## **- Coddington Village Hall CIO (1188363)** ## **Report of the Trustees year ending 31.12.2023** Following on from the lean post-Covid months, during which many of our regular hirers had struggled to continue with their groups through declining numbers, whilst ad hoc bookings were becoming increasingly hard to secure, we are able to report that this past year has seen a much more buoyant period for the Village Hall. We now have regular hirers filling the Hall each weekday, offering a wide range of activities as diverse as tap dance to ballroom and ballet to dance fitness. Added to this are the long-standing groups such as the Coddington Brownies and the Coddington Women’s Institute, it means the Hall really does offer something for everyone of all ages. As well as the popular “Live & Local” concert evenings, the Trustees endeavour to offer a wide variety of fund-raising events. The past year has seen plant sales and table fairs as well as quiz nights and a Christmas Fair. The quiz night later in March is already fully booked, and these events draw people in from across the district, many of whom later go on to book the Hall for their own events. Especially encouraging are the level of repeat bookings seen recently from hirers who have been extremely impressed by the light, bright and welcoming atmosphere of the Coronation Hall. The addition of fairy-lights has proved popular for both small children’s parties as well as more intimate adult evening celebrations. Meanwhile, the Trustees work tirelessly to ensure the Hall is kept in the best possible condition, and the dedicated volunteers of the maintenance team have recently carried out works to repair stormdamage to the felt roofing of the shed, as well as ensuring the gardens are kept in pristine condition. Plans are well underway to carry out a total refurbishment of the toilet facilities this year, and we have been successful in securing a grant of £7,500 from Nottinghamshire County Council towards the costs of this project. Naturally with a building of this age there is always much to be done, and there will always be small mountains to climb to ensure the Hall is preserved for future generations of the village to enjoy. However, the Hall has weathered the turbulent, stormy times of the past couple of years and is now sailing into calmer waters to again resume its place as the jewel in the village’s crown. Maggie George Chairman On behalf of the Trustees of Coddington Village Hall Balance Sheet ## **CODDINGTON VILLAGE HALL** ## **Balance Sheet** ## **31st December 2023** |Note
**£**
**£**
**Fixed Assets**
Land and Property
80,000
Chairs
6,956
Less Depreciation
-6,956
-0
Heating Renewal
3,388
Less Depreciation
-1,341
2,047
Cupboards
0
1,999
Less Depreciation
-375
1,624
Total Fixed Assets
83,671
**Current Assets**
Debtors
185
Prepayments
516
COIF Accumulator
2
36,308
COIF Deposit A/c
3,516
Nat West Current A/c
Cash
0
Co-op Bank
18,031
58,555
**Current Liabilities**
Receipts in Advance
750
Creditors
1,237
Key Deposits
190
2,177
**Net Current Assets**
56,379
Net Assets
140,050
**Represented By**
**Designated Improvement**
**General**
**Funds**
**Fund**
**Fund**
Retained surplus at 1st January
6
3,300
2,572
123,035
128,907
Additions during the year
3
5,825
5,825
Funds Applied or Transferred
0
0
Surplus (Deficit) for the year
3,084
2,234
5,318
9,125
5,656
125,269
140,050
**2023**|**£**
**£**
0
80,000
6,956
0
-6,956
-0
3,388.20
0
-494
2,894
0.00
0
0
82,894
0
0
0
2,110
0
466
0
32,265
0
9,351
0
0
0
2,275
0
0
46,467
0
0
0
264
0
190
454
0
46,013
0
0
0
128,907
0
0
131,579
8,203
-7,498
-3,377
128,907
**2022**| |---|---| 0.01 |Not
**Income**
Lettings
Fund Raising
COIF Accumulator
2
Interest on Deposit Account
Grants
3
Live and Local Income
Live and Local expenses
Total income
**Expenses**
Electricity
Gas
Water
Fire Inspection
Insurance
P.R.S.
Maintenance/Refurbishment
Consumables
NSDC Waste
Administration
Fund Raising
Depreciation
4
Cleaning
Other Expenses
Broadband
Grant Projects
Improvements
Total Expenses
Surplus (Deficit) for year|**12**
**Months to**
**31st December 2023**
e **Designated Improvement**
**General**
**Funds**
**Fund**
**Fund**
**Total**
**Funds**
**£**
**£**
**£**
**£**
**£**
6247
6247
1932
1932
4043
4043
216
216
5825
1000
6825
3914
3914
-2403
0
-2403
5825
3443
11505
20773
20773
505
505
787
787
334
334
4
4
1398
1398
45
45
2021
2021
158
158
199
199
346
346
7
7
1222
1222
2011
2011
36
36
198
198
0
0
359
359
0
0
0
359
9271
9630
9630
5825
3084
2234
11143
**Statement of Financial Activities**
**2023**|**Total**
**Funds**
**£**
**£**
6135
0
1609
0
-2928
0
53
0
8203
0
3229
0
-2266
0
14035
0
0
14035
0
0
0
0
348
0
813
0
106
0
178
0
1200
0
200
0
2312
0
90
0
191
0
138
0
0
0
494
0
2910
0
228
0
7498
0
0
0
0
0
16706
16706
-2671
**2022**| |---|---|---| ## **Notes to The Accounts** - 1 No one involved in the management of the hall or connected to anyone involved in the management of the hall has received or is due to receive any payment from the trust other than out of pocket expenses. - 2 The COIF Accummulator is held as a Current Asset and is shown at valuation at the date of the Balance Sheet. - 3 A Grant towards the cost of updating the Toilet facilities was received, £5625 being 75% of the total awarded. A further £200 grant has been received from Nottingamshire CC. - 4 Capital items are depreciated in equal instalments over four years. - 5 Project expenses are charged against the relevant Designated Fund and not depreciated as an asset - 6 In 2022 the Committee decided that General Hire Income should pay for the overheads of the Hall and that any Fund Raising Income should go towards Improvements. Therefore £2,572 net Fundraising Income from 2022 has been shown separately.Whilst these are not Designated Funds, it does indicate the Committee's preference for their use. - 6 In 2022 there was an overprovision of the Chubb Fire Inspection contract amounting to £168 which has been offset against the 2023 charge resulting in a net charge to SoFA of £4 7 Movement in Designated Funds |Balance Brought Forward
Additions during Year
Funds applied during Year|**Extention**
**Kitchen**
**Toilet**
**Insulation TOTAL**
2595
2
703
3300
-2
5825
2
5825
0
0
2595
0
5825
705
9125| |---|---|