Financial Report & Accounts 31 December 2014 A review of our finances
Review Income Costs Movements in total funds Balance Sheet – value of charity Summary of 2014 Where are we in 2015?
Total Income 2013 v 2014 £k
Income £k 2013 v 2014
Total Costs 2013 v 2014 £K
Charitable Activities 2013 v 2014£k
% Split of Costs in 2013 & 2014
Other Costs £k 2013 2014 Governance 3.7 3.6 Bank/Paypal 0.02 0.1
Net movements in total fund £k 2013 2014 Surplus Exc Adj 39.1 Accounting Adj 9.4 Surplus (Deficit) (2.4) 48.5 Asset Revaluation 248.1 13.0 Net movement 245.7 61.5
Balance Sheet £k - What are we worth? A snapshot at 31 December Item 2013 2014 Property at Cost 157 Investment Property 1189 1202 Money owed to us 33 43 Bank Balance 218 233 Money due to others (43) (20) Net Current Assets 207 256 Total Net Assets 1553 1615 Increase 245 62
Summary of 2014 Income £887k (Inc one off gifts £103.6k) Costs £839k Surplus of £48.5k v budget deficit of £116k (before asset revaluation) Increased net current assets by £49k Value of total assets increased by £62k Total funds £1,615k
2015
Forecast overall deficit down from £75k to £48k 2015 Giving & tax refund In Nov 2014 forecast £655k Forecast now - £681k Forecast overall deficit down from £75k to £48k
2015 Thank you to all who give so generously Cost budgets have been issued to budget holders Annual financial appeal will be in October
Auditors or Independent Examiners for 2015 Proposed: Bloomer Heaven Birmingham be re appointed
Thank you to the Finance Team Diarmid Campbell John Cheatle Ruth Downing Marjorie Featherstone Bill Smith