TREASURERS REPORT Accounts for the Year End 31 December 2024
Overall the year ended with a small profit of 2,102.
A significant increase of revenue has been noted during 2024, with Occasional Hirers up by ~60% and Regular Users up by ~44%. This coupled with a Donation from the Parish Council, fund-raising events and interest from the Bank we achieved a total revenue of £31,945 (up ~40% compared to 2023).
Given the steady increase of revenue over 2024, we have been able to continue to make further modernisations and improvements to the facilities. This included upgrading the toilets and replacing all the radiators within the main hall. 2025 will continue with further improvements that include some further radiator replacements, re-decoration of the main hall and new window blinds.
Energy bills are being closely monitored by regular meter readings to alert us to any abnormal usage.
A number of successful fund raising events were held including an Easter Egg hunt, Wine and Wisdom quiz, the Christmas lunch and the Children’s Christmas party.
Our hiring tariff was revised at the beginning of 2023. We continue to strive to make the rates for both our occasional hirers and regular users as competitive as possible. With the continuing growth of additional regular users together with signs that occasional hirers will be equally as strong we have decided to maintain these rates for 2025. A further review to be held after Q2, 2025 results.
Daily expenditure costs in 2024 averaged £81.54 compared with a daily average income of £87.28. This will be monitored each quarter during 2025.
| The Bank Statement at 31stDecember 2024 | reported: |
|---|---|
| Current account | £ 5,667.61 |
| Reserve account | £29,314.19 |
| Total | £34,981.80 |
Sean Wadhams Treasurer Bapchild & Tonge Village Hall Management Committee.
19 January 2024
BAPCHILD & TONGE VILLAGE HALL ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2024
- Receipts & Payments Account (General Purpose Fund)
| INCOME RECEIPTS Grants & Donations Insurance Claim Trading Activities Hiring Charges for Ocassional use Regular Users Fundraising Events Investment income Bank Interest TOTAL RECEIPTS DIRECT CHARITABLE EXPENDITURE Maintenance Electric & Gas expenditure Water charges Caretaker/Cleaners/Window cleaning Booking Office/Treasurer Insurance Cleaning mtls/waste disposal Telephone/Broadband Contracts(Fire Protect/Electrical/Licence fee/Bins/PRS) Refunds/deposits Miscellaneous Antony Room (decorator/flooring) Fundraising event costs TOTAL PAYMENTS Net receipts for the year Cash and bank balance at 31st December Cash and bank balance at 31.12.24 Cheques not presented for payment at 31.12.24 Working Capital at 31st December 2024 |
£ £ 750.00 - 750.00 13,366.17 15,362.50 2,059.50 30,788.17 407.63 407.63 31,945.80 9,927.60 4,260.44 1,156.73 4,116.50 2,425.00 908.72 1,098.52 491.26 1,320.70 2,719.40 332.77 1,085.56 29,843.20 2,102.60 34,981.00 34,981.80 - 34,981.80 2024 |
£ 422.00 1,135.00 |
£ 1,557.00 20,961.89 249.68 22,768.57 22,871.93 103.36 - 32,879.20 32,879.20 - 32,879.20 2023 |
|---|---|---|---|
| 8,316.50 10,649.49 1,995.90 |
|||
| 249.68 | |||
| 1,808.08 4,719.32 1,674.33 3,500.40 2,085.00 916.26 1,599.00 349.89 1,213.07 1,535.00 623.38 1,885.00 963.20 |
BAPCHILD & TONGE VILLAGE HALL
2. Statement of Assets & Liabilities at 31st December 2024
| 2. Statement of Assets & Liabilities at 31st December 2024 | |||
|---|---|---|---|
| Monetary Assets Bank & Cash balance Bank Business Reserve account TOTAL FOR GENERAL PURPOSES FUND, as above |
2024 £ 5,667.61 29,314.19 34,981.80 34,981.80 |
2023 £ 11,972.64 20,906.56 32,879.20 32,879.20 |
|
| 32,879.20 | |||
| Summary Working capital at 31 December 2023 Total Expenditure £ Total Income £ Balance at 31 December 2024 £ |
32,879.20 29,843.20 31,945.80 34,981.80 |
32,982.56 22,871.93 22,768.57 32,879.20 |
Permanent Endowment:
Land and buildings used by the Charity: The Village Hall (freehold title vested in name of Bapchild & Tonge Parish Councils)
Valerie Smith, Chairman
For and on behalf of the Management Committee