CHAPELTOWN COMMUNITY CENTRE
Treasurer’s Report
- Year ending 31[st] May 2021
I now have to report on another unusual financial year at Chapeltown Community Centre. Due to the Coronavirus lockdown, we have been unable to use the Community Centre for much of the year resulting in no rent income in the first and third quarters of the year. I have pleasure in presenting the Annual Accounts for the year-ending 31[st] May 2021.
I have issued reports showing a summary for each quarter of the year, the current Bank Balance and Cash in Hand at the end of the year, together with their respective increase or decrease. Individual details of all transactions are included in the Annual Accounts booklet if anyone would like to see these. In addition, I have enclosed an account of the transactions for the Renovation Account showing fund raising and Excess funds transferred from the Current Account and the resulting balance at the end of the year.
Over the year in the General Account, we have received an income of £30,704.00 , which included Rents from user groups of £1,296.00 (much reduced due to Covid-19 lockdowns) . Also included in M iscellaneous Receipts is £50.00 for a key bond from a new group and £59.00 from donations. In addition, we have received Government Grants (via Sheffield City Council) of £29,299.00 in compensation for lockdowns.
Our expenditure has amounted to £ 29,595.88 which includes (£17,000 transferred to the Renovation Account to earn interest ) , resulting in an overall surplus on the year of £1,108.12. The expenditure consists of Rates of zero (as we received a 100% discount); Ground Rent £125.00; Gas £229.24; Electricity £482.59; Water Usage £163.75; Insurance Premium £1,698.43; Cleaning at £320.00; and Cleaning Materials £295.60, This gives us total Core Costs of £3,318.61. (More than half being our Insurance). Added to the Core Costs are General Maintenance and repairs at £672.36 and Miscellaneous Expenditure of £25.608.91. This was Refunds of Bonds £154.00; Spare Keys £46.50; Covid Cleaning & Sanitation Materials £122.82; Parking Notice £ 12.58; New Extractor Fans £ 1,954.27; New Electric Roller Shutters £5,208.00; New Doors £1,110.74; plus the £17,000 transfer to the Renovation Account.
The Renovation Account has increased by £17,001.88 to £24,223.79 which is made up of Bank Interest of £1.88 and the £17,000 transfer from the General Account.
Our Balances have increased by £1,108.12 in the General Accounts with an added increase of £17,001.88 in the Renovation Account. Our income from rents and miscellaneous bookings has greatly reduced this year as we have received no rents during 2 quarters and little rent in the other quarters due to lockdown. We have spent over £8,00.00 this year on renewing the extractor fans in the hall to improve ventilation, new electrically operated roller Shutters for security and installed some new doors. Our total funds now stand at just over £27,500 and rents would normally cover our core costs. Although we considered a small increase in rents last year this was not implemented due to the loss of income by Centre users. I suggest that as we currently have high reserves, we should retain rents at their current rate for another year.
The accounts will be duly audited and certified as a correct representation of the financial activities of the Community Centre by an independent examiner, Mrs Eileen Muscroft of Worksop, when we are able to meet. I am grateful for the work she carries out in verifying the accounts and I would like to extend my personal thanks to her.
Brian Middleton
(Treasurer)
| 1stQuarter | 1stQuarter | 2ndQuarter | 2ndQuarter | 3rdQuarter | 3rdQuarter | 4th | Quarter | TotalForYear | ||
|---|---|---|---|---|---|---|---|---|---|---|
| TypeofIncomeor | ||||||||||
| Expenditure | ||||||||||
| income | ||||||||||
| Rents | £ | £ | 939.00 | £ | £ | 357.00 | £1,296.00 | |||
| Miscellaneous Bookings |
£ | £ | £ | £ | £ | |||||
| Interest | £ | £ | £ | £ | £ | |||||
| FundRaising | £ | £ | £ | £ | 5.00 | £ 5.00 |
||||
| Donations& Miscellaneous |
£ | 5,030.00 | £ | 7,141.86 | £ | 7,135.14 | £10,096.00 | _£_29,403.00 | Includes£29,299.00inCovid-19 Lockdown&reopeningGrants |
|
| Total Income | £ | 5,030.00 | £ | 8,080.86 | £ | 7,135.14 | £10,458.00 | £30,704.00 | ||
| Expenditure | ||||||||||
| Rates | £ | £ | £ | £ | £ | |||||
| Gas | £ | 33.59 | £ | 124.42 | £ | 47.13 | £ | 24.10 | £ 229.24 |
|
| Electricty | £ | 146.00 | £ | 6.78 | £ | 175.66 | £ | 154.15 | £ 482.59 |
|
| Water | £ | 29.93 | £ | £ | 54.56 | £ | 79.26 | £ 163.75 |
||
| GroundRent | £ | £ | 62.50 | £ | £ | 62.50 | £ 125.00 |
|||
| Insurance | £ | £ | £ | £1,698.43 | £1,698.43 | |||||
| Cleaning | £ | 60.00 | £ | 200.00 | £ | 60.00 | £ | £ 320.00 |
||
| Cleaning Materials | £ | £ | 295.60 | £ | £ | £ 295.60 |
||||
| Maintenance | £ | 237.66 | £ | 144.90 | £ | 144.90 | £ | 144.90 | £ 672.36 |
|
| Miscellaneous | £ | 184.82 | £ | 11,294.27 | £ | 2,878.50 | £11,251.32 | _£_25,608.91 | Includes£17,000.00transferredto RenovationA/c togaininterest |
|
| Total Expenditure | £ | 692.00 | £ | 12,128.47 | £ | 3,360.75 | £13,414.66 | £29,595.88 | ||
| Surplus/Deficit | £ | 4,338.00 | -£ | 4,047.61 | £ | 3,774.39 | -£2,956.66 | £1,108.12JL | ||
| Bank | Accountsand | Cash | ||||||||
| CurrentA/c | CashinHand | Total | ||||||||
| 01June2020 | £ | 2,256.61 | £43.40 | £2,300.01 | ||||||
| 31May2021 | £ | 3,302.23 | £ | 105.90 | £3,408.13 | |||||
| Increase/Decrease | £ | 1,045.62 | £ | 62.50 | £1,108.12 | |||||
| RenovationA/c | ||||||||||
| 01June2020 | £ | 7,207.20 | £ | 14.71 | £7,221.91 | |||||
| 31May2021 | £24,209.08 | £ _ |
14.71 _ |
£24,223.79 | ||||||
| Increase/Decrease | £17,001.88 | £17,001.88 | ||||||||
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