Second Year Of Surplus For Printers' Charity

A Printers Charitable Corporation product story

Edited by the Printingtalk editorial team Mar 10, 2005

The Printers' Charitable Corporation (PCC) achieved a small operating surplus for the second year running, the Charity's annual general meeting was told at its meeting in London this week.

The Printers' Charitable Corporation (PCC) achieved a small operating surplus for the second year running, the Charity's annual general meeting was told at its meeting in London this week.

The PCC, the leading charity for the printing and graphic arts industries in the UK, which operates a 40-bed nursing home and 72 modern sheltered apartments for the elderly, received a 2004 income of GBP1.97 million and incurred GBP1.82 million expenditure.

"We are delighted that we have once again been able to live within our means.

This good stewardship means that the PCC can look forward to a sustainable future and to continue the support it gives to our industry," said PCC Chairman, Alan Miller.

During 2004 the PCC invested in both internal and external improvements at its nursing home at Bletchley and its sheltered apartments at Bletchley and Basildon achieved a 91 per cent occupancy rate.

The Charity's main income streams were from investment income and chargeable fees whilst Butlin House, with its high standard of nursing care, represents its highest cost commitment.

The PCC's welfare funds made over 320 payments to claimants during the year, either as regular weekly support or as one off support.

The Charity's total administration costs remain at six per cent of income.

The PCC said it has been able to strengthen its links with the UK printing industry, raising both its profile and its level of fund raising activity.

On March 17 the Charity's Directorate staff will relocate from East Grinstead to new premises at Three Bridges in Sussex, a move which will provide a more convenient location and savings in cost.

The PCC is currently actively planning for its future through selected working parties of trustees and advisers to ascertain how it can best meet the needs of people in a changing UK printing industry.