Aston and Cote Community Trust
Treasurer’s Report -- year ending 31 March 2025
Independent review of accounts
Although the income of the Trust is below the level needed for an independent review by the Charity Commission (£25k), the accounts have been reviewed and agreed by Nicholas Hoskins ACCA.
Commentary on activities
Letting income
The income from letting the hall and playing fields was £17053.00 £ (2023: £14807.20) reflecting an increase on the previous year. The Trust did not raise letting charges during the year ended Mar 2025 but have implemented an increase with effect from 1 May 2025.
| FY 19-20 | FY 20-21 | FY 21-22 | FY 22-23 | FY 23-24 | FY 24-25 | |
|---|---|---|---|---|---|---|
| **Letting Income ** | £10,773.00 | £1,703.00 | £10,530.00 | £12,842.00 | £14,807.20 | £17503.00 |
General fundraising
There was no fund raising implemented in the year ending 31 March 2025 as opposed to the sum raised in last year's accounts of £505. The 500 club, led by Elizabeth Hook also continued to raise significant funds for the Trust and contributed £5,092.00(2023: £4,926.00). Sundry receipts totalled £966.81 representing contributions from Aston FC for insurance of the outfield mower, refund from music license refund from MUGA costs in relation to planning applications.
Donations and Grant Income
The Trust received matched funding costs from the Parish Council totalling £4,655.
General expenditure
Expenditure has risen significantly including the soffits repairs, which was undertaken in 2023/24 but the cost was included in this year's accounts. Further expenses were incurred investigating the drains and pump, and repairs arising. Furthermore higher electricity costs have impacted the balance sheet. Expenditure during the years was £35,604.06 (2024 £23,054.57) giving a deficit of £5,779.90.
Operating surplus/deficit
Total income of £29824.16 (2024: £31,043.52) was less than expenditure by £5,779.90 (2024: surplus of 7988.95)
| FY 24-25 | FY 23-24 | |
|---|---|---|
| Letting | 17503.00 | 14807.20 |
| 500 Club | 5092.00 | 4926.00 |
| Fund Raising | 0 | 505.67 |
| Donations | 4655.00 | 6021.08 |
| Interest | 1057.35 | 636.64 |
| Other | 1966.81 | 4146.93 |
|---|---|---|
| Total | 29824.16 | 31043.52 |
| Caretaker/Cleaning | 6863.50 | 5856.24 |
| Maintenance/repairs | 15310.20 | 3874.80 |
| Utilities | 5875.76 | 4631.29 |
| Council tax/water rates | 312.95 | 293.87 |
| Insurance | 2460.05 | 2149.15 |
| 500 Club prizes | 2400.00 | 2400.00 |
| Playground | 206.40 | 705.20 |
| Muga | 720.00 | 1948.70 |
| Other | 455.20 | 1195.32 |
| 34604.06 | 23054.57 |
Cash position
The closing cash position of £50332.44 (2024: £56112.34) is comprised general funds of £47304.04(2024: £53083.94) and restricted funds, designated for the playground of £3028.40(2024: £3028.4).
Tony Windscheffel Treasurer Aston and Cote Community Trust