I have pleasure in presenting my report and accounts of the Central Fund and Central Reserve Fund for the year ended 31st December 2015. This will be my last report as it is time for me to “hang up my calculator”. I have commitments locally which will take up a lot of my time but also two new grandchildren on the way. One of which will be living in Wales. I hope my successor enjoys their time as Treasurer.
Our income has decreased slightly on 2014. As can be seen income from Districts has decreased and the table below shows how this is split.
Our major costs continue to be Guild Report and the insurances. I asked our insurers again to review our Public Liability Insurance with other insurers however none of those approached would give the same cover as we have now.
Overall we have managed to reduce our other expenses so we have turned a small loss into a small surplus.
District subscriptions were received as follows:-
|Alton & Petersfield||585.55||633.15|
|Christchurch & Southampton||641.55||648.20|
|Isle of Wight||377.30||430.50|
Total financial assets held by the Guild are as follows.
|Central Reserve Fund||5,009.55||5,807.04|