## **WOODMEAD HALLS, Lyme Regis** **Treasurers Report** - Financial Year April 1st 2024 to March 31st 2025 ## _Introduction_ The 2024/25 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. There has been a particular improvement to the facilities with investment in solar and battery at the halls, and this will help with sustainable operations in the future. ## _Accounts for the Year Ending March 31st 2025_ The financial year has been stable year-on-year, with minor changes to grant income impacting net expenditure: - Bar receipts were £8,644 compared to £10,405 in the prior year. - Hire of hall receipts were £18,066, down from £26,750 the previous year. - Total income for the year was £48,259 compared to £49,669 in the previous year (noting that grant income of £9,082 received in 2024/25). - Total expenses came to £33,827 against £36,693 in the prior year. - At the end of the year, we had a net current assets position of £146,877 compared to £149,364 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 2026** INDEP NDENT XAMINERS REPORT TO THE TRUSTEES OF WOODMEAD HAILS I report on the accounls of the Woodmeod Hol55. low the year ended 31 March 2025. which are sel ovl on paaes ? 10 4. RESPECTIVE RESPONSIBILITIES F TRUSTEES AND EXAMINER The charily's Iwslees ore responsible for Ihe preparation of Ihe occounls. The chority's Ifuslees consider Ihol an ovdil is not required for Ihis yeor under section 144121 of the Chaiilies Act 2011 Ilhe 201 l Acll and thol an independent exominolion is required. 11 is my responsibilily lo examine the accounts under section 145 of the 2011 Act.. to follow Ihe procedures laid down in the generol directions given by Ihe Chorily Commissioners under section 14515llbl of Ihe 2011 Act.. cnd lo slate whether porticuloi matters hove come lo my ottenlion. The choftty is preparing accrued occounls ond l om quolified to undertake the examination by being a quolilied member of Ihe Association ol Chartered Certified Accounlonts. OF NDEPENDENT XAMINe RE ORT My examination was carried oul in QCCOTdonce wilh the Generol Direclion5 given by the Chorily Commission. An exominolion includes o review of the occounsing records kepl by the charity and o cornparison ol the accounts presented with Ihose records. 110150 includes considerotion of ony unusuol items or disclosures in the accounts. and seeking explonolions Irom you as Iruslee5 concerning ony such mollers. The procedures undertaken do nol provide oll the evidence that would be required in on audil. ond conseqvently. I do not express on oudil opinion on the view given by Ihe accovnls. IN EPEN ENT EXAMINERS STATEMENT In connection wilh my examinolion. no matler has come lo my altenlion.. l. Which gives me reosonoble couse to believe thal in any material respect Ihe requirements: - lo keep occounling records in occordonce wilh seclion 130 of the 2011 Acl; ond to prepare occounls which accord with the accovnling records and lo comply with the accounting requirements of the 2011 Act. have nol been met: or 2. To which. in my opinion, attention should be drown in order to enoble o Pfoper undeTslanding of the accounls to be reoched. V Trott FCCA TCAS Limlled Chartered Certilled Accountants 2 Vlctorfa Hall Coombe Lane Axminster Devon EX13 SAX 5oia5 10405 8644 0￿￿nIng Slocl PLrchoies Ck)sing Slock 2238 1121 (5CX)I 2238 8167 7523 Hire ot Holl onk InT￿e$l 8ank Compensation D￿Se1 Council - Solar Panel Granl Solor Panel Income LRIC Public Service Agreement 26750 1033 18066 1696 9(%92 12311 7104 8128 13758 49669 57836 48259 55782 Telephone & 8roadt>ond Woges & Honorarium InsLffonce MQinlenonce Electricity 621 75(X) 1302 10228 1321 7910 3969 814 2398 966 2887 921 Woler Rote5 Pwfcyrning Rights Society & Legal Fees Prinling & Poslage Professionol Fees website. Intefnel and Advertising Deryeciotion 352 552 7417 77 378 215 7702 36693 21143 33827 21955 WOODMEAD HALLS BALANCE SHEET AS AT 31 MARCH 2025 2024 2025 FIXED ASSETS (Note I I 237697 261727 CURRENT ASSETS Bar Slock Bank Balances Current Account Bonus Saver Account5 Debtors Prepayments 500 21117 120528 6067 1152 149364 500 19782 122223 3078 1294 146877 CURRENT LIABILITIES Creditors 1308 896 NET CURRENT ASSETS 148056 145981 NET ASSETS 385753 407708 FINANCED BY CAPITAL ACCOUNT At l April 2024 Excess of Income Over Expenditure 364095 21143 385238 385238 21955 407193 INTEREST FREE LOANS (Note 2) 515 515 385753 407708 WOODMEAD HALLS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Land & Buildin ment Total I. FIXED ASSETS At l April 2024 Additions in Year 404025 31732 79552 483577 31732 At 31 March 2025 435757 79552 515309 DEPRECIATION At l April 2024 Charge in Year 170623 6628 75257 1074 245880 7702 At 31 March 2025 177251 76331 253582 NET BOOK VALUE At 31 March 2024 233402 4295 237697 At 31 March 2025 258506 3221 261727 The rates of depreciation used have been calculated in order to write off the cosl of the assets over their estimoted useful lives. The rates used on a reducing balance basis are". Building Equipment 2.5 fo per annum 25% per annum 2. INTEREST FREE LOANS Repayments are to be made at the Management Committees discretion