Wolvey Village Hall Foundation CIO
Treasurer’s Report 2022
2022
Covid continued to have a negative impact on bookings and revenue in the early part of the year, however, the financial impact was largely offset by a further Covid recovery grant of £2667 received.
During 2021 a review of historic pricing was carried out, and the committee have voted to partially introduce the new charges from 1[st] January 2022, with them taking full effect from 1[st] July 2022. This resulted in a small increase in revenue. New storage charges introduced similarly resulted in a new revenue stream totalling £821.51 for the year.
Fundraising activities including coffee mornings, afternoon teas, quizzes, and a produce show have proved popular and have contributed £2329.38 to Village Hall Funds in the year, and donations totalling £2077.59 have been made to other charities.
The website continues to attract new interest and enquiries, with a new weekly Zumba Class, frequent Messy Play, and several Amateur Dramatic and Musical Productions happening at The Hall. Ad-hoc bookings for parties and life events have been strong.
Wolvey Village Hall Foundation was awarded £14,500 from the Warwickshire Green Shoots Fund towards environmental improvements, and this will be used for window, door, and insulation upgrades. This funding is paid retrospectively.
The Hall also received £300 from WRCC’s Warm Hub Fund to apply to its warm hub events.
Total revenue for the year was £22,149.80 with costs and expenses of £13,469.55, leaving a surplus of £8,680.25.
2023
The Hall’s energy supply contract having not ended until 29[th] December 2022 means that the financial cost of price increases will not be felt fully until Q1 2023. This is expected to be significant.
The Hall’s Hire Charges were reviewed and increased by 20%, but the discounts to regular and open to all groups were also increased to compensate. There should be a 20% increase in revenue from ad-hoc hirers.
Refurbishment and redevelopment plans continue with grant funding being sought to offset as much of the cost as possible.
Charity No.: 1193439
Wolvey Village Hall Foundation CIO Charity No.: 1193439
Created 15 March 2023 From Date 1 January 2022 To Date 31 December 2022
WOLVEY VILLAGE HALL FOUNDATION (CIO) Profit & Loss Statement
(All values reported in GBP)
Turnover
| 4010 Hall Hire 4011 Storage Charges 4012 Solar FIT 4013 Deposits Received/Retained 4014 Advertising/Printing Sales 4900 Bank Interest 4906 Grants 4907 Donations In Total Turnover Less Cost of Sales |
11,368.89 821.51 2,735.63 565.00 55.31 75.25 2,967.00 3,583.21 22,171.80 |
|
|---|---|---|
| 5000 General Purchases Total Cost of Sales Gross Profit Less Expenses |
(239.77) (239.77) 21,932.03 |
|
| 6201 Advertising 7102 Water Rates 7200 Electricity 7201 Gas 7501 Postage and Carriage 7503 Broadband Internet and Fax 7506 Hosting Fees and IT Consumables 7600 Legal Fees 7601 Audit and Accountancy Fees 7603 Professional Fees 7801 Cleaning 7803 Premises Expenses 7901 Bank Charges 8200 Donations 8201 Subscriptions 8204 Insurance 8206 Repairs & Maintenance 8207 Waste & Recycling Total Expenses Profit Before Tax |
(74.00) (269.47) (954.28) (1,761.76) (1.83) (535.76) (120.00) 208.00 (240.00) (1,670.00) (2,751.54) (179.88) (2.99) (2,077.59) (262.22) (1,466.61) (1,029.85) (40.00) (13,229.78) 8,702.25 |
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