Tipton St John Community Hall
Treasurer’s Report for year ended 31[st] March 2024
Now that the Covid pandemic with its attendant restrictions has largely receded into recent history, the activities in the hall have settled back into a new but busier pattern. The increase in charges last April has led to increased rental income from both regular and one-off bookings. Also, the trustees have organized a wider range of events from a children’s animal experience to film and musical evenings for an older audience. These have not all generated profits but have reflected the desire to run events for people of all ages in the village.
The overall financial result for the year was a deficit of £14,861.87: the regular activities of the hall generated a surplus of £4.5k - but the main reason for this deficit was £19.3k expenditure on the renewal of the hall floor. Needless to say the floor will not need to be replaced for many years but regular repair and maintenance will be necessary to keep the building in good order. The hall is still benefiting from the decision in 2020 to fix our prices for gas and electricity for five years but this will come to an end next year.
Again, the finances of the hall have continued to be in a sound position - the hall floor replacement was carried out last summer and cost comfortably less than the designated sum set aside for the project. This year, we were able to put some of the funds on fixed-term deposit to take advantage of the higher interest rates available. The hall bank balances are not restricted funds and are to be used at the discretion of the Trustees.
We would like to again record our thanks to Mr Allen Marks for taking the time to examine these accounts.
| TIPTON ST J OHN COMMUNITY HALL TRUST INCOME & EXPENDITURE STATEMENT FOR Y/E 31 MARCH 2024 |
TIPTON ST J OHN COMMUNITY HALL TRUST INCOME & EXPENDITURE STATEMENT FOR Y/E 31 MARCH 2024 |
TIPTON ST J OHN COMMUNITY HALL TRUST INCOME & EXPENDITURE STATEMENT FOR Y/E 31 MARCH 2024 |
TIPTON ST J OHN COMMUNITY HALL TRUST INCOME & EXPENDITURE STATEMENT FOR Y/E 31 MARCH 2024 |
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|---|---|---|---|---|---|
| EXPENDITURE | INCOME | ||||
| 2022/23 | 2023/24 | 2022/23 | 2023/24 | ||
| £5,190.00 | Wages | £5,680.00 | £17,859.35 | Rentals - regular users | £18,770.77 |
| £1,139.90 | Electricity | £1,187.70 | £1,869.00 | Rentals - other users | £2,109.10 |
| £1,294.89 | Gas | £1,429.57 | £140.00 | Table tennis | £270.00 |
| £386.83 | Water | £668.61 | |||
| £221.92 | Cleaningsupplies | £301.15 | **£19,868.35 ** | Routine Income | £21,149.87 |
| £4,281.30 | Repairs/maintenance | £7,424.26 | |||
| £50.00 | Subscriptions | £50.00 | |||
| £2,825.46 | Insurancepremium | £2,622.28 | |||
| £386.68 | PRS Music Licence | £260.56 | |||
| £33.50 | Post/stationery/copying | £182.91 | |||
| £315.62 | Internet & line | £480.42 | |||
| £16,126.10 | Routine Expenditure | £20,287.46 | |||
| Miscellaneous | Miscellaneous | ||||
| £815.00 | Fund raisingevents | £2,700.65 | £2,599.25 | Fund raisingevents | £4,341.85 |
| £2,700.00 | Insurance valuation fee | £102.25 | Wayleave | £46.48 | |
| £56.00 | Bookingrefund : EDDC | £225.00 | £50.00 | Otter run donation PFA | £50.00 |
| £8,284.17 | Hall foor timber : balance | £19,329.75 | £0.00 | Sundry: EDDC fee error etc | £269.94 |
| £139.78 | Sundry | £42.30 | |||
| £11,994.95 | Miscellaneous Expenditure | £22,297.70 | **£2,751.50 ** | Miscellaneous Income | £4,708.27 |
| £28,121.05 | Total operating expenses | £42,585.16 | **£22,619.85 ** | Total operating income | £25,858.14 |
| £1,791.80 | Depreciation | £1,343.85 | £1,808.55 | Donations : Envelopes/Bank | £1,653.74 |
| £120.00 | Other donations | £120.00 | |||
| £58.75 | HMRCGiftAid gf aid |
£413.94 | |||
| £229.22 | Bank interest | £1,000.38 | |||
| £12.53 | Amazon | £20.94 | |||
| £29,912.85 | Total expenditure | £43,929.01 | £24,848.90 | Total Income | £29,067.14 |
| Capital expenditure | |||||
| £8,316.00 | Containers & bases | ||||
| -£5,664.00 | Less TIPPS contribution | ||||
| -£7,715.95 | Defcit to Capital Account | -£14,861.87 | |||
| £24,848.90 | Total expenditure | £29,067.14 | £24,848.90 | Total income | £29,067.14 |
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