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2024-03-31-accounts

Registered Charity No. 1193651

Goxhill Memorial Hall and Recreation Ground 65 Chapel Street Goxhill, North Lincolnshire DN19 7JJ Trustees Annual Report For the period 1 April 2023 to 31 March 2024

Introduction

This report sets out the objectives, source of income, management structure and main events in the year ended 31[st] March 2024

Trustees

There were no further changes this year with the number of trustees remaining stable

The current charity registration number is 1193651

The Trustees have given due regards to the commission’s public benefit guidance when exercising any powers or duties to which the guidance is relevant.

Objectives

The Charity (No 1193651) exists to ensure the provision and maintenance of a village hall and recreation ground for use by the inhabitants of the Parish of Goxhill, for meetings, lectures, classes and other forms of recreation and leisure time occupation, with the intention of improving the conditions of life for the said inhabitants and providing a venue for social interaction.

Reserves

The Charity has a policy of holding a reserve of £10000 to make provision for any events that threaten the ongoing provision of the Hall for the village population

Financial Position

The Charity is in a reasonably healthy position in the amount of cash held in our current account and deposit accounts, but given the Memorial Hall is nearly 100 years old we are conscious to ensure that we have funds available for ongoing maintenance issues as well as keeping the hall and grounds tidy and available for the local community to use in line with our objectives

Income

There was increased use of the hall, by both regular and occasional hirers and we had to increase our fees to deal with increased energy costs. There was a reduction in donations and due to funding restrictions, fewer Live Lincs events. The increase in interest rates meant we were able to increase interest earned on our deposit balances and towards the end of the year we opened a new higher interest earning account with Nat West.

Payments

There was a cost for attention to the brickwork on the north-east of the building as some bricks had severely perished. We also replaced the lights in the snooker room with low energy lights and replaced some faulty external lights. Our dedicated volunteers continued the refurbishment of our chairs, which look very good.

We also had an additional security camera installed to cover a blind spot

Our energy fixed price contracts finished, and this started to impact on our utility costs towards the end of the year.

We started opening most Fridays between September and June to provide a warm community space, providing drinks and snacks as well as a place to socialise. Initially the charity funded most of this cost, but generous donations offset these costs. This was manned by volunteers and local organisations

Finally general inflationary increases also raised our overall expenditure.

Governance

The dedicated volunteer trustees listed below continued to meet monthly (on average) to discuss the running of the hall and ensure vital building and ground maintenance was carried out. Printed minutes and accounts were provided to each person attending those meetings. The dates of the meetings were advertised in advance and were open to the public when possible (covid restrictions). Monthly management accounts were presented at these meetings. It is also where the conduct of the charity in matters relating to the operation of the Hall were raised and debated. The current Trustees, who served the CIO charity (No 1193651) for the periods shown below, are as follows

from
to
14/12/2021
14/12/2021
14/12/2021
14/12/2021
14/12/2021
14/12/2021
14/12/2021
14/12/2021
21/04/2022

17/10/2022
from
to
First name Surname Officers
Ann Carter Chairman
Caroline Atkins Vice Chairman
John Noton Treasurer
Luke Dane
Sam England
Mark Firth
Janet Shephardson
Theresa Simons
John
Raby
Mike
Jones

Summary of the year

We are pleased to see that 2023/24 was a year of increasing activity and use as regular hirers increased as well as the number of ad-hoc bookings.

Overall, we ended the year with a surplus of £3185.07 as we were fortunate that energy costs were at a fixed rate. There was a decision to increase hire fees from January 2023, increasing our income in anticipation of the expected rise in energy costs. We are hoping this timely action means we do not need to increase our fees again soon

This report was approved at a meeting of Trustees on 30/10/2024

Signed

Ann Carter: Chair_

Goxhill Memorial Hall Registered Charity No 1193651
Receipts and Payments Account
01/04/2023 to 31/03/2024 31/03/2024 31/03/2023
45382 45016
Receipts
Lettings 4818 4080
Snooker 1650 1907.5
Sub Total 6468 5987.5
Groups
Mums and tots 802 647.2
Tennis/badminton 180 325
Bowls 2940 2606
WI 264 242
Martial Arts 2425 0
Dance Classes - 834
Pilates 1117 443
tai chi - 447
dog training 435 2230
Sub Total 8163 7774.2
Other Receipts
Donations 483.56 2801.77
"200" club 1215 1234
Grants 95.92 250
Live Lincs 143.5 1023.89
fund raising-events 1215.1 690
Film Lincs - 0
Bonds 200 100
Other 12.61 76.54
Interest 343.39
3709.08 6176.2
Total receipts 18340.08 19937.9
Payments
Licences 461.2 214.2
Caretaker 3156 2712
insurances 1529.21 1415.36
Water 529.25 500.51
Light and heat 2839.99 2645.94
Stationery +Office 265.91 307.41
Repairs and maintenance 2561.99 1874.49
Legal 500
Sub Total 11385.55 10169.91
Capital
Capital expenditure -
Other payments
Sundry expenses 313.73 1292.24
Pop up Pub 0 0
Garden Maintenance 686 1370
Waste 704.2 634
Cleaning materials 563.71 588.27
reimbursements 478.62 1396.28
Bonds repaid 75 50
TRAVEL 0 0
Commission-charges 101 541
Improvements 847.2 2402.38
Sub total 3769.46 8274.17
Total payments 15155.01 18444.08
Net of receipts/(payments) 3185.07 1493.82
Brought Forward Funds 38850.01 37356.19
Carried forward Funds 42035.08 38850.01
Goxhill Memorial Hall Registered Charity No 1193651
Statement of Assets and Liabilities
as at 31/3/2024 31/03/2024 31/03/2023
Cash and Bank balances
Current Accounts adjusted for items in transit 16705.7 28831.08
Deposit Accounts 25320.32 10018.93
Cash 9.06
42035.08 38850.01
Fixed Assets held for the charity's own use (at valuation)
Memorial Hall (valued for insurance purposes 2019) 871215 871215
Bowls Pavilion (valued for insurance purposes 2019) 176207 176207
Bowls Pavilion owned By Goxhill Bowling Club On GMH land
General 42035.08 38850.01
Total Funds 42035.08 38850.01
Other Assets
None identified
Total Other Assets 0 0
Liabilities
Window Cleaner 37
Gas 170.1 190.59
Electricity 92.76 75.5
Water 108.39 123.58
Commission
Total Liabilities 408.25 439.67

These accounts have been prepared on the basis of receipts and payments in the period

with the addition of the amounts owed at the end of the financial period and therefore comply with the regulations made under Part 8 of the Charities Act 2011 Accounts prepared by Mr John Noton, Treasurer. (Formerly ACIB Dip FS) Signed: These accounts have been independently examined by David Holmes of Stallingborough (see separate Independent Examiner's Report).

Notes

Accounts adopted at meeting held on 30/10/2024