2023-12-31-accounts

Further financial review details	Further financial review details	(Optional information)
You may choose to include additional information, where relevant about: ~ the charity's principal		Our current assets are f187,429 which is 677,447 less than the previous year. In addition to our financial assets we have some books Iteddies donated and stored in our storage facilities ready for the toy sacks in 2024.
~	sources offunds (including any fundraising); how expenditure has	We spent F335,811 in 2023, ofwhich R247k was for 2023 costs, the remaining 288k was for expenses related to 2024 &2025—see below.
~	supported the key objectives ofthe charity; investment policy and objectives including any	Ofthe 2247k spent for 2023 -84%ofour costs went on the purchase of toys. 16%ofour costs went on logistics, hire ofvans for delivering toy sacks, storage, marketing and costs for the toy sort days (marquee hire etc).
	ethical investment policy adopted.	Our fund raising added 285,866to our funds for 2023 (note we paid up front for the deposit for the 2024 Charity Ball hence the debit ofK4,440).
		It should be noted that we leased a new storage facility in 2023 and paid to make it fit for purpose, which is why storage fees are higher than in previous years.
		In addition to the 6247k spent in 2023 (see above) we paid the storage fees for the new facility up front for 2 years i.e. E20,447 for 2024 and 620,448 for 2025, to secure the rent at the 2023 lease rates, which means our storage costs in these years will decrease. We also purchased 247,469oftoys wholesale to be used by the toy appeal in 2024
		No-one is paid for any ofthe work done for the charity - all time is given voluntarily.
		The main sources ofincome for the charity is public donations, company donations and fundraising.
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