Issuu on Google+

Treasurer’s Report and Audited Accounts 2012

Registered number: 05234230


02 Solicitors Family Law Associaon T/A Resoluon First for family law Registered number: 05234230


03 Solicitors Family Law Associaon T/A Resoluon First for family law

Resoluon1 Treasurer’s Report

Registered number: 05234230

for the year ended 31 December 2012

INTRODUCTION This report supports the audited Accounts of Resoluon for the 12 month period to 31st December 2012 and provides more commentary to the statements contained in them. The Accounts conform to statutory requirements. This report is intended to provide further interpretaon and amplificaon. This should be read in conjuncon with the Annual Report, which provides a full overview of acvity undertaken by the organisaon on behalf of its members.

2012 HIGHLIGHTS • Subscripon rates were again increased only by inflaon, and total subscripon income has increased by £85k (8%). • Total income (including subscripons) decreased by £185k (7%). As forecast last year, mediaon and collaborave law training revenue decreased by 19%, but sll remained over 70% higher than any year prior to 2011. Accreditaon revenue, despite decreasing by 15% due to 2011 including an extra round of accreditaon, remained one of the highest on record. Seminar revenue fell by 19%, reflecng tough market condions. Resources have already been assigned to developing new training and learning products to meet the changing needs of our members. • Publicaons revenue decreased by 57%, which we believe is due to the connuing economic climate as firms cut back on their discreonary expenditure. • Our interest income has increased by 24%, due to increased monies being put on deposit, and our investment income remained steady. • Expenditure decreased by £233k (10%), reflecng reduced training and publicaons revenue. • Resoluon is reporng a surplus aer tax of £230k (9%). The analysis of this is provided later. • Membership subscripons for 2012 stand at 6,331 (5,581 Full & 750 Affiliate) with 1,889 DR members. This is up slightly on 2011’s figures of 6,265 (5,600 Full & 665 Affiliate) and 1,722 DR members.

BALANCE SHEET The balance sheet shows a snapshot of Resoluon’s finances at the year end. Fixed assets Addions this year related to the replacement of obsolete computer equipment at both offices. Investments Deutsche Bank Private Wealth Management are managing £363k of funds, which are held in a mixture of gilts and equies. The investments are shown, in line with current best pracce, at market value. We made a full year trading profit of £27.1k (2011 - £4.1k loss). The income from these investments was £10.0k (2011 £10.3k).

1 Resoluon is the trading name of Solicitors Family Law Associaon, which is a company limited by guarantee.


04 Solicitors Family Law Associaon T/A Resoluon First for family law

Resoluon1 Treasurer’s Report

Registered number: 05234230

for the year ended 31 December 2012

Other Debtors This comprises monies not yet received for seminars from regions. This generally stays at a low level, with the regions keeping 100% of their profits. The central fee of £5 per delegate, which the regions have been charged, generated a small turnover of £15.2k (£15.8k for 2011). This goes towards the costs involved in administrang regional seminars, as well as the central training resource. Bank balances Cash is always held in interest bearing accounts and Treasury reserves Creditors Trade creditors of £83.2k relate to supplier balances at the year end, principally relang to prinng, mailings, marking and event costs. Other creditors of £36.6k relates to customer deposits for courses being held in 2013. The accruals and deferred income of £108k relates to costs incurred in 2012 but not invoiced to us by the year end, together with prudent provisions for other costs that may arise, aributable to 2012 and earlier. Reserves The 2012 surplus of 9% (£230,139) represents delayed expenditure on our consent orders and other publicaons (£52,320) due to slippage in the producon mes and an underspend on staff (£105,433) and associated project and acvity costs (£73,247) as we did not recruit as quickly as we had ancipated following a restructure in the staff team. The balance sheet at 31st December 2012 places Resoluon’s free reserves at £1,345,769. To support members the Naonal Commiee (NC) have designated £346,235 of funds to: consent orders (£37,320) and publicaons (£15,000), Influencing & engagement (£111,081), and DR development (£129,018). During 2013 the NC will be working with the execuve staff team to develop and realise addional ways to support members specifically in the area of training and learning. This will reflect member feedback, the changing external environment and provide increased value for money and member benefits. Further reserves will be designated for this acvity over a two to three year period.

INCOME & EXPENDITURE ACCOUNT Income Income is made up as follows: • Subscripons – the increase in our subscripon rates was, once again, in line with the RPI. The increase in our subscripon revenue reflects this, together with increased affiliate and DR membership numbers. Membership subscripon rates have been frozen for 2013. • Interest – this refers to monies earned on our cash balances. • Investment Income – earned on our investments and dependent on the performance of the stock market. • Seminars – this records the income from the following 142 seminars 26 – Central seminars (3 on advocacy, 5 on black leer law, 4 on black leer law and skills, 7 on Legal Aid, 6 skills & support, 1 naonal conference) 12 – Code in Pracce courses. 104 – Regional seminars run by 29 regions A number of the regions connue to use surplus funds to make donaons to local contact centres, children’s charies and law student prizes etc.


05 Solicitors Family Law Associaon T/A Resoluon First for family law

Resoluon1 Treasurer’s Report for the year ended 31 December 2012

• Mediaon & Collaborave Law training - Demand for courses relang to mediaon informaon and assessment meengs connued to be strong. Resoluon ran a total of 33 mediaon courses and 9 collaborave law courses, together with the DR conference in September 2012. This total of 43 courses compares with 54 courses in 2011 and 28 in 2010. • Accreditaon - This fee income relates to rounds 29 and 30, together with members renewing their accreditaon status for the next 5 years. There were 145 applicants for round 29 and 180 for round 30. • Publicaons - Turnover from publicaons was £52.7k, with key items selling in 2012 including Resoluon’s Modern Family Guide; Precedents for Cohabitaon Agreements; our Privacy & Disclosure Guide; and the Insolvency Guide. • Other - this relates to Job Shop entries on our website and adversements in the Review • The Review – we have a reciprocal arrangement with our printers, under which the prinng and distribuon cost of The Review is offset against the income that we would normally receive from inserts. This provides excellent value for money to our members, who connue to receive The Review free of charge. In order for the accounts to now fully reflect this, the noonal revenue of £50k is included in income, with a corresponding addion to staonery and prinng costs (see below).

Expenditure • Secretariat & administraon - Office and associated running costs remained largely stac. Administraon costs relate to key services such as telephone charges, postage, maintenance and DX fees. We also maintain employers’ liability and other insurances. This year these costs have decreased by 15%, reflecng sound cost control. 2011 also included exceponal costs arising from the conversion of our London offices. Following a comprehensive review of Resoluon’s resources, we now have a mix of full-me staff and contractors, which gives us the flexibility to respond to the changing needs of our members. • AGM - Costs for the 2012 AGM included elecons for Naonal Commiee members and the associated ballot papers. • Commiee travel and work - In order to support our acve member volunteer base, and ensure Resoluon connues to be a member-led organisaon, costs of supporng our commiees were £74.9k in 2012. There is a reducon of £13.1k (15%) from 2011, which saw some higher than average costs, bringing 2012 back in line with previous years. • Staonery & prinng - This includes a noonal £50k prinng cost for The Review, as part of an agreement with our printers (see above). Seng this aside, our underlying costs have decreased by 19% from 2011, which saw a higher than average demand for printed brochures. • Audit - The audit fee increased by 5% to £7,950. • Accreditaon - These are marking costs for each of the rounds and administraon costs including those for the accreditaon commiee. • Publicaons - The costs of £58.7k includes £47.6k for the producon and mailing of the 2012 Good Pracce Guides, which connue to be provided free of charge to all Resoluon members. • Taxaon - Corporaon Tax has been provided for this year due to the surplus made. Tax is payable on investment income, the surplus on trading acvies with non-members and chargeable gains on the sale of investments. • VAT - The paral exempon rules, under which Resoluon operates, connue to affect our ability to recover VAT. Membership subscripons are exempt from VAT. Hence Resoluon is unable to reclaim any VAT relang to the cost of providing membership services. The overall effect is that we have to write off some of the VAT that we have paid out to suppliers as we are not allowed to reclaim it.


06 Solicitors Family Law Associaon T/A Resoluon First for family law

Resoluon1 Treasurer’s Report

Registered number: 05234230

for the year ended 31 December 2012

THE FUTURE Membership is the lifeblood of our organisaon, both for the promoon of the Code in Pracce and in terms of our finances through subscripons and training income. 2012 saw a revised staff structure and a five year strategic and operaonal plan supported by a sound financial review and budget. The NC have commied just under 26% (£346,235) of free reserves to support members, and we will connue to invest our remaining reserves to reflect our members’ needs. It is impossible to predict precisely the shape and size of our membership over the next couple of years. The Family Jusce Review, the Legal Aid, Sentencing and Punishment of Offenders Act, and the challenges from the introducon of Alternave Business Structures will undoubtedly have an impact. Our limited reserves will enable Resoluon, as far as possible, to re-shape where needed and to support members with the new and different challenges through connual support and the provision of praccal products and services. 2013 and 2014 will be uncharted waters in terms of our membership income, and we will connue to monitor our financial posion closely to ensure connued support for members. In response to member feedback, developing training and learning will be a priority moving forward and, together with influencing government and the public, we will connue to invest in new and innovave ways to enable Resoluon members to remain first for family law.

S Kirwan - Director


07 Solicitors Family Law Associaon T/A Resoluon First for family law

Report of the Directors and Financial Statements

Registered number: 05234230

for the year ended 31 December 2012

Audited Accounts 2012

Wilkins Kennedy LLP Statutory Auditor Chartered Accountants Bridge House London Bridge London SE1 9QR


08 Solicitors Family Law Associaon T/A Resoluon First for family law

Contents of the Financial Statements

Registered number: 05234230

for the year ended 31 December 2012

PAGE

Company Informaon

9

Report of the Directors

10

Report of the Independent Auditors

12

ProďŹ t and Loss Account

13

Balance Sheet

14

Notes to the Financial Statements

15

ProďŹ t and Loss Account

18


09 Solicitors Family Law Associaon T/A Resoluon First for family law

Company Informaon

Registered number: 05234230

for the year ended 31 December 2012

DIRECTORS:

J D Emmerson R N G Freeman J Pirrie N Shepherd D N Allison Ms K L Barham Ms K T Fellowes Ms E A Edwards D W Woodward Ms J Edwards S Kirwan Ms E Thomson Ms L Pepper D Eames Ms J Wilson Ms L Loizou A D Morris Ms S Alexander G A C Cameron

REGISTERED OFFICE:

PO Box 302 Vinson Close Orpington Kent BR6 0PJ

REGISTERED NUMBER:

05234230

AUDITORS:

Wilkins Kennedy LLP Statutory Auditor Chartered Accountants Bridge House London Bridge London SE1 9QR


10 Solicitors Family Law Associaon T/A Resoluon First for family law

Report of the Directors

Registered number: 05234230

for the year ended 31 December 2012

The directors present their report with the financial statements of the company for the year ended 31 December 2012. PRINCIPAL ACTIVITY The principal acvity of the company in the year under review was that of the promoon of a construcve, non-confrontaonal approach to family law maers.

DIRECTORS The directors shown below have held office during the whole of the period from 1 January 2012 to the date of this report. J D Emmerson R N G Freeman J Pirrie N Shepherd D N Allison Ms K L Barham

Ms K T Fellowes Ms E A Edwards D W Woodward Ms J Edwards S Kirwan Ms E Thomson

Ms L Pepper D Eames Ms J Wilson Ms L Loizou A D Morris Ms S Alexander

Other changes in directors holding office are as follows: G A C Cameron - appointed 24 March 2012

FINANCIAL INSTRUMENTS The company’s financial instruments at the balance sheet date comprised cash and liquid resources. The main purpose of these financial instruments is to support the company’s operaons. The company has various other financial instruments such as trade debtors and trade creditors, which arise directly from its operaons. It is, and has been throughout the period under review, the company’s policy that no trading in financial instruments shall be undertaken. The main risks arising from the company’s financial instruments are interest rate and liquidity risk: Interest rate risk The company has a policy to manage any exposure to interest rate fluctuaons so as to finance its operaons through retained profits. Liquidity risk The company had net cash balances as at the balance sheet date. Financial assets The company has no financial assets other than short-term debtors and cash at bank. Borrowing facilies The company has no undrawn commied borrowing facilies.

POLITICAL AND CHARITABLE CONTRIBUTIONS During the year the company made the following charitable donaons:-

Family Holiday Associaon

2012 £ 7,000

2011 £ -


11 Solicitors Family Law Associaon T/A Resoluon First for family law

Report of the Directors

Registered number: 05234230

for the year ended 31 December 2012

STATEMENT OF DIRECTORS’ RESPONSIBILITIES The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulaons. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounng Pracce (United Kingdom Accounng Standards and applicable law). Under company law the directors must not approve the financial statements unless they are sasfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: -

select suitable accounng policies and then apply them consistently; make judgements and accounng esmates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will connue in business.

The directors are responsible for keeping adequate accounng records that are sufficient to show and explain the company’s transacons and disclose with reasonable accuracy at any me the financial posion of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevenon and detecon of fraud and other irregularies.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS So far as the directors are aware, there is no relevant audit informaon (as defined by Secon 418 of the Companies Act 2006) of which the company’s auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit informaon and to establish that the company’s auditors are aware of that informaon.

AUDITORS The auditors, Wilkins Kennedy LLP, will be proposed for re-appointment at the forthcoming Annual General Meeng. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relang to small companies.

ON BEHALF OF THE BOARD:

S Kirwan - Director

Date: 12th March 2013


12 Solicitors Family Law Associaon T/A Resoluon First for family law

Report of the Independent Auditors to the Members of Solicitors Family Law Associaon

Registered number: 05234230

We have audited the financial statements of Solicitors Family Law Associaon for the year ended 31 December 2012 on pages five to nine. The financial reporng framework that has been applied in their preparaon is applicable law and the Financial Reporng Standard for Smaller Enes (effecve April 2008) (United Kingdom Generally Accepted Accounng Pracce applicable to Smaller Enes). This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those maers we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permied by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed. Respecve responsibilies of directors and auditors As explained more fully in the Statement of Directors’ Responsibilies set out on page three, the directors are responsible for the preparaon of the financial statements and for being sasfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and Internaonal Standards on Auding (UK and Ireland). Those standards require us to comply with the Auding Pracces Board’s Ethical Standards for Auditors. Scope of the audit of the financial statements An audit involves obtaining evidence about the amounts and disclosures in the financial statements sufficient to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or error. This includes an assessment of: whether the accounng policies are appropriate to the company’s circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accounng esmates made by the directors; and the overall presentaon of the financial statements. In addion, we read all the financial and non-financial informaon in the Report of the Directors to idenfy material inconsistencies with the audited financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implicaons for our report. Opinion on financial statements In our opinion the financial statements: - give a true and fair view of the state of the company’s affairs as at 31 December 2012 and of its profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounng Pracce applicable to Smaller Enes; and - have been prepared in accordance with the requirements of the Companies Act 2006. Opinion on other maer prescribed by the Companies Act 2006 In our opinion the informaon given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements. Maers on which we are required to report by excepon We have nothing to report in respect of the following maers where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounng records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or - the financial statements are not in agreement with the accounng records and returns; or - certain disclosures of directors’ remuneraon specified by law are not made; or - we have not received all the informaon and explanaons we require for our audit; or - the directors were not entled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exempon in preparing the Report of the Directors. Adam Merre (Senior Statutory Auditor) for and on behalf of Wilkins Kennedy LLP Statutory Auditor Chartered Accountants Bridge House, London Bridge London SE1 9QR Date: 14th March 2013


13 Solicitors Family Law Associaon T/A Resoluon First for family law

Profit and Loss Account

Registered number: 05234230

for the year ended 31 December 2012

2012 £

2011 £

TURNOVER

2,405,128

2,593,919

Administrave expenses

2,205,301

2,439,143

199,827

154,776

31,312

27,544

231,139

182,320

1,000

973

230,139

181,347

Notes

OPERATING PROFIT

2

Interest receivable and similar income PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION Tax on profit on ordinary acvies PROFIT FOR THE FINANCIAL YEAR

The notes form part of these financial statements

3


14 Solicitors Family Law Associaon T/A Resoluon First for family law

Balance Sheet

Registered number: 05234230

31 December 2012

2012 Notes FIXED ASSETS Intangible assets Tangible assets

CURRENT ASSETS Debtors Investments Cash at bank

CREDITORS Amounts falling due within one year

£

4 5

6 7

8

2011 £

£

£

1 28,980

1 31,286

28,981

31,287

60,579 362,524 1,140,058

66,054 339,483 1,075,645

1,563,161

1,481,182

246,373

396,839

NET CURRENT ASSETS

1,316,788

1,084,343

TOTAL ASSETS LESS CURRENT LIABILITIES

1,345,769

1,115,630

762,539 583,230

762,539 353,091

1,345,769

1,115,630

RESERVES Pre incorporaon reserves Profit and loss account

10 10

The financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relang to small companies and with the Financial Reporng Standard for Smaller Enes (effecve April 2008).

The financial statements were approved by the Board of Directors on 12th March 2013 and were signed on its behalf by:

S Kirwan - Director

The notes form part of these financial statements


15 Solicitors Family Law Associaon T/A Resoluon First for family law

Notes to the Financial Statements

Registered number: 05234230

for the year ended 31 December 2012

1. ACCOUNTING POLICIES Accounng convenon The financial statements are prepared under the historical cost convenon and in accordance with applicable Accounng Standards. They incorporate the results of the principal acvity which is described in the Directors’ Report and which is connuing. In order to ensure that the financial statements and in parcular the profit and loss account show a true and fair view, the precise format of the financial statements as prescribed by the Companies Act 1985 has not been adopted. Accounng for income and expenditure Income is credited to the Income and Expenditure account when earned. It arises from a single business segment in one geographical market and is wholly aributable to connuing operaons. Expenditure is similarly charged when incurred. Part of the operang costs are directly aributable to the seminars, publicaons and other acvies. Turnover Turnover represents net invoiced sales of services, excluding value added tax. Taxaon Provision is made for Corporaon Tax on interest income, the profit on trading acvies with non members and chargeable gains on the sale of investments. Current asset investments All funds for investment are managed by an investment manager and are stated at market value as at 31 December 2012. Any gain or loss on revaluaon is taken to Income and Expenditure account. Tangible Fixed Assets Depreciaon is provided at the following annual rates in order to write off each asset over its esmated useful life: Office equipment Computer equipment Fixtures and fings

3 years straight line 3 years straight line 5 years straight line

2. OPERATING PROFIT The operang profit is stated aer charging:

2012 £ 16,958 7,950

2011 £ 11,950 2,025 7,600

-

-

2012 £

2011 £

Current tax: UK corporaon tax

1,000

973

Tax on profit on ordinary acvies

1,000

973

Depreciaon - owned assets Loss on disposal of fixed assets Auditors’ remuneraon Directors’ remuneraon and other benefits etc

3. TAXATION Analysis of the tax charge The tax charge on the profit on ordinary acvies for the year was as follows:

Connued...


16 Solicitors Family Law Associaon T/A Resoluon First for family law

Notes to the Financial Statements connued

Registered number: 05234230

for the year ended 31 December 2012

4. INTANGIBLE FIXED ASSETS

Goodwill £

COST At 1 January 2012 and 31 December 2012

1

NET BOOK VALUE At 31 December 2012

1

At 31 December 2011

1

5. TANGIBLE FIXED ASSETS Office equipment £

Fixtures and fings £

Computer equipment £

Totals £

COST At 1 January 2012 Addions Disposals

15,811 278 (899)

28,301 -

53,195 14,374 (9,743)

97,307 14,652 (10,642)

At 31 December 2012

15,190

28,301

57,826

101,317

DEPRECIATION At 1 January 2012 Charge for year Eliminated on disposal

14,033 1,604 (899)

16,922 3,470 -

35,066 11,884 (9,743)

66,021 16,958 (10,642)

At 31 December 2012

14,738

20,392

37,207

72,337

NET BOOK VALUE At 31 December 2012

452

7,909

20,619

28,980

At 31 December 2011

1,778

11,379

18,129

31,286

2012 £ 6,817 5,077 48,685

2011 £ 9,072 8,057 48,925

60,579

66,054

2012 £ 374,770

2011 £ 339,483

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors VAT Prepayments and accrued income

7. CURRENT ASSET INVESTMENTS

Listed investments

Listed investments are stated at market value. At the balance sheet date the cost of these investments was £305,348 (2011: £306,368).

Connued...


17 Solicitors Family Law Associaon T/A Resoluon First for family law

Notes to the Financial Statements connued

Registered number: 05234230

for the year ended 31 December 2012

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2012 £ 83,175 1,343 16,809 36,591 108,455

2011 £ 90,485 2,000 25,262 223,788 55,304

246,373

396,839

2012 £

2011 £

15,000

15,000

Profit and loss account £

Pre incorporaon reserves £

Totals £

At 1 January 2012 Profit for the year

353,091 230,139

762,539

1,115,630 230,139

At 31 December 2012

583,230

762,539

1,345,769

Trade creditors Tax Social security and other taxes Other creditors Accruals and deferred income

9. OPERATING LEASE COMMITMENTS The following operang lease payments are commied to be paid within one year:

Expiring: Between one and five years

10. RESERVES

11. STATUS The company is limited by guarantee of the members, not having a share capital. Each member’s liability is limited to £1.


18 Solicitors Family Law Associaon T/A Resoluon First for family law

Profit and Loss Account

Registered number: 05234230

for the year ended 31 December 2012

2012 £ Turnover Subscripons Seminars Mediaon and collaborave law training Accreditaon Publicaons Other The Review

2011 £

1,183,486 344,283 680,621 88,209 52,733 5,796 50,000

£ 1,098,412 423,816 836,321 103,546 123,576 8,248 -

2,405,128 Other income Interest income Investment income

Expenditure Establishment Administraon Secretariat Contractors Influencing & engagement campaigns Investment fees Annual General Meeng Commiee travel and work Parliamentary, public relaons and campaigns Staonery and prinng Membership publicaons and noces Investment trading profits Consultancy fees Legal and professional fees Auditors’ remuneraon Donaons Depreciaon of tangible fixed assets Profit/loss on sale of tangible fixed assets Seminars (incl mentoring) Mediaon and collaborave law training Accreditaon Publicaons

21,292 10,020

2,593,919

17,195 10,349 31,312

27,544

2,436,440

2,621,463

80,761 182,163 614,413 149,739

80,504 213,890 719,233 20,076

42,195 3,483 7,845 74,885 28,638 87,075 12,847 (27,145) 25,107 1,890 7,950 7,000 16,958 249,521 527,286 51,289 58,723

24,183 3,590 10,367 87,947 86,462 45,823 12,798 4,081 17,087 44,604 7,600 11,950 2,025 315,998 634,000 55,469 38,334

Finance costs Bank charges NET PROFIT This page does not form part of the statutory financial statements

£

2,202,623

2,436,021

233,817

185,442

2,678

3,122

231,139

182,320


19 Solicitors Family Law Associaon T/A Resoluon First for family law Registered number: 05234230


Resoluon, PO Box 302, Orpington, Kent BR6 8QX DX 154460 Pes Wood 3 T: 08457 585671 I F: 01689 896 972 E: info@resoluon.org.uk I W: www.resoluon.org.uk Resoluon is the trading name of the Solicitors Family Law Associaon, which is a company limited by guarantee. Company number 05234230 |Published and produced by Resoluon - ďŹ rst for family law ŠResoluon 2013. All rights reserved.


Treasurers Report - 2012