Brentwood Museum Society - AGM 2024 - Treasurer's Report for 2023
As you can see from the balance sheet, the Brentwood Museum Society had an overspend of £3,000 last year, this was due to:
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1) E-on increasing their charges in 2022 but didn’t change the Direct Debit which meant that we owed over £1,000 back-payment, as well as the prices going up in general,
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2) We spent money on having our Web Site rebuilt to make it easier to maintain,
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3) The Chapel roof needed some repairs in December to make it watertight again,
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4) The cost of Speakers for the Monthly Talks.
To help counter the expenses we did receive a donation from the Council to help put up a display in the Baytree Centre.
However, the finances are still in a healthy financial position because of Government Grants to compensate for COVID losses, but this won’t last forever.
The Museum’s online presence has been improving and we have spent money to have a new web site created, which went live during 2023.
This online presence is certainly paying off as visitor numbers have increased significantly, as seen in the extra income. Thanks must go to our “youngster”, Natalie for this.
Over £29,000 was put into a fixed-rate Bond and so hopefully the interest will be better this year.
Sadly, Membership is slowly falling year on year. We need to make a concerted effort to increase Membership since Membership Fees are our major source of income.
It must be stressed that the Museum WILL NOT survive without increasing its Membership. I also propose to increase the Membership Fee to £24.00 from 1[st] January 2025 partly to counter the cost of Speakers.
Thanks again to Roger Griffiths, who has checked and fully approved the “2023” accounts. Roger has agree to examine the “2024” accounts at least.
Invitations to this year’s Summer Open Evening on Friday 5[th] July are going out, we hope that everyone will be able to attend.
Thank you, Martin Hamilton
BRENTWOOD MUSEUM SOCIETY
REGISTERED MUSEUM
REGISTERED CHARITY № 1197440
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31ST DECEMBER 2023
| EXPENDITURE INCOME 2023 2022 Diff 2023 A Building Electricity:Museum 2,034.08 648.00 1,386.08 Subscriptions Members (2023:33) 660.00 B Electricity:Chapel 133.79 96.00 37.79 Members (2024:17) 340.00 C Water 107.97 85.60 22.37 Donations Open Day Visitors 355.61 D Rates 0.02 102.40 102.38 - Booked Visitors 95.00 E Insurance 424.71 419.70 5.01 Monthly Talk Visitors 165.00 F Fire Safety - - - Other 709.93 G Maintenance 1,040.50 141.31 899.19 H Monthly Talks Speakers 435.00 265.00 170.00 Fund Raising Garden Party Charge 419.83 I Hire of Hall 259.36 242.40 16.96 Garden Party Raffle 85.92 J Refreshments 16.00 5.00 11.00 60-40 Club 612.00 K Expenses Secretarial/Curatorial - - - Christmas Talk Raffle 25.00 L New Exhibits 461.89 607.37 145.48 - M Garden Party 173.45 145.33 28.12 Amazon 50.96 N 60-40 Club Winnings 144.00 149.20 5.20 - Grants Brentwood Arts Council - O Sundries - 194.94 194.94 - P Brentwood Arts Council 15.00 15.00 - - Q Bank Charges 64.80 74.80 - R Website 1,190.00 210.00 980.00 - S MODES Software 96.00 89.00 7.00 T Conversion to CIO - 650.00 650.00 - U - - - - V - - - W Total Expenditure: 6,596.57 4,141.05 2,455.52 Interest Bank - X Saffron Building Society Bond 24.34 Surplus (Deficit) carried to Balance Sheet (3,052.98) 7,526.38 Fiddle to balance - 3,543.59 11,667.43 3,543.59 |
2022 Diff 697.66 37.66 - 260.00 80.00 288.11 67.50 329.50 234.50 - 108.92 56.08 268.25 441.68 349.32 70.51 91.00 5.08 - 312.00 300.00 - 25.00 47.81 3.15 - - - - - - - - - 2,752.57 2,752.57 - - - - - 36.72 12.38 - 2,789.29 |
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BALANCE SHEET AS AT 31ST DECEMBER 2023
| 2023 | 2022 | Difference | ||
|---|---|---|---|---|
| RESERVES | ||||
| As at 1st January 2023 | 34,381.62 | 35,733.88 | (1,352.26) | |
| Surplus (Deficit) from Income & Expenditure Account | (3,052.98) | (1,352.26) | (1,700.72) | |
| As at 31st December 2023 | 31,328.64 | 34,381.62 | (3,052.98) | |
| REPRESENTED BY | ||||
| Bank Account | Current | 1,628.59 | 18,596.12 | (16,967.53) |
| Petty Cash | 118.42 | 228.21 | (109.79) | |
| Saffron Building Society | 29,581.63 | 15,557.29 | 14,024.34 | |
| 31,328.64 | 34,381.62 | (3,052.98) |
I have examined the books, vouchers and bank statements of the Brentwood Museum Society and, in my opinion, the above Balance Sheet and Income and Expenditure Account are properly drawn up in accordance therewith.
Roger Griffiths Independent Examiner
Martin Hamilton Treasurer