BOXLEY CHURCH HALL CHARITY
(Charity no. 1069436)
REPORTS AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2022
BOXLEY CHURCH HALL CHARITY TREASURER'S REVIEW OFTHE YEAR ENDED 31 DECEMBER 2022 Flnandal Revlew The accounts have been prepared in accordan with the Church Accounting Regulations 2006. using the Receipts and Payments basis. Bank balances. including CBF Deposlt Funds totalled £62,741 at 31 December 2022131 December 2021- £44,067) Ipage 2). The increase is due to the investment incorne eamed on the CBF investment shares being higher than the expenditure for the year and also the transfer made from the PCC relating to the investment income from 2021. The decrease in the Investments valuation is due to the revaluation of the shares which dropped in 2022 due to the pandemic and the financial situation131 December 2022- £890.218 & 31 December 2021- £1.008.9941 Ipage 31. The PCC have agreed that the Missioner costs would be funded from the Hall Charity and the only other expenditure relates to pre-planning costs into a potential car park facility and independent examination of the accounts. This review should be read in conjunction with the Financial Review and Reserves Policy contslned withifi the Annual Report. M ARNEY Date-
BOXLEY CHURCH HALL CHARITY
RECEIPTS AND PAYMENTS ACCOUNT - RESTRICTED FUND
| For the year ended 31 December 2022 2022 2021 RECEIPTS Investment income 26,476 16,294 Interest 596 23 27,072 16,317 PAYMENTS Missioner Funding 12,093 13,379 Professional fees 198 135 Other Expenditure 5,419 2,779 17,710 16,293 EXCESS OF RECEIPTS OVER PAYMENTS 9,362 24 Bank current and deposit accounts at 1 January 2022 44,067 44,043 Transfers to Investments - - Transfers from other accounts 9,312 - Bank current and deposit accounts at 31 December 2022 (page 4) 62,741 44,067 |
For the year ended 31 December 2022 2022 2021 RECEIPTS Investment income 26,476 16,294 Interest 596 23 27,072 16,317 PAYMENTS Missioner Funding 12,093 13,379 Professional fees 198 135 Other Expenditure 5,419 2,779 17,710 16,293 EXCESS OF RECEIPTS OVER PAYMENTS 9,362 24 Bank current and deposit accounts at 1 January 2022 44,067 44,043 Transfers to Investments - - Transfers from other accounts 9,312 - Bank current and deposit accounts at 31 December 2022 (page 4) 62,741 44,067 |
For the year ended 31 December 2022 2022 2021 RECEIPTS Investment income 26,476 16,294 Interest 596 23 27,072 16,317 PAYMENTS Missioner Funding 12,093 13,379 Professional fees 198 135 Other Expenditure 5,419 2,779 17,710 16,293 EXCESS OF RECEIPTS OVER PAYMENTS 9,362 24 Bank current and deposit accounts at 1 January 2022 44,067 44,043 Transfers to Investments - - Transfers from other accounts 9,312 - Bank current and deposit accounts at 31 December 2022 (page 4) 62,741 44,067 |
|---|---|---|
2022 26,476 596 27,072 12,093 198 5,419 17,710 9,362 44,067 - 9,312 62,741 |
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| 16,317 13,379 135 2,779 |
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| 16,293 24 44,043 - - |
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| 44,067 |
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BOXLEY CHURCH HALL CHARITY
RESTRICTED FUNDS STATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 2022
| Monetary assets: Bank current account CBF Deposit fund Total cash Debtors: Gift Aid tax receivable Prepayments and sundry debtors Total debtors Other assets: Freehold land and buildings Investments (valuation) Total other assets Liabilities: Sundry creditors Receipts in advance Total Liabilities NET ASSETS |
Boxley Hall fund 1,079 61,662 62,741 - - - - - - - - - 62,741 |
Totals 2022 2021 1,079 - 61,662 44,067 62,741 44,067 - - - 9,312 - 9,312 - - - - - - - (3,611) - - - (3,611) 62,741 49,768 |
Totals 2022 2021 1,079 - 61,662 44,067 62,741 44,067 - - - 9,312 - 9,312 - - - - - - - (3,611) - - - (3,611) 62,741 49,768 |
|---|---|---|---|
| 44,067 | |||
| - 9,312 |
|||
| 9,312 | |||
| - - |
|||
| - | |||
| (3,611) - |
|||
| (3,611) | |||
| 49,768 |
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BOXLEY CHURCH HALL CHARITY
NOTES TO THE ACCOUNTS for the year ended 31 DECEMBER 2022
1. STATEMENT OF ACCOUNTING POLICIES
The accounts of the Boxley Church Hall Charity have been prepared in accordance with the Church Accounting Regulations 2006, using the Receipts and Payments basis.
The accounts have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The accounts include all transactions, assets and liabilities for which the Managing Trustees (Boxley PCC) is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
Funds
Details of the restricted and endowment funds are set out in Note 1.
All the funds of the Boxley Church Hall Charity are maintained either in bank current accounts with major high street banks, or on deposit with CBF Church of England funds.
Incoming resources
Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
Statement of Assets and Liabilities
The following assets are recognised and a monetary value given as part of the description in the Statement of Assets and Liabilities:
Closing bank balances as shown in the receipts and payment account.
Investments comprising CBF income shares and quoted investments held beneficially by the Boxley Church Hall Charity (included at market value at 31 December).
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BOXLEY CHURCH HALL CHARITY
NOTES TO THE ACCOUNTS for the year ended 31 DECEMBER 2022
continued
1. FUND DETAILS
The Boxley Church Hall Charity’s fund balances at 31 December are summarised within the Statement of Assets and Liabilities. The movements on each fund during the year are disclosed separately.
Restricted Funds
The funds held are for specific restricted purposes as set out in the objects of the charity.
Boxley Hall fund
- income from this investment is to be spent on furthering the religious and other charitable work of the Church of England in the Ecclesiastical Parish of St. Mary the Virgin and All Saints, Boxley.
Endowment Funds
The Boxley Hall Fund consists of 43,086.06 CBF income shares & all the income from this investment is restricted as above.
2. PAYMENTS TO BOXLEY HALL MANAGING TRUSTEES (PCC MEMBERS)
No payments or expenses were paid to any PCC member, persons closely connected to them or related parties.
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INDEPENDENT EXAMINER’S REPORT TO THE MANAGING TRUSTEES OF THE BOXLEY CHURCH HALL CHARITY
I report on the financial statements for the year ended 31 December 2022, which are set out on pages 2 to 4.
Respective Responsibilities of the Trustees and Independent Examiner
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 the independent examination is needed.
It is my responsibility to:
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Examine the financial statements under section 145 of the 2011 Act;
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follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and
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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 financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the financial statements.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with s.130 of the 2011 Act; and
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to prepare accounts which accord with these accounting records have not been met; or
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2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Allan Hickie BSc FCA UHY Hacker Young Thames House, Roman Square, Sittingbourne, Kent.
- 26 April 2023
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