| ERDINGTON RECREATIONAL TRUST REVENUE ACCOUNT |
Actual 12 Mths |
|---|---|
| 12 Mths 30/04/24 |
30/04/24 £ |
| Subscriptions Green Fees Sponsorship Donations Room Hire & Sale of Equip Social Committee Gift Aid Sundry Income Grants Interest Received TOTAL INCOME EXPENSES Heat & Light Rates & Insurance Total Utilities costs Printing, stationery & adverts Telephone & postage Total Admin costs Secretary's Expenses and Affliation Fees Legal & Professional Fees Total Professional costs Bank charges Equipment Leasing Card Machine charges Total Finance costs Repairs & Renewals Cleaning Materials Sundry expenses Total Premises costs Outdoor Green Depn Indoor Green Depn Equipment Depn Total Depreciation costs Total Overheads SURPLUS / (DEFCIET) Retained Bfwd Retained Cfwd |
34,717 |
| 20,544 | |
| 570 | |
| 439 | |
| 2,306 | |
| 2,331 | |
| 3,133 | |
| 5,833 | |
| 3,803 | |
| 1,928 | |
| 75,603 | |
| 18,665 | |
| 8,958 | |
| 27,623 | |
| 2,876 | |
| 394 | |
| 3,270 | |
| 1,688 | |
| 0 | |
| 1,688 | |
| 234 | |
| 3,367 | |
| 831 | |
| 4,432 | |
| 19,242 | |
| 6,874 | |
| 1,628 | |
| 27,744 | |
| 0 | |
| 3,763 | |
| 0 | |
| 3,763 | |
| 68,519 | |
| 7,084 | |
| 355,197 | |
| 362,281 | |
| ERDINGTON RECREATIONAL TRUST BALANCE SHEET 12 Mths 30/04/2024 |
Actual 12 Mths 30/04/2024 £ |
|---|---|
| Fixed Assets Property Outdoor Green Indoor Green Equipment Current Assets Bar stock Vending stock Prepayments Sundry Debtors Social Comm Bank Account Bowls Club Bank Account Bowls Cash Bowls Tour Bank Account Trust Current Bank Account Carpet Reserve Bank Account Bar Cash float Current Liabilities Trade creditors Accruals Sundry Creditors Net current assets / liabilities Long term loans Represented by: Profit & loss account |
193,603 0 11,289 0 |
| 204,892 714 150 5,905 0 8,826 2,745 202 11,390 8,025 137,663 0 |
|
| 175,619 -18,230 0 |
|
| -18,230 157,389 0 |
|
| 0 | |
| 362,281 | |
| -362,281 | |
| -362,281 | |
| 0 |
CHAIRMAN’S REPORT 2023-2024
There has been no change in the Trust’s objective to provide a recreational facility for the people of Erdington and the surrounding district.
Income continues to be derived from subscriptions and from fees paid at the time of use of the indoor and outdoor facilities. The focus this year has been to strengthen communication with the local community and encourage them to use the Club and its facilities. This has largely been successful as several community groups now use the facility on a regular basis, with local residents also having taken advantage of the Warm Space initiative at the Club during the winter months.
Despite the general rise in the cost of living, the Club has not seen a decline in membership.
Bowls and cricket continued to be played regularly throughout the respective seasons.
We have continued to further utilise use the now well-established cashless payment systems for items such as membership, green fees and bar usage. The Club remains virtually cashless, easing the administrative burden and reducing the risks posed by cash payments.
Income has now returned to pre-pandemic levels and the financial position of the Trust remains robust. The Club continues to explore ways of obtaining grant aid funding for future capital expenditure projects. The large increases in utility bills continue to put a strain on day-to-day finance. Measures have been implemented to reduce gas and electricity usage wherever possible. A further change in utility companies and careful monitoring of usage have also mitigated the effects of the price increases. After careful consideration, the programme of improvements to the Club facilities in preparation for the Bowls Club’s forthcoming centenary was commenced. The programme included redecoration of the indoor arena, provision of metal handrails on the outdoor green, and repainting of outdoor areas.
The “bowls for health” initiative has continued and proved highly successful in bringing former members back into the club and introducing new members. Several attendees have commented on the benefits of the sessions for their physical and mental well-being.
Continuing good and regular communication with members and sponsors along with an effective marketing strategy and tight cost controls should enable the Club to continue to look to the future with confidence.
The Trust continues to have a full complement of Trustees.
Financial statements have been prepared reporting the financial position of the Charity.
Robert P. Robinson
Chairman, Erdington Recreational Trust
ERDINGTON RECREATIONAL TRUST
: | | | | | :
INDEPENDENT REVIEW STATEMENT
FOR THE YEAR ENDED 30™ APRIL 2024
| have examined the books and records of Erdington Recreational Trust and in my opinion the Financial Statements give a true and fair view of the state of the Charity’s affairs at the 30 April 2024, and of its result for the year ended on that date.
In my opinion the accounts have been properly prepared in accordance with the requirements of the Charities Act 1992.
Sean Hatfield CGMA
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