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Click here to view 2009/2010 Club Review – Part 2 - Mardens Club

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BALANCE SHEET<br />

As at 31st May <strong>2010</strong><br />

<strong>2009</strong> <strong>2010</strong><br />

£ £ £ £<br />

Fixed Assets<br />

Fixed Assets 1,361 950<br />

Current Assets<br />

S<strong>to</strong>ck 4,862 5,152<br />

Deb<strong>to</strong>rs and Prepayments 0 1,821<br />

Cash at bank and in hand<br />

Lloyds Bank current a/c 5,461 5,585<br />

Lloyds Bank business call 3,049 3,050<br />

UBS Klosters 13,240 12,270<br />

Cash 30<br />

26,612 27,909<br />

Current Liabilities<br />

Payments outstanding -3,133 -3,301<br />

Current Assets Less Current Liabilities 23,479 24,608<br />

Net Assets 24,840 25,558<br />

Represented by<br />

Surplus brought forward 19,631 24,840<br />

Surplus of income over expenditure in year 5,209 718<br />

Surplus carried forward 24,840 25,558<br />

Notes<br />

1. All Swiss Franc (CHF) balances have been converted at an exchange rate of CHF 1.6757.<br />

2. Fixed assets represent s<strong>to</strong>p watches at valuation and race numbers and bibs which are being<br />

depreciated over 5 years on a straight line basis.<br />

J A Palmer-Tomkinson<br />

Hon Treasurer<br />

July <strong>2010</strong><br />

81

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