## **WOODMEAD HALLS, Lyme Regis** **Treasurers Report** - Financial Year April 1st 2023 to March 31st 2024 ## _Introduction_ The 2023/24 financial year represented a continuation of the improvements being made by the Committee, returning to financial stability. There have been significant investments made by the Committee and Trustees in their roles to manage the Halls, and thanks to current and former Trustees are extended with sincere gratitude. Operationally, Hall Hire has been stable year-on-year, with a strict management of expenses throughout the financial year. Contributions for Maintenance income has comparatively been down, and this should be a focus area in terms of Grant Income for the 2024/25 financial year to facilitate both capital and revenue improvements to the hall. ## _Accounts for the Year Ending March 31st 2024_ The financial year has been stable year-on-year, with minor changes to grant income impacting net expenditure: - Bar receipts were £10,405 compared to £10,930 in the prior year. - Hire of hall receipts were £26,750, up from £26,053 the previous year. - Total income for the year was £49,669 compared to £58,174 in the previous year (noting that Contributions for Maintenance of £10,500 were received in 2023 compared to £0 in 2024). - Total expenses came to £36,693 against £40,021 in the prior year. - At the end of the year, we had a net current assets position of £148,056 compared to £120,374 the previous year. ## _Non-Financial Matters_ The next financial year will focus on developing and delivering capital and revenue projects at the Halls, and generating funding in order to deliver these improvements. 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 2025** WOODMEAD HALLS ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Scanned wlth cs '.15 Camscannerf,. DEPENDENT EXAMINERS REPORT TRUSTEES OF WOODMEA HALLS I reF)Ort on the occounls ol the Woodmead Hons. lor the Ye￿ ended 31 M(Kch >)24. which ore sel oul on pages 2 10 4. ES VE RESPONSIBIUTIE OF IRUSTEES AND EXAMINE The choriws InJslees are respon%Ue for the rxeparalion ol Ihe occoun15. The chorivs tru5tee5 consider Ihol on ovdil 15 nol required lor this year vnder section 144121 ol Ihe Charilies Acl Xsl I Ilhe 2011 Acll ond Ihal an independent exominolion is requKed. 11 is my responsibility lo exam1r￿ Ihe occcxjnls under ￿l￿)n 145 01 the J)1 l Act: lo lollow the procedures loid down in the general direclions given by the Chority CommiMioners under Section 14515llbl ol Ihe 201 I Act: and lo slate whelher porticular motters have come lo my ollenlion. The chority 15 p￿F)ann9 occrued accounts ond l om wjlified to undertake Ihe exominalion by being o quolified member of Ihe Associolion ol Chortered Cetlified ACC￿nIon1$. BASI F INDEPENDE EXAMINE OftT My examinolion wos carried out in occordonce wlh the Generol Directions given by Ihe Chority Commission. An examination includes o review of Ihe occounting records kept by the chority ond a comporison ol the occovn15 presented with Ihose records. 11 olso include5 conyderation ol ony unusual ilems or disclosures in Ihe accovnts. and seeknng explorKJtions from you as Iruslee5 conceming ony svch mollers. Ihe procedures vndertoken do not provide oll the evidence thol would be reqvired in on oudil. ond consequenljy. I do not extyess an ourfrt oprion on the view given by the acc¢xJnts. NDEPENDENT EXAMINERS STATEMENT In conneclion wilh my examinalion. no moller hos come lo my ottenlion: l. Which gives me re¢Jsonable covse to beleve thot Trn ony moteriol respect the reqviremenl5: - lo keep occovnling records in accordance wlh section IXI of the XJI l Act: or)d lo prepore accounts which accord Ihe occounting records ond lo comth wlh the accounling reqviremenls ol the 2011 Acl. hove not been mel.. or 2. To which. in my opinion. ottenlion be drown in order lo enable a Fwer understanding of the occovnls lo be reached. V Trott FCCA TCAS Umlted Chartered Cerllffed Accounlants 2 Vlclowla Hall Coombe Lane Axmlnster Devon EX13 SAX Scanned wlth cs '.15 Camscannerf,. WOODMEAD HAI INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 202 2023 2024 BAR ACCOUNT Sale5 10930 10405 Opening Stock Purchoses Closing Slock 5CKJ 2238 15((Ji 4981 15WI 4981 2238 GROSS PROFIT 5949 8167 OTHER INC Hire of Hall Bank Inleresl Bank Compensation Contributions for Maintenance Solar Panel Income LRTC Public Service Agreement 26750 1033 271 8716 12384 8128 13758 $8174 64123 49669 57836 EXPENSES Telephone & Broodband Wages & Honororium Insurance Moinlenance ectricity Gas Woter Rales Perf¢Nming Righls Society & Legal Fees Printing & Postage Profes5ionol Fee5 Website. Internel and Advertising Deprecialion Sundry Expenses 826 I IC05 1240 483 75CQ 10228 2134 1442 2410 966 2887 921 135 352 552 7417 77 261 7755 36693 21143 EXCESS F INCOME OVER EXEPNDIIU 24102 Scanned wlth cs '.15 Camscannerf,. WOODMEAD HAILS BAIANCE SHEET AS AT 31 MARCH 2024 2023 2024 FIXED ASSETS (Note l ) 244236 237697 CURRENT ASSETS Bor Slock Bank Balonces - Currenl Accounl Bonus Saver Accounls Debtors Prepayments 52187 66495 2318 1147 122647 21117 120528 6067 1152 149364 CURRENT LIABILITIES Creditor5 2273 NE[ CURRENT ASSETS 120374 148056 NET ASSETS 364610 385753 FINANCED BY CAPITAL ACCOUNT At l April 2023 Excess of Income Over Expenditure 339993 24102 364095 364095 21143 385238 INTEREST FREE LOANS (Nole 2) 515 515 364610 385753 Scanned wlth cs '.15 Camscannerf,. WOODMEAD HALLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Land & Bulldln Total I. FIXED ASSETS Al l April 2023 Additions in Year 78674 878 482699 878 At 31 March 2024 404025 79552 483577 DEPRECIATION At l April 2023 Chorge in Year 164638 5985 73925 1432 238463 7417 Al 31 Morch 2024 170623 75257 245880 NET BOOK VALUE At 31 March 2023 239387 4849 244236 Al 31 Morch 2024 233402 4295 237697 The rate5 of depreciolion used have been calculated in order to write off the cosl of the assels over their eslimoted useful lives. The rales used on a reducing bolonce basis ore: Building Equipmenl 2.5 % per annum 25% per annum 2. INTEREST FREE LOANS Repaymenls are to be made ol the Management Commimees discretion Scanned wlth cs '.15 Camscannerf,.