- North Kyme Village Hall Annual Report for 2024
The Committee sincerely thanks Michelle Davies for her dedicated service as Chair until August 2024. Her efforts, alongside Tony’s, were instrumental in implementing new systems, including our website, booking systems, management of the bar and licence, and updating procedures.
We also extend our heartfelt thanks to Glen Everard for her years of dedication to making the Village Hall a success and for her continued support of the financial administration.
In 2024, the Village Hall continued to prioritise maintenance and facility improvements. With the hall over ten years old, the Committee has worked diligently to maintain a financial surplus, allowing us to plan for redecoration and upgrades. Security has been enhanced by installing a CCTV System, with a new hard drive and higher-quality cameras, improving safety, particularly in the play park.
To enhance the hall's efficient management, the Committee appointed a paid bookings manager, streamlining operations and improving the experience for all users.
The Village Hall remains a hub for community activities. Over the past year, we have hosted various events, including a summer fair, coffee mornings under the 'Teapot Times' initiative, and a term-time Parents & Tots group. Other successful events included an Equinox Fayre, four bingo evenings, a Strawberry Tea, and craft fairs.
In addition to these special events, we continue to offer a wide range of regular activities, including NHS health programmes, fitness classes, dog training, taekwondo, yoga, baby classes, sewing groups, and craft workshops.
The Village Hall has also actively supported the wider community. We donated to the Parish Council to assist with the proposed purchase of a Speed Indicator Device. Furthermore, financial contributions supported the Lincs and Notts Air Ambulance and the Royal British Legion.
Financially, the hall remains in a strong and stable position. Hall hire income remained steady at £16,136, supported by revenue from bar sales (£5,730) and various events. While an overall deficit was recorded in 2023 due to necessary refurbishments, 2024 marked a return to financial stability, with a reported operating profit of £9,075.
The Committee remains committed to the village hall's continued success and sustainability, ensuring it remains a welcoming and vibrant space for the entire community.
Signed on behalf of the Committee by:
Darren Taylor Chair
North Kyme Village Hall 2024 Financial Year End
North Kyme Village Hall For the year ended 31 December 2024
Profit and Loss
North Kyme Village Hall For the year ended 31 December 2024
| Profit and Loss North Kyme Village Hall For the year ended 31 December 2024 |
|
|---|---|
| 2024 | |
| Turnover | |
| Adult Birthday Party | 625 |
| Bar Sales | 5,730 |
| Bingo | 704 |
| Children's Birthday Party | 2,104 |
| Craft Fair | 402 |
| Donations | 10 |
| Equinox Fayre | 605 |
| Fund Raising | 93 |
| Funeral Wake | 21 |
| Hall Hire | 16,136 |
| Interest Income | 508 |
| Other Revenue | 30 |
| Strawberry Tea | 212 |
| Summer Fair | 604 |
| Teapot Times - Coffee Morning/Afternoon | 102 |
| Wedding | 633 |
| Wrinkly Rockers | 630 |
| Total Turnover | 29,146 |
| Cost of Sales | |
| Bar Staff | 1,072 |
| Caretaking and Bookings | 928 |
| Cost of Bar Stock | 2,422 |
| Cost of Events | 857 |
| Food | 256 |
| Prizes | 236 |
| Total Cost of Sales | 5,772 |
| Gross Profit | 23,375 |
| Administrative Costs | |
| Audit & Accountancy fees | 50 |
| Bad Debt Written Off | 52 |
| Bank Fees | 89 |
| Bar Equipment | 118 |
| Charitable Donations | 200 |
| Cleaning | 1,583 |
| Cleaning Supplies | 463 |
| Computer Equipment | 87 |
| Electricity | 3,487 |
| General Expenses | 145 |
| Heating Oil | 688 |
North Kyme Village Hall 2024 Financial Year End
North Kyme Village Hall
Profit and Loss
| 2024 | |
|---|---|
| Insurance | 414 |
| IT Software and Consumables | 488 |
| Licensing | 180 |
| Mobile Phone | 42 |
| Parish Council Contribution | 2,000 |
| Printing & Stationery | 401 |
| Rates | 108 |
| Repairs & Maintenance | 2,142 |
| Subscriptions | 35 |
| SumUp Fees | 76 |
| Telephone & Internet | 400 |
| Travel - National | 45 |
| Village Hall Equipment | 699 |
| Water | 307 |
| Total Administrative Costs | 14,300 |
| Operating Profit | 9,075 |
| Profit on Ordinary Activities Before Taxation | 9,075 |
| Profit after Taxation | 9,075 |
North Kyme Village Hall 2024 Financial Year End
North Kyme Village Hall
Balance Sheet
North Kyme Village Hall As at 31 December 2024
31 DEC 2024
Current Assets
| Cash at bank and in hand | |
|---|---|
| Bar Float 120 |
|
| Community Savings Account 40,698 |
|
| Equals Card - E Colclough 141 |
|
| Equals Card - G Everard 84 |
|
| Equals Card - M Jolly 50 |
|
| Equals Money - Main Account 610 |
|
| Petty Cash 70 |
|
| Treasurers Account 7,260 |
|
| Total Cash at bank and in hand 49,033 |
|
| Accounts Receivable 1,174 |
|
| Bar Stock 1,033 |
|
| Prepayments (2) |
|
| Total Current Assets 51,239 Creditors: amounts falling due withinone year |
|
| Accounts Payable 31 |
|
| Deferred Income 10,323 |
|
| Expenses Claim to be Paid 59 |
|
| Total Creditors: amounts falling due within one year 10,414 |
|
| Net Current Assets (Liabilities) 40,825 |
|
| Total Assets less Current Liabilities 40,825 |
|
| Net Assets 40,825 Capital and Reserves |
|
| Current Year Earnings 9,075 |
|
| Retained Earnings 31,750 |
|
| Total Capital and Reserves 40,825 |
North Kyme Village Hall 2024 Financial Year End
North Kyme Village Hall
VE Accounting Services Limited Chartered Accountants
Independent Examiner's Report to the Trustees of North Kyme Village Hall
I report on the accounts for the year ended 31[st] December 2024.
Respective responsibilities of trustees and independent examiner
The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
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examine the accounts under section 145 of the Charities Act,
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follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
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state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
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Which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Given Chanetsa-Mazarura , FCA
(Institute of Chartered Accountant in England and Wales, Membership Number: 2649792) For and on behalf of
VE Accounting Services Limited - Chartered Accountants
125 Temple Hill, Dartford, DA1 5TU
Date: 7[th] February 2025
Registered Office Address: 125 Temple Hill, Dartford, DA1 5TU
Website: www.veaccounting.co.uk
Directors: Given Chanetsa-Mazarura, FCA, CFA Brice Musendo, FCA, MBA