You will recall at our recent Annual Meeting on 21st October I pointed out in response to members’ questions that the accounts were at this stage provisional, and it would be necessary to put the figures into a format that both met our requirements for clarity and those of Companies House. I am pleased to say following a meeting with our treasurer, myself and our accountants this has been achieved. I am now sending these to you with the comment that we are in a stronger position than some had feared.
We have two non-recurring expenses. First of all, whereas the Dickens Russia Conference was an innovative and worthwhile event, it did not attract as many participants as we had hoped, so this cost a net £1,892. Secondly, we had to cover the legal fees for the incorporation of the Society which were £3,660. Both these items were once off items and caused a deficit of £ 5,552. When these are deducted, our loss for the year was £2,252.
The Committee has decided to address this by charging £1 per glass of wine at all talks from January 1st 2014 which will help. Secondly, Nic Cobb who has responsibility for attracting our younger members has already been contacting universities and other organisations through social media to make them aware of the Society’s activities.
I hope you now feel the Society is in comparatively good health with your Committee well aware of keeping a close eye on costs against expenditure.