2024-03-31-accounts

Review of Year End Accounts Bembridge Youth & Community Centre

Year Ending 31[st] March 2024

Context

• Accounts relate to the period April 1[st] 2023 through to March 31[st] 2024.

• BYCC income 23/24 was down 3.9% to £27,119 with total expenditure reduced by .

• 7.8% to £29,973 resulting in a nett income loss of £2,854

• Key Points

  • ➢ Hall hire (continuing and Private) slightly down ≈ 4%.

  • ➢ No Fireworks ! ≈ £4.5K drop

  • ➢ Runs continue to grow, up another 40%.

  • ➢ Karate Donations dropped off 50%.

  • ➢ Prior expense for boiler main contributor to drop in overall expenditure.

  • ➢ Bar & Food stock up 25% to support income boost of 40%

  • ➢ Sponsored youth and adult football £1k, none in prior year.

  • ➢ No major nominal increases in other expenses.

Income change on Prior YE 2023

					Change on Prior
		2024		2023	Year
Grants	-		-		GOOD/ BAD
Bank Interest Received	-		-
Bar & Food Sales	15,016.79		10,757.48		39.6%
Hire of Hall	6,292.50		6,825.00		-7.8%
Party Hire Fees	1,390.00		1,745.00		-20.3%
Karate	514.00		1,058.74		-51.5%
Petanque	194.75		-
Run Events / Festival of Sport	3,443.60		2,476.54		39.0%
Fireworks & Other Events	10.00		4,444.70		-99.8%
Bembridge Paraish Council	-		-
Donations	257.35		908.94		-71.7%
New Hall Floor Donations	-
TOTAL INCOME	27,118.99		28,216.40		-3.9%

Income chan e on Prior YE 2023 Income Change 2024 v 2023 Incrna$e 11 Decrease ll fotal £s,o 4.259 £4,0(Kl £967 -£533 -£35S £3,0 É195 .£S45 £z,o £i,o .£4.435 41.0(X) -£652 42,0 Hire of Hall Karate Run Events Donations Bar & Food Sales Party Hlre Fees Petsnque Flreworks & Other Events

Income Conclusion

• Income 23/24 was £27,119

• Main income streams;

  • Function bar & food – £15,017.

  • Hall Hire (activity and party) – £7,683.

  • Trail and Soup run events – £3,444. Thankyou Bryan Jones & Volunteers!

  • Karate subs donations – £514.

  • Donations & Grants – £257 (Line Dancing Club).

• No Fireworks in prior year!

Expenses change on Prior YE 2023

----- Start of picture text -----
Change on Prior
Year
2024 2023
GOOD / BAD
Contract Staff (Mgt +Cleaning) 8,730.00 8,307.50 5.1%
Bar Stock 8,739.19 6,975.03 25.3%
Rent & Rates 116.51 198.16 -41.2%
Water Rates 310.71 -
Sports Equipment - -
Equipment and Pitch Hire Fees - -
Summer Festival - -
Run Events / Festival of Sport 924.04 715.10 29.2%
Fireworks & Other Events 708.78 2,285.54 -69.0%
Lighting & Heating 3,583.59 3,512.01 2.0%
Insurance 991.32 933.97 6.1%
Building Repair & Renewal 2,294.34 7,246.10 -68.3%
New Hall Floor - -
Equipment - 329.00
Advertising & Admin 103.04 125.04 -17.6%
Telephone 537.04 364.89 47.2%
Printing, Postage & Stationary 237.56 209.60 13.3%
Computer Expenses 43.99 33.99 29.4%
Legal & Professional - Licence Fees 506.43 244.20 107.4%
Legal & Professional - Other - -
Subscriptions & Donations - -
Accountancy - -
Cleaning Materials 950.64 972.30 -2.2%
Donations / Sponsorship 1,000.00 -
General Expenses 195.78 42.88 356.6%
TOTAL EXPENDITURE 29,972.96 32,495.31 -7.8%
----- End of picture text -----

Ex ense chan es on Prior YE 2023 Expense Change 2024v 2023 In¢re05e ll Decreo5e 11 Total £3,000 £311 £209 £1,764 £2,IXIO -£8 £72 £57 £1,000 £423 -£1,577 -£1,000 -£2.000 -£3,IXIO £172 £28 £10 -£22 -£4,000 .£5.000 ///'/////

Expenditure Conclusion

• Expenditure in the year was £29,973. Largest Items;

• Bar stock and food for functions in hall – £8,739

• Contracted cost for management services, bar, functions catering and cleaning in the year were £8,730 (Thank you Diane Portwine !)

• Energy costs for the year were £3,584. 3 year fix contract ended July 2024.

• Building repair & maintenance was £2,294.

• Insurance costs – £1,355. (includes F/wrks cover which never happened)

Considerations 2024 / 2025

• Energy / Cost of living situation

• ➢ Monitor Energy costs under new tariff & future solar panel installation ?.

• ➢ Review bar prices

• ➢ Review Hire charges / attract more users within capacity limits.

• Fireworks

• ➢ Let us pray for good weather this year & do not commit to additional insurance too early !

• Repairs & Renewals

• ➢ Any upcoming major asset renewals and any BPC contribution ?

• Sponsorship

• ➢ What can we support this year?

Review of Year End Accounts Bembridge Youth & Community Centre

Year Ending 31[st] March 2024

BEMBRIDGE YO TH 'OMMUNITY CENTRE INCOME & EXPENDITURE ACCO RTHEY AR F.NDED 31ST MARCH 2024

INDEPENDENT EK4MINER'S REPORT ON THE INCOME & EXPENDITURE ACCOUNT OF BEMBRIDGE YOUTH & COMMUNITY CENTRE BASIS of Independent examlner's report My examin4iiion was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accoiinting records kept by the charity and a comparison of the accounts presented with those records. It kilso includes consideration of any unusual item5 or discloslires in tlie accounts. and seeking explanations from you as truslces concerning Any such Imotters. The procedures iindert&kcn do not providc all ihe evidence (hat would be re(iuired in an audit, and consequently I do not expre55 un audit opinion on thc view given by the a¢¢ount3, Independent examiner's statenient In conn¢Liion wilh my ¢xamination, no maller has come zo my attention.. (i) which gives me reasonttblL L4lUSC to believe that in any material respcct the requirements to keep Accounting records in accordancc with Section 41 of the Act. and to prepare accounts which accord with the accounting records and lo comply with the accounting requireiments ot the Act have not been met,, or (2) to which, in my opininn, attention should be drawn in order to enuble a proper understanding of iliv a¢¢vuntS to be reach¢d. K. J. Phelttn 14 '1'he Iluskins Kiligs Road 13cmbridgye Isle nf WiLyht

BEMBRIDGE YOUTH & COMMUNITY CENTRE FOR MEMBERS ONLY DETAILED INCOME AND EXPENDITURE STATEMENT FOR THE PERIOD ENDED JI T MARCH 2024 nr Total funds funds Ml .'RCES Ineoming resources from donors: Grants Bank. int¢re5t reieived Bai" & fi)Iid Si11¥5 0.00 0.00 1.1,nl6.79 6,2()2,50 1,39U.00 514,110 1 ()4.75 1.443.6U 15,OICTr.79 6.292.50 1.390.00 514.IlQ 194,75 3.443.60 P¢irly Iiir¥ l¢¥s l)Lnt&nquc I'irL'i¥'ork% & olhLr e.VLnt 257.35 257.35 N¥w hdll 11(ii)r d(Inaiiiiiii Total Incomlni r¢$our¢e$ 27,118,()9 o,uu 27.118.()() Man&gem¢nt and admlnljiratlon: l.ubuur ¥usl¥ 11.73V.U 13,7.39,19 116,111 .7311.UU X.7.19.19 IILnl & rillL8 I'alLr rcilL% I quipiii¥ni ui)d i)Itili hiri fLLb SuminLI' teNtival I,¥ylival ol. 8port ' irLw'(IrK% & ciih¢r Lv¢nl¥ I,ighi & hLui InsuriinLe IILpllir¥ & muinl¥nanL N¥w hall Ili)()r LquipiiiLiil AdvLrti¥inL4 ILnd udmin 'I'¥l¢phiiii¢ Prinliiig. p()4liigL & 1lnliiinLry ('.IinipulLr e.KPLnSL.g I,L8al & pr()ILs%ional IbL% . l.iccnLL ILL5 l.Lgiil & pr()lisbioiial leLS - UihLr ub%iripliciii4 & di)iiiili()ii 0,00 ()24.04 71111.78 1.511.1.51) 9()1.12 2.294..14 <)*4,11.1 7011.711 )()1.32 2.21)4..34 0.110 u.liu 10.7.114 J37,114 2.37..16 4.1.Qg 511fi.41 11.uo o.ou 11.00 950.()4 J37,04 2.37..56 5111),43 (',liuninL) m&iLriul% und c(i¥l D()nuiii?n%lSpun%(Ir%hip (ILncrul LAPLnsLs 950.64 I,IIoo.oD 195.7R 195.7 Totxl expenditure 2Y,¥73.26 0,110 29.()73.26 NET INCOMII%GI(OUTGOINGI RESOURCES FOR THE YEAR 12.854.27} 0.00 12.854.271

BEMBRID E YOUTH & COMMUNITY CENTRE FOR MEMBER ONLY BALANCE SHEET ASAT 31ST MARCH 2024 Balance brought forward as at I st April 2023 Cash at bank Cash in hand 45,922.88 Float Petty cash 500,00 100.00 60(1.00 46,522.88 Amiiunts owed to Bembridge Centre C'IL ALcruals broughi lorward o.on 46,522.811 (2,8fj4.27) NLt incomings for the year £43,608.61 Represented by: Bulance us at 31 si Imurch 2024 c.ash At bank Cu%h in hand 43,068.61 Fli)at Petty cash 500.00 100.00 60().00 43,668.61 ALLruals 0,00 £43,668.61 RF.STRICTED FUIYDS MU Donation Table Tennis en ant ouiici I Table Tennis Balance blfivd as at I st April 2023 io,000,00 0.00 1,292.40 0,00 11,292.40 Movements 0.00 0.00 0.00 0.00 0.00 Balance cldwn as at 31 st March 2024 10,000.00 0.00 1.292.40 0.00 11,292.40

BEMBRIDGE YO TH 'OMMUNITY CENTRE INCOME & EXPENDITURE ACCO RTHEY AR F.NDED 31ST MARCH 2024

INDEPENDENT EK4MINER'S REPORT ON THE INCOME & EXPENDITURE ACCOUNT OF BEMBRIDGE YOUTH & COMMUNITY CENTRE BASIS of Independent examlner's report My examin4iiion was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accoiinting records kept by the charity and a comparison of the accounts presented with those records. It kilso includes consideration of any unusual item5 or discloslires in tlie accounts. and seeking explanations from you as truslces concerning Any such Imotters. The procedures iindert&kcn do not providc all ihe evidence (hat would be re(iuired in an audit, and consequently I do not expre55 un audit opinion on thc view given by the a¢¢ount3, Independent examiner's statenient In conn¢Liion wilh my ¢xamination, no maller has come zo my attention.. (i) which gives me reasonttblL L4lUSC to believe that in any material respcct the requirements to keep Accounting records in accordancc with Section 41 of the Act. and to prepare accounts which accord with the accounting records and lo comply with the accounting requireiments ot the Act have not been met,, or (2) to which, in my opininn, attention should be drawn in order to enuble a proper understanding of iliv a¢¢vuntS to be reach¢d. K. J. Phelttn 14 '1'he Iluskins Kiligs Road 13cmbridgye Isle nf WiLyht