Accounts & AGMaccounts

Maidstone Mencap Charitable Trust Ltd.
Registered Charity # 1009677
Registered Company # 02672192

Gift Aid reference # XR8090
Accounting period: January – December
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Monthly Finance Report

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Treasurer’s Finance Report (Aug 2020)

Income (YTD): £4.3k surplus
£90.9k vs a target of £86.6k
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Expenditure (YTD): £16.9k underspend
(£60.4k) vs a budget of (£77.3k)
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Overall, we are running a surplus of £21.2k against budget, which is due to:
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INCOME: the release of SENIF funding for Playschool salaries, leading to a surplus for Clubs (3.7k)
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EXPENDITURE: an underspend on Salaries (£8.8k), Facilities (£5k), and Fundraising (1.4k). Salaries have been boosted by the receipt of £4.7k government-funded furlough payments; the Facilities budget errs on the side of caution after we’ve been caught out in previous years by unforeseen expenditure; and the Fundraising expenses underspend is driven by the fact we’ve had to cancel the majority of our events due to COVID-19.
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Thanks to excellent work by Teresa, the charity has been awarded a National Lottery Grant of £26.8k, which must be spent by the end of March 2021 on all non-Grant funded salaries and overheads. I will work with Liane, Teresa and the Board to determine how the Lottery money will be allocated, which will mean reorganising our budget for the remainder of the year. Budget money freed up by the Lottery Grant can then be allocated towards the new boiler and any shortfall can be sought through Grants, if necessary.

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Ring-Fenced Funds
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Mencap Ring-Fenced: £5,671.00
Sensory room: £271.00
Junior Gateway (20/21): £2,659.75
Youth Club (20/21): £2,740.25

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Playschool Ring-Fenced: £9,691.32
DAF: £4,036.30
SENIF: £5,595.02

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Now the clubs are open again (adhering to strict social distancing regulations), we hope life will continue to slowly return to normal for our charity and the rest of the country. We will continue to monitor our financial situation and dynamically adjust the budgets where possible to better reflect the changes caused by COVID-19.
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We have hit 83% of our new revised Fundraising target.
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2020 Fundraising
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AGMs (Annual General Meetings)

Pre-AGM: AGM Agenda; Annual Report
Post-AGM: AGM Mins; Annual Accounts

2019 AGM Agenda: Read/download
2019 Annual Report:
Read/download
2019 AGM Minutes: Read/download
2019 Annual Accounts: Read/download

2018 AGM Agenda: Read/download
2018 Annual Report: Read/download
2018 AGM Minutes: Read/download

2018 Annual Accounts: Read/download

2017 Annual Report: Read/download
2017 AGM Minutes: Read/download
2017 Annual Accounts: Read/download

2016 Annual Report: Read/download
2016 AGM Minutes: 
Read/download
2016 Annual Accounts: Read/download

2015 Annual Report: Read/download
2015 AGM Minutes: 
Read/download
2015 Annual Accounts: Read/download

2014 AGM Minutes: Read/download
2014 Annual Accounts:
Read/download

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