Shelby Jones, Finance Manager
SOHK’s turnover decreased by 15% compared to the previous year, though we are extremely happy to have maintained a strong financial position and cashflow throughout the financial year due to diligent cost control, reduced delivery spending, and the Coronavirus Job Retention Scheme.
As part of our fundraising strategy and our planned delivery throughout the Coronavirus pandemic, we were successful in adapting our programmes as face-to-face delivery was limited throughout the year, which allowed us to diversify our income and ensure the charity’s ongoing financial security.
We were successful in executing multiple virtual fundraising events, most notably a virtual Land’s End to John o’ Groats cycle fundraiser which raised over £76,000. This was instrumental in the charity ending the financial year with £149,405 in unrestricted reserves and thus meeting our reserves target of £150,000 as outlined in the 2020 accounts.
Charitable Activities
697,351
Delivery
925,883
Donations
290,199
Fundraising
110,396
Fundraising Events
120,196
TOTAL INCOME
1,107,746
TOTAL EXPENDITURE
1,036,279