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Treasurer’s Finance Report (May 2020)
Income (YTD): £826.62 surplus
£59,301.63  vs a target of £58,475.01
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Expenditure (YTD): £8,051.23 underspend
(£39,428.66) vs a budget of (£47,479.89)
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Overall, we are running a surplus of £8,877.85 against budget, which is mainly due to an underspend on Salaries (£6,136.21) and Facilities (£1,306.58). Facilities now has a surplus as the expenditure for the Fuseboard should have been deducted from the RIng-Fenced Funds for the Sensory Room. The overspend on Finance is due to a payment (£1,800) being made twice to Calcutt Matthews (a direct debit payment was triggered despite the fact it was to be paid manually), which will be corrected in June.

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Ring-Fenced Funds
Mencap Ring-Fenced: £14,832.00
Sensory room: £9,252.00
Junior Gateway (2021): £2,839.75
Youth Club (2021): £2,740.25
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Playschool Ring-Fenced:  £9.434.06
DAF: £3,839.12
SENIF: £5,594.94
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A number of recent generous donations to the charity will help cover the loss in fundraising revenue from the Summer Fayre. Teresa is looking into other grants we might be able to access; however, it is difficult to know what effect COVID-19 will have had on the charity’s fundraising efforts until later in the year.
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As previously mentioned, the Board agreed the charity will finance the 20% shortfall for all furloughed staff for the first three months (April – June). As we are expecting the clubs to re-open in June, we will reassess the furlough situation as most members of staff will be returning to work. An updated communication will be sent to all staff as soon as possible.
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2020 Fundraising = 33%
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