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Treasurer's Report for financial year
January-December 1995
As the statement of income and expenditure and the balance sheet show, the
Association's finances remain extremely healthy. This is due very largely to
the success of the journal, and the income which this generates for the
Association. 1995 was a watershed in this respect, because this was the year
in which the process of planned reductions in the journal's long-standing
deficit came to a successful conclusion, and the journal made a profit, of
which the Association received a share.
This means that as long as the journal continues to be successful, the
Association can plan for a certain amount of income. This in turn means that
plans need to be made for appropriate expenditures. The bursary scheme,
linked to the annual joint conference with the Association for Computers and
the Humanities, is the first of these. Other ideas were discussed at the
Annual General Meeting, and are being pursued by the Committee.
The new bursary scheme was initiated in 1995, linked to the conference held
in Bergen in June 1996. The first two recipients of bursary awards of £500
each were Fiona Tweedie, University of the West of England, and Jan-Mirko
Maczewski, University of G”ttringen. The financial details will of course
appear in the 1996 accounts. The Committee and the AGM agreed that the
scheme should continue, with only minor modification in rules for
eligibility, and for the 1997 conference at Queen's University in Kingston,
Ontario, five bursaries of £500 each are open to competition.
| Income and Expenditure
account |
|
|
|
|
| Year to 31 December 1995 |
|
|
|
|
| Income |
1995 |
|
1994 |
|
| Subscriptions* |
£5,854.00 |
|
£6.416.00 |
|
| Profits/Oxford University Press |
532.00 |
|
n/a |
|
| Bank Interest (Bank of Scotland/Midland) |
80.00 |
|
6.21 |
|
| Scarborough Building Society Interest |
1,346.02 |
|
449.06 |
|
| Total income |
7,812.02 |
|
6,781.27 |
|
|
| Expenditure |
|
|
|
|
| Officers' Secretarial Expenses |
100.00 |
|
71.28 |
|
| Travel and fees |
1,050.00 |
|
600.00 |
|
| Bursaries |
0.00 |
|
0.00 |
|
| Other expenses |
75.00 |
|
0.00 |
|
| Total expenditure |
1,225.00 |
|
671.28 |
|
|
| Surplus of Income over Expenditure |
6,857.02 |
|
6,199.99 |
|
|
| Balance Sheet |
|
|
|
|
| At 31 December 1995 |
|
|
|
|
| Accumulated Funds |
1995 |
|
1994 |
|
| Balance at bank on January 1st |
26,037.92 |
|
19,837.93 |
|
| Surplus of income over expenditure |
6,587.02 |
|
6,199.99 |
|
|
32,624.94 |
|
26,037.92 |
|
|
| Represented by: |
|
|
|
|
| Current assets |
|
|
|
|
| Cash at bank-current account |
6,018.10 |
|
127.10 |
|
| Scarborough Building Society |
26,956.84 |
|
25,910.82 |
|
|
|
|
|
|
| Cash in hand |
0.00 |
|
0.00 |
|
| Total current assets |
32,974.94 |
|
26,037.92 |
|
| Less: current liabilities |
350.00 |
|
0.00 |
|
|
32,624.94 |
|
26,037.92 |
|
* Payments from OUP are staged over its financial year, which runs
April-March, so it is not always possible to show directly comparable
figures for receipts from OUP in the ALLC accounts from one year to the
next. A subscription income figure for 1995 which would correspond more
closely with that shown for 1994 would be £6,897, but only £5,854 of this
was actually received during ALLC's financial year 1995.
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