TEWIN MEMORIAL HALL MANAGEME COMmIE (TewiD MemonAI H811- Registered Charity No. 308158) Treasurer's Report for 2024 2024 has ended with a relatively srnall loss mitigated by the perfomiance of our long terni fund. Rental income has stabilised at a lower level w)st Covid. notably. casual rentals are down, possibly as a result of pressure on household disposable income. Higher than noThal running costs havc resultcd in thc kcy Routinc Incomc Lcss Rcgular Outgoings fi7Ure being significantly higher this year. As ever. our volunteers who look after the regular running and important fund raising. significantly reduc£ what would be the actual running costs of the Hall and provide income increasingly needed to offset deficits. Balance Sheet The Accumulated Fund at the start of 2024 was £186.163 and at the year end was £184,153 - a net loss of £2,01 O for the year (£8.553 gain in 2023). As mentioned above. higher than normal running costs have been the cause. The volatility of our long term fund is now removed and the amount invested is shown. At the end of the year £75.000 had been invested. its value at the year end was was £90.196. (As I write this report there have been considerable ructions in world economies. resulting in signifioxnt falls in share values. By mid April, when matters are at a very low ebb. our invest sum of £80,000 was valued in excess of £87.000.) Income and Expenditure The net loss for the year of £ 2.01 O is the product of Total Income from all sources of £31,041 (£34,215 in 2023) less Total Expenditure of £33.05] (£25,663 in 2023). Routine Income of £16.600 (£15,615 in 2023) less Regular Outgioings of £28.573 (£ 25,662 in 2023) resulted in an operating loss of £11,973 (£ 4,612 in 2022). Significant one-off maintenance and grounds costs, together with increases in utility costs, were the main cause of the increased expenditure. Fund Raising income brought in a welcome £14,187 and thanks and congratulations are due to all who have contributed - Organizers and participants. In summary. we are stabilising p)st Covid with it becoming increasingly likely that we will in future becom¢ mor¢ reliant on funthaising and investment income. Finally, I would like to take this opportunity to thank our examiner, Peter George. who has kindly offered his services for our next yeAI. A Whitbourn April 2025
Tewin Memorial Hall Management Committee Balance Sheet as at 31 December 2024 2024 2023 Accumulatod Fund Balance Brought Forward Surplus [Dle(l for y8sr 1e6,163 12.010) 177.610 8,553 184.153 186,163 Flxed Assets Current Assèts C85h al hand & Bank Long term fund1 D8btors & Prepayments Insuranc8 Pr8mium in advance Rent receivable 109,506 75,tAYJ 122,187 63,( 2.Ir28 1,973 187,894 188,216 Curront Llablltle$ Rentals in Advance Sundry Creditors and accruals Supporters club in advan (592) (1,9251 (1.225) (393) (394) (1,267) (3,742) 12.054) Not Assets 184163 186,183 Note. l. The Fund value at the year erKI was £90,196. Kelth St Pler (chainan) Ggoffrny Whltbourn (Hon. Tr6asur8r) Ptr George Ilndependent Examiner)
Tewin Memorial Hall Management Committee Income & Expenditure for the period ended December 2024 2024 2(r23 Routln• Incom• Leitings Regular Casual 10.404 4,792 1.404 5,517 614 39 Intwesl Sundries Subtotal 16.6C() 15.615 Fund Ral8lng N•tt 1,349 Hall Supportgrs club Fete, Draw, etc, Fikn Nights Jumbl& S8108 GIftAd Néw Y88r Party Book Sales 2,499 1.393 2.800 291 1.581 8.154 240 6.611 1,435 8.510 318 135) 6,423 1.316 1,405 1,012 1,096 14,167 13.722 231 1,160 3,487 Inve8tmw+l oainll10881 Hlslory of Taw Donats'onslGr8nts 110 Total Inc¢)m• 31,041 4210 Rogular Outgolng• W8Ges H801ing & Lighling Telephono & Posleog• Injureneè Water Lic8nco & SUbs¢YiPinI Grounds Annual Inspectlcns Refv8e Colbctlon Cleaning Boller Servlcg Rep8n & Mainlenanco Sundri8S Sthtot81 17,3171 18,7851 14741 12,8771 16491 1841 12,3281 1251 I1.0) 14851 11501 13,0141 11.0851 16,7771 16,5821 15701 12,417} 1842} 1650} 18391 18111 175} (391} {274} 128,573} {20,2281 Co•t of FUndrn1Thg Fate Jumbla S8188 Fllm Nights SLVPOrter8 Club inc. PfizeB New Year Party Book Sa18S 11.6991 11.1951 11.1501 11,7311 11,615} 11.2071 1891 1841 Subtot81 {4.333) {4,638} ProJ•¢t•lEqulpm•nl {1451 17971 Subtot81 {145) 17971 Total Expondlturo £33.051 £25.663 Surplu81{Doficlt) for yoar £ 1010 .552 Routlno Inc¢m• l••$ R•gulw Outgolngs £11,973 £4612 Not• 1. Thg charity hes anjoy8d a waiv8r of Ncfi4omestic Ratss, which amoLmted to £4.166 {2023, £4,275)
Independent Examiner's Report Trustees of Tewin Memorial Hall Management Committee Accounts Year Ended 31 December 2024 I report on the accounts of the Thistees of Tewin Memoria] Hall Management Committee crMHMC) for the year ended 31 Dember 2024 following an examination carried out in accordance with the general Directions given by the Charities Act 2011. Respective nsponsibilities of the TMHMC and the examiner Members of the TMHMC as trusiees are joindy responsible for the preparadon and conieni of the accounts and consider that an audit is not required under the Regulations and s144(2) of the Act. It is my responsibility to report on those accounts in accordance with the tenns of those Regulations. Basis of the Rtport My examination indudes a review of the accounting records kept by the TMHMC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'trne and fairf view; the report is limited to those matters set out below. Independent examiner's statement I confirm that no material matters have come to Tny attention in connection with the examination which gives me cause to believe that in, any material respec¢: l. accounting records were not kept in accordance with section 130 of the Charities Act 2011. or 2. the accounts do not accord with the accounting CordS I have no concerns and have come across no other matters in connection with the examination to which attentlon should be drawn In order 10 enable a proper understandfing of the accounts 10 be reached. Signed Peter Georye April 2025