High Ongar Village Hall Accounts 202412025
Summary These accounts have been produced using ttie bank state- - and where available thè supporting invoices. Best guess has b8en used where a- is missing but the bank statements details are quite SLrffiuent. Systems hak'e w. implemented for better record keeping going forward. Th8 High Ongar Willage Hall has 2 bank accounts. The bace as at 31 March 2024 vms overstated for th8 premium account because interest poy. rta.- end was accounted for in error. The 2025 balance of the 2 bank accounts is £64.460.57 ccrpared wth £71,944.18 last year. Actual room hire income has increased in 2025 £27,784 xpared wrth £20,815 the prior year. Oth8r in¢ome comprises of Parish Council Incomelother cnl incomel bank interest. e account summary shovts more depostts going out t-3-, Deing received but this is ,aSt more likley down to poor record keeping. Some of L* rcom hire could be deposit$. The main increase in 8xpenditure is maintenance. The ghts for the bullding were replaced at a subslantial cost circa £8,500, the patio was deaned and paIred, the fence was repaired, the picnic benches were replaced. High; et repairs costs in the year. These figures include 2 lots of heating seryice renewal so rt must have paid late year and not included in the figures The hall has run at a loss for the last 2 years Oplnlon It is my opinion that the should be a balance sheet'.J accounts for the assets of the Village Hall but this would be incredibly difficult to preare retrosFethvely. By only having and income and expenditure account some assets are wrstten off in 1 year but adually have a life past 1 year. For example the £1000 spen+ on picnic benches is not really cost for one year, they should last say 4 years. Sowe assessment and policies are •id in the year but actuallt cover a Feriod of time pcgk the year end. Overall everything I have seen shows that the accounts are a true and fair repraséntation of the income and outgoings of the Village Hall Perhaps committee minutes should be kept in resm of the high value paIrS These accounts should be presented to the commttee and once approved can be lodged with the Charities Commission Stephanie Phillips
ar Vill è Hall 2024120 Income & Expendtture Account 3110312C25 3110312024 Incom• Room Hire Parish Council Other Bank Interest 27,784.54 1,669.00 20,815.50 1.048.73 398.69 1.047.26 Deposits In Deposits Out 30,6L 23 5,643.00 6,003.00 22,911.49 6,300.00 6,577.00 -277.00 22.634.49 Expenditure Compuler Insurance Cleaning Maintenance Telèphone Rates Gas & Electric Water Palandin Hire Misc Cleaner Garden Mainlenance 59.99 1,740.69 1,596.39 17.696.55 889.74 209.58 4,264.63 564.73 662.20 1,110.71 8.950.00 228.63 59.99 1,657.35 270.00 6.944.72 654.00 215.04 4,213.08 517.44 633.60 2,424.50 7.303.00 0.00 37.773 84 24 892.70 Loss - for th• y•ar -7.483.61 -2,268.21
ar Villa eHal Bank Balances as at 31 March 2025 Opening Balanc& 0110412024 Community Account Business Premium Account 469262 60042587 .528.10 $4.416.08 20 Community Account Premium Account 35896.54 396.69 36293.23 ndit re20 41202 Community Account Premium Account 43,776.84 43.776.84 mov•m•nt 202412026 -7,483.61 Bank Balance 3110312025 Community Account Business Premium Account 469282 60042587 9,847.80 54,812.77 64,460.57