## **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. . ## **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 INDEPENDENT EXAMINERS REF>ORT IndepEndeFrt Exatlllll￿5 twlto me￿￿ ofthe {tr￿￿e$) of M¢ylon WaT Mwnorial InsbbAe Rèspectlve responsibilliès of committee and examlner The charty'5 commsttee ts respo￿￿ for the ofthe accwnts. It is the Indepe￿nI examinerfs ￿pons￿Irty to." al examin• the accounts, bl to confimi the Institirte recfjrds.and Basis of Independetlt examlneys staten*nt An examinatlon includes a rewew ufthe xec*rds W by the dtaEity cmipariscffi ol the accounts presented ￿ thosè ternrds. It akn indudes cons*kn crfany L￿LEu￿ orftsclD5ures I the ac￿unts, and seekovJ explanattons frtjn tre C￿m#￿e atTy such matters. The Pro￿UreS uncsertaken do not prowde all the ev1deT￿e IhatwryA b8 ¥equtr&l in an aud¢ CA)nseqLentty no opinKJn 1$ gwen as to whether the aco)unts prewt a 8fMI faitr aFKI IIE report ￿ ￿Mit￿j to those matters set rmrt in the statementbelow. *d•pendent ￿mine￿9 stateM￿t . connÈ¢tion with rny exaFnination, no rnatkrtTras c(The tD rny att*it*?n. Thp al￿oUntIng records C￿npty act￿n￿ requ￿￿￿$. Gwe he￿ brief detsils ol atry itemsthat tht èX8rninerwi5hes to d￿￿￿. Onty COMp￿te rf Ihe exaM￿r needs to hbgh￿ght m8terTral (use a Name Rele￿t Profession￿ quauficatwlsl rbody lrfanyl An independenl examiner k8 an independent person rea50D&* be￿ by the Ix)rnmitteB ltrustees of the ac¢x)untl to have the wH5ilp abjffty arKJ pwactra lo rarry oui a competent exarnination ol the accounts. Thk8 person m￿1 be someone olherÉh￿ a sgnaw (rfts IJe8sW￿ w clwman's certtficaie aThJ must have no di￿￿ rule in thB d￿e¢lOn ofthefund.