AGM 2017 Financial Statement

External inspection of our accounts has not yet been completed, so the financial statement presented at tonight’s meeting is in draft form.

The covenant received last year from Mrs Beryl MacKay is still in our account and your committee wish to provide quality speakers for members to enjoy at evening meetings in the future.

Expenditure of our unrestricted funds was again down this year. The major item was printing and stationery.

Subscription income was similar 2015/2016. Our current membership now stands at 494 households (678 members).

We were able to reclaim £940 from HMRC under the Gift Aid scheme from subscriptions received. There are still a number of members who pay their subscription by standing order and are paying at the old rate. May I ask them to instruct their bank to amend their current standing order.

We were asked to set up a separate account to hold the funds for the East Street Judicial Review. This has been ring fenced and shown as restricted funds in the draft statement.

I am also pleased to recommend again that the existing membership fees should remain unchanged.

John Cattell

Treasurer

DRAFT FINANCIAL STATEMENT

Profit and Loss Statement (Unrestricted Funds) 28th April 2017
2016-2017 2015-2016
Membership Subscriptions

5689

5447

Grants and Donations

0

10000

Members events

390

532

Sundry Income

50

50

Investment annual payment

648

846

Refund of income tax

940

763

Heritage Open Days

900

715

Income total

£8,617

£18,353

Grants donations and awards

0

250

Fees and subscriptions

10

0

Hire of Halls

815

617

Printing and stationery

1775

3136

Insurance

412

302

Stamps/Telephone

0

122

East Street Expenses (Farnham Building Trust)

100

3060

Website / Database costs

65

0

General Expenses

766

206

Heritage Open Days

996

1387

Expenses total

£4,938

£9,080

Surplus income over expenditure

3679

9273

Gain (loss) on investments

528

-508

Interest earned on Deposit account

2

2

Surplus on Social Account @ 31/03/2015

109

-99

Net surplus

£4,318

 

£8,688

Balance Sheet
Balance at bank

23783

20399

Debtors

0

0

Unsecured loan

0

0

Investment M & G Charibond (14084.04 units)

18249

17721

Creditors

0

0

Total

£42,032

 

£38,060

Judicial Review (Restricted Funds)
Donations received up to 31st March 2017

139116

Interest received

34

Payments made out in support of Judicial Review

98534

Balance held in separate Lloyds Business account  

£40,616

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