Finances

The David Mather Foundation is very grateful to all supporters who have contributed to such success in this first year. We hope that supporters, existing and new, will continue to support us through donations, fundraising, volunteering and with our conference.

Our financial year end is 31 March and we intend to fully update this area at least annually, with some updates in between.

Here is a current summary of our accounts:

Income

In the period to 31 March 2010 the total income was £25k, of which the majority, £21k, came from donations, sponsorship, and other fundraising events. It is going to be really important for us to ensure that in the coming year we increase standing orders for donations, as well as maintaining a high level of ad-hoc donations from new supporters. We will also be pursuing other avenues for funding, such as other charitable organisations. We were fortunate to receive grant monies of £2.5k from the Vodafone Foundation who fully funded the employment of a member of staff in the UK for two months. Additional staff costs of £1k were generously provided by Social Pioneers, who donated 2 days per week of staff time.

Expenditure

In the period to 31 March 2010 the Foundation spent a relatively small amount of £10k. This is because the young people were only brought on to the programme in January 2010. In the coming year there will be significantly fewer start-up costs for the Fundación, though there will be many more costs directly associated with the young people.