**Finance Report for 2025** to be read in conjunction with the Accounts for the Year ended 31 December 2025 which have been prepared by the Treasurer and Independently Examined by Denise Fisher, Retired Group Finance Manager. A comparison with the previous 3 years’ expenditure has been included.
Although the hall has been open all year, bookings and activities have still not returned to their pre-pandemic levels plus we are still being seriously impacted by the work to build the new bypass road which should be completed in 2026.
Income from Events has been very similar to 2023 and 2024 which is a positive sign. These include regular events such as whist drives (2 a month), quizzes, bowling, surfers … and one off events such as the Duck Race, Burns Night, Thai meal and various Highlights productions and music events.
However, income from the hire of the hall has dropped even further from £4,828 in 2024 to £2709, this is very much the result of having to terminate the contract with Sellafield which involved payment for the use of the car park for up to 10 cars during the week.
Last year I wrote that initially we were informed that Westmorland & Furness County Council were to make a compulsory purchase order for the whole of the car park. This was then revised to the outer part of the car park but we are still unaware of how much they will be paying for it! This continues to leave us in a very difficult situation as we still do not know the full implications of the purchase!
We have received £3,106 in grants this year – this includes funding for a post box, a new printer and funding for the Christmas Treat Party from CGP Trust Fund and funding for a new website from Parcil payments (this has yet to be paid out). Miscellaneous payments include £4,000 from Westmorland and Furness Council which was paid to us in error and was consequently re-paid (see miscellaneous expenditure).
Our savings account has generated a further £343 in interest.
Our expenditure is down on 2024 but still above 2023 and 2022. The cost of utilities was up slightly on last year but payments for insurance, licences etc were slightly down. Maintenance was much reduced as the 2024 payment included work staining the veranda. Miscellaneous was up yet again but this time included the £4,000 returned to Westmorland & Furness Council having been paid in error. Other payments included PAT testing, alarms, a new printer plus ink and an extension to the staging system as well as payments for Burns Night, Thai meal, Highlights membership, Bank charges …
Our expenditure continues to be greater than our income, this year by £4074, although this is significantly less than in 2024. But it means that we are still depleting our reserves!
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 £5,098. Total fixed assets now stand at £459,500.
Our bank account balance at the end of 2025 stands at £27,588 (£6,611 current account and £20,977 savings account) which is over £3,000 less than at the end of 2024! The use of the hall and car park will continue to be significantly impacted by the new road during 2026. Although the car park has been levelled and re-surfaced as part of the road developments, we cannot be sure what the future holds, especially during 2026 as it may take a long time to get back to being as busy and active as we have been in the past. Although we have £27k in our bank accounts this won’t last indefinitely!
Our total assets now stand at £487,088.
The hall is reasonably busy on a regular basis. Although some previous activities no longer happen eg dances, we still have 2 whist drives per month. But the hall has been used less frequently for parties and other private bookings. As last year, it is still 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.
The hall has a Reserves Policy which refers to how much is maintained in the Savings Account to buffer unforeseen expenses and how much in the current account. This is reviewed annually,
As Treasurer, I would like to extend our sincere that to all those who have supported us throughout 2025. And a thank you to Denise Fisher for standing in as our Independent Examiner.
Gay Kelly, Treasurer
For presentation at the AGM on 7[th] May 2026
## **Community Hall at Grizebeck CIO**
Accounts for the Year Ended 31st December 2025
|Income and expenditure Account
Income:
Income from Events including bar
Hire of hall income
Donatons
Grants
Gif Aid
Miscellaneous
Interest savings account
Total Income
Expenditure:
Utlites
Renewal and repairs
Manager
Cleaner
Consumables
Insurance, licences etc
Miscellaneous
Depreciaton charge at 10% straight line
Total Expenditure
Surplus
Balance Sheet as at 31st December 2024
Fixed assets:
Fixed assets: Building
Fixed assets: Building improvement
Fixed assets: Plant and Machinery
Total Fixed assets
Current assets:
Bank accounts
Savings account
Debtors account
Total current assets
Less current liabilites:
Bank Loan account
Other creditors - Accountant
Total current liabilites
Net current Assets & Liabilites
Total Assets less Liabilites
Funds brought forward
Plus surplus in the year to 31st December 2024
Note:
Bank Account Balances at 31st December 2024 are:
HSBC - Current account
- Savings account|2025
£
£
10,037
2,709
337
3,106
0
4,834
343
21,366
21,366
5,892
1,572
6,786
1,899
106
1,453
7,165
567
25,440
25,440
**-4,074**
454,402
5,098
459,500
**459,500**
6,611
20,977
27,588
27,588
0
0
0
0
27,588
27,588
**487,088**
491,162
-4,074
487,088
**487,088**
£
6,611
20,977
**27,588**|2024
2023
2022
£
£
10,026
10,096
7,980
4,828
5,988
5,932
351
525
370
4,511
548
4,688
0
0
0
61
12,457
-192
396
238|
|---|---|---|
|||20,173
29,852
18,778|
|||5,693
4,965
3,382
7,242
3,624
4,643
7,027
6,318
5,081
2,036
2,273
2,040
37
0
92
2,206
2,081
1,736
6,578
4,596
2,401
629
699
777|
|||31,448
24,556
20,152|
|||-11,275
5,296
-1,374|
|||£
£
454,402
454,402
454,402
5,665
6,294
6,993|
|||460,067
460,696
461,395|
|||10,462
21,503
35,746
20,633
20,238
-
-|
|||31,095
41,741
35,746|
|||0
0
0
0
0
0|
|||0
0
0|
|||31095
35,746|
|||491,162
502,437
497,141|
|||502,437
497,141
498,515
-11,275
5,296
-1,374|
|||491,162
502,437
497,141|
||||