We store cookies on your device to make sure we give you the best experience on this website. I'm fine with this - Turn cookies off
Switch to an accessible version of this website which is easier to read. (requires cookies)

From Honorary Treasurer: Simon Oliver

Report for the 2018 Annual General Meeting.

In previous years the accounts have been given in a rather simple format with very little information. Last year I attempted to change that with a more detailed report, and I will continue with that initiative here.

2017 Accounts Summary

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Total

Ave

Budget Income

£600

£600

£1,560

£1,075

£650

£880

£350

£250

£950

£2,000

£500

£350

£9,765

£814

Actual Income

£362

£435

£2,981

£892

£381

£391

£1,045

£379

£2,281

£1,531

£753

£711

£12,143

£1,012

Budget-actual

£238

£165

-£1,421

£183

£269

£489

-£695

-£129

-£1,331

£469

-£253

-£361

-£2,378

-£198

Budget Expenses

£125

£525

£1,113

£450

£1,525

£1,263

£450

£1,652

£2,325

£554

£1,854

£167

£12,003

£1,000

Actual Expenses

£0

£356

£834

£298

£0

£224

£951

£2,867

£1,835

£133

£433

£2,529

£10,458

£1,046

Budget-actual

£125

£169

£279

£152

£1,525

£1,039

-£501

-£1,215

£490

£421

£1,421

-£2,362

£1,545

-£46

Budget Net savings

£475

£75

£447

£625

-£875

-£383

-£100

-£1,402

-£1,375

£1,446

-£1,354

£183

-£2,238

-£187

Actual Net Savings

£362

£79

£2,147

£594

£381

£167

£94

-£2,488

£447

£1,399

£321

-£1,817

£1,685

-£34

Budget-actual

£113

-£4

-£1,700

£31

-£1,256

-£550

-£194

£1,086

-£1,822

£47

-£1,675

£2,000

-£3,923

£655

We Budgeted to spend £2,238 of our reserve. In the event we spent £1,685 LESS than our income.

GLD Income and expenses 2017 - budget vs actual (Green Liberal Democrats Treasurer, Simon Oliver)

The expenses break down as shown:

Expenditure Category

Budget

Actual

Difference

Notes

Administration

£1,006

£1,271

+£265

Actually an underspend - £800 accidental deposit refunded

Publications

£4,452

£4,171

-£281

One fewer Challenge, but more expensive as a result of membership growth

Recruitment

£900

£1,176

+£276

Membership growth has it's costs

Exec Meetings

£2,550

£1,024

-£1,526

More skype meetings and fewer exec in attendance than expected

Fringes

£1,475

£2,283

+£808

Additional fringe at each conference

General Meetings

£400

£335

-£65

GLD Conference

£800

£0

-£800

No GLD Conference in 2017

Political Activity

£420

£196

-£224

Allowance not used

Transfers

£0

£6,000

Not included in totals - movements between bank accounts

£12.003

£10,458

-£1,545

GLD Expenses by Category and Month 2017 (Green Liberal Democrats Treasurer, Simon Oliver)

The income breakdown is as follows:

Income Category

Budget

Actual

Difference

Notes

Sales

£390

£280

-£110

Administration

£0

£1,121

+£1,121

Includes a misdirected deposit, refunded in administration expenses

GLD Conference

£775

£0

-£775

No GLD Conference ticket sales

Membership

£8,600

£10,741

+£2,141

Significant membership growth

Transfers

£0

£16,084

NB includes opening balance - not included in totals, movement between accounts

£9,765

£12,143

+£2,378

GLD Income by Category and Month 2017 (Green Liberal Democrats Treasurer, Simon Oliver)

So it can be seen that cheaper executive meetings and faster than anticipated membership growth allowed us to turn a budget overspend into a surplus. This result has given us the freedom to expand our ambition towards greater fringe activity and recruitment, as well as to take a gamble on a more expensive than usual conference in 2018 to celebrate our anniversary.