Fund Accounts - Help explain this.

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Re: Fund Accounts - Help explain this.

Post  sharonl on Tue Jan 10, 2012 7:39 am

At last we have the accounts they will be uploaded shortly

http://jillhavern.forumotion.net/t4172-fund-accounts-2011


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Re: Fund Accounts - Help explain this.

Post  Advocatus on Wed Jan 11, 2012 12:13 am

Thanks Sharon.

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Re: Fund Accounts - Help explain this.

Post  Kepharel on Mon Jan 30, 2012 6:08 pm

Year Comparison20082009Increase/(Decrease)
1. Total Assets1,115,000740,000(375,000)
2. Cash572,000720,000148,000
'Other' Assets (1 minus 2)543,00020,000(523,000)



Hi,

Overall total assets decreased by £375K, however cash increased by £148K. Therefore the value of Non Cash (Other) Assets fell by £523K. This is why ,overall, the net worth of the company fell.

Without detailed figures I would suggest the 'Other Assets' in 2008 (£543K) included an expected cash receipt provided for but not maturing until 2009, that's why in 2009 cash went up and 'other' assets went down once the provision had indeed matured into cash.

Now if the £500K receipt recognised in 2008 came in during 2009, but cash was only up by £148K at the end of the year then it would suggest that heavy 'in year' spending during 2009 kinda gobbled it all up.

Hope that makes sense

Kepharel

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Re: Fund Accounts - Help explain this.

Post  Pershing36 on Mon Jan 30, 2012 9:17 pm

Kepharel wrote:
Year Comparison20082009Increase/(Decrease)
1. Total Assets1,115,000740,000(375,000)
2. Cash572,000720,000148,000
'Other' Assets (1 minus 2)543,00020,000(523,000)



Hi,

Overall total assets decreased by £375K, however cash increased by £148K. Therefore the value of Non Cash (Other) Assets fell by £523K. This is why ,overall, the net worth of the company fell.

Without detailed figures I would suggest the 'Other Assets' in 2008 (£543K) included an expected cash receipt provided for but not maturing until 2009, that's why in 2009 cash went up and 'other' assets went down once the provision had indeed matured into cash.

Now if the £500K receipt recognised in 2008 came in during 2009, but cash was only up by £148K at the end of the year then it would suggest that heavy 'in year' spending during 2009 kinda gobbled it all up.

Hope that makes sense


It is all very strange but I doubt we will ever get the information. One thing is for sure they are not giving it to the poor!!

They should run out of money in the next couple of months but I doubt they will. They will find some millionaire to prop up there quest.

The public see what they want to see, they are Doctors so they must be 'wonderful' people. People will continue to give them money.

Pershing36

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