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British Fencing AGM Financial Presentation 11 th October 2014.

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Presentation on theme: "British Fencing AGM Financial Presentation 11 th October 2014."— Presentation transcript:

1 British Fencing AGM Financial Presentation 11 th October 2014

2 Income Statement (£) Performance & Talent Development & Events Corporate Services Total % Total % Grant Income 820,104265,00098,3581,183, ,00048 Sponsorship 100,00055,00045,000200, ,00011 Membership 179, ,0008 Other 42,257396,154105,220543, ,00033 Total Revenue 962,361716,154427,6142,106, ,071, Expenditure (962,361)(715,655)(425,981)(2,103,997)(2,287,000) Operating Surplus/Deficit -4991,6332,132 (216,000) Investment Gain 165,827 Total Surplus/Deficit 167,959 2

3 3 -216k+38k +14k +21k +67k +40k +2k Factors contributing to elimination of deficit (£)

4 Events (£) 2012/2013 Deficit Deficit British Youth Championships (6,000)(19,000) British Junior/Cadet Champs (12,000)5,000 British Senior Championships (21,000)2,000 School Teams Championships (1,000)(4,000) Eden and Leon Paul Cups (12,000)(10,000) England Cup (47,000)0 (99,000)(26,000) 4

5 Reserve Position £ C/Fwd Accounts 292,648 Operating surplus 2,132 Investment gain 165,827 C/Fwd Accounts 460,607 Undervalued Assets: - Chiswick Property 5

6 Budget (£) PerformanceDevelopment Corporate Services Total% Grant Income 884,000265,000129,0001,278,00063 Sponsorship 100,00042,50057,500200,00010 Membership 181,000 9 Other 301,00082,000383,00018 Total Revenue 984,000608,500449,0002,042, Expenditure (984,000)(631,000)(462,000)(2,077,000) Surplus/Deficit -(22,500)(12,500)(35,000) 6 Target to sustain break-even going forward


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