North Ferriby Village Hall Trust- Trustees Report Annual Accounts for Year End 31st March 2024 This report covers the period I. April 2023 to 31" March 2024 and references the Financial Staternents. We have had a very successful year making a profit of £7,603 and finishing the year with a healthy bank balance. During the year we did successfully address the 4 key actions identified in last year's AGM report. That is: l. Find the next tenant for our rental premises 2. Continue to increase Village Hall usage 3. Maintain the successful Events Programme 4. Secure grants and donations to fund further improvements. Even so cost inflation coupled with Hall under use means we still had a deficit of £5,118 on the General Running Account. Despite increasing usage we still have a number of unused slots in the Main Hall weekly programme and the Priory Room is often empty. Wage and fuel inflation means costs will increase further and usage continues to be an issue that must be addressed to secure the Hall long term financial future. However, we did run a very successful fund raising Events programme. The combination of the 100 club, Ferriby Screen, Ferriby Live and Markets programme generated a total profit £21,748. The volunteers who organise and man these events are amazing and their efforts underpin the Hall's financial resilience. In addition we were successful in our applications for a number of grants and were awarded a total of £45.223. The vast majority of this came from the UK Shared Prosperity Fund for 2 projects". l. Stage Lighting, Curtains and Flooring Upgrade - £32, 000 2. A fully reimbursed Feasibility Study defining options to reduce energi costs and modernise Hall facilities- £11,820 Both projects were completed in the financial year. The Stage upgrade project cost a total of £43,113 and required us to spend more than £11,000 of our own funds. We now have a theatre class Stage which, when coupled with our high
quality auditorium, means we can achieve our ambition of attracting professional drama companies. The feasibility study identified a series of options to reduce energy consumption and modernise the Hall facilities. It defines a programme of signifi'cant improvements that could secure the long term future of the Hall. However, the improvements require large scale grant funding for major expenditure going far beyond our normal fund raising capability. We thank all the individuals and organisations who have supported our activities and made all these very generous donations. In total they have allowed the Trustees to make significant investments to improve the Hall. Our Financial Polioi requires us to maintain cash reserves equivalent to 6 months general running account expenditure. This is equivalent to £19,000 for the next financial year. l am pleased to report that our net current assets now stsnd at nearly £30.000 which leaves a surplus of £ll,(X)O to invest in Hall improvements. Our financial priorities for the next financial year are: l. Further increase Village Hall usage 2. Maintain income from Events Programme whilst introducing live drama 3. Invest surplus funds to improve Hall facilities. 4. Secure grants and donations to fund further improvements. The accounts presented have been prepared on a "receipts and payments" basis as recommended by the Charities Commission and have been independently examined by Andrew Chaikin
Regist¢red Charity No: 2239Y18 Unaudited Financial Statements For the Year Ended 31 March 2024 for Nortb FeIbY Village Hall Trust
NoTth FernY Village Hall Trust Regirfered Charity No.. 223908 Contents of the Finan¢i41 St4tements For the Yew Ended 31 March 2024 Gen¢rnl Infom)ation Indepdent Fx8miners' iiewt ID¢om¢ and Exp¢ndityr¢ Ac¢oun¢ Balance She
North Furiby VaIage Hail TT[t Regere atarity Tr10: 223908 FOT the Ye4r Ended 31 Mw¢h 2024 Village H1 Church Road Ferriby East Yorkshire Independent Examiner. Andrew Chaikin Pupils, End Cbll Road North Ferriby Independent examiDers report to The Ferriby Village Hall Trust I report to th¢ Trusiees on niy examination of the accounts of North FeIbY Villag¢ Hall Trus( for the year ended 3151 March 2024 Respon8ibilities and basis of report As thc charity trusttts of the T$¢, you are responsThi le for the preparation of the a¢counts in accordance with the Charities A 2011 (the act). I report in respect of my examination of the Trusts CoUnts carri under sertion 145 of th¢ 2011 A¢t ond in caThyin8 Out my examination I have followed all applithle Dire¢iions given by the Charity Commission under section 145(5Xb) of the ACL Independent Examiners statement I have completed my cxaminatson. I confirn] that no ma1•1 matters have ¢ome to my attention in c¢)nn¢¢tton with the examinan'on giving me cause to believe that in any material r¢$pect'. Accounting records were not kept in respect of the Trust as required by section 130 of the Act.. or 2. The ac¢ourts do not ac£ord wlth those rec(Yds. I have no Conce1$ and have come across other malters in connethion with the examination to whi¢h attentTon should be drawn in this rem w enable a proper undetsdmg of the acclxmts to be reached. Andrew Chaikiti Indedent Examiner 7cZI* Trustees Certificate of Approval: Auth0ri5ed to sign for )d on behalf of the Trnstees to certify approval of these ac¢outtts a5 per minutes of a Tneettng of the Tn h¢ld on Gareth James Honorary Tre&sur
Morth Ferrily4WrtlageHallTSI sTrredCharityNo.2r Ie arKJ&IreACcrMJm ForiheYearEThJed 31 Maich 2024 2023 In¢omw. GenoralRuMlngAeew Lettin8S Garage Rents OmceRent 21719 16787 2278 4810 lty) Club Donations Funira151ng Ferrtty5creen Funoraising FwrttyLfve&MarkWS Gran15 Ban ifflere Glfthjd 3470 1>215 4916 5254 Is 1198 T0ialln¢M Exp•ndllur& ner3lRunnIkC0I Wage5 Telephone. Iniernei &Pr¢¢ RepaSrs &RewaLs Cleanlng SundryEypense$ Bu$lness Rat5 &ReAtr WaTprRaies IuranCe ie661 513 2935 1141 712 1417 2786 1746 1819 1148 Eilctrfety Aoyallles&Ucenges ITSoftware 8ank&ZettieFee5 ioi 19 1559 FundraInEC0Sts- Ferrftysue FundralslngCost$- Lfve&Markets OtherFuth1raisinÉc05ts Feasibiiiiy51uty External Repalrs Maln Hailage uw EovitxnentPurchased IOOClubcosts 1188 10238 147 431 1327 1185 2J743 TotalENpenthlwe 105374
North FerrlbyV411age HallTrust Reglstered Charity No. 2239)8 Balancè Sheotas at31st Marth 2024 313.24 31.3.23 CURRENT ASSUS Cash Float Deposit Account Cufrent Account 3) 20913 IiYJ78 17250 TOTAL ASSEF5 31291 23548 CURRENT LIABILMES Refundable Deposlls 1510 1370 NET TofALASSETS 29781 2Z178 FINANCED BY CAPITALAccoINr 8alafi¢e 8rou8htFrnrd 22178 6737 Excess ol Income over Expenditure 7f4J3 15441 TOTAL ASSEIS 22178