FINANCIAL REPORTS
Mister Gees Foundation
This financial report covers the period from the 6th of February 2024 to the 3rd of March 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.
INCOME
Gross receipts for the period ending the 3rd of March 2024 were eight thousand, eight hundred and one pounds, ninety-three pence (£8,801.93) of which shop sales were seven thousand, nine hundred and twenty-six pounds.
EXPENDITURE
The actual expenditure for the period was £111 this included utilities, internet sales postage costs and credit card processing charges.
DONATIONS MADE TO THE FOUNDATION CHARITY ACCOUNT
Donations of nine hundred and thirty-five pounds have been made during the last four weeks.
BANK BALANCES & CASH ON HAND
As of the 3rd of March, cash at the bank was £39,456.68
Un-deposited funds were £287.60
The PayPal accounts stood at £162.14
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 £56,357.69 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