## **Melbury Abbas & Cann Village Hall** Charity number: 1173145 ## 2024 Financial Report for the Year ended 31 July 2024 Prepared on 30 September 2024 Melbury Abbas Cann Village Hall 2024 Financial Report _Charity No: 1173145_ ## **Income & Expenditure** |**INCOME**
Hall Hire
Bar Sales & Events
Grazing Rent
Bank Interest
**Total Income**
**COST OF SALES**
Bar Stock
Zettle Fees
**Total Cost of Sales**
**GROSS PROFIT**
Gross Profit Margin %
**EXPENSES**
Electricity
Oil
Water
Cleaning
Repairs & Maintenance
Grounds Maintenance
Waste/Recycling
Insurance
Licences
Fireworks
Internet
Misc Expenses
**Total Expenses**
**DEFICIT FOR THE YEAR**|Current year to
31 July 2024
2,905
6,356
360
38
**9,659**
3,023
45
**3,068**
**6,591**
68%
1,224
1,414
108
2,190
1,251
168
259
880
131
250
14
19
**7,909**
**(1,318)**|Last year to
31 July 2023
1,650
9,086
30| |---|---|---| |||**10,766**| |||5,137
57| |||**5,194**| |||| |||**5,572**| |||52%
1,550
600
84
1,604
919
200
292
869
209
300
12
-| |||**6,639**| |||| |||**(1,067)**| 1 Melbury Abbas Cann Village Hall 2024 Financial Report _Charity No: 1173145_ ## **Balance Sheet** |**ASSETS**
Current Account
Savings Account
Fixed Term Savings Account
Cash
Bar Stock
Oil in Tank
**Total Assets**
**LIABILITIES**
Money held for Youth Club
**Total Liabilities**
**TOTAL ASSETS & LIABILITIES**
**CHARITY FUNDS**
Accumulated funds
Deficit for the year
**TOTAL FUNDS**|31 July 2024
2,063
3,013
12,500
433
1,603
400
**20,013**
(610)
**(610)**
**19,403**
20,721
(1,318)
**19,403**|31 July 2023
11,395
6,896
-
2,340
300
400| |---|---|---| |||**21,331**| |||(610)| |||**(610)**| |||| |||**20,721**| |||21,788
(1,067)| |||**20,721**| 2 Melbury Abbas Cann Village Hall 2024 Financial Report _Charity No: 1173145_ ## **Notes to the Accounts** ## **Trustee changes during the year** The appointment of a new and enlarged management committee during the course of the year has been a significant change to the administration and management of the hall, and is a significant step in ensuring a bright future for the hall. The following Trustee appointments and retirements happened during the year: ## **New Committee** Mark Archer Hannah Jefferson - Secretary Liam Jefferson Ben Johnson Hannah Kay James Richards - Treasurer Jane Shepherd Jo Stoate Laura Trepess ## **Retiring Trustees** Nic Griffin Ian Merefield ## **Income** Income levels are slightly down on last year. Hall hire income has increased significantly, with more regular bookings and bolstered by two elections. Bar income is down considerably on last year, although the change in the management of the bar appears to have been very successful so far. 25% of the bar earnings for the year have come in the final 2 months, June & July, when the new bar team launched more regular village social events which have been well attended. Because there has been a shift towards a greater proportion of hall hire income the gross profit has actually risen on last year, despite lower income levels. ## **Expenses** On the whole expenses have been similar to last year. Nevertheless, a sharp increase in the price of oil since the tank was last filled in 2022, has meant this has been much more expensive this year. Cleaning costs have also risen sharply, but this is partly due to the hall being used more. A number of small improvements to the hall following the appointment of the new management committee has meant that the repairs and renewals expenses have risen too. Despite a small deficit for the year the hall remains liquid with a relatively strong cash position. Accounts prepared by: James Richards 3