The Hoddesdon and District Old People’s Welfare Committee Annual Report for the year ending 31 March 2023
After the Covid restrictions, life at the two halls has nearly returned to normal. This was reflected in the hiring of the two halls and the associated income. That said there are still opportunities to increase the volume of letting, particularly at Bushby Hall.
The income from letting out the halls (net of refunds) of £28,164 was 78% greater than in the previous year. The 2022/23 letting income compares with that in the pre-Covid year ending 31[st] March 2019, which was £28,225.
Expenditure, excluding improvements to the buildings, continues to be remarkably consistent with previous years despite inflation. A testament to the excellent management of the buildings., not least having negotiated fixed price energy contracts since July 2019 which run to September 2025.
There were no major building improvements in the year ending 31 March 2023 and both buildings are in good order. The upgrading of Jackson Hall with new chairs, lobby carpet, blinds and redecoration was supported by a grant from Hertfordshire County Councillors.
The cash position has improved from £24,861 to £29,520, reflecting the surplus for the year of £4,658.
The year end cash includes £10,049 which are designated funds, similar to the balance of £10,405 as of 31[st] March 2022. Note 3 to the accounts describes how the Designated funds can be used.
The Management Committee has been stable throughout the year.
| Unrestricted funds | Unrestricted funds | Total | ||
|---|---|---|---|---|
| Receipts | General | Designated | 2023 | 2022 |
| Grants - Broxbourne Council |
3,308 | |||
| Grants - Herts County Council |
1,750 | 1,750 | 6,470 | |
| Donations/Legacy | ||||
| Members subscriptions | 1,557 | 1,557 | 1,466 | |
| Interest on deposits | 62 | 62 | 74 | |
| Use of Bushby Hall | 9,628 | 9,628 | 5,850 | |
| Use of Jackson Hall | 21,760 | 21,760 | 11,638 | |
| Refunds - utilities |
125 | 125 | 1,217 | |
| 34,820 | 62 | 34,883 | 30,023 | |
| Payments | ||||
| Repairs and maintenance | 5,907 | 5,907 | 7,810 | |
| Cleaning | 9,673 | 9,673 | 8,991 | |
| Electricity | 1,135 | 1,135 | 1,855 | |
| Gas | 4,136 | 4,136 | 3,180 | |
| Telephone | 221 | |||
| Water | 1,292 | 1,292 | 116 | |
| Administration | 72 | 72 | 37 | |
| Entertaining | 97 | 97 | ||
| Independent examiners fee | 125 | 125 | 125 | |
| Insurance | 2,367 | 2,367 | 2,452 | |
| Rent - Bushby Hall |
996 | 996 | 498 | |
| Caretaker | 1,200 | 1,200 | 1,200 | |
| Refunds - Hall Hire |
3,224 | 3,224 | 1,650 | |
| 30,224 | 30,224 | 28,135 | ||
| Net (payments)/receipts | 4,596 | 62 | 4,658 | 1,888 |
| Transfers between funds | 419 | (419) | ||
| Cash funds last year end | 14,456 | 10,405 | 24,861 | 22,973 |
| Cash funds this year end | 19,471 | 10,049 | 29,520 | 24,861 |
| Unrestricted funds | Unrestricted funds | Total | ||
|---|---|---|---|---|
| Receipts | General | Designated | 2023 | 2022 |
| Grants - Broxbourne Council |
3,308 | |||
| Grants - Herts County Council |
1,750 | 1,750 | 6,470 | |
| Donations/Legacy | ||||
| Members subscriptions | 1,557 | 1,557 | 1,466 | |
| Interest on deposits | 62 | 62 | 74 | |
| Use of Bushby Hall | 9,853 | 9,853 | 5,850 | |
| Use of Jackson Hall | 22,190 | 22,190 | 11,638 | |
| Refunds - utilities |
125 | 125 | 1,217 | |
| 35,475 | 62 | 35,538 | 30,023 | |
| Payments | ||||
| Repairs and maintenance | 5,907 | 5,907 | 7,810 | |
| Cleaning | 9,673 | 9,673 | 8,991 | |
| Electricity | 1,135 | 1,135 | 1,855 | |
| Gas | 4,136 | 4,136 | 3,180 | |
| Telephone | 221 | |||
| Water | 1,033 | 1,033 | 116 | |
| Administration | 85 | 85 | 37 | |
| Entertaining | 97 | 97 | ||
| Independent examiners fee | 360 | 360 | 125 | |
| Insurance | 2,367 | 2,367 | 2,452 | |
| Rent - Bushby Hall |
996 | 996 | 498 | |
| Caretaker | 1,200 | 1,200 | 1,200 | |
| Refunds - Hall Hire |
3,575 | 3,575 | 1,650 | |
| 30,564 | 30,564 | 28,135 | ||
| Net profit | 4,911 | 62 | 4,974 | 1,888 |
| Unrestricted funds | Unrestricted funds | Total | Total | |
|---|---|---|---|---|
| Cash funds | General | Designated | 2023 | 2022 |
| Bank current accounts | 19,471 | 14,456 | ||
| Fixed term deposit | 10,405 | |||
| Liquidity manager | 10,049 | |||
| 29,520 | 24,861 | |||
| Other monetary assets | ||||
| Debtors | ||||
| Hall hire | 655 | 351 | ||
| 655 | 351 | |||
| Assetsfor charitys own use | ||||
| Freehold land and buildings | ||||
| Stanstead Road, Hoddesdon | 69,933 | 69,933 | ||
| Leasehold land and buildings | ||||
| Bushby Hall, Wormley | 45,498 | 45,498 | ||
| Total assets | 115,431 | 115,431 | ||
| Liabilities | ||||
| Independent examiners fee | 360 | 125 | ||
| Administration costs | 13 | |||
| Water | 259 | |||
| Total liabilities | 373 | 384 | ||
| Net assets | 145,233 | 140,259 | ||
| Reserves | ||||
| Restricted funds asset | 135,184 | 129,854 | ||
| Designated funds asset | 10,049 | 10,405 | ||
| Carried forward | 145,233 | 140,259 | ||
| Total reserves | 145,233 | 140,259 |
| 3) | Designated funds | Balance | Receipts | Transfers | Balance |
|---|---|---|---|---|---|
| 31/03/2022 | in year | in year | 31/03/2022 | ||
| The Peter Jackson Memorial Fund | 10,405 | 10,049 | (10,405) | 10,049 |