Page 10 - QARANC Vol 14 No 13 2016

8 QARANC THE GAZETTE
QARANC Association – Audited Accounts – at 31 December 2015
Income
Donations & legacies .................................................................................................................................................. 170,563 Investment income ..................................................................................................................................................... 160,082 Total income 330,645 Expenditure
Grants and benevolence............................................................................................................................................. 136,706 Gazette and website..................................................................................................................................................... 18,420 Support costs............................................................................................................................................................... 32,135 Governance costs ........................................................................................................................................................... 2880 Total expenditure 190,141 Net income for the year 140,504 Other recognised gains/(losses)
Net gains on investment assets ............................................................................................................................... 23,775 Net movement in funds 164,279 Reconciliation of funds
Total funds brought forward ................................................................................................................................ 4,714,117 Total funds carried forward 4,878,396
How we are helping our own in need...
Benevolence is an important part of our Association. The QARANC Association Benevolent Fund awards financial grants to purchase specific goods, services or facilities for serving and retired members of the Corps or their dependants who are in need, hardship or distress.
During the months from Jan 2016 to Jun 2016 the QARANC Association spent over £46,500. Here is a breakdown of how the grants were delivered by purpose.....
Annuitants
Grants sent to our Annuitants usually twice yearly
Over £4,000
Household Items
Wellbeing
This includes grants sent to those requesting assistance due to a hardship or need
Over £11,000
House Adaptations
Mobility
This includes grants towards mobility equipment and travel
Over £2,000
Other
(includes annual grants to ABF, SSAFA and NFA)
Over £3,000
Over £3,500
Over £23,000