Annual Review and Full Accounts 2002 / 2003 "Once again this has been a year of significant change for the ACT with a new Chief Executive, a new President and a new governance structure coming fully into play for the first time.
It has also been a testing time financially. As Anthony Stern predicted in his President’s statement a year ago, this year’s deficit at £108k was larger than last year. This is not however altogether surprising. At the time of the introduction of the new governance arrangements we also took some significant decisions to invest in the ACT’s future. We decided to strengthen our executive team, one outward sign of which was the change from part time Director General to full time Chief Executive, and are actively working to develop our programme of qualifications as well as launching our new Training Programme. Such developments demand serious levels of investment but we believe that they are essential if we are to maintain a dynamic and vibrant organisation suited to the needs of today’s corporate treasurers.
We cannot predict the future, and indeed the world would be a much less interesting place if we could, but I can be sure that the speed of change will not ease and that there will be many new and different challenges to face in the years ahead. I also know that the ACT can look forward to meeting those challenges with confidence."
Extract from the President's statement, 2002/03.
To download the Annual Review and Financial Summary Statements click | here (pdf)
To download the full accounts click | here (pdf) |
