EASTREA VILLAGE HALL TRUST
To operate a village hall (known as 'The Eastrea Centre') for the village of Eastrea and the neighbourhood, without distinction of gender or of political, religious or other opinions, and in particular for use for meetings, lectures and classes and for other forms of recreation, and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.
Financial health, per its FY2024 accounts
The accounts state that the charity held £23,425.54 in unrestricted reserves at year-end 2024, which the trustees designate for unforeseen building maintenance or equipment replacement. The trustees report significant budget cuts are required due to increased utility and cleaning costs, and a major booking fell through, requiring difficult decisions to maintain financial stability. Despite these challenges, the charity remains self-financing through hall hires and volunteer efforts, with future expansion plans currently on hold due to financial restraints.
What the accounts disclose
“Day to day running costs are the main burden on the hall and require circa 80% of our income to maintain the hall at the current standard.” — page 6
“The charity held £23,425.54 in the bank as unrestricted reserves at year end 2024. This cash is for unforeseen expenditure in relation to building maintenance or urgent furniture or equipment replacement.” — page 5
“Our primary concern remains to maintain stability with a view to keeping the centre as a fresh and vibrant location to attract new hirers.”
Property (HM Land Registry)
Trustees
- RITCHIE WALTONchair
- Barry Wainwright
- Katharine Hopcraft
- MR McKinley Erysthee
- Marsha Erysthee
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £31k | £43k |
| 31/12/2023 | £27k | £33k |
| 31/12/2022 | £31k | £32k |
| 31/12/2021 | £31k | £19k |
| 31/12/2020 | £20k | £22k |
Common questions
Is EASTREA VILLAGE HALL TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity held £23,425.54 in unrestricted reserves at year-end 2024, which the trustees designate for unforeseen building maintenance or equipment replacement. The trustees report significant budget cuts are required due to increased utility and cleaning costs, and a major booking fell through, requiring difficult decisions to maintain financial stability. Despite these challenges, the charity remains self-financing through hall hires and volunteer efforts, with future expansion plans currently on hold due to financial restraints. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 18/06/2013 | £5k | "Heritage Fayre for the village of Eastrea" |