Trustee Treasurer’s Report Concerning the Charity Accounts for the Year Ending 31 March 2025.
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 | 2024/25 | 2023/24 |
|---|---|---|
| Income from Sales | 125.392.21 | 88,699.44 |
| Grants and Donations | 0 | 7175.50 |
| Cash in Hand | 0 | 0 |
| Total Income | 125,392.21 | 95,873.94 |
| Expenditure | 2024/25 | 2023/24 |
| Costs of Sales | 127,376.59 | 103,249.22 |
| Capital Expenditure | 0 | 0 |
| Total Expenditure | 127,376.59 | 103,249.22 |
| Net Income/(loss) | -1984.32 | -7,375.28 |
Notes to the accounts for the year ending 31 March 2025.
1. Basis of Preparation.
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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.
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b. Any exceptions to the foregoing SORP are identified in the following notes.
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2. Accounting Practices.
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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.
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b. There is no investment income and no interest paid on bank deposits.
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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.
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d. Governance costs – there have been no governance costs incurred or expected to be incurred with respect to these accounts.
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e. Voluntary help – the value of voluntary help is not included within the accounts.
3. No adjustments have been made to the accounts
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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.
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b. No provisions have been included against the value of unsold stock in the café at 31 March 2025. Stocks were sold off during the shut-downs so a minimal amount of stock remained at 31 March 2025.
4. Exceptional issues. There are no outstanding and unresolved issues.
5. No grants awarded.
6. A monthly summary of the year accounts is attached.
7. Balance of Lloyds Bank Account at 31 March 2025 was £17,045.15
Trustee Treasurer’s Report Concerning the Charity Accounts for the Year Ending 31 March 2025
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 | 2024/25 | 2023/24 |
|---|---|---|
| Income from Sales | 125,329.21 | 88,699.44 |
| Grants and Donations | 0 | 7175.50 |
| Cash in Hand | 0 | 0 |
| Total Income | 125,329.21 | 95,873.95 |
| Expenditure | 2024/25 | 2023/24 |
| Costs of Sales | 127,376.59 | 103,249.22 |
| Capital expenditure | 0 | 0 |
| Total Expenditure | 127,376.59 | 103,249.22 |
| Net Income (loss). | -1984.32 | -7,375.28 |
Full details of all income and expenditures are included on the accounting spreadsheets provided to trustees each month.
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Norton- Juxta-Kempsey Parish Hall. Financial Accounts for the financial year 2024-2025.
Charities Act 2011:
145 Examination of accounts an option for lower-income charities.
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(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-
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(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 exmanination of the accounts or
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(b) Audited by a person within section 144(2) (a) or (b).