Quote Originally Posted by Returnofrros View Post
Almost 2/3 of income spent on expenses if your memory is good.

Or put another way roughly £3.30 out of every £5
Unfortunately it's a requirement to have the accounts independently audited and it costs money.

However costs would not increase significantly if there was more cash going in. Therefore the per £5 rate would decrease with every additional new member would it not?

I also believe the change has been made from a full audit to a less costly type of review but don't quote me on that because my financial knowledge is rubbish.