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Rob•rt Andr•w K•lty FCA 8 M•tty Lonnlng Thursby C•rfl818 CA5 6PQ Thursby Parish Hall - 508841 Financi81 YeAr EndiThJ- 31 Mgrth 2025 Report follong the indepe1ent examinatn of chathy acctymts ftThur8by Parish Hall by Robert Andrew Kdly being duly qualrfied a$ FCA. I have audited the accounls ol Thur8by Parish Ham lor over 20 years. a practice given the usual income being loW £25k pa thich has gon8 above arKI tWd the Hall's legal requirements until the finanaal yeai ending 31 March 2021 and 31° Marth 2025. The comwency of the treasurers over the kst 10- 15 years have been exemplary, and I have no conrn6 regardww their abilty or any concems their overal man4ement of the aunts. Their yocedures are robjst arKI ensure Snty of the hdd by tr Parish Hall. I have fully c4)mWed th8 re¢omm8rAled ctcMist ar confimi I have oxamined tho accounting records aThJ fwnd these to t* correct and comkleted to an eelY hwJh standard. The accounts agre8 fulty with ts furth Ild arKI on tre anrKMI rep basis and I can confinn the chaiity is elKJitle for the indendent examination based on the level of income being over £25,CrtX) no other rea$c. I have identifiod no areas of ncn in rolatton to ofthe acc for ThLKsby Parish Hall. The accounts do a bss for the secoTrJ year runnry. but •3e related Maintenan have impacted the of eypenditure has been undertaken to prote¢t th8 lory lemi integnty of the hall. The ¢ommiltee are commrtted to wotediThJ tr assel ofthe hall whilst al the same time lookiryj to enhan incoTh8 thrOh the comirvj years and takirwJ pyoathe actions to enhance the income Costs co¥wed in the ujmi years. l in their akn'bbes. SwJrnd..... Robert Andrvw Kdty
Fiiian¢lal R•port lor Thursby Parlsh Ho11202*1025 1".1141 ity N8me= Thursby Parish Hall ReBlStration Number: 508841 Address.. Matty Lonning. Thursby. Carlisle. Cumbria CA5 6PQ Trustees: Colin Edgar, Elizabeth Gorst. Andrea Edwards. Nicolett8 Carey. Julie Frtzsimmons, Wendy Tiffin, Kenneth Thorn & Robert Drayton Charities Commlsslon 1$ the Custodlan Trustee. Income overall on the yearto 3113125 in¢reased from £23.526 to £27.988with the number of hirers and income increasingfrom last year. The Hall's income has been measured over the last few years against pre pandemic figures ending 3113120 with hirers income at £19.812 & Fund Raisingincome of £1529totalling£21.341. 202412025 the combined income for these two areas amounted to £24.129 and overall income on the year being the highest it's ever been forthe hall at £27.988. Every committee member should take pride in the level ofwork involved to genernte these levels of income. Weu done. Additional income includes FIT payments of £785, lower than usual as some ofthe generation income was claimed in the previous year and some will be due to be paid in 25126. Interest of £2774 was received being the highestfor a considerable time with the hall benefitting from higher interest rates. A donation of É300was gratefully received from Thursby Parish Council aiding income levels. Maintenance Fund Stands at£52.710 in a 1 yearbondwhichwill mature in Mayand would expect to reinvest at a slightly lovlerfigure than the current interest rate of 4.4% The Instant Access Account stands at £21,998 beingthe Maintenance and Capital Expendfture Fund- £5,000 was transferred to the Coop current account duringthe year given the capital expendiiure that was completed. A total of £74,708 is now being held in resenffj and can be called upon in case of need subjectto the agreement of the commtttee. £13,898 is held in the Cooperative current account down from £17,151 as at 3113124. A healthy balance retsined to cover ongoing income and expenditure. The combined sum of the Skipton Maintenance & Capital Expenditure Fund of £21,998 and the current account at £13,898 coverthe current reserve level of £35,000 needed in the event of funds being needed quickly. The one year bond matures in May and before relnve8trn0nt the committee will decide whether a further cushion is needed
IIHnglpiiii)R cHpiIHI Andlor the eBrned income 01 to the Skiplon 8c¢e98 account to IncrBagft in8lanlly accessible funds. C8sh11081 of £250 continues io be held gfving overall funds of E88.856 down from £94,33518st ye8r. The fin8ncial aim of this yèar has once again been to increase the use of the hall, to promote the hall to new users. relain existing hirer5 and to invest in the long term maintenance of the h8118nd to purchase equipment thai will enhance the use of the hall to users. The commiltee has WOTked tirelessly lo host events Tun by the hall, some have been very well attended. bul some have had to be cancelled due to lack of interest which has been disappointing. 2025 has a new agenda of events including themed ftK evenings. startingwilh Greek nighi on S" Apfil. Quizzes and D Day Celebration. We very much hope villagers will support us gNen the ongoing funds needingto be raised and to aid the longevity of this brilliant facits'ty. Hall fees have continued to be reviewed and tweaked where needed. A comparison has been completed of comparable halts and the committee are confident the hirers fees are in line with other h81Ls. and Kill continue in thisvein. The introduction of the kitchen tee of £20 and the £1 per person from the monthlyiunches has contributed welltofund raising. Electricty costs this year have been lowerthan had been anticipated. butthis has been due to an ombudsman cornplaint regarding the Hall's supplierwhich fttted the wrong meterand resulted in £3.300 in compensation and bill Tecalculation. The Hall is still in creditwith the supplier. and costs around £8250 are expected this yearcompared to the £5100 charged 24125. This is aLI significantly higherthan the £4k charged in 22123 when the unit price was 14p. As a committee lookingto protect the hall as a longteTm asset the decision was tsken to spend funds on the roof area- condensation was markingthe tiles and a void in the roof space allowed heat to escape. so alongwtth new energy efficient lights fitted in the main hali just over £10k was spent to protect these forthe future with an expectation that the electricity usagelcostwiLI also decrease. £2050 was also spent on a new projectorvthich the committee feels wiu be of benefftto hirers and enable the hallto host events with the use of the projector without the need to hirelpayfor one extemally. Overau, expenditure has increased and is expected to continue io increase in the future. Last year income was anticipated at £25k and expenditure lo be in the region of £28k with a £3k loss following 23124 ioss of£4204. However. income * £27.988 against expenditure of £33,467 providing 8 loss of £5479. If the costs of the rool. lithts and projector being one off iteffls are added back into the accounts then a profit ot £7,371 would be a good indicator of the income versus normal anticipated expenditure (this is a little inflated given Ihe benefit of the electricity payTnents that have been received. birt once again highlights with overall funds of £88.856 stiu being held, plus in the rewon of £1,750 stock ol al¢ohol held reatyfor e¥*nts, the hall remains in a strongfinancial
position wilh cominlll•ft In•n)l)•ifi commlll•d to an8urlng the long term sustainability of thp hnll. Lookii)R tv ?n?ril?0?6 Ihfi Inr.nmn19 nnllr,Ipnl8d nl nround P32k Rnd expenditure of 7k. I 179 iiiily gxepi)Ilni)Al ilniii Al Ihl8 81AAA IA lor tho purch880 of 8 floor cl8angr in the Iiiiililll i)11"14()D. Thi8 would188ve 8 Pfofit Bround £5k. Th989 liiurog Are based on hirer numbers continuing to increase and for the committee held fund r8isingevents to be supported byv11gers. This is imperative lo Ihe longevity ot the h811. In view of the Thursby Parish H811 being a Charity the expectation is that we cover our cost5 and a large profit is nol expected. HoVveT. It would be Teasonable to recoup the losses made over Ihe18sI 2 years, and to lry 8nd protect further against inflation. The committee remains obliged and commilled to ensure the hall remains financially viable long into the luture and will make any necessary changes to ensure this. Regular financial reviews will be completed throughout the year to make any adjustments to fees, expenditure etc as deemed necessary. R A Kelly FCA (Hon Auditor) has audited the accounts for 202412025 and once again confirmed he is h8PPy to continue in this role and the committee thanks him for his continued support ofthe HalL Signed ty Chair Colin Edgar Treasurer Etizabeth Gorst