# Review of Year End Accounts Bembridge Youth & Community Centre 

Year Ending 31[st] March 2023 



## Context 

- Accounts relate to the period April 1[st] 2022 through to March 31[st] 2023. 

   - BYCC income 22/23 was down 13.2% to £28,216 with total expenditure up by . 

   - 8.9% to £32,495 resulting in a nett incoming loss of £4,279 

   - Key points 

      - First full year since CoVid. 

      - No government support grants. 

      - Major asset expense – new boiler replacement. 

      - Key overhead expense – electricity due to full year reopening and not price cap. 



## Income 

- Income 22/23 was £28,216 

   - Main income streams; 

      - Function bar & food – £10,757. 

      - Hall Hire (activity and party) – £8,570. 

      - Bembridge Fireworks – £4,444 (includes bar from fireworks night). 

      - Trail and Soup run events – £2,477. Thankyou Bryan Jones & Volunteers! 

      - Karate subs donations – £1,059. 

      - Donations & Grants – £909 (of which mystery donor £500). 

   - Prior year grants totalled £10,677 ! 



## **Income Streams 2022 versus 2023** 


**----- Start of picture text -----**<br>
 £-  £2,000  £4,000  £6,000  £8,000  £10,000  £12,000  £14,000<br>Bar & Food<br>Hall Hire<br>Fireworks<br>Trail & Soup Runs<br>Karate<br>Donations<br>2022 2023<br>**----- End of picture text -----**<br>




## **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 

- Expenditure in the year was £32,495 

   - Building repairs & maintenance – £7,246 (of  which new boiler and installation £6,396). 

   - Bar stock and food for functions in hall – £6,975 

   - Contract staffing cost for management services, bar, functions catering and cleaning in the year were £8,308 (Thank you Diane Portwine !) 

   - Energy costs for the year were £3,512. Currently on 3 year fix price contract with EDF energy. 

   - Insurance costs – £934. 



## **Key Expenditure Variance on 2022** 

||**_£-_**|**_£-_**|**_£1,000_**|**_£1,000_**|**_£2,000_**<br>**_£3,000_**|**_£2,000_**<br>**_£3,000_**|**_£2,000_**<br>**_£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_**<br>**_Repairs & Renewals_**<br>**_Energy / Water_**<br>**_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 

- Energy / Cost of living situation 

   - 4 months energy this year currently £996 current fix ends July 24. 

   - Review bar prices 

   - Review Hire charges. 

## • Fireworks 

   - . 

   - Second year back will not be as good as first 

- Repairs & Renewals 

   - Any upcoming major asset renewals 

- New payment P.O.S system 

- Sponsorship 



# Review of Year End Accounts Bembridge Youth & Community Centre 

Year Ending 31[st] March 2023 



BEMBR1I￿E YOUTH & COMMLTraTY CENTRE
FOR MEMBEKS ONLY
ILED IPIC￿ME AYD EXPENDITURE STATEMENT
FOR TIIE PERIOD EhT)ED JIST MARCH 2023
J&r¢Atri
Rtjtsi
Tot*
NCOMING RESOIYRCES
Incoming raDurcts frDm do*ors:
CJTrn(5
B￿k intet¢4t ￿l￿¢d
& fnod
Ilir¢ Orh￿l
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 (￿n￿lI
)naLions
Ncw hdl n(MK don¥1￿3
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
¢quIpm￿l
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¢l￿h0￿C
Priniin8, POs188¢ & swI￿￿Y
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
Accounl*ry ftts
Clc*in8 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 & CO￿lmLy1TY CENTRE
FOR MEMBERS ONLY
BALAl*CE SHEET
31ST MARCH 2023
Balan¢¢ broughi forward as at 1st April 2022
C&%h at b￿k
Cash in h*d
50,201.7S
- Floa
- Pdiy
500.00
100.00
0￿).¢￿
51),801.75
Amounts owed to Bembridge c￿tre 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 M￿h 2023
C&%h & b￿k
Cwh in hwd
45,922.8E
- Flollt
- Petty Lxh
5(Kl.00
iuv.ou
600.0(
46,522.85
£46 522.8É
BaI￿L? blfwd
1$¢ April 2022
10,(M)O.
1,292.40
0.00
11,292.4(
Movements
0.00
0.00
B￿art(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 & commuN￿y CF.IITRE
B•sl$ oc i•dep¢ndeni exa￿*￿te5 IEPOrt
My exaniiaion in with the Gthtral Dirttaioths givth by the Ch•ity
Commi55ionas. An exallin&ion Inclknd￿ a ￿leW of the •I￿ll￿[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 m*iu5. The pmcedures undatskert do not prtTrvidc
I the evidence that would be rquird in an A￿lt. u)ns4iiently I do not u(press ￿ audit
opinion on the view by ihe ￿unts.
Indepffldffit ¢x*fflln¢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¢ ￿U￿tIng 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
under5t￿ding of ihe x¢ouni$ io
K. J. Phél*n
Rus#nullion
Lov¢ i￿¢
Banbridge
Isle of WL8hi