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

2018 to 2020 Income & Expenses (based on March 2019 actuals & 2019/20 budget) £ Thousands Non-specific Income Running Costs 60 Falling income reflects Gift aid claim for Gift aid claim for trend seen in 2018/19 - Q1 deferred to Q2 Q3 deferred to Q4 £1k per month less in 2019/20 40 Accountant’s fees and higher Full Year 2019/20 Full Year venue costs Annual costs surplus of £10k 2018/19 deficit for insurance, [will most likely of £2k van tax, etc. move into deficit if Civic Centre fall in this 20 Andrew is replaced] invoiced in quarter 2018/19 for Falling costs 2017/18 Open largely due Door hires to staffing reductions Now 0 Q1 18/19 Q2 Q3 Q4 18/19 Q1 19/20 Q2 Q3 Q4 19/20 Note: Q = Quarter of a year, i.e. three months

2018 to 2020 Balances (based on March 2019 actuals & 2019/20 budget) £ Thousands Target Free Balance Reserves Building Fund 600 Now Building Fund total at Building Fund offering yearend is £449,284k 500 was higher in October than March 400 2019/20 financial year forecast to finish with 300 £78k based on current End of 2018/19 staffing levels financial year finished 200 with £68k 100 0 Q1 18/19 Q2 Q3 Q4 18/19 Q1 19/20 Q2 Q3 Q4 19/20 Reserves maintained at current level of £15.7k Notes: Q = Quarter of a year, i.e. three months A copy of our annual accounts can be provided to members on request

New Building Fund Totaliser and Funding Sources Total project cost expected to be £1.5 to £2.0 million 100% Gap Fillers  Member contributions 90% Redesign • Gifts 80% • Loans • Legacies - government incentive 70%  Mortgage Funding Gap 60% = 70% to 78% • Do not currently meet lending criteria • Repayments would be unaffordable 50%  Grants Purchase 40% • Being investigated • Likely to be small 30% Donations Received 20% Building Fund  First gift day in March 2015 = £449k or  £79k donated during 2018/19 10% 22% to 30%  3% to 5% closer to our target than May 2018 0% Total Project Cost Funding