Page 6 - N&V June 2019

Treasurer’s Report

Management Accounts to 31st May 2019

The Management Accounts, for the period ending 31st May 2019, shows a deficit of
£17,154.48 against budget.

INCOme - For this period, our income at GrANTs - Our grant commitments so far OvervIew - The budget for this year
£345,856.40 is over the budget of this year is over budget at £179,461.88 anticipates an income of £838,000 and an
£285,400 by £60,456.40. There are by £79,461.68 and our grant commitment expenditure of £457,000 (excluding
minor shortfalls in Membership at the 31st May taking us through to 2023 Grants) therefore giving us an expected
Subscriptions and Group Remittances and is £1,744,332. surplus of £381,000. The Grants budget is
the National Draw is unlikely to meet its INvesTmeNTs - At the 14th June, our £300,000 and any surplus funds may also
budget for this year. external investments stood at £758,168. be used for this purpose, helping to fulfil
one of our main objectives. Money
eXPeNDITure - For the same period, our We currently have reserves of continues to come in and with the tight
expenditure at £180,594 is within budget. £2,019,649.66 which covers our grant controls we keep on expenditure, I am
There is a deficit in National Office, Resale commitments to date and twelve months confident that we will maintain our
Items, Travel and Sundries. Overall, we running costs of National Office. current position.
are within budget by £1,851. Elaine Holland - Treasurer/Trustee

MANAGEMENT ACCOUNTS to 31st May 2019

buDGeT CumulATIve buDGeT Over/uNDer
FOr YeAr TO DATe TO DATe TO DATe
INCOme £ £ £ £
Member Subscriptions 53,000.00 10,877.00 11,000.00 -123.00
Group Remittances 55,000.00 10,120.00 11,000.00 -880.00
General Donations 163,000.00 93,754.35 67,500.00 26,254.35
Appeals Office 325,000.00 145,698.05 133,750.00 11,948.05
Appeals Office (Admin) 215,000.00 75,556.03 51,550.00 24,006.03
National Draw 8,000.00 5,315.00 6,500.00 -1,185.00
Sales 15,000.00 2,738.96 2,500.00 238.96
Interest & Dividends 4,000.00 1,797.01 1,600.00 197.01
Sundries 0.00 0.00 0.00 0.00
TOTAl INCOme 838,000.00 345,856.40 285,400.00 60,456.40
eXPeNDITure
National Meetings 25,000.00 9,936.46 12,200.00 2,263.54
National Office 81,000.00 38,367.35 35,926.00 -2,441.35
Resale Items 8,000.00 2,175.06 1,000.00 -1,175.06
Publicity 21,000.00 3,529.74 3,600.00 70.26
National Publications 52,000.00 17,855.79 21,000.00 3,144.21
Special Projects 54,000.00 17,931.24 18,900.00 968.76
Travel 4,000.00 2,098.28 1,619.00 -479.28
Salaries 205,000.00 81,993.01 84,200.00 2,206.99
Sundries 7,000.00 6,707.07 4,000.00 -2,707.07

eXPeNDITure 457,000.00 180,594.00 182,445.00 1,851.00
surPlus/(DeFICIT) 381,000.00 165,262.40 102,955.00 62,307.40
Grants Expenditure -300,000.00 -179,461.88 -100,000.00 -79,461.88

TOTAl surPlus/DeFICIT 81,000.00 -14,199.48 2,955.00 -17,154.48

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luPus uK NEWS & VIEWS SUMMER 2019