REGISTERED CHARITY NUMBER: 521076
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
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 2024
| 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 |
| Detailed Statement of Financial Activities | 12 to 13 |
COCKERHAM PARISH HALL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 2024
FINANCIAL REVIEW
The commentary below highlights the key transactions during the financial year:
Income and Endowments
-
Hall hire, field hire and other events - £11,662
-
Bar income - £62,515
-
Recreation Scheme income - £5,040
Total incoming resources £79,217
Expenditure
-
Charitable activities - £57,284
-
Support costs - £1,980
-
Governance costs - £795
Total resources expended £60,059
Total incoming resources exceeded resources expended by £19,198
Balance Sheet
At the start of the 2023/24 financial year, the total reserves of the charity amounted to £74,828.
With resources expended exceeding incoming resources the carried forward reserves amount to £94,026 made up of:
1. Fixed Assets - £5,093
-
Plant and machinery £1,856 after deducting £278 of accumulated depreciation
-
Fixtures and fittings £3,237 after deducting £834 of accumulated depreciation
-
Current assets - £90,242
-
Bar stock of £3,000
-
Bank & cash accounts of £86,742
-
Prepayments £500
Less
3. Creditors £1,309
-
Accountancy fees outstanding £1,260
-
Water rates £49
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.
Page 2
COCKERHAM PARISH HALL
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT 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.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
521076
Principal address
14 Main Street Cockerham Lancaster Lancashire LA2 0EF
Trustees
Mr D Lambert Mr W Jacques Mr D Woodhead Mr A Bellis Ms D Brindley Mr S Holden Ms H Yates
Independent Examiner
Sarah Flynn FCA RfM Fylde Limited Summerdale Head Dyke Lane Pilling Lancashire PR3 6SJ
Approved by order of the board of trustees on ............................................. 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 2024.
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.
Sarah Flynn FCA
RfM Fylde Limited Summerdale Head Dyke Lane Pilling Lancashire PR3 6SJ
Date: .............................................
Page 4
COCKERHAM PARISH HALL
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| 2024 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Charitable activities Hall hire & bar 74,177 Recreation Scheme 5,040 Investment income 2 40 Total 79,257 EXPENDITURE ON Charitable activities Hall hire & bar 57,495 Recreation Scheme 2,564 Total 60,059 NET INCOME/(EXPENDITURE) 19,198 RECONCILIATION OF FUNDS Total funds brought forward 74,828 TOTAL FUNDS CARRIED FORWARD 94,026 |
2023 Total funds £ 33,141 4,820 - 37,961 49,418 6,657 56,075 (18,114) 92,942 74,828 |
|---|---|
The notes form part of these financial statements
Page 5
COCKERHAM PARISH HALL
BALANCE SHEET 31 MARCH 2024
| 2024 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 5 5,093 CURRENT ASSETS Stocks 6 3,000 Debtors 7 500 Cash at bank and in hand 86,742 90,242 CREDITORS Amounts falling due within one year 8 (1,309) NET CURRENT ASSETS 88,933 TOTAL ASSETS LESS CURRENT LIABILITIES 94,026 NET ASSETS 94,026 FUNDS 9 Unrestricted funds 94,026 TOTAL FUNDS 94,026 |
2023 Total funds £ 2,536 2,590 - 70,311 72,901 (609) 72,292 74,828 74,828 74,828 74,828 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. 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 2024
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.
continued...
Page 7
COCKERHAM PARISH HALL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
2. INVESTMENT INCOME
| INVESTMENT INCOME | |||
|---|---|---|---|
| 2024 | 2023 | ||
| £ | £ | ||
| Interest receivable - trading | 40 | - |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOME AND ENDOWMENTS FROM | Unrestricted fund £ |
|---|---|
| Charitable activities | |
| Hall hire & bar | 33,141 |
| Recreation Scheme | 4,820 |
| 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 |
continued...
Page 8
COCKERHAM PARISH HALL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
5. TANGIBLE FIXED ASSETS
| 5. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| Plant and | and | |||
| machinery | fittings | Totals | ||
| £ | £ | £ | ||
| COST | ||||
| At 1 April 2023 | 580 | 2,404 | 2,984 | |
| Additions | 1,554 | 1,667 | 3,221 | |
| At 31 March 2024 | 2,134 | 4,071 | 6,205 | |
| DEPRECIATION | ||||
| At 1 April 2023 | 87 | 361 | 448 | |
| Charge for year | 191 | 473 | 664 | |
| At 31 March 2024 | 278 | 834 | 1,112 | |
| NET BOOK VALUE | ||||
| At 31 March 2024 | 1,856 | 3,237 | 5,093 | |
| At 31 March 2023 | 493 | 2,043 | 2,536 | |
| 6. | STOCKS | |||
| Stocks | 2024 £ 3,000 |
2023 £ 2,590 |
||
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Prepayments | 2024 £ 500 |
2023 £ - |
||
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| Other creditors | 2024 £ 1,309 |
2023 £ 609 |
||
| 9. | MOVEMENT IN FUNDS | |||
| Unrestricted funds | At 1/4/23 £ |
Net movement in funds £ |
At 31/3/24 £ |
|
| General fund | 74,828 | 19,198 | 94,026 | |
| TOTAL FUNDS | 74,828 | 19,198 | 94,026 | |
continued...
Page 9
COCKERHAM PARISH HALL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
9. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 79,257 | (60,059) | 19,198 |
| TOTAL FUNDS | 79,257 | (60,059) | 19,198 |
| Comparatives for movement in funds | |||
| Unrestricted funds | At 1/4/22 £ |
Net movement in funds £ |
At 31/3/23 £ |
| General fund | 92,942 | (18,114) | 74,828 |
| TOTAL FUNDS | 92,942 | (18,114) | 74,828 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Unrestricted funds | Incoming resources £ |
Resources expended £ |
Movement in funds £ |
| General fund | 37,961 | (56,075) | (18,114) |
| TOTAL FUNDS | 37,961 | (56,075) | (18,114) |
| A current year 12 months and prior year 12 months combined position is as follows: | |||
| Unrestricted funds | At 1/4/22 £ |
Net movement in funds £ |
At 31/3/24 £ |
| General fund | 92,942 | 1,084 | 94,026 |
| TOTAL FUNDS | 92,942 | 1,084 | 94,026 |
continued...
Page 10
COCKERHAM PARISH HALL
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024
9. MOVEMENT IN FUNDS - continued
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 | Movement | |
|---|---|---|---|---|
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 117,218 | (116,134) | 1,084 | |
| TOTAL FUNDS | 117,218 | (116,134) | 1,084 | |
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2024.
Page 11
COCKERHAM PARISH HALL
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | |||
|---|---|---|---|
| FOR THE YEAR ENDED 31 MARCH 2024 | |||
| 2024 | 2023 | ||
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Investment income | |||
| Interest receivable - trading | 40 | - | |
| Charitable activities | |||
| Hall hire | 11,662 | 8,381 | |
| Bar income | 62,515 | 24,760 | |
| Recreation Scheme income | 5,040 | 4,820 | |
| 79,217 | 37,961 | ||
| Total incoming resources | 79,257 | 37,961 | |
| EXPENDITURE | |||
| Charitable activities | |||
| Wages | 6,855 | 2,339 | |
| Rates and water | 1,839 | 2,023 | |
| Insurance | 2,260 | 2,181 | |
| Light and heat | 12 | 355 | |
| Refurbishment | - | 21,814 | |
| Repairs and maintenance | 1,755 | 3,001 | |
| Recreation Scheme expenditure | 2,255 | 2,091 | |
| Cleaning | 6,211 | 5,675 | |
| Subscriptions and licences | 810 | 180 | |
| Entertainers | 300 | 1,960 | |
| Computer costs | 509 | 1,266 | |
| Bar opening stock | 2,590 | - | |
| Bar supplies | 34,888 | 13,641 | |
| Bar closing stock | (3,000) | (2,590) | |
| Support costs | 57,284 | 53,936 | |
| Management | |||
| Sundries | 50 | 385 | |
| Finance | |||
| Bank and card charges | 1,266 | 526 | |
| Other | |||
| Plant and machinery | 191 | 87 | |
| Fixtures and fittings | 473 | 361 | |
| 664 | 448 |
This page does not form part of the statutory financial statements
Page 12
COCKERHAM PARISH HALL
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Other | ||
| Governance costs | ||
| Accountancy and legal fees | 795 | 780 |
| Total resources expended | 60,059 | 56,075 |
| Net income/(expenditure) | 19,198 | (18,114) |
This page does not form part of the statutory financial statements
Page 13