OSAmag87_library

T h e O l d S t a t i o n e r - N o 8 7
OSA Funds Summary
Year ended 31st December 2017 31.12.17 31.12.16
MEMORIAL FUND (EMBLETON)
£ £
Balance per Accounts 31.12.16 b/fwd 1,721 1,721
Accumulated Surplus on Memorial Fund 1,721 1,721
ACCUMULATED GENERAL FUND
Balance per Accounts 31.12.16 b/fwd 10,686 10,538
Surplus/-Deficit on ordinary activities 1,513 -205
-Deficit/Surplus on other activities -6 353
Transfer from contingencies 90
Accumulated Surplus on ordinary activities 12,283 10,686
CONTINGENCIES RESERVE (note 4)
Balance per accounts 31st December 2016 b/fwd 2,504 2,504
Transfer to General Fund, re Dinner and Lunches -90
Total Contingencies Reserve 2,414 2,504
TOTAL OSA FUNDS AT 31.12.2017 16,418 14,911
Note 4: The contingencies reserve has been created from past provisions for luncheon and annual dinner
costs no longer required. It is to be used to subsidise these events, this year £90, and in future years.
GENERAL FUND
Income & Expenditure Account Year ended 31st December 2017
31.12.17 31.12.16
ORDINARY ACTIVITIES £ £ £ £
Income
Subscriptions 7,452 7,267
Bank interest 1 6
7,453 7,273
Expenditure
Magazine costs (see note below) 3,255 6,871
Stationery, Postage & Web expenses 2,585 447
Carol service 100 160
5,940 7,478
Surplus/-Deficit on Ordinary Activities 1,513 -205
OTHER ACTIVITIES
Tie, scarves and blazer badge sales net-cost/income 31 20
Past President’s badge and tie at cost -22 -22
Baynes book net surplus 75 93
Net -Deficit/Surplus on dinner and lunch club -90 262
-Deficit?Surplus on other activities -6 353
SURPLUS INCOME OVER (EXPENDITURE) FOR YEAR 1,507 148
Note: It was agreed by your committee that as the twice yearly magazine is now being produced in February/March and
July/August that it was no longer appropriate to provide for the cost of the earlier issue in the accounts of the previous year.
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