INJURY ON DUTY PENSIONERS ASSOCIATION
TREASURERS FINANCIAL REPORT
YEAR ENDED 31[ST] AUGUST 2024
ACHIEVEMENTS AND PERFORMANCE
The Trustees consider that the results of the Charity this year have been outstanding considering that our Charity has grown significantly over the year, despite still recovering from the financial downturn of the past few years.
The Trustees continue to recognise that donations are an important contributor to the overall well-being of the Charity.
FINANCIAL REVIEW
The total receipts for the Charity were £42,454. This was due in part to the receipt of an unexpected legacy, sponsorship from a golf tour, donations and the support of our members and supporters.
The total payments for the year were £15,627, some £17,636 less than the previous year when the final payment in relation to a legal matter were being paid.
Payments to the Charity’s volunteers for the year for travel and subsistence was £3,874, reflecting on the Charity’s activities across the whole of the United Kingdom and Northern Ireland.
During the charity year, a strategy of utilising safe Savings Bank accounts with higher interest was developed. The interested generated by these new accounts amounted to $3,028, compared to the £395 of the previous year, when the monies were sitting in a series of standard Current Accounts
The Trustees consider that the funds available are sufficient to permit the Charity to continue in operation in the medium term, and the continued success of the Trust’s productions should ensure the longer-term future of the Charity.
RESERVES POLICY
It is the policy of the Charity to maintain unrestricted funds at a level which equates to approximately 12 months unrestricted expenditure. Unrestricted funds were maintained at least at this level throughout the year.
| Unrestricted Total Funds 31st | Unrestricted Total Funds 31st | Unrestricted Total Funds 31st | Unrestricted Total Funds 31st | |
|---|---|---|---|---|
| August 2024 | August 2023 | |||
| £ | £ | |||
| RECEIPTS | ||||
| Bank Interest Received | 452 | 395 | ||
| Investment Interest Received | 3,028 | 195 | ||
| Donations | 7,606 | 3,372 | ||
| Fund Raising | ||||
| Bonus Balls | 2,195 | 2,268 | ||
| Christmas Raffle | ||||
| Christmas Card Sales | ||||
| Hadrian’s Wall Walk | ||||
| Easter Draw | 764 |
764
| Gift Aid Membership fees Sponsorship Bank Deposits Uncategorised TOTAL RECEIPTS PAYMENTS Accommodation Advertising and promotional Bank charges Bonus Ball payments Charity ball Depreciation Donations expenses Fund raising expenses Hadrian’s Wall Walk Easter Draw Payments Honoraria Insurance IT costs Legal & professional Admin inc - Printing, post etc. Christmas Raffle Sundry Telephones General Payments Training day expenses Travel & Subsistence Regional meetings Welfare TOTAL PAYMENTS NET RECEIPTS RESERVES BROUGHT FORWARD RESERVES CARRIED FORWARD |
5,851 20,559 2,000 |
5,584 18,956 200 |
|---|---|---|
| 42,454 | 30,971 | |
| -2,250 -900 -225 -2,250 -325 -1,153 -1,900 -945 -286 -3,874 -588 -931 |
-537 -900 -66 -1,500 -290 -1,306 -26,544 -445 -280 -906 -439 -50 |
|
| -15,627 | -33,263 | |
| 26,827 134,405 |
-2,292 137,032 |
|
| 161,231 | 134,740 |
| FIXED ASSETS Computer Equipment - Cost - Depreciation |
598 -330 |
598 -264 |
|---|---|---|
| 268 | 334 |
| CURRENT ASSETS | |||
|---|---|---|---|
| Current Account | 5,474 | 5,875 | |
| PayPal Account | 712 | 1,873 | |
| Sandy Twigg Account | 1,000 | 1,691 | |
| Legal Fund | 1,100 | 4,414 | |
| Mark Rawlins Account | 0 | 3,836 | |
| Reserve Account | 0 | 8,050 | |
| Holding Account | 0 | 1,558 | |
| Working savings | 5,000 | 21,913 | |
| Investments | 147,945 | 85,195 | |
| 161,231 | 134,405 | ||
| NET ASSETS | 161,499 | 134,739 | |
| FUNDS | |||
| Unrestricted Funds | 161,499 | 134,739 | |
| TOTAL FUNDS | 161,499 | 134,739 |
Signed by Treasurer and Trustee of IODPA. Stephen Wilson
Mr Stephen Wilson
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Ms Jo Morrish
Chair of Trustees
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Independent Examiner’s Report to the Trustees of
Injury On Duty Pensioners Association
I report on the accounts of the Charity for the year ended 31[st ] August 2024.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination, I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- Accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. The accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Name : Debbie Wellecomme BA (Hons), FMAAT, AATQB Date : 02/01/2025
Signed:
Address: Support Staffordshire, Stafford Civic Centre, Riverside, Stafford, Staffordshire ST16 3AQ