I have pleasure in presenting my report and accounts of the Central Fund and Central Reserve Fund for the year ended 31st December 2007.
Our income for 2007 has remained similar to 2006. There was no recovery of travel expenses from the Diocese of Winchester this year as the Guild Master is resident in the Channel Islands!
Our expenses have increased by just under £360. The BSC expenses include their 2006 allocated amount and an extra amount for travel to the Isle of Wight to carry out bell stock surveys. The cost of the Guild Report is ever increasing. This increase was out of our control as the cost of paper increased significantly between 2006 and 2007.
Funds were transferred from the reserve account to cover the printing of The Church Bells of the Channel Islands. The balance on the account is shown as a note to the accounts.
As reported last year our insurance brokers have been investigating the market with a view to obtaining Public Liability Insurance which included cover for maintenance. I am pleased to report that with effect from 1st January 2008 this cover was reinstated and, the better news, the premium has dropped significantly.
District subscriptions were received as follows:-
| 2007 | 2006 | |
| Alton & Petersfield | 572.60 | 616.00 |
| Andover | 409.50 | 444.85 |
| Basingstoke | 531.30 | 506.10 |
| Channel Islands | 165.75 | 178.00 |
| Christchurch & Southampton | 551.60 | 611.10 |
| Isle of Wight | 411.60 | 384.30 |
| Portsmouth | 616.70 | 607.25 |
| Winchester | 1,053.85 | 972.65 |
| £4,312.90 | £4,320.25 | |
Total financial assets held by the Guild are as follows:-
| 2007 | 2006 | |
| Central Fund | 850.18 | 555.63 |
| Central Reserve Fund | 4,504.37 | 5,023.69 |
| Districts | 12,861.35 | 11,789.46 |
| Sub-Committees | 602.46 | 589.01 |
| £18,818.36 | £17,957.79 | |