Chilworth ParFsh Hall Charlty No. 301782 Trustees, Report and Unaudlted Accounts 31 March 2024
Chilworth Parish Hall TrusteesAnnual Report The trustees present their report wlth the unaudited flnanrial statements of the charity for the year ended 31 March 2024. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 301782 Prln¢lpal Office Chllworth Hall Chllworth Road Chilworth Hampshire S016 71Z Tru$tees Thè following trustees served durln6 the year.. P. Feighery Accountants lerram Surlls & Co 66 Ccbden Avenue SouthamptDn S018 IFT Statement of trurtees, re5ponslbllltles In relatlon to the flnanclal statements The charity trustees are re5ponsSble for preparlng a trustees, annual report and flnanclal statements in accordance with appllcable law and Unlted Kln8dom kcountln8 Standards Iunlted KlnBdom Generally Accepted Accountlng Pr8cti¢el. rhe trustees afft responslble for keeplng prtrper a¢countin8 records that dlsclose wlth rea50nable accuracy at any tlme the financial positicn of the charlty and to enable them to ensure that the flnanclal statements comply wlth the Charltles Act 2011, the appllcable Charitles IAccotJnts and Reports) Regulation5. and the provislons of the Trust deed. The Trustees are also responslble for safeguarding the assèts of the charlty and hence taking reasonable step5 for the preventlon and detection of fraud and other Irregularltie5. Sl8ned on behalf ol the tharity'5 trustees P. Felghery Trustee 31 March 2024 Page 2
Independent Examlner's Report to the Trustees of Chilworth Parish Hall Independent examiner's rèport to the trustees of Chllworth Parlsh Hall I report to the charity trustees on my èxaminatlon of the accounts OT Chllworth Parish Hall (the Trust) for the year ended 31 March 2024. Responslbllltle5 and basls of report A5 the charlty trustees of the Tru51 you are responslble for the preparation of the account5 in accordance wlth the rÈqulremènts of the Charlties Act 20111'the Act'l. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and In carrylng ovt my examinatlon I have followed èll applicable Dlrections given by the Charlty Commission under Section 14515llbl of the Act. Independent examinèr's statèment I have completed my examlnatlor. I conflrm that no rnaterial matters have come to my attention In connection wlth the examlnatlon glvln8 me cause to belleve that in any material respect., accounting records were not kept In respect of the Trust as requlred by Sectlon 130 of the Act,. or the accounts do not accord wlth those records,. or the accounts do not cornplv with the applicable requirements concerning the form and content of accounts set out In ihe Charltles (Account5 and Reports) ReBulatSons 2008 other than any requlrement that the accounts 81ve a true and falr vlew wb.rch is not a matter considered a5 part of an Independent examlnatlon. I have no concerns and have comra across no other matters In connectlon wlth the examlnation to whlch attentlon should be drawn In th15 report In order to en4ble a proper understandln8 of the aCContS to be reached. Davld Jerram Jerram Surlls & Co 66 Cobden Avenue Southampton Hampshlre $018 IFT Date.. Page 2
Chllworth Parish Hall Statemènt of Financial Actlv*ies for the year ènded 31 March 2024 Unrestricted funds Total funds Total funds 2024 2024 2023 Notes Income and endowments from.. Other trading actlvities Investments Other 40,807 165 40,8Q7 165 41,514 102 so Total 40,972 40,972 41,666 Expenditure on.. Other 36.249 Totsl 36,249 35,568 35,568 36,249 Net galns on Investments Net Income Transfers between fund5 Net Income before other galnslllossesl Other Balns and losses Net movement In funds Re¢onclllatlon of tund$; Total funds brought forward Total fund5 carrled forward 36,249 4,723 4.723 6,098 4,723 4,723 6,098 4,723 4,723 6,098 55,115 55,115 49,017 59,838 S9,838 55,115 PaEe 3
Chllworth Parish Hall Balance Sheet at 31 March 2024 Charlty No. 301782 2024 2023 Flxed assets Investments 45,000 45,QOO 45,OQKJ 45,OOD Current assets Cash at bank and in hand 17,548 17,548 12,7101 14,838 59,838 59,838 13.481 13,481 13,3661 10,115 Creditors.. Amount falling due wlthln one year Net current assèts Total a$5et5 less current Ilabllities Net assets excludlng penslon asset or liablllty Total net a$5et$ 55,115 55,115 59,838 55,115 The funds of the charlty Restrlcted funds Uhrestrlcted fund$ General funds ID io 59.838 55,115 Reserves 59,838 55,IlS io Total fvnds 59,838 55,115 Approved by the trustees on 31 March 2024 $18ned on their behalf by.. P. Feighery Trustee 31 March 2024 Page 4
Chilworth Parish Hall Notes to the At¢ounts for the year ended 31 March 2024 l Accounting policies B45is of preparatlon The financial statements iave been prepared in accordance wlth Statemènt of RÉcomrrended Prattice.. Accounting and Reponlng by Charitles preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland IFRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Klngdom and Republlc of Ireland IFRS 1021 and the Charities Act 2011. Change in basis of accourrtlng orto prevlous accounts There has been no change to the accountin8 policies Ivaluatlan rules and method of accotsntln81 since last year and no Changes kave been made to accounts for previou5 years. Fund accountln8 Unrestrlcted funds These are available for use at the dlscretlgn of the trustees In furtherance of the general obJects of the charlty. These are unrestricted funds earmarked by the trustees for particular purposes. These are unrestrictèd funds which Include a revaluation reserve representlng the restatement of Investment assets at their market values. These are avollable for use subJect to restrictlons Imposed by the donor or through terms of an appeal. Deslgnated funds Revaluation funds Restrlcted funds Income Recognltlon of Income Income Is Included In the Statement of FSnan¢ial Actlvltles ISOFAI when the charlty becornes entitled to, and vlrtually certaln to recelve, the Income and the amount of the in-ome can be measured wlth sufficlent rellablllty, Incomewlth related Where In¢oMe has related expendlture the Income and related expendlture Is expenditure reported gloss in the SOFA. Donatlons and legacies Voluntary Income recelved by way of grants, dc*nations and glfts Is Included Sn the the So=A when rècelvable and only when the Charlty has unconditlonal entitlement to the income. Tax recl3im5 trn Income from tax reclaims is Included in the SOFA at the same time as the donatlon5 and gifts glftldonatlon to which It relates, Donated services and facilities These are only included in income Iwiih an equlvalent amount in expendSturel where-.he benefit to the Charity is reasonably quantlflable, measurablÈ and materi21. Volunteer help The valJe of anyvolunteer help recelved 15 not included In the acctrunts. Investment income Thls is iicluded in the accounts when receivable. Gains/llossèsl on Thls inc udes any 8aiM or Ios5 resulting frorn revaluing Investmènts to market value revaluation of fixed at the end of the year. asset5 Galns/llossesl on investment assets This includes any galn or loss on the sale of Investmènts. Page S
Chilworth Parish Hall Note5 to the Accounts Expenditure Recognition of expenditure ExpèndSture Is rectrgnlsed on an accruals b4515. Expenditure Includes any VAT whlch carnot be fully recovered, and Is reported as part of the expenditure to which it relates. Expenditure on raising funds ThE5e comprlse the cost5 associated with attractlng voluntary Income, fundraising Expenditure on trading costs and investment management costs. These comprise the costs Incurred by the Charity in the delivery of its activitie5 and charStable activitles seri'ices in the furtherance of its objects, includlng the making of 8rants and governance costs. All grant expenditure Ss accounted for on an actual paid basls plus an accrual for grarts that have been approved by the trustees at the end of the year but not yet paic. There Include those costs as50Ciated with meeting the constltutlonal and statutory requlrements of the Charltyi lllcluding any audltlindependent examination fees, costs linked ttr the strateglc management of the CharitV together with a share of other adm5nlstration costs. These are support ¢Dsts not allocated to a partlcular actlvlty. Grants payable Govemance costs Other expenditure Taxatlon The charlty15 exempt from tax on Its charltable attivltles. Freehold Investment property Investment propertles are measured Inllially at CCst and subsequently at falr value at each balance sheet date and are not depreclated. All galns or losses are taken to the Statement of Flnanclal Actlvit+es as they arlse. Stocks Stock Is included at the lower of cost or net realisable value. Donated Items of stock are recognlsed at falr value which Is the amount tne charlty would have been wllllng to pay for the Items on the Dpen market. Trade and other debtors Trade and othÈr debtDrs are recognlsed at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount prepaid net of any trade dlscounts due. Cash and cash equlvalents Cash and cash eouivalents comprlse cash at bank and on hand, demand deposlts with banks and other short-term highly liquid Investments with original maturlties of three months or less and bank overdrafts. In the statement Of financial poisStion, bank c*verdrafts are shown withln borrowln8s or current liabllities. In the Statement of Cash Flows, cash and cash Èqulvalents are shown net of bank overdraft5 that are payable on demand anil forTn an integral part of the company's cash managèment. Trade and other crèdltors Shortterm creditors are measJred at th¢ transaction price. Other credltors and provislons are recognised wherè tho charlty has a present obligatlon resulting from a past event that will probably result in the transfer of funds to a thlrd party and the amount due to settle the obligation can be measured or estimated reliably. Creditors aid prDvision5 are normally rÈcognised at their settlement amount after allowlng for any trade dlscoun-s due. Page 6
Chilworth Parish Hall Note5 to the Accounts Research and development Expendlture on research and development Is written off in the year In which it15 incurred. Foreign curreneies Monetary asset5 and Ilabilities denominated in currencies other than the fvnctlonal currency of the charity are translated at t4e rates of exchange prÈvallln8 èt the end of the reportlng perlod. TransactlDns In currentie< other than the functlonal currency of the ¢harlty are recorded at the rate of exchange on the date tha- the transaction OCCLtrred. All exchange differences are are taken into account in arriving at net Income/expendlture. Leased assets Where the charity enters11to a lease which entails taking substantlally all the risks and rewards of owner5hlp ol an asset, the lease is treaied as a finance lease. Leases whlch do not transfer substantlally all the risks and rewards of ownershlp to charity are cla551fled as operating leases. Assets held under linance aSeS are Inltially retognlsed as assets of the charlty at their falr value at the nception of the lease or, If lower, at the present value of the minimum lease payments. The correspondln8 Ilablllty to the lessor15 Included In the balance sheet date as a finance lease obligatlon. Lease payments are apportioned between flnance expenses and reductlon of the lease obli8atlon so as to achieve a constant rate of iiterest on the remalning balance of the Ilabillty. Flnance expenses are recogn5sed Immedlatelyi urless they are dlrectly attributable to qualifying a55ets, In which case they are capitali5ed In accordance wth the charity's policy on borrowlng costs. Assets held under flnan¢e leases are depreclated in the same way as owned asset5. Operatln8 lease payments are re¢o8nised as an expense on a 5tralght-Ilne basls over th@ lease term. In the event that lease incertlves are recelved to enter Into operotln8 leases, such In¢entlves are rocognlsed as a liabllity. The a8gre8ate benefit of Incentlves is recognlsed as a reductlon of rental expense on a stralght-llne ba51s. Penslon costs The charlty operates a dèfined contributlon plan for its employees. A defined contrlbutlon plan is a penslon plan under whlch the charity pays fixed contrlbutlons into a separate entlty. Once the contributlons have been paic the charlty has no further payments obllgations. The contrlbutions are recognlsed as expenses whÈn they fall due. Amounts not pald afft shown In accruals In the balance sheet. The a55ets of the plan are hehj separately from the charity In Independently admlnlstered funds. Receipt of donated 8oods. facllltles and servlces All donated Boods, faclllties and services received are recognised wlthln Incomlng resources and expenditure at an estlmate of the value to the charity. Page 7
Chilworth Parl$h Hall Notes to the Accounts 2 Ststement ot Finan¢ial Activitle5- prior year Unrestricted funds Total fund5 2023 2023 Income and endowments fr&n: Other trading activities Investmènts Other 41,514 102 41,514 102 Total Expendlture on.. Other 41,666 41,66S Total 35,568 35,568 Net Income 35,568 35,568 Net income before other 8ains/llossesl Other galns and105ses: Net movement In funds Rèconclllatlon of funds: Total funds brought forward Total funds carrled forward 6,098 6,098 6,098 6,098 6.098 6,098 49,017 49,Q17 55,115 55,115 3 Income from other tradln8 artlvltles Uhrè5trlcted Total 2024 Tot?1 2023 Hall hlre ladJ. for deposlts held) 40,807 4Q,807 41,514 40,807 40,807 4 Income from investments 41,514 Unre5tr1cted Total 2024 rotal 2023 Deposlt account SnterÈst 165 165 102 165 165 102 Page 8
Chllworth Parish Hall Notes to the Accounts 5 Other Income Total Total 2024 2023 Sundry income 50 50 6 Other expendlture Unrestricted Total 2024 Total 2023 Premises costs General administrative co¢t5 Legal and professional costs 20,119 9,530 6,600 36,249 20,119 9,530 6.600 36,249 24.088 4,902 6,578 35,568 7 Staff cost5 No employee recelved emcluments In excess of E60,000. 8 Investments Other Investments Llsted Total Cost or revaluatlon At l Aprll 2023 At 31 March 2024 Net book values At 31 March 2024 At 31 March 2023 9 Credltors.. amounts fallin8 due wlthln one year 45,000 45,000 45,000 45.000 45,OOQ 45,000 45,000 45,000 2024 2023 Trade creditor5 Other creditors 906 2,460 3,366 2,710 2,710 Page 9
Chllworth Parish Hall Notes to the Accounts 10 Movement In fvnd5 Incomlng resource5 lincluding other At l April galns/losses 2023 Resources expended At31 March 2024 Restricted funds.. Unrestrl¢ted funds.. General fLrnd5 55,115 40,972 136,2491 59,838 Total fund5 11 Analysls of net assets between fund5 Unrestricted funds Totsl Investments Nel current 455ets 45,QQO 14,838 45,000 14,838 12 Re¢onclllatlon of net debt At31 March 2024 At l Aprll 2023 Cash flows Cash and cash equlvalents 13,481 13,481 4,067 4,067 17,548 17,S48 Net debt Page IQ
Chilworth Par15h Hall Statement of Cash flows for the year ended 31 March 202d 2024 2023 Cash flows from operating actSvitle5 Net income per Statement of Financlal Activlties 4,723 6,098 Adlustments for,. Dlvidends, Interest and rernts from Investments IOecreasel/lncrease in trade and other payables 11651 16561 11521 3.366 Net cash provided by operating actlvitles 3,902 9,312 Cash flows from Investing actltIeS Divldends, Intèrest and rents from Investmentg 165 152 Ntt cash from Invest5n8 actlvltles 165 152 Net cash from financlng a¢tlvldes Net Increase In cash and ra$h equlvalentS 4,067 9,464 Cash and cash equlvalents at the beglnnlnB of the year 13,481 Cash and osh equlvalent5 at the end of the year 17.548 9,464 Components of cash and cash e4ulvalents Cash and bank balances 17,S48 13,481 17,548 13,481 Page 11
Chilworth ParI5h Hall Detailed Statement ol Financial Activltles for the year ended 31 Mareh 21)24 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Incowne and endowments from: Other trading activities Hall hire ladj. for deposits heldl 40,807 40,807 40,807 40,807 41.514 41.514 Investments Deposlt account Interest 165 165 165 102 102 Other Sundry Income 165 50 50 Total Income and endowment5 ExpendSture on: Premises costs Rates Ll8ht, heat and power Premises cleanlng Prem15es Insurances Premlses repair5 and malntenance Other premlses Costs 40,972 40,972 41,666 318 S,343 9,294 440 S,078 10,116 5,078 10.116 3,805 3,805 7,732 1,120 20,119 1,120 20,119 961 24,088 General admlnlstratlve costs, Includlng depreciation and amortisat5on Equipment expensed General insurances Informatlon and publlcatlDn5 Software, IT support Ind relat@d costs 5,596 1.457 5,S96 1,457 50 1,427 2,511 876 Stationery and prlntlng Subscriptlons Sundry expenses Telephone, fax and broadband 876 98 675 49 872 9,530 675 49 35 772 4.902 872 9,530 legal and professional CDSt5 Accountanry and bookkeeping Consultancy feel 2,400 4,200 6,600 2,400 4,200 6.600 2,378 4,200 6,578 Total of expenditure of other costs 36,249 36,249 35,568 Page 12
Chilworth Parish Hall Detailed Statement of F5nantial ActlvitFes Total expendlture Net galns on investlnents 36,249 36,249 35,568 Net Income 4,723 4,723 6,098 Netlncome before other gains1llosses1 Other Galns 4,723 4,723 6,098 Net movemènt In funds 4.723 4,723 6,098 Reconclllatlon of funds: Total funds brought forward Total funds carried forward 55,115 55,IlS 49,017 59,838 59.838 5S,115 Page 13