1. RCSLT Annual General Meeting 2012 11 th September 2012

2. 2012 AGM PRESENTATION OF ACCOUNTS HONORARY TREASURER – JOANNA KERR

3. 2011–12 ACCOUNTS SUMMARY £ Total Revenue3,250,958 Total Expenditure3,219,959 Surplus (pre-unrealised losses on investments) 30,999 (Year ending 31 March 2012)

4. KEY FINANCIAL SUCCESSES Long term sources of income (ie membership income) reached 77%. Level of free reserves cover 13 months’ anticipated operating costs.

5. FINANCIAL OVERVIEW For every £1 income we received in the year ended 31/03/2012:  39p was spent on supporting high quality services to members  42p was spent on influencing policy and information in support of end users  16p covered the cost of generating funds;  3p was used to cover governance costs.

6. SUMMARY OF EXPENDITURE

7. SUMMARY OF INCOME

8. THE AUDITORS “Unmodified” audit report

9. THE FUTURE

10. FUNDS SET ASIDE FOR PROJECTS 1. Building refurbishment £300,000 2. RCSLT Giving Voice Campaign £120,000 3. Professional guidance development standards £79,500 4. IT development fund (incl database upgrade) £57,750 5. CPD £50,000 6. Organisation development review £50,000 7. Development of regional hubs £45,000 8. NHS reforms work £43,040

11. MEMBERSHIP FEES

12. FINANCIAL STRATEGIC OBJECTIVES Ensure the RCSLT has financial models which support strategic goals Ensure that reserves are invested prudently (low to medium risk) Ensure that 70% of income is generated from long-term sources Achieve ratio of fixed costs to long term income of no greater than 1:1 Generate annual surplus of between 2%- 4% of turnover (before any major capital investment) Maintain reserves which represent 12 months of anticipated operating costs; 3 months held in cash and the remainder in other investments Maintain minimum cash days in hand of 30 days (or 1.5 times the monthly average outgoings)

13. THE END

14. RCSLT Annual General Meeting 2012 11 th September 2012