Pinchbeck Village Hall
REPORT AND ACCOUNTS
for the year ended
31 December 2023
Registered Charity Number 521802
Independent Examiner's Report to the Trustees of Pinchbeck Village Hall
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2023 which are set out on pages 2 to 5.
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:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records.
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.
Alistair Main FCA Duncan & Toplis Limited Enterprise Way Pinchbeck Spalding Lincolnshire PE11 3YR
Date:
1
Pinchbeck Village Hall ACCOUNTING POLICIES Year ended 31 December 2023
1. ACCOUNTING POLICIES
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity receives the income.
-
Donations - income by way of donations is included in full in the Statement of Financial Activities in the year in which they are receivable.
-
Investment income - investment income, being bank account interest, is included when receivable by the charity.
Resources expended
Expenditure is accounted for on a payments 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.
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
Taxation
The charity is exempt from tax on its charitable activities.
Restricted funds
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.
2 TRUSTEES’ REMUNERATION AND BENEFITS
There were £600 of trustees’ honorarium for the year ended 31 December 2023 (2022 £640).
During the year, an amount of £3,013 (2022 £2,883) was disbursed for services provided by a trustee not related to their position as trustee.
Trustees’ expenses
Trustees received £nil (2022 £nil) during the year as reimbursed expenses.
3 STAFF COSTS
There were no staff costs for the year ended 31 December 2023 or for the year ended 31 December 2022.
4 RELATED PARTY TRANSACTIONS
During the year, an amount of £1,011 (2022 £1,082) was disbursed for services provided by a related party.
5 ACCOUNTING CONVENTION
The trustees had previously recognised items being used over a number of years as fixed assets; these remain on the balance sheet as at 31 December 2023 but depreciation is no longer being
2
charged. Fixed assets are now recognised at their net book value as at 1 January 2015, with this becoming deemed cost.
Pinchbeck Village Hall
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
for the year ended 31 December 2023
| INCOMING RESOURCES Income from actvites for generatng funds: Rent received and receivable Fundraising Hall letngs Voluntary income: Donatons Grants Investment income: Interest received - Reserve account - Natonal Savings account TOTAL INCOMING RESOURCES RESOURCES EXPENDED Costs of generatng voluntary income Fundraising costs Charitable actvites: Water rates Insurances Lightng and heatng Cleaning and commission Refuse collecton Repairs and renewals Sundry expenses Honorarium Printng, statonery and advertsing Donatons Telephone & Wi-Fi Licences Governance costs: Accountancy TOTAL RESOURCES EXPENDED NET INCOMING/(OUTGOING) RESOURCES TOTAL FUNDS BROUGHT FORWARD TOTAL FUNDS CARRIED FORWARD |
Unrestricted Funds 2023 3,600 4,514 16,778 24,892 - - 24,892 193 - - 25,085 - - 1,045 1,315 3,053 4,100 1,984 10,652 855 600 27 341 392 207 24,571 300 300 (24,871) 214 65,066 65,280 |
Restricted Funds 2023 - 376 - 376 141 - 517 - - - 517 - - - - - - - - - - - 800 - - 800 - - (800) (283) 21,641 21,358 |
Total 2023 3,600 4,890 16,778 25,268 141 - 25,409 193 - - 25,602 - - 1,045 1,315 3,053 4,100 1,984 10,652 855 600 27 1,141 392 207 25,371 300 300 (25,671) (69) 86,707 86,638 |
Total 2022 3,436 3,036 14,333 |
|---|---|---|---|---|
| 20,805 4,403 - |
||||
| 25,208 6 - |
||||
| - 25,214 |
||||
| - | ||||
| - 1,777 1,177 1,738 4,163 1,800 2,295 841 640 87 400 372 265 |
||||
| 15,555 264 |
||||
| 264 (15,819) 9,395 |
||||
| 77,312 | ||||
| 86,707 |
3
The Committee of Management of the Pinchbeck Village Hall STATEMENT OF ASSETS AND LIABILITIES at 31 December 2023
| Note s EMPLOYMENT OF FUNDS FIXED ASSETS Freehold land, buildings, furniture & ftngs 1 CURRENT ASSETS Bank balances - Current account - Reserve account - Cash in hand SOURCE OF FUNDS Balance at 1 January 2023 Net incoming resources for the year At 31 December 2023 |
Unrestricte d Funds 2023 44,068 16,011 5,201 - 21,212 65,280 65,066 214 65,280 |
Restricte d Funds 2023 17,838 - 3,520 - 3,520 21,358 21,641 (283) 21,358 |
2023 £ 61,906 16,011 8,721 - 24,732 86,638 86,707 (69) 86,638 |
2022 £ 61,906 |
|---|---|---|---|---|
| 11,649 12,235 917 |
||||
| 15,406 86,607 |
||||
| 77,312 9,395 |
||||
| 86,707 |
These accounts were approved by the Committee of Management on 2024.
Christopher Rex Schofield, Chairman
Nicola McMurray, Secretary
Barbara Smith, Treasurer
4
The Committee of Management of the Pinchbeck Village Hall NOTES ON ACCOUNTS for the year ended 31 December 2023
| 1 FIXED ASSETS Valuaton/Cost 31 December 2022 Additons 31 December 2023 Accumulated depreciaton 31 December 2022 Charge for the year 31 December 2023 Net book value 31 December 2023 31 December 2022 |
Freehold land £ 3,000 - 3,000 - - - 3,000 3,000 |
Buildings £ 119,699 - 119,699 64,925 - 64,925 54,774 54,774 |
Furniture and ftngs £ 20,238 - 20,238 16,106 - 16,106 4,132 4,132 |
Total £ 142,937 - |
|---|---|---|---|---|
| 142,937 | ||||
| 81,031 - |
||||
| 81,031 | ||||
| 61,906 | ||||
| 61,906 |
NOTES
-
(a) The building has been erected on both freehold land and land held on a long lease.
-
(b) The freehold land and furniture and fittings are stated at valuation as at 31 December 1976 plus subsequent additions at cost.
-
(c) The valuations were made by the committee.
5