Finance Report for 2021 to be read in conjunction with the Accounts for the Year ended 31 December 2021 which have been prepared by the Treasurer and Independently Examined by Andrew Laisby, Retired Financial Planner. A comparison with the previous year’s expenditure has been included.
This has been our first year operating as The Community Hall at Grizebeck CIO, Charity Number: 1178759. Comparisons are made with 2020 when we were operating as Grizeck Village Hall Committee, Charity Number 226393.
Once again it has been a most unusual year!
Very little activity was able to take place during the first 4 months of the year, although a Personal Fitness trainer used the carpark on a regular basis. But nothing took place within the hall until May when limited activities started up again. Unfortunately, Little Acorns have moved to the Community Hall at Kirkby so we no longer have their regular income. But other bookings increased as the year progressed. Sellafield also continues to pay for the use of the car park for up to 10 cars during the week! Income from events was marginally lower than during 2020 whilst hire of hall income was marginally up on 2020.
With so little income coming in, but with hall running costs still to pay, even though slightly reduced, this year’s income could have been very different if not for grants totalling £16,335 from South Lakeland District Council - £3,000 more than last year! The Kirkby Ireleth CGP Trust Fund has also very kindly donated £300 and the Parish Council £100 towards the hall’s running costs in 2021. Further grants were received from CGP Trust Fund towards new defibrillator pads and the Christmas party (this did not go ahead) and £1,500 towards boarding the loft areas. Cleaning costs were higher than they would normally be as the cleaner ‘Fogged’ the hall each week to guard against Covid.
The total income for the year was £28,376 – up on last year as we received more in the way of grants. Our grateful thanks to the CGP Trust Fund and SLDC.
Our balance carried forward from 2020 includes grants from the CGP Trust Fund of £1,578 (granted in 2019) towards new external pillars and outstanding work to re-varnish the veranda once the pillars have been replaced. Hopefully this work will be able to be carried out in 2022!
Although expenditure was down marginally on 2020, it was not significantly so as we have continued to need to keep the building insured and maintained. The miscellaneous included refunds on bookings which did not take place or returned deposits, our 5 yearly electrical check and annual checks, Highlights membership, and a payment for the wreathmaking workshop as we had collected the payments
Our loan has now been paid off so we no longer have loan repayments to worry about!
Overall, we had a surplus of £14,083 – thanks to the grants received!
The Community Hall at Grizebeck CIO, Grizebeck, Kirkby-in-Furness, Cumbria LA17 7XH Telephone: 07905 779584 Email: enquiries@grizebeckhall.co.uk Website: www.grizebeckhall.co.uk Charity Number 1178759
Fixed assets (Building) are £454,402. Fixed assets (Plant and Machinery) are reduced in value through 10% depreciation to £7,770. Total fixed assets now stand at £462,172.
Our bank account balance at the end of 2021 stands at £36,343 which is considerably more than at the end of 2019 (£13,522). As explained above much of this is thanks to the grants received from SLDC. Although it looks positive, we cannot be sure what the future holds and it may take a long time to get back to being as busy and active as we have been in the past.
Our total assets now stand at £498,515, an increase of £14,293 thanks to the increase in our bank balance.
Although the year started with the hall being closed until May, activities are now taking place on a regular bais. Some activities such as the Tuesday cafe are not happening other activities are eg we now have a monthy Bingo afternoon and 2 whist drives per month. It is difficult to know how things will develop in the future. But essential maintenance will need to be on-going to keep the hall in a good state of repair.
As Treasurer, I would like to extend our sincere thanks to all those who have supported us during the difficult year that 2021 has been. And a thank you to Andrew Laisby for stepping in as our Independent Examiner.
Gay Kelly, Treasurer
For presentation at the AGM on 5[th] May 2022
Community Hall at Grizebeck CIO
Accounts for the Year Ended 31st December 2021
| Income and expenditure Account Income: Income from Events Hire of hall income Donations Grants Gift Aid Miscellaneous Total Income Expenditure: Utilities Renewal and repairs Manager Cleaner Consumables Loan repayments Insurance, licences etc Miscellaneous Accountant Depreciation charge at 10% straight line Total Expenditure Surplus Balance Sheet as at 31st December 2021 Fixed assets: Fixed assets: Building Fixed assets: Building improvement Fixed assets: Plant and Machinery Total Fixed assets Current assets: Bank accounts Debtors account Total current assets Less current liabilities: Bank Loan account Other creditors - Accountant Total current liabilities Net current Assets & Liabilities Total Assets less Liabilities Funds brought forward Plus surplus in the year to 31st December 2021 Note: Bank Account Balances at 31st December 2021 are: Santander Account HSBC |
2021 £ £ 2,742 5,926 505 18,705 0 498 28,376 28,376 3,146 264 3,759 1773 79 0 1,320 2,879 0 863 14,083 14,083 14,293 £ £ 454,402 7,770 462,172 462,172 36,343 - 36,343 36,343 0 0 0 0 36,343 36,343 498,515 484,222 14,293 498,515 498,515 £ 2,898 33,445 36,343 |
2020 £ 3,031 5,817 352 12,523 503 163 |
|---|---|---|
| 22,389 | ||
| 3,362 5 4,138 993 218 0 1,657 4,071 150 959 |
||
| 15,553 | ||
| 6,836 | ||
| £ 454,402 8,633 |
||
| 463,035 | ||
| 21,337 - |
||
| 21,337 | ||
| 0 150 |
||
| 150 | ||
| 21,187 | ||
| 484,222 | ||
| 477,386 6,836 |
||
| 484,222 | ||
Independent examlnerfs rePt to the Trustees of The Cthnmunlty Hall at Grfzebeck CIO (Reglstered Charlty 1178759) I report on the accounts of the organisation. for the year ended 31 December 2021. The Trustees are responsible for the preparatlon of the accounts. The Trustees did not consider that a full audit wa5 required for this year. and that an independent examlnation would suffice. The review uftdertook an examinatlon of the accounting records kept by the or8anisation and a compari50n of the accounts presented. and does not give an opinlon as to whether the accounts present a 'true and falr vleW, with the report limited to those matters set out In the statement below. In connection with my examinatlon, no matter has come to my attentlon: 11 Which gives me reasonable cause to believe that In any materlal respect the requlrements: To keep accountlng records and to prepare accounts. Have not been met; or 2) To which, in my oplnlon, attentlon should be drawn in order to enable a report under5tandinE of the accounts to be reathed. Slgned: Andrew iaisby (Retired Flnanaal Plannerl Hawkrigg Soutergate Kirkby in Furness Cumbria LA17 Date: 22 March 2022