HARTINGTON VILLAGE HALL : Draft 1 BUDGET PLAN 2023/2024
Notes:
- Our financial year is September – August.
- Monies held in accounts as at 31/08/2023 : £13,260
INCOME 2021/22 with budget forecast for 2022/3.
|
|
2021/2 Actuals |
2022/3 forecast |
2022/3 Actuals |
2023/4 Forecast |
Sept 2023 – Feb 2024 actuals |
|
Local Hire |
£6,955 |
£7,500 |
£10,423 + |
£11,000 |
|
|
External Hire |
£1,301 |
£3,000 |
£2,078 – |
£2,500 |
|
|
TOTAL HIRE |
£8,256 |
£10,500 |
£12,502 + |
£13,500 |
£7530 (56%) |
|
Small Society Lottery |
£5810 |
£5,560 |
£5,700 + |
£5,650 |
£2625 (but 2023/4 overall at £5950) |
|
Donations |
£1225 |
£250 |
£1508 +
|
£300 |
£132 (44%) |
|
Gift Aid |
0 |
£100 |
£638 + |
£50 |
£25 (50%) |
|
Fund raising events |
0 |
£2,500* |
£2,140 |
£1000 |
|
|
Church contribution to broadband |
£50 |
£50 |
£58 +
|
£58 |
|
|
Plant sales |
0 |
£500* |
– |
£250 |
|
|
TOTAL FORECAST ADDITIONAL INCOME |
£7,085 |
£8,960 |
£10,439 |
£7,308 |
£2782 (38%) |
|
TARGET FOR GRANT INCOME |
£7,720 |
£15,000* |
£7500 _ |
£13,100 |
£13,683 (105%) |
|
TOTAL INCOME |
£23,061 |
£34,460 |
£33,120 – |
£33,908 |
£26,777 (79%) |
EXPENDITURE forecast for 2022/3.
|
|
Actual Sept 21-Aug 22 |
Actual Sept 22-Aug 23 |
Forecast Sept 23 – Aug 24 |
Actuals Sept 2023-Feb 2024 |
|
Inspections (Fire/PAT/Lighting) |
£421 |
£1070 – |
£800 |
£402 (50%) |
|
Repairs & maintenance |
£2,194 |
£1156 – |
£2000 |
£1420 (71%) |
|
New heating system |
£19,757 |
0 |
0 |
0 |
|
Asbestos removal |
£3,252 |
0 |
0 |
0 |
|
Replacement windows in Upper Bakehouse |
Installed June ’22. |
£960 |
0 |
0 |
|
Roof / gable wall repairs |
|
£5270 |
0 |
0 |
|
Electric |
£587 |
£941 |
£2400 |
£1242 (52%) |
|
Oil |
£1853 |
£1307 |
£1600 |
£ 787 (49%) |
|
Insurance |
£939 |
£1031 |
£1100 |
£1064 (97%) |
|
Refuse collection |
£396 |
£482 |
£520 |
£247 (48%) |
|
Lottery licence |
£20 |
£20 |
£20 |
£20 (100%) |
|
Lottery prizes |
£1700 |
£1600 |
£1800 |
£1000 ( 56%) |
|
Music licence |
£201 |
£139 |
£176 |
£176 (100%) |
|
Accountancy fees |
£150 |
£150 |
£200 |
|
|
Telephone/Broadband |
£333 |
£359 |
£380 |
£176 (46%) |
|
Cleaning materials |
£145 |
£352 |
£350 |
£70 (20%) |
|
First aid supplies |
0 |
0 |
£20 |
|
|
Stationary/postage |
0 |
0 |
£20 |
|
|
Miscellaneous |
£300 |
£1098 |
£500 |
£365 (73%) |
|
Events |
|
|
|
£554 (100%) |
|
TOTAL Operational costs |
£32,173 |
£16,084 |
£11,886 |
£7523 (63%) |
|
Toilet refurbishment estimate |
|
|
£16,500 |
£18,378 (111%) |
|
Total Costs |
|
£40,930 |
£28,386 |
£25901 (91%) |
Forecast surplus for 2023/4 : £5,522
The above assumes a weekly operational hire income of £260 set against an operational weekly cost of £229 . The operational income only considers hire income.
In conclusion, the above budget plan was proposed with an anticipated surplus of £5,522 and at the mid point of the year it looks like this should broadly be the case. However two maintenance priorities look to deserve to be brought forward:
- Replacing the rear doors given deterioration over time and the wet winter. Cost £3,100
- Replacing the lights in toilets, corridor, foyer and Lower Bakehouse. Anticipated cost c£1500.
As at 01/03/2024 we hold £11,072 in our Nat West account.
I therefore propose that both maintenance issues should be actioned.
Keith Quine
Chair of Trustees
04/03/2024