## **RAVENSHEAD VILLAGE HALL** ## **REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** Treasurer: Mrs G Wyatt 5 Tideswell Close Ravenshead Nottingham NG15 9EX Tel: 01623 796851 Page 1 of 6 ## **RAVENSHEAD VILLAGE HALL** ## **REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** |_CONTENTS_|_PAGE_| |---|---| |Accountants report|3| |Treasurers report|4| |Income & expenditure account|5| |Statement of assets & liabilities|6| Page 2 of 6 ## **ACCOUNTANTS REPORT ON THE UNAUDITED FINANCIAL STATEMENTS OF THE RAVENSHEAD VILLAGE HALL** We have examined the Income and Expenditure Account for the year ended 31st December 2023 and Statement of Assets and Liabilities as at that date. In our opinion, these properly present the receipts and payments for the year and the assets and liabilities at the year end. ## **WATSON KNIPE** 10 Milton Court Ravenshead Nottinghamshire NG15 9BD Date: ……………………………………. Page 3 of 6 **THE RAVENSHEAD VILLAGE HALL** ## **TREASURERS REPORT FOR THE YEAR ENDED 31ST DECEMBER 2023** This year General Operations has shown a profit of £5,136. The rent charged to Abbey Gates School was increased to £2,193. There was an overall increase in Expenditure of £8,620. Utilities up by £2,160 due to having to pay our new supplier a deposit of £2,058. Repairs/Renewals up by £5,375. See below work done in Hall. Cleaning (including Waste removal) up by £742. Insurance up by £207. |Work done in the Hall
|includes the following:-||| |---|---|---|---| |Kitchen crockery and cookware||£1,959 Water heater|£480| |Floor polisher||£751 Chair trolley|£187| |Electrical work||£534 Guttering|£1,900| |Wheels on Badminton|equipment|£117 Decorating|£800| |Seat covers and tablecloths||£400|| The Bar and Raffle made a combined profit of £17,777. - Fund Raising We were given a donation of £10,000 from a village resident and we raised £1,809 from two fundraising events. - Capital Expenditure Includes the following:Kitchen refurbishment £16,423 Therefore the Hall made a profit of £16,764. ______________________ Mrs G Wyatt Treasurer Date: ……………………………………. Page 4 of 6 **THE RAVENSHEAD VILLAGE HALL** ## **INCOME & EXPENDIURE ACCOUNT FOR YEAR ENDED 31ST DECEMBER 2023** ## **GENERAL OPERATIONS** |**INCOME**
Hall lettings
Bank interest
Rent - car park
Raffle from Music at the Hall
Misc
**EXPENDITURE**
Cleaning
Light, heat & water
Repairs & renewals
Insurance
General expenditure
Gardening
Phone/wifi/website
Raffle
Misc
Card charges
**OPERATING PROFIT/(LOSS)**
**BAR TRADING**
Takings
Less; purchases
**Surplus on bar trading**
**DONATIONS & FUND RAISING (Defib)**
Donation
Fundraising
Less; Fundraising expenses
**SUMMARY OF INCOME & EXPENDITURE**
General operations
Bar trading
Donations & fund raising
**SURPLUS/(DEFICIT) FOR THE YEAR**
**CAPITAL EXPENDITURE**
Projector
Flag pole
Card machine
Kitchen refurbishment|**2023**
30,689
435
2,193
1,972
62
35,351
8,185
6,615
7,446
3,282
1,946
785
996
437
340
183
30,215
**5,136**
31,958
-15,715
**16,243**
10,000
2,004
-195
**11,809**
**2023**
5,136
16,243
11,809
**33,188**
0
0
0
16,423
**16,423**|**2022**
25,113
70
2,017
2,484
0
29,684
7,443
4,455
2,071
3,075
1,869
970
830
600
92
190
21,595
**8,089**
30,391
-12,100
**18,291**
0
0
0
**0**
**2022**
8,089
18,291
0
**26,380**
125
150
227
0
**502**| |---|---|---| Page 5 of 6 ## **THE RAVENSHEAD VILLAGE HALL** ## **STATEMENT OF ASSETS & LIABILITIES AT 31ST DECEMBER 2023** |Total bank balances at 31st December 2022
Overall surplus/(deficit) for the year
Less: capital expenditure
Bank balances as at 31st December 2023:-
Current account
Savings account
Misc account
Cheques not cashed
Cash in hand (bar)
Credit card in hand
Sum-up expenses (not presented)
**OTHER ASSETS**
Amounts due from lettings (debtors)
Stock of drinks in bar
Bar float
Raffle stock
Land and buildings at cost
(For insurance purposes the buildings are valued
at £1,300,000).
Stage lighting and PA sound equipment
(For insurance purposes the lighting and sound
equipment together with other contents of the hall
are valued at £150,000).
**OTHER LIABILITIES**
Accounts payable (creditors)|**2023**
101,439
33,188
134,627
-16,423
118,204
80,959
40,465
18
-3,282
44
0
0
118,204
3,236
2,485
600
200
29,520
21,000
0|**2022**
75,561
26,380
101,941
-502
101,439
64,790
40,030
18
-4,882
283
1,221
-21
101,439
2,710
1,800
600
0
29,520
21,000
0| |---|---|---| Page 6 of 6