Statement of Accounts 2017-8

SOUTHEND & DISTRICT PENSIONS CAMPAIGN

TREASURER’S REPORT FOR AGM 2017-18

 

Status

 

The audited accounts show the liquid assets were Co-op bank balance, £1268.71, cash £33.09 and unused stamps £84.22 making a total of £1,386.02 There were no liabilities. There are also fixed assets valued at £115.50 consisting of depreciatable equipment. These are the necklace microphone and display banner.

 

Member subs

 

This year the sub was maintained at £12. The total raised was £648 which was over 40% of total income.

 

Income and expense

 

Income amounted to £1,559.99. The major contributors were, Lottery £281, raffle £284, teas at meetings £106 and donations £97.

 

Expense amounted to £1,924.02. The major items were donations and speaker fees £363, hire of hall £585, insurance £138, AGM lunch £108, committee meeting expense £119, office consumables, mainly printer ink £130 and stamps £207.

 

The net result was a reduction club funds of £364.03 compared to a deficit forecast of £649. Detailed figures for this year along with those for last year are overleaf.

 

Budget comparison

 

Income was £45 over budget while expense came in £240 below forecast. The low expense figure was due to not spending the £200 for rallies and conferences. Among income items subscriptions were almost £100 down but balanced by sales of discounted stamps to members.

 

The Co-op remains our banker.

 

Audit for 2017-18

 

Izzy Isaacs has signed off the accounts. He made the following recommendations:

 

  1. Not to record the value of unused stamps. Record only the cost of purchase. The reason is they will eventually be used up.
  2. Put monthly bills and expense accounts in separate envelopes.
  3. On paid expense reports record the cheque number by which paid. If a bank transfer record BACS.
  4. Consider increasing the sub to £15pa. The committee discussed this at the February meeting. It was not agreed.
  5. We should try and get sponsorship to boost finances.

 

Budget for 2018-19

 

Forecast income is £1467 and expense £1768 leaving a deficit of £301.

 

JDS/18.2.2019

 

 

 

 

 

 

SOUTHEND & DISTRICT PENSION’S CAMPAIGN

AUDITED ACCOUNTS 2017-18

 

 

 

Oct 2017-Sep 18

Oct 2016-Sep 17

Brought Forward  

£1706.93

£1,894.03

Income (£)

 

 

Donations

97.13

133.65

Grants

Nil

Nil

High Street

12.64

57.38

Lottery

281.00

314.50

Miscellaneous

130.84

Nil

Raffle

284.00

298.60

Subscriptions

684.00

720.00

Teas at meetings

106.38

95.78

Visitors

Nil

14.00

Total

1559.99

1633.91

 

 

 

Expense (£)

 

 

AGM

108.00

90.70

Audit

70.00

75.00

Committee meeting refreshments

119.20

120.50

Conferences and rallies

Nil

Nil

Donations and speaker fees

363.00

398.00

Equipment

Nil

Nil

Equipment maintenance

Nil

Nil

Hall hire

585.00

540.00

Insurance general

138.32

135.85

Incidental provisions

27.29

30.00

Miscellaneous

59.59

79.37

Office consumables

130.40

143.14

Printing

8.00

4.00

Publicity

Nil

Nil

Stamps

207.35

190.00

Stationery

13.47

Nil

Subscriptions

47.50

35.00

Travel

46.90

91.35

Total

1924.02

1932.91

Profit (Loss)

364.03

299.00

Carried forward

£1386.02

£1706.93