Old Village Hall Finances

The village hall is a registered charity ( charity number 305160) and regulated by the Charity Commission.    The only income is from rental of the hall or of equipment such as tables or crockery.   The principal outgoings are maintenance, insurance and energy costs.

The hall generally runs at a loss and relies on donations and fundraising by the Appeal Fund (see below) to bridge the gap between income and outgoings.  In the year ending 31st March 2015 the hall lost £1,400 on an income of £1,700.  This year, having renewed the windows, the outcome is likely to be similar.  The bank balance in November 2015 stands at £3,000.

Hall maintenance costs have been very high over the years with the most recent major expenditure being the replacement of all the wooden windows with uPVC double glazed units. This was made possible due to the ongoing generous subsidy from Ashburnham Thanksgiving Trust which gives £3 for every £4 spent on maintenance provided that what we spend comes from fundraising.

Fundraising is, therefore, always kept separate in the Appeal Fund which in November 2015 has a bank balance of £3,500.   Because of the subsidy from Ashburnham Thanksgiving  Trust, it means we have the resources to spend four times that amount on village hall maintenance, but rest assured that the committee has no plans for any major expenditure in the foreseeable future!