REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
NEW INN COMMUNITY HALL |
REGISTERED COMPANY NUMBER: |
REGISTERED CHARITY NUMBER: |
Report of the Trustees and |
Unaudited Financial Statements |
for the Year Ended 31 December 2023 |
for |
NEW INN COMMUNITY HALL |
NEW INN COMMUNITY HALL |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Report of the Trustees | 1 | to | 2 |
Independent Examiner's Report | 3 |
Statement of Financial Activities | 4 |
Balance Sheet | 5 |
Cash Flow Statement | 6 |
Notes to the Cash Flow Statement | 7 |
Notes to the Financial Statements | 8 | to | 10 |
NEW INN COMMUNITY HALL (REGISTERED NUMBER: 07842306) |
Report of the Trustees |
for the Year Ended 31 December 2023 |
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 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 objectives of the charitable company are the provision and maintenance of a village hall for the use of inhabitants of the ward of New Inn and surrounding areas. |
Public benefit |
The charity provides a public benefit through the provision of a village hall for use of the inhabitants of the ward of New Inn and surrounding areas without the distinction of sex, orientation, race or of political, religious or other opinions, including use for meetings, lectures and classes, and for other forms of recreation and leisure-time occupation, with the object of improving the conditions of life for the said inhabitants. |
Achievements and performance |
During the year the charitable company made a surplus of £760 (2022: surplus £3,568) and at the year end had unrestricted funds of £19,644 (2022: £18,884). |
FINANCIAL REVIEW |
Investment policy and objectives |
The Trustees have the power to invest in such assets as they see fit, monies not immediately required for the furtherance of its objects. |
Reserves policy |
The reserves of the charitable company at the year end were £19,644 This represents over one years running expenses, which the trustees consider to be acceptable |
FUTURE PLANS |
The Trustees hope to continue to provide the use of the Village Hall to the inhabitants of New Inn and the surrounding areas. |
STRUCTURE, GOVERNANCE AND MANAGEMENT |
Governing document |
The organisation is a charitable company limited by guarantee, incorporated on 10 November 2011 and registered as a charity on 11 January 2012. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up, members are required to contribute an amount not exceeding £10 to any shortfall. |
REFERENCE AND ADMINISTRATIVE DETAILS |
Registered Company number |
Registered Charity number |
Registered office |
Trustees |
NEW INN COMMUNITY HALL (REGISTERED NUMBER: 07842306) |
Report of the Trustees |
for the Year Ended 31 December 2023 |
REFERENCE AND ADMINISTRATIVE DETAILS |
Independent Examiner |
O'Brien & Partners |
Accountants & Business Advisors |
11 New Street |
Pontnewydd |
Cwmbran |
NP44 1EE |
Approved by order of the board of trustees on |
Independent Examiner's Report to the Trustees of |
New Inn Community Hall |
Independent examiner's report to the trustees of New Inn Community Hall ('the Company') |
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2023. |
Responsibilities and basis of report |
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). |
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. |
Independent examiner's statement |
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: |
1. | accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or |
2. | the accounts do not accord with those records; or |
3. | the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act 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; or |
4. | the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). |
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. |
Gareth Francis |
O'Brien & Partners |
Accountants & Business Advisors |
11 New Street |
Pontnewydd |
Cwmbran |
NP44 1EE |
15 May 2024 |
NEW INN COMMUNITY HALL |
Statement of Financial Activities |
for the Year Ended 31 December 2023 |
31.12.23 | 31.12.22 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 18,884 |
NEW INN COMMUNITY HALL (REGISTERED NUMBER: 07842306) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
Unrestricted | Total |
fund | funds |
Notes | £ | £ |
CURRENT ASSETS |
Cash at bank and in hand |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
NET ASSETS |
FUNDS | 5 |
Unrestricted funds | 18,884 |
TOTAL FUNDS | 18,884 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023. |
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006. |
The trustees acknowledge their responsibilities for |
(a) | ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. |
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime. |
The financial statements were approved by the Board of Trustees and authorised for issue on |
NEW INN COMMUNITY HALL |
Cash Flow Statement |
for the Year Ended 31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 | 760 | 3,568 |
Net cash provided by operating activities | 760 | 3,568 |
Change in cash and cash equivalents in the reporting period |
760 |
3,568 |
Cash and cash equivalents at the beginning of the reporting period |
18,884 |
15,316 |
Cash and cash equivalents at the end of the reporting period |
19,644 |
18,884 |
NEW INN COMMUNITY HALL |
Notes to the Cash Flow Statement |
for the Year Ended 31 December 2023 |
1. | RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES |
31.12.23 | 31.12.22 |
£ | £ |
Net income for the reporting period (as per the Statement of Financial Activities) |
760 |
3,568 |
Adjustments for: |
Net cash provided by operations | 760 | 3,568 |
2. | ANALYSIS OF CHANGES IN NET FUNDS |
At 1.1.23 | Cash flow | At 31.12.23 |
£ | £ | £ |
Net cash |
Cash at bank and in hand | 18,884 | 760 | 19,644 |
18,884 | 760 | 19,644 |
Total | 18,884 | 760 | 19,644 |
NEW INN COMMUNITY HALL |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention. |
Income |
Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably. |
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. |
Income from grants is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably. Grants received for specific purposes are treated as restricted funds. |
Expenditure |
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings: |
• Expenditure on charitable activities includes the costs of running the ministry, mission work, establishment costs and governance costs. |
• Other expenditure represents those items not falling into any other heading. |
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. |
Taxation |
The charity is exempt from corporation tax on its charitable activities. |
Fund accounting |
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objects of the Association and which have not been designated for other purposes. |
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. |
2. | NET INCOME/(EXPENDITURE) |
Net income/(expenditure) is stated after charging/(crediting): |
31.12.23 | 31.12.22 |
£ | £ |
Other operating leases | 660 | 660 |
NEW INN COMMUNITY HALL |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
3. | TRUSTEES' REMUNERATION AND BENEFITS |
There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022. |
Trustees' expenses |
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. |
4. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
Unrestricted |
fund |
£ |
INCOME AND ENDOWMENTS FROM |
Donations and legacies |
Charitable activities |
Total |
EXPENDITURE ON |
Charitable activities |
NET INCOME |
RECONCILIATION OF FUNDS |
Total funds brought forward |
TOTAL FUNDS CARRIED FORWARD | 18,884 |
5. | MOVEMENT IN FUNDS |
Net |
movement | At |
At 1.1.23 | in funds | 31.12.23 |
£ | £ | £ |
Unrestricted funds |
General fund | 18,884 | 760 | 19,644 |
TOTAL FUNDS | 760 | 19,644 |
Net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 10,833 | (10,073 | ) | 760 |
TOTAL FUNDS | ( |
) | 760 |
NEW INN COMMUNITY HALL |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
5. | MOVEMENT IN FUNDS - continued |
Comparatives for movement in funds |
Net |
movement | At |
At 1.1.22 | in funds | 31.12.22 |
£ | £ | £ |
Unrestricted funds |
General fund | 15,316 | 3,568 | 18,884 |
TOTAL FUNDS | 15,316 | 3,568 | 18,884 |
Comparative net movement in funds, included in the above are as follows: |
Incoming | Resources | Movement |
resources | expended | in funds |
£ | £ | £ |
Unrestricted funds |
General fund | 11,601 | (8,033 | ) | 3,568 |
TOTAL FUNDS | 11,601 | (8,033 | ) | 3,568 |
6. | RELATED PARTY DISCLOSURES |