Annual Review 2007-2008 - The Royal Commonwealth Society

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Consolidated statement of financial activities (incorporating an income and expenditure account) For the year ended 31 December 2007 2007 2006 Restricted Unrestricted Total Total £ £ £ £ Incoming resources Incoming resources from generated funds Donations – 78,835 78,835 256,725 Legacies – 1,218 1,218 7,729 Investment income – 38,722 38,722 36,288 Incoming resources from charitable activities Member services – 400,286 400,286 365,780 Public Affairs Programme – 22,456 22,456 26,190 Cultural events – 6,365 6,365 2,472 Educational Programmes 63,002 1,743 64,745 144,939 Activities for generating funds Commonwealth Club Ltd – 2,671,598 2,671,598 2,245,911 Social activities – 7,946 7,946 11,959 Total incoming resources 63,002 3,229,169 3,292,171 3,097,993 Resources expended Costs of generating funds: Costs of generating voluntary income – 109,324 109,324 124,639 Charitable activities Member services – 336,669 336,669 337,594 Public Affairs Programme – 413,545 413,545 412,361 Cultural events – 106,599 106,599 103,152 Educational Programmes 82,916 272,865 355,781 308,234 Cost of activities for generating funds Commonwealth Club Ltd – 2,153,925 2,153,925 1,957,573 Social activities – 64,464 64,464 66,746 Governance costs – 83,036 83,036 97,518 Total resources expended 82,916 3,540,427 3,623,343 3,407,817 Net (outgoing) resources before transfers (19,914) (311,258) (331,172) (309,824) Gross transfers between funds (67,415) 67,415 – – Net (expenditure) for the year (87,329) (243,843) (331,172) (309,824) (Losses)/Gains on investments – (9,701) (9,701) 57,476 Net movement in funds (87,329) (253,544) (340,873) (252,348) Fund balances brought forward on 1 January 2007 178,423 3,482,032 3,660,455 3,912,803 Total funds carried forward 91,094 3,228,488 3,319,582 3,660,455 44 Annual Review 2007/08
Consolidated balance sheet As at 31 December 2007 Fixed assets Current assets 2007 2007 2006 2006 £ £ £ £ Tangible assets 5,772,184 5,626,924 Investments 1,068,213 1,078,012 6,840,397 6,704,936 Stock 20,264 17,529 Debtors 600,675 513,767 Cash at bank and in hand 90,908 41,384 711,847 572,680 Creditors amounts falling due within one year (1,218,007) (1,104,390) Net current assets (liabilities) (506,160) (531,710) Total assets less current liabilities 6,334,237 6,173,226 Creditors amounts falling due after one year (3,014,655) (2,512,771) Total net assets 3,319,582 3,660,455 Funds Restricted funds 91,094 178,423 Unrestricted funds 3,228,488 3,482,032 Statement from the Trustees Auditors’ Report on summarised accounts These summarised accounts are extracted from the full unqualified audited group accounts approved by the Trustees on 18th March 2008 and subsequently submitted to the Charity Commission. They may not contain sufficient information to allow a full understanding of the financial affairs of the charity. For further information, the full accounts, the auditors’ report on those accounts and the Trustees’ Annual Report should be consulted; copies of these can be obtained from the Director of Finance, The Royal Commonwealth Society, 25 Northumberland Avenue, London, WC2N 5AP. Signed on behalf of the trustees Baroness Prashar Chairman 18th March 2008 Auditors’ Statement to the Trustees of Royal Commonwealth Society We have examined the summarised financial statements set out on pages 44 and 45. Respective responsibilities of Trustees and auditors You are responsible as Trustees for the preparation of the summarised financial statements. We have agreed to report to you our opinion on the summarised statements’ consistency with the full financial statements, on which we reported to you on 20 March 2008. 3,319,582 3,660,455 Basis of opinion We have carried out the procedures we consider necessary to ascertain whether the summarised financial statements are consistent with the full financial statements from which they have been prepared. Opinion In our opinion the summarised financial statements are consistent with the full financial statements for the year ended 31 December 2008. H.W. Fisher & Company Registered Auditors 18th March 2008 www.rcsint.org 45
Page 1 and 2: Creating ideas, building with visio
Page 3 and 4: Contents Royal Commonwealth Society
Page 5 and 6: Director-General’s Report My eigh
Page 7 and 8: Events, Conferences and Banqueting
Page 9 and 10: Building on the past, creating the
Page 11 and 12: Speakers at the RCS during 2007-200
Page 13 and 14: Another important development was t
Page 15 and 16: Can faith and politics meet on peac
Page 17 and 18: Migration: perception, policy and t
Page 19 and 20: Lobbying Parliament ‘Making an im
Page 21 and 22: experiences of the catastrophic eff
Page 23 and 24: “I think that you can grow the ec
Page 25 and 26: Throughout November and December 20
Page 27 and 28: The voice of youth Young people hav
Page 29 and 30: The new Business Area, housing the
Page 31 and 32: Write around the world The Commonwe
Page 33 and 34: network of tiny fibres and capillar
Page 35 and 36: An International Network Branch and
Page 37 and 38: The Caribbean In the Caribbean, the
Page 39 and 40: Supporting the work of the RCS The
Page 41 and 42: It is not only the volume, but also
Page 43 and 44: like me, they were helpless. It nev
Page 45: Dr David Suzuki, Co-founder of the
Page 49 and 50: Prince Edward Island (The Royal Com
Page 51 and 52: Nexus Strategic Partnerships is an

Annual Review 2007-2008 - The Royal Commonwealth Society

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