2022-23 Annual Trustee Report
The past year marked the return of our charitable activity to the pre-pandemic norm. However, the year’s income (£11333) was much lower than the 2021-22 year’s income (£34303) due mainly to a reduction in the receipt of grants (£30000 to £4000). Also, Ebay sales were small (like 2021-22).
Moreover, expenditure (£22901) was approximately double our income (£11333) so this was the first year that we have run at a significant loss. Nevertheless, the expenditure can be attributed to the application of accumulated funds to targeted development and further upgrading of our workshops rather than running costs.
The real positive of the year has been a good rise in hiring out our space (studios & shop) when available – from £1260 to £3674. During the year the charity continued to be supported by the Covid grants received in 2020-21 and 2021-22 but it is hoped that the income from shop/studio hire and the earlier Wellness in Winter course programme will be repeated and continue to improve in 2023-24.
The immediate income future & prospects of the charity will depend on
-
Self-generated sales (Ebay, etc)
-
Room hire & courses
-
External funding (for equipment & core costs)
With enterprise the prospects of income from points 1 & 2 above will ensure secure financial operation and day-to-day survival but real money to meet the commencement and cost of paid staff will depend on point 3. As in previous year’s there was a significant men’s shed grant (£4000) from Swansea Council for the third year running.
| Swansea Community Workshops | |||||
| 2022-23 Income & Expenditure | |||||
| £ | |||||
| INCOME | |||||
| Grants - Unrestricted | - | ||||
| Grants - Restricted | 4,000.00 | ||||
| Members' Fees | - | ||||
| Members' Donations | 704.90 | ||||
| Cash Sales | - | ||||
| Online Sales(Ebay) | 2,955.00 | ||||
| Hire of Facilities | 3,674.00 | ||||
| Course fees | - | ||||
| Commissions Fees for specific work | - | ||||
| Service contracts | - | ||||
| Cash Donations | - | ||||
| Online Donations(Paypal) | - | ||||
| 11,333.90 | |||||
| EXPENDITURE | |||||
| Rent | - | ||||
| Sub-Contract | - | ||||
| Heat and light | 1,155.88 | ||||
| Insurance | 171.11 | ||||
| Packing& Delivery | 406.25 | ||||
| Ebay/Paypal Fees | 27.00 | ||||
| Telephone and broadband | - | ||||
| Administrative costs | 1,225.24 | ||||
| Security | - | ||||
| Publicity | - | ||||
| Training | 3,501.00 | ||||
| Trustee expenses | - | ||||
| Equipment - office | 1,140.00 | ||||
| Equipment - wood work | 746.83 | ||||
| Equipment - metal work | 5,412.26 | ||||
| Equipment -glass work | - | ||||
| Equipment service and replacement | 8,488.14 | ||||
| Materials/Supplies | 888.13 | ||||
| Purchases for resale | - | ||||
| 23,161.84 | |||||
| Surplus(+)/ Deficit(-) | -11,827.94 |