Registered Charity Number :- 1195635 ## THE GREIG HALL CIO Charitable Incorporated Organisation FINANCIAL STATEMENTS FOR THE YEAR END 31 December 2024 **The Greig Hall CIO THE GREIG HALL KINWARTON ROAD ALCESTER B49 6AD** **THE GREIG HALL CIO** FOR THE YEAR ENDED 31 December 2024 TRUSTEES' REPORT ............................................................................................................................................. 3 INDEPENDENT EXAMINER'S REPORT ............................................................................................................. 5 SCHEDULE OF RECEIPTS AND PAYMENTS ................................................................................................... 6 STATEMENT OF ASSETS AND LIABILITIES ................................................................................................... 7 NOTES TO THE FINANCIAL STATEMENTS .................................................................................................... 8 2 **THE GREIG HALL CIO** FOR THE YEAR ENDED 31 December 2024 ## **TRUSTEES’ REPORT** For the Year Ended 31st December 2024 The Trustees, who are also Directors of the Charity for the purposes of the Companies Act 2006, present their Report with the Financial Statements of the Charity for the year ended 31st December 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). ## **OBJECTIVES AND AIMS** The objects of the CIO are the provision and maintenance of a community hall for the inhabitants of the Parish of Alcester and the surrounding villages without distinction of political, religious or other opinions, including use for: (a) Meetings, lectures and classes, and (b) Other forms of recreation and leisure-time occupation, with the object of improving the conditions of life for the inhabitants. ## **ACHIEVEMENT AND PERFORMANCE** CHARITABLE ACTIVITIES During 2024 the Greig Hall ‘traded’ for 12 months for the first time since the CIO entered into a lease from Alcester Town Council for the Hall from 17th February 2023. It is pleasing that the second year continues to show a significant surplus. The activities at the Hall have further consolidated its position as a valued ‘Community Hub’, a core ambition in the Charity’s Business Plan. Dedicated groups of volunteers have ensured that the Hall continues to attract new users as well as sustaining regular users. Several teams of volunteers ensure that the Hall’s maintenance needs are addressed, that an impressive array of lighting and sound equipment is available and supported, and that ticketholders to the Hall-organised events are greeted and assisted as required. Whilst the bar and cleaning duties are primarily undertaken by paid staff, volunteers continue to assist so that our finances are not overstretched. The Hall enjoys immense goodwill from amongst the Alcester community and its surrounds. ## FINANCIAL PERFORMANCE The accounts for the year to 31st December 2024 show a surplus of £32,986. This figure compares with a figure of £26,120 in 2023 after taking off the special one-off donation from the Friends of the Greig Hall. Income from hire charges at £38,262 represents a 43% increase (after adjusting for the 10 months operation in the first year) which, against a background of financial challenges nationally, must be regarded as an excellent result. It must be noted that that the Trustees, in the first year, had been cautious about spending, whilst a pattern of income developed. Expenditure inevitably increased in the second year, and the scale of increase from £55,784 to £85,058 (52%) was anticipated in our budgeting. But those figures are illustrative of the size of the enterprise now being managed by the Trustees. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## GOVERNING DOCUMENT The Charity is controlled by its governing document and is constituted as a Charitable Incorporated Organisation (CIO). 3 **THE GREIG HALL CIO** FOR THE YEAR ENDED 31 December 2024 ## RECRUITMENT AND APPOINTMENT OF NEW TRUSTEES At the second Annual General Meeting held on 21[st] February 2024 the Members in attendance elected Trustees from those indicating a willingness to stand for the 10 positions available. As provided for in the Constitution, two additional Trustees are appointed by Alcester Town Council, which granted the lease of the Hall to the CIO. During the year two new Trustees made applications and were appointed so that, at the end of the year, there are a total of 10 Trustees. ## REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number: **CE026537** (England and Wales) Registered Charity number: **1195635** Registered office: **The Greig Hall Kinwarton Road Alcester B49 6AD** Trustees: _Paul Alexander Glen Atkinson Don Blizzard (appointed 4/9/24) Cllr Andrew Foster (nominated by Alcester Town Council) Tim Jones Christine Lewington (appointed 4/9/24) Andrew Matheson Cllr Wendy Mills (nominated by Alcester Town Council) Adam Rastall Julie Smith_ 4 **THE GREIG HALL CIO** FOR THE YEAR ENDED 31 December 2024 ## **INDEPENDENT EXAMINER'S REPORT** I report to the trustees on my examination of the accounts of The Greig Hall CIO for the year ended 31 December 2024. As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or · the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ## Matthew Elmes BA (Hons), FCCA, ACA Matthew Elmes & Co 11 Swan Street Alcester Warwickshire B49 5DP 28 February 2025 5 SCHEDULE OF RECEIPTS AND PAYMENTS ## **THE GREIG HALL CIO** FOR THE YEAR ENDED 31 December 2024 |**Categories**
**_Notes_**
**Receipts**
Income from Donations and
Legacies
_2_
Income from Charitable
Activities
_3_
Income from Investments
_4_
**Total receipts**

**Payments**
Expenditure on Charitable
Activities
_5_
Other Expenditure
_6_
**Total Payments**
**Surplus for Year**|**2024**
£
11,092.10
106,964.00
690.80
**118,746.90**

47,400.28
38,359.80
**85,760.08**
**32,986.82**|**2023**
£
3,222.60
99,927.00
96.32| |---|---|---| |||**103,245.92**| |||36,016.61
19,864.75| |||**55,881.33**| |||**47,364.56**| 6 **THE GREIG HALL CIO** **STATEMENT OF ASSETS AND LIABILITIES** FOR THE YEAR ENDED 31 December 2024 |**Categories**
**_Notes_**
**Fixed Assets**
_7_
Bar Stock
Other Debtors
_8_
Bank and Cash
_9_
**Current Assets**
Current Liabilities
_10_
**Net Current Assets**
**Total Assets**
Opening Charity Funds
Surplus for Year
**Closing Charity Funds**|**2024**
£
**11,067.69**
5,119.47
1,820.00
80,992.42

**87,931.89**

18,553.20

**69,378.69**

**80,446.38**

47,459.56
32,986.82
**80,446.38**|**2023**
£
**1,360.15**| |---|---|---| |||5,130.03
1,775.00
49,548.68| |||**56,453.71**| |||10,354.30| |||**46,099.41**| |||**47,459.56**| |||95.00
47,364.56| |||**47,459.56**| The financial statements were approved by the Board on 28 February 2025 and signed on its behalf by: Tim Jones Trustee 7 **THE GREIG HALL CIO** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 December 2024 ## **1. Accounting Policies** The financial statements have been prepared in accordance with the requirements of the Charities Act 2011. ## **2. Income from Donations and Legacies** |**ncome from Donations and Legacies**||| |---|---|---| |**Analysis**
Donation and gifts
General grants provided
**ncome from Charitable Activities**
**Analysis**
Bar Sales
Hire Charges
Misc Sales
Receipts (FOTG)
Ticket Sales
**ncome from Investments**
**Analysis**
Interest income|**2024**
£
2,060.50
9,031.60
**11,092.10**
**2024**
£
58,438.77
38,262.45
1,922.18
-
8,340.60
**106,964.00**
**2024**
£
690.80
**690.80**|**2023**
£
2,797.28
425.32
**3,222.60**
**2023**
£
42,711.12
22,299.46
580.00
21,245.42
13,091.00
**99,927.00**
**2023**
£
96.32
**96.32**| |||| ## **3. Income from Charitable Activities** ## **4. Income from Investments** 8 **THE GREIG HALL CIO** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 December 2024 ## **5. Expenditure on Charitable Activities** |**Analysis**
Bar Purchases
Bar Wages
Bar Sundry
Hire of Acts
Security Charges
Service Charges - Other
Food for Events
Microtil Equipment
Payment Sense Charges
Cardreader Charges
Cardreader Equipment
Member/Volunteer Events
Bank and Microtil Charges
Legal/Professional Fees
Annual Accounts
Payroll|**2024**
£
27,223.93
8,769.30
1,006.07
5,200.00
400.00
83.90
240.89
-
827.28
642.53
-
288.13
1,218.25
-
1,200.00
300.00
**47,400.28**|**2023**
£
17,412.44
4,203.30
1,899.42
5,200.00
875.00
75.07
190.28
2,410.80
364.98
468.44
247.19
-
822.69
537.00
1,050.00
260.00| |---|---|---| |||**36,016.61**| 9 **THE GREIG HALL CIO** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 December 2024 ## **6. Other Expenditure** |**Analysis**
Rates
Electricity
Gas
Insurance
Telephone
Broadband
Stationery
Postage
Office Sundries
Cleaning
Catering/Refreshments
Advertising/Promotions
Wesbite/Marketing
Fundraising Costs
Licences
Subscriptions
Data Protection
Repairs/Maintenance
Equipment Servicing
Ground Maintenance
Hire of Equipment
Sundry Equipment
Furnishing Expense
Depreciation Charge
Training
Waste Disposal|**2024**
£
2,000.00
7,500.00
144.85
2,762.84
52.39
(55.53)
6.60
-
186.28
3,375.13
53.99
3,128.71
294.16
-
944.80
-
35.00
6,578.32
2,430.00
697.76
140.00
3,992.96
75.00
2,710.06
204.40
1,102.08
**38,359.80**|**2023**
£
2,000.00
4,000.00
2,000.00
1,144.38
80.00
453.07
7.90
5.39
240.62
1,211.03
69.00
2,346.45
-
434.40
139.20
79.99
35.00
2,029.51
894.00
488.54
-
1,000.25
526.05
679.97
-
-
**19,864.75**| |---|---|---| 10 **THE GREIG HALL CIO** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 December 2024 ## **7. Tangible Fixed Assets** ## **7.1 Cost or valuation** |**Fixtures &**
**Fittings**
£
At 1 January 2024
2,040.12
Additions
3,386.00
Disposals
-
Revaluations
-
Transfers
-
At 31 December 2024
**5,426.12**
**7.2 Amortisation and impairments**
**Fixtures &**
**Fittings**
£
At 1 January 2024
679.97
Additions
1,806.90
Disposals
-
Revaluations
-
Transfers
-
At 31 December 2024
**2,486.87**
**7.3 Net book value**
**Fixtures &**
**Fittings**
£
At 1 January 2024
1,360.15
At 31 December 2024
**2,939.25**|**Leasehold**
**Improvements**
£
-
9,031.60

-
-
-
**9,031.60**

**Leasehold**
**Improvements**
£
-
903.16
-
-
-
**903.16**
**Leasehold**
**Improvements**
£
-
**8,128.44**
|**Total**
£
2,040.12
12,417.60
-
-| |---|---|---| |||**14,457.72**| |||**Total**
£
679.97
2,710.06
-
-
-| |||**3,390.03**| |||**Total**
£
1,360.15| |||**11,067.69**| 11 **THE GREIG HALL CIO** **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 31 December 2024 ## **8. Debtors: Amounts falling due within one year** |**2024**
£
Prepayments
1,820.00
**1,820.00**
**ash at bank and in hand**
**2024**
£
Deposit Account
54,818.60
32 Day Deposit
10,290.25
Events Float
500.00
Bank Balance
15,383.57
**80,992.42**
**Creditors: Amounts falling due within one year**
**2024**
£
Accountancy and Payroll Fees Payable
1,500.00
Taxes Payable
330.20
Other Liabilities
16,723.00
**18,553.20**|**2023**
£
1,775.00
**1,775.00**
**2023**
£
24,385.32
10,032.73
500.00
14,630.63
**49,548.68**
**2023**
£
1,310.00
96.30
8,948.00
**10,354.30**| |---|---| ## **9. Cash at bank and in hand** ## **10. Creditors: Amounts falling due within one year** 12