MADE4UINML2 Annual Report 20-21

AND FUNDRAISING
FINANCE
As can be seen from our Income and Expenditure in the last financial year
(year-end March 2021), MADE4U had a period of hugely improved income as
well as expenditure. This is in direct correlation to the increase of work
that MADE4U was able to undertake in the community as a result of the
COVID-19 pandemic, and reflects on the strong strategy and vision set by
the board. The growth rate of our charitable activities in these financial
terms is 67%.
As our income levels were increased, we saw a jump in the variety and
types of donors and funders who chose to support our work. We were
pleased to receive donations from other local community organisations,
such as Pathway Church, Hailey's coaches and others, in order to respond
to the community need, and to deliver vital projects such as the Christmas
Toy Drive.
Larger donations also increased which we were grateful for. Small donations from local community members
totalled 10,198 and the majority of this was for Covid-19 work as well as over 1500 donated by the Coltness
High School community included in this number. £9464 of our donations were directly related to our
shopping assistance project, which relates to a similar level of expenditure in charitable activities.
Similarly, with Grants, we saw increased support in general; most of our support came from funders
wishing to assist organisations with their covid response. Some funding noted here was for use in the
following financial year, and also helps us understand the 'surplus' in the year, which was mostly funding
reserved for work outwith the year we are reporting on. This included a large portion of the Scottish
Government Communities Recovery Fund and. second traunch of the Response, Resilience and Recovery
Funding. It is also worth noting that smaller funds < £1000 were also essential in this financial year, in
helping us purchase equipment, food provisions and other covid essentials. Special thanks go to those
funders who stepped up quickly and offered to fund organisations early in this financial year, often
offering financial support which could be utilised in February and March 2020.
The majority of our expenditure in this financial year
was allocated to Staffing costs and this included our
core team, sessional, CJS and other apprentice staff as
well as some freelance staffing costs. This represented
64% of our charitable activity costs. Operating
Greenfield Drive was our next highest category of
expenditure at 14% of our costs and this included light,
heat, wast as well as over £7000 in rental to North
Lanarkshire Council. Other notable costs were project
costs such as the foodbank (£3832), Toy Drive (£2950),
and the Winter Fund (£2420) as well as shopping costs
(£8916).
It should be noted, also, that both our income and expenditure for previously run projects had virtually
stopped. We expect that the majority of these projects will be relaunched when the restrictions will allow
us to do so and that project income/expenditure of this sort will be represented in future years' accounts.
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