LUTTERWORTH TOWN HALL
CHARITY NUMBER 515314
Annual Report Year ending 31[st] July 2021
The Charity has largely been unable to carry out its principal role as a community hall during the pandemic. Government Covid related grants of £11,434 have met expenses during the year but the loss of users including significant users such as Citizens Advice has continued into the next financial year. Weddings delayed during the year have generally been rebooked for the next year with four weddings taking place in August. The uncertainty of the level of income over the next year is a concern
The Trustees have used the shut down to continue to improve the facilities, notably by installation of a replacement lift. The previous lift was incurring significant repair bills and was unreliable leading to some hirers to move elsewhere. About half of the £33,445 cost of the new lift was met by a grant from Tarmac under the Entrust managed Landfill Communities Fund of £16,000 net (Though the grant was for £18,000 under the Entrust terms £2,000 was paid to Tarmac by Lutterworth Town Estates from their Annual Grant to the Town Hall). The Trustees are very grateful to Tarmac for the grant which significantly improves the accessibility of the Town Hall. Extensive replastering work on the staircase appear finally to have been successful.
We also applied to Lutterworth Area Community Projects Ltd -the Magna Park financed body for a grant. During the year they approved in principle a grant of £6,500 to improve the toilets. Whilst The Trustees will look for further grant opportunities, grants for capital projects are available but are difficult to obtain to meet running costs or repairs.
Reserves. The current reserves of about £30,000 are higher than usual due to the need to repaint the exterior of the building. The paintwork suffers from the traffic on the High Street. The cost of repainting will be about £30,000. Once the £12,000 annual payment from Lutterworth Town Estates Charity (LTE) is received the Trustees will decide on the timing of the repainting. This will depend upon the level of receipts from hirers of the hall and the likely future grant from LTE – the agreement to limit the payment to £12,000 has ended and unless is renegotiated will revert to one third of their surplus. The Trustees would usually expect to hold a minimum of £10,000 in reserve to meet unexpected expenditure.
Lutterworth Town Hall Charity Registered Charity Number 515314 Accounts for the period 1st August 2020 to 31st July 2021
| Year to | Year to | |
|---|---|---|
| 31/07/2020 | 31/07/2021 | |
| Income / Expenditure | £ | £ |
| Income | ||
| Lettings | 6598.27 | 707.30 |
| Meters | 275.60 | 0.00 |
| Interest | 0.00 | 0.00 |
| Town Estate Trustees | 12000.00 | 10000.00 |
| Donations | 0.00 | 0.00 |
| Other | 260.00 | 260.00 |
| Weddings | 1200.00 | 900.00 |
| Total Operating Income | 20333.87 | 11867.30 |
| Grants | 10000.00 | 29434.51 |
| TOTAL INCOME | 30333.87 | 41301.81 |
| Expenditure | ||
| Utilities | 2435.75 | 2500.29 |
| Insurance | 2059.54 | 2110.75 |
| Repairs & Maintenance | 2209.80 | 6868.50 |
| Redecoration | 1610.00 | 625.00 |
| Health & Safety | 501.54 | 2723.81 |
| Cleaning | 3576.40 | 737.90 |
| Printing | 0.00 | 0.00 |
| Advertising | 10.00 | 112.39 |
| Other | 359.98 | 241.14 |
| Office Expenses | 2534.80 | 2712.47 |
| Weddings | 0.00 | 1618.50 |
| Total Operating Expenditure | 15297.81 | 20250.75 |
| Capital Projects | 0.00 | 33445.00 |
| TOTAL EXPENDITURE | 15297.81 | 53695.75 |
| Surplus/(Deficit) | 15036.06 | -12393.94 |
| Balance Sheet | Year to | Year to |
| 31/07/2020 | 31/07/2021 | |
| Reserves at start of year | 27302.89 | 42338.95 |
| Surplus/(Deficit) for this year | 15036.06 | -12393.94 |
| Current Reserves | 42338.95 | 29945.01 |
| Bank | 42152.97 | 29825.50 |
| Petty Cash | 185.98 | 119.51 |
| Current Assets | 42338.95 | 29945.01 |
Ch.&riered Accoun:ants & Business Advisors Lutterworth Town Hall Chartty clo Mr J Hartland 14 Blackthom Close LutteTWOrth Leics LE17 4UX AEH.SMH 28 September 2021 Dear John We have perfomied and independent examination and confinn that the figures attached hereto show a true and fair view of the charity's operation forthe year ended 31 July 2021. The deficit for the year was £12,393.94 and the total reserves as at 31 July 2021 were £29,945.01. Antony E Humphreys For and on behalf of AEH A¢countan¢y Ltd Church Fami Willey Warks CV23 OSH Antony HUMPHREYS Fl'.A AEH A¢¢ounlancy Ltd Chur¢h Fartn VATrrtMthT374n5205 Wllley WaThwckshir8 CVf8 OSH E tory@aehxcountancy.w.uk M l)7932 641693 T 01455 SS0178 ICAEW CHARTERED ACCOUNTANT