LUDLOW WOMEN'S AND COMMUNITY CENTRE CHAIR REPORT FOR 2023/24 Charity No. 1156652
As our finances continue to increase with further bookings, we are able to spend on improvement and maintenance of the building.
We continue to have problems with the new doors even though the installers have been out numerous times and been given further coats of paint but this is in hand. The windows have also been given a new coat of paint as the weather had not been kind.
The new timer on the heating system seems to be working well, it is a little early to say how much difference it has made to the bills. We are currently in discussion with the water suppliers in an attempt to have a smart meter fitted.
Some of the regular hirers have decided we are not for them, main reason being car parking and storage, but others are coming and booking, and we do have our regular reliable people.
The Committee continues to work hard throughout the year and I would like to thank them all for their input – we will always have room for more volunteers!
We look forward to further progression and production in the coming year.
Kath Webb Chair LW&CC
Ludlow Womens and Community Centre Financial Activities
1 June 2023 - 31 May 2024
Income
| Income | ||
|---|---|---|
| Donation Room/ Hall Hire: Bingo Hall Hire, regular Mind Body Spirit One off Room/Hall Hire Table Top Sales Total Income Expenditures Book-keeping Cleaning Fire Protection Insurance Repair and maintenance Utilities Gas and Electricity Utilities Water WiFi Total Expenditures PROFIT/ LOSS |
48 2,832 12,231 484 252 330 16,176 1,248 2,292 221 1,168 10,150 3,270 398 185 18,932 - 2,756 |
|
| FIXED ASSETS ~~Freehold Land & Building~~ |
||
Valuation |
450,000 |
| NET CURRENT ASSETS ~~Amount held in bank account as~~ |
NET CURRENT ASSETS ~~Amount held in bank account as~~ |
|
|---|---|---|
at 31st May2023 statement |
10,870 | |
| TOTAL ASSETS at 1 June 2023 | 460,870 | |
| FINANCED BY: ~~Freehold Land & Building~~ |
||
Valuation |
450,000 | |
| ADD Balance b/f 1st June 2023 | 10,870 | |
| ADD Income 2023/24 | 16,176 | |
| LESS Expenses 2023/24 | 18,932 | |
| Balance c/f 31 May2024 | 8,114 | |
| TOTAL ASSETS at 31 May 20 | 24 | 458,114 |
Ludlow Womens Centre CIO Statement of Affairs Income and Expenditure Account for the Year ended 31st May, 2024
| EXPENDITURE | INCOME | ASSETS | |||||
|---|---|---|---|---|---|---|---|
| Hire of Rooms | £12,483 | ||||||
| Bingo | £2,832 | ||||||
| Mind BodySpirit | £484 | ||||||
| Table TopSales | £330 | ||||||
| Donations | £48 | ||||||
| Insurance | £1,168 | ||||||
| HeatingLighting | £3,270 | ||||||
| Repairs & Renewals | £10,150 | ||||||
| Water Cleaning & Window |
£398 | ||||||
cleaning |
£2,292 | ||||||
| Fire Protection Service | £0 | ||||||
| Book-keeping | £1,248 | ||||||
| Expenses other(wifi & firepr | £406 | ||||||
| £18,932 £16,176 Profit/Loss -£2,756 FIXED ASSETS £450,000 NET CURRENT ASSETS £7,016 TOTAL ASSETS £457,016 FINANCED BY: £450,000 Freehold Land & Building Valuation account as at 31st May 2022 statement Freehold Land & Building Valuation |
|||||||
| Asset Comparison 2022/23 vs 2021/22 and 2020/21 | |||||||
| FINANCED BY: Freehold Land & Building |
~~Freehold Land &~~ | 2020/21 | 2021/22 | 2022/23 | |||
Valuation |
£450,000 | BuildingValuation |
£125,000 | £125,000 | £450,000 |
| £7,016 ADD Balance b/f 1st June 2022 |
£7,016 ADD Balance b/f 1st June 2022 |
£7,016 ADD Balance b/f 1st June 2022 |
|---|---|---|
| ADD Income 2022/23 | £16,176 | |
| LESS Expenses 2022/23 | £18,932 | |
| £4,260 | ||
| £454,260 |
ADD Balance b/f
| ADD Bl b/f | |||
|---|---|---|---|
| aance 1st June |
£9,657 | £4,399 | £7,016 |
| ADD Income | £1,211 | £8,545 | £16,176 |
| LESS Expenses | £6,469 | £5,927 | £18,932 |
| ~~Balance at end of~~ | |||
financialyear |
£4,399 | £7,016 | £4,260 |