Trustee Treasurer’s Report Concerning the Charity Accounts for the Year Ending 31 March 2024.
I report on the accounts of the charity, which are set out in the following pages.
A summary Statement of the Accounts is shown below:
| Income | 2023/24 | 2022/23 |
|---|---|---|
| Income from Sales | 88,699.44 | 82,199 |
| Grants and Donations | 7,175.50 | 0 |
| Cash in Hand | 0 | 0 |
| Total Income | 95,873.94 | 82,199 |
| Expenditure | 2023/24 | 2022/23 |
| Costs of Sales | 103,249.22 | 89,049 |
| Capital Expenditure | 0 | 0 |
| Total Expenditure | 103,249.22 | 89,049 |
| Net Income/(loss) | -7,375.28 | -6,849 |
Notes to the accounts for the year ending 31 March 2024.
1. Basis of Preparation.
-
a. These financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities – Statement of Recommended Practice (SORP revised 2005) and general accounting practices.
-
b. Any exceptions to the foregoing SORP are identified in the following notes.
2. Accounting Practices.
-
a. Recognition of income has been included in the statements of the financial activities only where it has been assured within the relevant bank accounts.
-
b. There is no investment income and no interest paid on bank deposits.
-
c. Recognition of expenditure has been included in the statements of the financial activities only where it is confirmed from the relevant bank accounts. Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to expenditure.
-
d. Governance costs – there have been no governance costs incurred or expected to be incurred with respect to these accounts.
-
e. Voluntary help – the value of voluntary help is not included within the accounts.
3. No adjustments have been made to the accounts
-
a. There is no provisos for cash in hand as there was a minimal amount remaining because the surplus cash was banked during the year.
-
b. No provisions have been included against the value of unsold stock in the café at 31 March 2024. Stocks were sold off during the shut-downs so a minimal amount of stock remained at 31 March 2024.
4. Exceptional issues. There are no outstanding and unresolved issues.
5. £7175.50 of grants awarded.
6. A monthly summary of the year accounts is attached.
7. Balance of Lloyds Bank Account at 31 March 2024 was £19,029.47
Trustee Treasurer’s Report Concerning the Charity Accounts for the Year Ending 31 March 2024
I report on the accounts of the charity, which are set out in the following pages.
A summary Statement of the Accounts is shown below:
| Income | 2023/24 | 2022/23 |
|---|---|---|
| Income from Sales | 88699.44 | 82,199 |
| Grants and Donations | 7175.50 | 0 |
| Cash in Hand | 0 | 0 |
| Total Income | 95,873.94 | 82,199 |
| Expenditure | 2023/24 | 2022/23 |
| Costs of Sales | 103,249.88 | 89,049 |
| Capital expenditure | 0 | 0 |
| Total Expenditure | 103,249.88 | 89,049 |
| Net Income (loss). | -7,375.28 | -6,849 |
Full details of all income and expenditures are included on the accounting spreadsheets provided to trustees each month.
Norton- Juxta- K•fflpMy Paflsh Hall Flnanclal A for 023-20 The Charity's tNstseS aro resw)nslble for lh8 preparation of tha accounts. An audtl of the accounts is not roquired under section 144 of tho Charit*$ Acl 2011 (Tho Charithrys Aci) tArt an indepoThJent oxaminats'on 18 need8d. It is my responsibility to.. Examine the accounts under section 145 of The Charrties Act. To lollow any procedures Laid down In the general directions given by the Charlty Commi88ion (under sectlon 145151 Ibl ofTh8 Ch8rftiesAd. To stage whether p8rticuL8r m8tter$ have come to my 8tt6ntlon. My examination was carrled out Sn accordanc6 with gen8r81 dlr8Ctlon8 given by the Charlty Commi88lon. An examination includes 8 review olthé 8ccountlng records kept by the Charity 8nd 8 comparlson of the accounts 18 presented wlth th088 record8. tt 8180 Includ88 consld8r8tion of 8ny u8U8ls It8ms or dl8closure8 in the accounts. and for seeing explanatlon8 Irom the trustees concerning 8nysuch matters. The procedures undertaken do not provide all the evidence thatwould be required in an audit and consequently, no opinion is given as to whether the 8¢counts pr8sent 8 'true and fair, view, 8nd the report 18 Ilmited to those matters set out in the stetement below. In connection wlth my examination of th8 account of the fin8nci81 year from 01 April 2023 to 31 March 2024,1 have taken note of the inform8tion provided by the Trustee who is responsible for the accounts. No particular matter h88 come to my attention. Slgnod.... ..... Dated... Mr Adrlan Franc1• 42 Tlddlngton Road Stratlord Upon Avon Warwlck8hlr• CV37 78A
Norton- Juxta-Kempsey Parish Hall. Financial Accounts for the financial year 2023-2024.
Charities Act 2011:
145 Examination of accounts an option for lower-income charities.
-
(1) If section 144(2) does not apply to a financial year of a charity but it’s gross income in that year exceeds £25,000 the accounts of the charity for that year must, at the election of the charity trustees be-
-
(a) Examined by an independent examiner, that is, an independent person who is reasonably believed by the trustees to have the requisite ability and practical experience to carry out a competent examination of the accounts or
-
(b) Audited by a person within section 144(2) (a) or (b).