The Merry Bells Village Hall Wheatley
Registered Charity: Number 286769
Financial Statements for the year ended 31 December 2023
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1 Statement of Financial Activities 2 Balance Sheet
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3-4 Notes to the Financial Statements 5 Independent Examiners Report
89 High Street Wheatley Oxford OX33 1XP
The Merry Bells Village Hall
Charity No. 286769
Statement of Financial Activities for the year ended 31 December 2023
| Note Income Rents Hirings Interest Electric Feed-in tariff Donations Total income Expenditure on Cleaning expenses Heat and light Water Fire protection Insurances Repairs Premises costs Telephone and broadband Website costs Legal and professional General admin and sundries Bad debts Covid related expenses Exceptional repairs and renewals Depreciation - fixtures and fittings - property improvements Total expenditure Surplus/(Deficit) for the year 7 Funds brought forward Funds carried forward |
£ 30,100 12,779 894 206 304 44,283 11,775 1,875 437 2,330 1,399 2,554 827 465 622 154 306 96 - 3,276 2,573 1,588 30,277 14,006 1,121,137 1,135,143 |
2022 £ 28,787 9,890 306 202 0 |
|---|---|---|
| 39,185 | ||
| 10,990 2,762 181 2,219 1,301 1,578 279 536 562 5,681 311 180 84 9,447 3,069 2,444 |
||
| 41,624 | ||
| (2,439) 1,123,576 |
||
| 1,121,137 |
Note 2
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The Merry Bells Village Hall
Charity No. 286769
Balance Sheet as at 31 December 2023
| Note Tangible Fixed Assets 4 Freehold property Property improvements Fixtures and fittings Current Assets Stock of promotional material Debtors 5 Cash in hand and at bank Less: creditors falling due within one year 6 Net current assets Net Assets Funds of the Charity Unrestricted funds 7 Property Reserve General Reserve |
£ £ £ £ 1,000,000 1,000,000 7,070 4,291 10,397 12,548 1,017,467 1,016,839 582 - 2,705 1,393 118,137 110,844 121,424 112,237 3,748 7,939 117,676 104,298 1,135,143 1,121,137 1,000,000 1,000,000 135,143 121,137 1,135,143 1,121,137 Unrestricted Funds 2022 |
£ £ £ £ 1,000,000 1,000,000 7,070 4,291 10,397 12,548 1,017,467 1,016,839 582 - 2,705 1,393 118,137 110,844 121,424 112,237 3,748 7,939 117,676 104,298 1,135,143 1,121,137 1,000,000 1,000,000 135,143 121,137 1,135,143 1,121,137 Unrestricted Funds 2022 |
|---|---|---|
| 1,121,137 | ||
| 1,000,000 121,137 |
||
| 1,121,137 |
These financial statements were approved by the Management Committee on
Chairman Hon. Treasurer
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The Merry Bells Village Hall
Charity No. 286769 Notes to the Financial Statements for the Year ended 31 December 2023
1. Accounting Policies
a) Basis of accounting
The financial statements have been prepared on the historical cost convention (with the exception of freehold property included at estimated current value) and in accordance with accounting standards, the Charities SORP and comply with the Charities (Accounts and Reports) Regulations issued under the Charities Act 2011.
b) Recognition of Income
Income is recognised in the Statement of Financial Activities when: the charity becomes entitled to the resources;
the trustees are virtually certain that they will receive the resources; and
the monetary value can be measured with sufficient reliability.
c) Investment Income
Investment income is included in the accounts when receivable.
d) Liability Recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
e) Tangible Fixed Assets used by the Charity
Fixed assets are capitalised if they can be used for more than one year and cost at least £500. They are included at cost with the exception of freehold property which has been included at a valuation as at 31 December 2009.
f) Depreciation
Freehold property - this asset has an indefinitely long useful life and is maintained to a high standard and so is not depreciated. The Management Committee has received professional advice regarding its value.
Property improvements - 10% straight line.
Fixtures and fittings - 20% reducing balance.
2. Unrestricted Income
All funds as at 31 December 2023 and 31 December 2022 were unrestricted.
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The Merry Bells Village Hall
Charity No. 286769
Notes to the Financial Statements for the Year ended 31 December 2023
4. Tangible Fixed Assets
| Cost or valuation At 1 January 2023 Additions At 31 December 2023 Depreciation At 1 January 2023 Charge for the year At 31 December 2023 Net book value at 31 December 2023 Net book value at 31 December 2022 5. Debtors Hirings Other debtors 6. Creditors Rent and hirings paid in advance Other creditors 7. Unrestricted Reserves Brought forward Deficit for the year Balance at 31 December 2023 |
Freehold Property Fixtures & Property Improvements Fittings Total £ £ £ £ 1,000,000 44,467 44,222 1,088,689 - 4,368 422 4,790 |
Freehold Property Fixtures & Property Improvements Fittings Total £ £ £ £ 1,000,000 44,467 44,222 1,088,689 - 4,368 422 4,790 |
Freehold Property Fixtures & Property Improvements Fittings Total £ £ £ £ 1,000,000 44,467 44,222 1,088,689 - 4,368 422 4,790 |
|---|---|---|---|
| 1,000,000 48,835 44,644 1,093,479 |
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| - 40,176 31,674 71,850 - 1,589 2,573 4,162 |
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| - 41,765 34,247 76,012 |
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| 1,000,000 7,070 10,397 1,017,467 |
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| 1,000,000 4,291 12,548 1,016,839 |
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| 2023 2022 £ £ 672 693 2,033 700 2,705 1,393 2023 2022 £ £ 2,500 2,500 1,248 5,439 3,748 7,939 Property General Reserve Reserve Total £ £ £ 1,000,000 121,137 1,121,137 - 14,006 14,006 |
2022 £ 693 700 |
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| 1,393 | |||
| 2022 £ 2,500 5,439 |
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| 7,939 | |||
| 1,000,000 135,143 1,135,143 |
8. Future Commitments
As at 31 December 2023 there were no future commitments (2022 Nil).
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The Merry Bells Village Hall
Charity No. 286769
Notes to the Financial Statements for the Year ended 31 December 2023
I report on the accounts of The Merry Bells Village Hall for the period ended 31 December 2023 which are set out on pages 1 to 4.
Respective responsibilities of trustees and examiner
The Charity's Trustees are responsible for the preparation of the accounts in accordance with the Charities Act 2011 ("the Act').
The Charity's Trustees consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed.
It is my responsibility to:
| . | Examine the accounts under section 145 of the 2011 Act |
|---|---|
| . | To follow the procedures laid down in the General Directions given by the Charity |
| Commissioners under section 145(5) (b) of the Act, ; | |
| and | |
| . | To state whether particular matters have come to my attention. |
Basis of independent examiners report
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosure in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present "a true and fair" view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention which give me cause to believe that in any material respect:
the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or
the accounts did not accord with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this respect in order to enable a proper understanding of the accounts to be reached.
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