Jubilee Hall going bust?

The 2010/11 accounts make grim reading for Jubilee Hall. With flooding closing the hall for sometime, the parlous state of its finances means it will have to either rely on a Town Council subsidy to continue or go bust.

The Hall made a surplus of £2,426 for the year. Of which £3,197 came from the Grants made by the Town Council. Without those grants the Hall would be close to bust.

The rent has risen from £1,197 to £6,500 for this current year, which according to the accounts they are not paying as their reserves are close to exhaustion. Even if the Town Council supports Jubilee Hall by doing a museum whereby the rent is charged and a grant is made for the same amount this doesn't undo the fundamentals that the Hall is nearly bust.

So what of the future. In 2009/10 the Hall made a loss of £4,876. Though £1,196 was for rent owed to the Town Council and another £1,196 for previous year. The fundamentals of this loss haven't changed. Unless the Town Council actually starts supporting this Hall financially there would be no alternative for the Town Council to take over this Hall.

But this isn't necessarily good as the money to run this Hall will therefore be charged to the Town Council.

This is not a good place to be in. Either option will cost the Town Council (and therefore the Council Taxpayer) money. If the Town Council does takeover this Hall it will have to pay out. If the Town Council
doesn't pay up then it will have to be ready to take this hall over.

The fate of this Hall is in the Town Councils hands. The Hall isn't paying the new rent and the Town Council hasn't decided on whether to pay the hall the equivalent of the rent.

Not an easy decision to take and my instincts are to take this building into the Town Council and run it with a Management Committee, instead of a charity, managing the bookings and day to day operations with the Town Council taking responsibility for the building, decoration, heating equipment and electricals. Or the Town Council could manage the Hall itself.