Treasurer’s Report and Audited Accounts 2012
Registered number: 05234230
02 Solicitors Family Law Associa on T/A Resolu on First for family law Registered number: 05234230
03 Solicitors Family Law Associa on T/A Resolu on First for family law
Resolu on1 Treasurer’s Report
Registered number: 05234230
for the year ended 31 December 2012
INTRODUCTION This report supports the audited Accounts of Resolu on 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 interpreta on and amplifica on. This should be read in conjunc on with the Annual Report, which provides a full overview of ac vity undertaken by the organisa on on behalf of its members.
2012 HIGHLIGHTS • Subscrip on rates were again increased only by infla on, and total subscrip on income has increased by £85k (8%). • Total income (including subscrip ons) decreased by £185k (7%). As forecast last year, media on and collabora ve law training revenue decreased by 19%, but s ll remained over 70% higher than any year prior to 2011. Accredita on revenue, despite decreasing by 15% due to 2011 including an extra round of accredita on, remained one of the highest on record. Seminar revenue fell by 19%, reflec ng tough market condi ons. Resources have already been assigned to developing new training and learning products to meet the changing needs of our members. • Publica ons revenue decreased by 57%, which we believe is due to the con nuing economic climate as firms cut back on their discre onary 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%), reflec ng reduced training and publica ons revenue. • Resolu on is repor ng a surplus a er tax of £230k (9%). The analysis of this is provided later. • Membership subscrip ons 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 Resolu on’s finances at the year end. Fixed assets Addi ons 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 equi es. The investments are shown, in line with current best prac ce, 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 Resolu on is the trading name of Solicitors Family Law Associa on, which is a company limited by guarantee.
04 Solicitors Family Law Associa on T/A Resolu on First for family law
Resolu on1 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 administra ng 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 rela ng to prin ng, 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, a ributable to 2012 and earlier. Reserves The 2012 surplus of 9% (£230,139) represents delayed expenditure on our consent orders and other publica ons (£52,320) due to slippage in the produc on mes and an underspend on staff (£105,433) and associated project and ac vity costs (£73,247) as we did not recruit as quickly as we had an cipated following a restructure in the staff team. The balance sheet at 31st December 2012 places Resolu on’s free reserves at £1,345,769. To support members the Na onal Commi ee (NC) have designated £346,235 of funds to: consent orders (£37,320) and publica ons (£15,000), Influencing & engagement (£111,081), and DR development (£129,018). During 2013 the NC will be working with the execu ve staff team to develop and realise addi onal 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 ac vity over a two to three year period.
INCOME & EXPENDITURE ACCOUNT Income Income is made up as follows: • Subscrip ons – the increase in our subscrip on rates was, once again, in line with the RPI. The increase in our subscrip on revenue reflects this, together with increased affiliate and DR membership numbers. Membership subscrip on 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 le er law, 4 on black le er law and skills, 7 on Legal Aid, 6 skills & support, 1 na onal conference) 12 – Code in Prac ce courses. 104 – Regional seminars run by 29 regions A number of the regions con nue to use surplus funds to make dona ons to local contact centres, children’s chari es and law student prizes etc.
05 Solicitors Family Law Associa on T/A Resolu on First for family law
Resolu on1 Treasurer’s Report for the year ended 31 December 2012
• Media on & Collabora ve Law training - Demand for courses rela ng to media on informa on and assessment mee ngs con nued to be strong. Resolu on ran a total of 33 media on courses and 9 collabora ve 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. • Accredita on - This fee income relates to rounds 29 and 30, together with members renewing their accredita on status for the next 5 years. There were 145 applicants for round 29 and 180 for round 30. • Publica ons - Turnover from publica ons was £52.7k, with key items selling in 2012 including Resolu on’s Modern Family Guide; Precedents for Cohabita on Agreements; our Privacy & Disclosure Guide; and the Insolvency Guide. • Other - this relates to Job Shop entries on our website and adver sements in the Review • The Review – we have a reciprocal arrangement with our printers, under which the prin ng and distribu on 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 con nue to receive The Review free of charge. In order for the accounts to now fully reflect this, the no onal revenue of £50k is included in income, with a corresponding addi on to sta onery and prin ng costs (see below).
Expenditure • Secretariat & administra on - Office and associated running costs remained largely sta c. Administra on 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%, reflec ng sound cost control. 2011 also included excep onal costs arising from the conversion of our London offices. Following a comprehensive review of Resolu on’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 elec ons for Na onal Commi ee members and the associated ballot papers. • Commi ee travel and work - In order to support our ac ve member volunteer base, and ensure Resolu on con nues to be a member-led organisa on, costs of suppor ng our commi ees were £74.9k in 2012. There is a reduc on of £13.1k (15%) from 2011, which saw some higher than average costs, bringing 2012 back in line with previous years. • Sta onery & prin ng - This includes a no onal £50k prin ng cost for The Review, as part of an agreement with our printers (see above). Se ng 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. • Accredita on - These are marking costs for each of the rounds and administra on costs including those for the accredita on commi ee. • Publica ons - The costs of £58.7k includes £47.6k for the produc on and mailing of the 2012 Good Prac ce Guides, which con nue to be provided free of charge to all Resolu on members. • Taxa on - Corpora on Tax has been provided for this year due to the surplus made. Tax is payable on investment income, the surplus on trading ac vi es with non-members and chargeable gains on the sale of investments. • VAT - The par al exemp on rules, under which Resolu on operates, con nue to affect our ability to recover VAT. Membership subscrip ons are exempt from VAT. Hence Resolu on is unable to reclaim any VAT rela ng 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 Associa on T/A Resolu on First for family law
Resolu on1 Treasurer’s Report
Registered number: 05234230
for the year ended 31 December 2012
THE FUTURE Membership is the lifeblood of our organisa on, both for the promo on of the Code in Prac ce and in terms of our finances through subscrip ons and training income. 2012 saw a revised staff structure and a five year strategic and opera onal plan supported by a sound financial review and budget. The NC have commi ed just under 26% (£346,235) of free reserves to support members, and we will con nue 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 Jus ce Review, the Legal Aid, Sentencing and Punishment of Offenders Act, and the challenges from the introduc on of Alterna ve Business Structures will undoubtedly have an impact. Our limited reserves will enable Resolu on, as far as possible, to re-shape where needed and to support members with the new and different challenges through con nual support and the provision of prac cal products and services. 2013 and 2014 will be uncharted waters in terms of our membership income, and we will con nue to monitor our financial posi on closely to ensure con nued 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 con nue to invest in new and innova ve ways to enable Resolu on members to remain first for family law.
S Kirwan - Director
07 Solicitors Family Law Associa on T/A Resolu on 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 Associa on T/A Resolu on First for family law
Contents of the Financial Statements
Registered number: 05234230
for the year ended 31 December 2012
PAGE
Company Informa on
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 Associa on T/A Resolu on First for family law
Company Informa on
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 Associa on T/A Resolu on 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 ac vity of the company in the year under review was that of the promo on of a construc ve, non-confronta onal approach to family law ma ers.
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 opera ons. The company has various other financial instruments such as trade debtors and trade creditors, which arise directly from its opera ons. 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 fluctua ons so as to finance its opera ons 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 facili es The company has no undrawn commi ed borrowing facili es.
POLITICAL AND CHARITABLE CONTRIBUTIONS During the year the company made the following charitable dona ons:-
Family Holiday Associa on
2012 £ 7,000
2011 £ -
11 Solicitors Family Law Associa on T/A Resolu on 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 regula ons. 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 Accoun ng Prac ce (United Kingdom Accoun ng Standards and applicable law). Under company law the directors must not approve the financial statements unless they are sa sfied 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 accoun ng policies and then apply them consistently; make judgements and accoun ng es mates that are reasonable and prudent; prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will con nue in business.
The directors are responsible for keeping adequate accoun ng records that are sufficient to show and explain the company’s transac ons and disclose with reasonable accuracy at any me the financial posi on 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 preven on and detec on of fraud and other irregulari es.
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS So far as the directors are aware, there is no relevant audit informa on (as defined by Sec on 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 informa on and to establish that the company’s auditors are aware of that informa on.
AUDITORS The auditors, Wilkins Kennedy LLP, will be proposed for re-appointment at the forthcoming Annual General Mee ng. This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 rela ng to small companies.
ON BEHALF OF THE BOARD:
S Kirwan - Director
Date: 12th March 2013
12 Solicitors Family Law Associa on T/A Resolu on First for family law
Report of the Independent Auditors to the Members of Solicitors Family Law Associa on
Registered number: 05234230
We have audited the financial statements of Solicitors Family Law Associa on for the year ended 31 December 2012 on pages five to nine. The financial repor ng framework that has been applied in their prepara on is applicable law and the Financial Repor ng Standard for Smaller En es (effec ve April 2008) (United Kingdom Generally Accepted Accoun ng Prac ce applicable to Smaller En es). 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 ma ers we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permi ed 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. Respec ve responsibili es of directors and auditors As explained more fully in the Statement of Directors’ Responsibili es set out on page three, the directors are responsible for the prepara on of the financial statements and for being sa sfied 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 Interna onal Standards on Audi ng (UK and Ireland). Those standards require us to comply with the Audi ng Prac ces 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 accoun ng policies are appropriate to the company’s circumstances and have been consistently applied and adequately disclosed; the reasonableness of significant accoun ng es mates made by the directors; and the overall presenta on of the financial statements. In addi on, we read all the financial and non-financial informa on in the Report of the Directors to iden fy material inconsistencies with the audited financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implica ons 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 Accoun ng Prac ce applicable to Smaller En es; and - have been prepared in accordance with the requirements of the Companies Act 2006. Opinion on other ma er prescribed by the Companies Act 2006 In our opinion the informa on given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements. Ma ers on which we are required to report by excep on We have nothing to report in respect of the following ma ers where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accoun ng 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 accoun ng records and returns; or - certain disclosures of directors’ remunera on specified by law are not made; or - we have not received all the informa on and explana ons we require for our audit; or - the directors were not en tled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemp on 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 Associa on T/A Resolu on 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
Administra ve 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 ac vi es PROFIT FOR THE FINANCIAL YEAR
The notes form part of these financial statements
3
14 Solicitors Family Law Associa on T/A Resolu on 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 incorpora on 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 rela ng to small companies and with the Financial Repor ng Standard for Smaller En es (effec ve 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 Associa on T/A Resolu on First for family law
Notes to the Financial Statements
Registered number: 05234230
for the year ended 31 December 2012
1. ACCOUNTING POLICIES Accoun ng conven on The financial statements are prepared under the historical cost conven on and in accordance with applicable Accoun ng Standards. They incorporate the results of the principal ac vity which is described in the Directors’ Report and which is con nuing. In order to ensure that the financial statements and in par cular 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. Accoun ng 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 a ributable to con nuing opera ons. Expenditure is similarly charged when incurred. Part of the opera ng costs are directly a ributable to the seminars, publica ons and other ac vi es. Turnover Turnover represents net invoiced sales of services, excluding value added tax. Taxa on Provision is made for Corpora on Tax on interest income, the profit on trading ac vi es 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 revalua on is taken to Income and Expenditure account. Tangible Fixed Assets Deprecia on is provided at the following annual rates in order to write off each asset over its es mated useful life: Office equipment Computer equipment Fixtures and fi ngs
3 years straight line 3 years straight line 5 years straight line
2. OPERATING PROFIT The opera ng profit is stated a er charging:
2012 £ 16,958 7,950
2011 £ 11,950 2,025 7,600
-
-
2012 £
2011 £
Current tax: UK corpora on tax
1,000
973
Tax on profit on ordinary ac vi es
1,000
973
Deprecia on - owned assets Loss on disposal of fixed assets Auditors’ remunera on Directors’ remunera on and other benefits etc
3. TAXATION Analysis of the tax charge The tax charge on the profit on ordinary ac vi es for the year was as follows:
Con nued...
16 Solicitors Family Law Associa on T/A Resolu on First for family law
Notes to the Financial Statements con nued
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 fi ngs £
Computer equipment £
Totals £
COST At 1 January 2012 Addi ons 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).
Con nued...
17 Solicitors Family Law Associa on T/A Resolu on First for family law
Notes to the Financial Statements con nued
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 incorpora on 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 opera ng lease payments are commi ed 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 Associa on T/A Resolu on First for family law
Profit and Loss Account
Registered number: 05234230
for the year ended 31 December 2012
2012 £ Turnover Subscrip ons Seminars Media on and collabora ve law training Accredita on Publica ons 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 Administra on Secretariat Contractors Influencing & engagement campaigns Investment fees Annual General Mee ng Commi ee travel and work Parliamentary, public rela ons and campaigns Sta onery and prin ng Membership publica ons and no ces Investment trading profits Consultancy fees Legal and professional fees Auditors’ remunera on Dona ons Deprecia on of tangible fixed assets Profit/loss on sale of tangible fixed assets Seminars (incl mentoring) Media on and collabora ve law training Accredita on Publica ons
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 Associa on T/A Resolu on First for family law Registered number: 05234230
Resolu on, PO Box 302, Orpington, Kent BR6 8QX DX 154460 Pe s Wood 3 T: 08457 585671 I F: 01689 896 972 E: info@resolu on.org.uk I W: www.resolu on.org.uk Resolu on is the trading name of the Solicitors Family Law Associa on, which is a company limited by guarantee. Company number 05234230 |Published and produced by Resolu on - ďŹ rst for family law ŠResolu on 2013. All rights reserved.