NWMTC Treasurerfs Report y/e December 2022 It is very encouraging that NWMTC'S student base is growing, and subscriptions from members has increased by a third this year. As a consequence of this, the amount of Giftaid received from HMRC reflerts a considerable boost to Charity funds which will be used wisely overthe next twelve months. The launch of the new tvition centre at Weston Rhyn, in the border county between Wales/England during the Spring of 2022 has meant NWMTC has been able to offer its services to yet another local community and is in fact furthering its objects in opening sixth tuition centre. The Trustees look forward to further growth over the coming year5. They are all aware that it takes time to establish a real presence in any new area and advertising is one of the main keys to any succe5S. though costly. The Trustees and Admin staff know that they need to bear in mind the financial hardships facing many families at the present time. but it is encouraging to note that NWMTC is only £9K down on revenue from the previous year, when it was supported by grants of £60K. Music for all ages continues to be offered to 311. at an affordable subscription rate. NWMTC's governance is committed to providing an excellent music service within its tuition centres offering the training and performance opportunities as set out in the Constitution and long-standing aims. With a strong team at the helm and furthering a wider community presence in North Wales the charity looks forward to a healthy and happy 2023 for everyone. Brenda M Newton ITreasurerl 144t0&70 312nA2 395 6fftAkl 2L02U9 545 2237fy) OoDatbn5 Exam FÈesln FundtstsiDglArnazon SmlWEWLrttr*ThpKI IrL%trnment Loan Coundl GTrnts JRS GovtGrants 10739 i•J.37 47,(D).C E1258.84 26.3Z659 23.759.92 R¥es Water C￿3￿rS Gas/E1ectr￿ty Tfrlephont ert￿l In5ufdfi T¢avel Expen ven￿￿[re MaRtenarKe OffKeSuppl*s Postage Refvnds BankCl•r8ts Paypal Fees Exam FeEsOJt Studio E4uipn*nt I(LIClub NEfcEO Wa8es PAYE HMRC Intere#paytt*tt AdminWage5 249A6 ICfj637 &079.16 513.42 4rn.14 LO￿2 3￿18 1.155.87 8.739.59 L457.19 9.01535 17,67951 674.81 117.27 276.fy) 24039 $6dA9 20.04& 1175510 72B7A8 >J,705. S.127.4X) 13.76 9.954YJ 720D) I4.1￿7 F*na Me￿e￿&ef. Accourts 67556 Tuto Website 9152137 iJnz28 Tots15 £ 226,027.41 45￿20 1&116121 3JnJO op￿Ing8*￿e 76A￿. 3J71 76MJ3 30.217.93 30.￿179 115.14 7404183 69137 1657m 76JX4. aoslw balanee 31 Deealthw. P4yp•l le55 non presented chequt5 30217.93 379) £ 3751 £ 3752 £ 3771 £ 3772 £ 37ra £ 3459 5240) Prewted 2022 pre5Wrtd2022 91. **Income and Expenditure year ending 31st December 2022** ## **NORTH WALES MUSIC TUITION CENTRES** |**Income**||**2022**||**2021**| |---|---|---|---|---| |Subscriptions|£|144,056.70
|£|105,134.20
| |Gift Aid|£|31,272.82
|£|21,022.29
| |Exam Room Hire|£|395.00
|£|545.00
| |Donations|£|1,981.30
|£|2,237.60
| |Exam Fees In|£|830.00
|£|-
| |Fundraising (Amazon Smile/EasyFundraising)|£|107.39
|£|140.37
| |Instrument Loan Donations|£|1,518.00
|£|1,360.00
| |Council Covid Grants|£|-
|£|47,000.00
| |JRS Govt Grants|£|-
|£|12,258.84
| |**Totals**|£|180,161.21
|£|189,698.30
| |**Expenditure**||||| |Rent|£|26,326.59
|£|23,759.92
| |Rates|£|794.48
|£|-
| |Water|£|249.46
|£|328.18
| |Cleaners|£|2,066.37
|£|1,155.87
| |Gas/Electricity|£|8,079.16
|£|8,739.59
| |Telephone|£|513.42
|£|904.69
| |Advertising|£|4,779.14
|£|1,457.39
| |Insurances|£|1,030.32
|£|1,596.92
| |Travel Expenses|£|2,288.50
|£|2,486.00
| |Venue Hire|£|48.00
|£|-
| |Maintenance|£|9,015.35
|£|17,679.51
| |Office Supplies|£|601.58
|£|674.83
| |Postage|£|240.39
|£|117.27
| |Refunds|£|445.00
|£|276.00
| |Bank Charges|£|70.28
|£|6.60
| |PayPal Fees|£|637.43
|£|564.49
| |Exam Fees Out|£|830.00
|£|-
| |Studio Equipment|£|20,048.14
|£|18,221.82
| |100 Club|£|550.00
|£|650.00
| |NET CEO Wages|£|32,755.20
|£|30,705.60
| |PAYE|£|7,287.48
|£|5,127.40
| |HMRC Interest Payment|£|-
|£|13.76
| |Admin Wages|£|14,190.47
|£|9,954.30
| |Gwenda Cooper - Accounts|£|-
|£|720.00
| |Fiona Messenger - Accounts|£|646.00
|£|-
| |Eazy Collect/Direct Debit Collections|£|-
|£|675.56
| |Tutors|£|91,522.37
|£|59,600.01
| |Website|£|1,012.28
|£|1,105.29
| |**Totals**|£|226,027.41
|**£**|**186,521.00**
| |**Surplus/Deficit**|-£|45,866.20
|**£**|**3,177.30**
| ||£|180,161.21
|**£**|**189,698.30**
| |**Opening Balance**|£|76,084.13
|**£**|**72,906.83**
| |**Surplus/Deficit**|-£|45,866.20
|**£**|**3,177.30**
| ||£|30,217.93
|**£**|**76,084.13**
| |**Closing balance 31 December, Bank Account**|£|30,152.79
|**£**|**78,048.83**
| |**Closing balance 31 December, Paypal**|£|115.14
|**£**|**692.37**
| |**less non presented cheques**|-£|50.00
|**-£**|**2,657.07**
| ||£|30,217.93
|**£**|**76,084.13**
| |**2022 Not presented**||||| |3784|£|50.00
||| |**2021 Not presented**||||| |3698|£|50.00
|Expired 100Club, donated back|| |3750|£|587.86
|presented 2022|| |3751|£|34.59
|presented 2022|| |3752|£|776.49
|presented 2022|| |3771|£|524.00
|presented 2022|| |3772|£|634.13
|presented 2022|| |3773|£|50.00
|presented 2022|| Donated back: £ 50.00