GADEBRIDGE YOUTH CLUB (Referred to as The Annexe) Reg. Charity No. 302367 Tel: 01442 251002 Email: contact@gadebridge.com
TREASURER’S REPORT – 11 July 2024 Year ended 31 March 2024
At this time last year, I reported a gratifying year with much to do during the following 12 months in 2023-24. Those hopes have not let us down!
So much has been undertaken to continue a trithing Association. We have been able to receive grants to assist our plans to gradually improve our settings, both in The Centre and The Annexe. Much will continue into next year 2024-25.
Our income has surpassed our expenditure by £2,578 and we have been able to put Projects into both settings amounting to £16,308. As is usual, the whole of the overhead costs have been borne by The Centre.
The income from hirers has been buoyant at £90k and Grants have been £10k. Our long serving professional Utility expert continues to support us with her work of managing costs and suppliers to our best advantage.
As a “Not for profit” operation it is important that we manage our costs and appropriate our incomings and consider it prudent to have a minimum reserve fund of 50% of our costs. Our Centre Manager is our only full-time paid member together with two part-time assistants and they ensure that our objectives are fulfilled. We also have the unpaid Trustees who are regularly and positively supportive in the monthly management meetings. Our chairman is among them, continually searching for grants and, in accord with the constitution, we are all unpaid.
We have no cautions and reports to declare. Last year I reported the plans to review the changing of lights to LED’s which has been completed. We also received grants amounting to £10,261. We had no Government grants.
We continue to have a good rapport with DBC, our landlord. Our Centre Manager continues to have a strong liaison with them. Equally, the Trustees liaise with the Centre Manager in his efforts for the Association and is dedicated to one and all.
Equally we have a non-profit approach as dictated by our constitution. Inbetween I keep a critical eye on income and expenditure and manage the expenses closely. I would suggest this satisfies cautions and ambitions.
I can also confirm a NIL return under Reporting Serious Incidents, and under our Legal obligation that there are no other matters which should be brought to the attention of the Charity Commission.
And as always, I repeat and extend my grateful thanks to all who have contributed above and beyond the call of duty. I include in those thanks our Chairman of Trustees and fellow active and holding trustees and supporters and, of course, our paid staff. Without them we would not be in the position we are. I also acknowledge the contribution from our independent examiner which is, as always, gratefully appreciated.
Thank you one and all
Roger M Taylor FCIB Managing Trustee and Treasurer
GCA
Income to 31 03 2024
| Hirers | £ | 58,028.76 |
|---|---|---|
| Preschool | £ | 22,200.00 |
| Donations | £ | - |
| Grants | £ | 10,261.18 |
| Furlough | £ | - |
| £ | 90,489.94 |
| Income to 31 03 2024 | |||
|---|---|---|---|
| Hirers | 58,028.76 £ |
||
| Accumulated income & expenditure Preschool 01 04 2023 to 31 03 2024 Donations Charity Commission Registered no. 1110831 Grants Furlough Grants and Projects After seeking advice we applied for assistance toward Expenditure to 31 03 2024 a capital programme to upgrade lighting and heating in both the Centre and The Annexe. Wages The total cost was £10,802.63. deposit refunds We received a Capital grant of £4,861.18. IT The work will be underway during the two weeks Gas Centre of July when the Preschool is closed. Gas Annexe We also had a grant of £1,000 from the Elec Centre County Councillor towards the refurbishment Elec Annexe with the balance from our reserves. Phone Centre All projects are supported by grants Phone Annexe where ever possible. Peninsula DBC gave a grant of £4,400 towards the JS Exps complete change to LED lighting at both settings. Materials and Maintenance M & M Annexe Water Centre These accounts are compiled by The Treasurer, Water Annexe Roger M TaylorFCIB Bank Charges Insurance Centre Nota bene: Gadebridge Youth Club has the Reg. Charity No. 302367. Insurance Annexe GCA took it over having added its fascilities comprising a large hall Projects and a large gym and a modest IT training room. Legal fees GCA are rejuvinating those fascilites and intend to seek support CCTV from generous benefactors. (See addendum below) Banhams (alarm) We also aim to retain a 50% contingency of our cash assets TV Licence should the business fail. DBC Mixed waste Bin licence fees |
Preschool Donations Grants Furlough |
22,200.00 £ - £ 10,261.18 £ - £ |
|
| 90,489.94 £ |
|||
| Running total 40,257.10 £ 178.50 £ 1,247.02 £ 5,590.03 £ - £ 6,879.31 £ - £ 1,388.67 £ 688.92 £ 4,701.85 £ 455.00 £ 3,925.46 £ - £ 764.48 £ 278.74 £ 115.50 £ 2,320.13 £ 682.44 £ 14,299.46 £ - £ 360.00 £ 299.96 £ 318.00 £ 1,582.80 £ - £ |
| Brought forward from 31 Mar 23 Income Expenditure Bank balance as at 31 March 2024 KIV surety money with Payroll at CAD Note re contingencies for accounting year to 31 03 2024 C/Cllr Fiona Guest discretionary grant for refurb Grant dedicated to enhancing facilities Allocation from Herts CC re defribulator inc VAT PRSPPL dues including vat (liability challanged). |
96,988.14 £ 90,489.94 £ 187,478.08 £ 88,327.17 £ 99,150.91 £ 5,000.00 £ Total |
Window cleaner Membership Selsius Annual rental Annexe IDIS Alarm Annexe PHS Surplus/Deficit to date balance as at 31 Mar 2023 balance as at 31 Mar 2024 G48-C50 must = 0 1,000.00 £ 5,334.00 £ 1,110.00 £ 2,187.00 £ |
420.00 £ 40.00 £ 302.40 £ 250.00 £ - £ 252.00 £ 729.40 £ |
|---|---|---|---|
| 88,327.17 £ |
|||
| 2,162.77 £ 96,988.14 £ |
|||
| 99,150.91 £ |
|||
| 0.00 -£ 108,781.91 £ |
|||
| 9,631.00 £ |
Notes:
Gadebridge Youth Club Income & Expenditure are both under £10,000 and have their own return. Reg'd charity no. 302367
Tel: 01442 251002
Email: r.taylor.495@btinternet.com
Prepared by R M Taylor from the books,
papers and bank statements
and reconciled with the bank account
Roger M Taylor FCIB
Trustee/Treasurer
Roger M Taylor Date: 26 08 2024
Examined by me from the computer
records maintained by the association
and reconciled with the bank statement
William Wyatt-Lowe
Independent Examiner William Wyatt-Lowe
Date: 26 08 2024