## **Bodmin & District Woodturners CIO Income and expenditure Accounts for the Year ending 31st October 2025** ## **Proposed Budget 2026** |**INCOME**
§Subscriptions
Sales|£
£|**2023**
1,983
£
782
£||£
£|**2024**
2,100
£
1,277
£|**2025**
2,660
£
1,337
£
~~[|~~|**2025**
2,660
£
1,337
£
~~[|~~|**2025**
2,660
£
1,337
£
~~[|~~|**2025**
2,660
£
1,337
£
~~[|~~||**Sales**
**Other income**
**B&DWT INCOME - 2025**|**Sales**
**Other income**
**B&DWT INCOME - 2025**|**INCOME**
Subscriptions
Sales|**no AWGB**
**membership**
2,280
£
1,200
£
~~|~~|**no AWGB**
**membership**
2,280
£
1,200
£
~~|~~|**no AWGB**
**membership**
2,280
£
1,200
£
~~|~~|**with AWGB**
**membership**
2,660
£
1,200
£
~~Ld~~|**with AWGB**
**membership**
2,660
£
1,200
£
~~Ld~~|**with AWGB**
**membership**
2,660
£
1,200
£
~~Ld~~|**with AWGB**
**membership**
2,660
£
1,200
£
~~Ld~~|| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Other income
AWGB and WCT Grants
Donations|£
£
£|-
£
300
£
136
£||£
£
£|-
£
650
£
2,158
£||£
£
£|835
£
350
£
335
£||||**AWGB and WCT**
**Grants**
**Donations**|Gift Aid
AWGB and WCT Grants
Craft Fairs||£
£
£|669
£
-
£
330
£||£
£
£|588
£
350
£
330
£||2 years gift aid @25% of subs assuming 75% are uk tax payers
no grant if we leave AWGB
assuming we hold a craft fair in 2026| |Craft Fairs|£|335
£||£|17
£||£|330
£||||**Craft Fairs**|Tea Money||£|-
£||£|100
£||assuming nothing changes re subs| |Tea Money|£|2
£||£|39
£||£|112
£|||||Bank Interest||£|5
£||£|5
£||| |Sale ofsurplus kit
Insurance|£
£|425
£
105
£||£
£|-
£
105
£||£
£|110
£
105
£||||**Tea Money**
**Sale ofsurplus kit**
**Insurance**|Other Income
Donations||£
£|-
£
-
£||£
£|-
£
-
£||| |Bankinterest|£|-
£||£|-
£||£|5
£|||**Bankinterest**||Sale of Surplus Kit||£|-
£||£|-
£||| |Easy fundraising|£|-
£||£|-
£||£|-
£|||**§Subscriptions**||Insurance||£|-
£||£|-
£||| |± Gift Aid|£|276
£||£|564
£||£|-
£|||||Easy Fundraising||£|-
£||£|-
£||| |**Total income**|**£**|**3,866**
**£**||**£**|**5,854**
**£**||**£**|**6,178**
**£**|||||||**£**|**4,484**
**£**||**£**|**5,233**
**£**||| |**EXPENDITURE**
*Premises|£|938
£||£|1,216
£||£|1,302
£|||**B&DWT EXPENDITURE - 2024**||**EXPENDITURE**
Premises||£|1,376
£||£|1,376
£||assuming 10% increase in rent (inc Craft Fair)| |Equipment maintenance
Cost of sales|£
£|168
£
478
£||£
£|2,097
£
1,056
£||£
£|1,272
£
1,254
£|||**Subs to AWGB**
**Demonstration**||Cost of Sales
Subs to AWGB||£
£|1,000
£
-
£||£
£|1,000
£
875
£||| |Subs to AWGB|£|593
£||£|620
£||£|875
£||||**Other expenditure**|Demonstration||£|800
£||£|800
£||| |Demonstration|£|408
£||£|330
£||£|790
£|||||Insurance||£|300
£||£|300
£||| |Other expenditure|£|17
£||£|34
£||£|432
£||**Cost of sales**||**Insurance**
**Bank charges**|Equipment Maintenance||£|100
£||£|100
£||| |Insurance|£|254
£||£|298
£||£|260
£|||||Tea Money||£|100
£||£|100
£||| |Bank charges|£|91
£||£|63
£||£|60
£||||**Tea money**|Bank Charges||£|60
£||£|60
£||| |Tea money|£|34
£||£|-
£||£|50
£|||||Shows||£|-
£||£|-
£||| |Website|£|362
£||£|36
£||£|-
£|||||Training course given||£|-
£||£|-
£||| |Training course given|£|105
£||£|112
£||£|-
£|||||Website||£|-
£||£|-
£||| |Shows|£|157
£||£|-
£||£|-
£||||***Premises**|Other expenditure||£|-
£||£|-
£||| |**Total expenditure**|**£**|**3,127**
**£**||**£**|**4,806**
**£**||**£**|**6,295**
**£**|||**Equipment**
**maintenance**||||**£**|**3,736**
**£**||**£**|**4,611**
**£**||| |~ Surplus for the year|£|739
£||£|1,048
£||£|(118)
£|||||||||||||| ||||||||||||||Surplus||£|748
£||£|621
£||| |Brought Forward|£|2,311
£||£|3,050
£||£|4,098
£||Note on the Accounts:|Note on the Accounts:||||||||||| |||||||||||~ The club recorded a modest deficit of £118 for the financial year. This shortfall is attributable to|||||||||||| |**Surplus carried forward**|**£**|**3,050**
**£**||**£**|**4,098**
**£**||**£**|**3,980**
**£**||the capital expenditure on two new lathes, representing a planned investment in the club’s|||||||||||| |||||||||||equipment and long-term development.|||||||||||| |||||||||||*Premises costs, including rent and associated overheads, continue to account for the largest||*Premises costs, including rent and associated overheads, continue to account for the largest|||||||||| |_Represented by:_||||||||||proportion of annual expenditure. These costs remain broadly consistent with prior years and
reflect the essential requirement of maintaining appropriate facilities for members.|||||||||||| |Trustee Savings Bank
CAFBank|£
£|961
£
1,125
£||£
£|920
£
2,199
£||£
£|920
£
1,539
£||§ Subscriptions remain the principal source of income for the club and continue to provide a
stable financial foundation. Although a small deficit has been recorded, the club retains a strong|||||||||||| |Petty cash
Sub total|£
£|130
£
2,216
£||£
£|327
£
3,446
£||£
£|196
£
2,655
£||and healthy bank balance, ensuring sufficient reserves to support future activities, ongoing
maintenance, and the continuing benefit of all members.|||||||||||| |Stocks|£|834
£||£|1,297
£||£|1,325
£||± Gift Aid was not claimed from HMRC during 2025; however a claim will be submitted in 2026 and||± Gift Aid was not claimed from HMRC during 2025; however a claim will be submitted in 2026 and|||||||||| |Plus sums due to members
Surplus carried forward|£
£|-
£
3,050
£||£
£|(645)
£
4,098
£||£
£|-
£
3,980
£||is expected to provide additional funds of £ in 2026, further strengthening the club’s financial
position|is expected to provide additional funds of £ in 2026, further strengthening the club’s financial|||||||||||