Addendum to Report to Area Meeting from the Future of Victoria Terrace Working Group

This addendum has been prepared in response to questions which have come up a number of times from people reading the original report.

1.1. Impact on Area Meeting

First of all, with respect to the overall place within Area Meeting's finances of the financial status of 7 Victoria Terrace, as summarised in Figure 3 of the report, the following table gives an overview of this in terms of the four figures each year: Donations to Area Meeting, the impact of Victoria Terrace, contributions to Britain Yearly Meeting and the balance used for other contributions and Area Meeting purposes, including savings carried forward:

	Notes	2001	2002	2003	2004	2005	2006	2007	2008
Income from donations to AM	[1]	61	79	64	72	77	71	72	76
7VT impact		-8	2	3	7	-12	-14	-26	-30
Contribution to BYM	[2]	20	35	30	31	33	24	27	19
AM balance		33	46	37	48	32	33	19	27

Includes donations earmarked in donors' schedules for a range of specific purposes.
Includes donations earmarked in donors' schedules for BYM central funds, in the region of three to four thousand pounds in recent years.

1.2. Reduction in lettings

Secondly, the report mentions that the loss of letting income from a number of large institutions over the last few years accounts for a significant percentage of the overall lettings decline. There have been around half-a-dozen such losses, each accounting for in the region of one to two thousand pounds per annum.