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I have to report that the AOA’s finances are now in only slightly better shape than when I took over as Secretary in 2009, with the current balance at Barclays Bank again falling below £1,000. (The Association’s National Savings account remains untouched at just over £930).
Our financial year ends on 31st September each year, and I’ve added figures for 2013-14 in the following chart:
Over the same period, our paid-up membership at the end of each September goes like this:
Year: 2009 2010 2011 2012 2013 2014 Paid-up members 62 94 82 83 70 74
Apart from small carry-overs from one year to the next, it can be seen that membership and hence income is slowly declining, while expenses – of which printing and postage are the most significant – are increasing, although we have managed to restrain spending in the current year.
Proposals to counter this trend are being circulated to members in an e-Newsletter, which can also be viewed on-line here.
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