I have pleasure in presenting my report and accounts of the Central Fund and Central Reserve Fund for the year ended 31st December 2014.
Our income has increased on 2013. As can be seen income from Districts has increased and the table below shows how this is split. In addition we received £100 from our bankers as compensation for an error they made in not carrying out a transfer on a timely basis.
Our major costs continue to be Guild Report and the insurances. I asked our insurers to review our Public Liability Insurance with other insurers however none of those approached would give the same cover as we have now.
Our other expenses show an increase. For the first time we had a claim from two of our Central Council representatives for costs of attending the Central Council meeting in 2014.
A small loss was incurred this year, less than 2013, which does not give cause for any concern at this stage.
District subscriptions were received as follows:-
| 2014 | 2013 | |
| Alton & Petersfield | 633.15 | 616.00 |
| Andover | 384.30 | 360.85 |
| Basingstoke | 618.10 | 604.10 |
| Channel Islands | 168.25 | 170.00 |
| Christchurch & Southampton | 648.20 | 643.65 |
| Isle of Wight | 430.50 | 450.45 |
| Portsmouth | 607.60 | 560.35 |
| Winchester | 912.80 | 860.30 |
| £4,402.90 | £4,265.70 | |
Total financial assets held by the Guild are as follows.
| 2014 | 2013 | |
| Central Fund | 1,521.19 | 2,130.21 |
| Central Reserve Fund | 5,807.04 | 5,304.25 |
| Districts | 15,413.51 | 14,343.51 |
| Sub-Committees | 1,224.84 | 1,173.99 |
| £23,350.76 | £22,951.96 | |
Michael Bubb