**Treasurer's Report 2023/24** ## **Mr Chairman,** May I present the 56th Annual Report to the Association. Overall our income in the year to 30[th] April 2024 was £4,082 more than our expenditure. ## **Income** The pie chart below shows a breakdown of income. ## **Income 2023-24** **----- Start of picture text -----**
Bar
Events (inc sponsorship)
Interest
Lettings & Subs
Other Grants & Donations
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The net income for the **Bar** was £7,280. **Events** included a very successful Gin & Prosecco evening and two separate quiz. The total raised was £3,164. Unfortunately we were unable to stage the annual Downhill Run. **Grants and Donations-** The 200 Club again made a donation of £4,000. We received £250 in recognition of our help with the Rotary Xmas Float. In addition we received a bequest of £2,000 from Jean Littler's estate. Jean used to be our booking secretary. The actual **Lettings** for the year totalled £81,689. The Weaver Words Literary Festival resulted in a net income of £3,425. ## **Expenditure** ## **Expenditure 2023-24** **----- Start of picture text -----**
Admin (excl staff costs)
Buildings (excl Projects)
House
Electricity
Gas
Insurance
PPL/PRS
Water
Unrecoverable VAT
Other Services
Staff Costs
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**Staff Costs** , wages and National Insurance contributions remains our largest area of expenditure. The total cost was £47,971 Other than the staff costs there were no significant **Admin** costs . The majority of the **Buildings** costs of £17,503 were due to the replacement of failed window units around the building, the refurbishment of the gents toilets with some work undertaken in the ladies as well. In addition the pot holes in the car park have been repaired. **House** costs were minimal. The **Services** costs reflected the increase in gas, electricity and water prices. ## **Balance Sheet** The increase in Net Current Assets reflects the excess income over expenditure. Frodsham Community Association remains financially healthy and we continue to hold reserves to cover the possibility of an uninsured loss. The need for reserves at the current level will diminish once we have completed the transition to CIO status. We would, however, look to retain c. 1 year's running costs. In addition you need to be aware that we will have some large items of expenditure in the coming years. Our heating system is coming to the end of its life and will need replacing within the next few years. We are also considering replacing the chairs in the Main Hall. Many have become damaged and some of our users have indicated they are not the most comfortable if sitting for any great length of time. ## **Budget for the Year 2024/25** In setting the budget I have made the following assumptions: - Wages/NI costs will increase in line with the National Living Wage - In addition to the normal repairs and renewals throughout the year, the planned programme of building maintenance will continue. We intend to refurbish the GP Room and the area outside of that room. The Large and Small Committee Rooms will be repainted as required and new carpet tiles fitted. - The level of increase in our utility costs will not be of the magnitude of last year. |**Expenditure**
**Category**|**Budget 2023/24**|**Actual 2023/24**|**Budget 2024/25**| |---|---|---|---| |Wages|£51,000|£47,971|£51,300| |Admin|£3,000|£1,210|£1,200| |Buildings|£9,800|£17,503|£13,500| |House|£4,200|£2,512|£2,500| |Services|£40,000|£38,130|£40,000| |Total|£108,000|£0|£108,500| ## **Income Assumptions** - Our Lettings will be at a similar level to the year just gone - The contribution from the Bar will be similar to historic levels - Events income will include a surplus from the Downhill Run **.** - The 200 Club will continue to make a contribution to the Centre's income. |**Income Category**|**Budget 2023/24**|**Actual 2023/24**|**Budget 2024/25**| |---|---|---|---| |Letngs & Subs|£90,000|£85,178|£85,000| |Bar|£7,000|£7,280|£7,500| |Events|£3,000|£3,164|£4,300| |Grants/Donatons|£8,000|£13,038|£9,500| |Bank Interest|£0|£2,748|£2,200| |Totals|£108,000|£0|£108,500| This budget is based on there being no change in current letting and affiliation rates. ## **Thanks** May I finish by thanking- - The members of the Management Committee - Sarah Coleman our Bookings Manager - Greg Jones, Brian Schofield, Steve Marsden and Jackie Hearn for their hard work supporting the users of the Centre. - Our volunteers, in particular our bar volunteers and the Centretainments committee - Jenny Woodward for the 200 Club - Sam Williams for helping to recycle the glass from the bar - Tony Fernandez for his help with the reconciliation and banking of our letting income - Our Independent Examiner of Accounts, Keith Helsby - Maggie Crimes our Minute Secretary - All of the Groups and individuals who continue to support the Centre in so many ways ## **Christine Reeves** Hon Treasurer **Income Statement To End: 2024-04 2023-04** **Excess Income Over Expenditure: £4,082 £18,116** |**Income**||Income|Expenditure|Surplus|Last Year| |---|---|---|---|---|---| |**_Bar_**||**_£13,531_**|**_£6,251_**|**_£7,280_**|**_£8,904_**| |Bar Sales||£12,643||£12,643|£15,286| |Cost of Sales|||£5,846|-£5,846|-£7,092| |Licence|||£180|-£180|-£180| |Sundries|||£93|-£93|-£333| |Wastage|||£132|-£132|-£103| |Wine Sales||£888||£888|£1,326| |**_Events_**||**_£4,586_**|**_£1,422_**|**_£3,164_**|**_£3,651_**| |Downhill Run|||||£767| |Gin and Prosecco Night||£1,765|£819|£945|£1,188| |Quiz||£2,473|£486|£1,987|£1,640| |World Textile Day||£348|£117|£231|| |Wreath Making|||||£56| |**_Grants Donations etc_**||**_£19,275_**|**_£0_**|**_£19,275_**|**_£6,256_**| |200 Club||£4,000||£4,000|£4,000| |Buildings Donations|||||£50| |Event Sponsorship|||||£400| |Open Donations||£5,363||£5,363|£1,556| |Rotary Xmas Sleigh||£250||£250|£250| |WW Funding||£9,662||£9,662|| |**_Interest_**||**_£2,748_**|**_£0_**|**_£2,748_**|**_£750_**| |Bank Interest||£2,748||£2,748|£750| |**_Lettings & Subscriptions_**||**_£85,178_**|**_£0_**|**_£85,178_**|**_£96,752_**| |Affiliation Fees||£2,375||£2,375|£2,200| |Equip Hire||£703||£703|£470| |Lettings||£81,691||£81,691|£94,056| |Membership||£21||£21|£25| |Staff Hire||£388||£388|| |**_Weaver Words_**||**_£18,156_**|**_£24,393_**|**_-£6,237_**|**_£0_**| |Artistic Spending|||£8,794|-£8,794|| |Earned Income||£13,086||£13,086|| |Marketing|||£3,074|-£3,074|| |Overheads|||£12,056|-£12,056|| |Project Development|||£469|-£469|| |Support in Kind||£5,070||£5,070|| ||**Totals:**|**£143,474**|**£32,066**|**£111,408**|**£116,313**| |**Expenditure**||Income|Expenditure|Surplus|Last Year| |---|---|---|---|---|---| |**_Admin_**||**_£71_**|**_£49,252_**|**_-£49,181_**|**_-£47,491_**| |Copier||£71|£447|-£376|-£213| |Marketing|||£61|-£61|| |Postage|||£38|-£38|-£21| |Stationery|||||-£15| |Sundries|||£737|-£737|-£1,108| |Wages/NI|||£47,971|-£47,971|-£46,133| |**_Buildings_**||**_£0_**|**_£17,503_**|**_-£17,503_**|**_-£20,290_**| |Ground Maintenance|||£5,344|-£5,344|| |Lift Maintenance|||£240|-£240|-£250| |Repairs & Renewals|||£6,585|-£6,585|-£17,448| |Safety Certificates|||£411|-£411|-£1,260| |Security|||£585|-£585|-£374| |Sundries|||£544|-£544|-£579| |Toilet Refurb|||£3,374|-£3,374|| |Window Cleaning|||£419|-£419|-£378| |**_House_**||**_£0_**|**_£2,512_**|**_-£2,512_**|**_-£2,043_**| |Cleaning Materials|||£1,121|-£1,121|-£1,132| |Kitchen|||£1,001|-£1,001|-£109| |Laundry|||£135|-£135|-£125| |Maintenance|||£10|-£10|-£10| |Sundries|||£246|-£246|-£667| |**_Projects_**||**_£0_**|**_£0_**|**_£0_**|**_-£191_**| |Storage Facility|||||-£191| |**_Services_**||**_£1,754_**|**_£39,884_**|**_-£38,130_**|**_-£28,182_**| |Associations|||£50|-£50|-£50| |Bank Charges|||£348|-£348|-£429| |Electricity|||£8,063|-£8,063|-£4,937| |Euro-Bins|||£1,854|-£1,854|-£1,939| |Gas|||£8,739|-£8,739|-£4,276| |Insurance||£1,626|£5,859|-£4,232|-£3,842| |Performing Rights|||£1,286|-£1,286|-£1,286| |Rent & Rates|||£1|-£1|-£1| |Telecomms|||£631|-£631|-£685| |VAT Unrecovered|||£6,525|-£6,525|-£5,663| |Water||£128|£6,529|-£6,402|-£5,074| ||**Totals:**|**£1,825**|**£109,151 **|**-£107,326**|**-£98,197**| **To End: 2024-04 2023-04 Net Current Assets: £200,817 £196,731** ## **Balance Sheet** |**Assets**||||Year End|Last Year| |---|---|---|---|---|---| |**_Accrued Income_**||||**_-£439_**|**_-£776_**| |Invoiced Lettings||||-£439|-£776| |**_Bar_**||||**_£2,610_**|**_£2,598_**| |Bar Cash||||£452|£442| |Stock||||£2,158|£2,156| |**_Customer Invoice_**||||**_£41_**|**_£0_**| |**_Deferred Expense_**||||**_£0_**|**_£9,544_**| |Weaver Words||||£0|£9,544| ||||**Totals:**|**£2,212**|**£11,366**| |**Bank Accounts**||||Year End|Last Year| |**_Activities Account_**||||**_£33,505_**|**_£40,737_**| |**_Capital Account_**||||**_£92,200_**|**_£90,534_**| |**_Development Account_**||||**_£67,204_**|**_£62,122_**| |**_Paypal_**||||**_£5,645_**|**_£4,154_**| ||||**Totals:**|**£198,554**|**£197,546**| |**Cash**||||Year End|Last Year| |**_Petty Cash_**||||**_£12_**|**_£24_**| ||||**Totals:**|**£12**|**£24**| |**Liabilities**||||Year End|Last Year| |**_Deferred Income_**||||**_£0_**|**_-£11,390_**| |Weaver Words||||£0|-£11,390| |**_PAYE-NIC_**||||**_£99_**|**_-£241_**| |Combined NICs||||£204|-£185| |Income Tax||||-£105|-£57| |**_Supplier Invoices_**||||**_-£81_**|**_-£286_**| |**_Underpayments_**||||**_-£0_**|**_£0_**| ||||**Totals:**|**£18**|**-£11,918**| |**VAT**||||Year End|Last Year| |**_Inputs_**||||**_£827_**|**_£132_**| |Exempt||||-£4|-£4| |Residual||||£612|£41| |Taxable||||£220|£95| |**_Net Amount Due_**||||**_-£183_**|**_-£77_**| |**_Sales_**||||**_-£623_**|**_-£342_**| ||||**Totals:**|**£21**|**-£287**| |**_Interest_**||**_£750_**|**_£0_**|**_£750_**|**_£21_**| |Bank Interest||£750||£750|£21| |**_Lettings & Subscriptions_**||**_£96,752_**|**_£0_**|**_£96,752_**|**_£63,612_**| |Affiliation Fees||£2,200||£2,200|£1,675| |Equip Hire||£470||£470|£484| |Lettings||£94,056||£94,056|£61,426| |Membership||£25||£25|£8| |Staff Hire|||||£18| |**_Weaver Words_**||**_£0_**|**_£0_**|**_£0_**|**_-£8,386_**| |Artistic Spending|||||-£4,532| |Earned Income|||||£4,741| |Marketing|||||-£3,041| |Overheads|||||-£8,574| |Project Development|||||-£776| |Support in Kind|||||£3,796| ||**Totals:**|**£126,181**|**£9,868**|**£116,313**|**£92,728**| ||**Totals:**|**£1,767**|**£99,965**|**-£98,197**|**-£67,755**|