## 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**||
||||