Bury Jubilee Outdoor Pursuits Centre Financial Accounts For the Year Ended 31st December 2024
Charity No 512292
| Page | ||
|---|---|---|
| Board and Advisers | 3 | |
| Trustees Annual Report | 4 | |
| Statement of Financial Activities | 5 | |
| Notes to Financial Statements | 6 | |
| Balance Sheet | 7 | |
| Income Statement | 8 | |
| Accountants Report | 9 | |
| CharityCommission Report | 10 |
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Bury Jubilee Outdoor Pursuits Centre Members of the Board and Advisers
The Board of Trustees
David Ball Will Beckett Andrea Booth Denise Robinson
Accountant
Bank
MBS (Lancashire) Ltd 22 Belmont Drive Bury Lancashire BL8 2HU 07969 927267 mattmbslancs@gmail.com The Co-Operative Bank
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Bury Jubilee Outdoor Pursuits Centre
Trustees Annual Report
The Trustees have pleasure in presenting their report and unaudited financial statements for the year ended 31st December 2024
The Trustees
The trustees who have served the Charity during the period were as follows:-
David Ball Will Beckett Andrea Booth Denise Robinson
Approved by the Trustees on …......................
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Bury Jubilee Outdoor Pursuits Centre
Statement of Financial Activities
| 2024 Incoming Resources Charitable Trading Income 27792 Interest Receivable 0 Grants 0 Total Incoming Resources 27792 Resources Expended Management and Administration 22521 Total Resouces Expended 22521 Net Incoming Resources for the Year 5271 Balances Carried Forward (10768) Total Funds |
2023 24709 TBA 0 Total Funds |
|---|---|
| 24709 | |
| 40748 | |
| 40748 | |
| (16039) | |
| (16039) |
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Bury Jubilee Outdoor Pursuits Centre
Notes to The Financial Statements
1) Accounting Policies
Basis of Accounting
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice "Accounting and Reporting By Charities" (SORP 2000) and The Charities Act 1993
| 2) Charitable Trading Income Booking Fees Grants Other Income (Waste Disposal) 3) Interest Receivable Building Society Interest Receivable 4) Management and Administration Salaries Centre Costs Audit Fees |
2024 £ 27342 0 450 27792 0 8096 14425 0 22521 |
2023 £ 24709 0 - |
|---|---|---|
| 24709 | ||
| 0 | ||
| 9572 31176 0 |
||
| 40748 |
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Bury Jubilee Outdoor Pursuits Centre
Balance Sheet as at 31st December 2024
| Current Assets Cash at Bank and In Hand Total Current Assets Total Assets less Current Liabilities Funds |
2024 £ 36916 36916 36916 36916 36916 |
2023 £ 35000 |
|---|---|---|
| 35000 | ||
| 35000 | ||
| 35000 | ||
| 35000 |
These financial statements were approved by the members of the committee on the ….......... and are signed on their behalf by:
…................... …................... Andrea Booth David Ball …................... …................... Will Beckett Denise Robinson
Note: A check of the bank statements was not carried out at the time of compiling the 2023 Accounts due to Treasurer change over and bank account access issues. The balance for 2023 was estimated, this has been corrected in 2024. The statements have been checked and all is in order.
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Bury Jubilee Outdoor Pursuits Centre
Income Statement for the Year Ended 31st December 2024
| Income Skipton Interest ( Account Closed) Net Booking Income Less: Booking Refunds Eden District Council Grants Other Income (Waste Disposal) Total Income Expenses Light and Heat Caretaker Contract Fees Cleaning Insurance Other (Breakdown Attached) Booking Secretary Repairs and Maintenance Fire and Security Rates Telephone and Postage Trade Waste New Oven Maxigenie Water Audit/ Bank Charges Capex Website Costs Total Expenditure Profit/(Loss) |
2024 N/A 27342 (3440) 0 450 24352 4373 4496 2160 1898 1044 1440 3603 527 109 147 1718 - 894 12 - 100 22521 1831 |
2023 TBA 24709 - 0 - |
|---|---|---|
| 24709 | ||
| 3095 3812 4320 1642 295 1440 1285 939 111 1193 860 - 784 - 20972 - |
||
| 40748 | ||
| (9026) |
Note:
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Bury Jubilee Outdoor Pursuits Centre
Accountants Report
Summary of Performance 2024
Comments
Profit/Loss The charity made a small profit in this year which is a good sign as for part of the year the hostel was closed down due to water quality issues which resulted in refunds of bookings for the period. There was a major spend in 2023 to carry out essential upgrades to the building.
Revenue The revenue for 2024 is almost equal to 2023, booking revenue is down by 3.3% which is due to the close down detailed above. There has been extra income in the year in relation to shared waste disposal facilities.
Major Cost Variances to Prior Year
| Asset Purchase | 2024 2023 Variance Adv/ Fav 0 20972 20972 Fav |
|---|---|
| Light & Heat Cleaning/ Caretaker Insurance Booking Secretary Repairs & Maintenance Fire & Security Rates Telephone & Postage Trade Waste Audit & Bank Charges Maxigiene Water Website Costs Other |
4373 3095 -1278 Adv 6656 8132 1476 Fav 1898 1642 -256 Adv 1440 1440 0 No Var 3603 1285 -2318 Adv 527 939 412 Fav 109 111 2 Fav 147 1193 1046 Fav 1718 860 -858 Adv 12 0 -12 Adv 894 784 -110 Adv 100 0 -100 Adv 1044 295 -749 Adv 22521 19776 -2745 Adv |
Final Summary
In 2023 there was a major spend on essential upgrades to the hostel building, this created an overall loss for the year. Due to the spend the comparitive overall profits are not a true reflection of the situation. In 2023 there was a loss overall of £9026, in 2024 there was a profit of £1831, if we remove the spend on the building and compare actual trading income and expenses this is adverse by £2745. Income was slightly down due to the refunds given during the shut down and utility costs are up. Overall if we take into consideration all the factors the result is favourable and the investment in 2023 was essential and should serve the hostel going forward for many years.
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