In 2020, the Finance Team started to provide monthly reports to the XRUK movement summarising its financial position. These are provided below in reverse chronological order:
Jun 2021 Report
Restricted +£3k Unrestricted -£20k
May 2021 Report
£63k unrestricted and £65k restricted income
April 2021 Report
Income of £41k almost exactly in line with forecast
March 2021 Report
March income of £206k
February 2021 Report
Lowest monthly income since January 2019.
January 2021 Report
XRUK’s income in January was a better than expected £74,674 (up 73% from December).
December 2020 Report
(The) assumed £40k/month income assumption remains valid but with further COVID19 lockdowns hitting the economy in early 2021, Finance will monitor closely, and the risk is that this assumption may need to be lowered over the coming weeks (for cashflow forecasting purposes).
November 2020 Report
XRUK’s income in November fell to £46k (down from £93k in October). Expenditures were consistent as September Rebellion spending was replaced by the first month of the budget set by the IBG…
October 2020 Report
In October, the Interim Budget Group (IBG) accepted a recommendation from Finance to establish a General Reserve being a multiple of 3 months of costs (or 1 month for Volunteer Living Expenses).
September 2020 Report
Income in September was £304,082 (a jump of 77%)…the result of strong one-off donations over the over the August Bank Holiday weekend and during September’s UK Rebellion as well as a significant restricted donation (£110,000).
August 2020 Report
Interim Budget Group established a budget for September Rebellion. Revenues of £172,281 are the highest since March 2020.
July 2020 Report
Income rises 85% (to £85,294) from June after we launched a new crowdfunder for the planned September Rebellion centred in London, Manchester and Cardiff from 1 September…
June 2020 Report
Income continues to decline (just £46,000 in June) and XRUK deficit reduced below £90,000 (down by c£26k from May).
May 2020 Report
The XRUK deficit has fallen by c£42,000 from £154,191 at end-April to £111,952. (I)ncome in May of £63,737 was the lowest monthly income since January 2019.CR Financial Report as at 31 May 2020
April 2020 Report
XRUK’s income in April of £74,519 was the lowest monthly income since January 2019. In mid-April…decisions were taken to suspend volunteer living expenses after 17 April and limit all but essential spending.CR Financial Report as at 30 April 2020
March 2020 Report
Finance will continue to work closely with the movement to:CR Financial Report as at 31 March 2020
• More closely link future expenditure to revenues in the previous month;
• Deal with the XRUK deficit (and avoid it increasing further);
• Support the movement decision-making processes for allocating available budget across various teams/circles which best aligns to XRUK strategy.
February 2020 Report
It is a statement of the obvious that XRUK is spending far in excess of its current income and needs a significant boost in monthly income or materially cut back expenditure.CR Financial Report as at 29 February 2020
January 2020 Report
The Finance Team estimates (an) end January deficit of XRUK (that) could be as high as £150,000. (A deficit is) funded by ‘borrowing’ from the groups/purposes (XRISN, Crowdjustice and XRIST).CR Finance Report for XRUK as at 31 January 2020