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TREASURER’S FINANCE REPORT
October 2021

INCOME £32.3k surplus
£107.8k vs a target of £75.5

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EXPENDITURE £492 underspend
£94.8k vs a budget of £95.3k
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We have a combined income surplus and expenditure underspend of £32.8k against the Pro Rata budget-to-date.
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INCOME: A £32.3k income surplus against target, with healthy income surpluses for both Clubs and Fundraising.
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EXPENDITURE: I have adjusted some of the Division budgets (e.g. increasing Finance, whilst decreasing Fundraising), to get us closer to where I think we will finish the year.

I wanted to increase the Think BIG! fund by the same amount as the latest National Lottery Grant instalment (£21,600); however, our salary expenditure to date won’t allow us to match the £21.6k at present, so I have ring-fenced an additional £11.6k for now, with an expectation to add surplus income to the fund at the end of the year.

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RING-FENCED FUNDS
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Mencap Ring-Fenced: £55,957.24
Air Con: £1,376.50
Golding Homes: £1,500
Cobtree Charity Trust: £0
National Lottery 5 Year: £14,300.74
Think BIG!: £32,200
Juniors SB’22 = £2,839.75
Youth SB’22 = £2,740.25

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Playschool Ring-Fenced: £16,918.61
DAF: £7,298.20
SENIF: £9,620.41

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2021 Fundraising

2020 EOY Report
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