COVEN MEMORIAL HALL 64-68 BREWOOD ROAD COVEN WOLVERHAMPTON STAFFORDSHIRE WV9 5DL Reglstered Charlty: 1202998 STATEMENT OF ACCOUNTS AND INDEPENDENT EXAMINATION REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 COVEN MEMORIAL HALL LEGAL & ADMINISTRATIVE DUTIES YEAR ENDED 31 DECEMBER 2024 ADDRESS FOR CORRESPONDENCE School House Light Ash Lane Coven Wolverhampton WV9 SAE GOVERNING DOCUMENT CIO- registered 9 May 2023 CHARITY REGisfRATION NUMBER 1202998 TRUSTEES RESPONSIBLE FOR MANAGING THE CHARITY Margaret Anne Wootton- Chalr Janet Carr Lorna Jones INDEPENDENT EXAMINER Matthew Slater FMA4T MTS Accountancy Services Ltd Kenant Chambers 2 Bath Avenue Wolverhampton WVI 4EQ Contents Page Report of the Trustees Independent Examiners Report on the Account5 Balance Sheet Income & Expenditure - Hall Income & Expenditure - Bar COVEN MEMORIAL HALL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024 The Trustees have pleasure in submitting the Report and Accounts for the year. Objects of the charity The objects of the Charity are". al To maintain the Coven Memorial Hall, its rooms and the car park for the use of the local community and surrounding areas. bl To discharge outgoing5 related to the property. cl To keep fences, hedges and gates in order. dl To maintain land and turf in good order. Achlevements and perfomiance The charity has maintained the hall and has hired rooms out for local groups, functions and antiques fair5. The charlty has dischar8ed all overheads relatin8 to the premises. The charity has arranged malntenance of fences. gates, hedges and turf on the site where Indicated. Durin8 the forthcoming year the Trustees will continue to further the work of the Charity In pursuing Its objectives. The major risk to which the Charity is exposed is the lack of continuing funding. The Trustees are contSnually striving to ensure that the appropriate level of funding continues. Reserve5 poIIcy The Trustees consider that the funds within the Charity are at a level to cover operational costs for at least 3 months. The reserves, which consist mainly of cash at bank, are needed to bridge the funding gap between spendin8 on the Charity's overheads and the receipt of new funds. Flnanclal revlew The Charity receives donations, grants and income which are then utilised in achievlng the obSects of the Charity. During the year to 31 December 2024 the Charity received donations. grants and income amounting to £78,601 out of which £75.349 was spent in pursuit of the Charity's objectives. Volunteers Trustees are recruited from the volunteer base and if they have experience and enthusiasm to work with the rest of the trustees and meet the charity's objectives. Responslbllltles of trustees Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year. We are responsible for keeping proper accounting record5 which disclose with reasonable accuracy at anv time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011. We a150 have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irreEularities. Approval This report was approved by the trustees and signed on their behalf by.. Mrsl Carr 10th May 2025 COVEN MEMORIAL HALL ACCOUNTANTS REPORT I rerrtjrt to the trustees on my examinath)n of the accounts of Coven MeftM)rial Hall I'the charity'l for the year ended 31 December 2024 on pages 3 to S folJowin8. Responslbllitles and basT5 of report As the trustees of the charrty you are responslble for the p￿pa￿tIOn of the accounts in accordance wlth the requirements of the Charities Att 20111.the 2011 ACVI. I report In WeS￿rt of my èxamlnatfjon ol the charfvs accounts carrled out under sectlon 145 of the 2011 Act and in Car￿n$ out my examination I have followed all the applicab￿ Dlrettion5 given by the Charity Commi55ion under 5ectlon 145lSllbl of the 2011 kt. Independent examlnorfs ststement I have completed rny examlnation. I confirm that no rnateitsl matters h￿e come to my attentk)n In connectkjn with the examlnatlon 8ivin8 me cause to belleve that in any materlal respect.. l. accouniin8 records werè not kept In actofdance wrth sertion 130 01 the 2011 kL' or 2. the account5 do not accord whh the accounting records. I have no con¢erns and have come across no other matters In conneuion wjth the examlnation to whlch attention should be drawn In order io enable a woper understandlng of the accounts to be reached. M Slater FMA4T 10th May 2025 COVEN MEMORIAL HALL BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 ASSEfs Buildings & Equipment Additlons 397.601 397,601 Tota 397.601 397.601 Depreciation carried forward 160.3571 154.2211 Net 337,244 343,380 Stock Debtors bonkA¢¢ouftts Main Hall a¢¢ounts Premlum Tracker- Roof fund 3,922 2,880 4.134 59,658 26.800 50.879 54,023 26,403 49,951 144,139 134,511 TOTAL ASSETS 481.383 477,891 LIABILlnES Leltin8s in advan¢e for 202512024 Other Creditors and Accruals Capital Loan 864 420 625 420 TOTAL LIA81LtTIES 1.284 1,045 NET ASSErs 480.099 476,846 Represented by: Loan re Land Roof repair fund Accumulated Fund B/Fwd. Deficitlsurplus for the year Accumulated Fund CIFwd. 130 35,37S 130 35,37S 441,341 442,851 3,253 11,5101 444,594 444,594 441,341 441,341 480,099 476,846 Approved by Mrs J Carr 10th May 2025 COVEN MEMORIAL HALL HALL INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME Hall Lettings Grants and donations receivable Rent: Social Club Bar Interest Receivable 42,961 3,417 1.976 38.733 5,820 1,976 1,325 570 49.679 47,099 EXPENDITURE Wages Electric & Gas Water Insurances Maintenance and cleanin8 Sundrle5 Bank Charges Accountancy Legal & Professional Depreciation Computer Software 9.024 13,087 1,294 2,339 7,959 4,389 267 492 20 6,136 646 10,033 10,454 1,358 2,099 9,649 3,522 220 462 2,469 7,957 542 45,653 48,765 NET SURPLUS / IDEFICIT} FOR THE YEAR 4,026 11,6661 COVEN MEMORIAL HALL BAR TRADING AND PROFtr AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 20Z4 2023 Takings 28,922 25,557 Cost of Goods sold= Opening Stock Purcha5e5 4,134 15,325 4,702 12,577 19.459 17,279 Closin8 Stock 3,922 4,134 15.537 13,145 Gross Profit 46.28%12023'.48.56%1 13,386 12,412 Less Expenses: Wages Rent Heat & Light Legal & Professional Char8es Bank Charges 9.332 1,976 1.8CKI 275 775 7,961 1,976 1,800 220 299 14,159 12,256 NET SURPLUSIIDEFICITI FOR THE YEAR 17731 156