## **Budleigh Runners Treasurers Report 2024** 

The Trustees and committee present their report for the year ending 31 March 2024 to be read in conjunction with the attached financial statements. 

## **Main Activity and Public Benefit** 

Budleigh Runners aim to facilitate participation in and promotion of recreational and competitive running amongst the community, and to provide other ordinary benefits of an amateur sports club. 

## **Review of the Year** 

In the year ended 31 March 2024 we had a net loss of £1,166.  This figure is a result of a kit order for £1210.68*; £1,120 spent on run leader training for 6 of our members and £250 spent on first aid training session which was attended by 20 of our members.  We held our inaugural Pebble Dash event where we recorded 130 participants almost doubling the attendance on the same event held in the previous year.  We made a modest profit of £253 on this event and anticipate greater success in 2024. 

We anticipate our membership income will increase in 2024 and we are planning to source funding from local charities to fund further run leader training. 

*Note.  When ordering kit, the minimum order for any item, vest, t-shirt or long sleeved vest is 10.  This results in it utilising a large amount of our reserves.  Our current stock position is very healthy and we hope that we should not need to place an order in this financial year. 

## **Financial Review** 

||2023/24|2022/23|2021/22|
|---|---|---|---|
|Netprofit/loss|(£1,166)|(£743)|£2,599|
|Amount raised|£3,289|£1,366|£4,756|
|Amount<br>distributed|£4,455|£2,109|£2,157|
|Year end bank<br>balance|£690|£1,856|£2,599|



The accounts have been reviewed and agreed by Karl Griffiths. Thank you Karl! 




Here is an overview of the accounts for information: 

|**Budleigh Runners Accounts for the year ended 31/03/2024**|**Budleigh Runners Accounts for the year ended 31/03/2024**|**Budleigh Runners Accounts for the year ended 31/03/2024**|**Budleigh Runners Accounts for the year ended 31/03/2024**|**Budleigh Runners Accounts for the year ended 31/03/2024**|**Budleigh Runners Accounts for the year ended 31/03/2024**|**Budleigh Runners Accounts for the year ended 31/03/2024**||
|---|---|---|---|---|---|---|---|
|**Notes to the Accounts**||||||||
|||||||||
||||**Income**||**Outgoings**||**Profit/(Loss)**|
||**Fundraising**||**£**||**£**||**£**|
|**1**|**Float**||**400.00**||**400.00**||-|
|2|Membership||1,233.75||-||1,233.75|
|3|Kit||1,007.00||1,264.68||257.68<br>-|
|4|Fundraising||-||-||-|
|5|Donations||-||-||-|
|6|Pebble Dash||691.38||438.44||252.94|
|7|RNLI event||-||114.65||114.65<br>-|
|8|Club kit||-||262.35||262.35<br>-|
|9|Training||-||1,370.00||1,370.00<br>-|
|10|Sundries||-||412.90||412.90<br>-|
|11|Social Events||357.00||554.75||197.75<br>-|
|12|IT - Website||-||37.00||37.00<br>-|
||||||||-|
||||3,289.13||4,454.77||1,165.64<br>-|



## **Reserves** 

It is the Trustees’ policy that we hold a reserve of £250 in the account at any time to cover unforeseen circumstances. 

## **Risk Policy** 

The Trustees have considered all the principle risks to which the Group may be exposed, they have put in place appropriate checks and balances.  In particular: 

- An appropriate liability policy is in forms with ARC (Association of Running Clubs). 

- Interim financial reports are provided at each of the regular Running Group meetings 

Please can I take this opportunity to thank all the committee members, run leaders, running members and their families for supporting Budleigh Runners over the last twelve months.  Without this help and support we would be unable to provide the wide array of running groups for our community. 

## **Administrative Information** 

The Treasurer’s address for all financial correspondence is 54 Moormead, Budleigh Salterton, Devon, EX9 6PX. 

The Trustees at the end of the financial year were: 

Debbie Newson Helen Pratt Lorraine Ralph 





## **Committee members** 

Chairperson Helen Pratt Vice Chairperson Vacant Secretary Deborah Allen Treasurer Lorraine Ralph Committee member Debbie Newson Committee member Gary Gates Committee member Sarah Gates Committee member Debbie Pike 

Approved by the Trustees and signed on their behalf. 

Lorraine Ralph 

**TREASURER  - 11 April 2024** 



## **Budleigh Runners Accounts for the period ended 31/03/2024** 

|Bank Reconcilliation Current<br>Account<br>Opening Balance at 01/04/2023<br>Less total expenditure<br>plus total income<br>31/03/2024<br>Balance sheet<br>Cash<br>Closing Balance Bank account<br>Closing balance - Stock|Closing balance as per<br>Statement<br>1,855.61<br>£<br>(4,854.77)<br>£<br>3,689.13<br>£<br>689.97<br>£<br>-<br>£<br>Opening Bank Current<br>Account<br>689.97<br>£<br>Opening Cash<br>1,209.00<br>£<br>Opening Balance - Stock<br>Opening Balance - Income in<br>advance<br>1,898.97<br>£|689.97<br>£|
|---|---|---|
|||689.97<br>£|
|||1,855.61<br>£<br>_-_<br>_£_<br>739.00<br>£<br>-<br>£|
|||2,594.61<br>£|



Signed off by Karl Griffiths - 10 April 2024 



## **Budleigh Runners Accounts for the period year 31/03/2024 Income and Expenditure Account** 

|**Income and Expenditure Account**||||
|---|---|---|---|
|**Note**<br>Income<br>Fundraising<br>Donations<br>Income<br>Interest Received<br>Expenditure<br>Outgoings<br>Surplus/(Deficit) of Income over Expenditure<br>**Balance Sheet**<br>Current Assets<br>Bank - Current Account<br>Stock<br>Current Liabilities<br>Income received in Advance<br>Net Assets<br>Capital and Reserves<br>Income and Expenditure Account<br>At 1 April 2023<br>Surplus/(Deficit) for the Period<br>31-Mar-24|**2023/24**<br>**£**<br>691<br>-<br>2,598<br>-<br>3,289<br>4,455<br>4,455<br>1,166<br>-<br>690<br>1,209<br>1,899<br>-<br>1,899<br>1,856<br>1,166<br>-<br>690|**2022/23**<br>**£**<br>-<br>15<br>1,351<br>-<br>1,366<br>2,109<br>2,109<br>743<br>-<br>1,856<br>739<br>2,595<br>-<br>2,595<br>2,599<br>743<br>-<br>1,856|**2021/22**<br>**£**<br>340<br>670<br>3,746<br>-|
||||4,756<br>2,157|
||||2,157<br>2,599|
||||2,599|
||||2,599|
||||-|
||||2,599|
||||2,599|
||||2,599|



Signed off by Karl Griffiths - 10 April 2024 



## **Budleigh Runners Accounts for the year ended 31/03/2024 Notes to the Accounts** 

|**Fundraising**<br>**1 Float**<br>2 Membership<br>3 Kit<br>4 Fundraising<br>5 Donations<br>6 Pebble Dash<br>7 RNLI event<br>8 Club kit<br>9 Training<br>10 Sundries<br>11 Social Events<br>12 IT - Website|**Income**<br>**£**<br>**400.00**<br>1,233.75<br>1,007.00<br>-<br>-<br>691.38<br>-<br>-<br>-<br>-<br>357.00<br>-<br>3,289.13|**Outgoings**<br>**Profit/(Loss)**<br>**£**<br>**£**<br>**400.00**<br>-<br>-<br>1,233.75<br>1,264.68<br>257.68<br>-<br>-<br>-<br>-<br>-<br>438.44<br>252.94<br>114.65<br>114.65<br>-<br>262.35<br>262.35<br>-<br>1,370.00<br>1,370.00<br>-<br>412.90<br>412.90<br>-<br>554.75<br>197.75<br>-<br>37.00<br>37.00<br>-<br>-<br>4,454.77<br>1,165.64<br>-|
|---|---|---|



Signed off by Karl Griffiths - 10 April 2024