Tuesday 25 January 2022

Treasurer's Report and Accounts


Treasurer’s Report - 2021 Accounts

There has been very little financial activity again this year, for reasons which are all well aware of, consequently my report is brief.

The accounts are presented in the usual format, with Income & Expenditure at the top and the Balance sheet below.  The prior year results are shown for comparison purposes – although neither year has been “normal”.

The key items are as follows:


Subscriptions were carried forward from 2020, so nothing of note in this line, although it is pleasing that we have had so many visitors since we resumed our monthly meetings. Along with Raffle and Sales this makes up the total income of £220.80 for the year.


Group insurance was carried forward so there is no charge for 2020, we renewed this as shown in 2021 and are covered for the year to 30/06/22.

Speaker costs shown are for one speaker this time due to restrictions which delayed decisions in this area.  We have also noticed that over the last couple of years speakers are moving on line rather than face to face, which may impact future bookings.                    

There are no costs for using the Church Hall in 2021 as we carried forward the previous year’s payment.  Costs for 2022 are expected to return to the usual level.

This year a total of £300 was donated to 2 charities for young people: -

Rainbows received £250 along with Zoe’s Place who received £50.

The cost of refreshments is higher than usual, as all outdated stock was disposed of   when meetings resumed and we then provided individually wrapped snack items.

We set up a Bursary of £500 using a legacy from Joan Smith, and this sum is included in the accounts; £100 is allocated for the two winners of the 2021 bursary (but not yet spent), the remaining £400 will be awarded and spent in coming years.

The closing position is a reduction of £486 this year, with total funds of £3,105 held by the group.  Despite the disruptions of the last 2 years, our financial position remains strong. This enables us offer membership fees for 2022 as follows: -

Renewal for existing Members         £15 for the year

New Members joining                       £25 for the year

Charges for Visitors                          £5 for Speaker Meetings, £2 Non speaker Meetings

No comments:

Post a Comment