THE RAINBOW PROJECT PLYMOUTH
Income and Expenses for year to 31st March 2024
Year to Year to
| INCOME 3/31/2024 3/31/2023 Sales 2,375.57 2,708.38 199.80 219.00 8,088.85 5,469.90 Ongoing Sales 1,454.18 1,371.23 Ebay 5,402.08 6,944.79 Auction 567.14 257.84 18,087.62 16,971.14 Cost of Sales 173.36 256.06 Credit Card charges 70.50 81.42 Ebay Fees 139.97 162.79 Net Ebay Postage 1,243.43 1,230.40 Packaging Materials 155.28 317.38 Venue Hire 0.00 225.00 Food Costs 567.93 506.82 Advertising 467.00 688.00 2,817.47 3,467.87 Net Sales Income 15,270.15 13,503.27 Other Income Amazon Smile 28.26 39.07 Legacy 704.27 0.00 Royal Mail Compensation 48.98 0.00 1,135.00 174.60 Earthquake Donations 0.00 1,423.96 General Donations 3,875.21 3,890.61 549.08 6,862.33 Gift Aid 1,111.51 2,297.76 7,452.31 14,688.33 Net Income £22,722.46 £28,191.60 Opening Available Balance 10,984.94 Add Net Income 22,722.46 33,707.40 Less Expenses 23,161.77 Closing Available Balance at 31/03/2024 10,545.63 Reserve Fund 1,000.00 Adjusted Bank Balance as at 31/03/2024 £11,545.63 Sales at Bee's1 Table Top Sales2 Other Venue Sales3 General Sale Costs4 Net Fundraising5 Ukraine Fund6 |
3/31/2024 18,087.62 |
3/31/2023 |
|---|---|---|
| 2,708.38 219.00 5,469.90 1,371.23 6,944.79 257.84 |
||
| 16,971.14 | ||
| 2,817.47 | 256.06 81.42 162.79 |
|
| 1,230.40 317.38 225.00 506.82 688.00 |
||
| 3,467.87 | ||
| 15,270.15 13,503.27 |
||
| 7,452.31 | 39.07 0.00 0.00 174.60 1,423.96 3,890.61 6,862.33 2,297.76 |
|
| 14,688.33 | ||
| £22,722.46 £28,191.60 |
||
| 10,984.94 22,722.46 |
||
| 33,707.40 23,161.77 |
||
| 10,545.63 1,000.00 |
||
| £11,545.63 |
| Year to | Year to | |||
|---|---|---|---|---|
| EXPENSES | 3/31/2024 | 3/31/2023 | ||
| Aid to: | ||||
| Ilisua | 9,069.64 | 2,941.16 | ||
| Vulcan | 3,050.00 | 6,400.00 | ||
| Ukraine | 2,997.36 | 5,471.29 | ||
| Turkey | 1,560.00 | 16,677.00 | 0.00 | |
| 14,812.45 | ||||
| Direct Aid Costs: | ||||
| Bank Charges7 | 141.97 | 0.00 | ||
| Edi Allowance | 926.72 | 1,131.19 | ||
| Pallet and Courier | 890.27 | 1,958.96 | 1,095.64 | |
| 2,226.83 | ||||
| Administration Costs: | ||||
| Postage, & Printing8 | 328.00 | 74.80 | ||
| Website Costs | 61.00 | 61.00 | ||
| Insurance | 383.22 | 378.22 | ||
| Accountant Fee | 100.00 | 872.22 | 100.00 | |
| 614.02 | ||||
| Romania Visit Expenses | 120.59 | 784.37 | ||
| (covered by refunds and | donations) | |||
| Equipment9 | 559.00 | 339.14 | ||
| Container Hire | 2,974.00 | 2,107.20 | ||
| Miscellaneous10 | 0.00 | 38.90 | ||
| Additional Reserve Agreed | 0.00 | 500.00 | ||
| Net Expenses | £23,161.77 | £21,422.91 | ||
| Closing Bank Balance at | 31/03/2024 | 11,174.71 | ||
| Plus outstanding credits | (Cash/Ebay pending) | |||
| Cash in Hand | 131.58 | |||
| Ebay Pending | 239.34 | 370.92 |
£11,545.63
Adjusted Bank Balance as at 31/03/2024
NOTES TO YEAR END ACCOUNTS 31st March 2024
INCOME
1 Sales at Bee's - Summer 2023
2 Tabletop Sales - Rora April 2023 and Trinity June 2023
| 3 Other Venue Sales - Plymstock Chapel - May '23 and Sherwell - Aug '23 PUC - Oct '23 4 General Sale Costs Table Costs Mobile Phone Stands Cakeboxes Cellophane Bags Labels/Swing Tags 5 Net Fundraising Police Choir U3a Christmas Lunch Crownhill Coffee Morning Less U3a Food Costs 6 Ukraine Fund Donation Gift Aid |
Feb'24 20.00 42.00 67.92 23.97 19.47 |
|---|---|
| 173.36 402.00 700.00 350.00 |
|
| 1,452.00 317.00 |
|
| 1,135.00 13.11 535.97 |
|
| 549.08 |
EXPENDITURE
7 Bank Charges - Foreign Currency transfers
8 Postage & Printing
£250 paid to Sherwell United for use of their printer for 2023. Poster Printing was £18 and the balance of £60 was for stamps.
| 9 EquipmentAdditional Marquee Replacement Legs 10 Miscellaneous |
459.00 100.00 |
|---|---|
| 559.00 0.00 |
BREAKDOWN OF FUNDS AS AT YEAR END 31st March 2024
| Balance at Bank as at | 31/3/2024 | 11,545.63 | ||
|---|---|---|---|---|
| Reserve Fund | 1,000.00 | |||
| Ukraine Fund Bfwd | 3,853.50 | |||
| Added | 549.08 | 4,402.58 | ||
| Withdrawn | 2,997.36 | 1,405.22 | ||
| Earthquake Fund | 1423.96 | |||
| Gen Fund | 136.04 | 1,560.00 | ||
| Withdrawn | 1,560.00 | 0.00 | ||
| General Fund | 9,140.41 |
11,545.63 11,545.63
THE RAINBOW PROJECT PLYMOUTH
Income and Expenses Summary Year ended 31st March 2024
| INCOME | |||||
|---|---|---|---|---|---|
| % of Inc | |||||
| Sales (less costs) | 15,270.15 | 67% | |||
| Donations | 5,128.56 | 23% | |||
| Gift Aid | 1,111.51 | 5% | |||
| Other income | 1,212.24 | 5% | |||
| £22,722.46 | |||||
| EXPENSES | % of Exp % of Inc | ||||
| Aid to | Ilisua | 9069.64 | |||
| Vulcan | 3050 | ||||
| Turkey | 1560 | ||||
| Ukraine | 2997.36 | 16,677.00 | 72% | 73% | |
| Direct Aid Costs | Bank Chgs | 141.97 | |||
| Edi | 926.72 | ||||
| Transport | 890.27 | 1,958.96 | 8% | 9% | |
| Administrative Costs Insurance | 383.22 | ||||
| PPS | 328 | ||||
| Website | 61 | ||||
| Accountan | 100 | 872.22 | 4% | 4% | |
| Container Hire | 2,974.00 | 13% | 13% | ||
| Equipment | 559.00 | 2% | 2% | ||
| Misc | 0.00 | 0% | 0% | ||
| Romania Visit Expenses | 120.59 | 1% | 1% | ||
| £23,161.77 | |||||
| Opening Available Balance | 10,984.94 | ||||
| Add Income | 22,722.46 | ||||
| 33,707.40 | |||||
| Less Expenses | 23,161.77 | ||||
| Closing Available Balance | £10,545.63 |
Held in Reserve 1,000.00 Balance at Bank £11,545.63