I have pleasure in presenting my report and accounts of the Central Fund and Central Reserve Fund for the year ended 31st December 2008.
We have made a substantial saving on the public liability insurance and on the cost of printing the Guild report and hand book. Our other expenses have remained at a level similar to 2007.
As can be seen from the accounts we have nearly broken even on the sale of the Church Bells of the Channel Islands. I hope that during 2009 we will be able to transfer surpluses to the Guild’s Bell Restoration Fund. During 2008 the funds held on behalf of the Social Committee were transferred to an account in their name.
During the year surplus funds were transferred to the Reserve Account to earn interest. Whilst earlier on the year the rate was fairly good it is now minimal.
District subscriptions were received as follows:-
| 2008 | 2007 | |
| Alton & Petersfield | 604.45 | 572.60 |
| Andover | 384.65 | 409.50 |
| Basingstoke | 525.00 | 531.30 |
| Channel Islands | 171.50 | 165.75 |
| Christchurch & Southampton | 584.50 | 551.60 |
| Isle of Wight | 362.25 | 411.60 |
| Portsmouth | 626.85 | 616.70 |
| Winchester | 1,021.30 | 1,053.85 |
| £4,280.50 | £4,312.90 | |
Total financial assets held by the Guild are as follows:-
| 2008 | 2007 | |
| Central Fund | 442.10 | 850.18 |
| Central Reserve Fund | 6,985.23 | 4,504.37 |
| Districts | 14,417.91 | 12,861.35 |
| Sub-Committees | 912.90 | 602.46 |
| £23,166.22 | £18,818.36 | |