THORNEY VILLAGE HALL
(Charity number 277846)
ANNUAL REPORT and FINANCIAL STATEMENTS for year ended 31st DECEMBER 2023
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THORNEY VILLAGE HALL (Registered Charity No. 277846) TRUSTEE'S ANNUAL REPORT for the year ended 31st DECEMBER 2023
The Charity Trustees present their Report for the period 1st January 2023 to 31st December 2023.
The Thorney Village Hall is registered with the Charity Commission number 277846 and was established in 1981.
The Charity is administered by a Management Committee comprising:-
| Chair: | M Cowdell |
|---|---|
| Vice Chair: | S Winwright |
| Secretary | B Coates |
| Treasurer: | M Coates |
| Members: | J Shearman |
| W Van Dreissche | |
| S Reeves | |
| C Beighton | |
| B Parker | |
| M Marraner |
Objects, Organisation and Activities
The object of the Charity is to maintain the Bedford Hall and to improve the conditions of life for the inhabitants of Thorney, Peterborough.
This is to be achieved by advancing education, providing recreation and leisure facilities and promoting charitable purposes. The Management Committee aims to provide facilities at an affordable cost to voluntary and community organisations serving the community as well as local residents.
The Association relies primarily on voluntary help.
Review of Progress and Achievements
This year has been a successful one for the charity in respect of financial stability and also in putting more structure to the work completed by the charity. You will see from the financial report that the money that the charity has in reserves have increased to a position which is more stable. This is thanks to the work completed by our employees in ensuring that we have bookings, we have increased the number of regular bookings that we have through the week and our bookings at weekends for weddings and family events has increased. We have also managed to run a number of successful community events which has added extra income to the financial situation as well as giving some members of the community who haven’t previously seen the hall, the chance to see it and know that it can be hired for the family events.
Behind the scenes with the management committee, we have worked on developing an action plan that can be implemented in 2024 and part of that action plan is to set up some smaller working groups that can then report back to the main management committee. We are also working on a 3- 5 year strategy document which will help to direct the work that the charity is doing and this will hopefully be ready to launch at end of 2024/beginning of 2025.
We have had conversations with the local authority regarding the lease of the building and trying to get a clearer lease that gives understanding of who is responsible for repairs and maintenance and what processes need to be followed. This clarity will help to inform our strategy as we move forwards. The conversations have continued into 2024 and we await to see what the outcomes of these discussions will bring.
There have been some stumbling blocks along the way and as the charity is mainly directed by volunteers, this is understandable and the trustees will continue to work hard into 2024 and beyond to ensure that Bedford Hall continues to have financial stability and is the community hub for the village.
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Finances
The Association's Bankers are Virgin Money
The Independent Examiner is Welbourne & Co, 16 Birch Grove, Elm, Coldham, PE14 0AP
On behalf of the Managing Trustees June 2024
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Thorney Village Hall
(Registered Charity no. 277846)
RECEIPTS and PAYMENTS ACCOUNTS
for the year ended 31 December 2023
| 31 December 22 All Funds 3187.00 3187.00 16950.61 18572.20 35522.81 1417.72 1417.72 10.25 10.25 40137.78 Bar takings TOTAL INCOME Bank Interest Investment Income Total Fund Raising Fund Raising Total Investment Income Operating Activities to generate Total Charitable Objects funds Hire Charges INCOME RECEIPTS Charity Objects Operating Activities to further Total Donated Income Grants receipts Donations, Legacies and Other similar |
General Restricted Total Fund Fund 300.00 0.00 300.00 300.00 0.00 300.00 31598.50 0.00 31598.50 35415.25 0.00 35415.25 67013.75 0.00 67013.75 2383.06 0.00 2383.06 2383.06 0.00 2383.06 0.00 0.00 0.00 0.00 0.00 0.00 69696.81 0.00 69696.81 31 December 2023 |
General Restricted Total Fund Fund 300.00 0.00 300.00 300.00 0.00 300.00 31598.50 0.00 31598.50 35415.25 0.00 35415.25 67013.75 0.00 67013.75 2383.06 0.00 2383.06 2383.06 0.00 2383.06 0.00 0.00 0.00 0.00 0.00 0.00 69696.81 0.00 69696.81 31 December 2023 |
|---|---|---|
| 300.00 31598.50 35415.25 |
||
| 67013.75 2383.06 |
||
| 2383.06 0.00 |
||
| 0.00 | ||
| 69696.81 |
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THORNEY VILLAGE HALL
(Registered Charity no. 277846)
RECEIPTS and PAYMENTS ACCOUNTS
for the year ended 31 December 2023
| 31 Dec 2022 All Funds 0.00 10986.95 9443.43 1016.74 5826.76 6262.91 108.00 1579.75 1876.87 461.33 3926.82 425.00 266.18 62.56 42243.30 42243.30 -2105.52 9822.81 7717.29 PAYMENTS Payment to generate funds Fund Raising Charitable Activities Wages (Incl HMRC) Bar Supplies BT/Phone Gas Electric Water Brought forward 1 January 2023 Cash Funds c/fwd 31 December 2023 TOTAL EXPENDITURE Net of Receipts / Payments Hall Maintenance Waste Management Insurance Sundries Total charitable objects Licences Refund of Hire Charges Website/IT |
General Restricted Fund Fund 253.99 0.00 10378.80 0.00 16370.17 0.00 918.18 0.00 4589.42 0.00 5192.78 0.00 584.00 0.00 1735.78 0.00 2084.44 0.00 515.13 0.00 215.00 0.00 630.00 0.00 90.75 0.00 1378.22 0.00 44682.67 0.00 44936.66 0.00 24760.15 0.00 7717.29 0.00 32477.44 0.00 31 Dec 2023 |
Total 253.99 10378.80 16370.17 918.18 4589.42 5192.78 584.00 1735.78 2084.44 515.13 215.00 630.00 90.75 1378.22 44682.67 44936.66 |
|---|---|---|
| 24760.15 7717.29 32477.44 |
All the Charity's operations are classed as continued. Movements on reserves and all recognised gains and losses are shown above.
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THORNEY VILLAGE HALL (Charity Number 277846) STATEMENT OF ASSETS AND LIABILITIES at end of year as at 31 December 2023
| 31 Dec 22 | 31 December 2023 | |
|---|---|---|
| CASH FUNDS | ||
| 7075.59 | Current Account | 31988.05 |
| 641.70 | Cash in Hand | 489.39 |
| 7717.29 | TOTAL CASH FUNDS | 32477.44 |
| STOCK | ||
| Bar Stock | 2994.36 | |
| Cleaning Maintenance Stock | 60.00 | |
| -------------------- | ||
| TOTAL STOCK | 3054.36 | |
| Liabilities | ||
| 0.00 | Liabilities due within one year | 0.00 |
We approve these accounts and confirm that we have made available all relevant records and information for their preparation.
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Chair Treasurer
Date 29th June 2024
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