How do the party’s central finances look in the run-up to the general election?

With the party’s spring federal conference just round the corner, the latest report from the party’s Federal Finance and Administration Committee (FFAC) is out, which gives the chance to compare the party’s finances now with five years ago.

The good news bit

The federal party’s core activities are generating significantly higher income.

General fund surplus after income generation costs:

2004 £2,642,253
2009 £3,214,500

That 22% increase is impressive, particularly given the recession in 2009 and its impact on fundraising.

The no news bit

The federal party’s debts have not changed much over the last five years, with only a very small rise in the accumulated deficit on the general fund:

2004 £154,000
2009 £158,000

The please donate bit

However, the party’s real challenge is to fund an intense level of campaigning through a five year, rather than a four year, Parliament. With many donations, particularly the larger ones, made towards ‘the next general election’, a five year Parliament runs up extra costs but does not bring in extra income in the same way.

As a result, the accumulated campaign fund surplus going in to the general election year is much lower this time round:

2004 £780,000
2009 c.£250,000

However, the party is very bullish about its financial prospects this year, with the FFAC report saying that for the Campaign Fund in 2010, “Total income is budgeted to be around £4m, which is substantially higher than in any previous general election year”.
Read more by or more about .
This entry was posted in General Election.
Advert

Post a Comment

Lib Dem Voice welcomes comments from everyone but we ask you to be polite, to be on topic and to be who you say you are. You can read our comments policy in full here. Please respect it and all readers of the site.

If you are a member of the party, you can have the Lib Dem Logo appear next to your comments to show this. You must be registered for our forum and can then login on this public site with the same username and password.

To have your photo next to your comment please signup your email address with Gravatar.

Your email is never published. Required fields are marked *

*
*
Please complete the name of this site, Liberal Democrat ...?

Advert



Recent Comments

  • David Evans
    I know it is a disappointment to many to hear that idealistic liberalism is not the be all and end all of so many people’s lives (including many perfectly goo...
  • Tom Harney
    How can we believe that arguing about numbers is going to help us? Statistics are helpful to help us look at the real situations of real people. That is what we...
  • john oundle
    Jeff 'The UK was once 10th. worst for deaths per million, but is now in 26th. place. Moreover, recent analysis of excess deaths by the ONS suggests that UK d...
  • Simon R
    *sigh* What on Earth is the problem with using technology to make people's lives better? This reminds me of 15-ish years ago when the LibDems were against the n...
  • Lorenzo Cherin
    Matt thanks you my valued friend . I know what you experience and it is reflected in how strong you articulate it. Others here, see my link, and comments,...