Our year end is the 31st August every year. I have pleasure in advising you the group did very well at last year's conference, one of the best for many years. Over all our events last year (year ending 31st August 2020) and the main being AI19 we had a total income of £37,574.96 and the expenses for running these events was £35,128.64, so a profit on events of £2466.32.
BCS budgets via the use of negative budgets, so each year we apply for the budget which not only covers the expenses of our events, but the basic operation of the group, travel to committee meetings, membership of other organisations e.g., ECAI, our contribution to the back services at Swindon and London. We are one of the highest profile groups especially our running of UKKDD, Real AI, of course this conference every year in December. Considering the profit on events our cost to the BCS was £6,686.32 and I think it's safe to say HQ think we are good value for money, as we normally get our budget approved quite easily.
At the beginning of this year, we had the ability to access a rollover of around £3000 which we had planned to use to celebrate our 40th year, but of course due to COVID we have not been able to use this money. I hope that we will be able to use that money in 2021-2022 for our events next year.
Our budget for this year 2020-2021 was approved in September, but of course we need to see what actual events we can hold in 2021. This conference is in the year ended 2021, we should cover our costs as they are a lot lower than usual as the conference is being held virtual and I cannot see that we will have a problem with the next budget which will be due around March 2021 and cover next year. We all hope the events will be live next year.
In conclusion the group is in good health, I have attached the end of year accounts if anyone has any questions.
Rosemary Gilligan
Treasurer, SGAI