26th January 2013, 02:45 AM
(This post was last modified: 26th January 2013, 02:48 AM by Unitof1.)
Cor this must be recent, could be as a result of buget cuts!! I dont remember doing a yearly look at the ifa accounts. I predict a new bajr tradition. We should give it its own thread. Well done Martin for spotting it. How did you know I was interested..
Initial inpression is: subscription income £300k, RP income £57k both of which have gone up proportionaly from 2010 and combined make about £357K which is a bit worrying when the operating costs or so called Adminitration expenses are £424371 and this is down from +£500K the year before
so its very lucky that they have
[SIZE=1][SIZE=1]
[/SIZE][/SIZE]Total project income -£415471
which kinda puts the combined subscriptions in the shade and they are able to generate this project income it appears just through administration expenses.
The project team though have had a bit of an off year as previously they had generated £642194 from "project income". What are these projects or rather wheres this money coming from? and who are they competing against and what kind of conflicts of interest could there possibly be?
After this I get a bit lost, appart from wondering what these lucrative projects are, It seems that they generated £400k using just £40k worth of direct project costs within a total cost of sales bill of £361507 but then this cost of sales which is basically salaries also has over it the Adminitration expensis, a different set of salaries, of £424371 presumably to help generate the total income of £415471.
you could lump all the salary costs together and get over £700K liability on £359k subscriptions
anyway to answer my question a 20% increase in membership subscriptions toget rid of the ROs but you are still going to be about £50k short in paying for the Administartion costs.
Initial inpression is: subscription income £300k, RP income £57k both of which have gone up proportionaly from 2010 and combined make about £357K which is a bit worrying when the operating costs or so called Adminitration expenses are £424371 and this is down from +£500K the year before
so its very lucky that they have
[SIZE=1][SIZE=1]
[/SIZE][/SIZE]Total project income -£415471
which kinda puts the combined subscriptions in the shade and they are able to generate this project income it appears just through administration expenses.
The project team though have had a bit of an off year as previously they had generated £642194 from "project income". What are these projects or rather wheres this money coming from? and who are they competing against and what kind of conflicts of interest could there possibly be?
After this I get a bit lost, appart from wondering what these lucrative projects are, It seems that they generated £400k using just £40k worth of direct project costs within a total cost of sales bill of £361507 but then this cost of sales which is basically salaries also has over it the Adminitration expensis, a different set of salaries, of £424371 presumably to help generate the total income of £415471.
you could lump all the salary costs together and get over £700K liability on £359k subscriptions
anyway to answer my question a 20% increase in membership subscriptions toget rid of the ROs but you are still going to be about £50k short in paying for the Administartion costs.
Reason: your past is my past