WHAT DO YOU GET if you take the UK’s top listed finance directors, and get them to run a lobby group? A deficit in their accounts, that’s what.
Off Balance took a peek through the Hundred Group of Finance Directors 2013 accounts (we were really bored), and noticed the major UK FDs organisation has been a bit, ‘spendy’ in the 12 months to September 2013.
Now, we’re not talking telephone numbers here, so OB doesn’t want you getting your knickers in a twist, but the Hundred Group spent TWICE as much during the year than its income.
It’s income was, erm, £4,900 in subscriptions during the year, and it spent, umm, £9,804. As you can see, we’re not talking about jollies in the Swiss Alps here. The biggest cost was an £8k bill for upgrading its website.
And with £32k already sat in the bank, the Hundred Group doesn’t exactly need to up its subs to fill a black hole.
OB can only assume that the one and only Danielle Stewart of Baker Tilly, who headed up the audit of the numbers, didn’t have too much work to do.