# **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**| |---|---|---| ||||