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Gargunnock Community Centre - Management Committee
Annual General Meeting - Thursday 17th February 2005
Treasurers Report and Comments on the Accounts
Notes to the Income and Expenditure Statement
INCOME
1. For the year 2004, the total rental income to 31 December was some £4,561 (of this some £3,165 had been banked by Christmas and is reflected in the audited accounts); this shows a increase on the previous year of £111 or 2.5%. The improvement was due partly to the effect of Rent increases brought in on August, offset by a slight reduction in the number of bookings.
2. The grant received from the Council was £2,500. Unlike the previous year, no grants were received from the Futures Group and the Gargunnock Trust.
3. The Carol Concert was again successful in the new format thanks to the great efforts by all concerned and raised the sum of £440 after expenses.
4. The Fund Raiser Craft fair run by Fay Macmillan and her colleagues contributed £332 and many thanks for their efforts.
5. Total income for 2003 is £6,939.19 for both accounts.
EXPENDITURE
6. Staff costs (£2340) were only 9% higher than last year, despite being available all year. Repairs and maintenance were down to £1,188 from £3,034.
7. Running costs remained similar at £1,747, mostly heating oil.
COMMENTS
The overall cash-in-bank position of the Centre has improved from £9,854.34 to £11,162.87 as at the year end.
The Auditor, when discussing the Accounts with me, again suggested that it would be sensible to change the name of our Second Account to avoid possible difficulties in the future in respect to its’ use. He suggests the name “Capital Reserve Account”.
I would like to recommend to the meeting that Mr Trevor Boyd be asked to continue as Auditor for next year.
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