This financial report covers the period from the 2nd of March to the year end on the 31st of March 2020 Inclusive
The charity shop closed on the 16th of March and will remain so for the foreseeable future. This decision was taken in advance of HMG’s notification in order to safeguard the staff and protect our valued customers. Obviously there will be on going expenses such as insurance, rent and utility charges and I am presently looking at ways that you might assist with these thereby enabling the shop to resume trading when the lockdown is lifted and continue.
Regretfully the charity is not allowed to give any money it has at its disposal back to the shop as this would break the aims of the charity as presented to and governed by Charity Commission.
Gross receipts for the final period to the 31st of March were four thousand, seven hundred and forty four pounds (£4,744).
The total expenditure for the period is shown as £4,554 this includes the rent for the March quarter, the rates for 2020-2021 and the cost of servicing the shop’s fire extinguishers the rent and rates have not yet been paid.
DONATIONS MADE TO THE FOUNDATION CHARITY ACCOUNT
The trading company transferred another five thousand pounds to the registered charity account on the 2nd of March, something that with hindsight it would not have done. This takes the total to one hundred and one thousand pounds since the 1st of April 2019.
It is unlikely that any donations will be made in the foreseeable future whilst the shop remains closed.
BANK BALANCES & CASH ON HAND
As of the 31st of March cash at the bank was £3339.79 plus un-deposited funds of £1552.64 however the outstanding rent and buildings insurance still needs to be paid.
The PayPal account stood at £54.84
Cash on hand in the till and petty cash totalled £ 60.00
Available funds in the registered charity’s bank account stand at £38,747.14
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