2002 Accounts

The accounts for 2002 have now been audited, and approved by the General Committee, and there is much to give thanks for in the last 12 months. The 2002 deficit of £11,038 on income of £814,012 is encouraging given all the circumstances. The work has developed very significantly, with nearly £100,000 more spent in 2002 than 2001. All of the loss can be attributed to the unrealised losses incurred by our modest investment. However it must be acknowledged that the accounts have been improved significantly by a legacy of £50,000, the largest gift ever received by the Fellowship.

Subscriptions Increase

We are thrilled by the generous way in which the subscription increase has been accepted by the membership – thank you Lord for generous doctors! It has increased from £75 to £120, or £10 per month, for those in full time practice as from 1 January 2003. In addition student membership is now offered free for the first year, and £10 per annum thereafter, or £25 for 3 years.

Accounts activity

Audrey Pegler, our accountant has not been well for a good part of this year, and continues off sick. As a consequence, it has not been possible yet to produce quarterly management accounts for the 1 st quarter of 2003, and we are behind on several activities including the acknowledgement of subscriptions and gifts, setting up new and replacement bankers orders, and reclaiming Gift Aid tax. Please accept our apologies in particular if Audrey’s absence means that setting up your bankers order is slow, and we are slow in acknowledging subscriptions and donations; we do continue to be immensely grateful to the Lord for the membership’s generosity.

Give As You Earn

Give As You Earn, the means of giving to charity direct from your payroll continues to receive very favourable tax incentives from Government, and the recent pre-Budget statement extended the scheme to at least April 2004. All tax free payroll giving benefits from AN ADDITIONAL 10% added by Her Majesty!! Please ask the CMF office for further information.