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Financial Statement for the Year to the thirty first of July 1974

Subscriptions

Belfry

 

Club Ties & Car Badges

Telephone

 

Tackle

 

C.C.C. Permits etc.

Donation

 

Receipts

Less Expenditure

Sales

Contributions

Less Charges

Fees

Less Expenditure

 

 

 

£ 535.67

£ 245.15

 

£   58.74

£   54.21

£     7.67

£     1.44

 

 

£ 380.15

 

£ 290.52

£     5.00

 

£    4.35

 

£    6.23

£  10.53

£    9.75

 

 

 

£ 706.31

 

Postages And Stationery

Publications

 

Stationery & Printing

B.B. Postage

 

Less sales

 

£  311.71

£    62.94

£  374.65

£  134.92

£  15.83

Annual Dinner

Receipts

Less cost

£  218.75

£  232.54

 

£   13.79

Library

 

 

£   14.06

Car Badges

 

Purchases

Less Sales

£   14.48

£   11.00

 

£   14.06

Carbide and Spares

Purchases

Less Sales

£   43.25

£     7.14

 

£   36.11

Public Liability Insurance.

Income Tax

Cambrian C.C.

Council Northern C.C.

Council Southern C. C.

British Cave Research Assoc

A.G.M. refreshments

Ian Dear memorial Fund grants

 

 

 

 

 

 

 

 

£   47.30

£     7.50

£     3.00

£     2.00

£     0.50

£     3.00

£    11.00

£    90.00

 

Surplus For The Year

 

 

£  483.82

£  222.89

 

 

 

£  706.71

 

General Accumulated

Add Surplus For The Year

FUNDS @  31.7.73

 

 

£ 485.25

£ 222.89

General Accumulated

I.D.M.F. to Building Society

 

Interest on April 1st 1974

FUNDS @  31.7.74

 

 

 

£ 708.14

 

£ 348.04

£     8.12

 

 

 

£ 356.16

 

Lloyds Bank Ltd Current Account

Cash in hand

 

 

 

£ 578.37

£ 129.77

TOTAL CUB MONIES @ 31.7.72

 

 

£ 708.14

Club Officer’s Report – 1974 Notes to Financial Statement
(Hon. Treasurer’s Report.)

1.         Firstly, I must state that the accounts are made up and detailed as in previous years.  My intention was to gain experience in operating the club accounts before I carried out the Hon. Auditor's suggestion of giving a more detailed statement.

2.         Late this year, the Ian Dear Memorial Fund Committee approved three applications for grants to members travelling abroad.  As the I.D.M. Fund is held in a building society in London, and the grants were required at short notice, it was necessary to draw them on general club funds.  The grants therefore, are shown in the statement as a debit, although next years account will show this money as a repayment to the club's general monies, from the I.D.M. Fund.

3.         During the current year we were strongly advised by our insurance brokers that our public liability insurance cover of £50,000 was inadequate.  On this advice, our cover was increased to £100,000.  This is, of course, resulting in a higher premium for year.  There is a possibility that the cover may to be increased again during the coming year.

4.         This year's carbide and lamp spares etc. account is shown as making a loss.  This was due to late purchase of lamp spares totalling £23.25 the sales from which will be credited in next years' account.

5.         The Belfry Insurance cover of £5,000 has been increased to a more realistic figure of £12,000.

6.         The apparent deficit in the publication stationery & printing account of £311.71 is not as bad as it seems because a large outstanding bill of £171.14 from the previous year was paid during the current year, making this years account more realistic.

Barrie Wilton, Hon. Treasurer.