The Treasurer’s response to John Simpson’s question at the AGM

   1. The bank balances look lower at Sept 2022 than 2021 because the OA grant of £2k was received in 2 tranches in October 2022. If these had been received before the September 30th year-end then the current account balance would have been £3641 compared to £4967 at September 30th 2021. The accrual of this £2k can be clearly seen in the Balance Sheet.
   2. The overall reduction in cash is due to the increased subsidising of the Under 30’s and the increases in some competition entry fees.
   3. The deficit in the Income & Expenditure account has reduced from £845 in 2020 to a small surplus of £38 in 2022.
    I hope that the above satisfactorily answers JS’s question.