Company no. 7272987 Charity no. 1138575
# **St Michael's Memorial Parish Hall Report and Financial Statements**
**31 March 2024**
## **St Michael's Memorial Parish Hall**
## **Contents**
|**For the year ended 31 March 2024**||
|---|---|
||**Page**|
|**Reference and administrative details**|1|
|**Report of the trustees**|2|
|**Independent examiners report**|4|
|**Statement of financial activities**|5|
|**Balance sheet**|6|
|**Notes to the financial statements**|7|
## **St Michael's Memorial Parish Hall**
## **Reference and administrative details**
|**For theyear ended**|**31 March 2024**|
|---|---|
|**Company number**|7272987|
|**Charity number**|1138575|
|**Registered Office**|27 St. Michael's Hill|
||Bristol|
||BS2 8DZ|
|**Operational**|44 St. Michael's Hill|
|**address**|Bristol|
||BS2 8DZ|
|**Trustees**|Veronica Lyell|
||Diane Auckland|
||Shruti Patel|
||Jane Barlow|
||Andy Hay|
||Nick Childs|
|**Independent**|Stepping Stones Accountancy Limited|
|**Examiner**|7c Hanham Hall|
||Whittucks Road|
||Hanham|
||Bristol|
||BS15 3FR|
1
**St Michael's Memorial Parish Hall**
## **Report of the trustees**
## **For the year ended 31 March 2024**
## **Objects**
The principal objects of the charity are to further or benefit the residents of and children attending school in the neighbourhoods surrounding St Michaels Hill in Bristol.
## **Appointment of Trustees**
The Board consists of a minimum of three trustees who are appointed by resolution of the trustees. The normal term of office is three years. There is one ex-officio trustee who is the Head teacher of St Michael's on the mount CEVC Primary School.
## **Organisation Structure**
The trustees must hold at least four meetings of the Board each year. The Board met four times during the year under review. If appropriate meetings can be held by suitable electronic means. The trustees can also establish committees and advisory boards as they see fit.
## **Review of the activities undertaken by the charity to further its purpose for public benefit**
The charity maintains close links with the school and has continued to provide facilities to the school and to residents of the neighbourhood for education, recreation or leisure with the object of improving the lives of such residents and school children.
The day to day management of the hall is currently under contract with BNS who are agents for the charity and responsible for the property management functions set out in the contract. The charity has no employees of its own.
The charity has raised the sum of £77,504 (2023 £48,676) during the year from hall hire and room bookings, of which around 79% (2023 65% / 2022 65%) has come from the school / Bristol City Council. This is significantly higher than the normal percentage split of income between the school and private bookings due to the re-charging of previously underpaid utility bills (from 2023).
There was total expenditure for the year amounting to £48,804 (2023 total expenditure of £72,725). Utility bills continue to be much higher than in previous years but the majority of these can be recharged to the council for the school use. The charity did not undertake any specific major works on parish hall but general maintenance and essential upgrading were required.
Following plans in 2022 to develop the dilapidated scout hut area, with a vision to creating a state-ofthe-art dance studio space as a hub for the local community and the wider based Bristol area, the Trust continued with designs and initial surveys to bring the project to planning stage with Bristol City Council. These costs are currently in Prepayments whilst the project is in planning stages so do not appear in the accounts 2023-24.
At the end of the year the charity had £79,222 (2023 £49,028) to carry forward in general reserves. The results are shown on Page 6 of the accounts.
The charity plans to continue its current activities in the following year to enable it to fulfil its principal objects. In the year ahead, the charity plans to invest in the proposed dance studio whilst maintaining and upgrading the parish hall building. General maintenance work will be funded from the income receipts.
## **Public benefit**
The trustees confirm that they have taken account of the Charity Commission's guidance on the public benefit requirements in making decisions.
2
**St Michael's Memorial Parish Hall**
## **Report of the trustees**
## **For the year ended 31 March 2024**
## **Funds Held as Custodian Trustee**
Although the Trustees manage the parish hall in accordance with the objects stated above, the parish hall is held by a permanent endowment trust, the St Michael's Memorial Parish Hall Trust, established by a scheme of the Charity Commission dated 5 October 2011. The charitable company is the corporate trustee of the separate charity, the St Michaels Memorial Parish Hall Trust. This is a permanent endowment trust and the company does not hold the hall as part of its own corporate property.
## **Reserves Policy**
The trustees intend to continue holding reserves of at least 9 months expenditure. The trustees regard this as the minimum level of reserves required in order to secure the charity's future.
## **Statement of responsibilities of the trustees**
The trustees are required to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources, including the net income or expenditure, of the charity for the year. In preparing those 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 accounting standards and statements of recommended practice 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 are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.
Approved by the trustees on 21 October 2024 and signed on their behalf by
Diane Auckland Trustee
Shruti Patel Trustee
3
## **Independent examiners report**
## **To the members of**
## **St Michael's Memorial Parish Hall**
I report to the charity trustees on my examination of the accounts of the company for the year ended 30th June 2024.
## **Responsibilities and basis of report**
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
Having satisfied myself that the accounts of the company are not required to be audited under part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination I have followed the directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
4. the accounts have not been prepared in accordance with the methods and principle of the Statement of Recommended Practice for accounting and reporting by charities.
I have no concerns and have come across no other matters in connection with the examination to which should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nathan Brady Stepping Stones Accountancy Ltd 7C Hanham Hall Whittucks Road Hanham Bristol BS15 3FR
21 October 2024
4
## **St Michael's Memorial Parish Hall**
**Statement of financial activities** _(incorporating an income and expenditure account)_
## **For the year ended 31 March 2024**
|Note
**Income from:**
Charitable activities
2
Investments
3
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
4
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
**Net income / (expenditure)**
**and net movement in funds**|Unrestricted
£
77,504
1,494
78,998
48,804
48,804
30,194
49,028
79,222|**2024**
**Total**
**£**
**77,504**
**1,494**
**78,998**
**48,804**
**48,804**
**30,194**
**49,028**
**79,222**|2023
Total
£
48,676
959
49,635
72,725
72,725
(23,090)
72,118
49,028|
|---|---|---|---|
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 10 to the accounts.
5
## **St Michael's Memorial Parish Hall**
## **Balance sheet**
## **As at 31 March 2024**
**----- Start of picture text -----**
2024 2023
Note £ £ £
Fixed assets
- -
Tangible fixed assets
- -
Current assets
Debtors 39,551 5,804
Cash at bank and in hand 53,942 53,640
93,493 59,444
Liabilities
Creditors: amounts falling due within 1 year 8 14,271 10,416
Net current assets 79,222 49,028
Net assets 9 79,222 49,028
Funds 10
Unrestricted funds:
General funds 79,222 49,028
Total charity funds 79,222 49,028
**----- End of picture text -----**
For the financial year in question the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
No members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.
Approved by the trustees on 21 October 2024 and signed on their behalf by
Diane Auckland Trustee
Shruti Patel Trustee
6
## **St Michael's Memorial Parish Hall**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **1. Accounting policies**
## **a) Basis of preparation**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
St Michael's Memorial Parish Hall meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
## **b) Going concern basis of accounting**
The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having considered the charity's ability to generate its own income over the next twelve months.
## **c) Income**
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.
## **e) Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.
## **f) Funds accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.
## **g) Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
## **h) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **i) Financial instruments**
The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.
7
## **St Michael's Memorial Parish Hall**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **2. Income from charitable activities**
|Fees from Room bookings
Fees from School usage
**Investment income**
Bank interest
Total investment income
**Expenditure**
Advertising & Marketing
Repairs & maintenance
Cleaning
Utilities
Waste
Telephone & internet
Insurance
Miscellaneous
Accountancy
Management fees
Total income from charitable activities
Total expenditure|£
15,852
61,652
77,504
£
1,494
1,494
Charitable
activities
£
145
8,604
10,038
15,761
774
335
2,342
-
900
9,905
48,804
Unrestricted
Unrestricted|**2024**
**Total**
**£**
**15,852**
**61,652**
**77,504**
**2024**
**Total**
**£**
**1,494**
**1,494**
**2024 Total**
**£**
**145**
**8,604**
**10,038**
**15,761**
**774**
**335**
**2,342**
**-**
**900**
**9,905**
**48,804**|2023
Total
£
17,234
31,442
48,676
2023
Total
£
959
959
2023 Total
£
145
25,082
11,165
21,352
1,023
261
2,022
12
900
10,763
72,725|
|---|---|---|---|
## **3. Investment income**
## **4. Expenditure**
8
## **St Michael's Memorial Parish Hall**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
**5. Taxation** The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
## **6. Tangible fixed assets**
|**Cost**
At 1 April 2023
Additions in year
Disposals at cost
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
Eliminated on disposal for the year
At 31 March 2024
**Net book value**
**At 31 March 2024**
At 31 March 2023
**Debtors**
Trade debtors
Prepayments
Other debtors
**Creditors: amounts due within 1 year**
Trade creditors
Accruals
Other creditors|Equipment
£
4,368
-
-
4,368
4,368
-
-
4,368
**-**
-
**2024**
**£**
**2,317**
**24,259**
**12,975**
**39,551**
**2024**
**£**
**8,367**
**5,464**
**440**
**14,271**|**Total**
**£**
**4,368**
**-**
**-**
**4,368**
**4,368**
**-**
**-**
**4,368**
**-**
-
2023
£
2,163
3,641
-
5,804
2023
£
6,796
3,620
-
10,416|
|---|---|---|
## **7. Debtors**
## **8. Creditors: amounts due within 1 year**
9
## **St Michael's Memorial Parish Hall**
## **Notes to the financial statements**
## **For the year ended 31 March 2024**
## **9. Analysis of net assets between funds**
|Tangible fixed assets
Current assets
Current liabilities
**Net assets at 31 March 2024**|£
-
93,493
(14,271)
**79,222**
Unrestricted
funds|**Total**
**funds**
**£**
**-**
**93,493**
**(14,271)**
**79,222**|
|---|---|---|
## **10. Movements in funds**
|**Total funds**
General funds
**Unrestricted funds**
**Total unrestricted**|At 1 April
2023
£
49,028
49,028
49,028|Income
£
78,998
78,998
78,998|£
(48,804)
(48,804)
(48,804)
Expenditure|£
**£**
-
**79,222**
-
**79,222**
-
**79,222**
**At 31 March**
**2024**
Transfers
between
funds|
|---|---|---|---|---|
## **11. Related party transactions**
There were no related party transactions during the period.
None of the trustees have been paid any remuneration or received any other benefits from an employment with the charity or a related entity. No trustee expenses have been incurred during the period.
10