Charity Number: 1113522
Unaudited Trustees’ Report and Financial Statements for the Year Ended 31 March 2022 for Chartham Village Hall Management Committee
Chartham Village Hall Management
Committee
Contents of the Financial Statements for the Year Ended 31 March 2022
| Page | |
|---|---|
| Charity Information | 1 |
| Trustees’ Report | 2 |
| Income & Expenditure Report | 3 |
| Balance Sheet | 4 |
| Notes to the Accounts | 5-6 |
| Detailed Income & Expenditure Report | 7 |
Chartham Village Hall Management Committee
Company Information for the Year Ended 31 March 2022
TRUSTEES: C Manning C Sims S Dungay REGISTERED OFFICE: 81 Rentain Road Chartham Canterbury Kent CT4 7JJ CHARITY REGISTERED NUMBER: 1113522 ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd 19 Victoria Terrace Hove East Sussex BN3 2WB
Page 1
Chartham Village Hall Management Committee
Trustees’ Report
for the Year Ended 31 March 2022
The Trustees present their annual report together with the financial statement of the Charity for the period 1 April 2021 to 31 March 2022. The Trustees confirm that the Annual report and financial statement of the charity comply with the current statutory requirements, the requirements of the charities governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities.
STRUCTURE, GOVERNANCE AND MANAGEMENT
There were no changes in any structure, governance and management for the period ended 31 March 2022.
OBJECTIVE AND ACTIVITIES
The Charity's activities during the year in line with its governing documents were:
For income to be applied for the purposes of a village hall for the use of the inhabitants of the parish of Chartham, without distinction of sex, sexual orientation, age, disability, nationality, race or political, religious or other opinions, including the use of property for meetings, lectures and classes of other forms of recreation and leisure, in the interests of social welfare and with the object of improving the conditions of life for the said inhabitants.
FINANCIAL REVIEW
Reserves policy
The trustees have reviewed the reserves of the charity, and have deemed no change is required.
Future plans
The charity intended to continue operating towards the aims and objectives stated above, in line with those set out in the charity governing documents.
Statement of trustees' responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year.
In preparing these financial statements the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees’ annual report was approved on ………………………………….. and signed on behalf of the board of trustees by:
...................................................................... Trustee
Page 2
Chartham Village Hall Management Committee
| INCOME Direct costs SURPLUS/(DEFICIT) Administrative expenses SURPLUS/(DEFICIT)FOR THE FINANCIAL YEAR |
Income Statement for the Year Ended 31 March 2022 2022 Notes £ 46,372 4,485 41,887 32,841 9,046 |
2021 £ 27,689 4,202 23,487 30,556 (7,069) |
|---|---|---|
| Notes |
The notes form part of these financial statements
Page 3
Chartham Village Hall Management Committee (Registered number: 1113522)
Balance Sheet 31 March 2022
| Notes FIXED ASSETS Tangible assets 4 CURRENT ASSETS Cash at bank NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Excess of Receipts over Payments 5 |
2022 £ 28,133 |
£ 2,905 28,133 31,038 31,038 31,038 |
2021 £ 21,992 |
£ - 21,992 21,992 21,992 21,992 |
|---|---|---|---|---|
The financial statements were approved by the trustees’ and authorised for issue on ............................................. and were signed by:
........................................................................ Trustee
The notes form part of these financial statements
Page 4
Chartham Village Hall Management Committee
Notes to the Financial Statements for the Year Ended 31 March 2022
1. STATUTORY INFORMATION
Chartham Village Hall Management Committee is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2. ACCOUNTING POLICIES
Statement of Compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the 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) (Charities SORP (FRS 102)).
Basis of Preparation
These financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going Concern
There are no material uncertainties regarding the charity’s ability to continue.
Income
Income is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
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 etc
- 20% on cost
Taxation
The charity is exempt from corporation 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.
3. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022.
continued...
Page 5
Committee
Chartham Village Hall Management
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
4. TANGIBLE FIXED ASSETS
| 4. | TANGIBLE FIXED ASSETS | |
|---|---|---|
| Fixtures | ||
| and | ||
| fittings | ||
| £ | ||
| COST | ||
| Additions | 3,631 | |
| At 31 March 2022 | 3,631 | |
| DEPRECIATION | ||
| Charge for year | 726 | |
| At 31 March 2022 | 726 | |
| NET BOOK VALUE | ||
| At 31 March 2022 | 2,905 | |
| 5. | RECEIPTS & PAYMENTS ACCOUNT | |
| Surplus/(Deficit) | ||
| £ | ||
| At 1 April 2021 | 21,992 | |
| Profit for the year | 9,046 | |
| At 31 March 2022 | 31,038 |
Page 6
Chartham Village Hall Management
Committee
Chartham Village Hall Management Committee
| Trading and Profit and Loss Account for the Year Ended 31 March 2022 2022 £ £ Income Received 46,372 Direct Costs Deposit Returns 4,485 GROSS SURPLUS/(DEFICIT) 41,887 Administrative Expenditure Utilities 9,620 Insurance 1,832 Telephone 850 Hall Maintenance 12,684 Cleaning and Waste 6,329 Sundry expenses 5 Accountancy 265 Subscriptions 530 32,115 9,772 Depreciation Fixtures and fittings 726 NET SURPLUS/(DEFICIT) FOR THE YEAR 9,046 |
2021 £ 15,126 - 709 9,597 3,745 895 260 224 |
£ 27,689 4,202 23,487 30,556 (7,069) - (7,069) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 7