## **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