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




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