SMHT- 2024 Chair Review Overview A successful year, hall users, hirer5, attendances to functions, discounts to other charities maintained and a successful May fayre. Capital work, we opened our expansion project which enabled us to utilise more hire Space of 3 micro offices and 2 more activity rooms. The project will continue into 2025 to complete the refurbishment of the whole building and finish the installation of heat pumps and solar panels. Taking the bar in house is paying dividends Financial Trading /core activities ie stripped out ony copex either way Income £125k- expenses £77k = £50k surplus on activities Cash in Bank 31st Dec 23 - £208k 31st Dec 24 = £52k Capitol spend £k 355 Expansion project We took out a E30k lorjn Over 5 years, puyable in yearly instullment5 Current u dote The project Ns essentiallyfinished, we have approx £18k in the bank and climbing, with l final payment to the builder of Circo £IOk Regular activities Occupancy rate, over 70% including the new Spaces Events in the hall We ran all our regular events to support the community, music, cinema etc. May Fayre The May fayre was very successf ul, we are planning to continue the event for 2024, this 15 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 position by building back our reserves. Extension Project A substantial increase in Sawbridgeworth Community Facillties What will we get 100% increase in hire space of 200sqm, 3 rooms, inc tech centre + 3 micro offices Heat pumps / air con units 14.5 Kw Solar panels to make 30kw total Costs £620k Build Lotjn £25k outstanding as of June 2025 The new areas are well used and contributing significantly to the hall income. Chair SMHT Peter Lee CHARITY NUMBER: 302465 SAWBRIDGEWORTH MEMORIAL HALL TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDEI) 31 DECEMBER 2024 DONGWORTH LTD CHARTERED ACCOUliTANTS LOWLANDS 3 SOL'I'HBROOK SAWBRIDGEWORTH HERTFORDSHIRE CIM219NS ACCOUNTANT'S REPORT TO THE CHAIRMAN ON THE ACCOUNTS OF SAWBRIDGEWORTH MF.MORIAL HALL TRUST FOR THE YEAR ENDED 31 DECEMBER 2024 We have compiled these financial stareinents froni the accounting records and information supplied to us. Dated.. 23 g DonL7wort Limited Chartered Accountants Lowland5 3 Southbrook Saivbrid(Tcworth Hertfordshire CM219NS Page SAWBRIDGEWORTH MEMORIAL HALL TRUST PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2024 Note 2024 2023 Gr05s incorne 249.365 168,514 Administrative expenses (437,048) (208.?71) OperatiThg Loss {187,683) (39,757) Interest received 1.680 2,001 DefLCIt on activities (186,003) {37,7561 The annexed notes forni part of these financial statements. Paye CHARITV NDMBER.. 30246q SAWBRIDGF.WORTH MEMORIAL HALL TRUST BALAYCE SHEET AS AT 31 DECETrIBER 2024 2024 1023 Fixed a55etS TSL. On accounts for the year ended Charity no (if any) 12 Set out on pages I report to the trustees on my examination of the accounts of the above charity I'the Trust") for the year ended Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {"the Acl"}. I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515}Ibl of the Act. Independent ￿he charity's gross income exceeded £250,000 and l am qualified to examiner's statement undertake the examination by being a qualified member of linsert name of applicable listed bodyll. Delete I l if not applicable. X Q W. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination leth8￿1*￿. hich gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act., or the accounts did not accord with the accounting records., or the accounts did not comply wilh the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Please delete the words in the braGkgts if Ih8y do rpot apply. Signed: Date.. zs. Name: < P. RT Relevant professlonal qualificationlsl or body IER Oct 2018 (if any): Address: Section B Disclosure Only complete il the examiner needs to highlight material niatlers of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). Give here brief details of any items that the examiner wishes to disclose. IER Oct 2018