Page 17 - BPW-UK ANNUAL REVIEW 2022-2023_Neat

Having now held the Treasurer’s role for a further 12 months I have thoroughly enjoyed work-
ing with the Federation Executive Committee and most importantly want to thank Judith Leg-
gat who has continued to support me in compiling the spreadsheets that sit behind our figures.
This has enabled me to perform this role and contribute as much as I do to the other Working
Groups that I sit on.

The accounts for BPW UK show income of £6957 and expenditure of £7261 resulting in a deficit
of £304. This was considerably less than what was forecast mainly due to us not spending as
much as anticipated this year on the new website and, again, neither the June O’Dell or the
International Awards have been applied for. Also our members generously donated £1135 to-
wards the running costs of the organisation, and the FEC members did not claim expenses of
£633.
A total of £58 was sent to the Members Emergency Fund.

On the expenses side with the transfer to Lloyds from HSBC completed finally in May 2022 our
business banking fees have been minimal and with interest rates increasing this has benefited
our investment account at Lloyds. We have renewed our Zoom subscription as this is essential
for our operation and Areas and Working Groups have also made extensive use of it. The main
budgeted-for expense was our contribution to our President’s expenses enabling her attend-
ance at the BPW Europe conference in Reykjavik and we also made a contribution enabling our
YBPW Vice President to attend. We also saved £225 on the Annual Review and a favourable ex-
change rate meant we saved £313 on our affiliation fees to BPW International and BPW Europe.
We reviewed our business insurance and that also resulted in savings of £268.
st
The membership as at 31 December 2022 was 86 made up of 85 full members and 1 student
which is the same as the previous year’s total. 7 members ceased to be members during the
year and 7 new members joined, one of those being a YBPW. We also introduced a ‘Friend Of’
category for supporters of BPW UK and we had our first one join us in November. John Spurrier
Davies has been a long term supporter of BPW UK along with his late wife Lorna, and he was
delighted to be formally recognised as a ‘Friend Of’.

We have also introduced PayPal as another method of payment for our members to use should
they wish to when renewing and applying for membership. Although there is a fee for this of
2.9% of the amount involved and 30 pence per transaction, we have taken the decision that we
can absorb that in our bank charges and so will not be passing that onto our members. Bank
transfer and cheque payment remain an option of course.

FEC meetings have continued throughout the year by Zoom and therefore there was no spend
on external meetings or FEC accommodation.

Debtors and Prepayments consist of outstanding membership fees and the element of insur-
ance that is prepaid. Creditors and accruals are Area Dues not paid over by the end of Decem-
ber.
As at 31st December 2022 the balance on the General Fund stood at £25826 and we held a to-
tal of £3691 in Investments (consisting of £2000 National Savings Bond and 1 share in the Pro-
bus Women’s Housing Society Limited valued at £1 and £1690 Probus Bond 3.5% Loan Stock).
We hold Restricted Funds of £2599 (consisting of June O’Dell Fund £500, Young BPW Fund £99
and Closure Fund £2000).

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