Now 0 Q1 18/19 Q2 Q3 Q4 18/19 Q1 19/20 Q2 Q3 Q4 19/20 Note: - - PowerPoint PPT Presentation

20 40 60

Q1 18/19 Q2 Q3 Q4 18/19 Q1 19/20 Q2 Q3 Q4 19/20

Non-specific Income Running Costs

(based on March 2019 actuals & 2019/20 budget) 2018 to 2020 Income & Expenses

£ Thousands

Gift aid claim for Q3 deferred to Q4

Now

Note: Q = Quarter of a year, i.e. three months Falling income reflects trend seen in 2018/19 - £1k per month less in 2019/20 Annual costs for insurance, van tax, etc. fall in this quarter Full Year 2019/20 surplus of £10k [will most likely move into deficit if Andrew is replaced] Accountant’s fees and higher venue costs Gift aid claim for Q1 deferred to Q2 Full Year 2018/19 deficit

• f £2k

Falling costs largely due to staffing reductions Civic Centre invoiced in 2018/19 for 2017/18 Open Door hires

100 200 300 400 500 600

Q1 18/19 Q2 Q3 Q4 18/19 Q1 19/20 Q2 Q3 Q4 19/20

Free Balance Reserves Building Fund Now

2019/20 financial year forecast to finish with £78k based on current staffing levels Reserves maintained at current level of £15.7k (based on March 2019 actuals & 2019/20 budget)

2018 to 2020 Balances

£ Thousands Building Fund total at yearend is £449,284k

Target

Building Fund offering was higher in October than March Notes: Q = Quarter of a year, i.e. three months A copy of our annual accounts can be provided to members on request End of 2018/19 financial year finished with £68k

New Building Fund Totaliser and Funding Sources

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% Total Project Cost Funding

Total project cost expected to be £1.5 to £2.0 million

Funding Gap = 70% to 78% Building Fund = £449k or 22% to 30%

Purchase Redesign Gap Fillers

• Member contributions
• Gifts
• Loans
• Legacies - government incentive
• Mortgage
• Do not currently meet lending criteria
• Repayments would be unaffordable
• Grants
• Being investigated
• Likely to be small

Donations Received

• First gift day in March 2015
• £79k donated during 2018/19
• 3% to 5% closer to our target than May 2018