Page 6 - QARANC Vol 14 No 6 2013

4 QARANC THE GAZETTE
Queen Alexandra’s Royal Army Nursing Corps Association Balance Sheet as at 31 December 2012 and Statement of Financial Activities for the year ended on that date.
Registered Charity Number 270278
Report of the Independent Examiner
Queen Alexandra’s Royal Army Nursing Corps Association
Audited Accounts
1 January to 31 December 2012
The accounts of the QARANC Association to 31 December 2012 were audited by Paul Chamberlain of Chamberlains, Chartered Accountants
Central Fund
Income ......................................................................................................................................................................... £201,248.58 Expenditure............................................................................................................................................................... £202,636.56
There was a gain on investments of £88,232.29 during the year and with a balance of total funds within the Central Fund of £1,987,946.27 on 31 December 2011, the balance of total funds on 31 December 2012 was £2,073,880.58.
Income
Donations and legacies .................................................................................................................................... £134,515.41 Investments income ............................................................................................................................................... £66,733.17 Other Income................................................................................................................................................................................... Nil
Expenditure
Grants and donations ........................................................................................................................................ £168,194.64 Costs of Activities in furtherance of charity’s objectives ................................................................ £14,064.69 Management & administration fees ............................................................................................................. £19,937.23 Audit fees ......................................................................................................................................................................... £1,350.00
Benevolent Fund
Income ......................................................................................................................................................................... £132,796.11 Expenditure.................................................................................................................................................................. £88,402.91
There was a gain on investments of £81,152.51 during the year and with a balance of £1,895,463.21 on 31 December 2011, the balance on 31 December 2012 was £2,021,008.92
Income
Donations and legacies ....................................................................................................................................... £62,717.33 Investment income.................................................................................................................................................. £70,078.78 Other income................................................................................................................................................................................... Nil
Expenditure
Grants and donations ........................................................................................................................................... £78,581.10 Management & administration fees ................................................................................................................ £8,471.81 Audit fees ......................................................................................................................................................................... £1,350.00