Financial Report

ITSReviewAnnual2015

Financial Report 2014 Gerald Leney Accountant The annual report for 2014 shows a decrease in balance following a deficit over the year. The principle is for ITS (UK) to always maintain a surplus equivalent to six month’s ordinary operating expenses. This was maintained throughout 2014. Our main source of income, Members’ subscriptions, reduced by 3.32%, however we continued to maintain our services and benefits to Members. UNAUDITED ACCOUNTS FOR 2014 RTI FOCUS (UK) LTD TRADING AS ITS UNITED KINGDOM AND ITS FOCUS Income Actual 2014 Actual 2013 £ £ Subscriptions 201,700 208,625 European Congress 19,095 15,500 Other Income 9,762 22,818 Deposit Income 33 29 _______ _______ Total 230,590 246,972 ====== ====== Expenditure Promotion Expenses 2,599 1,083 Publications and Web site 1,825 470 Conferences and Seminars 19,991 43,000 World Congress — 3,190 European Congress 16,571 17,342 Salaries 151,356 155,753 Insurance 2,441 2,432 Subscriptions and Memberships 198 528 Misc. Staff Expenses 2,090 2,199 Rent and Rates 19,204 19,008 Office Expenses 7,976 8,502 Telephone 613 718 Postage 4,099 3,606 Stationery 1,317 1,053 Bank Charges 1,506 1,746 Audit Fee 1,800 1,750 Depreciation 840 892 Provision for Bad Debts 1,800 2,634 _______ _______ Total 236,226 265,906 ====== ====== (Deficit) Surplus (5,636) (18,934) ====== ====== Reserves at year end 79,692 85,331 ====== ====== 18 ITS REVIEW Annual Review 2015


ITSReviewAnnual2015
To see the actual publication please follow the link above