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Treasurer


Treasurer’s Report - General Account 2016

The General Fund ended with a surplus of nearly £1300, the improvement on last year being mainly attributable to reduced expenditure, in particular the reduced cost of printing the Annual Report, plus revenue from advertising in the Report.

For the Recruitment & Training Fund, expenditure exceeded income by about £150.
Nicholas Small

Treasurer’s Report - General Account 2015

The main feature of the year was the establishment of the Stretham Ringing Education Centre. Just over £2,200 was spent on this but, thanks to the continuing generosity of Districts, towers and PCCs, the Recruitment & Training Fund showed a small surplus for the year.

The General Fund ended with a surplus of just over £375, broadly similar to 2014, if one takes into account expenditure on badges and reduced depreciation on the mobile bell.

My thanks go to the District Treasurers/Membership Secretaries for their excellent work in the collection and recording of subscriptions, which makes my task that much easier.

Nicholas Small

Treasurer’s Report - General Account 2014

The main feature of the year was the creation of the Recruitment & Training Fund as a designated fund within the General Account. The sum of £1,500 was transferred from the General Fund to the new fund, which became the focus of fundraising for the Association, resulting in income of nearly £3,000, thanks to two concerts and the generosity of both towers and PCCs. It should also be mentioned that income and expenditure for use of the mobile bell now accrue to the Recruitment & Training Fund. There has been significant expenditure from the Recruitment & Training Fund at the start of 2015, mainly in connection with the establishment of a Ringing Education Centre at Stretham.

The General Fund ended with a surplus of just over £300, broadly similar to 2013, if exceptional expenditure then is taken into account.

My thanks go to the District Treasurers/Membership Secretaries for their excellent work in the collection and recording of subscriptions, which makes my task that much easier.

Nicholas Small

Treasurer’s Report - General Account 2013

Income in 2013 was little changed from that in 2012 but expenditure for the year was considerably higher, chiefly because no insurance premium was paid in 2012 but also because of expenditure on publicity resources – printing leaflets and refurbishing the notice boards. Consequently, the year ended with a small deficit.

My thanks go to the District Treasurers/Membership Secretaries for their excellent work in the collection and recording of subscriptions, which makes my task that much easier.

Nicholas Small

Treasurer's Report - General Account 2012

Income remains more or less in line with previous years, with subscriptions slightly up and donations for the hire of the mobile bell increasing. Expenditure during the year has fallen. This is mainly because the insurance policy was not renewed during 2012, and due to changes in legislation, we no longer have to register for data protection. Action to rectify the insurance situation has been taken during 2013. There have also been one or two extra non-reoccurring expenses during the year (Ringing Foundation donation/bookbinding); most other items of income and expenditure fluctuate slightly each year and the result is a surplus on this account of £1,793.

The loan of the mobile bell resulted in five donations totalling £150, which is an improvement on previous years, but the amount of these donations ranges from £15 to £50 with the average being £20 each time it is used. We are still writing off the cost of this bell at £370 per year. The Association, at the same time of the insurance above, has now taken over the insurance for this item.

As this is the second year that only a quarter of our subscriptions were transferred to the Bell Restoration Fund, this account now appears a little healthier, however, the extra we have accumulated will be wiped out with extra costs to replace the display boards etc in the coming year.

At the AGM in May I shall be standing down from the position of Treasurer after fourteen years in the post. I have found it be a very enjoyable experience and an excellent way of getting to know members from all over the Association. I would not have been able to carry out this office without the help of all the Association Officers, District Secretaries and Treasurers who gave freely of their time to take on these roles over this period and I express my grateful thanks to them all.

Sheila George

Treasurer’s Report 2011

The decision to reduce the amount of the subscription passed over to the BRFto 25% and the increase to £10 (adults) and £5 (juniors) has given our General Account a boost this year and I can report that we had a surplus of £720, rather than continuing with the deficit we have experisnced in the last few years.

Income and expenditure remain more or less in line with previous years. Cost of producing the Report has slightly increased and the cost of insurance depends upon the number of members we have during the year. However these costs may increase in the future. Administration expenses are down, due to some officers not claiming during the year and the group that arrange for the annual letter sent to PCCs not being able to meet during 2011.

The loan of the mobile bell resulted in two donations from the same church totalling £55, but I believe it was used on more than two occasions. We are still writing off the cost of this bell at £370 per year and have four more years of this expense. We are grateful to the Swavesey PCC who continues to cover the cost of the insurance for this item.

On a personal note can I thank all District Secretaries/Treasurers who collect the subscriptions each year? It is not an easy task trying to reconcile the figures at the end of the year, especially when dealing with late, advance and arrears payments and without this help the onus on the Association Treasurer would be enormous. Many thanks to all those involved.
Sheila George

Treasurer’s Report 2010

Despite the increase in subscriptions there is still a shortfall on this account.
The main source of income is subscriptions and the extra funds acquired through the increase in 2010 amounted to £ 236. If the number of members remain the same the increase in subscription to £ 10 adult, £ 5 juniors in 2011 should bring in a total of £ 4,690 and the decision to only transfer 25% of this to the BRF means that the portion staying in the General Fund will be £ 3,500 which will cover the shortfalls we are at present experiencing.
The loan of the mobile bell resulted in two donations totalling £ 60, but this year we had the expense of purchasing a wheel clamp at £ 46 now that it is not stored in a secure garage. We are still writing off the cost of this bell at £ 370 per year and have five more years of this expense. We are grateful to Swavesey PCC who continues to cover the cost of the insurance for this item.
On paper we have assets of £ 3,166. Of this £ 1,784 represents funds earmarked for publication of The History and a further £ 1,577 is the value of the Mobile Bell. Therefore the true balance on the account at the end of the year is -£ 195.
Sheila George

Treasurer’s Report 2009

Income was down this year due mainly to a fall in interest rates and because we did not include any advertising in the Annual Report. Unfortunately the amount of our expenses also increased, the largest being an increase to £100 each to our Central Council Representatives to help offset their expenses for the CC meeting weekend.
On paper we ended the year with net assets of £4217. Of this £1782 represents the funds designated to printing the History and £1947 is the present value of the Mobile Bell. When these figures are removed the true picture is that we have £488 in hand. The increase in subscriptions to £8 in 2009 and possibly to £10 in 2010 will help us to build up more capital for the future.
Sheila George

Treasurer's Report 2008

For the 6th year running we have a short fall on the General Account. If we continue in this vane our resources will have been depleted in the next five years. The proposed increase in subscription will bring in approximately an extra £ 250 per annum if membership stays stable and this will only go part of the way to rectifying the shortfall, as I also envisage less income for 2009 (due to the fall in bank rate and less of our funds earning interest).

Income for 2008 was up, but expenditure also increased due to rising costs of the Report, administration (including hire of two halls), Ringing World advertising, Central Council Representatives’ expenses – none of these increases were significant, but the small increases all add up.

The mobile bell only brings in a minimal amount each year in donations and we are still writing off the cost at £ 370 per year.

£ 1,776.54 is available in the History Fund, which at present is earning interest each year. Obviously when the History is printed all these funds will be needed.

Sheila George


Treasurer’s Report 2007

As seems to be the pattern we have another shortfall for 2007. This is continuing to be on the upward trend each year. Total income was down by £212 and total expenses were almost the same with a difference of £10 on 2006.
Payment for invoices totalling £100 for advertising in the Report was outstanding at the end of the year and another item contributing to the shortfall is that the number of members paying subscriptions has gone down slightly with the post war baby boom now reaching pensionable age and qualifying for the ‘free’ sub. I would like to express thanks to the District Treasurers who collect the subs each year. It is good to see that the number of arrears is at its lowest for several years.
It was disappointing that the use of the mobile bell during 2007 only resulted in two donations totalling £21.63. Presumably it was used on more than one occasion and we are still writing off the initial expense of this item.
On the expenses side the main increases in costs can be seen in administration, insurance (based on the number of members) advertising in the Ringing World, the Lottery registration and the cost of producing the Annual Report. The Ringing World has changed the way they now charge, with the actual amount accrued being invoiced quarterly and no discounts are given for payments in advance. The local authorities have changed the Lottery rules, and have increased the fee to £20 per annum, plus we had to re-register at an initial cost of £20.
We ended the year with total funds of £6,078.70 of which £1,724.08 is earmarked for the history project.
Sheila George