## **WOODMEAD HALLS, Lyme Regis** **Treasurers Report** - Financial Year April 1st 2022 to March 31st 2023 ## _Introduction_ The 2022/23 financial year was a continuation of the incremental improvements made in prior years. Specifically, this financial year signified the induction of a set of new Trustees to manage the Halls, taking over from longstanding outgoing Trustees. The new Committee would like to thank the outgoing Trustees for their commitment and support over the years. The Halls have returned to full health in terms of bookings, utilisation, and availability for the community. Fundraising activities improved during this financial year, focusing on building reserves in order to address improvements to the capital assets held by the Trustees. The organisation continues to improve in terms of sound financial and operational management. ## _Accounts for the Year Ending March 31st 2023_ Financially, Woodmead Halls continues to improve. This is represented by the following: - Bar receipts were £10,930 compared to £5,704 in the prior year. - Hire of hall receipts were £26,053, up from £20,693 the previous year. - Total income for the year was £64,123 compared to £41,325 in the previous year. - Total expenses came to £40,021 against £37,945 in the prior year. - At the end of the year we had a net current assets position of £120,374 compared to £89,940 the previous year. ## _Non-Financial Matters_ The next financial year will focus on continuing to improve the assets within the Halls and strengthening the Committee group. 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** ## **February 2024** 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 2023, 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 2023** |**BAR ACCOUNT**
Sales
Opening Stock
Purchases
Closing Stock
**GROSS PROFIT**
**OTHER INCOME**
Hire of Hall
Bank Interest
Bank Compensation
Contributions for Maintenance
Solar Panel Income
LRTC Public Service Agreement
**EXPENSES**
Telephone & Broadband
Wages & Honorarium
Insurance
Maintenance
Electricity
Gas
Water Rates
Performing Rights Society & Legal Fees
Printing & Postage
Professional Fees
Website, Internet and Advertising
Depreciation
Sundry Expenses
**EXCESS OF INCOME OVER EXEPNDITURE**|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**|10930
500
4981
(500)
4981
5949
26053
271
250
10500
8716
12384
58174
64123
826
11005
1240
12045
2134
1442
2410
468
135
300
261
7755
-
40021
24102
**2023**| |---|---|---| ## **WOODMEAD HALLS** ## **BALANCE SHEET** ## **AS AT 31 MARCH 2023** |**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 2022
Excess of Income Over Expenditure
**INTEREST FREE LOANS**
(Note 2)|250568
500
18139
738
65499
4848
1694
91418
1478
89940
340508
336613
3380
339993
515
340508
**2022**|500
52187
66495
-
2318
1147
122647
2273|244236

120374
364610
339993
24102
364095
515
364610
**2023**| |---|---|---|---| ## **WOODMEAD HALLS** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31 MARCH 2023** |**1. FIXED ASSETS**
At 1 April 2022
Additions in Year
At 31 March 2023
**DEPRECIATION**
At 1 April 2022
Charge in Year
At 31 March 2023
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2023|**Land &**
**Buildings**
404025
404025
158500
6138
164638
245525
239387|**Equipment**
**Total**
77251
481276
1423
1423
78674
482699
72208
230708
1617
7755
73825
238463
5043
250568
4849
244236| |---|---|---| 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