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ABBOTS BROMLEY VILLAGE HALL

Registered charity 522645 · accounts filings on the Charity Commission register · also known as ABBOTS BROMLEY AND DISTRICT INSTITUTE

Provides buildings/facilities/open space

Causes: Arts/culture/heritage/science · Amateur Sport · website · Get email alerts

Latest income
£47k
Latest spending
£24k
Registered
1963
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a significant deficit of £50,458 for the year ended December 2024, resulting in a sharp decline in accumulated funds from £68,782 to £18,324. The trustees' report notes that the bank account is at a low level due to the recent purchase of a field, though it remains sufficient to meet the recommended reserve target. Consequently, the charity emphasizes the need to continue fundraising to bolster its financial position.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy (held: £18k; policy: recommended reserve)
“Due to the purchase of the field our bank account is at a low level though remains just enough to meet the recommended reserve.” — page 1
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“Due to the purchase of the field our bank account is at a low level though remains just enough to meet the recommended reserve.” — page 1
Per its FY2024 accounts as filed with the Charity Commission.
Governance: Transitioning to executive committee format as recommended by Charity Commission to limit personal liabilities.
“We are transitioning to the new format of an executive committee as recommended by the Charity Commission in order to limit our personal liabilities.” — page 1
Per its FY2024 accounts as filed with the Charity Commission.

Discloses 4 of 6 completeness components.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Staffordshire

Income and spending

Financial year endIncomeSpending
31/12/2024£47k£24k
31/12/2023£47k£24k
31/12/2022£30k£49k
31/12/2021£40k£24k
31/12/2020£41k£25k

Common questions

Is ABBOTS BROMLEY VILLAGE HALL financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a significant deficit of £50,458 for the year ended December 2024, resulting in a sharp decline in accumulated funds from £68,782 to £18,324. The trustees' report notes that the bank account is at a low level due to the recent purchase of a field, though it remains sufficient to meet the recommended reserve target. Consequently, the charity emphasizes the need to continue fundraising to bolster its financial position.