Financial Review 2022
Income
During the year, the charity received a total income of £18,608. Fees and charges from our charitable activities contributed £16,567 and gifts from individuals and churches amounted to £848.
In addition, the charity also has two funds with restricted use for specific purposes. From these funds a total of £1,085 was used this year and transferred into the general operating account and £108 income was from sale of confectionary during operational weeks.
Expenditure
Our expenditure for the period is summarised as follows
| diture penditure for the period is summarised as follows |
|
|---|---|
| Site Rental Fee | £4,131 |
| Website & Marketing | £411 |
| Operating Costs (Food, Transport, Activities etc) | £14,632 |
| Total Expenditure | £19,174 |
Balance
Our opening balance on 1[st] January 2022 was £796. Our bank balance at 31[st] December 2021 was £230.
Although the expenditure for the year is in excess of income the insurance premium for FY23 has been paid during FY22 so this accounts for £738 which can be attributed to FY23 costs. Therefore FY22 income and operating expenditure resulted in a surplus of £172.
(FY23 insurance costs will be included in 2023 operating costs)
Outlook
2022 was the first year since the COVID-19 pandemic that the charity has been able to run their activities and residential breaks. It was a good first year back and operational costs were kept inline with income, which resulted in a small surplus (based on FY22 operating costs).
The trustees are pleased with the financial year, however close oversight and control of the financial situation of the charity will be needed to ensure the charity remains in a satisfactory financial position and expect the charity will maintain a healthy balance sheet and break even over the coming year.
Funds
| Funds | |
|---|---|
| General Fund (Unrestricted) | £230 |
| Blake Fund (Restricted) | £472 |
| JL Fund (Restricted) | £2,054 |
| Total assets | £2,756 |
Menadue Christian Camp Trust
Receipts and Payments Account: Year to 31 December 2022
| 2022 | ||
|---|---|---|
| £ | ||
| RECEIPTS | ||
| Camp Fees | 16,567 | |
| Individual Gifts | 118 | |
| Interest / Sundaries | 0 | |
| Tuck Shop Profit | 108 | |
| JLF | 480 | |
| Mr Blake Fund | 605 | |
| Church Gifts | 730 | |
| Offerings | 0 | |
| Total | ||
| Reciepts | 18,608 | |
| PAYMENTS | ||
| Transport | 3,003 | |
| Entertainment / Outings / Prizes | 2,537 | |
| Padres | 1,805 | |
| Refunds / Sundaries (inc Website & DBS Checks) | 5,423 | |
| Sanitation / Equipment / 1st Aid | 0 | |
| Food | 5,122 | |
| Print / Post | 0 | |
| Camp Prep / Camp Reunions / 4.12 | 1,284 | |
| Donations from Offerings | 0 | |
| Transfer between accounts | 0 | |
| Tuck Shop | ||
| Total | ||
| Payments | 19,174 | |
| Net Receipts/(Payments) for the year | -566 | |
| b/f Balances at 01-Jan-22 | 796.14 | |
| c/f Balances at 31-Dec-22 | 229.50 |