Association of Friends of
RMBI Prince George, Duke of Kent Court
AGM 2025
Trustee’s Report
The accounts for 2024 have been distributed and I trust will be easily understood. There remains only a few areas that may be to be explained which I will attempt here, but please feel free to question me in person at the AGM.
Our Total Income was up by approximately £17,873, mainly due to the £18,600 total donated towards the step-lift, with pluses and minuses across the usual income sources – for example, Patronage/Grand Patronage was up by nearly £1,000 whereas other donations were down by almost the same amount.
Bank Interest brought a very welcome additional sum of approximately £240 vs the previous year and bank charges remained about the same.
The 500 Club Membership, is still far short of the ideal 500, despite efforts throughout the year by Mike, Fred, Phil and myself. Worryingly, Gross Income from this source was down by £300 – a loss of 6 subscribers. The demographics were :-
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West Kent 103
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East Kent 28
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London 8
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Kent (Mark, RAM, etc) 2
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Individual Subscribers 45
On the Expenditure side , there are similar Pluses and Minuses vs the previous year. The biggest expense was, of course the step lift. This cost us £19479 - £879 more that the donations towards it. The Sensory garden, at £3,554, cost us only £107 more than we had donations ring-fenced for it. This is due, in a large part, to our Deputy Chairman, Fred Halligan and home manager Nina, obtaining some really good deals on plants and furniture.
The other major increase in expenditure was entertainment – up by £1,380
– Overall, our Expenditure exceeded Income by £2,986 an approximate £4.3k reversal. NOTE : This somewhat misleading, given the ring-fenced assets used
On the Balance Sheet , one figure, other than the Ring-fenced amount previously noted, needs a little explanation:-
- The £2,500 Prepayment to Nordoff Robins is the fee from 01/01/25 to 30/06/25 – pre-paid in 2024 - in order that we could continue to receive a substantial discount arranged by our previous chairman. Subsequently, we received a refund against this, in 2025, as N-R found it impossible to provide the service for the same price/session. Nina now has our original therapist, Ellie Fletcher, back and undertaking the therapy as self-employment and I am invoiced, by her, each month at £111 per weekly session undertaken.
Overall our accumulated funds are up by approximately £462. Not bad, but not good either.
You will note that we have just over £74.5k nett assets in two bank accounts. This looks like a lot of money to have “sitting around doing nothing”, however, at a recent Residents’ and Families’ meeting, it was suggested that new garden furniture and/or better cushions would be required with the hope that funding would be available from the AofF along with some other - as yet unspecified – expenditure.
Andrew
RMBI Association of Friends, Chislehurst Statement of Accounts for Year Ending 31 December 2024 INCOME AND EXPENDITURE FOR YEAR ENDED 31 December 2024
| Note Subscriptions & Donations Annual & Life Subscriptions Patronage & Grand Patronage 500 Club Income Less Accrued Prize to be Paid Paid to A of F for 500 Club Numbers Christmas Fair Tickets Donation towards Christmas Party 2022 Donations for Step Lift Other Donations Sub Total Subs & Donations Fund Raising Events Donations towards Fireworks Miscellaneous 1 Sub Total Fund Raising Bank Interest and Charges Net Interest or (Charges) Current Acct. 2 Net Interest or (Charges) Savings Acct. Sub Total Banking Fairs and Other Events Summer Bar-B-Q inc Entertainment Sub-Total Voted Expenditure Music Therapy Entertainment (Sept - Nov Accrued) Coronation Party 2023 Residents' B'Day Presents Residents' Morning Coffee Residents' Christmas Presents (Accrued 2024) Fireworks Residents' Christmas Party 2023 3 Residents Christmas Party 2024 (Accrued) Web-site Fees Sensory Garden Equipment & Planting Accrued & Ringfenced for Sensory Garden Step Lift Monies Transferred to 500 Club Miscellaneous 4 Sub-Total Voted Expenditure Administration Treasurer's & Chairman's Mailings Sub-total administration INCOME EXPENDITURE TOTAL EXPENDITURE SURPLUS / (DEFICIT) FOR THE YEAR TOTAL INCOME |
£ £ £ £ 15.00 5.00 2,790.00 1,819.91 6,550.00 7,200.00 - 50.00 1,293.24 - - 1,293.00 18,600.00 - 3,078.00 4,045.00 32,326.24 14,412.91 250.00 - - 530.00 250.00 530.00 (69.48) (69.60) 1,180.66 941.09 1,111.18 871.49 33,687.42 15,814.40 1,868.03 800.00 1,868.03 800.00 5,000.00 5,000.00 3,125.46 1,745.00 - 1,477.60 112.90 573.49 252.93 366.58 928.04 891.95 500.00 450.00 (684.00) 1,580.00 1,500.00 - 72.57 73.14 3,553.53 - 945.05 530.00 19,478.62 - 50.00 20.00 1,008.48 34,805.10 13,746.24 - - - - 36,673.13 14,546.24 (2,985.71) 1,268.16 2024 2023 |
£ £ £ £ 15.00 5.00 2,790.00 1,819.91 6,550.00 7,200.00 - 50.00 1,293.24 - - 1,293.00 18,600.00 - 3,078.00 4,045.00 32,326.24 14,412.91 250.00 - - 530.00 250.00 530.00 (69.48) (69.60) 1,180.66 941.09 1,111.18 871.49 33,687.42 15,814.40 1,868.03 800.00 1,868.03 800.00 5,000.00 5,000.00 3,125.46 1,745.00 - 1,477.60 112.90 573.49 252.93 366.58 928.04 891.95 500.00 450.00 (684.00) 1,580.00 1,500.00 - 72.57 73.14 3,553.53 - 945.05 530.00 19,478.62 - 50.00 20.00 1,008.48 34,805.10 13,746.24 - - - - 36,673.13 14,546.24 (2,985.71) 1,268.16 2024 2023 |
|---|---|---|
| 15,814.40 | ||
| 800.00 13,746.24 - |
||
| 14,546.24 | ||
| 1,268.16 |
BALANCE SHEET as at 31 December 2024
| PRE-PAYMENTS Music Therapy for 01/01/25 to 31/07/25 Website Hosting from 01/01/25 to 30/06/25 Lloyds 500 Club Account Remainder of HSBC A of F Accounts Pre-paid 500 Club Banked Accrued December 500 Club Prize Ringfenced for Sensory Garden Creditors and Accrued Expenditure Balance b/f at 1 January Surplus or (Deficit) for the year Ringfenced Monies Released 5 Balance c/f at 31 December 500 CLUB ACCOUNT Balance b/f @ 01/01 Gross Income Total Prizes Awarded Refunds Prize Monies re-donated by Lodges Net Income Balance c/f @ 31/12 Pre-payments Received for 2023 onwards Balance at Lloyds Bank CURRENT LIABILITIES NET CURRENT ASSETS ACCUMULATED FUNDS - o O - o O CURRENT ASSETS |
9,350.00 (2,600.00) (100.00) - o - o - |
2024 £ 2,500.00 72.57 19,550.00 56,554.61 (100.00) (100.00) - (3,964.04) 74,513.14 74,051.60 (2,985.71) 3,447.25 74,513.14 - £ 12,800.00 9,650.00 (2,700.00) - 250.00 6,650.00 19,450.00 100.00 19,550.00 |
2023 £ 2,500.00 15.54 12,950.00 64,526.79 (150.00) (2,502.20) (3,288.53) |
|---|---|---|---|
| 74,051.60 | |||
| 72,783.44 1,268.16 |
|||
| 74,051.60 | |||
| - £ 5,600.00 7,200.00 |
|||
| 12,800.00 150.00 |
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| 12,950.00 | |||
NOTES on these ACCOUNTS
1
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2 Bank Charges from HSBC of £60/annum + Cheque Deposit Charges
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3 Catering for the Christmas Party 2023 was estimated and accrued at £1400. The invoice presented in 2024 was £716.
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4 Re-registration of 500 Club (£20) 5 £2502.20 Ringfenced up to 12/2023 plus £945.05 from this year.
Andrew Houston -Treasurer
We have verified the attached Income & Expenditure Accounts and the bank and other balances shown. They are in accordance with the books and other records and give a true and fair view of the Association's funds and the Balances at 31 December 2024.
Peter Lamond - Auditor
Dick Peryer - Auditor
The Examiner’s Report is at the foot of the accounts