## **BULWARK COMMUNITY CENTRE NOTES ON THE ACCOUNTS FOR THE FINANCIAL YEAR JUNE 1[ST] 2023 TO MAY 31[ST] 2024** ## **1.SUMMARY** There was a surplus for the year of £4830 Income at £98731 included £42485 grants from the Lottery Fund to cover refurbishment costs and grants of £20380 from Chepstow Town Council which included £12000 towards the 2024/2025 Operating Grant. . Expenditure at £ 93901 included refurbishment building costs of £47480 and £10670 consultancy fees relating to development and implementation of the refurbishment project. ## **2. INCOME** Rentals at £18551 were 16% higher than the previous year . As mentioned above grants of £72590 were received largely relating to the refurbishment project and Chepstow Town Council, but additionally from Mon CC for kitchen refurbishment and from Monmouthshire Housing Association for the Garden Project. Proceeds of £2051 from the weekly lunch reflected growing attendances at the lunches Up to here ## **3. EXPENDITURE** The largest element of expenditure was £47460 refurbishment costs paid in the financial year. Wages increased by 4% to £16776. There were large increases in utilities up 22% at £6050. Maintenance at £5664 included new guttering, electrical works, and numerous annual mandatory checks. ## **4. RESERVES** £14000 was held in the Charities Investment Fund and is the statutory requirement of the Charity Commission. A further £28215 was held in a Lloyds Saving Account held as a holding fund for refurbishment and follow up costs. ## **5. CURRENT AND FUTURE PROSPECTS** Recent trends show rentals increasing as the benefits of the refurbishment continue to attract new users. This gives us confidence to progress with further improvements. T.M. WOOD Treasurer for the Annual General Meeting to be held on 14[th] October 2024 |**BULWARKCOMMUNITYCENTRE ACCOUNTS**|**BULWARKCOMMUNITYCENTRE ACCOUNTS**|**BULWARKCOMMUNITYCENTRE ACCOUNTS**|**BULWARKCOMMUNITYCENTRE ACCOUNTS**|**BULWARKCOMMUNITYCENTRE ACCOUNTS**||| |---|---|---|---|---|---|---| |**FINANCIAL YEAR 1STJUNE 2023 TO 31ST MAY 2024**||||||| |**INCOME**||||**EXPENDITURE**||| |||||||| |||||||| |**Grants**||||||| |**Chepstow TownCouncil**||**20350**||**refurbishment (building costs)**||**47460**| |**Lottery Fund**||**42485**||**Wages**||**16776**| |**Mon cc kitchen project**||**12368**||**consultancy fees**||**10670**| |**Mon Housing Assoc**||**2232**||**Utilities**||**6050**| |**Total Grants**|||**77435 **|**Maintenance**||**5664**| |**Rentals**|||**18551 **|**Insurance**||**507**| |**café cash**|||**2051 **|**Rates**||**1275**| |**Charity Fund Interest**|||**694 **|**Equipment**||**1637**| |||||**Garden project**||**2088**| |||||**Web/publicity**||**885**| |||||**Cleaning etc supplies**||**219**| |||||**Refurb event**||**558**| |||||**Other expense**||**112**| |||||**Surplus for the year**||**4830**| ||||**98731**|||**98731**| |||||||| |||||||| |**Chepstow TC Grants includes £12000 reserved for 2024/2025**||||||| |||||||| |**Balance brought forward**||||||**54126**| |**Plus surplus for the year**||||||**4830**| |||||||**58956**| |**Represented by**||||||| |**Charity Fund Investment Ac**||||||**14000**| |**Lloyds "Saving Account" ****||||||**28215**| |**current account**||||||**16741**| |||||||**58956**| |||||||| |****Lloyds Saving Account ( includes funding for future refurbishment costs)**||||||| |**b/fwd from 2023**||||||**35695**| |**Interest**||||||**241**| |**transferred to current account (net)**||||||**-7721**| |||||||**28215**| |**T.M.WOOD**||||||| |**TREASURER FOR THE AGM OCTOBER 2024**||||||| |||||||| |||||||| |||||||| |||||||| CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trustées BULWARK COMMUNITY CEpifE MANAGEMENT TRUST 318Y 2024 On acwunts for the year ended Chartty no (rf any) 1048141 Set out on pages Ly I report to the trustees on my examination ofthe accounts of the above chanty (Ihe Trusf) for the year ended l i .Lo ZLF As the charity's trustees. you are reswBible for the preparation of the accounts in accordan￿ with the requirements of the Charities Act 2011 (Ihe Acr). Responslbilitles and bas18 of report I report in respect of ry examination of the Trusfs accounts carried out under sectN)n 145 of the 2011 Act and in carrying out examination, I have followed all the applicable DIrect￿nS given by the Charty Commission under section 14515)(b) of the A(L Indepondent trhe charitys gross in(x)Th* exceeded £250,000 and l am qualrfied to examlnerfs statemont undertake the examinatron by being a qualffied member of [insert name of applic2ble listed L¥)dy]]. Delet81] rfnot 8ppIKable. I have completed my eXaminat￿n. I wnfinn that no material matters have come to my attention in cOnnect￿n with the examination (other than that disclosed below ') which gives me cause to believe that in, any material the accounting records not kept in accordance wtth section 130 of the Charitiés Act.. or the accounts did not ac￿rd with the accountlng records; or the accounts did not comply with the applicable reqU1￿ments concerning the fom and content of accounts set OLrt in the Charities {Ac￿Unts and Reports) ReguMions 2008 other than any requirem8nt that the accwnts give a and fairf view which is not a matter considered as part of an indeFEnderrt examination. I have no concems and have come across no other matters in connection Wtth the examin&'on to which attentson should be drawn in this report in order to enable a woper understanding of the accounts to be reached. ' Plea* delete the V*Yxds in the brackets rftt￿Y do not apply. Dat•: Signed: /L/L/ L Name: Addres8: ov/ P¥4fi 6 G£lJ