Treasurer’s report for BOAS Council meeting 20[th] June 2022, Online (Zoom)
Compiled by Dr. Santhana Kannan, Treasurer, BOAS.
1. FY 2021-22 Summary
| Assets & Liabilities | 2021 -22 | 2020 -21 | 2019 -20 |
|---|---|---|---|
| Monetary Assets | |||
| Bank and cash balances: | |||
| Bank current account(HSBC) | 49652.87 | 50377.20 | 56280.11 |
| BOAS annual communitymeetingaccount | closed | closed | 771.20 |
| TOTAL FUNDS(as of 31st March) | 49653 | 50377 | 57,051 |
| Description – Receipts andpayments | 2021-22 | 2020-21 | 2019-20 |
|---|---|---|---|
| Receipts | |||
| Member subscriptions | 3243.81 | 3562.60 | 3,068.12 |
| Receipt – NatWest account transfer | 567.7 | ||
| Receipts - Member's Conference Engelberg (excludes directpayment to ESOA) |
4,194.16 | ||
| BOAS 2022 Registration | 529.83 | ||
| Total Receipts | 3773.64 | 3562.60 | 7,262.28 |
| Payments | |||
| CIO solicitor fees | 4800 | ||
| BOAS TRAINEE PRIZE | 705 | 500 | |
| BOAS 2020 CONF DOMAIN – M ALLEN | 122.40 | ||
| ZOOM subscription | 143.88 | 143.88 | |
| Postage/stationery /zoom sub | 423.12 | 286.93 | |
| Members travel expenses (excl. ESOA / BOAS Conference) |
- | 535.40 | |
| Independent Examination of accounts | 234 | - | 234 |
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| Administration charges(meet venue rent) | - | 164 | |
|---|---|---|---|
| Expenses - BOAS conference Engelberg2019 | - | 3,820.55 | |
| Website update charges | 367 | - | 139.12 |
| Ophthalmic Anaesthesiajournal(3 issues) | 2550 | 4050 | 344.12 |
| BOAS/ESOA 2019 conference support | - | 4,064.77 | |
| Conf/service appreciation tokengift | 60 | 130 | 86.90 |
| Bank account charges | 15 | ||
| Totalpayments | 4498 | 10033.20 | 9,388.86 |
| Net | -724 | - 6470.60 | - 2126.58 |
| Cash and bank balances at beginningof FY | 50377 | 56280.11 | 59,178 |
| Cash and bank balances at end of FY | 49653 | 50377 | 57,051 |
Comments –
Membership receipts decreased by £ 318 during the year. Payments made through ‘Go Cardless’ are credited after deduction of their fees (at source). The income includes £ 530 paid towards registration for BOAS 2022 conference. If we exclude that income, the deficit for the fiscal year is £ 1254. Expenses journal and Trainee prizes formed the bulk of outgoings. (The total prize money was increased from £ 500 to £ 700). Although the cash balance is healthy, this is the third consecutive year we have spent more than our income albeit the deficit amount has reduced. The virtual meetings held last year saved us travel, stay and venue expenses.
FILING OF ACCOUNTS for 2021-22
The relevant spreadsheets and copies of invoices will be forwarded to our accountants (Mr. Andrew Young (from Cummins & Young) in due course. No difficulty is anticipated in filing of accounts.
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