Ramsey Pavilion Hub - Accounts 1st April 2024 - 31st March 2025
Bar /Cafe
| Bar Sales £34,881.59 Connunity Cafe £540.35 Youth Cafe £269.30 Crunch £520.40 Bar/Cafe Purchases £14,355.08 Bar Wages £6,565.06 Bar Gas £617.41 Card Payment Fees £651.73 Bar/Cafe Net Profit £14,022.36 Other Income Grants £1,000.00 Rent/Hire £7,412.98 Brick Sales £120.00 Other Income Total £8,532.98 Total Income Other Expenditure Rent £4,500.00 Insurance Rent £1,000.00 Deposit Refunds £935.00 Insurance £792.48 ICO Data Protection £35.00 Cleaning Wages £4,614.37 Staff Pension Contributions £280.62 Tax & Nat Insurance £621.62 Council Bins £1,072.06 Sanitary Bins £654.70 Council Rates £177.65 Broadband £620.23 TV Licence £81.50 Electricity £1,138.89 Water £228.26 Bank Charges £77.40 Annual Fire Extinguisher Service £187.29 Payroll Fees £360.00 Hallmaster Subscription £185.00 Mobile Phone £94.00 Solicitor Fees £2,288.43 Cake Ingredients £64.93 Drain Repairs £189.32 Cleaning Equipment £167.93 Interest £0.46 Total Income over Expenditure Current Account Opening Balance 1st April 2024 £1,310.12 Closing Balance 31st March 2025 £1,797.10 Savings Account Opening Balance 1st April 2024 £30.11 Closing Balance 31st March 2025 £0.64 |
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|---|---|---|---|
| £22,555.34 | |||
| £20,366.68 | |||
| £2,188.66 | |||
Ramsey Pavilion Community Hub Registered Charity number 1198027 Registered 23[rd] February 2022.
Period ending 31st March 2024.
Accountants Notes:
The trust currently is in a healthy position with income over expenditure being in the positive. This year's surplus will be used as reserve for coming year.
As mentioned in TAR, extra volunteers would help the trust financially. With the centre increasing popularity this should be achievable.
The bar/café is currently running at a profit percentage of circa 40%. You would expect this to be nearer the 50% mark for such an organisation.
Work on extra volunteers and the stronger relationship with the cricket club should help achieve this figure for the next period. As a community hub you would hope that there would be opportunity to access extra grants to aid this facility, this in turn will help with covering some of the unavoidable expenditure. The terms of the lease may be reviewed to ensure that all financial commitments will be met in the future.
Overall, you can see from the accounts that the four trustees have a good understanding of the financials and there are no obvious alarm bells or struggles.
Ian Talton. M.A.A.T ITBSL Ltd