BOXLEY CHURCH HALL CHARITY Charit no. 1069436 REPORTS AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 BOXLEY CHURCH HALL CHARITY TREASURER'5 RVdlEW OF THE YEAR ENDED 31 DECEMBER 2023 Financlal Review The accounts have been prepared in accordance with the Church Accounting Regulation5 2006, using the Receipts and Payments basis. Bank balances, including CBF Deposit Funds totalled £75,986 at 31 December 2023 (31 December 2022- £62,741} (page 21. The increase is due to the investment income earned on the CBF investment shares being higher than the expenditure for the year through the Missioner only being in post for part of the year. The increase in the Investments valuation is due to the revaluation of the shares which has done well in 2023 {31 December 2023 - £973,973 & 31 December 2022- £890,218) Ipage 3). The PCC have agreed that the Missioner costs would be funded from the Hall Charity and the only other expenditure relates to legal 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 contained within the Annual Report. MARNEY Date: BOXLEY CHURCH HALL CHARITY RECEIPTS AND PAYMENTS ACCOUNT- RESTRICTED FUND For the ar endgd mber 2023 2023 2022 RECEIPTS Investment income Interest 26,623 1,976 28,599 26,476 27.072 PAYMENTS Missioner Funding Professional fees Other Expenditure 9,138 216 6,000 15,354 12,093 198 5,419 17,710 EXCESS OF RECEIPTS OVER PAYMENTS Bank curTrnt and deposit accounts at 1 January 2023 Transfers to Investments Transfers from other accounts Bank ￿rrent and deposit accounts at 31 December 2023 (page 41 13,245 62,741 9,362 44,067 9.312 62,741 75,986 BOXLEY CHURCH HALL CHARI RESTRICTED FUNI)S STATEMENT OF ASSETS AND LIABILITIES AT 31 DECEMBER 2023 Boxley Hall fund Tolals 2023 2022 Monetary assets.. Bank cu￿ent account CBF DeFrt)sit fund Totsl cash 12,348 83,638 75,986 12.348 63.638 75.986 1,079 61,662 62,741 Deblors: Gift Aid tax re￿1vable 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 ASSErs 75.986 75,986 62.741 BOXLEY CIIURCH HALL CHARITY NOTES TO THE AccouNrs for the year ended 31 DECEMBER 2023 STATEMENf OF ACCOUNfiNG POLICAES The a¢counts of the Boxiey Church Hall Charity have I￿7 prepared in accoT(Lm¢e with the Church Acc(l￿ting Regulations 2006. using the Re£eipts and Payments basi& The accounts have been pryared the historical cost convention except for the valuation of investment asset4 which are shown at ll￿et value. The accounts include all transaction& assets and liabilities for which the Managing Tnjstees (Boxley PCC) is responsible in law. They do not include the accounts of church groups that owe th¢ir main affiliatiim to another b￿. J)or those that are infornlal gatherings of church manbers. FuDds Details of the restricted and endowment funds are set out inNote l. All the funds of the Boxley Church Hall Charity are maintained either in bank cutrent accounts with n)ajor high street bank& or on deposit with CBF Church of England funds. Tneon)iDg resourtts Dividends are accounted for when re￿1Vable. interest is accrned. All other income IS Tecognised when it is receivable. All incoming resources are accounted for gross. Slat¢ment of Assets and Li*bilities The following assets are rwised and a monetary value given as part of the description in the Siatement of Assets and Liabilities: Closing bank balances as shown in the receipts and payment account. Investments comprising CBF Incon￿ slmres and quoted investments held beneficialty by the Boxley Church Hall Charity (included at market value at 31 December). BOXLEY CHURCH HALL CHARITY NOTES TO THE ACCOUNTS for tbe year ended 31 DECEMBER 2023 conlinued FUND DETAILS The Boxley Church Hall Charlty's fund balances at 31 D￿¢Illber are summarised within the Statement of Assets and Liabilities. The movements on each fund during the year are disclos￿ separately. Restricted Fund$ The fimds held are for specific restricted pwposes as set in tbe objects of the charity. Boxley Hall fimd income from this investment is to be spent on fi]rthering the religious and other charitable work of the Church OfEng1￿ in the Ecclesiastical Parish of SL Mary the VirLyin and All sain￿ Boxley. EDdowmeDt Funds The Boxley Hall Fund consist5 of 43.086.06 CBF income shares & au the income from this inv¢stment is restricted as atK>ve. PAYMENTS TO BOXLEY HALL MANAGllYG TRUSTEES (PCC MEMBERS) No payments or eX￿S were paid to any PCC member. persons closely CODne¢ted to them or related parties. INDEPENDENT EXAMINER'S REPORT TO THE MANAGING TRUSTEES OF TH BOXLEY CHURCH HALL CHARITY I report on the financial thtements for the year ended 31 DeL¥ml￿r 2023. which are set oth on pages 2 to 4. and related notes. Respectiv¢ Responsibilities of the Trustees and IDdepcndent Examiner The charity's trustees considcr that 8n audit is not requiJEd for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that the independent examination is nee& It is my res￿n81b1Iity to- Exami￿ tbe financial statements under section 145 of the 2011 ACL follow the procedLllES laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act. and state whether particular matters luve come to my attentio Basis of Independent ExgmiDer's Ststement My &xamination was carried out in accordance with the General Directions given by the Chartty Conllnission. An e￿lmin&t70D includes a review of the accounting records kept by the charity and a COJDparison of the fllLqncial statements presented with those records. It a150 includes consideration of any unusual items or disclosures in the account4 and seekiDg explanattons from the rnanagemcnt committec concerning any such matters. The procedures undertdk¢n do not provide all the evidence that would be Tequired in a ￿11 audiL and consequently I do not express an audit opinion on the financial staternents. Independent Euminer's Statement tn connection with my examinatio￿ no matterbas come to my attention: l) which gives n)e r¢&soDable cause to believe tlot in any material respect the requirem¢nts to keep awounting recor