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NRA Journal - Summer 2003 - National Rifle Association

NRA Journal - Summer 2003 - National Rifle Association

NRA Journal - Summer 2003 - National Rifle Association

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<strong>National</strong> <strong>Rifle</strong> <strong>Association</strong> incorporating <strong>National</strong> Shooting Centre LimitedSummarised Consolidated Results - September 2002Year toYear to30 Sept 2002 30 Sept 2001Income £ £Shooting 479,240 333,344Estate 539,007 517,342Membership 437,334 329,797Imperial Meeting 406,410 373,929Clay 278,195 60,206Other 6,498 5,031Total income 2,146,684 1,619,649ExpenditureStaff Costs Shooting 314,562 349,664Estate 245,299 219,978Membership 38,161 68,429Imperial Meeting 71,902 77,421Clay 140,044 63,283Central 276,241 288,947Total Staff Cost 1,086,209 1,067,722Other Costs Shooting 45,701 77,289Estate 178,471 231,096Membership 12,795 21,836Imperial Meeting 99,134 99,233Clay 125,376 32,960Central 234,060 205,571Bank Interest 100,112 122,197Depreciation 142,603 141,624Total Expenditure 2,024,461 1,999,528Net Operating Surplus (Deficit) 122,223 (379,879)Year End AdjustmentsLoss on sale of plots of land - (8,745)Donation - sale of Cottesloe Lodge - 234,808Deferred Income, premium on leases 1,246 -Surplus on Revaluation of Property - 2,814,528Valuation fees - (10,000)Recovery of legal fees - 58,750Lottery professional fees - (77,323)Accommodation block design and research - (92,000)Charity Appeal Fund - (5,109)Corporation tax - NSC (8,887) -Net movement in Trust Funds 8,450 (7,665)123,032 2,527,365less unrealised losses on investments (25,631) (38,109)Net Increase in Funds per Audited Accounts £97,401 £2,489,256Capital<strong>NRA</strong>48Spent in year 26,828 315,400Received - Accommodation site (92,000) -NSC Lottery ProjectSpent in year 84,167 1,069,659Lottery grant received (179,978) (656,886)Total Net Capital (Receipts) Expenditure £(160,983) £728,173Net Current Assets (Liabilities) £119,456 £(1,577,118)Medium Term Loan Finance £(1,261,818) £(19,891)

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