Each seated Worldcon is required to submit a financial report to the WSFS Business Meeting each year. This is the Financial Summary for Interaction for the period from 1st August 2003 to 31st July 2004; this summary was submitted to the 2004 Worldcon, Noreascon 4.

   GBP
 Balance at 1st Aug. 2003 (1)
 		 89,920.67
 
INCOME    
  Memberships 57,725.23
  Grants: Subvention (2) 44,250.00
  Grants: Pass Along Funds & Other (3) 16,559.26
  Bank Interest 1,781.84
  Merchandise 542.34
  Miscellaneous 7.68
  TOTAL Income 120,866.35
EXPENSE    
Publications:Progress Report 1 -4,865.47
  Newsletter 2 -2,539.35
  Publications Software -702.20
  Fasthost web server -281.88
  Envelopes -238.37
  Progress Report 2 -196.61
  Bulk Mail Fee -82.32
     
Promotions:Flyers and Posters -1,803.88
  Adverts -1,444.98
  Concourse (Eastercon) promotions -1,208.29
  Torcon 3 promotions -926.27
  Staff weekends / Open Meetings -671.35
  Merchandise / Badges -353.51
  Agents costs -214.45
     
Services:Auditor / Legal -3,857.26
  Currency gain/loss -2,305.78
  Credit Card Fees -2,282.02
  US Office costs -959.27
  Net VAT (UK sales tax) gain/loss -774.71
  Miscellaneous -610.81
  US Office costs -214.38
  Finance: Bank Fees -72.50
     
Site:Hire of SECC (first 10%) -18,917.50
     
  TOTAL Expense -45,523.16
     
TOTAL Balance   165,263.86

DISPOSITION OF BALANCE GBP
Bank Accounts 163,856.32
Cash 375.35
Credit Cards Pending 850.00
Debtors 182.19
TOTAL 165,263.86

Report By:
David Cooper (Finance Manager)
Vincent Docherty (Co-Chair & Company Treasurer)
chair@interaction.worldcon.org.uk

Notes

(1) As reported to WSFS in 2003.
(2) Subvention is a grant provided by Glasgow City Council to support large events.
(3) Also includes other special purpose grants. eg. SFSFC Hugo Rocket grant.