It has been suggested that members would like an interim account of how subscriptions are being spent. A full breakdown of income and expenditure will be made available once the annual accounts have been completed (July) and audited, and will be formally presented to the AGM (Sept).
In this financial year (July 2011-June 2012):
SUBSCRIPTIONS COLLECTED £ 402.00
Annual Fee to Allotments and Gardens Council (UK) £ 65.00
Annual Site Insurance £ 58.30
Hire of 1 8-tonne Skip £ 150.00
TOTAL to date (with 6 months of the subscription year to run) £ 288.30
There is also ongoing expenditure on electricity (about £4.00 per month), site administration etc., which is charged against the subscriptions.
It should be noted that the financial year (1st July to 30th June) is not the same as the subscription year (January 1st to December 31st). It might be worth considering at this year’s AGM whether to alter the financial year to coincide with the subscription year.
The major item (not included in the above list) is expenditure on minor site maintenance works which is currently being funded from a mixture of the reserves and monies raised on Open Days. The need to secure funding for this work is one reason we are seeking a new agreement with the Council.