GILLINGHAM YOUTH FOUNDATION Chairman’s Report for 2021/22
Gillingham Youth Foundation has emerged from a very testing few years, when it was really unclear if we would still have a Gillingham Youth & Community Centre for the community to come back to. As I referred to in my 20/21 report, the Foundation owes its complete gratitude to the continued generosity of local sponsorship, one-off grants and in-kind donations. I thank all the groups and individuals that work with us in providing for our Community.
This last year has seen significant progress for Gillingham Youth Foundation with income from hirers achieving on all-time high in the six-year history of the Foundation. New hirers have come on board and more enquiries are coming forward. I am pleased to say that nearly every part of the youth centre building is now bringing in an income.
It was agreed by the Trustees to tackle some of the most pressing repairs, particularly the rear porch entrance damaged by rain ingress. It was also agreed to begin a programme of long-awaited redecoration, replacing old lighting with energy saving LED, up-grading taps to save water, replacing the hand-dryers in the toilets and replacing worn out floor coverings. The result is a building fit for purpose, bright and clean for the community’s use. My sincere thanks to Alan Waistell, fellow trustee, for all his attention to maintenance, which keeps the buildings safe and up to standard for our hirers.
It was agreed by the Trustees that hire rates would not be increased during the Covid pandemic, however at the end of 2021, we all became very much aware that utility bills, gas and electricity in our case, were going to increase significantly. Again, I thank Alan Waistell for securing the Foundation the best possible prices through his contacts. With this in mind, it was very regrettable that the Trustees were left with no alternative but to raise hire fees from 1[st] November 2021. We really do appreciate everyone’s co-operation with this.
Looking ahead, we are doing our best to provide the most efficient heating and lighting we can within our budget. The replacement of the remaining old lighting throughout the building with LED intelligent lighting is a goal for 2022/23.
So What is new, what is next? We will continue to increase our regular hirers through promotion of the centre. The renting out of the garage workshop and the Music Suite has been very successful. The renting out of the workshop adjacent to the garage as storage space has also been very successful Our next project is to work on hiring out the office space on the first floor (this has now been achieved in the current year). We will have then achieved full hire capacity of the premises.
I would like to thank all groups and individuals who have stuck with us through these difficult times and we are really pleased to be able to continue to accommodate you going forward.
I would also like to mention and minute our thanks to Eric, our Caretaker and and his wife, Angela for their conscientious duty to the youth centre. It has become a full-time job for them both!
Finally, I would like to minute our thanks to our Trustees who put in more hours a week than your average job requires and so I thank Belinda and Alan for all that they have done over the last year to keep this community’s dream a reality and for the support of new trustees, Gaynor and Judy, who joined us in June 2021 (but who regrettably, this current year, have resigned due to other commitments). It has been a pleasure to work as part of this committee and look forward to the coming year with excitement and optimism.
David Walsh, Chair of Trustees, Gillingham Youth Foundation
31[st] March, 2023
GILLINGHAM YOUTH FOUNDATION
1[st] September 2021 - 31st August 2022
PROFIT AND LOSS STATEMENT
| This year |
Prev. year | ||
|---|---|---|---|
| 2021/2022 | 2020/2021 | ||
| INCOME: | £ | £ |
|
| Sales: hire of rooms Sales Type | A 4000 | 26,923.75 | 13,157.00 |
| Sale of Assets: 4200 | 0 |
180.00 | |
| Other Income: 4900 donations, | sponsorship, tombola | 6,222.85 | 10,765.78 |
| 33,146.60 | 24,102.78 |
||
| EXPENSES AND OVERHEADS | |||
| Gas, water, electric |
7200 | 6,830.24 | 4,133.77 |
| Rent & Rates | 7100* | 0 | 0 |
| Office costs | 7500 | 1,110.48 | 1,086.48 |
| Fire & Safety | 7503 |
2,124.14 | 1,052.00 |
| Health & Hygiene | 8201 | 1,045.12 |
2,017.81 |
| Legal and professional | 7600* | 0 | 100.00 |
| Insurance | 7610 | 1,530.57 | 2,688.12 |
| General expenses | 8200* | 5,934.06 | 2,909.26 |
| Repairs and renewals | 7800 | 252.00 | 1,755.49 |
| Payroll costs | 7001 |
240.00 | 240.00 |
| PAYE (HMRC payments) |
2210 |
994.84 | 1,444.20 |
| Net Wages | 2220 |
8,804.49 |
5,881.34 |
| 28,865.94 | 23,308.47 | ||
| NET PROFIT/(LOSS): | 4,280.66 | 794.31 | |
| Reserves policy: | |||
| Based on total expenditure £28,865.94 divided by 12 months= | |||
| £2,405.50 x 3 months = £7,216.50 | |||
| Lloyds Opening Account Balance: |
13,717.28 |
13,790.34 | |
| Lloyds Closing Account balance: | 17,775.69 | 13,717.28 | |
| Variation | 4,058.41 | (73.06) | |
| Trade debtors 1100 | 412.25 | 721.25 | |
| _Less_Adjustment for Sage Accounts Bank Opening Balance: £190 | 190.00 | 0 | |
| (As Agreed with Independent Examiner, C.R. Taylor & Co.) |
4,280.66 794.31
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