Page 21 - BPW UK ANNUAL REVIEW 2021-2022 - PART I

st
As at 31 December 2021 the balance on the General Fund stood at £26,130 and we held a
total of £3,691 in Investments (consisting of £2,000 National Savings Bond and purchased during
2021 £1,690 Probus Bond 3.5% Loan Stock and 1 share in the Probus Women’s Housing Society Lim-
ited valued at £1 and the Restricted Funds £2,599 (consisting of June O’Dell Fund £500, Young
BPW Fund £99 and Closure Fund £2,000).

Looking forward, the Budget for 2022 has been prepared on the basis that we are investing

in our future to enable the organisation to grow so I have forecast for a deficit. Over the last two
years we have made a profit of £5,485, so this year’s expenditure will use this profit and reduce
our general funds by £1,074. The income is based purely on 2021 membership numbers so if num-
bers do not increase we are giving no false projections. Renewal fees will remain at £60 and stu-
dent at £35 for a further year. New members will continue to pay £75 and £35 for student. There-
fore projected income is £5,738 and forecast expenditure is £12,297 resulting in a deficit of
£6,559.

Expenditure for the year assumes a limited number of face to face meetings and allows for
attendance at the European Conference in Reykjavik for our President and Young BPW Vice Presi-
dent. The Marketing & Media budget includes the annual Zoom subscription, funding for the

amendments to the BPW UK website, advertising, creating new members packs and other promo-
tional material. The Membership budget includes funding for complimentary memberships and
funds towards the National Young People’s Public Speaking Competition. There is also budget for a
YBPW recruitment event and a Members Day as well as the June O’Dell and International Awards.

My thanks to Alexander Bell of Studholme Bell for examining the 2021 accounts.

Sue Holtom

Treasurer

21 B P W U K - A NN UAL R E VIEW 2 0 2 1 ~ 2 0 2 2