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 cu￿ent 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 dOna￿￿S 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
A￿Unta[
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