Report of Treasurer
Fred Mumford
BILD Accounts
April 2010 – March 2011
 Board approved the accounts on 14 September 2011
 Auditors signed off the accounts on 26 September
2011
 Later, Members will be asked to vote to adopt them
BILD has two types of
income
Restricted - Government and other Grants to
undertake projects to help people with learning
disabilities
Unrestricted - Our own money earned from BILD
trading activities – these are our ‘General Funds’
General Funds 10–11
This year
£000’s
Last year
£000’s
Income
Spending
1,129
1,348
1,215
1,382
Deficit
(219)
(167)
Grants received
Spending including sums
from previous years
Net Spend
This year
£000’s
Last year
£000’s
687
881
(779)
(898)
(92)
(17)
BILD
Income: £1.8 million
Voluntary
Income
<1%
Restricted
38%
Interest & Rent
<1%
Membership
6%
Learning
Services &
Advocacy
56%
Spending: £2.13 million
Restricted
38%
Governance
<1%
Membership
4%
Learning
Services &
Advocacy
58%
The Balance Sheet
The net total of the things we owned is made up of:
This Year
£000’s
Office equipment, investments
and stock
Cash at the Bank
Net amounts we owe others
Last Year
£000’s
90
923
(407)
92
1,299
(474)
606
917
The Balance Sheet at
March 2011
Our cash is held to:
Complete Funded projects
Pay for our normal trading activities
and the balance represents
BILD’s General Funds
Cash at the Bank
£000’s
113
317
493
923
BILD’s General Reserves
This is our ‘Working Capital’
Deficit made in 2010-11
Net Surplus brought forward
£000’s
(219)
712
General Funds
493
Held for a ‘rainy day’
‘Free’ funds
400
93
General Funds
493
Proposal 3 – Voting on the
BILD Accounts
Presentation of the Auditors report.
The Members of BILD are now asked to vote
on the proposal that:
‘The accounts for the year ended 31 March
2011 be adopted’
The Members of BILD are now asked to vote
on the proposal that
‘Rabjohns LLP be appointed as Auditor with
immediate effect’
Thank you