The Village Hall and Recreation Ground Fund REGISTERED CHARITY NO. 1188925
UNIFYING FINANCIAL STATEMENTS
FOR THE
YEAR ENDED 31[ST] DECEMBER 2022
The Village Hall and Recreation Ground Fund
STATEMENT AS AT 31[ST] DECEMBER 2022
| Accumlated Funds as at 1st January 2022 Net Surplus for year Investment Revaluation Reserve Accumulated Funds as at 31st December 2022 Playground Cyclical Maintenance Provision Total Funds as at 31st December 2022 Represented By : Investments : COIF Fund (Permanent Fund) Cash : Nat West reserve account Recreation Ground Lloyds Playground Maintenance Provision Lloyds Current Account Village Hall Nat West Current Account Recreation Ground Lloyds Maintenance Current Account Total Liquid Balances Debtors |
Notes 5 2 5 2 4 |
2021 £ 432,163 (521) 45,988 477,630 1,828 £479,458 418,132 2,937 1,828 11,976 907 43,678 479,458 0 £479,458 |
2022 £ 477,630 7,865 52,403 537,898 1,828 £539,726 470,535 5,959 1,828 14,165 1,712 45,527 539,726 0 539,726 |
|---|---|---|---|
The Village Hall and Recreation Ground Fund
INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 31[ST] DECEMBER 2022
| INCOME Rent : Village Hall Rent : Recreation Ground Transfer from Upkeep & Maintenance A/C Interest / Dividend from Reserve Account Dividends received on Investments – Maintenance Account Other income Grant Rent from Parish Council for Parish Office Interest from Recreation Current Account (302692) TOTAL INCOME FOR YEAR EXPENDITURE Boughton Monchelsea Village Hall The Recreation Ground TOTAL EXPENDITURE FOR YEAR NET SURPLUS FOR YEAR |
Notes 1 3 1 |
2021 2022 £ £ 23,951 48,717 0 650 0 0 2,937 3,026 9.952 10,213 0 10 16,497 3,367 0 584 53,337 66,567 910 804 £54,247 £67,371 54,766 56,566 2 2,940 £54,768 £59,506 (£521) £7,865 |
|---|---|---|
The Village Hall and Recreation Ground Fund
NOTES
1. ACCOUNTING POLICIES
Income
All income received or earned during the year is included in the Income and Expenditure Account.
Expenses
All expenditure incurred during the year and some outstanding items at the end of the year are included in the Income and Expenditure Account.
Repairs
Repairs and maintenance costs are met during the financial year when incurred, with the exception of playground equipment repairs which relate to maintenance work undertaken at intervals over a long time span and are therefore borne from a provision for future playground maintenance built up for this purpose.
2. PLAYGROUND CYCLICAL MAINTENANCE PROVISION
| Balance as at 1stJanuary 2022 Balance as at 31stDecember 2022 |
2021 £1,828 £1,828 |
2022 £1,828 £1,828 |
|---|---|---|
The Village Hall Committee have agreed to transfer funds into the playground provision fund when funds are available.
3. BOUGHTON MONCHELSEA RECREATION GROUND FUND (Charity No.
290872)
The Recreation Ground Charity is the sole beneficiary of the Boughton Monchelsea Recreation Ground Fund, established by the Boughton Monchelsea Parish Council. During the year £5,959 was received.
4. DEBTORS
| Debtors consisted of the following : | 2021 £0 |
2022 |
|---|---|---|
| £0 |
5. INVESTMENTS
Investments represent funds invested in the Charities Official Investment Fund in respect of the Permanent Endowment. At 31[st] December 2022, the market value of the investment was £470,535. An increase of £52,403 during the year.
| Balance as at 1stJanuary 2022 Increase / Decrease in value of investment Balance as at 31stDecember 2022 |
2021 £372,144 £45,988 £418,132 |
2022 £418,132 £52,403 £470,535 |
|---|---|---|
YEAR ENDED 31[ST] DECEMBER 2022
| INCOME Recreation Ground Current A/C Div/Int Dividends from Upkeep and Maintenance A/C Village Hall – Rent Rent from PC for Parish Office Recreation Ground – Rent Recreation Ground Reserve A/C Div/Int Grant Other Income Total Income EXPENDITURE Deposit refunds / cancellation returns Wages Water Gas Electricity (hall and pavilion) Internet Rec Payment Waste Disposal Cleaning / Consumables Upkeep and maintenance (hall and rec) Licences and subscriptions Insurance Window cleaning Redevelopment Other Accounts audit Total expenditure Income / Expenditure (Net Surplus for the year) |
2021 910 9,952 23,951 0 0 2,937 16,497 0 £54,247 -- 10,668 1,811 3,240 1,871 571 27 1,070 11,797 16,964 180 1,588 300 4,530 151 0 £54,768 (£521) |
2022 804 10,213 48,717 584 650 3,026 3,367 10 £67,371 8,624 11,237 4,587 4,895 2,883 403 0 1,624 11,939 8,364 240 1,499 0 0 3,011 200 £59,506 £7,865 |
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