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Raising our funds:

 

Total Income £36,555

 

43% Voluntary Income - £15,835

27% Grants - £10,000

18% Events and club income - £6,630

7% Gift Aid - £2,310

 

Volunteer time is currently in excess of 200 hours per month and even if valued at the minimum wage would equate to nearly £15,000 per year.

 

Spending wisely:

 

Total revenue expenditure £31,325

 

Events & club activities - £5,590

Salary & employment costs - £23,210

Operational costs - £1,675

Depreciation and incidentals £850

 

Surplus and Reserves:

Surplus for the year £5,230

 

The surplus for the year is slightly less than in 2010 (£7,630) but rather better than budget. Overall income exceeded budget by £3,355 and total costs were contained under budget by £705. The Management Committee has set aside £5,000 towards its stated aim to build reserves of six months cost of operation by the end of 2012. This objective is unlikely to be achieved until 2014 because of planned growth, which increases income demand by £10,000 in 2012.

 

 

Detailed accounts are available upon request.

 

 

SMYP is an integral part of Cleobury Mortimer PCC, which is the designated employer.

 

A copy of the annual report can be obtained here

 

INCOMEIncome

 

43% Voluntary Income - £15,835


• Personal donations £6,645

A big thank you to the people who supported SMYP by making significant individual donations and those who made regular contributions. It is this community support providing regular income, which has grown considerably during the year at a rate that has doubled since September.

• Church Councils £9,190

Many Parochial Church Councils throughout the Cleobury benefice have continued to support this important youth work and responded by leading the way with donations to SMYP. They perceive the positive effect from their purposeful local charitable giving. 

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27% Grants - £10,000

The Lady Forester Trust and the Diocesan Partnership Support Fund gave generous support with grants totalling £10,000. This element of funding continues to be a vital source of income. /p>

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18% Events and club income - £6,630

Weekly fee income and contributions by youth club members and their families and friends ensured the success of Soul Survivor and other club activities and events.

 

7% Gift Aid - £2,310

By opting to gift aid their donations, SMYP is able to reclaim tax already paid by individual donors and add 25% to their gift. Some of this income relates to 2010.

 

5% Statutory & other income - £1,780

Since October, we have been receiving statutory funding for Mark Greaves’ participation in Lacon Childe and Cleobury Primary Schools previously carried out on a voluntary basis due to the value placed upon his work

 

 

EXPENDITURE

 

Events & club activities - £5,590

Every penny we spend is aimed towards providing a broad range of youth work activities in pursuit of our objective to fulfil the aims of ‘Every Child Matters’. SMYP is open to young people of all faiths and to those who have none.

 

Salary & employment costs - £23,210

Mark Greaves has been employed full time for the whole of 2011 and has continued his effective leadership whilst increasing the number of young people who have become involved and broadening the scope of activities.

 

Operational costs - £1,675

This includes the usual back office costs as well as room hire and the necessary insurances.

 

Depreciation and incidentals £850

Having acquired camping, climbing, band and AV equipment throughout the year purchased with generous dedicated donated funds (£5,050), we now have to depreciate these fixed assets in this year by £710.