Hall Annual Accounts
Metfield Village Hall financial year runs from 1st April to 31st March. The Annual Accounts are prepared by Van Dijk Accountants Ltd, Halesworth who we thank for their generous ongoing advice and support.
The accounts encompass the finances of operating and hiring out the Village Hall premises and also the running of the Village Hall Bar.
As required by law, the annual accounts are published on the Charity Commission website by 31st January at the latest each year.
The year to 31 March 2018 was the first full operating year since the reopening of the Village Hall after the major facilities upgrade financed by a grant from the Big Lottery Fund. Total Income during this period was £42,491 while Total Expenditure was £31,064.
This performance is well ahead of that forecast in the business plan on which our Lottery Grant was predicated. This is due to the dedication of the many volunteers who give freely of their time to run the Hall and Hall Bar together with the continuing support of all the hirers of our excellent facilities and particularly the loyal commitment of the residents of Metfield and the surrounding area.
This result means that Metfield Village Hall finances are now on a much more sound footing and the Hall is no longer under a constant financial pressure to survive.
The year to 31 March 2019 was a period of routine hall activities without any grants impacting the financial results. Total income was £30,638 and total expenditure was £30,022, leaving a profit for the year of £616. This compares with a profit of £11,427 in 2017/18, with the difference largely due to the 2017/18 figures including a final portion of lottery grant amounting to £10,097.
Village Hall bar income in 2018/19 amounted to £24,594, down slightly from the previous year’s total of £25,217. Hall bookings were also down in 2018/19 at £4,439 versus £5,425 due to a some of our regular hirer’s ending their commitment. However, in 2019/20 there have been some additional bookings, so this downturn may be reversed in the next financial year.