Annual Trustee Report for charity commission, fnancial year 2023/2024
Finances for the financial year 2023/2024 were tight and we proceeded to tighten our budget where possible.
Total income: £123,630
Total expenditure: £134,054
We looked into the possibility of redundancies and amended staff contracts following meetings with all involved. One member of staff resigned at the end of the financial year.
Rent costing has remained stable but other overheads have increased. We will look at a fee increase ahead of the new academic year in September 2024 to help us remain sustainable for the next financial year.
The committee is in a strong position with new members signing up, they are being supportive to management in decisions and volunteering when needed to support staff.
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