Charity regi$trdtion numbèr 200693 EVERSHOLT PAROCHIAL CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
EVERSHOLT PAROCHIAL CHARITY LEGALAND ADMINISTRATIVE INFORMATION Trustees Mrm Hood Mr P F Collin$ Ms C Dohety Dr N Muler Miss J Todd. Ve Chaii hnf S Smith P RKhardson Mrs A Blomfld Mrs C Howell M$ S Denton Mr S Cc41igr, Chalr Charty number 200693 kndependent exminer Darren Croucher Bsc {Hons). FCCA. FCA. Crou¢her$ Ltd 2 Copperhouse Court Caldecoite Mihon Keynes Buckinghamshire K7 8NL
EVERSHOLT PAROCHIAL CHARITY CONTENTS Page Truslee5' report Indopendenl examinerfs report Slatemenl cf financial aotivities Balance sheet Notes lo the finanaal st8lement$ 10-16
EVERSHOLT PAROCHIAL CHARITY TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The Trust prèsènt their annu81 report aNI financial statements forihe year ended 31 December2023. Tho financial statem8nts hav8 been prepwed in accordance with the a¢counling pc4¢iè$ set out in note 1 to the nancial $tstemenls and comply with the Charity's tgoveming documenll. the Charities Act 2011 and "Accounting and Reporting by Charitses.. Slalernenl of Recommended Pra¢bce applicable to chariti8s preparing their accounts in accordance with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021" {effectNe 1 January 2019). Obl•¢llve¥ and xtlvllts The folowing provKl88 an overview of Er$hOlI Paro¢hi•l Chality's activli8s lor the year 8nd8d 31st D8cember 2023. The Charity's aims are lo support the upkeep of the Parish Church, relief csf l¢¢èl people in need and the gen&ral benefft of the inhabitants of the village of Eversholt in such manner as the Injslees Ihlnk ltt. The Chaiity 8¢hieves its aims by maknng grants Icallèd Thirds) to thè Church, to thè edUcatn of children and Ih05e in highor education or vocational training- and to Ih03e in rd via the Wellbein9 TINrd. As of 0mber 2023 Er$holl Parochial Charty Trustees were as follows.. na Blomffield ulie Todd (Vice Chair} Reverend R8¢hel Snow lfrom 14th ugust 2023) aul Collin imon Collier (Chairl leven Smith rolyn Howell alherine Doherty rah Denton ike Hood alhalie Muller al Richardson A8 established, Trustee meetings Continued to alternate bthveen berng focussed on general matters and property matters. Property meeting5 were allended by repre$enlativ&s from our managing agents. Carter Jonas, who also provhjed rep updates for those meeting8 and intewim reports as requirod. M8ètsngs in the year wer8 hold in Eversholl Wdlage Hall. 13th February 2023 IGeneraVCharty Meefjng) 17th April 2023 IBusinesslProperty Meeting) 12th Jun¥ 2023 (Gènerallcharity Meeting) 14th August 2023 IBusnesslPToperty Meelingi 9th October 2023 {G8neraVCharity Meelingl 11th De¢embtrr 2023 IBusinessTrrop8ty Meeting) JI meetings were also attended by our C( Karen Barkei who prepared agenda$ In adva and minutés of each meeting..
EVERSHOLT PAROCHIAL CHARITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Our land agents, Carter Jonas LLP, manage the eslale on a daY.1daY basis wKh regular wmm1CatIon8 to th& chair. property sulFgroup. and all Iruslees In OGlober the twstees agroed a po&cy for the relettlng of charfty propgrti8s. It was agreed that our managing agents. Carter Jonas, would hold a regisleT of intere51 of residents1$ldÈnts. families interesled in renting a Charity property. This would be COTnmunicaled through About Eversholl. Those on the register would then be given first option when a property becomes available before advert15ing. There would not be any sele¢tKn criteria us8d. A notification of 8vailabEe property wwld also be placed 10 the village WhatsApp group. During 2023 Iruslees became involved wtth an &n8rgy project 'Greens3nd Community Energy Group, and Communty Energy South in developing ¢arbon saving inf(iatives within local cL)mmuntbes. This inclLkled funding our Village Agent, Lyzzig, lo attend a course on energy efficienclgs lo assist with her work around the W¢llbeing Third. The Iruslees continue lo engage with th• project which is researching solar and community heating schemes both in règards to the Chaiities estate trMI also the wider Eversholl community. The key themes are.. 'Pthvering Up' lo¢al production of electrity. eg solar panels. 'Pcvwering Down' reducing demand. e9 throu9h insulation. Communty Heal Devalopment Ireducing reli8n¢o on oil) Th• Gr•en Man The tenants continued to report challenging trading condrtions, most likely h'nked lo Ihtr ¢o$trof-INing crisis. DI5GussnS were had in relation lo Ihe full repairiro lease and the tenants. responsitilrties in that respecl. The pub experigncad flooding to the cellar whh has r9qulreil the inslallalion of a sump punp to r8move excess water. A particular area of con¢em related lo Ihe use of the car park by noptron$ and the impact that h8$ on the wear and tèar of the surfacing. Both the tenants and trustees maIn keen that the car park MaInS acLessible lo all. 10 fingrith Road H8ing been let lo the same indiwdual fof more than 40 years. this Property became v8nI in March with that len8nt mowng lo altèrnative accommodation. An amount of relurbishmenl and red0ratIon was undertaken durirvJ the late Sprng th the property advertised for re-let in June. A nèw tenanl took residence in August. Els•wh•r•- Properties & Land All other larvj arld properb'es remained tenanted, with various repairs and rent Mew$ undertaken as necessary.
EVERSHOLT PAROCHIAL CHARITY TRUSTEES, REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Below is a summary of the Inccffi8 and ExFditur8 year endèd 31st December 2023. nGome Expenditure Net income for the year l Nel movement in lund5 126.789 79,851 46,938 The Irusletrs and their accountants continue to manage the Charltls finances to 9n$te that 1st11g fvnds arè sensibly invested. re5ervÈs arè maintained and grown for future activities such a8 pr¢perty refvrtiishment5 and that money is availatle for provisn of the 8nnual Third's dislribLrtion. A¢u)unts for 2023 were audit8d by independent accountants 8ntJ submitt8d lo the Charities Commission. In 2023 a lolal of £31,500 wa$ allocated lo the Thirds. £10.500 to eath, a wèlcomè increase of £500 per Thlrd from recent year8. al Wellb•lno Third This is our most active Third wlih much effort pul Sn by a number of Iruslee8 and olher10¢81 volunteors. we are so gralaful for their kindness, lime and varled conlrfbulions. In 2023 a total of 22 residents received an award of £250 each from the Wellbging Third. In addition to th9$9 dividual award$ the Charity also funded. Vlllago Ag•nt The Charity ¢onlinued tts commitment the Village Agent scheme led by Llzzie B8mieoat. Lizzie continued to be very busy and remains conlra¢lgd lo us for 12 hours per rnonlh. Lrlzie offers a very valuable frièndly, Islening ear and has distributed varTrtsus pr8eti&ql aids to help around the home and referrals to Communty Transport semces to increase independence. Lizzie also compiles and edits 'About Eversholt.. Llzzl• Lunchva The Lunch Club eonlinues to b8 well attended. gralefrjl th8nks as aayS lo those who volunteer thr time. Feedback remains positive as aayS with it be¢ng great to see new faces still en wlth the group being so a$tablish8d. Ch•SrYoga Class The aim of these dasses are to help people wilh balanc and some strength. increase mobility and flexibility, holp avoid fa115 al0Se an inuea5ed ch8n¢g for wciolisatiori and lo have fun. The dasses ragularly atlract around 20 attend8es from Evershott and surrounding lIages. A session for mn want very well with 19 8ttond•$. Trustees attended an ethIng hoslad by Be Active Group (CBC) who funded the classes through the year. Pr)r lo th• evèning BeActive attended a 8ession. intemewèd participants and made a short film.
EVERSHOLT PAROCHIAL CHARITY TRUSTEES. REPORT (CONTINUED) FOR ThIE YEAR ENDED 31 DECEMBER 2023 About Ev•rshoh With fvnding from both thè Parochial Charity and the Parish Counryl the publication continues lo be enloygd, wrfh bumper editions thanks to the large amount of artides that wefe kindly contributed whieh continue lo be diverse and ¢ov8r a range of iniaresl areas. There was even the n•ad lo split some artides to include acro$$ editic$. Thank5 for the continued support with the publication and this is some leedback our village agent re1Ved from a regular contributor'Thank you for ¢realing About Eversholl 3g8in, rt is so useful for the village., The newslèttèr has proved very successful in reinforryng the connections behyeen resTdents and also to ensure that the activities aTTanged by th8 Parochial Charity a wide audience to increase partIpatIoN. Flmtabus The charity made an award of QSO to assisi them in a new bus purchase. bl Edueatlon Thlrd We recefved and agreed Further Education Awards to 12 indivmluals of £400 eadb folbwing relp1 of their written applications, cheque$ wwe raisod, signed and sent to those individuals. These Further Education Award applulions are required to be received by th8 Clerk prior lo August 3151 of any yèar for consideration. An'Annual Dlsuelionary Award, of £5.4S0.00 was made tg Evaisholt Lower School and £250 loAbout Eversholl. The frustees received tsyo updale5 from the Ever5holt Lower Sehool Chair of Governors during 2023. in F¢bruary and again in August. We weie updated on how the Annual Discretionary Award has benefrted the seJ)ool Bnd played ils part in maintaining su¢h a vital villagè asset We were reminded of what challenging times schools such as our5 are in. both in temis of their finances and constant discussions about the ie51ruduring of local education provision. The Iruslees were gratelul for the updates and ieiteratèd how proud as a ¢tsmmunity wè ¥e of what the school has #chieved. did note the use of the Green Man car parto as being an issue for the pub IantS as the added wear contributes to the amoynt of ropair and maintenance iequiied. ¢1 Church Thlrd The Church Third of £10.500 wa$ awarded lo the Eversholl Parochial Church Countil lo asslsl with th8 car& of th8 labric of the church and churthy8rd. Tha trustees will continue to efficientty manage the estatè wlth the assistance of the managing agènts and Yofessional accountancy service5 to ensure th? Charity is fil IOT purpose. Wg arg also disojssing the potential foT renewable gnergy proj&Lts aThJ development projeds abngside the relurbi$hment of propèty as necessary. We intend lo continue wlth the varied prograrnme of Wgllbging Third activities and we arp ktren lo tmaden attendance lo connect with as wÉde a d•mographK from our community a$ possible. Led by our Village Agent. Iheie continues lo be a good flow of new referrals and existing dienls needing support with a broad ranga of items. wlh some tsking time to come to the conclusion that filling a forni in or taking that next step lo getting Support is relevant to their circumslan¢os. We also lo continue supportlng Eversholt Lower School and residents undertaknng further education. As tho Current Chair of Evershok Parochial Charity I would like lo recorij my thanks to the trustees lor Ih•r commitment, time and hard work whh is given freety and to the benefil of our ¢ommunity. I w0d also like to thank our Clerk for hèr valued hard work supporting the trustees and helping lo ensure that the Charity achieve$ ils objectives.
EVERSHOLT PAROCHIAL CHARITY TRUSTEES. REPORT {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Structyrn. gov•manco and management The Trustees who served during the year and up lo th9 date of signature of the financial stslements were.. Mr M Hood Mr P F Collin5 Ms C Doherty Dr N Muller Miss J Todd, Vlce Chalr MT S Smith Mr P Richardson Mrs A Blomfield Mrs C Howell Ms S Dentc Mr S Collier The Trustees. report was approved by the Board ofTrustées. --&IM IJ Simon CIAlier Trustee & Chair of Evershclt Parochial Charfty 14th October 2024
EVERSHOLT PAROCHIAL CHARITY STATEMENT OF TRUSTEES. RESPONSIBILITIES FOR ThIE YEAR ENDED 31 DECEMBER 2023 The Trustees a responsible for preparing the Trustees, report and the finan¢ial statements in accordance with applicablè law and Unitèd King(lom Aixounling Stolldards Iunited Kingdom Gonerally Accaptad Accounting Practic•). The law appllcaNe lo charllle$ In England & Wales requires thè Trusl&&s to prepar8 fnanaal sialements for each nancial which give a true and fair wew of the stale of affairs of the Charity and of its incomin9 resources and application of resources, indudin9 its in¢om& and expenditure. for that period. In preparing these financial slalemenls, th¢ Trustee$ are required lo.. select suitable accounting polide$ and then apply Ihern consislenlly, observe the methods and priniiplès of the Charities SORP IFRS 102)., make judgments and accounting eslimales Ih8t are reasonable and prudent., Stale whether appli¢8ble UK Accounting Standard5 IFRS 102) have b8•n followed. sleCt lo any materi81 departures disdosed and explained in the financial slalements.. prepare th8 financial statements on the golng concEm basis unless it is inappropriate lo presume that the Charity will ¢onlinu& in business. The Truslees are r8sponsible for keèping adequate accountirbg records that are suffi¢iènt to show and explain the Charty's transactions and disclose with reasonable a¢¢uracy at any time the financial position of the Charity and enable them to ¢n$vre that the financial stalernents comply wolh the Charities Act 2011, the Charity (Accounts and Reports) Regulalitsns 200B and the provisions of ihe Trust deed. Thèy a also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and dele¢tion of fraud and other 8gularities. Approved by ordeT of the members ofthe board of Trustees on and signed on its b8haW by.. Simon Collier Trustee & Chair of Ev•rsholl Parothial Ch8rty
EVERSHOLT PAROCHIAL CHARITY INDEPENDENT EXAMINER'S REPORT TOTHETRUSTEES OF EVERSHOLT PAROCHIAL CHARITY I report the Trustees on my examlnallon ofthe financial statements of Evershcll Parothial Charity {Ihe Charity) for the year ended 31 Decefflber 2023. Respon8lbllrtl•• and ba81s of rnport As the Trustees of the Charity you are responsible for the pieparatbn of the fmanc4al statements in accordance with the requirements of thè Charities Act 2011 {thg 2011 Act). I report in respect of my examination of the Charltys financlal statements Caled out under sectiM 145 01 Ihg 2011 Act. In ¢ing oul my examinalion I have followed all the applicable Di¢t10n$ given by thg Charity Commission undttr $ec*on 145{Sllb) of th• 2011 Act. Indgpgndgnt examln•rf$ statsmgnl Your attèntion is drawn lo the fact that the Charty has prepared accoun16 in acLordance with Accounting and Reporbng by Chariti•s.' Statemenl of Recommended Pra¢ti¢e applicable to eharities preparirvJ their 8c¢ount$ in ac¢ordan¢e with the Finanaal Reporting Standard applicable irb the UK and Republic of Ireland IFRS1021. In pfere1e lo U)e Accounting and Reporting by Charitie5'. Slaiemenl of Recommended Practicè issued on 1 April 21)05 which is referred Its in the extsnl wulations. but has been withdrawn. l understand that this has been done in older for th& a¢¢ounls to provide a true and fair view in accordance wth the Generalty Aepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. I have D)mpleled my examin8lion. l confim) that no matters have come lo my attention In nn¢tic with the examination giving me cause lo believe that in any material rèspect.. accounting rec4Jrds were not kept in re5pgd of the Charity as required by section 130 of thè 2011 Aci.. or the financial atMentS do not accord with Ihose reo)rds', or the financial stsl¢mènts do not comply with the applicable requirements con¢eming the fomi and content of accounts set out in the Charitie$ (Accounts and Roportsl Regulation$ 2008 other Iharn any rèquirement that the accounts give a true and fair wew which is not a matter considered as part of an independent examination. I have no concetTlS and have ¢om¥ auos$ no other matters in o)nne¢thon wth thè examinati to which attenllon shId te drawn Sn Ihls report in orfer to enable a proper understanding of the financial stslemants to be reached. This rgport is made solely lo the Charty's Trustèes. as a body, in aeLordance with part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken $0 that I mwht state lo the Charity'5 Ttuslegs those matter51 am required to state to them in an Independent ExamineV5 Report and for no other purpose. To thè fijllèst extent pemrttèd by law. I do not aceèpt or assume responsibilty to any¢ne 01her Ih8n the Charity and the Charit$ Trustees as a body, for my worf¢ or for this report. J¢d Darren Croucher 8S¢ {H0n$l. FCCA. FCA. Crou¢hers Lld 2 Copporhou5e Court Caldecotte Mllton Kèynes Bueknnghamshire MK7 8NL Dated..
EVERSHOLT PAROCHIAL CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unr•strlcted funds 2023 Unrestricted funds 2022 Not9$ Income and endowments from: Clarilable activities Inve51rnenl$ Olhor Inrne 115,144 11.645 109,346 11,130 Totsl Incom• 126.789 120.836 Expenditurè on: Charitable actiitEs 79,851 71,772 Total expnditur• 79,851 71.772 N•t income and rnovem¢nt in fund$ 46,938 49.Cfj4 R¢con¢llfallon of funds: Fund bal?n¢es at 1 January 2023 403.433 354,369 Fund balanees at 31 December 2023 450,371 403,433 The statement Of nala1 adivities incjudes all gains and losses recognised in the year. All inrA*me and expendrturè derive from continuing activities.
EVERSHOLT PAROCHIAL CHARITY BALANCE SHEET AS AT31 DECEMBER 2023 2023 2022 Not•$ Fixed •¥¥ets Tangible assets Investments 11 12 155,403 2,642 155,403 2,642 158.045 158,045 Current ass•ts Debtors Cash at bank and In hand 13 23.055 346,521 32,968 283.929 369.576 316,897 Crèdltor4". amounts falllng duè wlthln one year 14 120,372) 121,331) Het euryent ass•ts 349,204 295.566 Totsl a$$•ts l•s$ current Ilabllltt 507249 453,611 Crnditors: amounts falllng du• aft•r mor• than on• y•ar 15 156.8781 (50.178) N•t ast8 •xcluding p•nsion liability 450,371 403.433 Net assets 450.371 403.433 The funds of the Charfty Unrestrided funds 450.371 403.433 450.371 403,433 14th Octobor 2024 The finanaal statements were appioved by the Trustees on ......................... -&jM Mr S Collier Chair
EVERSHOLT PAROCHIAL CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31 DECEMBER 2023 Aceountlng pollcl•s Charlty Infomiatlon The Charity is a registered charity in England and Wale$ and is unincorporated. The address of the principle office is 8 Bloomsbjry Cjose. Wibuln, Milton K8yne$. MK17 9QS. 1.1 Accounting convention The financial slalemenls have bgen prepared in accordance with the Charitie5 SORP IFRS 1021- Accounting and Reporting by Charities.. Ststèmènt of Rècommanded Practice applicable lo ¢harities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Iroland {FRS 1021 lefftr¢tive 1 January 2019), the Financial Reporting Stsndard appli¢abl8 in the UK and Republi¢ of Irèland <FRS 1021 thè Charities Act 2011. Th8 finan¢i81 ststements have been prepared to give a 'lrue and fair view and have departed from t Charitiès IAcLounts and Reports) Regulations 2008 only lo the extent required to provide a Irue and lairf view. This departurè has involved following the Charities SORP IFRS 1021 pub118hed in 2019 rather than the AcuntIng and Reporting by Chwilie$." Statoment of Recommended Pra¢ti¢e effectlve from 1 Ayll 2(M)5 whh has since been wilhdrawn. Eversholl Parochi81 Charrty meets the definition of 8 public benefit enllty under FRS 102. Assets and liabilities are initially recognised at historical cost or transaciion value unless otherwise staled in the relevant unting poliry. The financial statèmènts ar8 prepared in sterling, which is the fundn¥1 wrrency of thè Charity. Monetary amounts sn t$8 financial statements are rourKled to th• nearest £. Thè financial statemgnls have been prepared under Ihg hi$tori¢al ¢o$l eonvantton. Th8 principal accounting polici85 adopted are sel out below. 1.2 Golng ¢onG8m Al the timè of approwng the financbal statements, the Trustees have a reasonable oxpectalion that tho Charity has adequate rÈsour(*s to continu8 in operational existence for the foresèaable fijlure. Thus the Tw5tees Gontinue lo adopt the going concern basis of accounknng in prepating the financ481 statements. 1.3 Charitable funds General ftjnds are unrèstricted funds which are available for use at the diScOn ol the Trustees in fvrthefan of the general objectNes of tho Charity and which have nol been desvjnatgd foi olhor purposes. Designated funds comprise unrestricted fund5 that have been set aside by the Trustee5 foi parb"¢ular purposes. The aim and us¢ of each designated fund is sel out in the notes lo the financial stat•ments. Restricted funds are funds which 8rB lo b¥ uwd in aecordance wilh specific restrictions imposed by donors or whl¢h have been raised by the Chartiy foi parti¢uLqr purpos•s. The costs of raising and administering such funds are char98d against the specifK fund. The aim and use of eath restricted fijnd is set out in the noltr8 to the financial $l81oments. 1A In¢ome l inGomè is reeognised once the Charrty ha6 enlillÈmènl lo Ihe income. it is probable that the Income wil be received 8nd the amount of Incle receivable can be measured rgliably. Gran15 are incltJde¢J in the Statement of finan¢ial actfvS1Ses on 3 recefvable basis. The balance of income received for spectfi¢ PUfPOS8S but not 8xpended during the peiiod is shown In the rplevant funds on the Balance sheel. Where incorne is re¢•wèd in advance of enlillernenl of rlPt, ils recogn(tion is deferred and included in OEditors ès deferred income. Whole entitlement occurs before income is received, the income is aecrued. 10-
EVERSHOLT PAROCHIAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 A¢¢ountlng p¢llGIgs IContlnu•d In¢ome tax woverabh in r¢lalion to investment income is recognised at the time the investment income is reCeivae. Other income is recognised in the period in which it Is recelvable and lo th& extent th• goods hgve been pro*ided or on completion of the servlce. 1.5 ExndItuTe Expendrture is re¢ogni$èd once there is a le9al or constructive obligation to transfer economic benoffit to a third party, it ts probable that a transfer of e¢onomic bènefits will be required in settlement and the amount of the obltgalion Gan be measured reliably. Expenditure is dassified by a¢tivity. The costs of each actmty are madè up of the total of d1cl costs and shared costs, induding support Costs involved in undertaking each activity. Dir¢¢t ¢osts attributable to a single activity are allocated directty to that aclivily. Shared ¢osl$ whi¢h contllbute to rn0 than one adiwty and $uppcirt ¢osts which arè not attributable to a single actwty are apportioned btheen those activitie8 on a basis con$istènt with the use ol resourcos. Cgnlral staff costs aro alocaled on the basis of time spent, and depreaalion thaf9es •llo¢aled on th• porlion of the asset's use. Expenditu on charitable activities is incurrad on diredy undertaking the activities which furthw the Charty's otl'ectsves, as well as any a55ocialed support costs. All expgndlturg is indusivg of Irrecoverable VAT. 1ts Tanglbl• fix•d au¢ts Tangible fixed assets are capitalised and recognised whèn futu ectsnomic benefits are probable aThJ the cost or value of th& asset can ba measured reliably. Tangible fixed assets are initialty re¢ognised at rxjst. After re¢ognttion, under Ihe cost model. tangible fixed assets are measured at cost les5 accumulated ¢Jepre¢iation and any acwmulaled impairrnanl losses. All costs incurred to bring a tangible fixed asset into ils inlendttd working condition should be induded in the mea$uremgnl of eo$t. At each reporling date the Charity assèssos whether there is any indication of impairment. 11 such indration exisls, the recoverable arnount of the asset is determined lo be the higher of ils fair value lèss costs lo sell and ils v¥lue in use. An impaiment loss is recognised where the carying am¢unl exceeds th& recoverable ank)unl. Depreciation is Charged so as to allte the cost of tangible fixed assets lèss fheir iesodual value over t1[ estim8led useful Ives. Freehold land and building5 NIA G4ins and Ios8es on disposals are determined by comparing the proc68ds with th• carying amount and are Tecognised in the Statement of financial adivilies. 1.7 Flx•d asset investments Fixed asset investments are a form of finanal instiurngnl and are initially r&cognised at their transaction cost and subsequently measured al fair value al the Balance Sheet date. unlèss the value Cannot be measured reliably in which case il is measured at cost less impairrnenl. Inveslfflenl gains and losses, wh¢ther r8alised or unrealisod. ar• ¢ombinod and wesented as 'GainsllLossesl on inveslmenls. in the Statement of financial 1.8 Cagh and u¥h •quiv•l8nt• Cash and cash equivalents include cash in hand, deposts held al call with banks. oth•r $hot¥term IKiuid Investments with orbginal maturilles of eighteen months or les5. 11
EVERSHOLT PAROCHIAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles (Continue 1.9 Financial instrum•nts The Ch8rily only has financial as$els and financial liabilities ol a kind that qualify a$ ba$1¢ financial instruments. Basi¢ financial insiruments are initially recognised al transaction value and subsequently measured at their settlement value with the exception of bank bans which are subsequenlly measured al amortised cost using the effectNe interest fflethod. 1.10 Governmenl grants Govemmont gr8nls relating to tangible fixed asset5 are treated as deferred in¢ome arKf rgloased to the Statement of financial activities over the expgded useful Iiv8s of the assets concemed. Other grants are credited lo the Statement of finantyal adivitles as the related exp&nditurg 1$ incurred. Int•rg3t rwcgivabl• Interest on funds held on deposit 1$ ilded when re¢eivable and the amount can be measured reliably by thtt Charity,. this is rKKmally upon ncrtificalion of the interest paid or payabl¥ by th¥ instttLrtion with whom the fijnds are deposited. 1.11 0•btors Trade and other debtors are reniSed •1 the s•ttlem8nt amount after any trade discount offered. Prepayments are valued al the amount Pfepald net of wy Iradg dlscounls due. 1.12 Liabiliti•g and provi¥ion¥ Liabilities are re¢ogni$ed whèn thère is an obligation al the Balance Sheet dale as a result of a pasl event. il ts probable that a transfer of economlc benefrt will be requId in settlement. and the amount of the settlement can be eslimat8d reliably. Critical a¢¢ountlng e$tlm•ts$ •nd Judgements In the apF4ication of th8 Charit5 actounling Pol8, Ihe Tnjstèes are required to make judgements, eslimales and assumptions about the car.ng amount of asse15 and liabilities that 8ra not readily apparent from olhei souices. The e$timal&s and associated assumptions are b8sed on hisltsrical èxperièncè and other factors that are considered lo be rel$vanl. Actual results may drlfer from these estimates. The tImat•S and undertying assumpts"on$ are rèviÈwed on an ongoing basis. Revisions to ac¢xJunling eslimales are re¢ognised in the period in which the estimate is rewsed where the revision affects cnly that period, or in the period of the revision and future p&riods where the rewsion affeds both current and future periods. Incom¢ from charitabh a¢tivrfi•s Unmtrlctsd Unrestrfcted funds funds 2023 2022 Incomè from charitablo actlvltlos Inwme trom ckarilable activit8 12-
EVERSHOLT PAROCHIAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Ineomè from Investments Unrestrlcted Unrestrlcted tund funds 2023 2022 Rental income Interest recèwable 109,622 5,522 IQ6.602 2,744 115,144 109,346 oth•r In¢om• Unrestricted Unmtrl¢tsd lund# funds 2023 2022 Other income 11.845 11.130 Expgnditurg on charitable activiti95 Total funds Totsl funds 2023 2022 Dlr•ct costs Maint8nanc8 and repair Charitable exp8nditure Accountancy and bookkeeplng fees Bank fees Stationèry Costs Insurance Bookkeeping GIOSS wages Professional fees Travel costs Expense Recharge Chantable Donations 17,773 39.197 1,260 92 14224 39.751 1,410 103 32 3,092 1.101 5,700 1,533 816 13,440 14,109 11 (3,1591 250 79.851 71.772 Analysls by fvnd Unrestricted fvnds 79,851 71.772 13-
EVERSHOLT PAROCHIAL CHARITY NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Net mov•m•nt In fund$ 2023 2022 The n&1 movement in funds ts stsled after thargingl{CWE1itingl: Trustees No Trustees lor any persons connected wrth them) recewed any remuneration or benefits frcln the Trust during the year. Employe•¥ The average nKnlhly numbtrr of eM0yeeS during the yearw83-. 2023 Number 2022 Number Therg w&re n¢ employ8es whose annual remuneration was rnore than £60,000. 10 Taxatlon The tharity is exempl from laxathon on ts a¢tiiAtiès buSe its incom& is applied for ¢haritaNe purpos95. 11 Tanglbl• fix•d ass•ts Fr••hold land and bulldln95 Cost Al 1 J8nuary 2023 155,403 Al 31 De¢emb¢r 2023 1S5,403 Carrysng amount At 31 December 2023 155,403 At 31 December 2022 155.403 14-
EVERSHOLT PAROCHIAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Fixed asset investments Un118t•d Invtttm•nts Cost or valuatlon Al 1 January 2023 & 31 Derember 2023 2,642 Carylng #mount Al 31 December 2023 2,642 Al 31 December 2022 2,642 13 D•btoY¥ 2023 2022 Amounts falling due w*thin one yo•r: Trade debtors Other debtors Prepayments and accrued income 6.905 21,638 4,425 1 S,685 3,824 23,055 32,968 14 Croditorn: amounts falllng due wlthln one year 2023 2022 Othèr taxation and social securty Trada crèditors Other creditors Accruals and daferred income 51 3.654 15.407 1,260 83 3,216 16,832 1.200 20,372 21,331 15 CreditorJ: amounts falling due afttr morn than one y•ar 2023 2022 othor credtto 56,878 50,178 15-
EVERSHOLT PAROCHIAL CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 16 Unr•stslet•d funds The unrestricted funds of the charity ¢ompri$o th¢ unexpended babances of donalKJns and grants which are not subject to specific conditions by donor5 and grantors 8$ lo how they may be used. These include desig)algd funds whi¢h have been set as*Je out of unreslrKted funds by the trustees for specsfic purpose& Al 1 Janu•ry 2023 Incomin9 resources Resources expendgd At31 Dwmb•r 2023 General funds 403,433 120,789 (79.8511 450.371 Prevlous year. At 1 January 2022 Incomlng resources Resources expendod At31 2022 General lund$ 354,369 120,836 (71,772} 403,433 17 R•latsd party tran¥a¢tion¥ There were no disdosable relatèd paty transactions during the year12022- nong). 16-