## **Financial Report for 2024/2025** 

Summary of Accounts for the year ending March 2025 

Income £24,401.43 Expenditure £19,799.55 Profit £4,601.88 

Total in bank £44,130.48 plus petty cash £331.70 

Note : £13,000 of the balance has been ring fenced to cover replacement if required for the kilns and wheels 

## **Income** 

Membership fees were increased at last years AGM and it was agreed at the Management Committee meeting in June that members workshop fees should also increase to £65 per annum or £25 per term. 

Student numbers were once again increased to 10 per class now that we have a much larger space. Student Subs were also increased to £200 per term from the September term 

The increases were kept as low as possible and were to cover the new costs we incur at the Kennaway Centre. 

## **Expenditure** 

The move from Meeting Street and subsequent closing for a period of time of the pottery were our biggest expenses last year. DCC shared the cost of the move and we have also managed to agree a mutually beneficial lease. 

The rent we have paid to date is for the first 5 months and we now have submeters for the kilns so that they can allocate the electricity costs accurately. 

The kilns continue to be serviced on an annual basis. 

The cost of all materials has also increased over the past year and it is important that Members pay for their clay and firing as we made a substantial loss on this of £777. Thank you to the members that always pay 

## **Tools** 

The total for the tools includes the cost of the fridge, laptop and lanyards/card holders 

## **Misc.** 

The main cost showing is for Direct Removals for the move to Kennaway 

Regards 

Loraine Storie Treasurer 

28 April 2025 



## **Trial Balance 2024 - 2025** 

## **Debit** 

## **Credit** 

|Clay|848.93|Interest|568.55|
|---|---|---|---|
|Glazes|1,272.58|Membership|2,595.00|
|Tutor|7,865.00|Workshops|2,490.00|
|Website|14.39|Students|14,600.00|
|Maintenance|461.71|Thursday|45.81|
|Insurance|1,196.10|Donatons|690.00|
|Social|882.37|Clay|527.86|
|Cleaning|1,848.55|Firing|816.64|
|Statonery|33.96|Misc|0|
|Misc|718.94|Exhibiton|1,801.57|
|Exhibiton|1,870.25|Cash banked|266.00|
|Auditor|30.00|||
|Refreshments|50.44|||
|Refunds|148.00|||
|Rent|1.00|||
|Service charges|2,007.84|||
|Tools|283.49|||
|Cash banked|266.00|||
|**Total**|**19,799.55**|**Total**|**24,401.43**|
|Diference for year|4,601.88|||
|Opening balance|39522.35|||
|Closing balance|44,130.48|||
|Diference|4608.13|||
|Pety cash|(6.25)       plus £337.95 brought forward in Pety Cash|||
|**Total for year**|**4601.88**|||



**Note  -** A figure of £13,000 has been allocated for the replacement if the kilns and wheels as and when required therefore the final funds available would be £31,130.48