1. Combined 2024–2025 Financial Overview
Over the two-year period ended 31 December 2025, the St Agnes Local Improvements Committee continued to generate strong and reliable income from its car park operations, which remain the Committee’s principal funding source. Across both years, income levels were sufficient to support significant reinvestment into community grants, maintenance, and local improvements.
In 2024 , total turnover was £29,962.57 , while in 2025 this increased to £33,378.01 , driven primarily by higher income from the parking ticket machine. Gross profit remained strong in both years, reflecting effective control of direct operational costs.
The key difference between the two years relates to the timing and scale of expenditure . In 2024, the Committee undertook a particularly high level of spending on community grants and improvements , resulting in an operating deficit for the year. In contrast, 2025 saw slightly reduced discretionary expenditure, allowing the Committee to broadly balance income and expenditure and return a small operating surplus.
Across both years, the Committee demonstrated a consistent strategy of using car park income to fund community benefit and maintain local infrastructure, rather than to generate significant retained surpluses.
2. Key Year-on-Year Movements (2024 vs 2025)
Income
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Total turnover increased by £3,415.44 (from £29,962.57 to £33,378.01).
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Parking ticket machine income rose by £3,567.54 , indicating higher usage or improved collection.
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Donations decreased significantly in 2025, though they were not a material income source in either year.
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Interest income declined slightly in 2025, reflecting lower balances or interest rates.
Costs of Sales
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Total cost of sales remained broadly stable ( £2,778.21 in 2024; £2,873.66 in 2025 ).
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Bank fees reduced in 2025, partially offset by higher electricity costs.
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Overall, direct costs continued to represent a small proportion of turnover , preserving a strong gross margin.
Administrative Costs
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Administrative costs fell by £1,330.69 in 2025.
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Grants to community organisations decreased by £681.67 , though they remained the largest single expense.
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Spending on improvements fell signifcantly in 2025, indicating that 2024 included a higher level of one-off or capital-style projects.
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Maintenance costs remained high in both years, reflecting the ongoing requirement to maintain public facilities.
Operating Result
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2024: Operating deficit of £4,410.11
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2025: Operating surplus of £240.57
This improvement of £4,650.68 year on year reflects increased income combined with more moderate discretionary expenditure.
3. Trustees’ / Committee Annual Report Wording
(Suitable for statutory accounts or AGM papers)
Financial Review
During the year ended 31 December 2025, the Committee generated income of £33,378 (2024: £29,963), primarily from the operation of the St Agnes car park. Direct operating costs were well controlled, resulting in a strong gross surplus of £30,504 (2024: £27,184).
The Committee continued to apply its income for the benefit of the local community through grants, maintenance of facilities, and improvements to local infrastructure. In 2024, expenditure on grants and improvements exceeded annual income, resulting in a deficit of £4,410. In 2025, a reduction in discretionary spending, together with increased income, resulted in a small operating surplus of £241.
The Committee’s financial performance over the two years reflects a deliberate policy of reinvesting car park income into community benefit rather than generating significant reserves. The Committee remains financially sustainable, supported by a stable income stream and prudent management of ongoing costs.
If you’d like next, I can:
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tailor this for Charity Commission / CIC wording ,
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add a reserves policy paragraph , or
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turn the year-on-year movements into a one-page summary table for an AGM .
all three
Brilliant — here are all three , written so you can drop them straight into formal documents, with clear, compliant wording.
1. Charity Commission / CIC–Style Financial Review
(Formal, regulatory-friendly wording)
Financial Performance and Review
The St Agnes Local Improvements Committee’s principal source of income continues to be revenue generated from the operation of the local car park. For the year ended 31 December 2025, total income amounted to £33,378 (2024: £29,963 ).
Direct costs associated with income generation remained low and well controlled in both years, resulting in strong gross surpluses of £30,504 in 2025 and £27,184 in 2024 . This reflects efficient management of operational expenses related to the car park.
The Committee applied its funds primarily towards its charitable objectives, including grants to community organisations, maintenance of local facilities, and investment in improvements. In 2024, the Committee incurred higher-than-usual expenditure on grants and improvements, resulting in an operating deficit of £4,410 . In 2025, expenditure levels reduced slightly while income increased, leading to a small operating surplus of £241 .
The Committee considers its financial position to be stable and continues to manage its resources prudently to support ongoing and future community benefit.
3. One-Page AGM Summary (Plain English)
Financial Summary: 2024–2025
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The Committee’s main income source is car parking , which performed strongly in both years.
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Income increased in 2025 due to higher parking ticket machine receipts.
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Direct running costs remained low , meaning most income was available for community benefit.
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In 2024 , the Committee spent heavily on:
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Community grants
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Local improvements
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Maintenance works
This resulted in a planned operating deficit.
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In 2025 , spending levels reduced slightly and income increased, leading to a small surplus .
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Over the two years, the Committee:
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Invested heavily in the local community
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Maintained and improved public facilities
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Remained financially sustainable without building large reserves
In summary: the Committee continues to use car park income effectively to support St Agnes, balancing financial stability with meaningful community investment.
How Your Car Park Supports St Agnes
Financial Summary for 2024–2025
Income from the St Agnes car park continues to play a vital role in supporting our village. Over the past two years, car park usage has remained strong, with income increasing in 2025 thanks to higher use of the ticket machine.
Because the day-to-day running costs of the car park are relatively low, most of this income can be reinvested directly back into the community. This has allowed the Committee to provide substantial grants to local organisations, carry out regular maintenance, and fund improvements to shared spaces and facilities.
In 2024, the Committee deliberately spent more than it received in order to fund a higher level of community grants and improvement projects. This resulted in a planned short-term shortfall for the year. In 2025, income increased and spending reduced slightly, bringing finances back into balance and resulting in a small surplus.
Overall, the Committee remains financially stable and focused on its core purpose: using car park income to maintain local facilities and support community life in St Agnes. Rather than building up large reserves, funds are used where they can make the greatest difference for residents and visitors alike.
Profit and Loss
St Agnes Local Improvements Committee For the year ended 31 December 2025
| Profit and Loss St Agnes Local Improvements Committee For the year ended 31 December 2025 |
|||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Turnover | |||
| Car Park Income: Honesty Box | 232.66 | 686.87 | 2,576.96 |
| Car Park Income: Manual Collection | - | - | 7,080.00 |
| Car Park Income: Parking Ticket Machine | 32,260.52 | 28,692.98 | 19,391.80 |
| Donation: St Agnes Parish Council | - | - | 1,800.00 |
| Donations: Misc | 431.94 | 2.90 | 1,346.40 |
| Interest Income | 452.89 | 579.82 | 221.02 |
| Total Turnover | 33,378.01 | 29,962.57 | 32,416.18 |
| Cost of Sales | |||
| Bank Fees | 1,334.78 | 1,761.98 | 1,354.94 |
| Car Park Costs: Electric | 826.15 | 281.91 | 114.29 |
| Car Park Costs: WFI | 554.40 | 600.60 | - |
| Direct Expenses | 158.33 | 150.00 | - |
| Telephone & Internet | - | (16.28) | 205.78 |
| Total Cost of Sales | 2,873.66 | 2,778.21 | 1,675.01 |
| Gross Profit | 30,504.35 | 27,184.36 | 30,741.17 |
| Administrative Costs | |||
| Consulting | 100.00 | - | - |
| General Expenses | 471.63 | 518.99 | 635.62 |
| Grants Given to Community Organisations | 15,838.33 | 16,520.00 | 5,214.35 |
| Improvements | 3,315.55 | 6,636.97 | 1,845.96 |
| Insurance | 803.95 | 482.75 | 455.88 |
| Interest Paid | - | 0.17 | 0.33 |
| IT Software and Consumables | 548.68 | 494.66 | 120.14 |
| Maintance: Gardening | 4,821.90 | 2,792.39 | 1,853.75 |
| Maintance: Parking Ticket Machine | 1,074.12 | 595.96 | 1,761.90 |
| Maintance: Seats | 9.60 | 518.92 | 3,102.54 |
| Maintenance: General | 2,825.93 | 2,579.57 | 1,112.00 |
| Rates | 454.09 | 454.09 | 274.38 |
| Total Administrative Costs | 30,263.78 | 31,594.47 | 16,376.85 |
| Operating Profit | 240.57 | (4,410.11) | 14,364.32 |
| Profit on Ordinary Activities Before Taxation | 240.57 | (4,410.11) | 14,364.32 |
| Profit after Taxation | 240.57 | (4,410.11) | 14,364.32 |
Profit and Loss St Agnes Local Improvements Committee
10 Feb 2026 Page 1 of 1
Independent examiner's report on the accounts
Section A
Independent Examiner’s Report
Report to the trustees/ members of
Charity Name
St Agnes Local Improvements Committee
On accounts for the year 31[st] December 2025 Charity no 1057043 ended (if any)
Set out on pages
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 12 / 2025 .
Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention ~~(other than that disclosed below *)~~ in connection with the examination which gives me cause to believe that in, any material respect:
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accounting records were not kept in accordance with section 130 of the Act or
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the accounts do not accord with the accounting records
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Signed:[Cath Kell][y] Date: 02/02/2026
Name: Miss Cath Kelly
Relevant professional F.C.C.A qualification(s) or body (if any):
Address: Room 1, Tavistock Physio Clinic, Lamerton, Devon, PL19 8QA
October 2018
1
IER
Disclosure
Section B
Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
Give here brief details of any items that the examiner wishes to disclose .
October 2018
2
IER