2023-08-31-accounts - Whitfield Village Hall

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WHITFIELD VILLAGE HALL

Registered Charity No. 302880

INCOME and EXPENDITURE ACCOUNT for the Year Ending 31 AUGUST 2023

*INCOME*	2023	2022
	£ (All Unrestricted) £
*Charitable Activities:*
Letting of hall etc	32,413	32,158
Grants	27,703	0
Bank Interest	78	4
Miscellaneous	0	10

Total:	60,194	32,172

*REVENUE EXPENDITURE*

*Charitable Activities:*
Wages	11,243	11,096
Electricity & Gas	3,189	3,086
Water & Sewage	1,918	1,300
Insurance & Licences	1,533	1,066
General Repairs & Renewals	6,823	2,392
Specific Repairs	46,792	4,644
Stationery & Postage	9	160
Cleaning Materials & Refuse Collection	1,882	1,362
Broadband	370	350
Miscellaneous Expenses	556	345
Bank Charges	60	98
Total:	74,375	25,899
Revenue Deficit	14,181
Revenue Surplus		6,273
TOTAL	60,194	32,172

*BALANCE SHEET as at 31st August 2023*
*FIXED ASSETS*
Hall & Outbuildings_(Note 1)_	499,080	499,080

*CURRENT ASSETS*
*Cash in Bank*
Current Account	31,262	45,443


Balance b/f:		544,523
Deficit for year:		14,181
Balance carried forward:	530,342	530,342

Fixed Assets:
(a) The freehold of the Hall was vested in the name of the Official Custodian for Charities on 3[rd] April 1975. The overall freehold land area is 100’ x 140’ (36.453m x 51.035m).
(b) The Hall (including the Outbuildings) is stated at its 2020 valuation when it was professionally re-valued for insurance purposes. It is insured annually based on this valuation as increased each year by reference to the Insurance Industry’s index. To comply with conditions of insurance a professional revaluation is required every 5 years. Next due July 2025
(c) The flat roof over the Main Hall has been re-felted in September 2023. To comply with conditions of insurance it must be professionally inspected every 5 years and any defects repaired.
Letting of the Hall:

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