MISSED A BEAT
Financial Report (July 2023 – December 2024)
Overview
This financial report outlines the income and expenditure for MISSEDABEAT from 10 July 2023 to 31 December 2024. The financial data includes income from memorabilia, fundraising, donations, and grants, alongside expenses such as defibrillators, events, and operational costs. The charity has experienced rapid growth, reflecting its effective community impact and sustainable fundraising strategy.
🔹 2023 Financial Summary (July–Dec)
Income Sports Memorabilia £1,140.00 Fundraising Events £9,540.28 Transfers/Donations £6,283.13 Project Grants £1,500.00 Charity Boxes £129.19 Online Giving £235.00 Other Grants £1,500.00 Total Income £20,327.60 Expenditure Defibrillators/Cabinets £14,293.95 Sports Memorabilia £660.00 Charity Boxes £36.00 Website/Enthuse £77.98 Marketing/Stationery £70.48 Total Expenditure £15,138.41 Net Income (2023): £5,189.19
🔹 2024 Financial Summary (Jan–Dec) Income
Sports Memorabilia £250.00 John Barnes Event £19,357.68 Fundraising Events £2,612.50 Transfers/Donations £6,111.23 Project Grants £39,449.00 Charity Boxes £52.26 Online Giving £25,156.19 Other Grants £0.00 Total Income £98,178.05 Expenditure Defibrillators/Cabinets £47,253.41 Sports Memorabilia £7,473.59 Charity Boxes £95.10 Advertising £1,896.59 Website/Enthuse £1,496.35 Community Action £560.00 Events £250.00 Cleaning, Food & Fuel £1,387.78 Marketing/Stationery £620.06 John Barnes Event £9,411.69 Project Costs £385.00 Total Expenditure £70,829.57 Net Income (2024): £27,348.48
🔹 Key Financial Insights
• Income Growth: The charity's income rose significantly in 2024, driven by project grants, online giving, and large-scale events.
• Defibrillator Focus: £47,253.41 was invested in life-saving defibrillators, aligning with the charity's mission.
• Event Success: The John Barnes event raised £19,357.68, becoming the largest single fundraising source and delivering strong returns.
• Sustainability: With total net income over the period at £32,537.67, the charity maintained a healthy cash balance of £27,347 at year-end.
🔹 Recommendations & Strategic Actions
• Focus on Large-Scale Events: The John Barnes event proves high-return fundraising is viable and should be repeated or scaled.
• Expand Online Giving: With £25,156.19 raised digitally, enhanced social media and email campaigns could boost donations further.
• Monitor Large Expenditures: While defibrillator spend is essential, project budgeting should ensure optimal returns and sustainability.
• Pursue More Grants: Project grants delivered over £39,000 in 2024—continue targeting grant opportunities across health and sport sectors.
🔹 Financial Management & Governance Updates
• Expense Approval: Mileage and expenses will now be submitted monthly by Mr. Preston and reviewed by trustees before payment.
• Accounting System: MISSED A BEAT will implement accounting software for improved reporting, tracking, and accuracy.
• Oversight Strengthened: Gillian Eggleston will oversee the financial reporting process, ensuring compliance and transparency.
🔹 Trustee Review: Mark's Employment
The Trustees will explore the formal employment of Mark within MISSED A BEAT. His leadership has been central to the charity’s growth. This review will examine long-term sustainability and options for funding the position responsibly.
✅ Conclusion
MISSED A BEAT has delivered remarkable financial and social impact between July 2023 and December 2024. With growing reserves, solid governance, and a proven fundraising model, the charity is well-positioned to expand its life-saving work into 2025 and beyond.
| Cashflow 20 | Cashflow 20 | Cashflow 20 | Cashflow 20 | Cashflow 20 | Cashflow 20 | Cashflow 20 | Cashflow 20 |
|---|---|---|---|---|---|---|---|
| Month | Jan | Feb | Mar | Apr | May | June | July |
| Income | |||||||
| Sports Memorabilia | |||||||
| Membership Fees | |||||||
| Fundraising Events | £5,455.00 | ||||||
| Transfers/ Donatons | |||||||
| Project | |||||||
| Charity Boxes | |||||||
| Online Giving | |||||||
| Other Grants | |||||||
| Total Income | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £5,455.00 |
| Expenditure | |||||||
| Debifrillators/Cabinets | |||||||
| Sports Memorabilia | |||||||
| Charity Boxes | |||||||
| Advertsing | |||||||
| Website/Enthuse | |||||||
| Community Acton | |||||||
| Cleaning Items | |||||||
| Marketng/Statonary | |||||||
| Pay & Tax | |||||||
| Project | |||||||
| Total Expenditure | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 | £0.00 |
| Opening Balance | |||||||
| Bank Balance | £5,455.00 |
Cashflow 20
023
| Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|
| £1,100.00 | £20.00 | £20.00 | £1,140.00 | |||
| £0.00 | ||||||
| £2,145.28 | £1,940.00 | £9,540.28 | ||||
| £1,000.00 | £168.36 | £3,189.77 | £1,925.00 | £6,283.13 | ||
| £1,500.00 | £1,500.00 | |||||
| £129.19 | £129.19 | |||||
| £67.00 | £168.00 | £235.00 | ||||
| £1,500.00 | £1,500.00 | |||||
| £2,100.00 | £188.36 | £5,355.05 | £3,932.00 | £3,297.19 | £20,327.60 | |
| £3,923.95 | £6,620.00 | £3,750.00 | £14,293.95 | |||
| £350.00 | £310.00 | £660.00 | ||||
| £36.00 | £36.00 | |||||
| £0.00 | ||||||
| £77.98 | £77.98 | |||||
| £0.00 | ||||||
| £0.00 | ||||||
| £34.40 | £36.08 | £70.48 | ||||
| £0.00 | ||||||
| £0.00 | ||||||
| £0.00 | £3,923.95 | £6,654.40 | £4,136.00 | £424.06 | £15,138.41 | |
| £7,555.00 | £3,819.41 | £2,520.06 | £2,316.06 | £5,189.19 | £5,189.19 |
Cashf
| Month | 2023 | Jan | Feb | Mar | Apr | May |
|---|---|---|---|---|---|---|
| Income | ||||||
| Sports Memorabilia | ||||||
| John Barnes event | ||||||
| Fundraising Events | £500.00 | |||||
| Transfers/ Donatons | £1,500.00 | £1,260.00 | ||||
| Project | £2,895.00 | £2,700.00 | £450.00 | |||
| Charity Bo/returns | £47.88 | |||||
| Online Giving | £169.39 | £3,013.56 | £3,734.31 | £1,672.12 | £3,227.75 | |
| Other Grants | ||||||
| Total Income | 5189.19 | £1,669.39 | £7,168.56 | £6,934.31 | £1,672.12 | £3,725.63 |
| Expenditure | ||||||
| Debifrillators/Cabinets | £5,547.00 | £84.99 | £7,630.64 | |||
| Sports Memorabilia | £400.00 | £2,960.00 | £495.00 | |||
| Charity Boxes | £18.50 | £76.60 | ||||
| Advertsing | £197.40 | |||||
| Website/Enthuse | £77.98 | £77.98 | £157.97 | £85.18 | £85.18 | |
| Community Acton | ||||||
| Events | ||||||
| Cleaning,Food & Fuel | £50.30 | £62.92 | £306.94 | |||
| Marketngstatonery/eletric sup | £65.40 | £54.97 | £13.00 | |||
| John Barnes Event | ||||||
| Project | £153.00 | |||||
| Total Expenditure | £96.48 | £6,217.28 | £3,473.85 | £7,728.82 | £1,084.52 | |
| B/fwd | ||||||
| Bank Balance | 5189.19 | £6,762.10 | £7,713.38 | £11,173.84 | £5,117.14 | £7,758.25 |
flow 2024
| June | July | Aug | Sep | Oct | Nov |
|---|---|---|---|---|---|
| £250.00 | |||||
| £1,350.00 | £5,475.00 | £12,532.68 | |||
| £500.00 | £612.50 | ||||
| £936.00 | £1,800.00 | £20.00 | £20.00 | ||
| £12,300.00 | £18,100.00 | £600.00 | £600.00 | £1,804.00 | |
| £4.38 | |||||
| £5,113.65 | £667.61 | £1,734.80 | £1,406.90 | £1,601.84 | £2,303.54 |
| £18,599.65 | £21,071.99 | £2,347.30 | £3,356.90 | £7,696.84 | £16,660.22 |
| £17,530.94 | £6,761.11 | £156.78 | £8,990.00 | £551.95 | |
| £1,070.00 | £655.00 | £190.00 | £120.00 | £655.00 | £494.61 |
| £60.00 | £48.00 | £60.00 | £36.00 | £16.19 | |
| £85.18 | £319.18 | £97.18 | £97.18 | £187.17 | £120.00 |
| £560.00 | |||||
| £102.39 | £165.09 | £220.46 | £73.85 | £6.00 | £118.50 |
| £27.55 | £170.00 | £191.94 | |||
| £1,968.41 | £7,443.28 | ||||
| £52.00 | £120.00 | £60.00 | |||
| £18,848.51 | £8,027.93 | £677.64 | £507.81 | £11,962.58 | £9,556.47 |
| £7,509.39 | £20,553.45 | £22,223.11 | £25,072.20 | £20,806.46 | £27,910.21 |
| Dec | Total | |
|---|---|---|
| £250.00 | ||
| £19,357.68 | ||
| £1,000.00 | £2,612.50 | |
| £575.23 | £6,111.23 | |
| £39,449.00 | ||
| £52.26 | ||
| £510.72 | £25,156.19 | |
| £0.00 | ||
| £2,085.95 | £98,178.05 | |
| £47,253.41 | ||
| £433.98 | £7,473.59 | |
| £95.10 | ||
| £1,479.00 | £1,896.59 | |
| £106.17 | £1,496.35 | |
| £560.00 | ||
| £250.00 | £250.00 | |
| £281.33 | £1,387.78 | |
| £97.20 | £620.06 | |
| £9,411.69 | ||
| £385.00 | ||
| £2,647.68 | £70,829.57 | |
| £27,348.48 | £27,348.48 |
July 2023 to December 2024
| Income | |||
|---|---|---|---|
| Donatons/Fund raising | Restricted Funds | ||
| 113316.46 | 0 | 141 | |
| Costs | |||
| Direct | |||
| 79223.74 | |||
| Indirect/overhead | |||
| 6744.24 | 60 | ||
| Funds Remaining | |||
| 27348.48 | 81 |
Independent Examiner's Report to the Trustees of mledabeat Independent examiner's report to the twsts88 of Missedabeat I report to the charitytrustee$ on my ex8mination of the accounts of Missedabeat (the Trust) for the period from 10 July 2023to 31 December2024. Responslbllities and basis ot report As the charity trustees of the Trust you are responsible forthe preparation of the account8 In accord8n¢e with the requirements of the Charities Act 2011 Ilhe Act'l. I report in respect of my examination of the Trust's accounts C8rried out under Section 145 of the Act and carrying out my examination I have followed £11 applicable Directions given by the Charity Commission under Section 145151 Ibl of the Act. Independent WAaminer's statement I have completed my examination. I confirmthat no material matters have cometo rny8ttention connection with the examlnation giving me cause to believe that in any mateiial respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act- or 2. the accounts do not accord with those records; or 3. the accounts do not complywith the applic8ble requirements concemingtheform and content a¢¢ounts set out in the Charities (Accounts and Reports) Regulations 2008 otherthan requirement that the accounts give a true and fair view which is not a matter considered as part of independent exarnination. I have no concerns and have come 8¢ross no other rnatters in connection wlth the examination to attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. 3cw,'Lt £.KA Dav cott Oavid Tscott & Co Chartered Accountants 15 Staindrop Road West Auckland BishopAuckland Co Durham DL14 9JU 6 July2025
Mlssedabeat Slatement of Flnanclal Actlvlties forthe perlod from Iojuly 2023to 31 December 2024 2Q23124 Unresricted fund INCOMEAND ENDOWMENTS FROM Donations Fundraising events Grants received 92454 19358 1500 Total 113312 EXPENDITURE ON Charitable actlvltles Charitable activities Fundraisingcosts Publicity and awaTeness Support costs 59146 19150 27(K) Total 85965 NINcOmE 27347 RECONCILIATION OF FUNDS Total Funds brought forward TOTAL FUNDS CARRIED FORWARD 27347
Mlssedabeat Statement of Financlal Position as at 31 December 2024 2023124 Unresricted fund CURRENT ASSETS Cash at bank 27347 NET ASSETS 27347 FUNDS Unrestricted funds 27347 TOTAL FUNDS 27347 The financial statementsweie approved bythe Board of Trustees and authorised for issue on 6th July2025 and were signed on its behalf by Lee Curbeson - Trustee