## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 AUGUST 2024 FOR BOLEY PARK COMMUNITY HALL REGISTERED CHARITY NUMBER: 517327**
## **DAINS AUDIT LTD**
## **CHARTERED ACCOUNTANTS**
**St John’s Court Wiltell Road Lichfield Staffordshire WS14 9DS**
**BOLEY PARK COMMUNITY HALL**
## **INDEX TO THE FINANCIAL STATEMENTS**
||Page|
|---|---|
|Annual Report|1-2|
|Independent Examiners Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Accounts|6|
## **BOLEY PARK COMMUNITY HALL ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024**
The Trustees present their Report for the year ended 31 August 2024.
The Trustees who served during the year were:
Mr A Briggs Appointed 7 February 2024 Mr C J Spruce Mrs J M Eagland Mr M A Warfield Mr R Yardley Mr D Smedley Appointed 7 February 2024 Mrs H Winter Appointed 7 February 2024
Chairman and Treasurer
The Charity was established by Lease and Trust Deed dated 3 December 1985 and is registered with the Charity Commission, number 517327. Lichfield City Council granted the lease to the Trustees of Boley Park Community Hall. A deed of modification was executed on 2 September 2020, under the terms of which the Councillors of Lichfield City Council (The City Council) became the new trustees and delegate their rights and powers to specific officers of the City Council. A further deed of variation was executed on 7 February 2024 to appoint additional new trustees.
The induction process for any newly appointed trustee comprises an initial meeting with the Managing Committee at which a pack is provided. This includes a copy of the governing document, a copy of the most recent annual report and accounts, copy Minutes of previous Trustees’ Meetings and a copy of the Charity Commission Guidance “The Essential Trustee”.
The Charity’s address is Boley Park Community Hall, 7 Ryknild Street, Lichfield, Staffordshire.
## **Objects, Organisation and Activities for the Public Benefit**
The Charity is established to enhance the community life of the inhabitants of Lichfield by providing communal facilities.
The Hall is available for hire by any individual or organisation in accordance with the standard hiring agreement and scale of charges adopted for the year. It is intended that the scale of charges be sufficient to generate enough income to meet all expenditure incurred in running and maintaining the interior of the Hall. Lichfield City Council is responsible for exterior maintenance and insuring the Hall.
Page 1
## **BOLEY PARK COMMUNITY HALL ANNUAL REPORT FOR THE YEAR ENDED 31 AUGUST 2024 (CONTINUED)**
## **Public Benefit**
The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit and have complied with their duty under the Charities Act 2011.
## **Review of Progress and Achievements**
Hall letting income for the year amounted to £24,587 as compared with £20,943 for the previous year. Expenditure for the year totalled £22,252 resulting in a surplus for the year of £4,976. Hall bookings continue to be healthy. There is limited availability for regular hires. The Committee ensures that the hall is maintained to a high standard.
- The hall has a dedicated website (www.boleypark communityhall.org.uk), which is regularly updated. Prospective hirers can make online enquiries regarding availability.
## **Finances**
The attached financial statements show the current state of the finances, which the Trustees consider to be sound. Free reserves at 31 August 2024 totalled £24,965, which the Trustees consider reasonable to meet its working capital requirements and finance cyclical and unexpected repairs. The Charity’s bankers are National Westminster Bank plc, Lichfield.
The Independent Examiner is Mark Gurney of Dains Audit Ltd, Chartered Accountants, Lichfield.
## **Risk Review**
The Managing Committee have examined the major internal and external risks which the charity faces and confirm that systems have been established to minimise these risks.
## **Trustees’ Responsibilities in Relation to the Financial Statements**
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the appropriate Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Date: March 2025
A Briggs On behalf of the Managing Committee,
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## **INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF BOLEY PARK COMMUNITY HALL**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2024 which are set out on pages 4 to 6.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply 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 report in order to enable a proper understanding of the accounts to be reached.
M Gurney FCCA, DChA of Dains Audit Ltd St. John’s Court Wiltell Road Lichfield
Date: March 2025
Page 3
## **BOLEY PARK COMMUNITY HALL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31 AUGUST 2024**
|**2024**
**£**
**Income**
Hall Hire
Bank Interest
Recharge of electric
**Total Income**
**Expenditure**
**Provision of Hall**
Cleaning
7,968
Heat and Light
7,767
General Rates
255
Water and Sewage Rates
643
Trade Refuse
605
Repairs and Renewals
1,386
Licences
259
Insurance
619
Independent Examiner
876
Sundry Expenses
620
Legal Fees
1,254
_____
**Total Expenditure**
**Net Income/(Expenditure)**
Fund balances brought forward
**Fund balances carried forward**|
**2023**
**£**
**£**
24,587
228
2,413
_____
27,228
7,748
3,182
396
531
619
378
352
1,438
624
723
-
_____
22,252
_____
4,976
19,989
______
24,965
______|
**£**
20,943
138
324
_____
21,405
15,991
_____
5,414
14,575
______
19,989
______|
|---|---|---|
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## **BOLEY PARK COMMUNITY HALL BALANCE SHEET AT 31 AUGUST 2024**
|**2024**
**2023**
**£**
**£**
**£**
**Current Assets**
Debtors and Prepayments (Note 3)
2,845
2,638
Balances at Bank:
Deposit Account
4,584
4,357
Current Account
20,735
15,537
______
______
28,164
22,532
**Current Liabilities**
Creditors
3,199
2,543
______
______
**Net Current Assets**
24,965
______
**Net Assets**
24,965
______
Represented By
**Accumulated Income Funds**
24,965
______
Approved on March 2025:
…………………………………………….
……………………………..
A Briggs
H Winter|
**£**
19,989
______
19,989
______
19,989
______|
|---|---|
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**BOLEY PARK COMMUNITY HALL NOTES TO THE ACCOUNTS FOR THE YEAR TO 31 AUGUST 2024**
## **1. ACCOUNTING POLICIES**
## **General**
These financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective January 2019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
These financial statements have been prepared under the historical cost convention.
These financial statements have been prepared on the accruals basis.
## **2. TRUSTEES EXPENSES AND REMUNERATION**
No remuneration or expenses were paid to trustees during the year. (2023 £nil).
## **3. DEBTORS AND PREPAYMENTS**
|Debtors – Hall Hire
Prepayments
Electric recharge|**2024**
**£**
2,038
807
-
_____
2,845
_____|**2023**
**£**
1,390
924
324
_____
2,638
_____|
|---|---|---|
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