Financial Report 2023 - 2024
The financial year ended on 31st October 2024 and at that point, we had in our two bank accounts a total of £17,694.58. This was a surplus of £3,511.16 from previous year end total. However, we had just taken receipt of the LED lighting grant, £3355.00 and therefore the true end of year figure was a deficit of £156.16 .
Our total income from the hirers was £15,281.66 , last year income was £15,495.17 and therefore this is an decrease of £213.51 . We did have an increase in income from parties and events from 22 to 29 parties throughout the year, but a drop in income from the regular hirers.
Our regular expenditure for 2023/2024 was £15609.62 , which is an increase of £2,089.36 from last year figure of £13,520.26. This expenditure includes gas, electricity, water, cleaning, general maintenance, insurance, music licence, warden’s salary and WiFi/phone. There has been a significant increase in gas and electricity this year, as we came off our fixed deal in 2023. The gas increased by £715.12 and the electricity £1,444.62, for the year. There was also an increase in cost for our general maintenance and this was as a result of several call outs from the plumbers in relation to our drainage and heating systems.
In addition to general maintenance, we received the grant from Test Valley Borough Council in this financial year of £5075 and this was paid to Outlook Windows who installed them. We also paid out this year for the removal of the large tree in the community garden.
In addition, owing to rising interest saving rates, this year we received £565.73 in interest from our CCLA account. This is a significant increase on previous years.
This year we also received a number of generous donations from different groups and organisations. We kindly received £123.37 from Viewfinders from their fundraising event and £146.02 from Out there running from their running event. We received £323.00 from Horticultural Society for their plant sale. We also were kindly considered by Parish Council when they were discussing a Resilient project for the local community. The Parish Council applied for a Tesla Powerwall to be installed in the hall. This installation did not cost the hall anything and the Parish Council was able to claim back the VAT on the work. This enabled the Jubilee Hall to received an additional £3355, which we have used to install LED lighting in the hall.
We would therefore like to thank all these organisations and the local community on their support and thinking of us, when deciding on a charity to donate to.
As we look forward to next year, our income will be affected by the loss of Preschool. We currently have three new regular hirers, who have taken up available slots, however we would need another 10 hours of regular hirers each week, to take us to where we were with Preschool income. Hopefully over time, these available slots will be taken.
Overall, the end of year figures showed that we more or less we broke even for the year, with a deficit of £156.16, however a number of projects were carried out and hall’s general maintenance and upkeep was maintained and therefore it was a successful year.
Joanne Whyton Treasurer
09.01.25
| MICHELMERSH AND TIMSBURY JUBILEE HALL | MICHELMERSH AND TIMSBURY JUBILEE HALL | MICHELMERSH AND TIMSBURY JUBILEE HALL | MICHELMERSH AND TIMSBURY JUBILEE HALL | MICHELMERSH AND TIMSBURY JUBILEE HALL | |
|---|---|---|---|---|---|
| MANAGEMENT COMMITTEE | |||||
| Registered Charity no 287890 | |||||
| Receipts & Payments Account for the period 1.11.23 - 31.10.24 | |||||
| 1.11.23 - 31.10.24 |
1.11.22 - 31.10.23 |
||||
| Receipts | |||||
| Hiring charges | 15282 | 15495 | |||
| Events | 0 | 0 | |||
| Donations | 642 | 2090 | |||
| Grants | 8430 | 0 | |||
| Refund electricity | 1387 | 1059 | |||
| Refund | 0 | 4090 | |||
| Interest CCLA | 566 | 407 | |||
| Deposits | 887 | 990 | |||
| TOTAL | 27194 | 27194 | 24131 | 24131 | |
| Payments | |||||
| Salary | 5400 | 5400 | |||
| Electric | 3837 | 2064 | |||
| Gas | 1672 | 957 | |||
| Events | 0 | 0 | |||
| Maintance | 9317 | 12093 | |||
| cleaning | 233 | 262 | |||
| Water | 636 | 649 | |||
| Insurance | 1001 | 1070 | |||
| Admin/PRS | 187 | 1506 | |||
| Refunds | 41 | 152 | |||
| Returned deposits | 650 | 990 | |||
| Misc | 24 | 113 | |||
| Wifi and phone | 684 | 542 | |||
| TOTAL | 23682 | 23682 | 25798 | 25798 | |
| Surplus for year | 3512 | -1667 | |||
| BANK BALANCES | |||||
| 31.10.24 | 31.10.23 | ||||
| CCLA | 11444.71 | 10878.98 | 565.73 | ||
| TSB | 6249.87 | 3304.44 | 2,945.43 | ||
| TOTAL | 17694.58 | 14183.42 | |||
| Surplus | 3511.16 | ||||
| 1. Currently holding £286.50 deposits | |||||
1
(HARITY COMMISSION FOR ENGIAND ANO WALES Independent examiner's report on the accounts S•ctlon A Independ•nt Exomlner'• Rfrport Report to the trustè$ The Michelmersh and Timsbury Jubilee Hall Management Commrttee On accounts for the year ended 31 October 2024 Charlty no Irf any) 287890 Set out on page 1 attached I report to th¢ Iruslees on my examination of the accounts of the above charity I'lhe Trust.) for the year &nded 31 October 2024. Responsibilities and basls of roport As the charity's Iruslees, you are reSnSIble for the preparation of the accounts in accordance with the requirements of the Charrties Act 2011 1.the A1. I report in iespect of my examinion of the Trust's accounts carried out under section 145 ofthe 2011 Act and in ¢arrying out my examinab"on, I have followed all the applicabl& Dir$¢tsons 9iven by the Charity Commission under section 14515llbl of the Ad. Independent I have completed my examination. I confimi that no material matters have examinefs statement come lo my attention in connection with the examination lolher than that disclosed below) which gives me cause to believe that in. any matsrial respect". the accounting records were r¢ol kept in accrxdarKe wrth section 130 of the Charities Act.. or the accounts did not accord wth the accounting records.. or the accounts did not cornply wi(h the applicable requirements concerning the form and content of accounts set out in the Charibes (Accounts and Report51 Regulations 2008 other than any requirement that the a¢¢oLJnts give a Irue and fair, view which is not a matter considered as part of an independent examination. I have no COnrS and have come across no other matters in connecti with the examination to which allenlio7n should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. ' Please delele the words in the brackets rfthey do not apply. Slgned: Date: 5 June 2025 Name: Alex Gardner R81gv8nt professlonal quallficationlsl or body Ilf any): Chartoied Institute of Taxation Addro¥$: Crispins, Manor Farm Lan&. Micholmer8h, Romsey. S051 ONT IER Oct 2018
Section B Disclosure Only ccffiplele if the examiner needs to hKJniigni matenal mters of concem (see CC32, IndeFendenl examination of charty accounts." directions and guKlaTr for examiners). GSve her• brff d•taSls of •ny Items that the examiner wi¥he8 to di$¢lo$e. None IER Oct 2018