Review of Year End Accounts Bembridge Youth & Community Centre
Year Ending 31[st] March 2023
Context
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Accounts relate to the period April 1[st] 2022 through to March 31[st] 2023.
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BYCC income 22/23 was down 13.2% to £28,216 with total expenditure up by .
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8.9% to £32,495 resulting in a nett incoming loss of £4,279
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Key points
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First full year since CoVid.
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No government support grants.
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Major asset expense – new boiler replacement.
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Key overhead expense – electricity due to full year reopening and not price cap.
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Income
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Income 22/23 was £28,216
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Main income streams;
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Function bar & food – £10,757.
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Hall Hire (activity and party) – £8,570.
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Bembridge Fireworks – £4,444 (includes bar from fireworks night).
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Trail and Soup run events – £2,477. Thankyou Bryan Jones & Volunteers!
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Karate subs donations – £1,059.
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Donations & Grants – £909 (of which mystery donor £500).
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Prior year grants totalled £10,677 !
Income Streams 2022 versus 2023
----- Start of picture text -----
£- £2,000 £4,000 £6,000 £8,000 £10,000 £12,000 £14,000
Bar & Food
Hall Hire
Fireworks
Trail & Soup Runs
Karate
Donations
2022 2023
----- End of picture text -----
Key Income Generators
| £- | £- | £2,000 | £2,000 | £4,000 | £4,000 | £6,000 | £6,000 | £8,000 | £8,000 | £10,000 | £10,000 | £12,000 | £12,000 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bar & Food | ||||||||||||||
| Fireworks | ||||||||||||||
| Trail & Soup Runs | ||||||||||||||
| Income | Costs | Net Income |
Expenditure
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Expenditure in the year was £32,495
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Building repairs & maintenance – £7,246 (of which new boiler and installation £6,396).
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Bar stock and food for functions in hall – £6,975
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Contract staffing cost for management services, bar, functions catering and cleaning in the year were £8,308 (Thank you Diane Portwine !)
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Energy costs for the year were £3,512. Currently on 3 year fix price contract with EDF energy.
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Insurance costs – £934.
Key Expenditure Variance on 2022
| £- | £- | £1,000 | £1,000 | £2,000 £3,000 |
£2,000 £3,000 |
£2,000 £3,000 |
£4,000 | £4,000 | £5,000 | £5,000 | £6,000 | £6,000 | £7,000 | £7,000 | £8,000 | £8,000 | £9,000 | £9,000 | £10,000 | £10,000 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Trail & Soup Runs | 10% | ||||||||||||||||||||
| Fireworks Repairs & Renewals Energy / Water Legal & Professional |
86% | 1006% | 73% | 518% | |||||||||||||||||
| Stationery & Post | 32% | ||||||||||||||||||||
| Telephone / Internet | 27% | ||||||||||||||||||||
| Cleaning / Waste disp | 127% | ||||||||||||||||||||
| Bar & Food | 15% | ||||||||||||||||||||
| Contract Staff | 57% | ||||||||||||||||||||
| 2023 | 2022 |
Considerations 2023 / 2024
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Energy / Cost of living situation
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4 months energy this year currently £996 current fix ends July 24.
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Review bar prices
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Review Hire charges.
• Fireworks
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.
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Second year back will not be as good as first
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Repairs & Renewals
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Any upcoming major asset renewals
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New payment P.O.S system
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Sponsorship
Review of Year End Accounts Bembridge Youth & Community Centre
Year Ending 31[st] March 2023
BEMBR1IE YOUTH & COMMLTraTY CENTRE FOR MEMBEKS ONLY ILED IPICME AYD EXPENDITURE STATEMENT FOR TIIE PERIOD EhT)ED JIST MARCH 2023 J&r¢Atri Rtjtsi Tot NCOMING RESOIYRCES Incoming raDurcts frDm doors: CJTrn(5 Bk intet¢4t l¢d & fnod Ilir¢ Orhl Pwty hirt le&s 0.0 u.11 10.757.48 825.00 1,745.00 1.058.74 o.IKJ 2.4?6.54 4.444.70 10,757.48 6.825.1Kl 1,745. 1.058.74 Suninjtt ftsiival FL411v ol-Sp)rt Fitrwvtks & other events Bonhrid8¢ l>ai%h (nlI )naLions Ncw hdl n(MK don¥13 2.476.54 4,4M.70 8.94 0.00 28 216.40 28216.40 l.llbuur WSL¥ &307.50 975.03 IY¥.16 8.307.JO 6.975.01 1911.16 Kthi & rdLL Watcr Ateg ¢quIpml F.quipm¢nt and pi(th lire ftÈ% Summtt lisiivat c511v ol. F ir¢works & oih¢r ¢vrn Light * ht Insunm 715.10 12R5.54 3.512.01 933.97 7.246.10 2.285.54 3,512.01 933.Y7 7.246.ID New hdl tloor F.uuipmui Adv(isin8 lmi 'r¢lh0C Priniin8, POs188¢ & swIY Ci)nlPUtif LIPUIXLJ 32Y. 125.04 J64.89 32¥. 125.04 364.Xl) 209.fA) 244.2Q 244.211 Le8 & wo1c551on fcts. IMhLY uh%Lnpiinn% Èl dLiiiiions Accounlry ftts Clcin8 matetiais %rA)ns(Jr4hlp expensts 972.30 42.88 42.88 Tothl oxpofidifyre 32 495 31 o.,)0 324Y5.31 NET INCOMINGIIOLfTGOING) RESOURCES FOR THE VEAR 4 278.91 4 278.4)1
BEMBRIiKE YOUTH & COlmLy1TY CENTRE FOR MEMBERS ONLY BALAlCE SHEET 31ST MARCH 2023 Balan¢¢ broughi forward as at 1st April 2022 C&%h at bk Cash in hd 50,201.7S - Floa - Pdiy 500.00 100.00 0).¢ 51),801.75 Amounts owed to Bembridge ctre CIC ALuual3 broughi f¢)Twwd o.o( 50.801.7C 14.278.91 Nd incomings for the ycor £46 522,8E Repttsthted by.. BdlanLt &8 & 3151 Mh 2023 C&%h & bk Cwh in hwd 45,922.8E - Flollt - Petty Lxh 5(Kl.00 iuv.ou 600.0( 46,522.85 £46 522.8É BaIL? blfwd 1$¢ April 2022 10,(M)O. 1,292.40 0.00 11,292.4( Movements 0.00 0.00 Bart(C ddwn & at 315t Mar& 2023 10 0.(m> 292 411 11292.4C
INDEPENDENT EXAMIISER'S REPORT OI¥ THE INCOME & EXPEI¥DTfLRE ACCOLNT OF BF.MBRIDCJF. YOUTH & commuNy CF.IITRE B•sl$ oc i•dep¢ndeni exate5 IEPOrt My exaniiaion in with the Gthtral Dirttaioths givth by the Ch•ity Commi55ionas. An exallin&ion Inclknd a leW of the •Ill[ing rtr4)rd5 kepi by ihe chwiiy and a c(Thparison of the pramied wilh ihose rto)rds. It 50 include5 ¢onsider¥i(MJ olany unu5uoi ilffjJ5 or di5clo5urvs in the xtwnts. seeking ¢xplgn&iOnS from you a% tnjstees coth¢ttning any suth miu5. The pmcedures undatskert do not prtTrvidc I the evidence that would be rquird in an Alt. u)ns4iiently I do not u(press audit opinion on the view by ihe unts. Indepffldffit ¢xfflln¢rfs st•t¢w¢•t in connccLion wilh my uamlnalon. Do m#t¢r c(rfne w my attthtion.. whith 8iVei me rtwia)le to bdieve tha in material sPoI the rtyuir¢m¢nts - to k¢q> T[% in xwrdanLf wilh Stttion 41 of (he Art.. - io prtpfft &counts whith xrord wilh th¢ UtIng rcoYdE 10 ¢omply with the xcouniing rquiruno)ts of the Act have noi beffl rna; (2) io whiith. in my opini. ithtion 5hovld be thxwrt in order 10 ertable a pmper under5tding of ihe x¢ouni$ io K. J. Phél*n Rus#nullion Lov¢ i¢ Banbridge Isle of WL8hi