Trustee's Annual Report and Financial Statements For the period
1 January 2023 - 31 December 2023.
Charity details.
Names of Charity Trustees
Name Office Appointed Resigned Stewart Harris Chair Jan. 2019 Mrs Lynne Turner Treasurer Sept.2017 Paul Woolman Secretary May 2022 Rev. Hannah Karpaty Mar.2022 7/2023 Meg George Mar. 2022 Steve Blunt Mar.2022 7/2023 Joanna Marvelly Mar 2023 Zoe Lovell Mar 2023 Colin Bibby July 2023
Names & Address of Advisors.
| Role | Name Address |
|---|---|
| Bank | Barclays 32 High St. Haverfordwest SA61 2DA |
| Name. | Friends of The Mount (Pembs.) (FOTMP) |
| Number. | 1174455 |
| Address. | 16 Larch Road Milford Haven Pembs. SA73 1BY |
Structure, Governance & Management
Description of the Charity's Trusts
To provide a Community Centre for social welfare, recreation and leisure time occupation with the objective of
improving the conditions of life for the residents of the Mount Estate and those who use the Community Centre in particular.
How the Charity is Constituted.
FOTMP is a Charitable Incorporated Organisation.
Trustee Selection Methods.
Potential trustees are identified by their interest in the wellbeing of the residents of the local area and the skill they would bring to the board.
How New Trustees are Inducted and Trained.
Where an individual has been identified as a potential trustee, they are invited to join a trustee meeting as an observer. Training is tailored to the needs of the individual. All trustees have a copy of the CIO.
Objects.
Statutory Declaration on Public Benefit.
The Trustees declare that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers or duties.
Executive Summary.
Since the opening of the Centre the trustees have continued to see a growth in the in the number of groups now utilizing the facilities provided and in the number of residents coming to the Centre.
The provision of a more friendly outdoor space with the outdoor seating, garden planters and a marquee in early 2022 has been very successful and enjoyed by all users of the Centre.
Trustees continue to be actively involved in the operation of the Centre on a daily basis
We have seen leave Trustees in the year due to personal reasons we continue to monitor the situation and confident we are able attract new trustees.
Activities, Achievements & Performance.
A small increase in numbers using the Centre by all groups has been noticed following new charitable groups using the Centre’s facilities which is welcome.
We continue to encourage users to become volunteers in the activities they are involved in and this encouragement will continue.
.
Financial Review.
Statement of the Charity's Policy on Reserves.
The Trustees continue to maintain a policy of free reserves in unrestricted funds at a level which equates to approximately 12 months of unrestricted charitable expenditure. This ensures that trustees can undertake any expenditure to maintain the premises and replace any items.
The Trustees confirm that there are no funds in deficit as outlined in the statements of assets & liabilities. Trustees have continued to ensure the Centre is financially secure.
Funding for the Centre continues to come from donations, grants and fund raising.
Designated funds.
There are designated funds held as at 31[st] . December 2023 for bingo buddies, Petty cash, Tuck shop and Lunch club.
Particulars of any outstanding debt / guarantees given by the Charity.
This provision of guarantees continue to be met as outlined in previous reports.
The Trustees declare that there are no outstanding debts which are secured to any assets of the charity as at the date of the latest assets & liabilities statement.
Declaration.
The trustees declare that they have approved the above report and authorised that it be signed on their behalf.
Stewart Harris Chair Trustees of Friends of The Mount (Pembs.)
1,288.50 1:25 PM 4,772.4825/01/22 600.00 Accrual Basis
Friends Of The Mount (Pembs) Profit & Loss January through December 2021
Jan - Dec 21
Ordinary Income/Expense Income Fund Raising Events Gifts and Donations Income Restricted
| Ordinary Income/Expense Income Fund Raising Events Gifts and Donations Income Restricted |
|
|---|---|
| Gifts and Donations Income -... | |
| Total Gifts and Donations Income | 5,372.48 |
| Grants | 10,000.00 |
| Miscellaneous Income | 152.88 |
| Sales Income | 1,560.00 |
| Total Income | 18,373.86 |
| Gross Profit | 18,373.86 |
| Awards and Grants | 500.00 |
| Broadband | 296.88 |
| Business rates | 161.13 |
| Cleaning | 91.33 |
| Electricity | 255.36 |
| Insurance Expense | 964.60 |
| Lunch food | 755.28 |
| Miscellaneous Expense | 705.57 |
| Office Expense | 236.90 |
| Postage and Delivery | 7.92 |
| Repairs and Maintenance | 263.80 |
| Uncategorized Expenses | 375.60 |
| wages | 330.00 |
| Water rates | 109.47 |
| Total Expense | 5,053.84 |
| Net Ordinary Income | 13,320.02 |
| Other Income/Expense | |
| Other Expense | |
| Capital Purchases | 3,978.18 |
| Total Other Expense | 3,978.18 |
| Net Other Income | -3,978.18 |
| Profit for the Year | 9,341.84 |
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1:27 PM 25/01/22 Accrual Basis
Friends Of The Mount (Pembs) UK Balance Sheet - Standard As of 31 December 2021
| 31 Dec 21 | |
|---|---|
| ASSETS Other Assets Other Assets | 2,584.70 |
| Total Other Assets | 2,584.70 |
| Current Assets Other Current Assets Prepaid Expenses |
113.50 |
| Total Other Current Assets | 113.50 |
| Accounts Receivable Allowance for Doubtful Acco... |
60.00 |
| Total Accounts Receivable | 60.00 |
| Cash at bank and in hand Barclays Lunch Club |
244.72 |
| Repairs & Insurance | 4,500.00 |
| Barclays • Other | 25,699.08 |
| Total Barclays | 30,443.80 |
| BingoBuddies (Ringfenced) | 157.03 |
Petty Cash |
288.13 |
| Tuck shop (ringfenced) | 79.38 |
| Total Cash at bank and in hand | 30,968.34 |
| Total Current Assets | 31,141.84 |
| NET CURRENT ASSETS | 31,141.84 |
| TOTAL ASSETS LESS CURRENT LIA... | 33,726.54 |
| NET ASSETS | 33,726.54 |
| Capital and Reserves Unrestricted Net Assets |
24,384.70 |
| Profit for the Year | 9,341.84 |
| Shareholder funds | 33,726.54 |
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3:58 PM 26/01/24 Accrual Basis
Friends Of The Mount (Pembs) UK Balance Sheet - Standard As of 31 December 2023
| ASSETS Other Assets Other Assets Total Other Assets Current Assets Other Current Assets Accrued Revenue Prepaid Expenses Stock Total Other Current Assets Cash at bank and in hand Barclays Repairs & Insurance Barclays - Other Total Barclays Cambridge and Counties Bank Ltd Petty Cash Total Cash at bank and in hand Total Current Assets NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIA... NET ASSETS Capital and Reserves Unrestricted Net Assets Profit for the Year Shareholder funds |
31 Dec 23 |
|---|---|
| 3,030.16 | |
| 3,030.16 -38.86 277.50 -287.00 |
|
| -48.36 6,584.24 15,222.18 21,806.42 15,000.00 373.69 |
|
| 37,180.11 | |
| 37,131.75 37,131.75 |
|
| 40,161.91 | |
| 40,161.91 | |
| 41,506.92 -1,345.01 |
|
| 40,161.91 |
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