REGISTERED CHARITY NUMBER: 1113522
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
Chartham Village Hall Management Committee
A.K & Co (Accountancy Services) Ltd 19 Victoria Terrace
Hove East Sussex BN3 2WB
Chartham Village Hall Management Committee
Contents of the Financial Statements for the Year Ended 31 March 2024
| 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 | 9 |
| Detailed Statement of Financial Activities | 10 |
Chartham Village Hall Management Committee
Report of the Trustees for the Year Ended 31 March 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 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 Charisma, 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.
Going concern
After making appropriate enquiries, the trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.
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.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1113522
Principal address
21 St Dunstans Street Chartham Canterbury Kent CT2 8BH
Trustees
S Dungay Trustee C Sims Trustee C Manning Trustee S K Dixit Trustee (resigned 1.5.24) R Baines (resigned 1.5.24)
Independent Examiner
Oshka Nakuluwa Gamage (ACCA) A.K & Co (Accountancy Services) Ltd 19 Victoria Terrace Hove East Sussex BN3 2WB
continued...
Chartham Village Hall Management Committee
Report of the Trustees for the Year Ended 31 March 2024
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ C Manning - Trustee
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Independent Examiner's Report to the Trustees of Chartham Village Hall Management Committee
Independent examiner's report to the trustees of Chartham Village Hall Management Committee
I report to the charity trustees on my examination of the accounts of Chartham Village Hall Management Committee (the Trust) for the year ended 31 March 2024.
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
-
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.
Oshka Nakuluwa Gamage (ACCA)
A.K & Co (Accountancy Services) Ltd 19 Victoria Terrace
Hove East Sussex BN3 2WB
Date: .............................................
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Chartham Village Hall Management Committee
Statement of Financial Activities for the Year Ended 31 March 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 45,090 EXPENDITURE ON Charitable activities Direct costs 34,531 Administrative expenses 25,136 Total 59,667 NET INCOME/(EXPENDITURE) (14,577) RECONCILIATION OF FUNDS Total funds brought forward 40,629 TOTAL FUNDS CARRIED FORWARD 26,052 |
2023 Total funds £ 53,470 |
|---|---|
| 30,461 13,418 |
|
| 43,879 | |
| 9,591 31,038 |
|
| 40,629 |
The notes form part of these financial statements
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Chartham Village Hall Management Committee
Balance Sheet 31 March 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 4 4,992 CURRENT ASSETS Debtors 5 920 Cash at bank 21,741 22,661 CREDITORS Amounts falling due within one year 6 (1,601) NET CURRENT ASSETS 21,060 TOTAL ASSETS LESS CURRENT LIABILITIES 26,052 NET ASSETS 26,052 FUNDS 7 Unrestricted funds 26,052 TOTAL FUNDS 26,052 |
2023 Total funds £ 2,324 942 38,163 39,105 (800) 38,305 40,629 40,629 40,629 40,629 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
C Manning - Trustee
The notes form part of these financial statements
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Chartham Village Hall Management Committee
Notes to the Financial Statements for the Year Ended 31 March 2024
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.
Fixtures and fittings
- 20% on reducing balance
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. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
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Chartham Village Hall Management Committee
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | ||
|---|---|---|
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 53,470 | |
| EXPENDITURE ON | ||
| Charitable activities | ||
| Direct costs | 30,461 | |
| Administrative expenses | 13,418 | |
| Total | 43,879 | |
| NET INCOME | 9,591 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 31,038 | |
| TOTAL FUNDS CARRIED FORWARD | 40,629 | |
| 4. | TANGIBLE FIXED ASSETS | |
| Fixtures | ||
| and | ||
| fittings | ||
| £ | ||
| COST | ||
| At 1 April 2023 | 3,631 | |
| Additions | 3,916 | |
| At 31 March 2024 | 7,547 | |
| DEPRECIATION | ||
| At 1 April 2023 | 1,307 | |
| Charge for year | 1,248 | |
| At 31 March 2024 | 2,555 | |
| NET BOOK VALUE | ||
| At 31 March 2024 | 4,992 | |
| At 31 March 2023 | 2,324 |
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Chartham Village Hall Management Committee
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Prepayments | 920 | 942 | ||
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2024 | 2023 | |||
| £ | £ | |||
| Other creditors | 1,601 | 800 | ||
| 7. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.23 | in funds | 31.3.24 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 40,629 | (14,577) | 26,052 | |
| TOTAL FUNDS | 40,629 | (14,577) | 26,052 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 45,090 | (59,667) | (14,577) | |
| TOTAL FUNDS | 45,090 | (59,667) | (14,577) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement | At | |||
| At 1.4.22 | in funds | 31.3.23 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 31,038 | 9,591 | 40,629 | |
| TOTAL FUNDS | 31,038 | 9,591 | 40,629 |
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Chartham Village Hall Management Committee
Notes to the Financial Statements - continued for the Year Ended 31 March 2024
7. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 53,470 | (43,879) | 9,591 |
| TOTAL FUNDS | 53,470 | (43,879) | 9,591 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.22 | in funds | 31.3.24 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 31,038 | (4,986) | 26,052 |
| TOTAL FUNDS | 31,038 | (4,986) | 26,052 |
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 fund | 98,560 | (103,546) | (4,986) |
| TOTAL FUNDS | 98,560 | (103,546) | (4,986) |
8. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
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Chartham Village Hall Management Committee
Detailed Statement of Financial Activities for the Year Ended 31 March 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Donations Received | 45,090 | 53,470 |
| Total incoming resources | 45,090 | 53,470 |
| EXPENDITURE | ||
| Charitable activities | ||
| Insurance | 2,280 | 1,409 |
| Light and heat | 18,743 | 9,355 |
| Telephone | 1,575 | 1,207 |
| Postage and stationery | - | 5 |
| Deposit returned | 4,564 | 6,358 |
| Cleaning and waste | 13,031 | 13,188 |
| Hall maintenance | 16,936 | 10,915 |
| Subscriptions | 490 | 61 |
| Accountancy | 800 | 800 |
| Fixtures and fittings | 1,248 | 581 |
| 59,667 | 43,879 | |
| Total resources expended | 59,667 | 43,879 |
| Net (expenditure)/income | (14,577) | 9,591 |
This page does not form part of the statutory financial statements
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