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

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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 pur-
chased during 2021 £1,690 Probus Bond 3.5% Loan Stock and 1 share in the Probus Women’s
Housing Society Limited 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 in-
vesting 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 member-
ship numbers so if numbers do not increase we are giving no false projections. Renewal fees
will remain at £60 and student at £35 for a further year. New members will continue to pay
£75 and £35 for student. Therefore 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
President. 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

promotional material. The Membership budget includes funding for complimentary member-
ships and funds towards the National Young People’s Public Speaking Competition. There is al-
so budget for a YBPW recruitment event and a Members Day as well as the June O’Dell and In-
ternational Awards.

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

Sue Holtom
Treasurer

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