STAINING VILLAGE HALL ASSOCIATION Registered Charity Number 501322
Patricia Craig Home Address Treasurer Staining Villa Staining Road West Staining Blackpool Lancashire FY3 0AT
Treasurers report to the AGM December 2022
As you can see from the accounts we are doing rather well.
It is often said that we are “cheap” and should put the rents up but with the income we have currently and the balances at the bank I can’t justify a rental increase.
There will undoubtedly be some major outgoings within the next couple of years as there are roof
repairs, floor repairs and probably some others too. However as a non-profit making charitable body we really should not have these kind of balances in the bank and really need to find something to spend it on.
However having said that it would probably be wise to see what the balances are after a full non-Covid year.
My thanks go to Paul Swindells for auditing the accounts and I propose the accounts to the meeting for approval.
Trish Craig
Treasurer SVHA
Staining Village Hall, Chain Lane Staining. FY3 0DD stainingvillagehall@gmail.com
| STAINING VILLAGE HALL ASSOCIATION | STAINING VILLAGE HALL ASSOCIATION | REGISTERED CHARITY No. 501322 | REGISTERED CHARITY No. 501322 | ||||
|---|---|---|---|---|---|---|---|
| S.V.H.A. RECEIPTS and PAYMENTS ACCOUNT | YEAR ENDING 31st. OCT.2022 | ||||||
| RECEIPTS | 2021-22 | 2020-21 | PAYMENTS | 2021-22 | 2020-21 | ||
| Opening Balances 1st. Nov. | £ | £ | £ | £ | |||
| Current Account HSBC Bank | 55,275 | 27,173 | Buildings Insurance Incl PL | 1,261 | 1,226 | ||
| Building Improvements | - | - | |||||
| HSBC Bank Bond 1Yr. | 10,544 | 10,543 | Equipment & Furnishings | - | 819 | ||
| HSBC Bank Bond 2Yr. | 36,549 | 36,549 | Consumables | 631 | 359 | ||
| Debtors/Cash/Cheques Unbanke | 872 | 605 | Utilities | 2,436 | 1,758 | ||
| Maintenance | 1,344 | 1,566 | |||||
| Receipts in year | Cleaning Services | 1,055 | 475 | ||||
| Rents | 24,689 | 13,918 | Admin incl. Fees & Postage | 646 | 976 | ||
| Rents Owing | 1,892 | 800 | Publicity | 20 | 20 | ||
| Rentals in advance - 2022/23 | 326 | ||||||
| Donations | 140 | 1,220 | |||||
| Grants | 2,667 | 19,051 | |||||
| Other (3) | - | 580 | Closing Balances 31st.Oct. | ||||
| - | - | ||||||
| Utility refunds | Current Account HSBC Bank | 76,369 | 55,275 | ||||
| HSBC Bank Money Market 1Yr. Bond | 10,605 | 10,544 | |||||
| Interest HSBC Bond 1Yr. | 60 | 1 | HSBC Bank Bond 2Yr. | 36,772 | 36,549 | ||
| Interest HSBC Bond 2Yr. | 223 | - | Cash / Unbanked Cheques | 207 | 72 | ||
| Rental owing | 1,892 | 800 | |||||
| 133,238 | 110,441 | 133,238 | 110,441 | ||||
| S.V.H.A. INCOME & EXPENDITURE | REVENUE | ACCOUNT | YEAR ENDING 31st. OCT. 2022 | ||||
| INCOME | 2021-22 | 2020-21 | EXPENDITURE | 2021-22 | 2020-21 | ||
| £ | £ | £ | £ | ||||
| Rents/Cash in hand/other | 27,496 | 34,769 | Buildings Insurance incl. PL | 1,261 | 1,226 | ||
| Rents Owing | 1,892 | 800 | Consumables | 631 | 359 | ||
| Utilities | 2,436 | 1,758 | |||||
| Maintenance | 1,344 | 1,566 | |||||
| Interest HSBC Bond 1Yr. | 60 | 1 | Cleaning Services | 1,055 | 475 | ||
| Interest HSBC Bond 2Yr. | 223 | - | Administration incl. Postage | 646 | 976 | ||
| Publicity | 20 | 20 | |||||
| Balance Income over Expenditure | 22,278 | 29,189 | |||||
| 29,671 | 35,570 | 29,671 | 35,570 |
S.V.H.A. A/Cs 2021/22 PAGE ONE OF FOUR
STAINING VILLAGE HALL ASSOCIATION REGISTERED CHARITY No. 501322
S.V.H.A. ACCOUNTS YEAR ENDING 31st. OCT.2022 FURTHER CROSS CHECKS
S.V.H.A. RECEIPTS and PAYMENTS ACCOUNT YEAR ENDING 31st. OCT.2022
COVERING ALL OF THE CAPITAL AND REVENUE TRANSACTIONS
| INCOME 2021-2022 £ Rents/Cash in hand/other 27,496 Unpaid Account 1,892 Interest HSBC Bond 1Yr. 60 Interest HSBC Bond 2Yr. 223 Balance Expenditure over Income |
2020-21 £ 34,769 800 1 |
EXPENDITURE 2021-22 £ Buildings Insurance incl. PL 1,261 Consumables 631 Utilities 2,436 Maintenance 1,344 Cleaning Services 1,055 Administration incl. Postage 646 Publicity 20 Building Improvements - Equipment & Furnishings Balance Income over Expenditure 22,278 |
2020-21 £ 1,226 359 1,758 1,566 475 976 20 819 28,370 |
|---|---|---|---|
| 29,671 | 35,570 | 29,671 | 35,570 |
| COMPARISON OF OPENING AND CLOSING | BANK BALANCES | ||
| Opening Balances at Banks 1st. November 2021 £ Current Account HSBC Bank 55,275 - 10,544 36,549 HSBC Bank Money Market 1Yr. Bond HSBC Bank Money Market 2Yr. Bond |
Closing Balances at Banks 31st. October Current Account HSBC Bank HSBC Bank Money Market 1Yr. Bond Matures 23rd. October 2021 HSBC Bank Money Market 2Yr. Bond Matures 22nd. December 2022 |
2022 £ 76,369 10,605 36,772 |
|
| 102,369 | 123,746 | ||
| Closing Balances at Banks -->>>>>>>>>> Opening Balances at Banks -->>>>>>>>> |
123,746 102,369 |
||
| Closing Balances at Banks | has Increased by --->>>>>>>>>>>>> | 21,377 | |
| Movement in Cash and Sums owing Less rentals received in advance |
1,227 326 |
||
| Balances have increased by | 22,278 |
S.V.H.A. A/Cs 2PAGE TWO OF FOUR
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STAINING VILLAGE HALL ASSOCIATION REGISTERED CHARITY No. 501322
S.V.H.A. ACCOUNTS YEAR ENDING 31st. OCT.2022
BALANCE SHEET
2021-22 2020-21
FIXED ASSETS ( Freehold Building ) £ £ £ £
Village Hall Valuation as at 31st. October 2021 876,773
-
Capital Expenditure this year up to 31st. October 2022
Revaluation of Village Hall ( If applicable state date of revaluation )
876,773 876,773 876,773
EQUIPMENT & FURNISHINGS
Cost value at year ending 31st. Oct. 2021 21,388
Additional cost during last 12 months
Depreciation 2011to 2022
Cost value at year ending 31st. October 2022 21,388 21,388 21,388
Total Cost of Fixed Assets to the Association 898,161 898,161
CURRENT ASSETS
Current Account HSBC Bank 76,369
Cash and owing 2,099
HSBC Bank Money Market Bond 1Yr. 21/22 10,605
HSBC Bank Bond 2Yr. 20/22 36,772
Total Current Assets 125,845 125,845 103,241
TOTAL ASSETS 1,024,006 1,001,402
DEDUCT
Current Liabilities - -
NETT ASSETS 1,024,006 1,001,402
REPRESENTED BY 2021-22 2020-21
£ £
Capital Account Balance at 31st October 1,001,402 972,213
-
Depreciation on Value of Equipment & Furnishings
Increase in Fixed Assets upon revaluation April 2016
Excess Expenditure over Income
Excess Income over Expenditure over 22,278 29,189
Capital Account Balance at 31st October 1,023,680 1,001,402
S.V.H.A. A/Cs 2021/22 PAGE THREE OF FOUR
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STAINING VILLAGE HALL ASSOCIATION REGISTERED CHARITY No. 501322
S.V.H.A. RECEIPTS and PAYMENTS ACCOUNT YEAR ENDING 31st. OCT.2022
NOTES
Commitments
Estimated Future Capital Expenditure £ £
Follow spot stand 300
Computerised Projector Facilities 1,000
1,300
Revenue work
Maint Ext. & Int.Doors 500
Floor Repairs 500 1,000
2,300
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| In accordance with the requirements of the National Lottery Charity Board, the Association | In accordance with the requirements of the National Lottery Charity Board, the Association | In accordance with the requirements of the National Lottery Charity Board, the Association | In accordance with the requirements of the National Lottery Charity Board, the Association |
|---|---|---|---|
| is obliged to keep an Emergency Reserve of £ 20,000 as | valued at February 1999 . | ||
| The updated figure allowing for inflation up to 31st Oct.2022 is as shown below:- | |||
| Reserve as at 31st. October 2021 ( See Last years A/Cs.) | 41,022 |
||
| Add Inflation at 9% per annum. | 3,692 | ||
| Emergency Reserve as at 31st. October 2022 | 44,714 | ||
| The following confirms this position :- | |||
| Total balance at the banks . Current and Deposit | 125,845 | ||
| LESS COMMITMENTS | 2,300 | ||
| Less Emergency Reserve | 44,714 | ||
| 47,014 | 47,014 | ||
| 78,831 |
This leaves £78,831 in the Revenue and Maintenance Reserve Fund
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The above Accounts have been prepared from the Books and Records of the
Staining Village Hall Association, and are certified to be in accordance therewith.
Patricia Craig ( Treasurer ) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Paul Swindells ( Independent Examiner ) _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
Approved at the Annual General Meeting held 1st December 2022
Sophie Williams Diane Parkinson
CHAIRPERSON _ _ _ _ _ _ _ _ _ _ _ _ SECRETARY _ _ _ _ _ _ _ _ _ _ _ _ _
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S.V.H.A. A/Cs 2021/22 PAGE FOUR OF FOUR
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the Charity Name STAINING VILLAGE HALL ASSOCIATION trustees/ members of 31st. OCT.2022 Charity 501322 On accounts for the no (if year ended any) Set out on pages 1
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/10/2022
Responsibilities and As the charity trustees of the Trust, you are responsible for the basis of report preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material examiner's matters have come to my attention (other than that disclosed statement below *) in connection with the examination which gives me cause to believe that in, any material respect:
-
accounting records were not kept in accordance with section 130 of the Act or
-
the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Date: 12.11.2022
Signed: Paul Swindells Name:
1
IER
October 2018
Relevant N/A professional qualification(s) or body (if any):
Address: 32 Moreton Drive Staining Lancashire FY3 0DR
Section B Disclosure
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
2
IER
October 2018
Give here brief details of any items that the examiner wishes to disclose .
3
IER
October 2018