## **STOCKPORT ADVANCED MOTORISTS** 

## **NOTES TO ACCOUNTS FOR THE 12 MONTHS ENDING 31[ST] MARCH 2023** 

## **INCOME** 

1. Now that Observed runs have restarted membership fees were charged in the year due. 

2. The associate fees were for 21 Associates who joined in the year. 

3. Legacy. We received totally unexpectedly a large legacy of £53.6k from Alison Margaret Ashworth. She was a member of West Pennine Group, but as that group had ceased, the Executors decided that the money should be distributed to 3 IAM Groups in Greater Manchester, one of which was Stockport. 

   - These funds will be utilised to further the progress of advanced driving. We are still debating on how best to use this unexpected legacy. 

4. Interest has increased as a result of investment of the legacy along with higher interest rates. 

## **EXPENDITURE** 

1. With the resumption of activities, room hire, refreshments, purchase of highway codes and regional activities have returned to more normal levels. 

2. Unfortunately, most of the associates in the year were not able to benefit from our under 36 rebate programme, as we have only had a few young associates during the year. 

3. HSBC like most other banks started charges fees for charity bank accounts. In the previous year we had only 4 months of charges compared to 12 months in the current year. 

4. We decided to take an advert for 3 editions of Inside Bramhall. We await with interest to see if this will bring in more associates. 

## **BALANCE SHEET** 

You will note that most of our funds have been invested in Cambridge and Counties Bank. We have spread this over a 95 day notice account, a 1 year fixed term bond and a 2 year fixed term bond. The interest on the bonds will be 

received upon the maturity of the bond. All 3 accounts pay a competitive rate of interest. 

Richard Paddison 

Treasurer, Stockport Advanced Motorists 

May 2023 



Stock ort Advanced Motorlsts
istered Char
No.1051561
Incorne & Ex
Account for the 12 month
rlod 1st A ril 2022 to 31st March 2023
Current Year
Prèvious Year
INCOME ..
Mernbership Fees
Associata Fees
Donation & Legacies
Interest Received
310.00
750.(K)
53.686 12
238.19
10.00
620.00
30.00
0.98
54,984.31
680.98
EXPENDITURE:
Insurance
Web Sile
Room Hire at Old Rec*ory & Brookdale Club
Refreshmènts
Pos18ge
Slalionery
Roadsmart Subs
Prizes and Gifts
Monthly Meeting
Life Memb8rshlps
Hlghway Code5
Under 36 Asso¢i8le Support Programme
Bank Charges
IAM Floadsmart branded clothing
Prornolional Costs
Mileage reimbursed
Virtual Meeting Costs- Zoom
(176.79)
{19B.70)
{￿).00)
{203.04)
185.68)
{1.W)
1152.00)
{197.861
0.00
154.90)
179.1n
{23.241
{38.001
0.00
0.00
0.00
{25.97)
1286.001
{20.401
1228.00)
(20.CK))
{30.CQ)
150.00)
{119.98)
(50.00)
(63.PJ))
{360.WI
(99.45)
(29.98)
{28.781
140.501
11,578.221
11,174.821
Nyf INCOME I IEXPENDITUREI
53,406.09
1513.841
Opening R8serves
Movement as abovo
7,959.75
S3.4(￿.09
8.473.59
1513.84)
Closlng Reserves
61,365.84
7,959.75
Current Account .. HSBC
Oeposit Account .' HSBC
Cambridge & Countses Bank Savings
Due to Old Rectory
Bank Charges paid 1 month in arre8rs
Due from IAM for Associate Fees
Due to IAM Roadsmart for Insurance
Under 38 AsKKiate Suppthl Ac¢rual
Stock.. Other
145.29
6,044.21
55,201 36
{30.C())
(5.(K)I
386 49
7.801.26
0.00
115.001
15.00)
62.00
1152 001
1118.00)
0.00
61,365.84
7.9S9.75
Trnasumr
Date 13
Independent Accountant Review Report
I have exaTnined the Income and ExpendrtUTe ac(x)unt for the 12 months ended 31st March 2023
In my opinion the accounts grve 8 true and tsir wéw of the resutts of the year based on the infomiation and
records given lo me.
Signed
Date
13Js123

Stock ort Advanced Motorlsts
istered Char
No.1051561
Incorne & Ex
Account for the 12 month
rlod 1st A ril 2022 to 31st March 2023
Current Year
Prèvious Year
INCOME ..
Mernbership Fees
Associata Fees
Donation & Legacies
Interest Received
310.00
750.(K)
53.686 12
238.19
10.00
620.00
30.00
0.98
54,984.31
680.98
EXPENDITURE:
Insurance
Web Sile
Room Hire at Old Rec*ory & Brookdale Club
Refreshmènts
Pos18ge
Slalionery
Roadsmart Subs
Prizes and Gifts
Monthly Meeting
Life Memb8rshlps
Hlghway Code5
Under 36 Asso¢i8le Support Programme
Bank Charges
IAM Floadsmart branded clothing
Prornolional Costs
Mileage reimbursed
Virtual Meeting Costs- Zoom
(176.79)
{19B.70)
{￿).00)
{203.04)
185.68)
{1.W)
1152.00)
{197.861
0.00
154.90)
179.1n
{23.241
{38.001
0.00
0.00
0.00
{25.97)
1286.001
{20.401
1228.00)
(20.CK))
{30.CQ)
150.00)
{119.98)
(50.00)
(63.PJ))
{360.WI
(99.45)
(29.98)
{28.781
140.501
11,578.221
11,174.821
Nyf INCOME I IEXPENDITUREI
53,406.09
1513.841
Opening R8serves
Movement as abovo
7,959.75
S3.4(￿.09
8.473.59
1513.84)
Closlng Reserves
61,365.84
7,959.75
Current Account .. HSBC
Oeposit Account .' HSBC
Cambridge & Countses Bank Savings
Due to Old Rectory
Bank Charges paid 1 month in arre8rs
Due from IAM for Associate Fees
Due to IAM Roadsmart for Insurance
Under 38 AsKKiate Suppthl Ac¢rual
Stock.. Other
145.29
6,044.21
55,201 36
{30.C())
(5.(K)I
386 49
7.801.26
0.00
115.001
15.00)
62.00
1152 001
1118.00)
0.00
61,365.84
7.9S9.75
Trnasumr
Date 13
Independent Accountant Review Report
I have exaTnined the Income and ExpendrtUTe ac(x)unt for the 12 months ended 31st March 2023
In my opinion the accounts grve 8 true and tsir wéw of the resutts of the year based on the infomiation and
records given lo me.
Signed
Date
13Js123