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Accounts

  The Balance Sheet for the year to March 2005, as compared with the previous year, shows a reduction in Assets of £2,352; the Trust's capital has suffered through expenditure exceeding income by a significant amount.

Analysis of the Profit and Loss Accounts for the two years provides an explanation for this result. Income was down by some £1,850, mainly due to a fall in orders from 13,000 to 6718, highlighting the need for more marketing of both the Trust and the cards. While Bruce's periods of hospitalisation and recuperation undoubtedly deprived the Trust of his customary drive, the lack of continuity and the necessary skills on the day to day administration was the main cause of the reduced activity.

On the expenditure side, computer costs were some £600 higher, £431 having been spent on a new printer, and insurance was up by £45. Printing of publicity leaflets had to be done commercially, adding nearly £200 to running costs, and telephone charges were up by a similar amount.

Since the year end, efforts have been made to form a team of suitable volunteers to deal with the administration, which is key to the efficient running of the Trust, to its marketing and in generating orders.