We evaluate our finances at the end of every month using our traffic light system, which you can read more about in our 2023 annual report. You can find the latest monthly reports here. We evaluate our finances every three months and if we make any adjustments to our budget, we will update them here as soon as we can.
Donations Budget
This is our donations budget for 2024. This is how we aim to spend money we receive from the donations we get each month. We are also applying for funding from grant-giving organisations and charities so our total annual budget is bigger and will include more running costs. We try to spend as much of our donations as possible on direct redistribution.
Direct reimbursement (donations budget)
| Emergency Grants | £1,000 |
| General Assistance Grants | £2,000 |
| Surgery Grants | £200 |
| Fundraiser Booster Grants | £50 |
| Travel reimbursements | £125 |
| TOTAL | £3,375 |
Project Costs (donations budget)
| Meal Share Project | £15 |
| Grants given to other small grassroots organisations or groups in Wales | £60 |
| Short-term or one-off projects | £15 |
| TOTAL | £90 |
Running Costs (donations budget)
| Events | £10 |
| Travel costs for volunteers | £75 |
| Promotional material | £25 |
| Digital fees (email, website etc.) | £85 |
| Open Collective and Payment Processor fees | £300 |
| Fees and memberships | £20 |
| Miscellaneous | £20 |
| TOTAL | £535 |
Under this budget, for every £1 donated to us, 84p is given directly to TIN people in Wales who need support, 2p is spent on running our projects, and 13p is spent keeping the lights on at TAC.
Funding
At the moment, TAC has one source of funding for 2024 – the Homes For Us grant from the New Economics Foundation. It’s £6,000 and must be spent by January 2025. We are planning to spend this money on counselling for volunteers, training and other staff costs to enable us to keep going.
With this funding, our total spending looks like this:
- 75% spent on direct redistribution
- 2% spent on project costs
- 23% spent on running costs
