## 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:
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.
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
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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
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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.
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