Mister Gees Foundation
This financial report covers the period from the 8th of January 2024 to the 4th of February 2024 Inclusive.
If you compare the figures below with the profit and loss statements on our website there will appear to be some discrepancy. This is because in the first month of this financial year not only are the rates for the full twelve months charged but the landlord now invoices a full year’s rental, building charges and insurance; like the rates these costs are paid monthly instead of the rent quarterly in advance, the service charge six monthly in arrears and the insurance annually on April the 1st. The changes were made together with all of the other smaller shops on Warwick Parade in order to straight line their monthly expenses. The overall effect will not even out until the final payments have been made in March 2024.
Gross receipts for the period ending the 4th of February 2024 were five thousand, one hundred and ninety-nine pounds, seventy-three pence (£5,199.73) of which shop sales were four thousand, one hundred and ninety-two pounds.
The actual expenditure for the period was £119 this included utilities, internet sales postage costs and credit card processing charges.
DONATIONS MADE TO THE FOUNDATION CHARITY ACCOUNT
No donations have been made during the last four weeks; however, twenty-two thousand pounds is being held in the trading company’s reserve fund.
BANK BALANCES & CASH ON HAND
As of the 4th of February, cash at the bank was £28.383.31
Un-deposited funds were £262.50
The PayPal accounts stood at £456.68
Cash on hand in the till and petty cash totalled £70.00
Available funds for distribution in South Woodham Ferrers and the surrounding areas held in the registered charity’s bank account are £52,857.69 of which a substantial sum has been earmarked to support the establishment of a Men’s Shed and Community Hub as well as providing new work space for the food bank.
TO SEE THE FULL FINANCIAL STATEMENTS IN PDF FORM VISIT www.mistergees.org