Finance


This was the fourth year of fundraising to meet the cost of refurbishment of the Village Hall. It marked Phase 1 completion of project (replacement roof, insulation, new double glazed windows and doors, rewiring). Work progressed to Phase 2 (re-cladding of the Hall building in replacement timber together with construction of a new green oak porch with wood shingle cover). The external building works commenced in January 2018. 
 Grant awards received this financial period for capital costs have again been remarkable: £15,000 from Chichester District Council, £3,500 from The Bernard Sunley Charitable Foundation, £1,250 from West Sussex County Council, and £17,500 from The Monument Trust (SFCT). Income receipts also include donations totalling £6,250 from the local community (including Gift Aid repayment). Fundraising from the summer wine tasting evening, summer Parish party and Christmas party events amounted to £1,206. The sixth Redford Jazz evening in November raised £1,413.
 Costs associated with the Hall refurbishment were £48,616 in the period ending April 2018 compared to a cumulative total of £50,839 in 2016/17.
 Annual expenses for running the Village Hall are as follows: Cost overheads comprise building & liability insurance (£1,006 for 2 annual payments). Electricity charges (£454) decreased 33% due to installation of thermal insulation with building refurbishment. Water charges (£69) were as anticipated after compensation credited the previous year. Council Business rates (£173) increased 4% following revaluation changes in April 2017. 
 The consistent base of annual income has been the 10 Saturday Markets that raised £1,454 and covered 77% of normal running costs. 
 An online return summarising Redford Village Hall accounts is posted on the internet at the Village Hall and Charity Commission / gov.uk websites.


This was the third and final year of fundraising to meet the cost of replacing the bonded asbestos roof and refurbishment of the Village Hall (Phase 1).  The rebuild project commenced on 16th January 2017 due to the time constraint of some grant funding. On-going work will enable the building to have thermal insulation, to replace the doors and windows with low maintenance double-glazed units and re-wire to modern standards.
The Village Hall bank accounts had some £66,000 credit until payment of builder’s invoices commenced. Grant awards received this financial year for capital costs have been notable: £1,240 from West Sussex County Council, a further £5,000 from the Boltini Trust, £10,000 from the Big Lottery Fund (A4A) £10,000 from The Monument Fund (SFCT) and £2,500 from The Grange Community Association. £15,000 from Chichester District Council has been awarded but not received. Income receipts also include donations from local residents and a fundraising raffle.
Annual expenses for running the Village Hall are as follows: Cost overheads comprise building & liability insurance (£478). Electricity charges (£681) increased 10% due to winter heating costs that show the need for thermal insulation. Minimal water charges (£5) were paid due to compensation for a supply cut in 2014. Council Business rates (£167) are likely to increase with revaluation changes from April 2017. 
The consistent base of income has been the 10 Saturday Markets that raised £1,105 and meet 83% of annual running costs. 
An online return summarising Redford Village Hall accounts is posted on the Internet at both the Village Hall and Charity Commission websites.