TREASURERS REPORT FOR THE YEAR ENDING 31° DECEMBER 2021 Mrmatt SlateT- MTS AccountanLyServices Ltmtted, has earnIed both the main hall accounts and the bar account. HALL ACCOUNT Coven Mevnorial Hall, due to Covid 19. was dosed forvlrtuallytwo thlrdsof 2021. We are only reallyiust beginningto get backto a normal fully working sthedule. After eventually managingto open a new Bar Account with the Ctrop Banl the pandemic was upon us. Thls meantthatthe new bank èccountwas virtually InactNe until October2021, with most of the Hall's moneyi includln8the Bar venue, kept In the main Hall Account. To add tothe complications, the Committee decsdedto Introduce intothe Bar* payment by Card Isumupl after a few teethlng problems we have managed to sortthis out and I believe f( Is now working to the barfs advantage. Balances belongingto the Bar have now been transferred Into the correct Account. ThroUOt Covid 19 1 have tried to malntain two separate accounts Ibook wisel but It has not alway5 been p05slble. Thank 8oodness we now have o separate accouNts agaln and we seem to have managed to avold any malor problems. Please turn to your Income and Expenditure account forthe Hall. The Hall lettln8Stotsl £2L196. For Obvious reasons we did not have any fundraising events this year. Grants thi5 yearttitelled £17.744, mainlyfrom South Stafft>rdshire Grants in connection wlth CO7d The Brewood and Coven Parish council grant of £2,880 remainsthe same. This grant is used to 5ubsidl2e our afPillaied youps, witti £180 given to coverthe Desi8nated Premise5 Supervlsors Ucefisee. However. I did not applyfor thi5 grant In time to Include it in these accounts so nextyear wewill seetWVO grant amounts for 2021 and 2022. The Soaal Club rentfrom the Bar, £1,976.00 was not taken this year. You may remember I asked permission from the Trust, to be allowed to suspend thls ptyment. The Covenanted profrt thls yearwBs also suspended. Atthe moment l am tryingto decide whether I should transferthls profit into the Hall Account now ortake a larger f(gure atthe end of this year. We claimed Furfough fundingfortho staff wages and recelved f4,889. ThT5 enabled u5 to keep ourstsff on full paythroughout Covid. The total bank Interest received, arnounted to £6 Total Income for 2021 amounted tOE435. You wlll ncttlce that a good 50%ofthis flgure ts from government grants. A breakdown of Expense5 is glven atthe bottom of your Income and Expendlture account. Yourwlll see a small Increase of £81 forthe Gas and Electric Costs, l un assure you no one has been u5Tng our Eleclrictty during lockdown. obvlously wÈwere being overcharged byoyr supplier, thls has now been sorted and we are owed over£l,O(K). This figure is dcing
every month whllst paying off ourcurrent bllls, so its benefitshould be 3pparent in next years accounts. You will see a decrease of £360for the Hall Insuran. The Actountancy fees have remained the same. The increase rn maintenance and deanlng Is due tojohs belngtackled whlle the Hall was empty. Total expend5ture for 2021 zmountstts £41,117. glvlng a total net surplu5 fortheyear of £2,718 BAR TRADING PROFIT AND LOSS ACCOUNT The Bartang5 thlsyearwere £15,462 The Openlng Stock plus the Purchas, mlnus the closlng stocktotsls £8,059. ThL% year we ?re showlng a 47.8% Gross Profrtof £7,403. Thetotal Expen5esfor 2021 amovntsd to £2.12L Gfvtn8 us a Net Surplus of £5,282. Please turn to Our BalaTh Sheet for21121. this Shows net assets of £347.965. Thi5 figu ts minus a depreciatlort figure £38,337 Again I would remind you that the Buildin8 and EqulpmÈnt amount of £386302 L% ¢alculated from the ORIGINAL ¢ostof the bulldlng and Northe bulldings current worth. Our bank 3ccount balan$ held bythe main hall total £105,211 The Account balantes plus the closTng stocK togethervrith the NetAssets total, give us a totsl Assets figure Df £457,730. Advance letting5 in 2021for 2022 of £1,375 and ?¢¢ountancy accruals of £420 Gives us 3 Total Lièbllltles figure of £1,795. Yrju will notice thatwe have now pasd off our Capltsl Loan to south Staffs District Councll. Total A55ets of 457,730 mlDusTotal L1abllitl of £1,795 give us a Net Asset worth, of £455,935. You wlll see the bottom of your Balall Sheet a breakdown of howthls figure ts made up. The small amount of £1301s an hlstorlcal figure representlngthe orlglnal payTnent for the land which now housesthe Bus Stop. COMMENTS I can only repe my wrnments from prewous years, Coven Memorial Hall has a wonderful and enmable communityspirit, which is cleaTlydemonstrated bythe dedicatlon shown bv You the committee. Our Hall continues to prosper because of the enthulasm and hard work shown by volunteers. Thankyau.
COVEN MEMORIAL HALL INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DEMBER 2021 2020 INCOThJJE Hall LettinBS Grdntsand donatiors recewable Events Rent.. Social aub BBr FuAou8h fvnding Interest ReceNaYe 2LI96 17.744 17.400 13.973 L976 59 43.835 38.843 PENDITURE Wa8es Elethc & Gax Watsr & Refusè IUr4ns Mtintenarte and cleèning drles BankChar8es Attountancv Dtpreuatlon Comptstersoftwire 14,653 5503 968 L719 6.624 3.027 14,739 5N22 IA98 5,651 2,302 133 420 8.794 497 420 7,626 462 44117 4L535 NETSURPLUS / (DEFICIT) FOR THE YEAR 2.718 2,6921
COVEN DIIEMORIAL HALL BAR TRADING AND PROFifAND LOSSACCIXJNr FOR THE YEAR ENDED 31 DECEMBER 21)21 20ZI 2020 Takln%s 15N62 5302 Costof Goodssold.. Openingstock Purchase5 500 12,013 3,225 4,2 12,513 7,3Y/ aoslngstock 500 8,059 6.857 Grok% Profft/Loss47A%12020:293%1 7,403 11.5551 Le55 Expenses.. 047 1.364 ¥976 31WJ 55 Rent Heat& Lht Legal & PYofe5sionalCharge5 Repairs and Maintenance 83nk Charges 6C 165 309 io 3.712 NETSURPLU5IIDEFIc) FOR TrIEYEAR 5.282 15,2671
COVEN MEMORIAL BALANCESHE A5AT310ECEM8ER2021 J121 8ulldlng5 & EqulpTDent Addlthn5 386.a02 376,133 10,168 Tt)tal 386,302 386302 DrECiaDC3rrSed fon¥ard 38,337 Net 347.965 91 4A54 Debtors BgnkAWUJTrts Maln Hal actounts premlum Trac-RoOffUnd 29580 26,12B 49,603 20A74 26,125 49,599 IC8,765 96,E99 457,730 451290 UA61tm Lettlr¥ thBhtrefor2021IZ022 QtherCnditur*andAccrua Caplial Loan 1375 2A99 L856 TOTAL UA&ILmES 43SS NA5$ 455,5 447P35 Representsd bw. Loanre Land Roof replrfwid AUmuLl12d Fund BIFWd. 5pISfOrr Accumulated FundCJPwd. 3S275 35375 411430 8,QOU 42D.430 420,430 411430 420,389 411430 455,935 447S35 P¥praVEd by Mr5J Carr 31stMJrth21)22
COVEN MEM RIA AccwritANfsREPORT kn4tcorthn¢èwlthyDurknStrctlonha Pped,th0tcIrrylfiE0ui1n9lI,thlc0rnead Evlt¢ kcountand 8aLin(¢stfQrthYertndffd 31 Trf(embEr20211iomt I(ntil rOrdS HillandfrOMtheirfoDnatv)naDdP1aatig[bS5VpIc. WehaVetèrdQutBneamIatiTrUfthekc(jAtsofthÈMeMOtsl Hèll brth¢Yearen&d 31Oewnbpr 021. OuFexaminationI1ui rev1ewoftheaOunIingrerd5kep bytheMemorialHalland o>wris0noftheacwunt5¢e5nted wth th05g f¥Wrd5. IfKlvW¢oMiJ¥•uon ofany unusual nSor&stteSlrtttratc0ntSIrndthÈSÉnBoflht1OfistrOmthCcffll1lte Concerni Ath matt•rs. The proceduresund8rtakqndDnat pravlth èllt1eV¥JeeaW0Ul wviredin Aandcon5equtntr, WE da nol expreS5anart0PiOnthe%IÈW$fftn byY atttsurtt> weconfinn thatthe SnComeandEhA6rtUrAVlt and larsheet3 in agren111tr tb004nrfeCvr&Q1thÈMeffl0nal 11. wea150c(lIrpnttln0U1oftIffltrea1Èrt0 i¥stOwNChattenun otdeitoenaoar00elnderstJd1nBothe¥nts lober*a¢h¢d.