1. Treasurer’s Report Ralph Tingle – Honorary Treasurer Richard Penney – Director of Finance & IS

2. What Richard and I will cover 1)Financial results for 2012 2)How we compare to similar charities 3)Latest forecast position for 2013 4)Reserves and why the financial framework is important 5)Conclusions from a treasurer’s perspective

3. 2012 compared to 2011 Total charity20122011 £million Income23.921.9 Expenditure(26.6)(23.7) Deficit (2.7) (1.8) Gain on Investments 0.1 0.3 Net Deficit (2.6) (1.5)

4. 2012 – in more detail UK ProgrammesLocal groupsTotal £million Income20.13.823.9 Expenditure(23.7)(2.9)(26.6) (Deficit) / Surplus for year (3.6)0.9 (2.7) Gain on Investments 0.1 - Local group contributions 1.8(1.8) - Net (Deficit) for year (1.7)(0.9) (2.6)

5. 2012 - How each £1 was earned Donations and Membership 50p Legacies 37p Trading and Events 10p Investment income 2p Grants and other income 1p

6. 2012 – Where each £1 came from Local Groups 16p UK Programmes 84p

7. 2012 - How each £1 was spent Friendship and Support 31p Information 22p Research 21p Cost of generating funds 18p Campaigning 6p Governance costs 2p

8. Balance Sheet at 31 December 2012 £million Buildings / other tangible fixed assets 2.8 Investments and short term cash deposits 18.3 21.1 Cashat hand 5.8 Amounts owing to us 2.1 Amounts owing or committed by us (14.5) TOTAL FUNDS - at 31 December 2012 14.5 At 31 December 2011 17.1

9. Spend on charitable activities – how do we compare?

10. £1 spent on fundraising generates £4.80 - how do we compare? £

11. Admin/Support costs – how do we compare?

12. Latest Position for 2013 Total charity Budget Latest Forecast £million Income28.925.1 Expenditure(29.6)(29.4) Deficit (0.7) (4.3) Gain on Investments 0.2 0.5 Net Deficit (0.5) (3.8)

13. Latest Forecast of Total Funds UK ProgrammesLocal groupsTotal £million Actual as at 31/12/12 8.75.8 14.5 Forecast Movement 2013 (2.8)(1.0) (3.8) Forecast for 31/12/13 5.94.8 10.7

14. Number of months spend in available reserves Year Months forecast

15. Number of months spend in Local Group reserves (at end of 2012) Months Surplus Reserves £2.9m 23.6 months 11.6 months

16. Local Group Reserves

17. Treasurer’s Conclusions Income continues to grow Increased investment in core activities continues Still performing well compared to similar charities Some challenges in new income stream Reserves reducing but some surplus reserves remain New financial framework important for financial planning for the charity important for putting excess reserves to work sooner Planning for next strategy underway