Radway Village Hall Annual Report 2024
Income Report
Income in 2024 was down about £700 compared to the previous year. This largely reflects a significant reduction in come from the private hire of the hall which was only about 10% of the figure for 2023. The hall continues to attract a wide range of users both from the village and from further afield. Regular weekly users such as the Sunday bible group, bridge club and tea/chat/play provided a good level of income during 2024. Much of this regular income is expected to continue into 2025 and beyond, although it should be noted that the bible group have cancelled their regular booking which will have a significant impact on the overall income for 2025.
The 2024 annual accounts show a surplus of £1200.52.
The income breakdown was as follows:
Capital Programme
No additional expenditure was incurred under the capital programme in 2024. The programme remains under regular review.
Financial Accounts
The financial accounts for 2024 are attached.
RADWAY VILLAGE HALL ACCOUNTS
1/1/24 to 31/12/24
Income & Expenditure
| Income & Expenditure | |
|---|---|
| Income Hall Hire Revenue Radway PC Insurance grant Equipment Hire Donations Interest received Total Expenditure Electricity Waterplus Zurich Insurance Betafire Protection PAT (Testing) Capital Expenditure (Stonework) Donation to marquee Mobile Phone Tree work Maintenance & Repairs Cleaning Materials, Paint & Miscellaneous New Refrigerator Total Net Profit / Loss |
2024 2023 YoY(2024-2023) |
| £3320.00 £4023.00 (703.00) £441.22 £385.40 55.82 £0.00 £60.00 (60.00) £150.00 £425.00 (275.00) £88.19 £81.47 6.72 |
|
| £3999.41 £4974.87 (975.46) £624.79 £596.13 28.66 £173.23 £153.74 19.49 £441.22 £385.40 55.82 £82.34 £175.15 (92.81) £271.00 £86.00 185.00 £0.00 £2,996.03 (2,996.03) £33.54 £0.00 33.54 £45.00 £45.00 0.00 £0.00 £327.00 (327.00) £995.00 £465.15 529.85 £132.77 £337.02 (204.25) £0.00 £230.00 (230.00) |
|
| £2798.89 £5796.62 (2997.73) |
|
| £1200.52 (£821.75) 2022.27 |
*Electricity and water costs are net of any compensation
Cash Assets (as of 31/12)
Current Account Business Reserve
£1517.37 £1405.04 £6717.78 £5629.59
Total
£8235.15 £7034.63
Appendix: Account Movements
| Current Account Opening Balance at 1/1 Income & Expenditure (excluding interest) Transfers Closing balance at 31/12 Business Reserve |
£1405.04 £2308.26 £1112.33 -£903.22 -£1000 £0.00 |
|---|---|
| £1517.37 £1405.04 |
| Opening Balance at 1/1 Interest Transfers Closing balance at 31/12 Breakdown of Income 2024 Private Hire Sunday Bible Group RPC Tea/Chat/Play REG Book Club Gardening Club Church Wardens Tai Chi Group Elections Bridge Club Coronation (Jubilee) celebrations Total |
£5629.59 £5548.12 £88.19 £81.47 £1000 £0.00 |
|---|---|
| £6717.78 £5629.59 £62.00 £627.00 (565.00) £1,020.00 £1,000.00 20.00 £126.00 £161.00 (35.00) £616.00 £700.00 (84.00) £290.00 £291.00 (1.00) £28.00 £112.00 (84.00) £0.00 £457.00 (457.00) £42.00 £42.00 0.00 £180.00 £220.00 (40.00) £410.00 £169.00 241.00 £546.00 £174.00 372.00 £0.00 £70.00 (70.00) |
|
| £3320.00 £4023.00 (703.00) |
John Hutchison, Trustee, 14 April 2025