## **WOODMEAD HALLS, Lyme Regis** **Treasurers Report** - Financial Year April 1st 2021 to March 31st 2022 ## _Introduction_ As with all organisations, the Woodmead Halls has been severely affected by the Coronavirus for these past few years, but have moved into better times with a sound position of financial and operational governance. Before dealing with the financial matters, I would like to pay tribute to previous Trustees Jackie Hedley-Tuffs and John Broom, who sadly passed in December 2022 and January 2023. They were instrumental in the ongoing maintenance of the halls, well into their old age. Thank you for your hard work and commitment. ## _Accounts for the Year Ending March 31st 2022_ The year was a financially buoyant year compared to the previous year. This was impacted by the return to trading following the completion of Government restrictions: - Bar receipts were £5,704 compared to £768 in the prior year. - Hire of hall receipts were £20,693, up from £4,072 the previous year. - Total income for the year was £41,325 compared to £19,252 in the previous year. - Total expenses came to £37,945 against £39,988 in the prior year. - At the end of the year we had a net current assets position of £89,940 compared to £81,220 the previous year. ## _Non-Financial Matters_ The biggest issue facing the Management Committee is the need to elect new Trustees, being explored and achieved during the 2022-23 financial year. This will be covered in detail in the next annual report. I would like to thank the commitment of all involved with the halls, and wish every success for the ongoing operations. ## **Tim Bell** ## **Treasurer, Woodmead Halls Management Committee** ## **March 2023** WOODMEAD HALLS ACCOUNTS FOR THE YEAR ENDED IMAR **INDEPENDENT EXAMINERS REPORT** ## **TO THE TRUSTEES OF WOODMEAD HALLS** I report on the accounts of the Woodmead Halls, for the year ended 31 March 2022, which are set out on pages 2 to 4. ## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER** The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011Act) and that an independent examination is required. It is my responsibility to examine the accounts under section 145 of the 2011 Act; to follow the procedures laid down in the general directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention. The charity is preparing accrued accounts and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants. ## **BASIS OF INDEPENDENT EXAMINERS REPORT** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently, I do not express an audit opinion on the view given by the accounts. ## **INDEPENDENT EXAMINERS STATEMENT** In connection with my examination, no matter has come to my attention: 1. Which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act. have not been met; or 2. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. **V Trott FCCA TCAS Limited Chartered Certified Accountants 2 Victoria Hall Coombe Lane Axminster Devon EX13 5AX** **WOODMEAD HALLS** ## **INCOME & EXPENDITURE ACCOUNT** ## **FOR THE YEAR ENDED 31 MARCH 2022** |**BAR ACCOUNT**
Sales
Opening Stock
Purchases
Closing Stock
**GROSS PROFIT**
**OTHER INCOME**
Hire of Hall
Bank Interest
Solar Panel Income
LRTC Public Service Agreement
**EXPENSES**
Telephone & Broadband
Wages & Honorarium
Insurance
Maintenance
Electricity
Gas
Water Rates
Performing Rights Society & Legal Fees
Professional Fees
Domain Name, Website & Internet
Depreciation
Sundry Expenses
**EXCESS OF INCOME OVER EXEPNDITURE**|768
1880
(980)
900
(132)
4072
4
7223
8085
19384
19252
924
12285
1102
10293
2220
921
1518
1085
302
889
7819
630
39988
(20736)
**2021**|5704
980
2477
(500)
2957
2747
20693
438
7507
9940
38578
41325
1104
11340
1174
7308
1798
1879
2542
745
330
1420
7976
330
37945
3380
**2022**| |---|---|---| ## **WOODMEAD HALLS** ## **BALANCE SHEET** ## **AS AT 31 MARCH 2022** |**FIXED ASSETS**
(Note 1)
**CURRENT ASSETS**
Bar Stock
Bank Balances
- Current Account
Bonus Saver Accounts
Nationwide
Debtors
Prepayments
**CURRENT LIABILITIES**
Creditors
**NET CURRENT ASSETS**
**NET ASSETS**
**FINANCED BY**
**CAPITAL ACCOUNT**
At 1 April 2021
Excess of Income Over Expenditure
**INTEREST FREE LOANS**
(Note 2)|255908
980
12101
738
65061
2485
1662
83027
1807
81220
337128
357349
(20736)
336613
515
337128
**2021**|500
18139
738
65499
4848
1694
91418
1478|250568
89940
340508
336613
3380
339993
515
340508
**2022**| |---|---|---|---| ## **WOODMEAD HALLS** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 MARCH 2022** |**1. FIXED ASSETS**
At 1 April 2021
Additions in Year
At 31 March 2022
**DEPRECIATION**
At 1 April 2021
Charge in Year
At 31 March 2022
**NET BOOK VALUE**
At 31 March 2021
At 31 March 2022|**Land &**
**Buildings**
404025
404025
152205
6295
158500
251820
245525|**Equipment**
**Total**
74615
478640
2636
2636
77251
481276
70527
222732
1681
7976
72208
230708
4088
255908
5043
250568| |---|---|---| The rates of depreciation used have been calculated in order to write off the cost of the assets over their estimated useful lives. The rates used on a reducing balance basis are: Building 2 .5 % per annum Equipment 25% per annum ## **2. INTEREST FREE LOANS** Repayments are to be made at the Management Committees discretion