TREASURERS REPORT FOR THE YEAR ENDING
31° DECEMBER 2021
Mrmatt SlateT- MTS AccountanLyServices Ltmtted, has e￿arnI￿ed 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. ThroU￿O￿t 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 CO￿7d
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 tOE43￿5. 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 ￿d￿cing

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 Barta￿ng5 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 DE￿MBER 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
I￿Ur4n￿s
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& L￿ht
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
D￿rECia￿D￿C3rrSed 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
N￿A5$
455,￿5
447P35
Representsd bw.
Loanre Land
Roof replrfwid
A￿UmuLl12d Fund BIFWd.
5￿pI￿SfOr￿r
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
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