## **Bovey Tracey Actvites Trust** ## **Trustees Report 2024/25** Our membership at March 2025 is 396 and activity attendances of 14,274 for the last membership year May 24 to April 25. This Continues the growth seen in the previous year. We are running 34 different activities, and an increased number of social events which have proved very popular Outside bookings from other charities and local groups which account for another 12,500 attendances have also increased thanks to the efforts of the new hall bookings secretary. So the hall is now used more intensively although we still have capacity to expand further. There has also been a benefit as people attending the outside bookings have joined as new members of the trust realising what the trust offers. Income from hall bookings remains healthy and a big thank you to all concerned. Income is also generated by the continued residence of the chiropody practice and from our popular monthly market stall efficiently run by volunteer members Our social events team have now regularly spoils us with brilliant evening entertainment this past 12 months with improvements to the AV lighting system to enhance the experience of musical events. Glen Kennedy, in his second year as treasurer, has managed to secure a £20000 grant to replace the halls old gas heating and hot water system with an Air Source Heat Pump, new water tank and upgraded radiators at a cost of £23940. And thanks to everyone who helped out with temporary heating and working around the contractors as it had to be completed in February to meet the grant timescales. Not a single activity or hall booking was cancelled as a result. This is will further reduce the energy cost and has enabled disconnection of the gas supply and meter making the hall more environmentally friendly as well as future proofing our building not only for us but for those who come after us. Other improvements include the installation of full fibre Broadband, replacement of the 2 Table tennis tables, replacing the 20 year old gas cooker with a new electric range cooker and modernisation of the IT by using the cloud rather than local data storage. This enables trustees and key volunteers to work remotely saving time and improving response times. We will continue to strive to improve things and make the Trust stronger as we adapt to new demands from our members and local community. |**Bovey Tracey Activities Trust Accounts for the**|**year ended 31st December 2023**|| |---|---|---| ||**31/12/2023**|**31/12/2022**| ||**£**|**£**| |**Income**||| |Atendance|0.00|0.00| |Class Fees|9,875.80|7,517.70| |Shop Sales|0.00|0.00| |Membership Fees|8,868.50|6,716.60| |Rent|11,813.00|6,872.50| |Computer Revenues|0.00|0.00| |Bank / Building Society Interest|1,277.67|545.82| |Miscellaneous
Thrif Club
Fund Raising / Donatons
TOTAL INCOME
**Expenditure**
Depreciaton on equipment & computers
Electricity Gas
Water
Cleaning
Refuse Collecton
Alarm
Housekeeping
Repairs / Maintenance
Running Expenses
Fund Raising / Donatons
Computers
Insurance
Accountancy|55,834.97
21,652.62
6,106.06
6,316.71| |---|---| ||61,941.03
27,969.33| ||24,000.00
0.00
0.00
0.00
9,491.07
1,706.28
2,447.76
1,272.77
1,669.88
1,068.00
635.75
522.47
6,871.16
6,845.90
659.47
415.30
270.00
1,511.95
2,430.10
1,296.83
4,269.20
7,623.03
1,037.55
770.39
1,587.85
2,510.10
0.00
0.00
2,573.24
2,982.92
486.00
459.90
4,804.01
3,374.21
520.00
260.00
1,310.00
200.00| ||41,063.04
32,820.05| ||14,771.93
-
11,167.43
6,106.06
6,316.71| ||20,877.99
-
4,850.72| Office expenses Miscellaneous Thrift Club TOTAL EXPENDITURE FOR THE YEAR Surplus of Expenditure over income Fund Raising NET DEFICIT/PROFIT FOR YEAR ## **ACCOUNTANTS REPORT** **I have examined the books and documents produced to me and believe the above statement to be a true statement of affairs of The Bovey Tracey Activities Trust as at 31st December 2023** **----- Start of picture text -----**
One Plus One Accountants
Accountants
34 - 36 Fore Street
Bovey Tracey
Devon
Date: 27th February 2024 TQ13 9AE Bovey Tracey Activities Trust
Accounts for the year ended 31st December 2023
MEMBERS FUND £
**----- End of picture text -----**
BALANCE AS AT 01/01/2023 454,362.66 Surplus/deficit for the year 20,877.99 BALANCE AS AT 31/12/2023 475,240.65 **Opening Statement of affairs as at 1st January 2024 FIXED ASSETS AT COST £ £** Buildings at cost 384,065.90 Computers at cost less depreciation 1,477.53 Equipment at cost less depreciation 26,995.67 412,539.10 CURRENT ASSETS Investment Account 56,851.58 CAF Gold Account 0.00 CAF Current Account 0.00 LloydsTSB 5,849.97 0.00 Cash 62,701.55 NET ASSETS 475,240.65 FINANCED BY: Members Funds 475,240.65 Bovey Tracey Activities Trust Accounts Year ending 31st December 2024 |**Bovey Tracey Activities Trust**||||||| |---|---|---|---|---|---|---| |
**Accounts for the year ended 31st December 2024**||||||| |||**12/31/2024**|**12/31/2023**|||| |||**£**|**£**|||| |**Income**||||||| |Atendance||0.00|0.00|||| |Class Fees||9,979.50|9,875.80|||| |ShopSales||0.00|0.00|||| |MembershipFees||10,184.00|8,868.50|||| |Rent||11,953.00|11,813.00|||| |Computer Revenues||0.00|0.00|||| |Bank/BuildingSocietyInterest||2,316.50|1,277.67|||| |Miscellaneous||0.00|24,000.00|||| |Thrif Club||0.00|0.00|||| |||34,433.00|55,834.97|||| |Fund Raising /Donatons||24,840.90|6,106.06|||| |||||||| |TOTAL INCOME||59,273.90|61,941.03|||| |||||||| |**Expenditure**||||||| |Depreciaton on equipment & computers||7,879.93|9,491.07|||| |Electricity||560.22|2,447.76|||| |Gas||1,251.14|1,669.88|||| |Water||809.66|635.75|||| |Cleaning||8,888.14|6,871.16|||| |Refuse Collecton||714.60|659.47|||| |Alarm||0.00|270.00|||| |Housekeeping||3,053.37|2,430.10|||| |Repairs/Maintenance||8,510.27|4,269.20|||| |RunningExpenses||5,304.95|1,037.55|||| |Fund Raising /Donatons||3,086.97|1,587.85|||| |Computers||0.00|0.00|||| |Insurance||2,646.79|2,573.24|||| |Accountancy||510.00|486.00|||| |Office expenses||3,086.54|4,804.01|||| |Miscellaneous||24,260.00|520.00|||| |Thrif Club||0.00|1,310.00|||| |TOTAL EXPENDITURE FOR THE YEAR||70,562.58|41,063.04|||| |||||||| |Defcit/Surplus of Expenditure over Income||-36,129.58|14,771.93|||| |Fund Raising||24,840.90|6,106.06|||| |NET DEFICIT/PROFIT FOR YEAR||-11,288.68|20,877.99|||| |||||||| |||||||| |||||||| |**ACCOUNTANTS REPORT**||||||| |||||||| |**I have examined the books and documentsproduced to me and believe**||||||| |**the above statement to be a true statement of affairs of The Bovey Tracey**||||||| |**Activities Trust as at 31st December 2024**||||||| |||||||| |**One Plus One Accountants**||||||| |||**Accountants**||||| ||**34 - 36 Fore Street**|||||| ||**Bovey Tracey**|||||| |||**Devon**||||| |**Date: 23rd January 2025**||**TQ13 9AE**||||| |**Page 1**||||||| Bovey Tracey Activities Trust Accounts Year ending 31st December 2024 |||||||| |---|---|---|---|---|---|---| |||||||| |||||||| |**Bovey Tracey Activities Trust**||||||| |
**Accounts for the year ended 31st December 2024**||||||| |||||||| |||||||| |MEMBERS FUND||||||**£**| |||||||| |||||||| |||||||| |BALANCE AS AT 01/01/2024||||||475,240.65| |||||||| |||||||| |Surplus/deficit for theyear||||||- 11,288.68| |||||||| |||||||| |BALANCE AS AT 31/12/2024||||||463,951.97| |||||||| |||||||| |**FIXED ASSETS AT COST**||||**£**|**£**|| |||||||| |Buildings at cost|||||384,065.90|| |Computers at cost less depreciaton|||||1,367.97|| |Equipment at cost less depreciaton|||||21,978.98|| ||||||407,412.85|| |||||||| |CURRENT ASSETS||||||| |||||||| |Investment Account||||52,168.08||| |CAF Gold Account||||0.00||| |CAF Current Account||||0.00||| |LloydsTSB||||4,358.44||| |Cash||||12.60||| |||||56,539.12||| |||||||| |NET ASSETS|||||463,951.97|| |||||||| |FINANCED BY:||||||| |||||||| |Members Funds|||||463,951.97|| |||||||| ||Page 2|||||| |||||||| •ne 01626 833828 info@oneplusoneaccountants.co.uk www.oneplusoneaccountants.co.uk 34136 Fore Street, Bovey Tracey, Devon TQ13 9AE ACCOUNT ANTS 23 January 2025 SLI AD-B40 Mr G Kennedy Bovey TraLey Activilies Trust Phoenix Hall St Johns Lanc Bovey Traccy Devon TQ13 9FF Dcar Glen Bovey Traccy Activities Trust FiIillncial Statcnicnts Year Ended 31￿1 December 2024 I have pleasure in enclosing the accounls for Bovey Traccy Activities Trust for thL year endcd 31. DccLinber 2024 whiLh liave been prcpared from the accountinb7 rLYords and sprcadshccts that you supi)lied. You will SLL fi'oin the aCLounts that the total incomc for the year is £59,573.90, which is a dLcrcase of £2,666.13 on lasi ycar's tigiure of £61,941.03. The expenditure for the year amounts to £70,562.58 which therefore produLed a delicil t.or ihc ycar of£1 1,288.68. A copy of the Accounts has bLen fonvard to you via email. I can Lonfirni thal agpain this ycar no revaluation of the buildin&FS has been made on the Balance Slicet. ThL rcason for ihis is that ihere is no statutory requirement for any revaluation and should a rL'valuation bL undertaken thcn it should be substantiated by a roi'inal profcssional valuation and ihL Trust would ihcr¥forL' incur costs. Finally, l enclose a note of this firni's chargies for completing the Accounls which I trust you will find reasonable. Should you have any queries regarding your accounts please do not hesitate to contact me at any time. Regards Emma Start One Plus One Accouniants is ihe trading name of One Plus One Lrd Registered in England No. 03751421 Registered Office. 34136 Foie Street, Bovey Tracey, Devon. TQI 3 9AE- VAT Registration No. 722 0063 88