Trustees Report for 2022
In 2022 the BMCA experienced yet another extremely challenging year after slowly starting to recover from the Covid pandemic to be hit by the trebling of our energy bills plus high inflation; was a severe blow to the BMCA’s financial position.
During the past 12 months the BMCA expenditure has exceeded its income in ten of the twelve months. This cannot be allowed to continue without serious consequences.
The BMCA is currently surviving by using its capital reserves which were intended for the building and infrastructure maintenance, not for the day to day running costs of the BMCA. If action is not taken by the BMCA Committee our capital reserves will run out by 2024 and the BMCA will be forced to close. This is after the BMCA had just celebrated its 100 year anniversary.
At the 2022 AGM the Committee failed to elect a Committee Chairman for the second year running to take responsibility for the day to day running of the BMCA, just leaving it to the Office Administrator and Trustees to take the responsibility.
Thankfully at the 2023 AGM a new Chairman has been elected. The Committee also proposed the election of two extra Trustees – Mr Stan Bourne and Burntwood Town Council (one representative).
On a more positive note the Trustees were able to sanction the installation of solar panels and the re-felting of our leaking flat roof plus controls to our light and central heating which help to reduce our energy bills.
This was only able to be done by the Office Administrator and Trustee obtaining grants plus using some of our capital reserves.
The Trustees will inform the Committee that no more money will be released from capital reserves unless the Committee can provide evidence of a saving of our energy costs or an increase in our revenue to ensure the future viability of the BMCA.
The Trustees will continue to encourage the Committee to try and attract more younger, active members to its Committee to help the BMCA survive the next 100 years.
As we stated in 2021, we will all have to work together to ensure the survival of the BMCA.
The Trustees would like to conclude their report by thanking the Officers of the BMCA, our Office Administrator and Staff for all their hard work in assisting the Trustees in helping to keep the BMCA open in yet another very trying year.
On behalf of The Trustees
B Harman
BURNTWOOD MEMORiAL OMMUNiri INCOME EXPEN INCOME 2021 R8nlaL8 Hffe of Ha16 Calwng Fcthll 39.943.59 1.535.85 2.170.(KI 19,306.60 550.00 1,925.00 43,649.44 21.781.60 Fund Rai8irJ Donatbrts Insuran( Clalm Grant8 Car Park F 16.C#J 35,QOO.00 25.130.14 2,826.79 17.182.38 8.587.68 2.816.39 29.020.50 62,972.93 Intemsl R•¢e 0.00 Tol81 Incom¢ 72.e69.94 84,754.53 PEND Captsl ExpoThJthrn 52,220.00 11.7KI.00 G•n•rnl Ktslnt•Mnc• 11.260.72 13.523.39 Salaries Honorartu Ck8onir¥J Car81ak8r WinLIows EMnIg3Sts 7,854.60 7.Al3. 3.241.) 270.LKI 7.3SS,00 6.362.2S 3,226.00 210.00 19.074.10 17.153.25 1Crf)Ih Cebbro¢ion Expgn•o1 1.395.91 1.54 Sefvic 9.27021 4.273.07 626.97 623.76 386.59 1,101.41 424.36 443.41 Ekntrftyty Tek8phon• Inlemgt Rates 14.794.01 2,355.77 Wat•r G8n¢ral 971.34 1.021.40 1,tK$3.43 296.98 1,992.74 1.300.41 Misce1b0US Printing. Pos¢o99 & Slationery Insurance A¢fverlisintyWob$ite C(ols cenc8S Professthal Ftes 8ank Charges MiscelL8n8ous ExFs 14420 1,460.21 861.21 -297.64 350.00 69.00 126.04 1.533.98 192.13 249.60 610. 254.12 3,789.53 2,713.02 TotBI Expondfture 104,527.01 49,397.38 Total Irwrne over Expend fcwd to Babn¢e Sheel £ -31.857.07 £ 35,357.15
BURN D MEmoRL MMUNifY ASS E SHEeT AS AT 31 DE EM8eR 2022 2021 HSBC Car Park 14.888.56 12.17T.17 Assets 88 at 01101122 187.724.62 152,367.47 HSBC 83.074.59 87.841.87 Profrtths the yew -31.857.07 35,357.15 Capiw A¢nI $7.693.40 67.193.40 Cash 211.fxl 512.18 155.867.S5 187.724.62 8131112r22 155.867.55 187.724.62 I hav• ox8mlMd fv IkS and r•c¢r¢s of eurn1j Commur¥ty f the ended 31 De¢•mhr 2022 aTrJ l am that IWha¥e b8¢n prwrty kepl aTr falrfy reprenI 01lh• al•tim. GoTrkJire Austs"n Indewndenl E¥2mkner
Independent examiner's report on the accounts
Section A Independent Examiner’s Report
Report to the trustees/ members of
Charity Name BURNTWOOD MEMORIAL COMMUNITY ASSOCIATION
On accounts for the 31 DECEMBER 2022 Charity no 522623 year ended (if any) Set out on pages 2 AND 3
(remember to include the page numbers of additional sheets)
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2022.
Responsibilities and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent I have completed my examination. I confirm that no material matters have examiner's come to my attention in connection with the examination ~~(other than that~~ statement ~~disclosed below *)~~ which give me cause to believe that, in any material respect,:
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the accounting records were not kept in accordance with section 130 of the Charities Act; or
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the accounts did not accord with the accounting records; or
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the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008, other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
- Please delete the words in the brackets if they do not apply.
Signed: Date: 14/02/2023 Name: GERALDINE AUSTIN Relevant professional qualification(s) or body (if any):
Address: 46 NAILERS DRIVE, BURNTWOOD, STAFFS, WS7 0ER
Oct 2018
1
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