| 2007 | 2006 | |||
| £.p | £.p | |||
| Fund brought forward at 1st January 2007 | 212.41 | 375.47 | ||
| Excess (expenditure)/income | 156.67 | 556.94 | ||
| Net transfer (to)/from reserves | 650.00 | (720.00) | ||
| £1,019.08 | £212.41 | |||
| Represented by:- | ||||
| ASSETS | ||||
| Guild simulator | 1.00 | 1.00 | ||
| BSC lifting gear | 1.00 | 52.86 | ||
| Stock of badges | 92.74 | 103.34 | ||
| Peal fees due | 61.50 | 110.50 | ||
| Due from advertisers in Guild report | 45.00 | |||
| Prepaid insurance | 34.46 | 33.99 | ||
| Net balance on CI Book account Note | 831.28 | |||
| Bank balance | 850.18 | 555.63 | ||
| 1,872.16 | 902.32 | |||
| LIABILITIES | ||||
| Subs paid in advance | 745.50 | 409.50 | ||
| Social Committee Funds Note | 79.81 | 276.72 | ||
| Sundry creditors | 27.77 | 853.08 | 3.69 | 689.91 |
| £1,019.08 | £221.61 | |||
| Note: Social Committee Funds | ||||
| The balance on the Social Committee Funds is made up as follows: | ||||
| Balance brought forward 1st January 2007 | 276.72 | |||
| Transfer from bank account in name of Social Committee | 238.96 | |||
| Surplus on dinner | 53.09 | 82.76 | ||
| Less: Deposit for 2008 dinner | (250.00) | (45.00) | ||
| Balance 31st December 2007 | 79.81 | 276.72 | ||
| Note: Net balance on Channel Island book account | ||||
| Cost of books | 2,520.00 | |||
| Books sold to 31st December 2007 | (1,688.72) | |||
| 831.28 | ||||
Michael Bubb