2023/2024 marked the 10th anniversary of our group, and the year that we gained full Charity status, changing our name from MAGIC to The Gwent Parent Carer Network to fully represent the community that we support and make ourselves easier for parent carers to find.
During this financial year we were reliant on small grants and volunteers to fund and run all activities and administration.
We are still proud that we managed to run regular monthly coffee mornings across Monmouthshire as well as monthly carer respite activities. Our membership continued to grow, passing the 1200 member mark.
We continue to work in partnership with other 3rd sector organisations, to ensure that funds were utilised as efficiently as possible.
August 2023 marked our 10 year anniversary and we celebrated with a family fun day, 50 of our families attended a fully accessible outdoor fun day at Gilwern Outdoor Education Centre.
Monthly activities included Soft Play sessions for families, coffee mornings for carers and workshops and activities.
Our funding for this financial year included £1896 in donations and £1500 in grants, £1390 raised from raffles and £1303 in contributions towards parent carer activities, and £2054 in contributions towards family activities. We also raised £1214 in club membership fees.
We opened the year with £11,238 in credit, this was mainly from money raised over the covid period that we had been unable to spend. Our expenditure for the year was £15,180 with an income of £9358 and while this left a deficit of £5,822, this was more than covered by our existing funds, Leaving us with £5,415 to carry over to the next financial year.
2023/2024 there was recognition that due to the growth of the charity, we needed to seek further funding in order to continue to grow. With this in mind, plans are in place to apply for a large lottery grant.
Gwent Parent Carer Network Annual accounts 2023/ 2024
Income
| 800 | club fees | 1,214.00 |
|---|---|---|
| 801 | donations | 1,896.51 |
| 802 | grants | 1,500.00 |
| 803 | raffle | 1,390.00 |
| 804 | family activities contributions | 2,054.55 |
| 805 | pc workshop contributions | 1,303.00 |
Costs
| 100 | pc workshop room hire | 342.00 | |
|---|---|---|---|
| 101 | pc workshop tutors | 2,581.90 | |
| 102 | pc workshop expenses | 1,061.19 | |
| 103 | pc workshop refreshments | 60.56 | |
| 104 | pc social event | 1,906.10 | |
| 200 | family activities | 6,288.44 | |
| 201 | seasonal events | 600.46 | |
| 203 | equipment | 0.00 | |
| 204 | occasional / xmas gifts | 174.40 | |
| 400 | payroll | 0.00 | |
| 401 | insurance | 314.00 | |
| 402 | mileage (volunteer) | 298.80 | |
| 403 | mobile phone | 40.00 | |
| 404 | training | 36.00 | |
| 405 | volunteer clothing | 414.00 | |
| 500 | website | 0.00 | |
| 501 | promotional materials | 800.84 | |
| 700 | miscellaneous | 262.10 | |
| (15,180.79) | (9,358.06) | ||
| Profit / Loss for Year | -5,822.73 | ||
| Balance opening | (11,238.38) | ||
| Less expenses | (15,180.79) | ||
| Plus income | (9,358.06) | ||
| Closing Balance | (5,415.65) | ||
| Bank Statement (Co-op) | (89.08) | ||
| Bank Statement (Natwest) | (5,289.57) | ||
| Petty Cash | (0.00) | ||
| Paypal account | (37.00) | ||
| Total | (5,415.65) |
(0.00)