I have pleasure in presenting my report and accounts to of the Central Fund and Central Fund Reserve Account for the year ended 31st December 1999.
The increased membership is reflected in the increase in subscriptions received into the Central Fund. The full effect of the increased subscriptions agreed at at 1998 AGM will be seen next year. We again received full reimbursement of travel expenses from the Diocese of Winchester for the Guild Master and Secretary visiting Alderney for the Channel Islands District’s ADM.
The Guild’s running expenses are very much in line with 1998. We changed printers for the Guild report and made a small saving. The insurances have remained at the 1998 level but for 2000 they will show a significant increase as we are undertaking a revaluation of assets insured.
The simulator was been upgraded during 1999 and this will extend its useful life.
District subscriptions were received as follows:-
| 1999 | 1998 | |
| Alton & Petersfield | 402.50 | 331.45 |
| Andover | 280.70 | 219.45 |
| Basingstoke | 325.15 | 309.05 |
| Channel Islands | 166.00 | 113.00 |
| Christchurch & Southampton | 316.40 | 314.30 |
| Isle of Wight | 293.05 | 185.85 |
| Portsmouth | 272.30 | 250.60 |
| Winchester | 480.90 | 437.50 |
| £2,537.00 | £2,161.20 | |
Total financial assets held by the Guild are as follows:-
| 1999 | 1998 | |
| Central Fund | 955.55 | 850.80 |
| Central Reserve Fund | 1,036.40 | 1,025.81 |
| Districts | 6,728.85 | 6,611.96* |
| Sub-Committees | 1,074.92 | 1,464.84 |
| £9,795.72 | £9,953.41 | |
* This has changed from the figure reported in 1998 due to the change in reporting of year end creditors for three of the Districts