Treasurer’s Report for 1 April 2020 to 31 March 2021

Over the years, the number of financial transactions has grown to the point where the simple Excel spreadsheet we have used to manage our finances was no longer fit for purpose. To overcome this, the Committee decided to use Moneyminder, which is a simple accounting package designed for non-profit organisations and our Treasurer’s Report for the financial year 2020/21 has been prepared using this package.

As this is the first year the package has been used, there is no detailed comparison shown against previous years. However, the overall bank balance at £27,726.32 remains very healthy, with a small increase of £159.65 over the year.

The Annual Report for 2020/21 in the new format can be found here.

The Report will be presented to FoAM members at our AGM, to be held by Zoom at 7.00pm on Monday 17th May 2021.

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