REGISTERED CHARITY NUMBER: 1017832
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
for
Marston Green Parish Hall
Langham Walsh c/o Langham Walsh BVIC, Central Boulevard, Blythe Valley Business Park Solihull West Midlands B90 8AJ
Marston Green Parish Hall
Contents of the Financial Statements for the Year Ended 31 March 2022
| 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 |
Marston Green Parish Hall
Report of the Trustees for the Year Ended 31 March 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. 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's aim as set out in our governing documents is that the parish hall is to be used by the inhabitants of the parish of Bickenhill without distinction of political, religious or other opinions including use for meetings, lectures and classes and for other forms of recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.
We aim to achieve these objectives by maximising use of the premises by the parish inhabitants and others. The Trustees consider the Charity Commission guidance on public benefit when developing their activities.
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
The Trustees are satisfied with the fundraising activities during the year following the disruption caused by enforced closure during the pandemic. Income received during the year amounted to £68,079 (2021: £45,194).
FINANCIAL REVIEW
Financial position
The Trustees are pleased with the financial performance of the Charity in 2021/22. Despite the difficult circumstances caused by the pandemic over the last two years, the Charity's income has significantly increased compared with 2020/21 as the charity has been able to return to its primary activities, and has been less reliant on receipt of external grant funding.
Reserves policy
The Trustees consider the Charity's reserve policy during each financial year and consider that reserves are are currently sufficient having regard to anticipated future operational costs.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity is constituted under its lease and trust deed dated 18 September 1992 and is a registered charity. Its charitable objects are set out under Our aims and values.
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).
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1017832
Principal address
38 Elmdon Road Marston Green Solihull West Midlands B37 7BT
Trustees
Mrs C E Barnes R D Mosedale C E Hill M D Noblet Ms C L Kelly (appointed 5.4.22) Mrs R Endley (appointed 17.10.22) Ms H J Glenn (resigned 11.7.22)
Page 1
Marston Green Parish Hall
Report of the Trustees for the Year Ended 31 March 2022
REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner Kevin Walsh B.Sc, M.A, ACA Langham Walsh c/o Langham Walsh BVIC, Central Boulevard, Blythe Valley Business Park Solihull West Midlands B90 8AJ
Approved by order of the board of trustees on 6 June 2023 and signed on its behalf by:
Ms C L Kelly - Trustee
Page 2
Independent Examiner's Report to the Trustees of Marston Green Parish Hall
Independent examiner's report to the trustees of Marston Green Parish Hall
I report to the charity trustees on my examination of the accounts of Marston Green Parish Hall (the Trust) for the year ended 31 March 2022.
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 2. 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.
Kevin Walsh B.Sc, M.A, ACA
Langham Walsh c/o Langham Walsh BVIC, Central Boulevard, Blythe Valley Business Park Solihull West Midlands B90 8AJ
17 August 2023
Page 3
Marston Green Parish Hall
| INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities Investment income Total EXPENDITURE ON Raising funds NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Statement of Financial Activities for the Year Ended 31 March 2022 31.3.22 31.3.21 Unrestricted Total funds funds Notes £ £ 19,328 31,692 2 48,751 13,502 3 3 9 68,082 45,203 4 71,715 36,126 (3,633) 9,077 79,554 70,477 75,921 79,554 |
Statement of Financial Activities for the Year Ended 31 March 2022 31.3.22 31.3.21 Unrestricted Total funds funds Notes £ £ 19,328 31,692 2 48,751 13,502 3 3 9 68,082 45,203 4 71,715 36,126 (3,633) 9,077 79,554 70,477 75,921 79,554 |
|---|---|---|
| 45,203 | ||
| 36,126 | ||
| 9,077 70,477 |
||
| 79,554 |
The notes form part of these financial statements
Page 4
Marston Green Parish Hall
Balance Sheet 31 March 2022
| 31.3.22 Unrestricted funds Notes £ FIXED ASSETS Tangible assets 7 54,620 CURRENT ASSETS Stocks 8 2,000 Cash at bank and in hand 35,473 37,473 CREDITORS Amounts falling due within one year 9 (9,005) NET CURRENT ASSETS 28,468 TOTAL ASSETS LESS CURRENT LIABILITIES 83,088 CREDITORS Amounts falling due after more than one year 10 (7,167) NET ASSETS 75,921 FUNDS 12 Unrestricted funds 75,921 TOTAL FUNDS 75,921 |
31.3.21 Total funds £ 50,933 2,000 37,276 39,276 (1,488) 37,788 88,721 (9,167) 79,554 79,554 79,554 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 6 June 2023 and were signed on its behalf by:
C L Kelly - Trustee
The notes form part of these financial statements
Page 5
Marston Green Parish Hall
Notes to the Financial Statements for the Year Ended 31 March 2022
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 | - 10% on cost |
|---|---|
| Fixtures and fittings | - 10% on cost |
| Computer equipment | - 25% on cost |
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
2. OTHER TRADING ACTIVITIES
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Bar sales | 21,289 | 5,508 |
| Hall letting | 27,462 | 7,994 |
| 48,751 | 13,502 |
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Marston Green Parish Hall
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
3. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Deposit account interest | 3 | 9 |
| RAISING FUNDS | ||
| Raising donations and legacies | ||
| 31.3.22 | 31.3.21 | |
| £ | £ | |
| Staff costs | 26,274 | 18,659 |
| Rates and water | 3,380 | 523 |
| Insurance | 2,332 | 2,111 |
| Light and heat | 5,581 | 2,980 |
| Telephone, Post & Stationery | 1,909 | 1,667 |
| Cleaning and waste collection | 2,934 | 2,192 |
| Repairs and renewals | 5,033 | 741 |
| Support costs | 3,105 | 988 |
| 50,548 | 29,861 |
4. RAISING FUNDS
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| funds | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 31,692 |
| Other trading activities | 13,502 |
| Investment income | 9 |
| Total | 45,203 |
| EXPENDITURE ON | |
| Raising funds | 36,126 |
| NET INCOME | 9,077 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 70,477 |
| TOTAL FUNDS CARRIED FORWARD | 79,554 |
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Marston Green Parish Hall
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
7. TANGIBLE FIXED ASSETS
| 7. | TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|---|
| Fixtures | |||||
| Plant and | and | Computer | |||
| machinery | fittings | equipment | Totals | ||
| £ | £ | £ | £ | ||
| COST | |||||
| At 1 April 2021 | 24,956 | 25,227 | 750 | 50,933 | |
| Additions | - | 2,187 | 1,500 | 3,687 | |
| At 31 March 2022 | 24,956 | 27,414 | 2,250 | 54,620 | |
| NET BOOK VALUE | |||||
| At 31 March 2022 | 24,956 | 27,414 | 2,250 | 54,620 | |
| At 31 March 2021 | 24,956 | 25,227 | 750 | 50,933 | |
| 8. | STOCKS | ||||
| 31.3.22 | 31.3.21 | ||||
| £ | £ | ||||
| Stock for resale | 2,000 | 2,000 | |||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | |||
| 31.3.22 | 31.3.21 | ||||
| £ | £ | ||||
| Bank loans and overdrafts (see note 11) | 2,000 | 833 | |||
| Trade creditors | 4,190 | - | |||
| Taxation and social security | 33 | 105 | |||
| Other creditors | 2,782 | 550 | |||
| 9,005 | 1,488 | ||||
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER | MORE THAN ONE YEAR | |||
| 31.3.22 | 31.3.21 | ||||
| £ | £ | ||||
| Bank loans (see note 11) | 7,167 | 9,167 | |||
| 11. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| 31.3.22 | 31.3.21 | ||||
| £ | £ | ||||
| Amounts falling due within one year on demand: | |||||
| Bank loans | 2,000 | 833 | |||
| Amounts falling between one and two years: | |||||
| Bank loans - 1-2 years | 4,000 | 4,000 | |||
| Amounts falling due between two and five years: | |||||
| Bank loans - 2-5 years | 3,167 | 5,167 |
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continued...
Marston Green Parish Hall
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
12. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | |||
|---|---|---|---|
| Net | |||
| movement | At | ||
| At 1.4.21 | in funds | 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General | 79,554 | (3,633) | 75,921 |
| TOTAL FUNDS | 79,554 | (3,633) | 75,921 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General | 68,082 | (71,715) | (3,633) |
| TOTAL FUNDS | 68,082 | (71,715) | (3,633) |
| Comparatives for movement in funds | |||
| Net | |||
| movement | At | ||
| At 1.4.20 | in funds | 31.3.21 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General | 70,477 | 9,077 | 79,554 |
| TOTAL FUNDS | 70,477 | 9,077 | 79,554 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General | 45,203 | (36,126) | 9,077 |
| TOTAL FUNDS | 45,203 | (36,126) | 9,077 |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Net | |||
| movement | At | ||
| At 1.4.20 | in funds | 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General | 70,477 | 5,444 | 75,921 |
| TOTAL FUNDS | 70,477 | 5,444 | 75,921 |
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Marston Green Parish Hall
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
12. MOVEMENT IN FUNDS - continued
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 | 113,285 | (107,841) | 5,444 |
| TOTAL FUNDS | 113,285 | (107,841) | 5,444 |
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2022.
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Marston Green Parish Hall
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Other trading activities Bar sales Hall letting Investment income Deposit account interest Total incoming resources EXPENDITURE Raising donations and legacies Wages Rates and water Insurance Light and heat Telephone, Post & Stationery Cleaning and waste collection Repairs and renewals Other trading activities Bar Purchases Fundraising costs Licenses Materials purchases Sundry costs Support costs Finance Bank loan interest Governance costs Accountancy and legal fees Total resources expended Net (expenditure)/income |
Detailed Statement of Financial Activities for the Year Ended 31 March 2022 31.3.22 31.3.21 £ £ 5,993 5,718 13,335 25,974 19,328 31,692 21,289 5,508 27,462 7,994 48,751 13,502 3 9 68,082 45,203 26,274 18,659 3,380 523 2,332 2,111 5,581 2,980 1,909 1,667 2,934 2,192 5,033 741 47,443 28,873 15,454 2,674 1,734 1,097 1,198 705 1,423 1,264 1,358 525 21,167 6,265 99 - 3,006 988 71,715 36,126 (3,633) 9,077 |
Detailed Statement of Financial Activities for the Year Ended 31 March 2022 31.3.22 31.3.21 £ £ 5,993 5,718 13,335 25,974 19,328 31,692 21,289 5,508 27,462 7,994 48,751 13,502 3 9 68,082 45,203 26,274 18,659 3,380 523 2,332 2,111 5,581 2,980 1,909 1,667 2,934 2,192 5,033 741 47,443 28,873 15,454 2,674 1,734 1,097 1,198 705 1,423 1,264 1,358 525 21,167 6,265 99 - 3,006 988 71,715 36,126 (3,633) 9,077 |
|---|---|---|
| 31,692 5,508 7,994 |
||
| 13,502 9 |
||
| 45,203 18,659 523 2,111 2,980 1,667 2,192 741 |
||
| 28,873 2,674 1,097 705 1,264 525 |
||
| 6,265 - 988 |
||
| 36,126 | ||
| 9,077 |
This page does not form part of the statutory financial statements
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