The table provided delineates the financial performance of Harckley Hall, a public venue for hire, over a three-year period, specifically examining its income and expenditure.
Overall, it is evident that while total income exhibited marginal fluctuations across the years, expenditure consistently increased, resulting in a decline in profit over the observed period.
In detail, the income derived from the Hiring Room reflects a slight decline, recording £34,000 in Year 1, an increase to £35,000 in Year 2, which represents a growth of approximately 2.94%, followed by a reduction back to £34,000 in Year 3, indicating no overall change from Year 1. The Cafe’s income showed a contrasting trend; it began with £3,500 in Year 1, experienced a significant contraction of 14% in Year 2 to £3,000, but subsequently rebounded by 33% in Year 3 to £4,000.
Additionally, funding from the Local Council remained stable at £22,000 for the first two years before slightly declining to £21,000 in Year 3. Conversely, funding from alternative sources witnessed a gradual increase, rising from £24,000 in Year 1 to £27,000 in Year 3. Consequently, the total income saw a modest rise from £83,500 in Year 1 to £85,000 in Year 2, followed by a decrease to £84,000 in Year 3. In contrast, total expenditure escalated from £56,000 in Year 1 to £62,000 in Year 3. This disparity resulted in decreasing profits, which stood at £27,500 in Year 1, £25,000 in Year 2, and culminated at £22,000 in Year 3.