## - Nutley Memorial Trust Charitable Incorporated Organisation AGM th - Oct 27 2022 Annual Report by Chair The Nutley War Memorial Trust was set up in 1948. As well as providing and managing the Nutley War Memorial Hall facilities, the Trust is also instrumental in providing other village facilities acting as Landlord to Nutley Tennis and Squash Club, Nutley Bowling Club, and Nutley Social Club. In 2021, the Trust changed its name to become the Nutley Memorial Trust CIO. The Nutley Memorial Trust CIO will continue to provide and run facilities for the benefit of Nutley residents and the surrounding area just as it has always done. I have now been the Chairman of the Nutley Memorial Trust CIO for one year and another testing year it has been for everyone. Rises in the cost of oil and energy, have been causing great concern and the Trust have been forced to increase the Hall rental charges. Not something we wished to do at this time, but a necessity, to help keep the hall running and available for future use. On the good side, this year sees the 50th Anniversary of the construction of the Memorial Hall and a tea party is being arranged as a celebration. Rental bookings are picking up. All The electrical repairs/updating have now been completed A new five year lease has been negotiated with the Nutley Tennis and Squash Club and is now in place Grant Funding has been obtained to provide our hall with state of the art audio and video equipment and this has now been installed and is available for use by all hall users On the down side, we need to replace many of the existing windows, in an effort to increase the insulation values and make it more economic to run. We also need to replace the entire heating system, which is out of date, inefficient and continually breaking down. Furthermore, for the same reasons, insulation of the outside walls of the hall is also necessary. Sadly, at the present time, income is still failing to keep pace with necessary expenditure., and while the trustees are hopeful that some finance can be obtained, by way of grants from various sources, any ideas for raising funds would be appreciated. On a final note, one of the Trustees, Matthew Cleghorn, resigned in March, due to his other commitments and we are therefore looking for someone to take his place. Indeed, we are looking for more Trustees as well. So, if you feel able to give some time to the community, please come forward and let us know. NUTI FV WAR MÉMORIAL ci• Receipts and payments accounts CC16a For the period from To 07.04.21 31.03.22 Section A Receipts and payments Unrestncted funds Restncte funds Endowment funds Total funds Last year the Dearesl 10 tr* neatest£ to Ihe nearestÉ to the nearest£ to the Trearest£ Al Recel t$ Vo untary Inccyne Grants Other D￿a￿onS Fundralsln Investment Inc(me Inc￿ne arfts Hall Hire Tennls & Squash Club Rerrt 8oMlng Club Rent Sodal C￿b Rent 11.805 1240 10.567 91 1D.567 91 s.￿1 15.003 e AL￿v￿eS 13.145 4,151 13,145 4.151 28 6257 3,974 824 Totsl recelpts 38.838 A3Pa ments CharTtable Artlvnles Caretaker Wa Insurance net of corrtrlbuJons rec Cixjndl Tax & refuse c(Alectl Water & sewa Elecbl net of meler recel Heatln ol Tele hone & BroadbarKJ Posla e and su Iles Donatlons 8uildln sand rounds e I Hall equipment and supplies ¢ences and gJbscMptscffi fees LÈ al Fees Ad¥et￿S1ll 4.332 2,191 4003 2.850 1,355 7Ql 2.191 1.597 P&8 90 1.824 463 90 1.824 463 2,123 64? 2,141 rr￿rrt 13.366 n4 13.366 n4 8,790 1.0¥2 219 19.780 42 142 390 390 Sund ex enses Pre schod ro ect Fix￿reS and frttin s addthns 18 18 EXamIna￿On & aectyJnt fees 1.2(M) 1.2(W) 1.1LK) Sub totsl 27.349 27.349 CCXX Rl awJnts {SS} 10n(r2￿22 A4 Asset and Investment urchases see table Sub totsl 27.349 27.349 45.080 Net of recelplsl{payments) A5 Transfers between ￿n￿$ Transfer to SupperannUa￿O￿ Fund 5,867 241 241 245 A6 Cash funds last yeai end Cash funds this year end 9,803 12.183 CCXX R2 acoxfftts ISS) Section B Statement of assels and liabilities at the end of the period Unrestricted funds *estE Restrlcted fvn¢J5 lo neaiest£ Endowment funds to near￿£ LaiérJoi Bl Cash funds HSBC Cu￿errt Acmjnt 9.665 HSBC De 118 Co[FA￿n￿laI￿ Untts Total cash funds 9.WJ3 2,380 Unrestflcted funds to neares1£ Restrleted funds to ne8resl£ Endowment nds to nearest£ B2 Other monetary assets Debt￿S FLmd to whlch asset belo Cost(OPllonall Current ¥alue lJon81 B3 Investment assets COIF Acojnwla￿￿ Units F￿d b whkh eogt{opOon&Q Currentvalue en 304.￿5 84 Assets retalned fof the charitys own use Freeh(dd Pro FLxiures & fftyn 12,918 Pre-sch￿1 Pr 11.teo Fund to wh*h Telates n*i*AI5 When due on 01 Aprll 2￿2 on 85 Liabilities Credttors by crse ortAo1rustees on behaw of aff the truste¢5 Signature Prirrt Name Date L roval li41 L'l CCXX R3 accounts {SS) lon￿2022