The last half of 2012 has been for us somewhat of a roller‐coaster ride. As we mentioned in our last report, in July we enjoyed our best monthly income ever. However, this was followed by four rather disappointing months, but December gave us a welcome Christmas present which meant we finished 2012 with a modest surplus for the period of around £20,000 – equal to about one month’s expenditure.
Given that donations are our main source of funds, our income has always been somewhat erratic. It is interesting to look at the history over the last 5 years. This chart shows the monthly amounts and the average income for each month. For the statistically minded, the standard deviation is also shown for each month. What conclusions can we draw?
In general, our income is not seasonal, except that (not surprisingly) January and August tend to provide rather less.
In almost all months, we receive what we might call a regular income of between £10,000 and £15,000 and this is invariably made up of a larger number of more modest, but crucial, gifts. However, bearing in mind that our outgoings are in the order of £20,000 to £25,000 per month, we are fortunate that every so often we receive a few larger amounts – perhaps from legacies or from major fundraising events. The overall result is that we are generally able to balance our books, certainly with our current mode of operation. This demonstrates clearly how all donations, no matter their size, are important to us.
We continue to keep a tight rein on our expenses. All our administrative staff are volunteers, and our fixed costs are a very small part of our outgoings. We know how important it is that our resources are used to provide our front‐line services to the community.
Mike English, Trustee