| 2003 | 2002 | |||
| £.p | £.p | |||
| Fund brought forward at 1st January 2003 | 529.90 | 868.91 | ||
| Excess income/(expenditure) | (91.89) | 260.99 | ||
| Net transfer from/(to) reserves | 100.00 | (600.00) | ||
| £538.01 | £529.90 | |||
| Represented by:- | ||||
| ASSETS | ||||
| Guild simulator | 1.00 | 1.00 | ||
| BSC lifting gear | 211.50 | |||
| Stock of badges | 134.80 | 164.48 | ||
| Peal fees due | 86.00 | 53.00 | ||
| Sundry debtors | 61.70 | 17.50 | ||
| Prepaid insurance | 23.29 | 23.29 | ||
| Bank balance | 1,470.89 | 855.14 | ||
| 1,989.18 | 1,114.41 | |||
| LIABILITIES | ||||
| Subs paid in advance | 1,145.90 | 417.55 | ||
| Sundry creditors | 305.27 | 1,451.17 | 166.96 | 584.51 |
| £538.01 | £529.90 | |||