February 2011 Newsletter:

Treasurer's Report

The treasurer's report will be short this year due to my appointment as treasurer only starting in September 2010 and the complexity of the handover. I would like to thank Alison for all her work as the previous treasurer and particularly her help with the transfer of knowledge.

This year has been a good one financially for the BSN and hence its members.

Our main source for revenue, the Journal of Neuroendocrinology had an extremely good year in 2009 and therefore after deduction of our advance payment, we received approximately £160k this year. This, together with our careful investment of our reserve monies in charity savings accounts has enabled the Society to consider new grant streams to help the BSN community, for example the new Student Project Support Grant outlined above. It will be interesting to see over the next few years whether this is a successful grant stream or not. In 2010 we have supported 3 symposia, and provided 10 International conference travel grants, 4 Research Visit Grants, 9 student vacation grants and 2 Travel grants (~Total cost of £27,500). Further contributions were given to the Journal of Neuroendocrinology in support of symposia in the name of the Journal. This is considered as important advertising to raise the profile of the journal and hence subscription income.

This year there was not a separate annual meeting of the BSN as it was incorporated into the ICN in Rouen. Therefore to support our members attending this meeting, all registration fees were paid for any member who wished to attend. At least 31 full members and 37 student members took advantage of this offer at a cost of ~£24,500 to the society. Further contributions to this meeting were given by supporting a symposium and the Mortyn Jones Memorial lecture.

Looking at the overall balance of the year, our total income (from the journal and subscriptions) was very slightly above that of the outgoings, hence the BSN committee have excelled themselves at redistributing all of the Society's income to the benefit of the members, while retaining the reserve for a rainy day. I would like to say that was all down to me, but alas it's just a fluke that I am holding the purse strings at this moment.

Megan Holmes, Edinburgh