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VGC News/Newsletters - Lakes Gliding Club

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VINTAGE GLIDlER CLUB ACCOUNTS 1996<br />

Vintage Glider <strong>Club</strong><br />

Balance Sheet as at 31 December 1996<br />

Fixed assets<br />

Cost<br />

Accumulated depreciation<br />

Net Book Value<br />

£<br />

1996<br />

£<br />

1995<br />

£<br />

5,478 5,478<br />

4,491 4,005<br />

987 1,473<br />

Vintage Glider <strong>Club</strong><br />

Income and Expenditure Account for the year ended<br />

31 December 1996<br />

1996 1995<br />

£ £ £<br />

Income<br />

Sales 1,807 2,414<br />

Less: Cost of goods sold 1,059 1,298<br />

Gross profit on sales 748 1,116<br />

Current Assets<br />

Stock 2,641<br />

TSB Savings Account 0<br />

TSB Cl!lrrent Account 0<br />

Nat West Savings Account 8,303<br />

Nat West Current Account 2,213<br />

Abbey National BS (Sales Account) 664<br />

Cash in Hand 3<br />

13,824<br />

2,574<br />

11.089<br />

3,375<br />

0<br />

0<br />

576<br />

2<br />

17,616<br />

Subscription Income 9,224 8,561<br />

Technical Articles 224 453<br />

Donations 623 575<br />

Interest received 776 368<br />

Surplus(Deficit) from Annual Dinner 16 (124)<br />

Surplus from Lasham Rally 0 2,330<br />

Expenditure<br />

11,611 13,279<br />

Current Liabilities<br />

Sundry creditors<br />

Net Current Assets<br />

Represented by:<br />

Reserves brought forward<br />

(Deficit)Surplus for Year<br />

914<br />

651<br />

12,910 16,965<br />

13,897 18,438<br />

18,438 12,420<br />

(4,541) 6,018<br />

Magazine production 10,177 4,846<br />

Stationery & Postage 1,080 698<br />

Depreciation 486 384<br />

Insurance 395 282<br />

Engraving & Prizes 229 399<br />

Microfilming 3,646 0<br />

Miscellaneous expenses 139 652<br />

16,152 7,261<br />

(Deficit)/Surplus for the Year (4,541) 6,018<br />

Reserves carried forward 13,897 18,438<br />

I have examined the records of the Vintage Glider <strong>Club</strong>. In my<br />

opinion the Balance Sheet set out above and the attached<br />

Income and Expenditure Account give a true and fair view of<br />

the state of affairs of the Vintage Glider <strong>Club</strong> as at 31 December<br />

1996, and of its deficit for the year then ended.<br />

Original signed by M.G.Stringer B.Sc. A.CA.<br />

FROM THE MEMBERSHIP SECRETARY<br />

Tills is how your membership number and the year to<br />

which membership has been paid appear 011 the <strong>VGC</strong><br />

<strong>News</strong> address sheet. If the address sheet is yeUow then<br />

your subscription is overdue.<br />

If the address is incorrect, please send your current name<br />

and address to the Membership Secretary, Ian Dunkley<br />

Membership No.<br />

Name &<br />

Address<br />

Post Code<br />

0288 99 ~ Year to which<br />

membership has<br />

Colin Ansol1 been paid<br />

22 Elm Avenue -<br />

Watford<br />

Herts<br />

WD I 4B~ Country<br />

UK ...----<br />

FROM THE EDITOR<br />

When I was at the Rendez-vous and the Main Rally this year I<br />

took the opportunity to speak to as many members as possible<br />

to get their views on the <strong>VGC</strong> <strong>News</strong> and to try to find out how<br />

they see the future for this publication. Some wanted more<br />

issues per year while being doubtful of their ability to write<br />

more articles or reports and some were hoping for more issues<br />

like the last one with 48 pages. Others suggested that the<br />

appearance of the pages should be changed with bigger headings<br />

and a less rigid sticking to the two column format; in<br />

other words, to be more adventurous in the format. Another<br />

request was that Works Numbers should be given whenever a<br />

specific glider is mentioned so that, in time, its entire history<br />

can be plotted.<br />

For my part, I suggested that occasionally, more use could<br />

be made of languages other than English to reflect the international<br />

character of the VGc. Tllis is two-edged, of course, as<br />

3

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