Glooston Village Hall – Report on activities 23/24
GVH has had a successful year with turnover achieving more than £25k for the first time. About 64% of total income came from bar sales where we achieved an average overall mark up (stock adjusted) of over 90%, which is very impressive when considering the objective of providing competitive pricing for villagers now that the local pub has closed down.
Hall hirings have dropped from the previous year as the local market recovers form covid related closures and more venues came back on stream. The GVH committee continues to support the view that we should not actively market hall hirings due to the additional work involved for volunteers particularly as the bar continues ot provide enough income to cover all costs and renewals.
The main fundraising event during the year was the music festival where favourable weather ensured a good turnout and excellent bar takings.
Th grant received from the Market Harborough Building Society enabled us to renew the Electrical Control Board and replace all lighting with LED bulbs – thus allowing us to offset the severe increase in the cost of power to the hall. We were also able to replace the hall doors with more efficiently fitting ones.
This year we have also been able to update the hall website to a Content Management System which will save in th long run as we cam effect website changes ourselves rather than look to external technical input.
The hall continues to maintain a healthy bank balance as it continues with the policy of spending profits in order to renew and improve facilities whilst maintaining funds as a contingency.
Glooston, Stonton & Cranoe Village Hall 23/24
Income & Expenditure Account
| Income | 2023/24 | 2022/23 |
|---|---|---|
| Bar sales | 17577.22 | 15953.74 |
| Hire of hall | 2743.00 | 3545.50 |
| Event tickets | 2145.00 | 2222.33 |
| HDC lottery | 317.00 | 76.00 |
| Donations rec’d | 110.00 | 171.50 |
| Deposit interest | 79.64 | 23.53 |
| Other income | 100.00 | |
| Grant | 4225.52 | 2306.00 |
| Total income | 27197.38 | 24398.60 |
| Expenditure | ||
|---|---|---|
| Bar stock | 9022.79 | 8933.98 |
| Entertainment | 1080.00 | 1000.00 |
| Event stationery | 318.50 | |
| Event costs | 346.00 | 473.11 |
| Runningcosts | 647.61 | 265.38 |
| Food | 407.23 | 231.48 |
| Cleaning | 219.35 | 360.00 |
| Electricity | 2639.72 | 1353.73 |
| Water | 318.52 | 192.86 |
| Insurance | 576.03 | 778.23 |
| IT | 1147.84 | 758.23 |
| Bank charges | 60.80 | 75.70 |
| Card acquiring | 489.97 | 429.59 |
| Capital items | 8731.39 | 5169.85 |
| Repairs to building | 380.23 | 3493.72 |
| Repairs equipmnt | 403.84 | 78.41 |
| Garden maintain | 267.58 | 264.00 |
| Defb maintain | 160.37 | 204.00 |
| Donations made | 655.00 | 20.00 |
| Total expenditure | 27554.27 | 24400.77 |
Balance Sheet (31 March 2024)
| Current assets | £ | Current liabilities | £ | Net current assets |
|
|---|---|---|---|---|---|
| Cash in hand | 201.75 | Deposit held | 50.00 | ||
| Cash at bank | 3810.01 | ||||
| Stock | 801.00 | ||||
| Total | 4812.76 | Total | 50.00 | 4762.76 |
Independent examiner’s report
To the trustees of Glooston Village Hall (Glooston, Stonton & Cranoe Village Hall)
I report to the trustees on my examination of the accounts of the Glooston Village 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 2011 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 Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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.
Signed:
Brian Kearvell-White FCA
4 Bluebell Lane, Glooston. LE167SQ
12 April 2024