For those of you who were unable to attend our AGM I thought I would write and provide you with a summary of my financial report to the Committee and Members. The accounts presented to the AGM for the year ended 31st. October 2007 were subsequently accepted by the meeting and they have also been accepted by MS National.
Looking at the Branch’s finances for the twelve months we can summarise the results as follows -
- Total income for the year was £25,535
- Total expenditure for the year was £23,360
3. Excess of income over expenditure was £2,175.
A breakdown of income and expenditure for the twelve months shows the following -
Income : £`s
Shop Sales 12,998
Subs, Donations, and Legacies 6,457
Store Collections (M/S, Sainsburys, Tesco) 1,592
Social Events 2,485
Friday Club Fundraising 1,429
Bank Interest 574
Total Income 25,535
Expenditure :
Shop Expenses 7,179
Social Events- Lunches/AGM 5,414
Grants 3,452
Travel and Transport 3,806
Newsletter 596
Stationery, Postage, Telephone 1,676
General Expenses 1,237
Total Expenditure 23,360
Surplus for the year to 31.10.07 2,175
As you can see from the above statement we have kept to our policy of using our income to its fullest extent whilst at the same time maintaining a safe level of reserves, and we hope in the process that we have provided financial and emotional support where it was most needed.
My sincere thanks to everyone who has supported us in our work – I look forward to seeing you at our next social event.
Kind Regards – John Crawford (Treasurer)
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