What do we spend money on? |
Where does the money come from? |
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The daily upkeep and running of the building requires us to pay for:
- repairs and maintenance - electricity and other utility bills - insurance - cleaning |
Our funds come from:
- profits from the Gallery Cafe; - letting out the building for meetings and events; - fund-raising activities - grants and donations, including a regular donation from the PCC. |
In 2023 we are likely to require in the region of £38,000 just to keep the building up and running - that's over £100 a day. It could be even more if any unexpected repairs are needed.
Our bank accounts |
2022 accounts |
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St Leonard's Management is an entirely independent charity with its own bank accounts. All our money is kept completely separate from all other organisations.
We have two bank accounts: one for specific projects such as the new heating system, and one for the daily upkeep of the building. Money for the daily upkeep of the building is kept completely separate from moneys raised for specific projects such as the new heating system, which are ring-fenced in a separate account. |
In 2022 we budgeted to break even, but we managed to end the year with a surplus. There were three reasons why this happened:
- we received a large and unexpected grant from the Church of England to assist with electricity costs - Yarpole Parish Council gave us a generous Covid Recovery grant - Anna, our Cafe Manager, worked as a volunteer and did not accept a salary. Consequently our finances ended the year in a much stronger position than expected. Click here to see our 2022 accounts. |
Our reserves policy
The Charity Commission advises every charity to produce and publish a Reserves Policy, explaining how much money is kept in reserve for emergencies (for example, in the event of another pandemic).
Click here to read St Leonard's Management Reserves Policy.
Click here to read St Leonard's Management Reserves Policy.
