HEADCORN VILLAGE HALL TREASURERS REPORT FOR THE YEAR ENDING JUNE 30th 2023 Our income for the financial year was £317.842.44 made up of Hall hire fees £66,288.73, Art and Craft Fair fundraising £828.50. bank interest £715.74, wayleave £9.47 and a large legacy left to us in the amount of £250.000.00. The legacy has allowed us to make considerable repairs and improvernents to the Village Hall, which everyone will benefit from. Our expenditure was £128,7g7.04, much hher than the previous year of £52,713.85 due to the repairs and maintenance of the building. which lotalled £88.235.93. The Comb1r assets and funds as of 30 June is £191,045.40 Current Assets include Trade Debtors £5,347.26, Nat west Current Account £278,279.98, Virgin Money £60,346.78, Shawbrook Bank £55,000.00- Petty Cash £1.00 - Total current a&8ets £398,975.02. We have Sin opened a 1 year fixed term savings bond in the amount of £130,000.00 this has an interest rate of 4.800h. which will give us an amount of £6,240.00 at the end of the tem? plus the £130,000.00. The funds were tsken from our Nat West current account to open this bond. The total funds at 301h June 2023 were £1,981,798.35 There are notes to the accounts regarding the change of accounting policy, they have been prepared on an accruals basis due to the annual income exceeding £250,000. Last years accounts were prepared on a reiptS and payments basis. Longmeadow Hall has a balance of £3,135.73. the previous year was £3,123.13 - the differen being bank interest in the amount of £12.60. The accounts have been examined and approved by Susan Rowan FCA of Headcom, Kent Margery Larkins: Treasurer and Trustee for Headcom Village Hall.
Headcorn Village Hall Financial Statements for the year ended 30 June 2023 Charity number 275(NJ6
HEADCORN VILiAGE HALL BALANCE SHEEr FOR THE YEAR ENDED 30TH JUNE 2023 2023 2022 FIXED ASSErs Leashold Property Furniture and Fittin8s Equipment Accumulated Depreciation 99. 99.00 0.00 61.140.Crf) 10.954.00 72.094.fA) 0.00 Total fixed assets 99.00 CURRENT ASSETS Trade debtors Nat West Current Account Virgln Money Shawbrook Bank Petty Cash 5,347.26 278,279.98 60,346.78 55.000.(M) 7,026.78 60,755.67 85,079.33 S5.0.00 1.00 Total ¢urrent 45sets 398J75.02 207.862.78 OTHER DEBTORS Lon8meadow Hall Education Charlty 1.584.831.00 1,584,831.00 TOTAL ASSETS I83.905.02 1.792.792.78 CREDITORS: amounts due wlthln one year Income received in advance Security deposits held Accruals 593.50 260.00 1,253.17 833.50 350.00 856.33 Totsl Ilabllltl•s 1106.67 2,039.83 Total •sxts le55 Ilaollrtles lJ81.798.35 1,790,752.95 FUNDS OF THE CHARITY Unrestricted funds Balance at 30th June 2022 Net Income over expenditu 1.790,752.95 191.045.40 1,777,246.85 13,506.10 Total funds at 30th June 2023 1.981,798.35 1,790.752.95 The Statement of Finandal ActNitie5 and the Balan Sheet were approved by the TStee$ on 13 September 2023 and s18ned on their behalf by." Margery Larkins Hon. Treasurer Tim Thomas Hon. Chairnian
HEADCORN VILLAGE HALL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 3ml JUNE 2023 Note I Ba51s of prepar*ion 1.1 Basls of accountlng These accounts have been prepared under the h15torical cost conventFon wlth items recognised at cost or transartion value unless otherwise stated in the relevant note5. The financlal statements have been prepared in accordance wtth the Financlal Reprting Standard applicable in the Unrted Kingdom and Republic of Ireland {FRS 102) and the Charlties Art 2011. 1.2 Goln8 C¢Cern These accounts have been pPared on a going concern ba515. 1.3 Change of accountlng policy These accounts have been prepared on an accruals basis due to the annual income exceedlng £250,000. The previous years, accounts were prepared on a receipts and payments basis. 30.06.22 30.06.22 as restated as reported 1.777.246.85 L776,085.58 66.219.95 62.391.43 52.713.85 52,711.01 13.506.10 9,680.42 7,026.78 2,039.83 1,790,752.95 1,785,766.00 Retalned profit brought forward Income Expenses Net Income over Expenditu Trade debtors Cred0T5 Retslned profit cirrled forward Note 2 Income r•wnltlon All income15 recognised once the charity has entitlement to the Income. it is pn)bable that the income will be received and the amount of income receivable can be meawred reliably. Note a Salarie5 Social securlty costs Pension costs (defined contribution scheme) Other employee benefrts 30.06.23 6,728.00 30.06.22 6,775.00 0.00 Total staff costs 6,728.QJ 6,775.00 Average number of staff The employees worked in finance and admin Note 4 Trdnsacdons vath tntstees and related partles None ofthe trustees have been paid any remuneration or recer¥ed any other beneffts from an employment with the charFty or a retated enttty in the current or prioryear.
LONGMEADOW frtA' INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 30TH JUNE 2023 2023 2022 INCOME Bank Interest 12.60 2.61 TOTAL 12.60 2.61 EXPENDITURE Funds Awarded Early Wlthdrawal Interest 3.272.00 0.25 NET EXPENDITURE 12.60 4.269.64 LONGMEADOW HALL BALANCE SHEET FOR THE YEAR ENDED30Th JUNE 2023 ASSETS Freehold Property 1.584,831.00 1,584,831.C FUNDS HELD Scottish Widows Deposit Account 3,135.73 3.123.13 TOTAL ASSETS I87,966.73 1,587,954.13 LESS CREDITORS Headcorn Village Hall -1.584,831. -1,584,831.00 NET ASSETS 3.135.73 3,123.13 ACCUMULATED FUND Balance at 30th June 2022 Exce55 of Expenditure over Income 3,123.13 12.FJl 6.392.77 -3,269.64 8&lance 4t 30th June 2023 3,135.73 3.123.13 The above Financial Statements were approved by the Trustees on 13 September 2023 and si8ned on their behalf by: Margery Larkins Hon. Treasurer [4 Tim Thoma5 Hon. Chairnian
INDEPENDENT EXAMINER'S REpoKr Independent examineFs w¥ort to the trustees of Headcorn VH* Hall aml Longmead(w Hall Charlty number 275006 and 275(Wl I report to the trustees on myexaminatM)n of the accounts of the above charity forthe year ended 30 June 2023. Responslbllltles and basis ol report As the charitws tnjstees you are responsible frjr the preparation of the accounts in accordance wlth the requirements of the Charities Act 20111.the Acf). I report in respectof my examination of the TrusY5 accounts carried undersettion 145 of the 2011 Art and in carrying out my exarnination I have followed all the applicable Directlons given by the Charity ComrnFs5ion under section 14515)Ibl of the ACL IndeTrt examlnerf$ statement The charitvs gr0$5 Income exceeded £250, and l am quallfied to undertake the examlnatlon by belnB a qualified member of the Instltute of Chartered Accountant5 in England and Wale5. I have completed my examlnatlon. I confimi that no materlal matter5 have come to my attentlon In connection wlth the examination whlch gives me cause to believe that In any material respett.. l. the accountlng records were not kept Sn accordantr wtth sectbn 130 of the Chartties Art; or 2. the accounts did not accord with the accountlng retords: or 3. the accounts did not comply wlth the applicable requirements conoming the fomi and content of accounts set out In the Charltles (Accounts and Reports) Regulatlons 2C()8 other than any requirement that the accounts glve a 'true and fairf vlew which is not a matter consldered part of an independent examination. I have no concerns and have come across no other matters in connection wlth the examinatlon to which attention should be drawn in thls report in order to enable a proper understanding of the accounts to be reached. Slgrnd: s. 19 September 2023 Susan Rowan FCA 4 Glbbs Hlll Headcom Ashford Kent TN27 9UD