OTTERSHAW VILLAGE HALL
Providing a Village Hall for the use of the inhabitants of the area of benefit, for meetings, classes or other forms of recreation and leisure time occupation for their social welfare, with the object of improving their conditions of life.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net operating deficit of £11,606 for the year ended 31 December 2024, primarily due to a depreciation charge of £10,026 applied to the Hall building. Despite this deficit, the trustees report that the Hall remains in a strong financial position with unrestricted reserves of £66,873, which are considered adequate to cover future losses or unexpected expenses.
What the accounts disclose
“Operational income comes from Hall rentals. During 2024, this income still remained slightly lower than pre-pandemic levels.” — page 5
“The reserves policy is to maintain at least twelve months’ operating expenses (in 2024, approximately £30,000) as a reserve throughout the year.” — page 6
Trustees
- John Fawcuschair
- Brian Arthur Williams
- Christopher Gorham
- DIANA SUSAN SPARKES
- Johanna Wiltshire
- Julia Williams
- Kevin Paul Fuller
- Peter Williams
- Rachel Jane Fuller
- Stuart Logan
- WILLIAM MATTHEWS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £28k | £28k |
| 31/12/2023 | £29k | £30k |
| 31/12/2022 | £28k | £28k |
| 31/12/2021 | £35k | £17k |
| 31/12/2020 | £27k | £22k |
Common questions
Is OTTERSHAW VILLAGE HALL financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net operating deficit of £11,606 for the year ended 31 December 2024, primarily due to a depreciation charge of £10,026 applied to the Hall building. Despite this deficit, the trustees report that the Hall remains in a strong financial position with unrestricted reserves of £66,873, which are considered adequate to cover future losses or unexpected expenses. Its FY2024 accounts were independently examined.