FRIENDS OF BROOMHILL
22 Admiralty Road Upper Upnor, Rochester Kent, ME2 4XY 15[th] September 2021
Friends of Broomhill – Double-Annual Report due to Covid 19 For Period 01/04/19 to 31/03/21
Report prepared by Andrew Millsom, FoB Treasurer
Overview
This report is a combination of the last two years of annual accounts due to Covid 19.
In ‘19-’20 the Old Orchard remained the main focus of fund raising and works and expenditure since its purchase by The Friends of Broomhill on 12[th] May 2018. This has provided the friends group with a valuable asset, the title deeds for land parcels TT6703, TT6704 and TT6705 were issued by Land Registry on 10[th] October 2018. In ’20-’21 the Old Orchard title deeds TT6703, TT6704 and TT6705 were transferred from three named Trustees to the CIO, which ensures that the Old Orchard is now owned by the Trustees on behalf of the charity. The Park Enlargement Project was a major portion of work during ’20-‘21and due to requiring legal involvement was the highest spend section too.
In ’19-’20 donations increased from £540.00 to £590.00 and in ’20-’21 donations increased by £115.00. However, subscription revenue decreased by 8% to £695.00 then to only £325.00 in ’20-‘21; the latter was due a high number of the annual subscriptions being deposited post the annual return date.
There have been no further Fun Days since 2018, this was exasperated by the Lockdown. Thus, income and expense for this historically major item remained £0.00 for both years.
In ’19-’20 stationery and sundries increased from £46.04 to £143.23 but then decreased from £143.23 to £23.40 the following year. The website cost £128.40 (a reduction of £40.84) to host in ’19-20 and in 20-21 website and domain name cost £109.53 (a further yearly reduction of £18.87) to host. The website was 12% of total expenditure, again excluding Old Orchard costs.
The tax reclaim monies received from HMRC in ’19-’20 was £208.78 and then £105.00 in ’2021. A £2,000.00 ward grant received from one of our councillors for work in the Old Orchard.
There were sundry items such as task days in ’19-’20 and the cost incurred for these was £217.99, but due to the lockdowns there were no planting sessions within the park, and thus zero expenditure on planting. In 20-’21 there were equipment purchases, the returning of World Pay incorrectly deposited money and other sundry items resulting in £565.66 costs. The Old Orchard costs were £728.13.
The most significant aspect of work in the last financial year was the Park Enlargement project. It took a lot of liaison with Medway Council Planning and Greenspaces and the developer to secure a comprehensive s.106. The legal cost for this was £3,324.00. The Trustees used the Old Orchard Fund money to pay for this, as we would be in receipt of s.106 maintenance money at completion and handover of a portion of the land. Unfortunately, the housing and reservoir project is on hold.
In conclusion the charity made a net gain of £899.31 in its total assets in ’19-‘20, when including the Old Orchard title deeds. The total asset at the end of March 2020 being £70,050.78. In ’20-21 the charity has made a net loss of £2,155.72 in its total assets. At the end of March 2021, the total assets including the Old Orchard were £68,040.06.
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Income and Expenditure Account
| Income and Expenditure Account | ||
|---|---|---|
| Income 2019-2020 | ||
| Grants | 0.00 | |
| Subscriptions | 695.00 | |
| Donations | 590.00 | |
| Other Activities | 440.40 | |
| Funday Income | 0.00 | |
| Sundry Income | 43.00 | |
| Old Orchard Fund | 2,000.00 | |
| HMRC Charities Tax Reclaim | 208.78 | |
| TOTAL | 3,977.18 | |
| Income 2020-2021 | ||
| Grants | 0.00 | |
| Subscriptions | 325.00 | |
| Donations | 165.00 | |
| Other Activities | 0.00 | |
| Funday Income | 0.00 | |
| Sundry Income | 0.00 | |
| Old Orchard Fund | 2,000.00 | |
| HMRC Charities Tax Reclaim | 105.00 | |
| TOTAL | 2,595.00 | |
| Expenditure 2019-2020 | ||
| Equipment | 12.00 | |
| Costs Incurred | 255.96 | |
| Planting Sessions | 247.96 | |
| Stationery & Sundries | 143.23 | |
| Website | 128.40 | |
| Funday Expenses | 0.00 | |
| Park Enlargement Expenses – exc Old Orchard | 282.86 | |
| Old Orchard – Project Work | 2,007.46 | |
| TOTAL | 3,077.87 | |
| Excess of Income Over Expenditure | 899.31 | |
| Expenditure 2020-2021 | ||
| Equipment | 100.66 | |
| Costs Incurred | 465.00 | |
| Planting Sessions | 0.00 | |
| Stationery & Sundries | 23.40 | |
| Website | 109.53 | |
| Funday Expenses | 0.00 | |
| Park Enlargement Expenses – exc Old Orchard | 3,324.00 | |
| Old Orchard – Project Work | 728.13 | |
| TOTAL | 4,750.72 | |
| Excess of Income Over Expenditure | -2,155.72 |
2
Balance Sheet 2019-2020
Current Assets Bank Accounts
| Current Assets Bank Accounts |
|
|---|---|
| Current Account | 7,278.27 |
| Old Orchard Fund | 17,772.51 |
| Old Orchard (TT6703, TT6704, TT6705) | 45,000.00 |
| Total Current Assets | 70,050.78 |
| Current Liabilities | 0.00 |
| Net Assets | 70,050.78 |
| ACCUMULATED FUND | 70,050.78 |
| BALANCE AT 01/04/19 | 24,151.47 |
| EXCESS OF INCOME OVER | |
| EXPENDITURE | 899.31 |
| BALANCE AT 31/03/20 | 25,050.78 |
| alance Sheet 2020-2021 | |
| Current Assets | |
| Bank Accounts | |
| Current Account | 7,867.44 |
| Old Orchard Fund | 15,172.62 |
| Old Orchard (TT6703, TT6704, TT6705) | 45,000.00 |
| Total Current Assets | 68,040.06 |
| Current Liabilities | 0.00 |
| Net Assets | 68,040.06 |
| ACCUMULATED FUND | 68,040.06 |
| BALANCE AT 01/04/20 | 25,050.78 |
| EXCESS OF INCOME OVER | |
| EXPENDITURE | -2,155.72 |
| BALANCE AT 31/03/21 | 23,040.06 |
Balance Sheet 2020-2021
3
Income and Expenditure Account
Income
| Income | ||||||
|---|---|---|---|---|---|---|
| 2018-19 | 2019-20 | 2020-21 | ||||
| Grants | 0.00 | 0.00 | 0.00 | |||
| Subscriptions | 750.00 | 695.00 | 325.00 | |||
| Donations | 50.00 | 590.00 | 165.00 | |||
| Talks and Other Activity Days | 0.00 | 440.40 | 0.00 | |||
| Funday Deposit | 0.00 | 0.00 | 0.00 | |||
| Sundry Income | 0.00 | 43.00 | 0.00 | |||
| Savings Interest | 0.00 | 0.00 | 0.00 | |||
| Old Orchard Fund | 2,112.00 | 2,000.00 | 2,000.00 | |||
| HMRC Charities Tax Reclaim | 3,924.62 | 208.78 | 105.00 | |||
| TOTAL | 6,836.62 | 3,977.18 | 2,595.00 | |||
| Expenditure | ||||||
| 2018-19 | 2019-20 | 2020-21 | ||||
| Equipment | 0.00 | 12.00 | 100.66 | |||
| Costs Incurred – e.g. hall rental | 148.97 | 255.96 | 465.00 | |||
| Planting Sessions | 263.73 | 247.96 | 0.00 | |||
| Stationery & Sundries | 46.04 | 143.23 | 23.40 | |||
| Website | 169.24 | 128.40 | 109.53 | |||
| Funday Expenses | 0.00 | 0.00 | 0.00 | |||
| Park Enlargement – Other Aspects exc Old Orchard |
894.90 | 282.86 | 3,324.00 | |||
| Old Orchard – purchase & Project Work | 44,124.66 | 2,007.46 | 728.13 | |||
| TOTAL | 45,647.54 | 3,077.87 | 4,750.72 | |||
| Excess of Income Over Expenditure | -38,810.92 | 899.31 | -2,155.72 |
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Income
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2019-2020
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Expenditure 2019-2020
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2020-21
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2020-21
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