SMHT- 2023 Chair Review Overview A successful year, hall users, hirer5, attendances to funrtions, discounts to other charities maintained and a successful May fayre. Capital work, we installed Solar Batteries in February and started the hall expansion in July with a completion target in the summer of 2024. The project is signlficant, almost doubling the existing hire space, without increasing footprint. The expansion project will temporarily wipe out all of our reserves and will need to have a small loan to complete the fit out. Financial Trading income - Trading costs Tradlng Surplus 96,514 53.050 43,464 Cosh in Bank 31" Dec 22 = £242k 31" Dec 23 = £204 Copital Spend £k 20 Solar batteries Legal fees on project Paid out to project builder 127 Total 154
Regular activities Occupancy rate, over 90% Events in the hall We ran all our regular events to support the community, muslc, cinema etc. The largest event was Uncle Funk raising < £5k and planned again in 2024 May Fayre The May fayre was very successful. we are planning to continue the event for 2024, this is an ad hoc arrangement reviewed each year. It is an event that we do not raise money for ourselves it is purely for the benefit of other charities and associations and the residents in the town. Future Complete expansion, consolidate our financial p051tion by buildin8 back our reserves. Expanding room hiring and build on community services.
Extenslon Project A substantial increase In Sawbridgeworth Community Facilities What wlll we get 100% increase in hire space of 200sqm, 3 rooms, inc tech centre Access - Ability lift and two new stalrcases Heat pumps l air con units 14.5 Kw Solar panels Costs £400k Build £50k Fit out cost How is it beingfundedP Grants Queens jubilee fund £72k East Herts levelling up fund £45k Stansted Airport £5K Total £122k Reserves £298k, some assumed from operating surplus of 2024. Loan £30k Project Time line Phase I, Opens Sept 12024 Phase 2 Opens Nov 2024
CIIARITY NllIMIIF.R: 30?4(15 SAIWBRIDGEWORTH MEMOIIIAL HALL TRUST FIN'ANCIAL STATF.Mf.YTS FOR THE YF.AII ENI)EI) 31 DECEMIIER 2023 DONC,WORTFI LTD CIIARTEiif.D ACcOU'TANTs LOWLAN'I)S 3 SOL.TFIBIIOOK .SAIVBRJDGEIIIOIITH HERTfoRDSHIIIE CN121 9NS
ACCOUNTANT'S IIF.PORT HAIRMAN ON THE ACCOUNTS OF SAM'IIRIDGI.:IvoiI'fH MFMORIAL HALL TRUST roR THE YEAR EiYDLD 31 DECTr.MBER2023 We liave compilcd these financial stateinents froin thc accounting I'ecords and infonnation supplied io us. Daied... Donoi¥orrh Limited Chaitei'¢d Accountan Loivlands J Souilibi'ook Sawbridgew'orth Hei11oidsliire CM?19NS
.SAWBRIDGEWORT14 MEMOIIIAL HAI.L TRU PROFIT AND LOSS ACCOUiYT FOR TIIE YF,AR ENDED31 DECEMBER 2 23 Note 2023 2022 89,0?2 Gro55 income 168,514 Admini5traiive expenses 1?08.271) (39,019) 50,003 Opei'ating ILossVprofit 139,757) 217 Inconie fi-om invesinieiiis 2.001 50,?20 DefEClt 011 detii'itie5 (J7.756) Pagke 2
CHARITY NUMBF. 302464 SANVIIRIDGF.II'OR'fH lE.lORIAL 14ALI, TRUST 11A1.,CNI'CI.: SHEF.T AS AI. 31 DECEMBF.R2023 'ole 20?3 2022 FiieJ as5¢15 Tangible assets Currcnt asset Dtbioi Cii¥li at bank Jnd liand ?OS.4?6 242,i74 ?09,90? ?46.4#9 CJ'editor5 AIiiouTiis due ii'iihin oiit },<r 1750) (6001 tt curreDt 11$5Ct$ 209,15? 245.829 750.141 l-oial 955cI5 les5 rurrcrtt IiiLbililie5 ?1? i85 £?1?,385 £?50,141 ¢t %5¢tS runds of Charitv Ilnrtslri¢itd tunds 250.141 ?1? 38) V l.cc liaimian Dated
SAWIIRIDCEWOIITH MEMORIAI, HAI,1, TRUS NOTF.S TO THE FINAYICIAL STATEMENI TS riOR THE Yr.AIl LiYDEI) 31 DICEMIIEII 2023 Tallgitjle fjxcd a55et5 Flxtures Fittings Cosi.. At l J&nuary ?0?3 24,848 Al ) l December ?0?3 24,848 rJep1eciaiioii'. Ar l .laiiiiary, ?073 Cliarge foi- Ihe y¢ar 20,537 1,078 At ) l Decernbei. 202) 21.615 N¢1 book vlllue.. Ai 31 Decembei. 20?- £ 3.233 At i l Deccinbcr ?021 £4,311 Debtors 2023 2022 Due iYTtliin On yeai.: Trade debiois 1,476 4,055 I'a¥e 4
SANVIIRIDGEWOIITH lF.oRIAL HALL TIIUST NOTF.S TO'I'HI FINANCIAL s'fAI'EMF.NTS (Continued) TrOR THE YF.AII ENDF.I) 31 DCCENIBEII2023 Creditoi's- amounts fiilliiig dis¢ iiithin one )'¢ar 2023 2022 750 600 Trade creditoi's £ 750 £ 600 Funds ofchErity 2023 At l JanuaTy 20?3 Deficit foi. tl)e year 250,141 {37,7561 Ai 311)ecember 201" £7 12, j85
SAWBRIS)GEWOIITI4 MI.:MORIAL HALL TRUST DETAILED'fRADING AND PROFIT AND LOSS ACCOL.N"r FOII THE YEAR EiNDF.D 31 DIcErlER2o23 2023 2022 Gr05s income 96514 89.022 Incoine Grnnts rc¢eived Intci-est reLeiv£lble 2,noi 217 170,51) 89,239 O%.erheJd5 653 65 444 5.986 Light. lieiil and ivater Telephoiie Stationcry Cleaiiillg ¢05ts Repliirs Waste disposal 892 136 5,097 1,015 2,811 600 i.i?o 2.7?0 ioc 1.437 3.8)0 ALLuuntanc), fees Liceiice5 750 liscellaneous 2,894 1.078 Donatioiis IT and compuiing costg 1,035 11,342 EneriT y pi'oject cosls SolÉir bdlteries lii.O)7 20.184 208,?71 39.019 IL055llProfJÉ 011 OIMlinai'y aetivities £(37.7i6) £ 50,220 Page 6
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of 1. KfN4 VIcMo< 'ffLV . On accounts for the year ended Charity no (if any) 3cLL4Es Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended 31 li IDz3 Responsibilities and As the charity Irustees of the Trust. you are responslble for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 ("the Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5){bl of the Act. I have completed my examination. I confirm that no material matters have come to my attention I ") in connection with the examination which gives me cause to believe that in, any material respect.. accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord wilh the accounting records Independent examinerfs statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understsnding of the accounts to be reached. Please delete the words in the brackets if they do not apply. Signed: Date: lol ZcZ-4 Name: f e. Relevant professional quallfication{s) or body (if any): Address: rs 14S IER October 2018
Section Disclosure Only complele if the examiner needs to highlight matters of concern (see CC32, Independent examlnation of charity accounts: directions and guidance for examiners). Glve here brlef detalls of any ftems that the examlner wishes to dlsclose. IER October 2018