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LECALE HISTORICAL SOCIETY

FINANCIAL REPORT 2005 - 2006
Audited Accounts

The audited Accounts for the year show the combined income and expenditure of the No1 and No 2 current accounts and the Savings Account.

Financial Code of Practice

The Financial Code of Practice defines roles and responsibilities and underpins the processes of budgetary control and financial reporting, record maintenance, account preparation and audit.

Gift Aid

Gift Aid is a scheme by which a charity can reclaim from the Inland Revenue the basic tax on money paid to it by way of subscriptions or gifts. In the 2004-05 year 156 members provided Gift Aid Declarations and the Inland Revenue credited a total of £542.95 to the Society's account in 2005-2006. In the current year the number of Declarations stands at 158, generating £526.03 for next year's accounts. At 81 % of memberships this is an impressive uptake. The scheme costs members nothing and all those who pay tax are invited to sign up. Declarations remain in force while membership of the Society is maintained.

Grants Received

The Society is grateful to Down District Council for its continuing support of the Society's activities. In the financial year the Council provided two grants - £300 in support of the production of Lecale Review, and £100 for the St. Patrick's Festival Lecture.

Membership Drive

The membership drive continued throughout the year. In addition to targeted recruitment, a number of new members (some living in England, one in the USA and one in Spain) used the application form on the Society's website. In total 23 new members joined during the year. However, 11 of the existing members did not renew their subscription. During the year, sadly, two members passed away. By the end of the year the number of memberships stood at 194 (77 family memberships, 110 individual members and 7 honorary members). This compares with 186 and 157 in the two previous years. Membership subscription income increased slightly from £2225 (of which £75 was for advance membership) in 2004-05 to £2235 (of which £65 is advanced membership) in 2005-06.

Society Website

The Society's web site remains much visited, with 2620 visitors and 4,100 page views in the year and, as well as attracting new members, contributed to Journal sales. The Society is grateful to Dr. Finbar McCormick for permission to publish on the site the extensive collection of nineteenth century 'Cumine Parkinson' and 'Cinnamon and Trimble' letters. The site is in the process of approval to become part of the National Grid for Learning, a UK wide resource to schools and colleges.

Journal

The cost of 500 copies of the Lecale Review was £2395 (including £445 design costs). The reduced cost reflects the slightly smaller size of the 2005 journal, from 96 pages in 2004, to 84. Each of the 194 members was supplied with a copy of the journal.

The reduced receipt from sales is due to outstanding invoices to outlets amounting to £520.00.

The following is the stock of unsold journals (excluding those in outlets) at year-end -

Lecale Miscellany 246 (total of all available editions)
Lecale Review No 1 37 (excluding those unsold in outlets)
Lecale Review No 2 60 (excluding those unsold in outlets)
Lecale Review No.3 85 (excluding those unsold in outlets

Total discounted value: £1207.00

P. DEVLIN
Treasurer
12th April 2006