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march 2009 - Fitzwilliam College - University of Cambridge

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Income and Expenditure Account<br />

Year ended 31 July 2008<br />

Notes to the accounts:<br />

1. The Society funds the cost <strong>of</strong> printing and<br />

distributing the <strong>Fitzwilliam</strong> Journal to those<br />

past and current members <strong>of</strong> the <strong>College</strong><br />

who are members <strong>of</strong> the Society. Funding <strong>of</strong><br />

this cost is on a ‘pay as you go’ basis, with<br />

subscriptions shown in the accounts being<br />

those received in the period from current<br />

members.<br />

2. The Society’s assets are on loan interest free<br />

to <strong>Fitzwilliam</strong> <strong>College</strong>, to the benefit <strong>of</strong> the<br />

<strong>Fitzwilliam</strong> Society Trust fund at the <strong>College</strong>,<br />

income from which supports a range <strong>of</strong><br />

student and research activities. In the year to<br />

5th April 2008 grants from the Trust totalled<br />

£9,922 (2007, £8,533).<br />

Notes 2008 2007<br />

Income<br />

Subscriptions 1 15267 14747<br />

Donations received 1152 1181<br />

London dinner - surplus 3 228 375<br />

16647 16303<br />

Expenditure<br />

<strong>Fitzwilliam</strong> Journal -14853 -14157<br />

Administrative and other expenses 0 -4<br />

1794 2142<br />

Grant to JMA Billy Day event 0 -250<br />

Surplus for the year 1794 1892<br />

Balance Sheet<br />

At 31 July 2008<br />

Net assets<br />

Loan to <strong>Fitzwilliam</strong> <strong>College</strong> 2 31167 29373<br />

31167 29373<br />

Represented by:<br />

Accumulated fund at 1 August 2007 29373 27481<br />

Surplus for the year 1794 1892<br />

31167 29373<br />

3. The Society realised a surplus on its London<br />

Dinner event, in part because Graham Nutter<br />

generously gifted wine served that evening.<br />

Income for the event totalled £5,963.<br />

Honorary Auditors’ Report<br />

JEREMY PRESCOTT, HONORARY TREASURER<br />

AUGUST 2008<br />

We have examined the Income & Expenditure account<br />

for the year ended 31 July 2008 and the Balance<br />

Sheet at that date together with the records and<br />

vouchers <strong>of</strong> the Society, and confirm them to be in<br />

accordance with those records and vouchers.<br />

J O JENNER, M D POTTER<br />

81

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