WOODHOUSE PARISH COUNCIL and KING GEORGE V FIELD CHARITY **----- Start of picture text -----**
|||||| |---|---|---|---|---| |Income PC|As at 22 February 2024| |Precept|93154|94%| |Income PC| |Public Toilets Rates rebate|1000|1%| |Grants & Donations| |Allotment Rents|341|0%|0%|Bank Interest| |Grants & Donations|300|0%|Allotment Rents|3%| |Misc|1652|2%|0%| |Public Toilets Rates rebate| |Bank Interest|2805|3%| |1%| |Total|99252| |e|Precept| |94%| **----- End of picture text -----**
## **Income KGV** **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |Village Hall lettings|21171|12%| |Village Hall lettings| |Annexe Lettings|3390|2%|Income KGV Charity|12%|Annexe Lettings| |King George V Hall Lettings|15123|8%|2%| |Sports Field|2240|1%| |King George V Hall Lettin| |VH House Rent|8268|5%|8%| |PC Office Rent|6600|4%|Sports Field| |Donations|1080|1%|1%| |VH House Rent| |Grants & Donations for New Hall|121900|67%| |5%| |Misc|1176|1%|PC Office Rent| |Grants & Donations for New Hall| |Total|180948|4%| |68%| |Donations| |1%| |.| **----- End of picture text -----**
Combined income = £280,200 ## **Annual Financial Report 2023/24** These figures are to 22nd February 2024 and the current combined bank balance is £106,530. The Youth & Community Hall development project is now complete, with a total expenditure of £421,626. We received a total of £365,037 in grants and donations for this project, with Woodhouse Parish Council funding the remaining £56,5 Excluding this project, overall combined expenditure is lower than last year, even though energy costs for the halls have increased. Income for the 3 halls is £40,000, which is £5000 more than last year, including over £3000 in lettings for the new hall which opened in September 2023. WOODHOUSE PARISH COUNCIL and KING GEORGE V FIELD CHARITY ngs 89 from existing funds. WOODHOUSE PARISH COUNCIL and KING GEORGE V FIELD CHARITY ANNUAL FINANCIAL REPORT |**Expenditure PC**|**As at 22 February 2024**|**As at 22 February 2024**|**As at 22 February 2024**| |---|---|---|---| |Employees|18827|43%|| |Outdoors / Allotments
Public Toilets
Admin incl. Insurance|1086
4371
3150|3%
10%
7%|| |Donations & Grants
Subscriptions & Misc
Street Lighting
Credit Card
PC Office
Special projects
**Total**
**Expenditure KGV**|2654
1179
1554
2500
6600
1514
**43435**|6%
3%
4%
6%
15%
3%|| |Employees|14338|4%|| |Village Hall|27757|8%|| |Annexe
King George V Hall
Outdoor Environment|4085
6890
10158|1%
2%
3%|| |Admin & Misc|983|0%|| |Special Projects|12120|3%|| |Sports Pavilion|2386|3%|| |New Scout & Youth Community Hall|290313|79%|| |**Total**|**369030**||| Combined expenditure = £412,465 **----- Start of picture text -----**
PC Office
Special projects
Credit Card
Expenditure Woodhous 660000% 3%
6%
Street Lighting
4%
Subscriptions Employee
& Misc 43%
2%
Donations &
Grants
Outdoors / Allotme
6%
3%
Admin incl. In-
surance Public Toilets
7% 10%
**----- End of picture text -----**
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Village Ha
Expenditure KGV Ch 8%
Employees
4%
New Scout & Youth Community Hall
79%
**----- End of picture text -----**
WOODHOUSE PARISH COUNCIL and KING GEORGE V FIELD CHARITY ANNUAL FINANCIAL REPORT ## **se PC** **----- Start of picture text -----**
es
ents
**----- End of picture text -----**
**----- Start of picture text -----**
ll
harity Annexe
1%
King George V
Hall
2%
O utdoor Environment
3%
Admin & Misc
0%
Special Projects
3%
Sports Pavilion
1%
**----- End of picture text -----**
**KING GEORGES FIELD CHARITY BALANCE SHEET AT 31 MARCH 2024** |**2022/2023**|**2022/2023**|**2022/2023**|||**2023/2024**|**2023/2024**| |---|---|---|---|---|---|---| |||**1,984,266**|**LONG TERM FIXED ASSETS**|||**3,067,137**| |11,539.93
1621.30
125,727.26
250.00||**138,888.49**
**250.00**
**138,638.49**|**CURRENT ASSETS**
Debtors
Payments in Advance
Cash in Hand
**TOTAL ASSETS**
**CURRENT LIABILITIES**
Creditors
**TOTAL LIABILITIES**
**NET CURRENT ASSETS**
Represented by Fund Balance||8131.32
1741.66
23,252.13
250.00|**33,125.11**
**250.00**
**32,875.11**| The above statement represents fairly the position of the Charity at 31 March 2024 and reflects its’ income and expenditure during the year. Approved by Woodhouse Parish Council, as Sole Trustee, on ..................................................... Signed ...................................................................................... Chairman Signed ....................................................................................... Responsible Financial Officer 1 ## **KING GEORGES FIELD CHARITY SUPPORTING NOTES FOR BALANCE SHEET 31 MARCH 2024** ## 1. **LONG TERM FIXED ASSETS** |**ITEM**|**VALUE IN 2023/24**|**HOW ASSESSED**| |---|---|---| |Village Hall, VH House & King George V Hall|2,135,618|Insurance value 2023| |Playground Equipment|142,495|Insurance value 2023| |Hall Contents – chairs, tables, etc|47,788|Insurance value 2023| |Youth & Community Hall|427,200|Insurance value 2023| |Other – ground surfaces|36,260|Insurance value 2023| |KGV Field oak gates, walls & fences|30,000|Insurance value 2023| |Grounds Equipment – mowers & machinery|29,882|Insurance value 2023| |Sports Pavilion|190,964|Insurance value 2023| |Sports Equipment – football goals, cricket screen|15,000|Insurance value 2023| |Garage|6468|Insurance value 2023| |Storage Unit|4745|Insurance value 2023| |Timber Shed|717|Insurance value 2023| |**TOTAL**|**£3,067,137**|| ## NOTES: - 1) New Youth & Community Hall built & opened September 2023 - 2) Insurance values updated at renewal October 2023 by Clear Councils 2 ## 2. **DEBTS OUTSTANDING** At year-end, a VAT refund of £7489.63 is due. ## 3. **ADVERTISING AND PUBLICITY** As at 31 March 2024 there were no funds used for advertising and publicity. ## 4. **OUTSTANDING LOANS** None ## 5. **CAPITAL RESERVE** No Capital Reserve Fund is held. ## 6. **EARMARKED RESERVES** £28,547 donations received which are to be spent on decking & landscaping. ## 7. **BORROWINGS** At 31 March 2024 there were no loans outstanding to the Charity. ## 8. **LEASES** No current leases in operation. ## 9. **TENANCIES** A new tenancy agreement for the rental of the Village Hall House started from 6[th] February 2024 at £1250 per month. ## 10. **AGENCY WORK** The Council has undertaken no agency work on behalf of other authorities. 11. **PENSIONS** – paid by Woodhouse Parish Council. 12. **CONTINGENT LIABILITIES -** There are no liabilities other than those referred to under the heading ‘Creditors’. 3 ## **KING GEORGES FIELD CHARITY** ## **CUMULATIVE FUND BALANCE 2023 - 2024** |Opening Fund Balance at 1 April 2023|**138,638.49**| |---|---| |Income2023-2024|274,187.89| |**TOTAL**|**412,826.38**| |Expenditure2023-2024|379,951.27| |Fund Balance at 31 March 2024|**32,875.11**| 4 ## **KING GEORGES FIELD CHARITY** ## **INCOME AND EXPENDITURE** ## **YEAR ENDED 31 MARCH 2024** |**2022/2023**||**2023/2024**| |---|---|---| |||| ||**INCOME**|| |12,210.00|VH House Rental|9468.00| |20,548.40|Village Hall Lettings|24,823.29| |1710.79|Youth & CommunityHall Lettings|3794.42| |17,682.91|KingGeorge V Hall Lettings|15,716.58| |0.00|Car Park|0.00| |6600.00|PC Office Rent|7200.00| |2502.70|Sports Field|2240.00| |259,005.20|Grant Aid / Contributions / Donations|143,006.56| |90.00|Miscellaneous – seven trent water leak refund|1176.00| |3000.00|Subsidiary payment from council|66,833.48| |**323,350.00**|**Total**|**274,258.33**| |||| ||**EXPENDITURE**|| |21,618.41|Administration – salaries, planyo,audit,stripe & bank charges|17,483.00| |3300.00|Special Items – field benches,oakgates,water leak|9346.96| |129,161.20|Youth & CommunityHall Project|290,313.02| ||**Running Costs**|| |21,193.32|Village Hall|30,955.30| |2338.29|Youth & CommunityHall|7785.38| |8820.15|KingGeorge V Hall|7882.24| |0.00|VH House|1726.04| |1320.44|Sports Pavilion|2480.39| |13,596.27|Parks & Open Spaces – tree works, handyman, grounds
maintenance|11,652.47| |776.55|Miscellaneous & Subscriptions – website video tour, keys,
batteries, skip|326.47| |**202,124.63**|**Total**|**379,951.27**| |||| |121,225.37|Income minus expenditure|-105,692.94| 5 ## **CKH Accounts** Mrs E. Rowley Responsible Finance Officer Woodhouse Parish Council & King George's Field Charity 18 Windmill Rise Woodhouse Eaves Loughborough Leicestershire LE12 8SG 5[th] June 2024 Dear Emily ## **Re: Internal Audit for Woodhouse Eaves Parish Council & King George’s Field Charity** I have now completed the internal audit as of the 31[st] March 2024. All accounting documentation and supporting records were complete and in order. As you are aware the VAT return has not yet been prepared and submitted, you are due to do this imminently. As per lasts years note, the ‘business top up card’ balance should be shown in the accounts as an asset as in effect the money held on this is still an asset and has not yet been spent, only transferred from one account to another. You have now added this for the financial year 2024-25. The RFO procedures manual needs to be updated with current procedures, removal of some aspects that you do not undertake, such as payroll and update the current providers such as internal and external auditors. I had also mentioned that it may be beneficial for you to look at software packages to process the accounting function, possibly the use of ‘Scribe’, however as there are two sets of financials to prepare and these differ wildly this may not be of use to you but you will look into this. I trust that you will find everything to be in order and please let me know if I can be of any further assistance. Yours sincerely Clare Hutchinson CKH Accounts **St Michaels Farmhouse, 1 Stonesby Road, Saltby, Melton Mowbray, Leicester, LE14 4RF** ## **clare@ckhaccounts.co.uk / 07971 597447**