountancy Fees
Rates
Light & Heat
Depreciation Charge: Plant & Machinery
Depreciation Charge: Fixtures & Fittings
Insurance
Repairs & Renewals
Printing, Stationery and Postage
Telephone & Internet
Sundry Expenses
Licenses and Subscriptions
**Net Profit/(Loss)**|2,012
748
(684)|**2021**
**£**
5,229
138
**5,367**
(2,076)
**3,291**
7
47,614
(35,710)
**15,202**|
2,174
9,449
(2,012)|**2020**
**£**
20,879
26,753|
|---|---|---|---|---|
|||||**47,632**
(9,611)|
||7||
14||
|||||**38,021**
14
-
(46,266)|
||47,614||
-||
||22,451
328
1,200
652
1,904
66
73
995
7,024
245
713
59
-||
29,315
339
1,521
1,781
3,557
87
81
982
6,748
511
751
305
288||
||||||
|||||**(8,231)**|
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