Trustees’ Chair
Well, another interesting year.
Not the busiest Winter we’ve had, but some work was to be done – snow & flood. Also, some Re:Act work, Fred will elaborate.
Events started to happen again during the summer months. The Cotswold show happened, albeit with a last-minute date change. The South Cerney Steam Fair did not. A good few DB Max events happening, and these are all generating well needed income for the group.
During the past year, the Committee has continued its function almost as normal. Monthly meetings were held, mostly via Teams but also now face-to-face meetings are starting to happen.
Finances are looking healthy – Alistair will elaborate. However, as a summary, we have approximately £13,500 in the bank – an important buffer when we need to pay Responders’ mileage claims before invoicing ‘customers’. The ‘old’ bank account has been closed with the funds transferred into the ‘new’ account. That balance was more than expected (I think about £1500)
Changes to driver training will save a huge amount of money going forward – Tristan will explain. The aim is to greatly reduce our outgoings. This will enable us to allocate funds in new areas where we feel we need it, maybe new equipment, different training etc. Up to date, most of the money raised was being spent on BORDA courses – around £70/person/year.
Amazon Smile & Easyfundraising are still very useful income streams, Amazon Smile for example gives us around £35/month. So, if you can, please do these.
Profit and Loss
Gloucestershire & Worcestershire 4x4 Response
For the year ended 31 July 2021
| Account | 2021 |
|---|---|
| Turnover | |
| Call Out Services | 2,726.40 |
| Donations-Online Commissions | 365.58 |
| Equipment | 690.85 |
| Events | 2,535.89 |
| Subs | 1,040.00 |
| Total Turnover | 7,358.72 |
| Cost of Sales | |
| Call out Services Expenses | 1,282.05 |
| Equipment for resale | 212.98 |
| Equipment purchases | 565.54 |
| Event Expenses | 67.50 |
| Training | 1,480.00 |
| Total Cost of Sales | 3,608.07 |
| Gross Profit | 3,750.65 |
Administrative Costs
| Administrative Costs | |
|---|---|
| Depreciation Expense | 105.60 |
| Donations Made | 100.00 |
| Insurance | 168.79 |
| IT Software and Consumables | 739.96 |
| Postage, Freight & Courier | 15.60 |
| Radio Network | 1,165.86 |
| Rent | 166.00 |
| Subscriptions | 105.00 |
| Telephone, Internet & SMS | 163.71 |
| Total Administrative Costs | 2,730.52 |
| Operating Profit | 1,020.13 |
| Profit on Ordinary Activities Before Taxation | 1,020.13 |
| Profit after Taxation | 1,020.13 |
Balance Sheet
Gloucestershire & Worcestershire 4x4 Response As at 31 July 2021
| Balance Sheet As at 31 July 2021 Gloucestershire & Worcestershire 4x4 Response |
Balance Sheet As at 31 July 2021 Gloucestershire & Worcestershire 4x4 Response |
|---|---|
| Account 31 Jul 2021 |
|
| Fixed Assets | |
| Tangible Assets | |
| Plant & Machinery 975.00 |
|
| Less Accumulated Depreciation on Plant and Machinery (376.60) |
| Current Assets | Current Assets |
|---|---|
| Cash at bank and in hand | |
| Lloyds Current Account 10,360.51 |
|
| Cash in Hand 130.85 |
|
| Total Cash at bank and in hand 10,491.36 |
|
| Accounts Receivable 2,664.42 |
|
| Prepayments 168.79 |
| Creditors: amounts falling due withinone year | Creditors: amounts falling due withinone year | |
|---|---|---|
| Income in Advance | 690.00 | |
| Total Creditors: amounts falling due within one year | 690.00 | |
| Net Current Assets (Liabilities) | 14,320.97 | |
| Total Assets less Current Liabilities | 14,919.37 | |
| Net Assets | 14,919.37 |
Capital and Reserves
| Current Year Earnings | 1,020.13 |
|---|---|
| Retained Earnings | 13,899.24 |
| Total Capital and Reserves | 14,919.37 |