REGISTERED CHARITY NUMBER: 521076
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
FOR COCKERHAM PARISH HALL
RfM Fylde Limited Summerdale Head Dyke Lane Pilling Lancashire PR3 6SJ
COCKERHAM PARISH HALL
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 3 |
| Independent Examiner's Report | 4 | ||
| Statement of Financial Activities | 5 | ||
| Balance Sheet | 6 | ||
| Notes to the Financial Statements | 7 | to | 11 |
COCKERHAM PARISH HALL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The object of the Charity is:
To manage and maintain the use of the Parish Hall for the benefit of the village and surrounding area.
Significant activities
The provision of first class hall facilities to voluntary and other organisations serving the community.
ACHIEVEMENT AND PERFORMANCE
The charity has continued to maintain the hall for the benefit of the inhabitants of the village and surrounding area.
Page 1
COCKERHAM PARISH HALL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
FINANCIAL REVIEW
The commentary below highlights the key transactions during the financial year:
Income and Endowments
-
Hall hire, field hire and other events - £8,381
-
Bar income - £24,760
-
Recreation Scheme income - £4,820
Total incoming resources £37,961
Expenditure
-
Charitable activities - £54,847
-
Depreciation - £448
-
Governance costs - £780
Total resources expended £56,075
Total resources expended exceeded incoming resources by £18,114
Balance Sheet
At the start of the 2022/23 financial year, the total reserves of the charity amounted to £92,942.
With resources expended exceeding incoming resources the carried forward reserves amount to £74,828 made up of:
-
Fixed Assets - £2,536
-
Plant and machinery £493 after deducting £87 of accumulated depreciation
-
Fixtures and fittings £2,043 after deducting £361 of accumulated depreciation
2. Current assets - £72,901
-
Bar stock of £2,590
-
Bank accounts of £68,324
-
Cash accounts of £1,987
Less
3. Creditors £609
-
Accounts examination fee £540
-
Water rates £69
The reserves are managed to fulfil the object of the Charity.
The trustees consider this to be a healthy financial position.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Organisational structure
The Charity was established by a scheme dated 19 November 1963 and is governed by a Trust Deed of that date
registered with the Charity Commission.
Page 2
COCKERHAM PARISH HALL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 521076
Principal address
14 Main Street Cockerham Lancaster Lancashire LA2 0EF
Trustees
Mr D Lambert Ms L Bellis Mr W Jacques Mr C Rossall Ms A Swarbrick Mr D Woodhead Mr A Bellis Ms D Brindley Mr S Holden
Independent Examiner
Alan Meikle Bsc (Hons) FCA RfM Fylde Limited Summerdale Head Dyke Lane Pilling Lancashire PR3 6SJ
Approved by order of the board of trustees on 7 May 2024 and signed on its behalf by:
Mr D Lambert - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COCKERHAM PARISH HALL
Independent examiner's report to the trustees of Cockerham Parish Hall
I report to the charity trustees on my examination of the accounts of Cockerham Parish Hall (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all 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:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Alan Meikle Bsc (Hons) FCA
RfM Fylde Limited Summerdale Head Dyke Lane Pilling Lancashire PR3 6SJ
7 May 2024
Page 4
COCKERHAM PARISH HALL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023
| 2023 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies - Charitable activities Hall hire & bar 33,141 Recreation Scheme 4,820 Investment income 2 - Total 37,961 EXPENDITURE ON Charitable activities Hall hire & bar 49,418 Recreation Scheme 6,657 Total 56,075 NET INCOME/(EXPENDITURE) (18,114) RECONCILIATION OF FUNDS Total funds brought forward 92,942 TOTAL FUNDS CARRIED FORWARD 74,828 |
2022 Total funds £ 10,667 49,806 4,487 24 |
|---|---|
| 64,984 | |
| 44,172 2,431 |
|
| 46,603 | |
| 18,381 74,561 |
|
| 92,942 |
The notes form part of these financial statements
Page 5
COCKERHAM PARISH HALL
BALANCE SHEET 31 MARCH 2023
| 2023 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 2,536 CURRENT ASSETS Stocks 6 2,590 Cash at bank and in hand 70,311 72,901 CREDITORS Amounts falling due within one year 7 (609) NET CURRENT ASSETS 72,292 TOTAL ASSETS LESS CURRENT LIABILITIES 74,828 NET ASSETS 74,828 FUNDS 8 Unrestricted funds 74,828 TOTAL FUNDS 74,828 |
2022 Total funds £ - - 92,942 |
|---|---|
| 92,942 - |
|
| 92,942 | |
| 92,942 | |
| 92,942 | |
| 92,942 | |
| 92,942 |
The financial statements were approved by the Board of Trustees and authorised for issue on 7 May 2024 and were signed on its behalf by:
Mr D Lambert - Trustee
The notes form part of these financial statements
Page 6
COCKERHAM PARISH HALL
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance Fixtures and fittings - 15% on reducing balance
STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
TAXATION
The charity is exempt from tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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continued...
COCKERHAM PARISH HALL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
2. INVESTMENT INCOME
| INVESTMENT INCOME | |||
|---|---|---|---|
| 2023 | 2022 | ||
| £ | £ | ||
| Deposit account interest | - | 24 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricte | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 10,667 |
| Charitable activities | |
| Hall hire & bar | 49,806 |
| Recreation Scheme | 4,487 |
| Investment income | 24 |
| Total | 64,984 |
| EXPENDITURE ON | |
| Charitable activities | |
| Hall hire & bar | 44,172 |
| Recreation Scheme | 2,431 |
| Total | 46,603 |
| NET INCOME | 18,381 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 74,561 |
| TOTAL FUNDS CARRIED FORWARD | 92,942 |
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continued...
COCKERHAM PARISH HALL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
5. TANGIBLE FIXED ASSETS
| 5. | TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|---|
| Fixtures | |||||
| Plant and | and | ||||
| machinery | fittings | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| Additions | 580 | 2,404 | 2,984 | ||
| DEPRECIATION | |||||
| Charge for year | 87 | 361 | 448 | ||
| NET BOOK VALUE | |||||
| At 31 March 2023 | 493 | 2,043 | 2,536 | ||
| At 31 March 2022 | - | - | - | ||
| 6. | STOCKS | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Stocks | 2,590 | - | |||
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Other creditors | 609 | - | |||
| 8. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1/4/22 | in funds | 31/3/23 | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 92,942 | (18,114) | 74,828 | ||
| TOTAL FUNDS | 92,942 | (18,114) | 74,828 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 37,961 | (56,075) | (18,114) | ||
| TOTAL FUNDS | 37,961 | (56,075) | (18,114) |
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continued...
COCKERHAM PARISH HALL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
8. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1/4/21 in funds £ £ Unrestricted funds General fund 74,561 18,381 TOTAL FUNDS 74,561 18,381 |
At 31/3/22 £ 92,942 |
|---|---|
| 92,942 |
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 64,984 | (46,603) | 18,381 |
| TOTAL FUNDS | 64,984 | (46,603) | 18,381 |
A current year 12 months and prior year 12 months combined position is as follows:
| Net movement At 1/4/21 in funds £ £ Unrestricted funds General fund 74,561 267 TOTAL FUNDS 74,561 267 |
At 31/3/23 £ 74,828 |
|---|---|
| 74,828 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 102,945 | (102,678) | 267 |
| TOTAL FUNDS | 102,945 | (102,678) | 267 |
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continued...
COCKERHAM PARISH HALL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023
9. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
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