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.
As dawn breaks on a new financial year, George Bull, senior tax partner at RSM, looks at some of the new challenges ahead for FDs
With ‘cost reduction’ the top strategic priority for UK companies in a Deloitte survey, Simon Brew, consulting partner at the firm, discusses how companies should approach costs in the face of disruption and uncertainty
A new Financial Director webinar, sponsored by Oracle, delves into the major risks and challenges identified by CFOs worldwide. Our panel will discuss how CFOs can protect against these risks, and take advantage of opportunities created by an uncertain environment
Rob Douglas of Adaptive Insights examines how CFOs can actively drive business results with data-driven insights