1[st] April 20 – 31[st] March 2021 Treasurers Report
The financial year started with a healthy £29,000. All of this in the units’ bank account apart from £6 kept as petty cash for giving change at ‘stand easy’. This means we have achieved a goal of becoming a cashless unit through use of payment through Parent-Mail.
Overall monies paid in £36,000.
Notably, £5,000 final start up payment for GPUTC , £4,000 from BGL and a substantial amount from the government grants for help during the Covid19 pandemic. Although we have been incredibly successful in receiving help it must also be noted that our cadet donations were only £3,000. £7,000 less than the last financial year.
Monies paid out £19,000.
Overheads £4,800 (gas, electric, telephone, rent, insurance etc). Operating costs £10,000 cut by half compared to last financial year, another goal achieved to cut costs and be more accountable for spending.
Considering the circumstances, we have faced we have financially had a good year making a profit of £19,000 added to the opening balance we have finished off the year with a healthy £46,700 in the bank (£10,000 of which restricted to use of GPUTC).
Moving forward, we need to be cautious and sensible once again and allow enough money to cover our overheads and operational costs for the next two years this will allow for the fact that our cadets will not be out fundraising for at least a year and asking for donations/grants is becoming incredibly hard as all seem to be ‘tightening their belts’. In addition, the flood cover will also have an impact and options need to be carefully considered.
On a more positive note, we are still left with a sizeable amount with which we are looking to use for updating the unit and allow us to continue in a safe manner as per government restrictions, some of which has already taken place; structural changes to classroom, ordering of new projectors and screens, increase number of kayaks and an additional Trinity boat. Recruitment of new cadets, advertising, flags and banners etc is also a consideration. (Please note some of the above will take time due to limitations out of our control)
*All account ledgers and statements are accessible on SharePoint for UMT members, and a full breakdown of receipts and expenditure documented. End of year accounts have also been independently verified.
Dianne Lyons
Treasurer
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Summary Detail Report Peterborough Financial Year 1st April 2020 to 31st March 2021 Recelpi$ Donatn$ 8ursir- restricted BuiSitles- Unltrk1eo Cadet £$0 £4ABI89 Éom £om £350. £0. £0.00 £0.)) WaterRe5 £Z2L39 Ihifdwrty-restyed Thlrdp¥iY- uhiestrfued Ward Rotjm £0( £7.rrf> EQ( ecrri £1,075.r2 £1,441.36 £0. Fund¥alsln8 eaeparks Flagweek Sotsal Commynltye¥wts £&24 £SO902 fo. £o.Ix) tantE.bJiKrt& Insuri.bQ3ts £O.OD £0 £63440 ES95.fA) £&14 nerJted PropÈrtyRentsi Sale tr[Sets Sale of GOts SCAV £th ELLLVJ £0( £0. GTrnts Exteih4- iesiricted Ext1. unrellriued m5[Annu£1 Futbd rwb unifHe4th. Hy#en2&Wdlkn Eierrt <£250. £S.CtQ(N) £2024093 £1.145.46 £o.o) £65.75 Tralnlng Competityon Fe25-externalpttdei Competlfjon Fee5.1nlernaprlryder CourseFees. pravider Course Fees-intetn41 Jildthernaintarrf £448 55 £oD) £o.o) £0 £0. £o.co £0. £507.$0 ven1tee, kK>T&RFt UDe•rned Bank Interest PPE&Btandeddottyr £318.35 E8ml.91 £LIX)1.9ll Eono £o.o) InvestmentRe¢eipts £4449.56 CtympeiijOI FeeS.intemprU1dlr £ono £0.00 £184. £0. £15.56 £0.00 3TdPIrtylTavd-oth Partytravd.ra 3[dPtrtr*-¢o?d Q.(K> EQ.LYJ £0. £4,250.th) EO.fO Tradln8 Profftl Loss Flrt•ndalYear tstAprll 20X+to 315t Mèrth 2021 le¥alfe25 £000 £oco £0 Othwfe¥ecO5I5 £16.679.69 £19,382.48 ¥13
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Summary Detail Report Peterborough Financial Year 1st April 2020 to 31st March 2021 Recelpi$ Donatn$ 8ursir- restricted BuiSitles- Unltrk1eo Cadet £$0 £4ABI89 Éom £om £350. £0. £0.00 £0.)) WaterRe5 £Z2L39 Ihifdwrty-restyed Thlrdp¥iY- uhiestrfued Ward Rotjm £0( £7.rrf> EQ( ecrri £1,075.r2 £1,441.36 £0. Fund¥alsln8 eaeparks Flagweek Sotsal Commynltye¥wts £&24 £SO902 fo. £o.Ix) tantE.bJiKrt& Insuri.bQ3ts £O.OD £0 £63440 ES95.fA) £&14 nerJted PropÈrtyRentsi Sale tr[Sets Sale of GOts SCAV £th ELLLVJ £0( £0. GTrnts Exteih4- iesiricted Ext1. unrellriued m5[Annu£1 Futbd rwb unifHe4th. Hy#en2&Wdlkn Eierrt <£250. £S.CtQ(N) £2024093 £1.145.46 £o.o) £65.75 Tralnlng Competityon Fe25-externalpttdei Competlfjon Fee5.1nlernaprlryder CourseFees. pravider Course Fees-intetn41 Jildthernaintarrf £448 55 £oD) £o.o) £0 £0. £o.co £0. £507.$0 ven1tee, kK>T&RFt UDe•rned Bank Interest PPE&Btandeddottyr £318.35 E8ml.91 £LIX)1.9ll Eono £o.o) InvestmentRe¢eipts £4449.56 CtympeiijOI FeeS.intemprU1dlr £ono £0.00 £184. £0. £15.56 £0.00 3TdPIrtylTavd-oth Partytravd.ra 3[dPtrtr*-¢o?d Q.(K> EQ.LYJ £0. £4,250.th) EO.fO Tradln8 Profftl Loss Flrt•ndalYear tstAprll 20X+to 315t Mèrth 2021 le¥alfe25 £000 £oco £0 Othwfe¥ecO5I5 £16.679.69 £19,382.48 ¥13