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Treasurer’s Report

Treasurer’s Report. Ralph Tingle – Honorary Treasurer Richard Penney – Director of Finance & IS. What Richard and I will cover. Financial results for 2012 How we compare to similar charities Latest forecast position for 2013 Reserves and why the financial framework is important

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Treasurer’s Report

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  1. Treasurer’s Report Ralph Tingle – Honorary Treasurer Richard Penney – Director of Finance & IS

  2. What Richard and I will cover • Financial results for 2012 • How we compare to similar charities • Latest forecast position for 2013 • Reserves and why the financial framework is important • Conclusions from a treasurer’s perspective

  3. 2012 compared to 2011

  4. 2012 – in more detail

  5. 2012 - How each £1 was earned Donations and Membership 50p Legacies 37p Trading and Events 10p Investment income 2p Grants and other income 1p

  6. 2012 – Where each £1 came from Local Groups 16p UK Programmes 84p

  7. 2012 - How each £1 was spent • Friendship and Support 31p • Information 22p • Research 21p • Cost of generating funds 18p • Campaigning 6p • Governance costs 2p

  8. Balance Sheet at 31 December 2012 • £million • Buildings / other tangible fixed assets 2.8 • Investments and short term cash deposits 18.3 • 21.1 • Cash at hand 5.8 • Amounts owing to us2.1 • Amounts owing or committed by us (14.5) • TOTAL FUNDS- at 31 December 201214.5 • At 31 December 2011 17.1

  9. Spend on charitable activities – how do we compare?

  10. £1 spent on fundraising generates £4.80 - how do we compare? £

  11. Admin/Support costs – how do we compare?

  12. Latest Position for 2013

  13. Latest Forecast of Total Funds

  14. Number of months spend in available reserves Year forecast Months

  15. Number of months spend in Local Group reserves(at end of 2012) 23.6 months Surplus Reserves £2.9m 11.6 months Months

  16. Local Group Reserves

  17. Treasurer’s Conclusions • Income continues to grow • Increased investment in core activities continues • Still performing well compared to similar charities • Some challenges in new income stream • Reserves reducing but some surplus reserves remain • New financial framework • important for financial planning for the charity • important for putting excess reserves to work sooner • Planning for next strategy underway

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