I have pleasure in presenting my report and accounts of the Central Fund and Central Reserve Fund for the year ended 31st December 2012.
Our income has decreased on 2011 mainly due to the lower sales of badges. As can be seen income from Districts has increased and the table below shows how this is split.
Our major costs continue to be Guild Report and the insurances. In 2012 it was agreed that the Guild would subsidise the Guild Dinner hence the new line of expenditure.
We have nearly sold sufficient “Bells of the Channel Islands” to recoup the costs of printing. Our other expenses are holding their own and I am pleased that there is a small surplus for the year.
District subscriptions were received as follows:-
| 2012 | 2011 | |
| Alton & Petersfield | 663.60 | 597.45 |
| Andover | 371.70 | 395.50 |
| Basingstoke | 657.30 | 531.30 |
| Channel Islands | 161.25 | 147.50 |
| Christchurch & Southampton | 566.30 | 594.30 |
| Isle of Wight | 467.95 | 492.45 |
| Portsmouth | 560.00 | 607.25 |
| Winchester | 856.80 | 854.35 |
| £4,304.90 | £4,220.10 | |
Total financial assets held by the Guild are as follows:-
| 2012 | 2011 | |
| Central Fund | 1,688.23 | 2,128.79 |
| Central Reserve Fund | 5,301.60 | 5,298.91 |
| Districts | 22,792.66 | 20,041.37 |
| Sub-Committees | 1,006.12 | 468.48 |
| £30,788.61 | £26,246.46 | |
Michael Bubb