Annual General Meeting – Weybourne Village Hall – 10[th] May 2021
Treasurer’s Report
Annual Accounts for the year ending 31[st] March 2021
I am pleased to report a very satisfactory set of accounts despite the impact of Covid 19. We were able to open the hall for a few months over the summer and early autumn so we achieved some letting income. We reduced our running costs to the minimum and have benefitted by not having any regular commitments.
Our letting income this year was £1228, some £10K down from the previous year, but this has been made up by the generous support of the Government in respect of Covid grants totalling £20708. We have also received a grant of £10,000 for the A/V equipment and £500 from WPC towards garden maintenance. The hall is business rated hence the Government support in respect of Covid. As a Charity we receive 80% discount on our annual Non-Domestic (Business) Rates and since I have been Treasurer have claimed Discretionary Relief so we have not paid any rates for some years.
We have received a Donation of £1000 towards the renovation of the shrubbery, received £120 from plant sales (thank you Mary and Pat) and £170 from the ‘pop up restaurant’. Deposit Interest has been minimal.
Looking at our overheads (previous year in brackets) – water £229 (£439), Insurance up £35 to cover the new A/V equipment. Electricity £473 (£655), Maintenance and Improvements £14652 (£16839), this includes Car Park drainage, renovation of disabled toilet, renovation of drains, new lights, spots and electrical survey, new retaining wooden wall and Audio /Visual equipment (£11K). Cleaning Materials £337 (£260) includes Covid equipment, Garden £707 (£776), Cleaner £528 (£1844) – other items similar.
Our current assets are as follows Debtors £45, Deposit a/c £8043, and c/a £19265 – totalling £27353.
I provided you with a balance sheet and P & L at the Zoom meeting in April. There will be some minor amendments (deposit interest and the short-term creditor liability). The accounts are not yet audited, but hope to get this attended to late May or early June. I will provide the final accounts in due course.
This is my last annual report as I am stepping down as Treasurer and will be passing the reins over to Susan Mette. I wish her all the best.
Mike Robinson,
Treasurer
WEYBOURNE VILLAGE HALL ACCOUNTS FOR THE YEAR ENDING 31ST MARCH 2021 PROFIT & LOSS 2020121 2019120 Income Lettings Donations Deposit Interest 1313.50 1510.00 5.74 11870.00 1321.63 40.04 2829.24 13231.67 OTHER INCOME Fundraising Grants 290.00 30708.00 2513.42 5572.46 30998.00 8085.88 33827.24 21317.55 OTHER EXPENSES Fundraising Expensed Equipment 339.95 10416.55 10416.55 339.95 Gross Profit 23410.69 20977.60 Overheads Aolverb'$ing Water Insurance Electricity 180.00 229.15 1281.17 473.16 497.44 21.21 4235.72 439 87 1247.03 655 01 488.78 Postage,Stalionery and phone General Maintenance Drainage Maintenance Cleaning and COVKI expenses Garden Sundries PRS Licence Cleaner 8800.20 8039.00 260.71 776.25 301.66 262 06 1844.00 337.39 707.90 206.95 284.88 528.00 Total 8982.97 23225.80 Net Profit 14427.72 -2248.20
Date: 2910512021 Time: 12:36'.10 We bourne Villa e Hall Balance Sheet Page: From: To: Month I, April 2020 Month 12, March 2021 Chart of Accounts: Default Layout of Accounts [PARTtAL] Period Year to Date Current Assets Debtors Deposits and Cash Bank Account (498.00) 1,205.74 13,634.98 45.00 8,043.63 19,265.12 14,342.72 27,353.75 Current Llabllltles Creditors '. Short Term (85.00) 0.00 (85.00) 14,427.72 14,427.72 0.00 Current Assets less Current Llabilities: 27,353.75 27,353.75 Total Assets less Current Liabilities: Capital & ReseeS Resetves P & L Account Previous Year Adj 0.00 14,427.72 13,011.03 14,427.72 (85.00) 0 14,427.72 27,353.75 rkill[ f ly ,yllerf