Treasurer's Report for financial year January-December 2002 The finances of the Association are in a healthy state, thanks to the continuing success of the Journal. Our assets at December 2002 were £75,853. The Journal income for 2002 was £19,687, nearly £3000 more than for 2001. Under the agreement with OUP, the Association receives 15% of the subscription income (£8,827) and 50% of the profit (£10,860) made by the Journal. Subscription to the Journal is the means by which individuals become members of the Association. Payments to the Association from OUP in respect of the journal are staged, and the final settlement is not made until five months or so after the end of the year to which it relates. The financial report presented at conference contains the Association accounts for the preceding calendar year, but in turn these accounts reflect the Journal income of the year before that. Hence the 2002 conference is presented with the 2002 accounts, whose income is largely that for the 2001 Journal. Our expenditure was more than last year and the accounts show net income of £ 215 . The main expenditure was on two Committee meetings in Pisa and Bremen. The Pisa meeting should have taken place in December 2001. Four ALLC Bursary awards of £500 were made at the Tübingen conference. Three special Bursary awards of EU 500 were made to young scholars attending the Computers, Literature and Philology (CLiP) conference in Albacete, Spain. I am happy to provide more information on any item in the accounts to interested members. Contact me at the address below. Jean Anderson Honorary Treasurer May 2003   Statement of Financial Activities Year to 31 December 2002 Income   2002 2001     £ £ Journal income: 15% share of revenue   8,827 8,246 Journal income: 50% of profit share   10,860 8,410 Bank Interest   641 967 Building Society Interest   627 1,575 Total income   20,955 19,198 Expenditure Journal editorial expenses   3,826 4,262 Bursaries   3,060 2,500 Annual AGM Conference   1,971 3,140 ALLC committee meetings   11,483 417 ALLC leaflet (design & printing)   0 3,699 ALLC web development   0 3,080 Other costs   400 222 Total expenditure   20,740 17,320 Net income/(expenditure) for the year   215 1,878         Fund balances brought forward   75,638 73,760             Fund balances carried forward   75,853 75,638

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