Company Registration Number: 7470307 Charity Registration Number: 1144407
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2023
for
Marcham Community Group
(A Company limited by guarantee)
Green Accountancy Limited Association of Chartered Certified Accountants Witney Business and Innovation Centre Windrush Park Road Witney Oxfordshire OX29 7DX
Marcham Community Group
Contents
| Charity information | 1 |
|---|---|
| Report of the trustees | 2 to 8 |
| Independent Examiner's Report | 9 |
| Statement of Financial Activities | 10 |
| Balance Sheet | 11 to 12 |
| Notes to the Financial Statements | 13 to 21 |
Marcham Community Group
Reference and administrative details
Registered Company limited by guarantee number in England and Wales
7470307
Registered Charity number
1144407
Registered office
Village Hall Barrow Close Marcham Abingdon Oxfordshire OX13 6TY
Trustees
James Asher Suzanne Crafer Daniel Barnes Trevor John Hill Colin Peter Trinder Ruth Elizabeth Mander Adam Patrick Grady Michael Trevredyn Hoath Geoffrey Paul Dix Mark John Harvie (appointed 6 Oct 2022)
Accountant
David Wilsdon FCCA Association of Chartered Certified Accountants Green Accountancy Limited Witney Business and Innovation Centre Windrush Park Road Witney Oxfordshire OX29 7DX
Page 1
Marcham Community Group
Report of the trustees for the year ended 31 March 2023
Marcham Community Group is a company limited by guarantee, whose members are individuals paying annual subscriptions and interested in furthering the Objects of the charity. The Objects of the charity, the powers of the trustees and the regulations concerning their appointment are set out in the Articles of Association.
Objectives and activities
The Objects of Marcham Community Group (MCG), as a charity, are the provision for the benefit of the inhabitants of Marcham and the surrounding area of facilities (including a community building and playing fields) for meetings, lectures and classes, and for other forms of recreation or other leisure-time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.
Structure, Governance and Management
MCG is a charity and company limited by guarantee. It is run by a board of trustees (also directors under the Companies Act) which is responsible for strategic decisions, setting policies and approving material expenditure. Three committees report to the trustees: Hall Committee, Field Committee and Finance & General Purposes Committee on matters of day to day operations. Each committee is chaired by a trustee. We have a head of Finance on the board of trustees responsible for book-keeping and setting up contracts.
The trustees have had regard to Charities Commission guidance on public benefit, which is an explicit component of the objects of the charity aimed at the local community.
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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).
Reference and administrative details
Company limited by guarantee, registered in England no. 7470307 and registered Charity no. 1144407.
Page 2
Marcham Community Group
Report of the trustees for the year ended 31 March 2023
Activities
The hall, Multi-Use Games Area (MUGA) and car park are owned by Marcham Parish Council and leased to MCG on a 99-year lease (from 19th June 2020); the recreation fields surrounding the village hall, in the ownership of the Arthur Anson Trust, are leased to the Parish Council and subleased to MCG, for the same 99-year period. MCG operates and manages these facilities for the local community.
A paid part-time Coordinator manages bookings and hirers on a day-to-day basis and also covers a part-time cleaning role. A paid part-time Caretaker undertakes external tidying and grounds maintenance, cleaning of the changing rooms, as well as providing cover for the Coordinator in assisting hirers.
Achievement and Performance
The financial year ended 31st March 2023 was the first year in which Marcham Community Group was expecting to run Marcham Centre village hall and recreation facilities under essentially normal conditions. The facilities received steady use from regular hirers including community groups, with some new hirers emerging, and significant and growing demand from local people for private functions.
Financial Review
The Budget and Business Plan for 2022-23 was subject to uncertainties following two years of intermittent activities due to Covid lockdown measures and recovery of the general economy.
During that time, MCG was eligible for and had received Treasury grants via Vale Business Support for leisure businesses forced to close during lockdown periods. These had helped us to meet fixed costs during periods with no, or heavily reduced, hire income.
Having weathered that period of disruption, we were faced in 2022-23 with the impact of the hikes in energy prices affecting everyone, and the subsequent wider inflation which has increased our costs. We received a grant within the year to help offset the increases in our energy costs. The trustees took a decision not to increase our hire charges in the current year, in view of the pressures of inflation on people in our local community and to try to deliver for our users within the envelope of demand at current rates and increasing costs, with an emphasis on seeking to attract more users/hirers.
Page 3
Marcham Community Group
Report of the trustees for the year ended 31 March 2023
Trading Company
The trading subsidiary, Marcham Community Trading Ltd (“MCT”), wholly owned by the charity, operates the bar under terms of an agreement with MCG, paying a monthly rent for the facilities and donating profits to MCG under charity Gift Aid arrangements as approved by HMRC.
MCT currently has three directors (of whom two are statutory) responsible for running MCT, which is currently entirely staffed by volunteers. MCT has separate accounts which are independently reviewed by our accountant. MCT passed the turnover threshold for VAT registration within the year.
As a result of the trading surplus in the previous financial year 2021-22, MCT made a gift-aided donation to the charity of £27,939 during FY2022-23.
MCG Community Investment Fund
The trustees of MCG took a unanimous decision during the financial year that this, and any future, gift-aided donation from MCT would be designated to provide an MCG Community Investment Fund, which will be used to provide capital equipment for community use purposes, to support community groups and community activities and to extend the facilities to enable activities to benefit the community. Within this first year, the fund had been used to subsidise community activities using Marcham Centre where their financial position and/or their early start-up status meant that they would otherwise struggle to be viable. This has helped us fulfil our charitable Objects. We have locally advertised availability of this fund, inviting applications, and expect to be providing equipment for specific purposes during FY2023-24.
Page 4
Marcham Community Group
Report of the trustees for the year ended 31 March 2023
Reserves Policy
The trustees’ policy on reserves is to maintain sufficient cash reserves to provide working capital support for operating costs including minor repairs/maintenance for a forward period of up to 12 months. This period of cover may be reduced in future years when the longer-term pattern of income and expenses becomes more clearly established. In particular, the increasing cost of energy and the more general inflationary environment means we will have to ensure we retain adequate cash reserves and potentially review our sources of income, with the likelihood of some call on reserves to support operations in the short term.
In addition, and in line with a requirement of the leases and Management Agreement with Marcham Parish Council, the charity is required to contribute to a sinking fund (which is held as a Restricted Fund in a separate interest-bearing 90-day notice bank account) by making payments from general funds of at least £5,000 per year, starting by April 2022; this fund can be spent only on major maintenance work on the facilities with approval of the Parish Council. Reserves therefore will need to be held to cover these required annual contributions, in addition to working capital needs. MCG has met this commitment to date and the payment of £5,000 due for 2022-23 was made into that fund prior to April 2023.
With a sizeable cash balance, and bank interest rates returning to more material levels, the trustees decided to place a large part of the cash balance in an interest-bearing 90-day savings account opened for that purpose. Sufficient balance is retained in the current account to meet short-term calls for cash. Longer-term cash commitments are reviewed at least monthly to retain the benefit of the notice period of this account.
Page 5
Marcham Community Group
Report of the trustees for the year ended 31 March 2023
Cash at bank
We closed the year with total MCG funds at bank of £96,075, of which £3,657 is returnable hirer deposits; £569 is owed to Marcham Community Trading; £5,050 is restricted funds; £10,012 is the designated Capital (sinking) fund; £27,739 is the designated Community Investment fund; and the balance of cash in General funds is £49,048.
The designated Capital (sinking) fund, arises from a lease requirement to put at least £5,000 per year into a separate account for long-term major building refurbishment (requiring explicit Parish Council approval), with an indefinite but long timescale (perhaps 10-20 years) before expenditure is required. This fund is held in a separate interest-bearing deposit account, which earned £12 in interest during the year.
The designated Community Investment fund is used to provide finance and grants for expenditure to assist community groups and for Marcham Centre projects with an identifiable community benefit. This fund is financed by money gift-aided from Marcham Community Trading, which operates the bar facilities in Marcham Centre. The expenditure timescale for this fund is dependent on the rate and size of suitable grant applications, and on identified projects in Marcham Centre, which are subject to an approval process set by the trustees. The income received each year is expected to be spent on a timescale of 1-3 years.
Page 6
Marcham Community Group
Report of the trustees for the year ended 31 March 2023
Recruitment and appointment of new trustees
The trustees are accountable to the local community through the membership of the charity and are elected by votes of members at each AGM. The trustees seek to maintain a set of skills on the board that we need to operate effectively, for example, operational, financial and marketing skills. The trustees proactively invite and consider people who may have skills appropriate to becoming trustees from amongst those currently serving on one or more of the four committees that support the board. Our preference currently is to invite people interested in helping to join one of the committees first, so that they can gain an understanding of the operation of the charity. We also make an open invitation to local residents, normally in advance of the AGM, to ask anyone interested in becoming a trustee to seek more information and to make an application for election (proposed by an existing member).
Volunteers
The trustees do not run operations on their own and rely heavily on teams of volunteers to run and maintain the facilities, working alongside our two part-time paid employees. All activities, whether for general village activities (such as the Big Marcham Weekend events), private organisations (like Harmony Inspires) or commercial hirers (like Zumba and pilates classes) are run by others. We welcome new activities and would be happy to work with organisations (and individuals) to establish activities that are for the benefit of the community.
In addition, most of the regular maintenance work to keep the facilities in good condition is delivered by volunteers. A big re-decoration project was carried out by a team of volunteers during a scheduled Christmas/New Year closure at the end of 2022, with deep cleaning, installation of dado rails and painting of internal walls and low-level woodwork. Their dedication enabled this to be completed in a timely way and saved significant costs at a time of budget pressures.
We are hugely grateful to all volunteers who either run or support the activities in Marcham Centre for their time and dedication.
Exceptions from disclosure
None.
Funds held as custodian trustee on behalf of others
Damage deposits made in advance of facility hires are held on behalf of hirers ahead of the date of hire, and if all is satisfactory, these are returned to hirers. These deposits and hire fees paid in advance for hires in the following financial year are held in a restricted fund until the date of hire, when they are either re-paid or accounted for as income. During the year, we also held funds on behalf of Marcham Community Trading Ltd.
Page 7
Marcham Community Group
Report of the trustees for the year ended 31 March 2023
Trustees' responsibilities
The Trustees are responsible for preparing the Trustees Annual Report and the Trustees Report and Accounts in accordance with applicable law and regulations.
Each of the persons who is a trustee at the date of approval of this report confirms that:
-so far as each Trustee is aware , there is no relevant audit informa on of which the charity’s auditor is unaware; and
-each Trustee has taken all steps that they ought to have taken as a Trustee to make themself
aware of any relevant audit information and to establish that the charity’s auditor is aware of that information.
18/09/2023
The annual report of the trustees was approved by the trustees on ............................................. and signed on its behalf by:
James Asher Trustee
Page 8
Independent Examiner's Report to the Trustees of Marcham Community Group
Independent Examiner's Report to the Trustees of Marcham Community Group ('the company')
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 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 charity'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:
-
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 principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Green Accountancy Association of Chartered Certified Accountants Green Accountancy Limited Signal Court Old Station Way Eynsham Witney Oxfordshire OX29 4TL
06/11/2023
Date: .............................................
Page 9
Marcham Community Group
Statement of Financial Activities for the year ended 31 March 2023
| Unrestricted funds Note £ Incoming resources Income and endowments from: Donations and legacies 3.1 35,030 Charitable activities - income 3.2 61,422 Other trading activities 3.3 - Investment income 3.4 12 Total Income 96,464 Resources expended Expenditure on: Raising funds - Charitable activities - expenditure 4.1 69,432 Bar trading costs 36 Total expenditure 69,468 Net income/(expenditure) before transfers 26,996 Transfers between funds 8,852 Net movement in funds 35,848 Reconciliation of funds: Total funds brought forward 81,651 Total funds carried forward 117,499 |
Restricted funds £ 4,778 - - - 4,778 - 5,491 - 5,491 (713) (8,852) (9,565) 14,615 5,050 |
Total 2023 £ 39,808 61,422 - 12 101,242 - 74,923 36 74,959 26,283 - 26,283 96,266 122,549 |
Total 2022 £ 27,126 44,585 15,860 - |
|---|---|---|---|
| 87,571 | |||
| 739 69,022 9,354 |
|||
| 79,115 | |||
| 8,456 - |
|||
| 8,456 87,810 |
|||
| 96,266 |
Continuing operations
All income and expenditure has arisen from continuing activities.
Page 10
Charity Number 1144407
Marcham Community Group
| Balance Sheet as at 31 March 2023 Unrestricted funds Note £ Fixed assets Tangible assets 5.1 28,395 Investments 5.2 1 Total fixed assets 28,396 Current assets Debtors 6 6,037 Cash at bank and in hand 7 91,025 Total current assets 97,062 Creditors: amounts falling due within one year 8 7,959 Net current assets/(liabilities) 89,103 Total net assets 117,499 Funds of the Charity Unrestricted funds 9,10 117,499 Restricted income funds 9,10 Total funds 117,499 |
Company Number 7470307 Restricted Total Total funds 2023 2022 £ £ £ - 28,395 43,142 - 1 1 - 28,396 43,143 - 6,037 4,750 5,050 96,075 62,160 5,050 102,112 66,910 - 7,959 13,787 5,050 94,153 53,123 5,050 122,549 96,266 117,499 81,651 5,050 5,050 14,615 5,050 122,549 96,266 |
Company Number 7470307 Restricted Total Total funds 2023 2022 £ £ £ - 28,395 43,142 - 1 1 - 28,396 43,143 - 6,037 4,750 5,050 96,075 62,160 5,050 102,112 66,910 - 7,959 13,787 5,050 94,153 53,123 5,050 122,549 96,266 117,499 81,651 5,050 5,050 14,615 5,050 122,549 96,266 |
|---|---|---|
| 43,143 | ||
| 4,750 62,160 |
||
| 66,910 13,787 |
||
| 53,123 | ||
| 96,266 | ||
| 81,651 14,615 |
||
| 96,266 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for :
a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
Page 11
Marcham Community Group
Charity Number 1144407
Balance Sheet as at 31 March 2023
Company Number 7470307
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by:
............................................. James Asher Trustee
18/09/2023
Page 12
Marcham Community Group
Notes to the Financial Statements for the year ended 31 March 2023
1 Basis of preparing the financial statements
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts 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 with the Charities Act 2011.
The charity is a Company limited by guarantee and constitutes a public benefit entity as defined by FRS 102.
2 Accounting Policies
Income
Income is included in the Statement of Financial Activities (SoFA) when:
-
the charity becomes entitled to the resources; and
-
it is more likely than not that the trustees will receive the resources; and
-
the monetary value can be measured with sufficient reliability.
Income from membership subscriptions
Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies.
Investment gains and losses
This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
Grants and donations
Grants and donations are included in the SoFA when the general income recognition criteria are met.
In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met.
Tax reclaims on donations and gifts
Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
Page 13
Marcham Community Group
Notes to the Financial Statements for the year ended 31 March 2023
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Expenditure
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.
Governance and support costs
Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
Tangible fixed assets
These are capitalised if they can be used for more than one year, and cost at least £200. They are valued at cost.
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture and equipment - 25% Straight Line Basis
Work in progress
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Taxation
The charity registered as a charity on 15 December 2010 and since that date has been exempt from corporation tax on its charitable trading 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.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Page 14
Marcham Community Group
Notes to the Financial Statements for the year ended 31 March 2023
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.
Liability recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
The charity has creditors which are measured at settlement amounts less any trade discounts
Page 15
Marcham Community Group
Notes to the Financial Statements for the year ended 31 March 2023
3.1 Income from donations and legacies
| Unrestricted funds £ Grants Received - Donations received 29,061 Gift Aid received 4,950 Pump income 1,019 Total donations and legacies 35,030 Unrestricted funds Grants included in the above amounts: £ Marcham Parish Council Grant for Grass Cutting - Oxford Community Fund OCF CBESS GRANT - Vale of White Horse Lockdown Grant - Covid Grant - VWHDC - S106 Art project funding grant - VWHDC - New Homes Bonus Grant - Total grants - 3.2 Income from charitable activities Unrestricted funds £ Field events 2,309 Fundraising Event Income - Hall hire 46,159 Membership subscriptions 376 MUGA - Income 1,178 Hall - Marcham Community Trading 11,400 Total income from charitable activities 61,422 |
Restricted funds £ 3,700 1,078 - - 4,778 Restricted funds £ 2,900 800 - - - - 3,700 Restricted funds £ - - - - - - - |
Total 2023 £ 3,700 30,139 4,950 1,019 39,808 Total 2023 £ 2,900 800 - - - - 3,700 Total 2023 £ 2,309 - 46,159 376 1,178 11,400 61,422 |
Total 2022 £ 21,567 5,021 - 538 |
|---|---|---|---|
| 27,126 | |||
| Total 2022 £ 4,100 - 8,000 2,667 1,950 4,850 |
|||
| 21,567 | |||
| Total 2022 £ 2,205 546 31,101 474 759 9,500 |
|||
| 44,585 |
Page 16
Marcham Community Group
Notes to the Financial Statements for the year ended 31 March 2023
3.3 Income from other trading activities
| Unrestricted funds £ Bar income - Total income from other trading activities - 3.4 Investment income Unrestricted funds £ Interest received 12 Total investment income 12 Total income 96,464 4.1 Charitable activities - expenditure Unrestricted funds £ Direct cost of charitable activity: Salaries - Gross Pay 15,480 Salaries - Employer's NI 794 Hall Costs 21,803 Depreciation charge 19,872 Field Costs 3,102 Insurance 2,592 Pump Costs 1,795 MUGA Costs 889 Bookkeeping 293 Other Costs 417 Website 41 Governance (see note 4.2) 2,354 Total expenditure on charitable activities 69,432 |
Restricted funds £ - - Restricted funds £ - - 4,778 Restricted funds £ - - 800 - 4,691 - - - - - - - 5,491 |
Total 2023 £ - - Total 2023 £ 12 12 101,242 Total 2023 £ 15,480 794 22,603 19,872 7,793 2,592 1,795 889 293 417 41 2,354 74,923 |
Total 2022 £ 15,860 |
|---|---|---|---|
| 15,860 | |||
| Total 2022 £ - |
|||
| - | |||
| 87,571 | |||
| Total 2022 £ 13,248 661 22,273 19,166 6,154 2,347 1,717 513 234 100 20 2,589 |
|||
| 69,022 |
Page 17
Marcham Community Group
Notes to the Financial Statements for the year ended 31 March 2023
4.2 Support costs
All support costs are allocated to the single charitable activity of the charity and are included above.
| Governance costs included above Unrestricted funds £ Accountancy 1,118 Legal Fees 525 Statutory Returns 13 Independent examination 698 Total governance costs 2,354 |
Restricted funds £ - - - - - |
Total 2023 £ 1,118 525 13 698 2,354 |
Total 2022 £ 1,200 728 13 648 |
|---|---|---|---|
| 2,589 |
Trustee remuneration
None of the trustees were remunerated during the year or the previous year. No trustee expenses were paid during the year.
4.3 Staff costs
| Average headcount in the year: | 2023 | 2022 |
|---|---|---|
| Charitable activities | 1 | 1 |
There were no ex-gratia payments made and no redundancy payments made. There are no staff working for the charity who were paid more than £60,000.
| 5.1 Tangible fixed assets Cost At 1 April 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Charge for year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 |
Furniture & Equipment £ 76,986 5,125 82,111 33,844 19,872 53,716 28,395 43,142 |
Totals £ 76,986 5,125 |
|---|---|---|
| 82,111 | ||
| 33,844 19,872 |
||
| 53,716 | ||
| 28,395 | ||
| 43,142 |
Page 18
Marcham Community Group
Notes to the Financial Statements for the year ended 31 March 2023
5.2 Investments
| 100% Share in Marcham Community Trading Ltd (company number 13415962) 6 Debtors Unrestricted Restricted Total funds funds 2023 £ £ £ Debtors 2,742 - 2,742 Hall hire to be billed 3,295 - 3,295 Total debtors 6,037 - 6,037 7 Cash at bank and in hand Unrestricted Restricted Total funds funds 2023 £ £ £ Current Account 31,013 5,050 36,063 Deposit Account 60,012 - 60,012 Unbanked donations - - - Total cash at bank and in hand 91,025 5,050 96,075 8 Creditors: amounts falling due within one year Unrestricted Restricted Total funds funds 2023 £ £ £ Hall deposits 1,480 - 1,480 Prepaid hall bookings 2,177 - 2,177 Creditors 179 - 179 Accrued expenditure 3,554 - 3,554 Owed to the trading company 569 - 569 Total creditors due within one year 7,959 - 7,959 |
Share in Subsidiary £ 1 |
|---|---|
| Total 2022 £ 1,571 3,179 |
|
| 4,750 | |
| Total 2022 £ 57,117 5,000 43 |
|
| 62,160 | |
| Total 2022 £ 1,800 1,871 - 5,518 4,598 |
|
| 13,787 |
Page 19
Marcham Community Group
Notes to the Financial Statements for the year ended 31 March 2023
9 Charity funds - current year
| Unrestricted funds Designated fund Community Investment Fund Capital fund required by lease Restricted funds Furniture & equipment grant Vale of White Horse art project grant MPC grass cutting grant Capital fund required by lease Marcham Players OCF CBESS GRANT Total funds 10 Charity funds - previous year Fund name: Unrestricted funds Designated fund Restricted funds Furniture & equipment grant Lottery grant Vale of White Horse art project grant MPC grass cutting grant Capital fund required by lease MPC sound absorbers grant Total funds |
At 1 April 2022 £ 81,651 - - 4,399 660 4,556 5,000 - - 96,266 At 1 April 2021 £ 44,678 7,000 8,972 977 18,309 2,874 - 5,000 87,810 |
Net movement in funds £ (754) 27,739 12 100 (1,791) - 978 - 26,284 Net movement in funds £ 11,038 (7,000) 1,822 (977) 1,891 1,682 - - 8,456 |
Transfers between funds £ (1,148) - 10,000 (3,352) (500) - (5,000) - - - Transfers between funds £ 25,935 - (6,395) - (19,540) - 5,000 (5,000) - |
At 31 March 2023 £ 79,749 27,739 10,012 1,147 160 2,765 - 978 - |
|---|---|---|---|---|
| 122,550 | ||||
| At 31 March 2022 £ 81,651 - 4,399 - 660 4,556 5,000 - |
||||
| 96,266 |
Page 20
Marcham Community Group
Notes to the Financial Statements for the year ended 31 March 2023
11 Related Party Transactions
Marcham Community Trading Ltd (company number 13415962)
A 100% owned subsidiary
During the period the charity received £11,400 (2022: £9,500) from Marcham Community Trading Ltd for hall hire.
Marcham Community Trading Ltd also made a donation of £27,939 (2022: NIL).
At 31 March 2023, £569 (2022: £4,598) was owed between the parties. Future donations are expected from Marcham Community Trading Ltd, depending on the company’s trading surplus.
Page 21