The Breakaways
Treasurer’s Report
01 September 2024
Breakaways No 2 Reserve Account
The annual accounts for The Breakaways No 2 Reserve Account run from 01 September 2023 – 31[st] August 2024.
This account is used for non-funding business and includes collection of fees, donations and ballots etc…
There was an opening balance of £5,835.07 in The Breakaways No 2 account on 01 September 2023.
The expenditure and income were as follows:
| Income | £ |
|---|---|
| Member fees | 7552.00 |
| Bingo | 969.00 |
| Donations | 785.00 |
| Fundraising for outings | 7,047.00 |
| Expenditure | £ |
| Business administration | 475.00 |
| Entertainment | 2400.00 |
| Sundries (Bingo books, cleaning materials, petty cash) |
93.00 |
| Donations to charities (NI Hospice |
£50.00 |
Payments are made weekly as required before monies are lodged into account. The main expenses paid before the money is lodged into the
account include entertainment, business administration, sundries and donations or fruit baskets as required.
There was also bank Interest for the period of the accounts £85.20 that requires to be paid on a monthly basis.
The lodgements and expenditure for the bank are listed below.
| Payments made in £ |
Payments out £ |
Explanation |
|---|---|---|
| 13,339.20 | 11,446.59 | £1500 Food and bus hire Tullyglass November 2023 £3000 towards food and bus hire for Tullyglass June 2024 £6,946.59 Donegal accommodation April 2024 |
Expenditure paid from the bank account included accommodation for Donegal and underspends for food and refreshments and bus hire for outings not covered under any funding provided to the club.
At the end of the financial year 31 August 2024, bank accounts of Breakaways No 2 Reserve Account stands at £7727.68.
I would like to thank those members past and present and their families for the donations to the club which helps us with our weekly activities and outings.
Breakaways No 2
Is a charitable account. We opened this account to keep separate incoming funding.
The opening balance on 31 August 2023 was 13,354.87. We had £14,337.00 of grants from Antrim and Newtownabbey Borough Council and Neighbourhood Renewal Partnership as part of a Community Programmes Grant, Christmas Dinner Grant, Keeping Warm Grant and Neighbourhood Renewal Programmes grant.
The expenditure was a follows:
| Expenditure heading | Amount |
|---|---|
| Bus Hire | 5260.00 |
| Venue Hire | 1,500.00 |
| Insurance | 161.76 |
| Entrance fees | 500.00 |
| Food and refreshments | 5,119.70 |
| Materials | 62.00 |
| Bank charges | 113.82 |
| Entertainment | 1,120.00 |
The closing balance on 1[st] September 2024 was £10, 075.34.