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1MARNHULL-Charities report - 2021 Amended
Filename:
Accounts.PDF
Client of: Probusiness
Signature Details
Name: Rob Norton
Email: treasurer@marnhullvillagehall.org.uk
Date & Time: 20/09/2021 09:04:34 (BST)
IP Address: 146.199.65.142
Rob Norton confirms that the information is correct and
Signing Statement:
complete to the best of their knowledge and belief.
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REGISTERED CHARITY NUMBER: 810142
Report of the Trustees and
Unaudited Financial Statements
for the Year Ended 30 June 2021
for
Marnhull Village Hall
Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
Marnhull Village Hall
Contents of the Financial Statements for the Year Ended 30 June 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 to 12 |
Marnhull Village Hall
Report of the Trustees for the Year Ended 30 June 2021
The trustees present their report with the financial statements of the charity for the year ended 30 June 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity aims to provide meeting facilities in the Village Hall for the local community for social, creative, educative and health related/sporting activities. To that end the hall and sporting pavilion is available to be booked throughout the week and at weekends at rates published on the website.
Significant activities
The Village Hall was closed to the public for eleven months of the financial year. This was attributable to two factors. The first and most significant was the closure of the hall as a consequence of Coronavirus Covid-19 measures restrictions, placed on the Trustees by National Government. There were three lockdown edicts which meant that the hall remained closed during the period July 2020 to May 2021. The second significant factor was the 'New Build' project which ran alongside the lockdown. The contractors, Calcott Construction, made every effort to make the Hall available, but there were short periods of time when this was not possible.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The 'New Build' has allowed the Charity to continue to be at the centre of Marnhull community activities. The building has been refurbished and extended, and now provides an even better experience for all groups to meet and engage in a wide variety of activities.
The Trustees are indebted to all those who have contributed towards the reshaping of the Marnhull Village Hall by providing generous donations to ensure the project can be realised. Equally important has been the leadership provided by former Trustee, John Dowsett, who ensured that the project was completed within budget and as planned.
Fundraising activities
The income stream from lettings collapsed during the year as a result of Covid-19 restrictions and lockdowns. Bookings resumed in May 2021 after fourteen months of no income. Booking income in June was approximately one third of the income generated in the last pre-pandemic year.
The one saving financial grace was the very generous support grant provided by local government in the previous financial year of £10,000, and £17,000 in the financial year this report alludes to. The Trustees anticipate that it will be some time before our current income stream reaches a break-even point, so the grants provided have ensured that the Hall can continue to operate with a strong degree of financial certainty.
The Trustees are grateful for all the work that the Fund-Raising Committee has put in, raising considerable amounts of money in a very difficult year.
FINANCIAL REVIEW
Financial position
The Trustees are currently managing the redevelopment of the Village Hall. The project is due to come in largely on budget, and has allowed for further developments in landscaping the exterior of the hall. There will be no drawing down on current account reserves which will allow the Village Hall to operate with a modest surplus to deal with unforeseen circumstances when the extension has been completed and Covid-19 restrictions have been lifted.
Page 1
Marnhull Village Hall
Report of the Trustees for the Year Ended 30 June 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
810142
Principal address
Burton Street Marnhull Sturminster Newton DT10 1PP
Trustees
R W Norton G Renwick J Dowsett (resigned 31.5.21) Mrs J McErlain D Bruce D Finch P McErlain C Gassmann A Loukes I Pentland (resigned 3.8.20) S D Northcott (appointed 1.2.21) V Cooper - Hammond (appointed 24.11.20)
Independent Examiner
Martin Bowe Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
................................................................. Trustee
Page 2
Independent Examiner's Report to the Trustees of Marnhull Village Hall
Independent examiner's report to the trustees of Marnhull Village Hall
I report to the charity trustees on my examination of the accounts of Marnhull Village Hall (the Trust) for the year ended 30 June 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Martin Bowe Probusiness Ltd St Lawrence Lodge 37 Chamberlain Street Wells Somerset BA5 2PQ
Date: .............................................
Page 3
Marnhull Village Hall
Statement of Financial Activities for the Year Ended 30 June 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,980 Other trading activities 2 32,390 Investment income 3 - Total 36,370 EXPENDITURE ON Other 11,581 NET INCOME 24,789 Transfers between funds 8 (61,723) Net movement in funds (36,934) RECONCILIATION OF FUNDS Total funds brought forward 86,855 TOTAL FUNDS CARRIED FORWARD 49,921 |
Restricted fund £ 17,909 3,094 18 21,021 - 21,021 61,723 82,744 144,061 226,805 |
30.6.21 Total funds £ 21,889 35,484 18 57,391 11,581 45,810 - 45,810 230,916 276,726 |
30.6.20 Total funds £ 51,396 71,714 64 |
|---|---|---|---|
| 123,174 13,599 |
|||
| 109,575 - |
|||
| 109,575 121,341 |
|||
| 230,916 |
The notes form part of these financial statements
Page 4
Marnhull Village Hall
Balance Sheet 30 June 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 6 129 CURRENT ASSETS Debtors 7 13 Cash at bank 49,779 49,792 NET CURRENT ASSETS 49,792 TOTAL ASSETS LESS CURRENT LIABILITIES 49,921 NET ASSETS 49,921 FUNDS 8 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted fund £ 216,805 - 10,000 10,000 10,000 226,805 226,805 |
30.6.21 Total funds £ 216,934 13 59,779 59,792 59,792 276,726 276,726 49,921 226,805 276,726 |
30.6.20 Total funds £ 41,278 105 189,533 |
|---|---|---|---|
| 189,638 | |||
| 189,638 | |||
| 230,916 | |||
| 230,916 | |||
| 86,855 144,061 |
|||
| 230,916 |
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Trustee
The notes form part of these financial statements
Page 5
Marnhull Village Hall
Notes to the Financial Statements
for the Year Ended 30 June 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Page 6
continued...
Marnhull Village Hall
Notes to the Financial Statements - continued for the Year Ended 30 June 2021
2. OTHER TRADING ACTIVITIES
3.
| Fundraising events Hire of Hall Sundry Income VHSC Grants INVESTMENT INCOME Deposit account interest |
30.6.21 £ 3,094 478 1,775 2,906 27,231 35,484 30.6.21 £ 18 |
30.6.20 £ 313 10,239 6,815 2,509 51,838 |
|---|---|---|
| 71,714 | ||
| 30.6.20 £ 64 |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 June 2021 nor for the year ended 30 June 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 June 2021 nor for the year ended 30 June 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 11,291 Other trading activities 29,626 Investment income 64 Total 40,981 EXPENDITURE ON Other 13,599 NET INCOME 27,382 RECONCILIATION OF FUNDS Total funds brought forward 59,473 |
Restricted fund £ 40,105 42,088 - 82,193 - 82,193 61,868 |
Total funds £ 51,396 71,714 64 |
|---|---|---|
| 123,174 13,599 |
||
| 109,575 121,341 |
continued...
Page 7
Marnhull Village Hall
Notes to the Financial Statements - continued for the Year Ended 30 June 2021
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| fund | fund | funds | |||
| £ | £ | £ | |||
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 86,855 | 144,061 | 230,916 | ||
| 6. | TANGIBLE FIXED ASSETS | ||||
| Freehold | Plant and | ||||
| property | machinery | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1 July 2020 | 41,106 | 230 | 41,336 | ||
| Additions | 175,699 | - | 175,699 | ||
| At 30 June 2021 | 216,805 | 230 | 217,035 | ||
| DEPRECIATION | |||||
| At 1 July 2020 | - | 58 | 58 | ||
| Charge for year | - | 43 | 43 | ||
| At 30 June 2021 | - | 101 | 101 | ||
| NET BOOK VALUE | |||||
| At 30 June 2021 | 216,805 | 129 | 216,934 | ||
| At 30 June 2020 | 41,106 | 172 | 41,278 | ||
| 7. | DEBTORS: AMOUNTS FALLING | DUE WITHIN ONE | YEAR | ||
| 30.6.21 | 30.6.20 | ||||
| £ | £ | ||||
| Trade debtors | 13 | 105 | |||
| 8. | MOVEMENT IN FUNDS | ||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.7.20 | in funds | funds | 30.6.21 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 86,855 | 24,789 | (61,723) | 49,921 | |
| Restricted funds | |||||
| Hall Redevelopment Fund | 144,061 | 21,021 | 61,723 | 226,805 | |
| TOTAL FUNDS | 230,916 | 45,810 | - | 276,726 |
continued...
Page 8
Marnhull Village Hall
Notes to the Financial Statements - continued for the Year Ended 30 June 2021
8. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Hall Redevelopment Fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Hall Redevelopment Fund TOTAL FUNDS |
Incoming resources £ 36,370 21,021 57,391 At 1.7.19 £ 59,473 61,868 121,341 |
Resources Movement expended in funds £ £ (11,581) 24,789 - 21,021 (11,581) 45,810 Net movement At in funds 30.6.20 £ £ 27,382 86,855 82,193 144,061 109,575 230,916 |
|---|---|---|
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Hall Redevelopment Fund TOTAL FUNDS |
Incoming resources £ 40,981 82,193 123,174 |
Resources Movement expended in funds £ £ (13,599) 27,382 - 82,193 (13,599) 109,575 |
|---|---|---|
continued...
Page 9
Marnhull Village Hall
Notes to the Financial Statements - continued for the Year Ended 30 June 2021
8. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Hall Redevelopment Fund TOTAL FUNDS |
At 1.7.19 £ 59,473 61,868 121,341 |
Net movement in funds £ 52,171 103,214 155,385 |
Transfers between funds £ (61,723) 61,723 - |
At 30.6.21 £ 49,921 226,805 |
|---|---|---|---|---|
| 276,726 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 77,351 | (25,180) | 52,171 |
| Restricted funds | |||
| Hall Redevelopment Fund | 103,214 | - | 103,214 |
| TOTAL FUNDS | 180,565 | (25,180) | 155,385 |
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 June 2021.
Page 10
Marnhull Village Hall
Detailed Statement of Financial Activities for the Year Ended 30 June 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Other trading activities Fundraising events Hire of Hall Sundry Income VHSC Grants Investment income Deposit account interest Total incoming resources EXPENDITURE Support costs Management Repairs and Maintenance Broadband Charges Website and Advertising Caretaking Utilities Insurance Office & General Admin Licences Fundraising Expenses Post COVID Startup Costs Finance Postage and stationery Plant and machinery Other Supporters Club Prizes |
30.6.21 30.6.20 £ £ 21,889 51,396 3,094 313 478 10,239 1,775 6,815 2,906 2,509 27,231 51,838 35,484 71,714 18 64 57,391 123,174 2,000 1,759 342 348 98 98 3,474 5,583 1,132 1,653 1,167 1,394 56 533 334 416 249 - 1,243 - 10,095 11,784 54 193 43 58 97 251 1,020 1,240 |
30.6.21 30.6.20 £ £ 21,889 51,396 3,094 313 478 10,239 1,775 6,815 2,906 2,509 27,231 51,838 35,484 71,714 18 64 57,391 123,174 2,000 1,759 342 348 98 98 3,474 5,583 1,132 1,653 1,167 1,394 56 533 334 416 249 - 1,243 - 10,095 11,784 54 193 43 58 97 251 1,020 1,240 |
|---|---|---|
| 71,714 64 |
||
| 123,174 1,759 348 98 5,583 1,653 1,394 533 416 - - |
||
| 11,784 193 58 |
||
| 251 1,240 |
This page does not form part of the statutory financial statements
Page 11
Marnhull Village Hall
Detailed Statement of Financial Activities
for the Year Ended 30 June 2021
| Detailed Statement of Financial Activities for the Year Ended 30 June 2021 |
||
|---|---|---|
| Other Governance costs Accountancy and legal fees Total resources expended Net income |
30.6.21 30.6.20 £ £ 369 324 11,581 13,599 45,810 109,575 |
|
| 13,599 | ||
| 109,575 |
This page does not form part of the statutory financial statements
Page 12