## ## ## ## |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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