Treasurers Report
- 2024 2025
The last financial year has seen overall running costs increase, with electricity prices increasing significantly. As we were at the end of a tariff with Scottish Power, they offered a competitive deal so we entered into a new fixed tariff which lasts until June 2027. Due to rising heating costs and roof leaks, the committee room was seldom used and it was agreed that a warm roof was needed. We applied for a National Lottery grant to cover the cost of replacing the committee room and kitchen roof and the grant was awarded for £14,943.00, and work commenced in September and was completed in October.
The Hall had a 5 year electrical inspection carried out, which found no C2 (repairs needed) and some C3 (repairs advised). A fire alarm inspection indicated that the alarm system was no longer fit for purpose and needed replacing. It was recommended that we also have a Fire Risk Assessment which was carried out in December. The assessors report covered some of the C3 items highlighted in the electrical report previously, and made recommendations which the committee approved and is currently underway at the time of this report.
Banking, Lloyds have started to charge a fee for day to day banking of £4.25 per month (discounted by 50% first year,) and also making charges on cash deposits or cash exchanges on the Bar account. The separate Hall bank account, being a Charity, is still free in all respects.
The Hall continues to be profitable. The Halls main income coming from the fortnightly Bingo, Hall Hires and from the ABBA evening, and special events such as quiz nights.
The Hall started the financial year with £11,338.40
Income
The Hall received a total of £34,955. This total includes donations of £2,851 (bar / other), £10,360 (bingo), £2,501 (hall hires), £4,100 (ABBA), £14,943 (Lottery) and the remainder as small donations
Expenditure
Outgoings were £28,517 with the roof replacement being the biggest expense.
Profit and Loss
Net profit of £6,438
Reserves
The Hall closed the year with a cash balance of £17,172.54
Accounting
Luke Bewes audited both accounts and found no issues
_Terry Fairbrother___ Terry Fairbrother Village Hall Treasurer
FINANCIAL STATEMENT
Yarnscombe Village Hall
Bank Balance as at 31.03.2025: £17,172.54
Income
| Hall Hire | 12,861 | |
|---|---|---|
| Donatons | 2,851 | |
| Events | 4,100 | |
| Grant Income | 15,143 | |
| 34,955 | ||
| Expenses | ||
| Event Expenses | 1,027 | |
| Cleaning | 2,394 | |
| Electricity | 4,414 | |
| Rates and Water | 932 | |
| Licenses | 1,306 | |
| Statonery | 261 | |
| Repairs | 15,854 | |
| Gardening | 1,680 | |
| Sundry Expenses | 559 | |
| Accountng | 90 | |
| 28,517 | ||
| Net Proft | 6,438 |
Yarnscombe Village Hall
31 March 2025
Incomes
| Hall Hire | 12,861 | |
|---|---|---|
| Donatons | 2,851 | |
| Events | 4,100 | |
| Grant Income | 15,143 | |
| 34,955 | ||
| Expenses | ||
| Event Expenses | 1,027 | |
| Cleaning | 2,394 | |
| Electricity | 4,414 | |
| Rates and Water | 932 | |
| Licenses | 1,306 | |
| Statonery | 261 | |
| Repairs | 15,854 | |
| Gardening | 1,680 | |
| Sundry Expenses | 559 | |
| Accountng | 90 | |
| 28,517 | ||
| Net Proft | 6,438 |
I confirm I have reviewed the financial statements for the Yarnscombe Village Hall and that the figures are representative and accurate of the financial results for the period ended 31 March 2025.
Mr T Fairbrother, Treasurer
On behalf of the Yarnscombe Village Bar
I hereby confirm that I have reviewed the financial statements of Yarnscombe Village Hall and that, based on the records and explanations provided to me, no items have come to my attention that indicate that the accounts are not fair and representative of the activities and financial position of the Organisation in the year ended 31 March 2025.
Mr L I Bewes