I have pleasure in presenting my report and accounts of the Central Fund for the year ended 31st December 2017.
This year has seen an increase in income, resulting largely from the decision in 2015 to reduce the amount per subscription payable to the Bell Restoration Fund from £4 to £2, and allocating more to the Central Fund.
Income from the districts is shown in the table below:
|Alton & Petersfield||695.45||547.75|
|Christchurch & Southampton||861.35||592.55|
|Isle of Wight||584.00||395.85|
Generally, income from other sources fell slightly. There were no unexpected expenses during the year. As a result, total Central Fund balances increased by £1,564. These balances are considered to be sufficient for foreseeable needs.
Total financial assets held by the Guild at the year-end were as follows:
|Training and Development Fund||898.62||692.32|
|Central Reserve Fund||5,013.76||5,012.07|
1st March 2018