2021-03-09 Services & Organisation Committee Meeting Agenda

SERVICES & ORGANISATION COMMITTEE MEETING AGENDA                                      9 MARCH 2021


While many sites were able to reopen earlier and more extensively than first anticipated and thus
outperform revised revenue budgets, this was not the case for The J and it remained largely unused
for a majority of the half-year.

The J financial performance as at 31 December 2020

     Statement of Income and         2020-21        2020-21        2020-21        %          YTD
            Expenses                 Current         YTD             YTD        Current    Variance
                                     Budget         Budget         Actuals      Budget

 Total Revenue                         362,792        106,650        105,817     29.2%         (833)
 Total Expenditure                   1,272,604        658,354        550,147     43.2%       108,207
 Net Result - Surplus/(Deficit)      (909,812)      (551,704)      (444,330)                 107,374
 Total Revenue                         362,792        106,650        105,817     29.2%          (833)
 Direct Costs (Controllable)
   Employee Benefits                   422,707        232,745        180,349     42.7%        52,396
   Finance Costs                             0              0             (9)   100.0%              9
   Materials & Services                306,739        154,030        104,011     33.9%        50,019
   Other Expenses                        1,087            543            552     50.8%            (8)
 Subtotal Direct Costs                 730,533        387,318        284,903     39.0%       102,415
 (Controllable)
 Operating Surplus/Deficit            (367,741)      (280,668)     (179,086)                (103,248)
 Indirect Costs (Corporate)
   Depreciation & Amortization         267,185        133,593        133,593     50.0%             0
   Internal Charges                    274,887        137,443        131,651     47.9%         5,792
 Subtotal Indirect Costs               542,072        271,036        265,244     48.9%         5,792
 (Corporate)
 Net Result - Surplus/(Deficit)       (909,812)      (551,704)     (444,330)                 107,374




                                  The J Community Centre
800,000

600,000

400,000

200,000

       0
                   Total Revenue               Total Expenditure        Net Result - Surplus/(Deficit)
-200,000

-400,000

-600,000

-800,000

                                        2020-21                    2020-21
                                        YTD                        YTD
                                        Budget                     Actuals




                                                                                          Page 23 of 48