GENERAL TREASURER’S REPORT

I have pleasure in presenting my report and accounts of the Central Fund and Central Reserve Fund for the year ended 31st December 2005.

A decrease in income and an increase in expenditure have reduced the excess income for 2005 substantially compared with 2004. There has been a significant increase in the cost of the Guild newsletter, approved by your Executive, as we have moved from black and white to colour printing. Both the 2005 and 2006 payments to the Librarian and Report Editor fell in the 2005 accounts, hence the large increase over the previous 2004.

The Guild’s public liability insurance has remained at the same price as previous years and on renewal there has again been no increase. The cost of printing the Guild Report increased slightly in 2005. Our two major expenses have not, therefore increased significantly enabling us to spend our funds on furthering the objectives of the Guild.

Just prior to the year end I closed the Social Committee bank account as this had not been used for a year. The funds were received just after the year end. These funds will remain in the Central Fund but will be available for use by the Social Committee. It seemed pointless having funds sitting in a bank account earning no interest when they could be better utilised elsewhere. The amount involved was £238.96.

District subscriptions were received as follows:-

Total financial assets held by the Guild are as follows:-