Sorn Village Hall Receipts and Payments Accounts For the Year Ended 31st December 2024 Charity Number: SC026316
Sorn Village Hall SC026316 Contents Page Trustees Annual Report Independent Examiner's Report Receipts & Payments Account Statement of Balances Notes to the Financial Statements
Page I Sorn Village Hall SC026316 Trustee Annual Report for the Year Ended 31st December 2024 Introductlon The Trustees present their report and accounts for the year ended 31$1 De¢ember 2024 Charlty Reg15tration Nurnber SC026316 Prlncipal Address Indepen(ient Examiner Recruitment and appolntrnent of Trustees All charitls trustee5 are appointed or re-appointeij by members at our annual Eeneral meeting. Governing document The charity 15 unincorporated and the purposes and administration arrangemÈnts are as set out in our constitution.
Page 2 Sorn Village Hall sc026316 st Trustee Annual Report for the Year Ended 31 December 2024 Charitable purpose Our purpose is the operaf on of a village hall and community ntre forthe benefit ofthe inhabitants of the village and distrlct of Som for community, social and educational purposes ActEvities and achievements The key objective to build the reputation of the Hall as a Community Hub for Sorn Village and surrounding area. We have secured Grants from Tincornhill Quarry Fund. East Ayrshire Council and Awards for All. The Maintenance and Repairs spend is the largest we have had in a while but the Hall and surmundin8 area reflect the work that's been going on. We still have a tie-in with the Gaiety Theatre as a satellite location for various productions, with additional music and other events across the year. The 5orn To Be Wlld project was successful, introducing music to youngsters in schools In the area and live band music for the adults as well. With the resignation of the previous chairman during this financial year I thank the present committee for thelrdedicats.on and commitment. Trustee remuneration and expenses The trustee5 did not receive any remuneratlon or expenses during the year Financial Review The Receipts and Payment Account for the period shows total Income of E84,967 and total Expenditure of E68,783 which results in a surplus of E 16,184 Reserves The Committee considerthat the general fund of E37,748 will enable u5to continue to run the village hall at current levels for the forthcoming year and we are gethng quotations for interior painting and maintenance. Approved by the trustees and signed on their behalf Chairman 10 June 2025
Page 3 Sorn Village Hall SC026316 Independent Examiners Report to the Tru5tee5 of 5orn Willage Hall I report on the accounts of the charity for the year to 31 Dernber 2024 which are set out oft pa8es 4 to 6. Respective Responslbllltles of Trustees and Examiner The charit5 trustees are responslble for the preparation of the accounts in accordance with the terms of the Charitles and Trustee Investment (Scotlandl Act 21M)5 and the Charities Accounts (Scotlandl Regulations 26. The chaiity trustees consider thal the audit requirement of Regulation Iolllldl does not apply. It is my responsibility to examine the accounts as required under section 44 111 Icl of the Act and to state whether particular matters have come to my attention. 8a5is of Independent Examlnerfs Ststement My examination is carried out in accordance with Regulation 11 of the Charities Account (Scotlandl Act 2(A)6. An examination includes a review of the accountin8 records kept by the charity and compari50n of the accounts presented with those reiords. It also includes consideration of any unusual items or disclosures in the aicounts and seeks explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audlt and consequentFy I do not express an audit opinion on the view given by the accounts. Independènt Examlnews Statement In the course of my examination, no matter has come io my attent). l. Which gives me reasonable cause to believe thai in any material respect the requirements: to keep accounting records in accord3nce with sectlon 4411)lal of the 20DS Att and regulation 4 of the 2006 Accounts regulations, and to prepare accounts which accord with the accounting records and comply with regulation 9 of the 2(6 Accounts Re8ulations have not been met,. or 2. To which, in my opinion, attention Should be drawn In order to enable a proper .1 t5 to be reached 13 June 2025
Page 4 Som Village Hall SC026316 Receipts and Payments Account Year Ended 31st December 2024 Unrestricted Restricted Fullds Funds Tolal 2024 Total 2023 RECEIFrs Grants 8ank Interest Rent from Land and Buildings Other Income Donations 68,668 68,668 584 15,605 100 10 6,332 343 17,358 195 33 15,605 loo io TOTAL RECEIPTS PAYMENTS Payment tor Charitable Activities ElectricitV& Gas and Water Rate5 Hall Keeper Sundry Expenses Refuse Disposal and Cleanlng Insurance Repairs and Maintenance Sorn To Be Wild Licence and Warrants 5,464 2.440 455 699 1.061 5,464 2,440 455 699 1,061 52,270 5,936 458 2.901 1,200 260 567 1.049 18,438 52,270 5.936 458 158 TOTAL PAYMENTS FOR CHARITABLE ACTIVITIES SURPLUS/IDEFiaTI FOR YEAR
Page 5 Sorn Village Hall sc026316 Statement of Balances At 3 1st December 2024 Unrestricted Funds Restricted Funds Total 2024 Total 2023 BANK DEPOS BALANCE Bank Balance blfwd 32.026 32,026 32,041 MOVEMENTS IN YEAR Surplusl(Deficit) foi Year 5722 10 462 16 184 115) Bank Balance c/fwd 0*4 HERITABLE PROPERTY Hall 2nd Car Pa The Accounts were approved by the trustres and signed on their behalf on 10 June 2025.
Page 6 Som Vlllage Hall SC026316 Notes to the Accounts Year Ended 31st December 2024 8asi5 of Accotsntlng The accounts have been prepared underthe receipts and payments basis and are in accordance with The Charitles and Trustee Investment Iscotland) Act 2005 and the Charitles Accounts Iscotlandl Regulations 21Th las amended). Flxed Assets The heritable property, consi5tin8 of the Village Hall and car park, is recorded at nominal value of £1 as there is no reliable cost available, and the trustees consider that the significant cost required in order to obtain an open market is unjustified for the charity's ongoing operation. The property is held in trust by the Hall Trustees for the benefit of the inhabitants of the village and distrirt of Sorn for community, social and educational purposes. Funds Unrestricted funds are those that may be used at the discretion of the trustees, in furtherance of the objetts of the charity. Restricted fund5 may only be used for specific purposes. Restrittions arlse when Specified by the donor or when funds are raised for specific purposes. Durin8 the vear, the charity received the following restricted income. East Ayrshire Council Tincornhill Quarry Fund Awards for All 33,668 25,000 Repalrs and Malntenance Repairs and Maintenance have been ongoing throughout the year with work being carried out by Building Preservations and others with the total for repairs and maintenance being £52,270. .