Financial Review 2023
Income
During the year, the charity received a total income of £16,650. Fees and charges from our charitable activities contributed £15,215 and gifts from individuals and churches amounted to £550.
In addition, the charity also has two funds with restricted use for specific purposes. From these funds a total of £845 was used this year and transferred into the general operating account and £40 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 | £3,900 |
| Website & Marketing | £2,210 |
| Operating Costs (Food, Transport, Activities etc) | £9,968 |
| Total Expenditure | £16,078 |
Balance
Our opening balance on 1[st] January 2023 was £230 Our bank balance at 31[st] December 2023 was £801.
As mentioned in last years financial review, the insurance premium for FY23 was paid for in FY22. This amounted to £738, therefore with this invoice included within FY23 operating costs the overall operating expenditure for FY23 is £16,816, which results in a net deficit of £166.
Outlook
Although there was a small deficit in FY23 operating costs again the income for the same period, during 2023, the website costs were significantly increased. The reason for this was the trustees took the decision to invest in a new website, which would increase our online presence and make the booking system easier going forward. The cost of this was £1,440, which can be considered as a one-off cost and will not be a recurring expense.
With the above taken into consideration, the trustees are pleased with the financial position this year, with the financial controls in place to ensure a satisfactory financial position and expect the charity will maintain a healthy balance sheet and continue to be cost neutral over the coming year.
Funds
| Funds | |
|---|---|
| General Fund (Unrestricted) | £801 |
| Blake Fund (Restricted) | £267 |
| JL Fund (Restricted) | £1,614 |
| Total assets | £2,682 |
Menadue Christian Camp Trust
Receipts and Payments Account: Year to 31 December 2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| £ | £ | |||
| RECEIPTS | ||||
| Camp Fees | 15194.66 | 16596.38 | ||
| Individual Gifts | 250 | 538 | ||
| Interest / Sundaries | 20 | 0 | ||
| Tuck Shop Profit | 39.81 | 7.35 | ||
| JLF | 440 | 0 | ||
| Mr Blake Fund | 405 | 605 | ||
| Church Gifts | 300 | 730 | ||
| Offerings | 0 | 0 | ||
| Total | ||||
| Reciepts | 16649.47 | 18476.73 | ||
| PAYMENTS | ||||
| Transport | 2479.38 | 3064.12 | ||
| Entertainment / Outings / Prizes | 1799.50 | 2701.52 | ||
| Padres | 550 | 1805.31 | ||
| Refunds / Sundaries | 5990.99 | 5499.64 | ||
| Sanitation / Equipment / 1st Aid | 88 | 0 | ||
| Food | 4711.84 | 5115.44 | ||
| Print / Post | 437.81 | 0 | ||
| Camp Prep / Camp Reunions / 4.12 | 20 | 535 | ||
| Donations from Offerings | 0 | 0 | ||
| Transfer between accounts | 0 | 0 | ||
| Tuck Shop | ||||
| Total | ||||
| Payments | 16077.52 | 18721.03 | ||
| Net Receipts/(Payments) for the year | 571.95 | -244.3 | ||
| b/f Balances at 01-Jan-23 | 229.50 | 796.14 | ||
| c/f Balances at 31-Dec-23 | 801.45 | 551.84 |