

EFCA Financial Accounts
2021 - 2022 Financial Review
Cash in the bank on 5/4/2022 was £20907.82. The main financial risk to the charity is loss of funding from ECC and reduced donations and lottery income. The funds are held to cover 2 years operational costs in the event of a loss of income and to meet any unforeseen expenditure that may occur. Darren Harman-Page stepped down as chairperson this financial year, however he has remained a trustee. Helen Cornwall and Amanda Stevens were voted in as joint chairpersons.
Further financial review
Our main source of funds this year had been our core grant, lottery income, adventure island profit and donations. We have voted on a trustee to focus on gifts and grants to see if this revenue can be significantly increased. The Essex lottery is still raising over a £100 most months and some lottery winners have kindly donated the money to us. EFCA also have set up Amazon smile which allows us to earn as carers, who nominate us as their chosen charity, make purchases. We have also run some raffles and had a generous prize gifted by carer Fiorella. a holiday in her caravan
We have used some of our funds to purchase polo shirts that will be used at meetings to identify the trustees. Covid 19 meant that we were unable to hold an AGM or an open meeting with speakers and lunch as normal this financial year, however we held a virtual AGM on 26/4/2021. We are leased to say we have an in person am on 27th April for this year in the format of a meet and greet. EFCA have also carried on our trustee meetings virtually, which has meant that we have not had to rent a room for meetings. The trustees have looked at streamlining our activities and this includes using the ECC newsletter to communicate with new and existing carers, rather than printing and sending out flyers. EFCA also use the facebook page run by a foster carer to advertise ourselves, improve open communication and offer help and advice
Our main expenditure this year was a hamper dash, which was a fun way to be able to give a large number of carers a tiptree hamper for Christmas. We also have run nominations for sons and daughters, and for professionals and friends who go over and above to help in our day to day lives as carers. We also have purchased more adventure island tickets, and Colchester zoo tickets, and this also gives carers an attractive discount for a family day out.
This year has seen our accounts totally up to date and our core grant being requested in a timely manner and a reduction in our regular outgoings which has left us in a financially secure situation and our bank balance in a stable situation
Other information
Future plans: Covid-19 has had a huge impact on the sales of our Adventure Island tickets. However, these were transferrable to this year and are now actively being promoted and sales are picking up. We are also continually looking into other grants, as the charity is keen to lay on an annual event for all foster families as well as the larger AGM event we did in 2019. We have several newly appointed trustees who have made the board a dynamic and motivated team. This is good for the future of the charity. The gift and fund trustee is a new position and the idea is to increase our financial security and the independent support we can offer carers
Declaration
The trustees declare that they have approved the trustees’ report above
Signed on behalf of the charity’s trustees
Signature |
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Full name | Amanda Stevens |
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Position | Treasurer/Joint Chairperson |
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Date: 24/4/2022
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2020 - 2021 Financial Review
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Further financial review
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Other information
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Declaration
The trustees declare that they have approved the trustees’ report above
Signed on behalf of the charity’s trustees
Signature |
|
|
Full name | Amanda Stevens |
|
Position | Treasurer/Vice Chairperson |
|
Date: 24/4/2021
___________________________________________________________________
2019 - 2020 Financial Review
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Further financial review
|
Other information
|
Declaration
The trustees declare that they have approved the trustees’ report above
Signed on behalf of the charity’s trustees
Signature |
|
|
Full name | Amanda Stevens |
|
Position | Treasurer/Vice Chairperson |
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Date ;12/5/2020