2021-12-31-accounts

MORTON WAR MEMORIAL INSTITUTE

Treasurer’s Report: Financial Year ending 31/12/21

COMMENT

When I wrote my 2020 report in March 2021, it was with hope rather than conviction that it would be less than three months before we would recommence operating at something like normal levels. Thanks to further government restrictions and misguided policies which created continued anxiety within the population, that hope was misguided.

Although some groups did take an initiative and started up again in the middle of the year, it was not until September/October before confidence returned sufficiently for the majority of groups to recommence. Unfortunately we did lose two of them, one being the children’s dance group which had been long-running and very successful village facility prior.

However, partially due to a resurgence of one-off bookings towards the end of the year, total hire income for the full year was slightly ahead of last year’s. Once again we also benefited substantially from the government grant schemes.

FINANCIAL STATEMENT

Total income for the year was £27154 and expenditure was £10865 providing a surplus of £16289. The latter was due entirely to government grants of £17581. The Institute continues to remain in robust financial health.

INCOME

Regular hire income was £6542 from 351 sessions and 48 individual hires realised a figure of £2281. Thus a total of £8823 was achieved. Comparisons with prior years are meaningless but, as an indication of the pandemic effect, hire income for 2018 was £22,507 and in 2019 it was £21,653. A contribution to turnover of £750 came from a one-off institute event, the sale of old chairs and interest.

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EXPENDITURE

We managed to keep our operating expenditure to less than £5,000 (against around £11,000 in a typical year). Reductions in costs of heating and lighting, water, rates and cleaning, as in 2020, were the contributory factors to this saving. We spent £4,500 replacing 90 chairs which had been donated to us some years ago. A new stone tablet above the entrance door was purchased to replace the original which was in a dilapidated state, retaining the original title of the building “Morton War Memorial Institute” - an appropriate improvement as we enter our centenary year.

FUTURE

Although we are facing significantly increased costs, particularly to energy, we have sufficient resources and future anticipated revenue to absorb them without increasing our hire rates for now.

How pleasing it is to be able to write this report in the knowledge that our wonderful village facility is fully open and operational again. With eighteen regular classes and groups utilising the hall, including community beneficial ones such as the toddler groups and Morton Meet, and a growing number of one-off bookings returning, I can truly say that we are back on course. We intend to do all we can to build on this momentum and are developing plans to further enhance the building and improve the marketing of it. The centenary anniversary, referred to above, will take place later this year and so the timing of the return to normality could not have been better.

R Michael Craven Treasurer

MORTON WAR MEMORIAL INSTITUTE

Income & Expenditure Account As at31st December 2021

INCOME Balance b/f Hire of Hall: Regular Prepayments (creditors) Hire of Hall: One-off Events Additional Income Interest/Dividends Grants/donations Total Income EXPENDITURE Heating and Lighting Water Rates Upkeep Insurance Licences Maintenance (Below) Miscellaneous (Below) Total Expenditure Surplus Balance c/f Represented by: Current Account Creditors Cash Building Fund (Barclays) Building Fund (United Trust)	2021 No. 2020 No. 62722.59 52098.37 6541.78 351 6704.31 289 1600.00 2281.19 48 1356.30 26 114.00 1 0.00 100.00 165.00 535.76 67.36 17581.00 10000.00 27153.73 16692.97 1431.61 1778.38 304.96 439.09 104.52 79.33 1723.72 1373.61 310.74 300.00 849.50 489.50 10.00 832.38 6129.81 776.46 10864.86 6068.75 16288.87 10624.22 79011.46 62722.59 1505.55 Current Account 3572.56 0.00 Creditors 1600.00 800.16 Cash 76.16 46705.75 Building Fund (Barclays) 10673.87 30000.00 Building Fund (United Trust) 50000.00 79011.46 62722.59 2021 2020 Additional Income 2021 2020 10.00 357.38 Advertising 165.00 225.00 Sale of chairs 100.00 250.00 100.00 165.00 10.00 832.38 2021 2020 347.34 338.40 136.92 136.20 145.20 867.43 4537.80 240.32 156.66 6129.81 438.06
Maintenance General Repairs Painting Pointing Miscellaneous Expenses Broadband Booking phone Display Boards Stone Tablet New chairs Other/Administration	2021 2020 Additional Income 10.00 357.38 Advertising 225.00 Sale of chairs 250.00 10.00 832.38 2021 2020 347.34 338.40 136.92 136.20 145.20 867.43 4537.80 240.32 156.66 6129.81 438.06

MORTON WAR MEMORIAL INSTITUTE

Income & Expenditure Account As at31st December 2021

INCOME Balance b/f Hire of Hall: Regular Prepayments (creditors) Hire of Hall: One-off Events Additional Income Interest/Dividends Grants/donations Total Income EXPENDITURE Heating and Lighting Water Rates Upkeep Insurance Licences Maintenance (Below) Miscellaneous (Below) Total Expenditure Surplus Balance c/f Represented by: Current Account Creditors Cash Building Fund (Barclays) Building Fund (United Trust)	2021 No. 2020 No. 62722.59 52098.37 6541.78 351 6704.31 289 1600.00 2281.19 48 1356.30 26 114.00 1 0.00 100.00 165.00 535.76 67.36 17581.00 10000.00 27153.73 16692.97 1431.61 1778.38 304.96 439.09 104.52 79.33 1723.72 1373.61 310.74 300.00 849.50 489.50 10.00 832.38 6129.81 776.46 10864.86 6068.75 16288.87 10624.22 79011.46 62722.59 1505.55 Current Account 3572.56 0.00 Creditors 1600.00 800.16 Cash 76.16 46705.75 Building Fund (Barclays) 10673.87 30000.00 Building Fund (United Trust) 50000.00 79011.46 62722.59 2021 2020 Additional Income 2021 2020 10.00 357.38 Advertising 165.00 225.00 Sale of chairs 100.00 250.00 100.00 165.00 10.00 832.38 2021 2020 347.34 338.40 136.92 136.20 145.20 867.43 4537.80 240.32 156.66 6129.81 438.06
Maintenance General Repairs Painting Pointing Miscellaneous Expenses Broadband Booking phone Display Boards Stone Tablet New chairs Other/Administration	2021 2020 Additional Income 10.00 357.38 Advertising 225.00 Sale of chairs 250.00 10.00 832.38 2021 2020 347.34 338.40 136.92 136.20 145.20 867.43 4537.80 240.32 156.66 6129.81 438.06

PTO

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