Hall Accounts 2017
Kilmun Hall and Recreation Association (Registered Charity SC025824)
Treasurers report for Annual General Meeting, 19th June 2017.
This year has been a good one for the hall. Our total income for the year was £8570.38, whilst our expenditure was £6596.81. This gave us a surplus of £1973.57 for the financial year, which ran from April 1st 2016 to March 31st 2017.
The £1800 which we lost, when Scotclad went bankrupt, (in the middle of doing the work on the dry rot), has been recovered.
Our main source of income continues to be the monthly Flea Market, and this has brought in the sum of £3895.27.
We had an income of £2959 from lettings including £430 from Argyll and Bute Council for the use of the hall as a polling station. A further £1716.11 came from events and donations, including £639 from the 50/50 scheme
One the expenditure side, the two largest payment were £ 2071.32, paid to the Charity Bank for the mortgage, and £2080.84 to NFU for insurance
This leaves a balance in the bank account of £5872.01, which is unrestricted, but I would suggest that we should aim to keep around £5000 in the fund for running the hall and emergencies.
The determination to restore the hall to its former condition is one we all share, and funding sources will be explored this year to that end. The Hall is necessary to the community, and to let it deteriorate further will be to put its future at risk. There are many local people willing to volunteer their time to help us do this.
Russell Humphreys (Treasurer)
Accounts for Kilmun Younger Hall 2016-2017
Opening Balance as at 1.4.16. £3898.44
Ledger Total £5872.01
Closing Bank Balance as at 31.3.17 £5872.01
Surplus for year on Bank statement £1973.57