Treasurer’s Report for AGM 2024
This is my second report to you as a treasurer and it is with pleasure I present to you our financial position over the last year January 2023 – December 2023.
The Centre of Pendeen has performed well throughout the year resulting in our closing balance for the year being £54,220.06 inclusive of savings.
Total income for the year was £38,729.87 with grant funding generating the majority of that at £20,000. This ‘n’ that sales generating £2197.36 which is lower than what we made in our previous year. However, snooker income has increased by around £600 over the year making a total income from membership and snooker meter to £2145.20.
Our expenditure for the year was £22,358.05, the majority of this is spread between wages at £7832.30, building maintenance at £5,409.91and utilities at £4,870.46. Comparing our building maintenance cost with the previous year it is drastically reduced however, our utilities cost has increased which has been expected as in general all utilities costs have increased this has been the same for us.
I am pleased to say that thanks to all of the snooker, events, grants and sales this has led to a net income of £38,729.87 for year ended December 2023.
The full breakdown has been shared in the Accounts which accompany the reports sent ahead of the AGM and are at the AGM.
As indicated by the Chair’s statement, the Trustees have agreed a multitude of funding sources and streams of income that will support the Centre of Pendeen to continue to reach its full potential.
I intend to take advantage of the lowering standard rates for utilities set by government being implemented in April to help lower our utility outgoings.
Finally, I would like to thank Lynda and Kim, both on a professional and personal level for being an integral part to the accounts team and Lynda for securing all the bookings of which have a great impact for our hall hire. I look forward to another interesting year of as much growth is possible for the centre.
----- Start of picture text -----
Jan 23 Feb 23 Mar 23 Apr 23 May 23 Jun 23 Jul 23 Aug 23 Sep 23 Oct 23 Nov 23 Dec 23 TOTAL
Start Balance 37,848.24 37,051.02 35,301.69 34,742.62 34,945.08 33,480.28 32,542.55 31,485.98 30,427.69 35,120.04 1,010.35 38,512.83
Sustainable Pendeen 0.00 0.00 0.00 0.00 (31.47) 0.00 4.00 0.00 0.00 4.00 0.00 0.00 (23.47)
Admin services 27.25 33.60 63.82 49.50 52.80 27.80 67.60 63.70 25.40 56.00 189.22 141.30 797.99
bank interest 0.00 0.00 25.43 0.00 0.00 42.77 0.00 0.00 55.09 32.87 0.00 0.00 156.16
books 71.80 61.10 66.58 70.82 71.40 99.62 72.40 98.35 90.00 87.02 57.20 76.50 922.79
building maintenance (317.91) (1,038.07) (222.60) 0.00 (547.73) (807.99) (840.00) (420.00) (436.22) 0.00 0.00 (779.39) (5,409.91)
calendars 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (89.98) 78.00 60.00 78.00 126.02
card charges 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 3.44 0.00 18.19 21.63
cards 14.95 10.00 12.51 23.00 7.96 23.72 7.50 9.20 48.70 2.50 25.45 49.70 235.19
cleaning 0.00 (60.35) 0.00 0.00 (163.51) (69.91) 0.00 0.00 0.00 0.00 0.00 0.00 (293.77)
donations 83.55 1.00 24.95 3.66 10.91 77.80 34.20 40.04 3.14 33.02 64.13 3.57 379.97
FIT Metre readings 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0 0.00 948.42 0.00 0.00 948.42
Fundraising Events 0.00 229.22 302.00 500.00 (351.50) 127.00 25.00 (25.00) 17.50 20.00 0.00 0.00 844.22
Hall Hire 1,099.00 277.25 696.55 531.95 421.25 444.75 393.55 362.25 842.50 401.00 1,518.00 648.50 7,636.55
Insurance (149.79) (149.79) (149.79) (149.79) (149.79) (149.79) (149.79) (149.79) 0.00 0.00 0.00 2,560.15 1,361.83
Key Fob Deposits 0.00 0.00 0.00 10.00 10.00 5.00 0.00 0.00 20.00 0.00 20.00 0.00 65.00
Miscellaneous Income (243.50) 1.00 0.00 1.00 (27.50) 0.00 4.00 1.00 5.30 8.00 0.00 0.00 (250.70)
office supplies (299.49) (64.73) (478.10) (74.35) (21.80) (53.38) 0.00 (56.71) (55.76) (30.18) 0.00 (29.41) (1,163.91)
reconcile differences 24.09 20.75 0.00 0.00 0.00 39.98 (1.00) 0.00 0.00 0.00 0.00 50.00 133.82
refreshments (13.14) (4.13) (26.09) (41.89) (22.10) 118.85 (10.66) (7.40) (4.19) (23.65) (5.45) (4.05) (43.90)
snooker metre 115.60 57.60 83.60 171.60 58.30 136.40 79.80 63.40 175.90 147.90 129.70 180.40 1,400.20
snooker subs 40.00 20.00 0.00 20.00 125.00 0.00 0.00 40.00 120.00 205.00 125.00 50.00 745.00
sponsor income 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5.00 0.00 0.00 0.00 0.00 5.00
stationary supplies (146.30) 0.00 (52.26) 0.00 (71.88) (150.63) 0.00 0.00 0.00 (70.15) 0.00 0.00 (491.22)
sundry expenses (11.89) (5.95) 0.00 0.00 0.00 0.00 (34.98) 0.00 (76.02) 0.00 (1.50) (10.00) (140.34)
this n that 132.97 150.35 230.85 113.86 230.10 245.41 179.25 147.72 185.50 203.92 206.96 170.47 2,197.36
transfers 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (445.54) (445.54) Appears in C/A Jan 2024
utilities (554.34) (613.80) (472.48) (384.91) (415.00) (393.11) (206.97) (525.38) (247.29) (105.91) (10.79) (940.48) (4,870.46)
wages (550.50) (550.50) (550.50) (550.50) (550.50) (550.50) (550.50) (550.50) (847.50) (378.00) (1,200.00) (1,002.80) (7,832.30)
grants 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,000.00 0.00 0.00 15,000.00 20,000.00
hmrc paye (90.60) (90.60) (90.60) (90.60) (90.60) (90.60) (90.60) (90.60) (90.60) (90.60) 0.00 (90.60) (996.60)
warm hub (28.97) (33.28) (22.94) (40.89) (9.14) (60.92) (39.37) (51.57) (43.12) (24.20) (24.25) (17.28) (395.93)
Bank closure 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (35,618.09) 35,618.09 0.00 0.00
WPPTBG (ringfenced) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 730.72 0.00 730.72
Cake Float 0.00 0.00 0.00 40.00 0.00 0.00 0.00 (12.00) (6.00) 0.00 0.00 0.00 22.00
End Balance 37,051.02 35,301.69 34,742.62 34,945.08 33,480.28 32,542.55 31,485.98 30,427.69 35,120.04 1,010.35 38,512.83 54,220.06 16,371.82
Income 1,609.21 861.87 1,506.29 1,535.39 987.72 1,389.10 867.30 830.66 6,589.03 2,231.09 38,744.47 19,026.78 38,729.87
Expenditure (2,406.43) (2,611.20) (2,065.36) (1,332.93) (2,452.52) (2,326.83) (1,923.87) (1,888.95) (1,896.68) (36,340.78) (1,241.99) (3,319.55) (22,358.05)
Cash Flow (797.22) (1,749.33) (559.07) 202.46 (1,464.80) (937.73) (1,056.57) (1,058.29) 4,692.35 (34,109.69) 37,502.48 15,707.23 16,371.82
----- End of picture text -----
CENTRE OF PENDEEN ACCOUNTS FOR THE PERIOD ENDED 31 DECEMBER 2023 ATEMENT OF FINANCIAL ACTIVITIES unrtricted Restrided Funds Funds 2023 Incomlng Resour5 Donations Grants Other Trading Income Investment Incorne Total Incomin8 Resources 380 10.000 18.834 156 29.370 10.000 20.C 18.834 156 39.370 10.oc(J Resources Expended Charitable Activities Governance Costs Total Resources Expended 23.749 23.749 23.749 23.749 Profit Transfers between funds Total Fund5 Carried Forward 5.621 lo.0 15.621 5.621 io.000 15.621 Signed CUrtL0TrL WA113 Name 8Zi KJ Sig Date cs Camscanner
CENTRE OF PENDEEN INDEPENDENT EXAMINER"S REPORT TO THE TRUffEES OF CENTRE OF PENDEEN I report on the accounts ol Friend5 of Nixon Memorlal Hospital for the year ended 31 December 2023 Respective responiitylities of trurtees and examiner The Charity's tru51ee5 are responsible for the preparation of the accounts. The charity"s tnJ5tees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 rfhe 2011 Act) and that an independent examinalton is needed. Having Satisfied myself that ihe charity is not subject to audit under company law and is eligible for independent examination. it 15 my responsibility to: examine the account5 under section 145 of the 2011 Act follow the procedures laid down in the General Dirertions given by the Charity Commissioners under sertion 145(5){b) of the 2011 Act and: to rtate whether particular matters have come to my attention. Basis of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a revrew of the accountin8 record5 kept by the charity and a comparison of ihe accounts presenfed with those records. It also includes conslderation of any unusual item5 or disdosures in the accounts. and 5eekrng explanations from you as trustees concerning any suth matters. The pr¢xedures undertaken do not provide all the evidence that would be requlred in an audit. and consequently no opinion is given as ro whether the accounts present a 'true and fair view and the report i¥ limited to those rnatters Set out In the rtatement below. Independent examiner's statement In connection with my examinatlon. matter hos come to my attentLOn: whlch gives me reasonable cause to believe that in any material respect the requirement5 to keep accounting records in accordance with section 130 of the 2011 Acf: and lo prepare accounts which accord with the acccMJnting records. comply with the accounting requirements of the 2011 Act have not been met: or (2) to whith. in my opinion. attention should be drawn in order to enable a proper underrtanding of the accounts to be reached. Laura Parfitt-marr FM4AT First Floor Front Offi. 13-14 Market Pla Penzance. Comwall. TR18 2JB Date: l&h July 2024 cs Camscanner