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Accounts for the year ended 31st July 2013INCOME AND EXPENDITURE ACCOUNTIncome 2013 2012£ £Subscriptions 5,303 5,631Training 615 1,214Racing 718 806Christmas Tombola 650 631Sale of Stock 186 213Donations 20 -Bank Interest 77 -Total income 7,569 8,495Less expenditureSecretarial 1,979 2,678Administration 484 372Newsletter (161) 444Memberships 1,409 1,013Promotional 399 254Sponsorship 1,603 1,536AICC 148 -Bank Charges 79 40Sundry 146 139Total expenditure 6,086 6,476Income less expenditure 1,483 2,019Exchange Difference 92 (484)Surplus for year 1,575 1,535Junior Training Reserve (500) -<strong>Club</strong> Events Reserve (1,000) (1,000)Transferred to Members’ Reserve 75 535BALANCE SHEETCurrent assets 2013 2012£ £Debtors 20 605Cash and BankUK 14,872 13,188Austria 7,647 7,577Less LiabilitiesCreditors and Accruals (2,277) (2,200)Net current assets 20,262 19,170Represented byMembers ReserveBrought Forward 14,091 13,556From Income andExpenditure Account 75 53514,166 14,091Junior Training Reserve 4,096 4,079<strong>Club</strong> Events Reserve 2,000 1,000Total reserves 20,262 19,170Notes1 These Accounts are based on an exchange rateof £1 : €1.14 (2012 – £1 : €1.26).2 Junior Training Reserve: £Balance 1st August 2012 4,079Transferred from Incomeand Expenditure Account 500Less: Net Cost of Hoodies (483)Balance 31st July 2013 4,0963 All figures are in Sterling.Keith Howells ChairmanDavid Spencer Hon Treasurer11th September 2013NOTICE OF AVSC ANNUAL GENERAL MEETINGto be held on Thursday 26th December at 6.30pm in the Fichtensaal Böglerhof Hotel, <strong>Alpbach</strong>.AGENDA1 To approve the Minutes of the 28th December 2012 AGM2 To receive the Chairman’s Report3 To approve the accounts for the year ended 31st July 20134 To amend the age and subscription rates for Junior Membership5 To renew our support for BLESMA & CSDST <strong>Club</strong> SecretaryOctober 20133

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