The year
to 31st March 2001 was the second year of certain important funding
elements under three year agreements. Even so, total incoming
resources fell by nearly 5% to just under £231,000, despite
receipt of an award of £25,000 from Glaxo Smith Kline Beecham.
The fall reflected the completion of the Peer Training Project
and the consequent ending of an official Development Grant. On
the expenditure side the cost rose only marginally. However, with
the Penrith and Peer Counselling Project moving to implementation,
the costs of training and supervision again rose by around 25%,
so that total expenditure increased by nearly 5% to almost £235,000.
Net incoming resources thus declined sharply again, this time
recording a small deficit of £3,700.
Nevertheless, our sincere thanks go out to all our supporters,
official and private, great and small. Without your help our work
would simply be unable to continue.
At the end
of the financial year, total reserves stood at around £122,000,
only marginally down from the previous year’s total. More
significantly, however, the amount of unrestricted funds stood
at nearly £110,00, of which £81,000 was accounted
for by liquid assets, the latter being an increase of nearly £19,000
on the previous year. This represents CADAS’’s true
reserves to be used in times of difficulty to meet contingencies,
forward commitments and any cashflow problems. It is the equivalent
of about 4 month’s expenditure at recent rates.
As mentioned
already in last year’s report, a major ongoing worry is our
“Core” funding, which covers the central management
and supervision of CADAS from the Carlisle HQ. This is now the
base for 6 out of the total of 9 paid staff. The continuing weakness
in our “Core” funding needs to be addressed urgently
(perhaps in the form of collaborative service agreements with
statutory funders) if only to reduce some of the time and effort
currently devoted to it.
This year
saw the resignation, in September, of Derek Akehurst, who had
served CADAS as Treasurer for many years. His financial insight
and dedication are greatly missed. We wish him well in his retirement.
Peter Smith took on his role for a while but unfortunately, was
forced, by ill health to retire after only a couple of months.
CADAS thanks him for all he did. From Christmas until the year-end
we were without a Treasurer and Miranda Lowther (Administrative
Assistant), supported by the Director and Business Manager, took
on the financial responsibility, which she finds challenging and
rewarding. Since the beginning of the current financial year we
have a new Treasurer designate, John Bispham a recent retiree
from the financial sector.
CADAS looks forward to the forthcoming year and the challenging
times ahead.
John Bispham
Trustee and Treasurer Designate
Thanks
to