2013 Audit Report to the 2014 SHA AGM
- Opening Balances, 1 January 2013 £19,147.70
- Closing Balances, 31 December 2013 £19,475.50
- Increase in funds at bank £248.29
- Discrepancy £79.44
We have examined the vouchers and bank statements for the financial year 1st January to 31st December 2013. We have seen all the bank receipts and statements. We are content that all monies received and expended have been properly paid and accounted for.
The vast majority of payments and receipts are received electronically. The account both captures expenditure as it is incurred and actual expenditure when paid.
We are satisfied that the Association’s finances are in good order and accurately reflect the membership and activity. A discrepancy of £79.44 is shown as a positive balance. We believe the Association’s reserves are sufficient to give the Council more than six months protection against unforeseen liabilities.
We have examined the increasing costs associated with meetings of Central Council and its subcommittees. It is important that our meetings are inclusive and further meetings have budgetary implications which need to be considered. There has not been any significant change in any other area of expenditure.
We considered expenditure limits. We recommend that any proposal for substantial expenditure outside routine operational costs should be agreed by the officers.
In response to the query raised by the Governance Group about membership we have reviewed the current position. We noted that some members are still paying the subscription current when they first joined, sometimes many years ago, having ignored all communications on the subject. There are currently 584 individual members paying the full subscription, 150 reduced rate, and 7 less than £10 a year.
Tom Fitzgerald
David Mattocks
Lay Auditors February 2014
Income and Expenditure
2012, 2013 and projected for 2014
| 2012 | 2013 | 2014 | 2012 | 2013 | 2014 | ||
| Income | Income | Budget | Expenditure | Expenditure | Budget | ||
| Administration | £2,166.33 | £1,705.45 | £1,700.00 | ||||
| £14,418.50 | £14,022.55 | £14,000.00 | Subscriptions | ||||
| £9,794.00 | £9,879.00 | £9,800.00 | Affiliation fees | £1,370.00 | £548.00 | £1,940.00 | |
| £680.00 | £645.20 | £500.00 | Donations | ||||
| £10.80 | £18.55 | £10.00 | Tax/bank | £5.06 | £0.00 | £5.00 | |
| Equipment | £636.90 | £0.00 | £100.00 | ||||
| £170.00 | External events | £1,988.95 | £1,526.85 | £1,500.00 | |||
| Members expenses | £1,083.85 | £1,875.80 | £2,000.00 | ||||
| £135.00 | Officers expenses | £426.15 | £474.30 | £450.00 | |||
| £615.84 | £1,293.37 | £1,200.00 | Web | £2,277.00 | £1,739.61 | £1,950.00 | |
| Post Phone | £1,306.00 | £272.00 | £250.00 | ||||
| £43.75 | £113.00 | £100.00 | Publications | £351.00 | £522.00 | £350.00 | |
| Room hire | £376.00 | £203.40 | £250.00 | ||||
| Salary | £17,316.96 | £17,281.08 | £17,320.00 | ||||
| £1,688.49 | £1,354.75 | £3,000.00 | SHA events | £4,282.59 | £1,142.64 | £3,000.00 | |
| sundry | £0.00 | £0.00 | £0.00 | ||||
| Consultancy | £1,083.85 | £0.00 | £0.00 | ||||
| £486.00 | £213.00 | £200.00 | Goods for sale | £14.25 | £0.00 | £0.00 | |
| £28,042.38 | £27,539.42 | £28,810.00 | Total | £34,685 | £27,291 | £30,815 | |