NORTHERN SOCIETY OF
CHARTERED ACCOUNTANTS
ANNUAL REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2009
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2009
CONTENTS
PAGES
Past presidents of the NSCA
2
Report of the Committee:General Committee of the NSCA
3
Tyne & Wear Society Branch
9
Teesside Society Branch Report
12
Cumberland Society Branch Report
14
Accountants report to the Committee
16
Revenue account
17
Balance Sheet
18
Notes to the accounts
19
1
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
ANNUAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2009
PAST PRESIDENTS OF THE NSCA
1883
1884
1885
1886
1887
1988
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910
1911
1912
1913
1914
1915
1916
1917
1918
1919
1920
1921
1922
1923
1924
T Y Strachan
T Y Strachan
T Y Strachan
F R Goddard
F R Goddard
T C Squance
T Bowden
T Bowden
R Ormond
R Ormond
H Rawlings
H Rawlings
R H Holmes
R H Holmes
R H Holmes
H Squance
H Squance
T Gallagher
T Gallagher
J H Armstrong
J H Armstrong
C Sparks
H Rawlings
W C Forster
J H Armstrong
J A Sisson
J A Sisson
F C Squance
F C Squance
J J Gillespie
W B Ormond
T Wallace
A W Price
E J Wilkinson
J H Armstrong
J H Armstrong
J J Gillespie
H S Squance
H S Squance
T Wallace
T C Martin
E Robinson CBE
1925
1926
1927
1928
1929
1930
1931
1932
1933
1934
1935
1936
1937
1938
1939
1940
1941
1942
1943
1944
1945
1946
1947
1948
1949
1950
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
W Rose
W B Ormond
A W Price
J J Gillespie
T Wallace
T P Parmeter
C T Benson
T C Martin
E Robinson CBE
W Rose
N Dunn
B Dudley
G Adam
T P Parmeter
G Ridley
R P Winter CBE
R P Winter CBE
R P Winter CBE
N Dunn
J Taylor
P Gardner
W H McHlery
J M S Coates OBE
J A Crisp
J E Hilton
P Gardner
R P Winter CBE
E M Robinson OBE
F M Kellet
T C Squance OBE
R K Dotchin
R Mould-Graham OBE
J M S Coates OBE
Sir Robin Chapman Bt
P Cooper
A Whittaker
P T Duxbury
J C Benson
F E Proom
D B Ward MBE
S A Middleton
H Murray
2
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
N T O’Reilly OBE
H Kirton
K J Hilton
A C Dixon MBE
C H W Sansom
C Collett
R E Gray
R G Wilson
G Gallon
G Whitehead
T C Middleton
I R Turner
R C Spoor OBE
R Lovely
J M Stanley
L H Gatoff
C D Kyle
J N Straughan
D R Robson
D M Middleton CBE
A Wappat
D K Wilson
J S Collier
S W Rainbow
R J Anderson
M F Leonard
J A Wood
J Bell
R S Liddell
J L Hinkley
R M Griffiths
R Hill
S J Lundy
T P Armitage
M W Scott
D Tait Walker
J S Hollins-Gibson
A A Josephs
W R Graham
R Barrigan
P M Clarke
J G Summers
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
REPORT OF THE GENERAL COMMITTEE
FOR THE YEAR ENDED 31 DECEMBER 2009
The Committee has pleasure in presenting its Report for the year ended 31 December 2009
MEMBERS OF THE GENERAL COMMITTEE AS AT 31 DECEMBER 2009
President
Deputy President
Vice President
Honorary Secretary
Honorary Treasurer
Members of Council
Cumberland
Teesside
Tyne & Wear
Past President
Co-opted
M L Ranson
J R Hunston
D A Swallow
A R Jackson
D J Thompson
W R Graham, R S Liddell
P Ellwood
R A Jackson
Y Gale
J G Summers
P M Clarke (Courses), S Kenson (Media), N J Lambert
(Communications), G Rigby (NCASS), C Siddle (R&E&T)
The committee met on five occasions to discuss matters of moment and importance.
The committee officers held regular meetings.
NORTHERN SOCIETY MEMBERS ON INSTITUTE PRINCIPAL COMMITTEES
Audit Registration Committee
Ethics Standards Committee
Insolvency Licensing Committee
Member Services Board
Practice Society Committee
R R Tindle, M S Ward
R S Liddell
J Brown
W R Graham
V J Tait
REPORTING ACCOUNTANTS TO THE NORTHERN SOCIETY
Robson Laidler LLP
EX OFFICIO MEMBERS OF ALL COMMITTEE
NSCA President, Deputy President, Vice President, Honorary Secretary, Honorary Treasurer
ANNUAL DINNER COMMITTEE
J Charlton, J R Hunston, K M Proudfoot, M L Ranson, M Rice
COURSES LIAISON OFFICER P M Clarke
3
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
REPORT OF THE GENERAL COMMITTEE - CONT.
FOR THE YEAR ENDED 31 DECEMBER 2009
AUDIT FACULTY REPRESENTATIVE A J Johnston
TAX FACULTY REPRESENTATIVE P Hogan
REGIONAL STAFF
Regional Director – K M Proudfoot
Regional Executive – M Rice
E-mail: northern@icaew.com
Website www.icaew.com/northern
MEMBERSHIP
At 31 December 2009 the membership of the society was 2,974.
OBITUARY
Since the last report the deaths of the following members have been recorded:A Elliott
G Gallon
N T Garbutt
A R Grey
D G U Hardy
G W Hodgson
C E Holroyd
A N Hunter
J W Lamb
A MacKay
J C Miller
G Proudlock
J W Walton
FINANCES
The Northern Society continues to generate a substantial surplus from training courses and
seminars, which help to fund other activities of the society and its branches, as reflected in the
accounts for the year. After several years of healthy surpluses there was a modest loss for the
year, as the Committee believed it was appropriate to utilise some of the Society’s reserves to
maintain the range and balance of activities available to members during the economic
downturn. David Swallow retired after two years’ distinguished service as Honorary Treasurer
and we were pleased that David Thompson joined the Committee in this capacity, to continue
dealing with the increasing complexities proposed by the Institute in the management of
District Societies finances. The Committee is determined to ensure that the Society’s finances
will remain healthy and independently managed.
4
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
REPORT OF THE GENERAL COMMITTEE - CONT.
FOR THE YEAR ENDED 31 DECEMBER 2009
REGIONAL STRATEGY BOARD
The Regional Strategy Board comprises the Regional Director, the District Society
and Branch Office-holders and representatives of key stakeholders in the Region, by
invitation. The purpose of the Board is to set priorities for the Institute’s activities in
the Region, ensuring proper lines of communication between the District Society, the
Regional Office and the ICAEW and to co-ordinate the Society’s activities with those
in the Region’s operational plan. No meetings of the Board were arranged by the
Regional team during the year.
NORTHERN ACCOUNT
The Society magazine, “Northern Account”, is published four times a year and
distributed to all members and students. The magazine is supported by sponsorship
and continues to keep members in touch with local news and events, with a focus on
member activities.
CONTINUING PROFESSIONAL DEVELOPMENT
The Northern Society and its Branches continue to provide a varied courses
programme to assist members in fulfilling their CPD requirements. As well as the
many half day courses for members in business as well as in practice the Society also
holds three successful Residential Courses at Redworth Hall, the Lakes and Peebles.
During the year the society held 35 courses, attended by 2302 participants.
MEDIA RELATIONS
During the year in June our region’s Media Relations Manager, Colin Young resigned
and was replaced by Sonia Kenson, who is based in the Yorkshire and Humberside
region and also has responsibilities in the North-West. Continuing to achieve
prominent media coverage for the Northern Society and the three branches has proved
difficult for a Media Relations Manager who is not based in the district and the
Committee is examining ways to work with Sonia to improve the coverage of local
events and activities.
One effective way of helping Sonia to achieve greater coverage is for members to
contact her with newsworthy items or other information, which could be used either
as press releases or as magazine articles. Sonia can be contacted at
Sonia.Kenson@icaew.com or 07715 496 469 and is always pleased to hear from you.
5
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
REPORT OF THE GENERAL COMMITTEE - CONT.
FOR THE YEAR ENDED 31 DECEMBER 2009
FINANCIAL CAPABILITY INITIATIVE
The Society continued to support the Institute’s Boosting Financial Capability in
Schools initiative, in conjunction with the Regional office of the Personal Finance
Education Group (established by the Government to implement its financial capability
strategy). The initiative seeks to encourage member volunteers to support schools in
the education of young people in understanding the financial opportunities and pitfalls
they will encounter through life.
ANNUAL DINNER
The Annual Dinner was held at the Civic Centre, Newcastle-upon-Tyne on Thursday
8th October 2009. We welcomed over 220 members and guests, including 20 Past
Presidents, the Lord Mayor, the Lord Lieutenant and the Assistant Bishop of
Newcastle, the Rt Rev’d Paul Richardson, who said Grace. We were also joined by
business and professional leaders from the region and a number of senior
representatives from the Public Sector, including The Chairman of Her Majesty’s
Revenue and Customs, Mike Clasper CBE.
Mike Ranson welcomed the guests and the ICAEW President Martin Hagen gave an
address about the Institute’s achievements on behalf of members. After the meal,
Mike proposed the Toast to the Institute, John Hinkley proposed the Toast to the
guests and Tom O’Connor responded with a most entertaining speech, which was
enjoyed by all those present and rounded off a most enjoyable evening.
Craig Reed was awarded the Nigel Wright Recruitment trophy as the student in an
ICAEW training office in Northern District Society who performed best in the
Institute’s 2008/9 Advanced Stage Examinations
The adopted charity for the Dinner was the Motor Neurone Disease Association, in
support of its activities for patients in the north of England suffering from this
incurable and devastating disease. With Gift Aid included, the total raised on the
night was £2,592.
The Dinner was very favourably received by those who attended and the wellestablished pattern and precise time-management by our experienced toastmaster,
Barry Hilton-Wing, allowed ample opportunity after the formalities were complete to
meet old friends.
Following the withdrawal of Nigel Wright Recruitment as sponsor of the Annual
Dinner, we are most grateful to the Newcastle University Business School for
becoming our main sponsor and to the City of Newcastle upon Tyne for sponsoring
the VIP reception. Our thanks to the Dinner team for all the hard work they put into
ensuring the success of the Dinner.
6
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
REPORT OF THE GENERAL COMMITTEE - CONT.
FOR THE YEAR ENDED 31 DECEMBER 2009
MEMBER SUPPORT
Our member support contacts provide practical support and assistance, in an entirely
confidential way, to members with problems. Doug Kinsey (Kinsey & Co) currently
acts as the Support Member.
CHARTERED ACCOUNTANTS BENEVOLENT ASSOCIATION (CABA)
Richard Hill is the Liaison Officer between the Northern Society and CABA whose
purpose is to assist Chartered Accountants and their dependants in both practical and
financial ways where necessary. Our thanks to him for the discreet and efficient
manner in which he carries out this role.
CABA supported two career clinic events for members during the year as well as the
successful “Getting into Practice” day at Redworth Hall.
If any members of the Society are aware of any member, former member or their
immediate family in our district who might be in need of some help from CABA then
please inform Richard Hill direct: Rhill2468@aol.com or 01642 326213.
MEETINGS WITH OTHER PROFESSIONAL BODIES
The District Society, through its Office Holders, aims to maintain contact with
representatives of other business and professional bodies of law, accountancy and
banking. At intervals they also meet with the Inland Revenue area tax officers. These
meetings provide opportunities to discuss matters of mutual interest concerning our
professional lives and relationships at District level.
RECRUITMENT, EDUCATION & TRAINING
Examinations at the Professional Stage and the Advanced Stage have been held in
Newcastle. A prize giving ceremony has become an established part of our calendar
and is held each year to recognise the achievements of local and national prizewinners from the District and all those who have passed their ICAEW Advanced
Stage exams during the preceding year. In March 2009 this was again held in King’s
Hall, Newcastle University, and Ian Brown, a Director of One NorthEast, gave a
stimulating address, which was appreciated by all the audience of 144 young
accountants, their families and friends. The Society is most grateful to Newcastle
University for making this superb facility available.
Careers fairs continue to be held at local universities. The sub-committee chairman
Chris Siddle (c.siddle@kaplan.co.uk) would welcome assistance from members both
in practice and in business and in particular from younger members with recent first
hand experience of recruitment, education and training.
7
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
REPORT OF THE GENERAL COMMITTEE - CONT.
FOR THE YEAR ENDED 31 DECEMBER 2009
NORTHERN CHARTERED ACCOUNTANTS STUDENTS’ SOCIETY
The Students’ Committee, under the chairmanship of Gemma Rigby, has continued to
ensure that NCASS is an active Society, holding regular social and sporting events.
Once again, the society organised successful Annual Dinners at Newcastle Civic
Centre and the Riverside Stadium, Middlesbrough.
CUMBERLAND CHARTERED ACCOUNTANTS STUDENTS’ SOCIETY
The Committee under the chairmanship of Kevin Batty has held social events during
the year which will culminate in another successful Annual Dinner in July.
NORTH EAST YOUNG CHARTERED ACCOUNTANTS GROUP
NEYCAG has continued its successful blend of social and skills activities and panprofessional events under the stewardship of a committed and active committee,
chaired by Paula Park.
GOLF
Mark Gilpin continues to organise events involving members, including matches with
other professions. In Cumberland, two Golf competitions were held, despite the
weather, organised by Peter Ellwood. If you are interested in joining in these
activities, please contact Mark on 0191 492 3864 or Peter on 01900 603623.
CONCLUSION
The Northern Society has once again enjoyed an extremely active and successful year,
supported by the three energetic and enterprising Branches.
We continue to encourage the involvement of all sectors of the membership and hope
that they will find something of interest and relevance in our wide range of courses
and events which have been developed specifically for their benefit.
The job of President is greatly helped by the work of all those who support District
Society activities. Your President would personally like to thank the three Branch
Chairs and their hard-working committees of volunteers who give their time freely
and do an excellent job maintaining the work of the Society. Also, special thanks are
due to Pam Clarke for all her work in continuing to mastermind a high quality range
of courses, which are at the core of our service to members. Finally, a thank you to the
Officers, John Hunston, David Swallow, Andrew Jackson and David Thompson for
all their support and encouragement and to the Regional staff, Keith Proudfoot, Marie
Rice, Lorna Hansell and Sonia Kenson for their invaluable assistance and support of
District Society activities over his year of office.
MIKE RANSON
President
ANDREW JACKSON
Honorary Secretary
8
APRIL 2010
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
REPORT OF THE COMMITTEE–TYNE & WEAR SOCIETY BRANCH
REPORT
FOR THE YEAR ENDED 31 DECEMBER 2009
The committee has pleasure in presenting its Annual Report for the year ended 31
December 2009.
PAST CHAIRMEN OF TYNE & WEAR BRANCH
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
L Phillips
J M Stanley
J N Straughan
A Mills
P Sharp
E L L Jones
D Archbold
J P Southern
A Wappat
W W Ions
J Bell
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
J L Hinkley
I Martin
M W Scott
J P Cawson
K M Proudfoot
M J H Tait
S J Lundy
G S Goldie
M L Ranson
P M Clarke
E Gillott
2000
2001
2002
2003
2004
2005
2006
2007
2008
J G Summers
K Muir
K J Williamson
I Kings
A J Thomson
G Elliott
A R Jackson
A R Jackson
M Jeffrey
MEMBERSHIP OF THE COMMITTEE
Officers (ex officio)
Yvonne Gale (Chairman), Alasdair
Corfield (Vice Chairman), Paula Park
(Honorary Secretary)
Elected by the Society
Mike Ranson, Rob Jones, Joan Louw,
Richard Slack, David Coulter
Immediate Past Chairmen
Michael Jeffrey, Andrew Jackson
Nominated by Northern Society
Mike Ranson (President), John Hunston
(Deputy President)
Members of Council
Bill Graham, Robin Liddell
Nominated by the Students’ Society
Vacancy
MEMBERSHIP
At 31 December 2009 the membership was 1,877.
COMMITTEE MEETINGS
The committee met 6 times in 2009. Reports were submitted to the Committee on
Courses, Social Activities, Premises sub-committee and Younger Members
(NEYCAG) activities. Reports were also received from Institute Council, District
Society, Technical Advisory Committee, Recruitment, Education and Training
representation and the Students Society (NCASS).
COURSES
The varied courses programme continues to provide high-quality CPD opportunities
to our members in Practice and in Business through the wide range of half day and
full day courses. The 27 courses arranged during 2009 including the weekend
residential course at Redworth Hall, were well attended and received good feedback
from members. As in previous years, we owe a debt of gratitude to Pam Clarke for
her contribution to this highly successful programme.
9
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
REPORT OF THE COMMITTEE–TYNE & WEAR SOCIETY BRANCH
REPORT – CONT.
FOR THE YEAR ENDED 31 DECEMBER 2009
SOCIAL
The Chairman’s Supper proved a very enjoyable evening. Following prior years, we
kept the event fairly informal but moved from a sports event to a jazz themed supper
to ensure the event had a broader appeal across the diversity of our members. Many
thanks to those who attended and supported the event.
There have been several other social events during the year including the Charity
Quiz, Shepherd’s Walk and the Wine Tasting Evening. We look forward to more
successful social events during the coming year, starting on April 20th with a lunch for
members approaching retirement or having retired.
STUDENTS
NCASS has continued to provide a series of popular and well attended events for
accountancy students including their well attended Newcastle Annual Dinner. We
have continued to support NCASS’s activities and their role in supporting and
obtaining feedback direct from students for the Institute.
Rob Jones of Newcastle University with the support of Tyne & Wear committee,
NCASS and Northern General Committee, ran the highly successful Prize Giving
Ceremony for students. We would like to thanks Rob and his colleagues at Newcastle
University for their hosting this event that is much appreciated by the students.
YOUNGER MEMBERS
NCASS has always provided a series of popular and well attended events for
accountancy students and this has continued. The North East Young Chartered
Accountant Group (NEYCAG) has continued to provide focussed events for qualified
younger members during 2009.
CONCLUSION
We welcomed several new members to the committee during the year; Joan Louw,
Richard Slack, David Coulter. Already these new members are organising events for
2010. Additionally Laura Lockhart will be joining the committee in early 2010. This
refreshment of the committee with new members is a key achievement of this year
and provides us with the ability to continue with the existing popular activities and to
try some new ideas.
10
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
REPORT OF THE COMMITTEE–TYNE & WEAR SOCIETY BRANCH
REPORT – CONT.
FOR THE YEAR ENDED 31 DECEMBER 2009
CONCLUSION – CONT
Many thanks to all those who have helped to make this another successful year for the
Society, in particular Keith and Marie at the Northern Regional Office, all of the
Committee Members, and all those who have supported the Society’s course
programme and social events throughout the year. I have very much enjoyed serving
as Tyne & Wear Chairman during the past year. At the time of writing this report the
position of Chair for next year is undecided as due to pressure of work my planned
successor Alasdair Corfield is unfortunately resigning from the committee. I am sure
the succession issue will be resolved over the coming weeks and so wish the
committee a successful 2010.
YVONNE GALE
Chairman
PAULA PARK
Honorary Secretary
11
APRIL 2010
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
REPORT OF THE COMMITTEE – TEESSIDE SOCIETY BRANCH REPORT
FOR THE YEAR ENDED 31 DECEMBER 2009
The Committee has pleasure in presenting its Report for the year ended 31 December
2009.
PAST CHAIRMEN OF THE TEESSIDE BRANCH
1950 A Whyte
1970 J Norris
1951 W J E Ringquist
1971 M G Rider
1952 A Henderson
1972 G R Belshaw
1953 A Henderson
1973 E Marquis
1954 H D Anderson
1974 P Openshaw
1955 H D Anderson
1975 R H Bulman
1956 C G Sparrow
1976 P F Hargreaves
1957 C G Sparrow
1977 D T S Rutter
1958 C W Sansom
1978 D V Peace
1959 E B Goldstone
1979 R Hill
1960 R W Swinbank
1980 D Eynon
1961 J H Eltringham MBE 1981 J H Murray
1962 C D Humphreys
1982 D M Middleton CBE
1963 C A P Snow
1983 R D Kirk
1964 H B Kilvington
1984 B Bouttell
1965 H A Branson
1985 R J Anderson
1966 F Robinson
1986 J G W Manners
1967 J A Cook
1987 Mrs P A Taylor
1968 C W Sansom
1988 W R Graham
1969 A D Scott
1989 M G Sillars
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
K Robinson
T P Armitage
D A Swallow
B K Smith
R Barrigan
A M Dennett
Mrs A Luke
J C Scott
J McGrother
R R Tindle
Mrs D Smeeton
P Grylls
A Chuhan
Mrs B Blakey
Mrs L B Christie
G Fitzgerald
G Fitzgerald
G Boagey
Mrs H O’Driscoll
COMMITTEE MEMBERS
Chairman
R Jackson
Vice Chairman
J Bury
Honorary Secretary
C McBride
Elected and Co-opted
Mrs H O’Driscoll, Mrs B Blakey (resigned May 2009),
AM Chuhan, G Boagey, RR Tindle, G Fitzgerald, A
Cousins (resigned November 2009)
NSCA Representatives
Council Members
W Graham, R S Liddell
Regional Manager
K M Proudfoot
MEMBERSHIP
At 31 December 2009 the membership of the Society was 700.
12
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
REPORT OF THE COMMITTEE – TEESSIDE SOCIETY BRANCH REPORT
FOR THE YEAR ENDED 31 DECEMBER 2009- CONTINUED
ANNUAL DINNER
The 60th Annual Dinner took place at The Thistle Hotel, Middlesbrough on 20 November 2009.
Numbers attending were in excess of 200. Clive Parritt (ICAEW Vice President) and sports
broadcaster Garry Richardson were the speakers. The evening was well received and £2,285 was
raised on the night, for donation to the local community nurses of Marie Curie and Unicorn
Riding for the Disabled Centre based in Hemlington. Sponsorship was provided by employment
law and health and safety advisors Peninsula.
BUSINESS AND SOCIAL EVENTS
The student dinner held in May 2009 was again well supported and generated positive
feedback. The event included a presentation of the CU Peat awards.
In March 2010 a joint supper was held with Tees Valley Bankers and Solicitors at the
Riverside Stadium, Middlesbrough. The event was again a great success and attracted over
120 attendees.
GENERAL PRACTIONER GROUP
The Group continued to meet regularly throughout the year, with encouraging numbers
enjoying presentations from guest speakers covering a variety of informative and relevant
topics. Thanks again to Rob Tindle and Beverley Blakey for their continued efforts in
promoting the group and the successful change of venue to Middlesbrough Football Club.
ANNUAL GENERAL MEETING
The Annual General Meeting will be held on Tuesday 11 May 2010 at The Claireville Hotel,
Eaglescliffe, Stockton-on-Tees.
CONCLUSIONS
I would like to thank the Teesside Society Committee for all their hard work during my year
of office. I have thoroughly enjoyed working with them and really appreciate all the time and
energy they have given so freely. I wish that my own working arrangements could have
allowed me to have given more time to contribute during the year.
I also wish to thank all of the officers of the Northern Society as well as Keith Proudfoot and
Marie Rice for their advice and support.
2009 has been another good year for the Society on Teesside and I hope that we are able to
build on this in 2010 with the continued support of our members from across Teesside.
RICHARD JACKSON
Chairman
CRAIG McBRIDE
Honorary Secretary
13
APRIL 2010
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
REPORT OF THE COMMITTEE – CUMBERLAND SOCIETY BRANCH REPORT
FOR THE YEAR ENDED 31 DECEMBER 2009
The Committee has pleasure in presenting its Report for the year ended 31 December 2009.
PAST CHAIRMEN OF CUMBERLAND BRANCH
1951
1952
1953
1954
1955
1956
1957
1958
1959
1960
1961
1962
1963
1964
1965
1966
1967
1968
1969
1970
W J Milburn
T Dowell
T Dowell
R Lyon Wyllie
W C Kyle
W W Routledge
N T O’Reilly OBE
R W Mitchell
W R Dawson
W Paton
E G Hargreaves
J E Clark
R A Duthie
W C Kyle
N T O’Reilly OBE
Miss E D Barrow
W S C Charles
G H Pratt
Sir Kenneth Sharp
J A Wood
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
F G Joynt
E Richardson
T Mabon
J Mitchinson
J M Fendley
G Shiach
J Hogarth
M A Roberts
C D Kyle
E C F Schooling
J A Mitchell
R S Liddell
F Thompson
C E Egerton
D Driver
I C Lancaster
D E Johnson
A Sewell
A M Campbell
A C Custance
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
R J Kenyon
G W Lamont
Mrs J Brown
G J W Rippon
A J Johnston
J S Hollins-Gibson
J Little
Mrs A M Johnston
M Metcalfe
G M Stockill
P D Jones
Mrs J E Carroll
Miss V J Tait
Miss V J Tait
Mr D N Lawson
Mr J R Hunston
Mr J R Hunston
Mr P Ellwood
OFFICERS
Chairman
P E Ellwood
Vice Chairman
D A Liddle
Honorary Secretary D A Liddle
COMMITTEE
J R Hunston, Miss J Thomlinson, W R Graham, R S Liddell, Miss A Cartner, Miss L Brown,
Miss S Tyson.
MEMBERSHIP
Membership of the Branch at 31 December 2009 was 397.
COURSES
The courses programme, drawn up by Joanne Thomlinson and the Courses Sub-Committee,
has continued to provide members of the Cumberland Branch with relevant CPE locally. The
courses continue to be well attended and, as in previous years, the Finance Act and
Accounting and Auditing Update courses attracted significant numbers. The Lakes Weekend
residential course was again held in April. Lyn Carroll chaired the committee, who organised
a variety of speakers on topics for the progressive practice. The weekend was thoroughly
enjoyed by all those who attended. We have also organised a number of evening courses for
members in business.
14
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
REPORT OF THE COMMITTEE – CUMBERLAND SOCIETY BRANCH REPORT
FOR THE YEAR ENDED 31 DECEMBER 2009 continued
ANNUAL DINNER
This was held at the Greenhill Hotel, Wigton on Friday 5 March 2010 and over 90 members
and their guests attended. The principal speakers were Mark Spofforth, from the Institute, and
David Bryon.
SOCIAL
The golfing events are currently being organised by a non-committee member, David
Robinson, and our gratitude is due to him for that contribution. John Hunston continues to
lead our walkers on a good annual walk. The branch also held its Christmas lunch at The
Auctioneer.
STUDENTS
The student society has a new chair. Kevin Batty has been appointed and along with his
committee should be organising events.
ANNUAL GENERAL MEETING
The Annual General Meeting will be held on Tuesday 18 May 2010 at the Greenhill Hotel,
Wigton.
CONCLUSIONS
I wish to extend my thanks to the Committee for all their hard work during my year of office.
I have thoroughly enjoyed working with them and really appreciate all the time and energy
they have given so freely.
I also wish to thank the officers of the Northern Society for their support. My thanks also go
to Regional Office staff Keith Proudfoot for his support and Marie Rice for her help,
especially with the Lakes Weekend. It has been a pleasure to work alongside the Northern
team.
Finally, I would like to thank everyone who has contributed to making this a successful year
for the Cumberland Branch by supporting the courses programme and the social events and I
wish Andrew well for next year.
PETER ELLWOOD
Chairman
ANDREW LIDDLE
Honorary Secretary
15
MARCH 2010
REPORT OF THE ACCOUNTANTS TO THE COMMITTEE ON THE UNAUDITED
FINANCIAL INFORMATION OF NORTHERN SOCIETY OF CHARTERED
ACCOUNTANTS
In accordance with our engagement letter we have compiled the accounts of the Northern
Society of Chartered Accountants which comprise the Income and Expenditure Account, the
Balance Sheet, and related notes from the accounting records and information and
explanations you have given to us.
The accounts have been prepared on the historic cost basis. The financial information is not
intended to achieve full compliance with the provisions of UK Generally Accepted
Accounting Principles.
This report is made to you in accordance with the terms of our engagement. Our work has
been undertaken so that we might compile the accounts that we have been engaged to
compile, report to you that we have done so, and state those matters that we have agreed to
state to you in this report and for no other purpose. To the fullest extent permitted by law, we
do not accept or assume responsibility to anyone other than the Committee of the Northern
Society of Chartered Accountants for our work, or for this report.
We have carried out this engagement in accordance with technical guidance issued by the
Institute of Chartered Accountants in England & Wales and have compiled with the ethical
guidance laid down by the Institute.
You have approved the accounts for the year ended 31 December 2009 and have
acknowledged your responsibility for it, for the appropriateness of the accounting basis and
for providing all information and explanations necessary for the compilation of the accounts.
We have not verified the accuracy or completeness of the accounting records or information
and explanations you have given to us and we do not, therefore, express any opinion on the
financial information.
Robson Laidler LLP
Reporting Accountants
Fernwood House
Fernwood Road
Jesmond
Newcastle upon Tyne
NE2 1TJ
16
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2009
INCOME
Notes
ICAEW contribution to expenses
Profit on courses
Hire of projector
Interest received
2009
£
2008
£
2,840
40,888
100
95
________
43,923
4,040
27,113
187
3,596
________
34,936
18,849
676
19,750
7,015
________
46,290
12,393
440
14,921
3,741
________
31,495
(2,367)
3,441
(20)
________
(747)
________
(2,387)
2,694
=======
=======
EXPENDITURE
Net cost of events
Accommodation
Communications
Administration
1
2
3
OPERATING (LOSS)/SURPLUS FOR THE
PERIOD BEFORE TAXATION
Taxation
AMOUNT (DEDUCTED FROM)/
TRANSFERRED TO ACCUMULATED FUND
17
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
BALANCE SHEET
FOR THE YEAR ENDED 31 DECEMBER 2009
2008
2009
Notes
CURRENT ASSETS:
Debtors and prepayments
Cash in hand and at bank
HM Revenue & Customs
£
£
£
£
18,185
126,204
1,075
-----------
33,338
93,814
3,451
-----------
145,464
130,603
CURRENT LIABILITIES:
Sundry creditors and accruals
Course voucher scheme
Bank overdraft
HM Revenue & Customs
22,285
25,000
7,047
747
-----------
39,941
2,567
97
-----------
NET CURRENT ASSETS
NET ASSETS
ACCUMULATED FUND:
Balance b/fwd
(Loss) / surplus for the period
(42,605)
----------87,998
(55,079)
----------90,385
----------87,998
======
----------90,385
======
90,385
(2,387)
----------87,998
======
87,691
2,694
----------90,385
======
Approved by the committee on ……………………. and signed on their behalf by:
……………………………..
M L Ranson - President
……………………………..
D Swallow – Vice President
18
NORTHERN SOCIETY OF CHARTERED ACCOUNTANTS
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2009
1 ACCOMMODATION
Rent & storage
2 COMMUNICATIONS
Printing and stationery
Postage and delivery
Officers’ travel & admin expenses
Magazine and diary card
NEYCAG web site
3 ADMINISTRATION
AGM and meetings
Bank charges
Student prizes
Presentations and donations
Sundry administration
2009
£
2008
£
676
======
440
======
551
117
9,276
9,522
284
----------19,750
======
676
535
7,121
6,424
165
----------14,921
======
1,440
1,913
525
810
1,250
3,502
526
790
----------- ----------3,741
7,015
====== ======
4 ACCOUNTING CONVENTION
These accounts have been prepared in accordance with the historic cost convention and
accruals basis.
19