FINANCIAL REVIEW FOR THE YEAR 2nd January 2024 - 1st January 2025 

|**Expenditure (£)**|**2nd January 2024 - 1st January 2025**|
|---|---|
|Rent|£9600.00|
|Building Management Fees|£4200.00|
|Electricity: Light and Heat|£395.78|
|Fire Safety Maintenance|£100.80|
|Sundries Expenditure (Viking UK)|£36.54|
|**Total Expenditure (£)**|**£14333.12**|
|||
|**Income (£)**|**2nd January 2024 - 1st January 2025**|
|Member contributions to Electricity|£417.00|
|Member Rent Contributions|£14385.00|
|Bank inconvenience refund|£25.00|
|**Total Income (£)**|**£14827.00**|
|||
|**Balance 02/01/2024 (£)**|£3,871.06|
|**Total Expenditure (£)**|£14333.12|
|**Total Income (£)**|£14827.00|
|**Total cash flow (£)**|£493.88|
|**Balance 1/1/2025 (£)**|£4,552.91|



There have been no salary payments. The management and administration duties of Orchid Studios are undertaken by members of the association on a voluntary basis – this is in line with the ethos of the association. There were no payments made to Trustees during the reporting period 2nd Jan 2023–1st Jan 2024. 

## **Funds in Deficit, Funds Materially in Deficit** 

As of 1st January 2025 the association had no funds materially in deficit. 

## **Reserves Policy** 

The Reserves Policy of Orchid Studios is to maintain sufficient and appropriate reserves to enable continuing operations in the event of any potential risks that may arise. 



**ORCHID STUDIOS ACCOUNTS ANNUAL RUNNING COSTS** 

|**ANNUAL RENT**|**£9,600**|
|---|---|
|HARBOUR COMMISSION||
|PAID QUARTERLY (£2400)||
|**MANAGEMENT CO.**|**£4,200**|
|CBRE||
|PAID QUARTERLY (£1050)||
|**TOTAL RENT + MANAGEMENT CO**|**£13,800**|
|**MEMBERS ANNUAL RENT PAYMENTS**|**£14,385**|
|OTHER ANNUAL PAYMENTS||
|**ELECTRICTY**||



**FIREHOW**