BAR ACCOUNT Turning to the BaT Profit and Loss Account the takings totalled £31.419, minus the opening stock of £4,454 and the Bar purchases of £15,561 plus the closing stock of £4,702 equals a Gross Profit of £16,106. Taking the Gross Profit of £16,106 less the various expenses totalling £8282 VeS us a Nct Surplus of £7,824. If you take the Gross Profit of £16,106 against a takings total of £31.419 this gives an approximate profit margin of 51.2 %. A breakdown of the various expenses are shown at the bottom of page. BAL CE SHEET Over the page your Balance Sheet shows Total Assets of £479.51 l. This amount is calculated by Assets of 392.471 minus Depreciation carried forward of £46,263, plus Bar Stock of £4.702, plus our three hall accounts totalling £128,601. Again I would remind you that the kntal of £392.471 is calculated from the original cost of the building and NOT the building's cuent worth. l am not sure but we may have to have our building valued in preparation for our CIO ststus change. we shall see. Our total Assets rninus our Liabilities of £1,155 give us a Net Asset figure of £478.356. The £130 you see in the breakdown represents a historical figure for use of the land housing the bus shelter. Coven Memorial hall is a beautifijl Hall, served by volunteers who feel proud to do so. Our Hall continues to prospcr because of your enthusiasm and hard work. THANK YOU.
MORIAL 2022 2021 INCOME Hall Lettings Grants and dOnaS receivatle Events Social Club Bar- Rent Social Club Bar- Covenanted Profft Furlough funding Compensati Interest R6c6ivabl8 40752 5547 21196 17744 1976 4889 5514 52 53841 43835 EXPENDITURE 14161 3643 746 1876 7019 2725 214 420 7926 514 14653 5503 El8clric & Gas W8ler & Refuse Insurances Malntenance 8nd Cleanln9 Sundries Bank Charges AUnta[ Oeprecialion Computer Softwar& 1719 6624 3027 115 420 7626 482 39244 41117 NET SUPLUS I {OEFICIT) FOR THE YEAR 14597 2718
COVEN MEMORIAL HALL BAR TRADING AND PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2022 2022 2021 Takings 31.419 15,462 Cost of Goods sold.. Opening Stock Purchases 4,454 15,561 500 12,013 20,015 12,513 Closing Stock 4,702 4,454 15,313 ,059 Gros5 Profit 51.2%12021'.47.8%1 16,106 7,403 Less Expenses: Wages iient Heat & Light Legal & Professional Charges Repairs and Maintenance Bank Charges 4,980 1.976 1,047 330 108 288 165 309 8.282 2,121 NET SURPLUSIIDEFICITI FOR THE YEAR 7,824 5.282
COVEN MEMORIAL HALL BALANCE SHEET AS AT31 DECEMBER 2022 2022 2021 ASSETS Buildin8s & Equipment Additions 392,471 386.302 Total 392,471 386.302 Depreciation carried éoTh¥ard 146.2631 138,3371 Net 346,208 347.965 Stock Oefjto BonkAccounts Main Hall accounts Premium Tracker- R¢of fund 4.702 4,454 52,818 26.131 49.652 29.580 26.128 49.603 133.303 109,765 TOTALASSETS 479,511 457.730 LSA8ILIT5ES LettinBs in advance IOT 202112022 Other Creditors and Accruals Capital Loaft 73S 420 1,375 420 TOTAL LIA81LITIES 11.1551 11.7951 NET ASSETS 478,356 Reoresented bv.. Loan re Land oof reoair fund Accumulated Fund BIFwd. Surplus foryear Accumulated Fund C/Fwd. 130 35.375 130 35,375 420.430 22.421 442.851 442,851 420.430 412,430 420,430 478.356 455,935 Approved by Mrs J Carr 17th March 2023