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T h e O l d S t a t i o n e r - N o 9 1OLD STATIONERS’ ASSOCIATIONANNUAL GENERAL MEETINGand humour and pushing forward the envelope to include new and exciting features. Thank you, Tim for your hard workin providing an important journal in helping to recall distant memories and keeping us connected with other memberswith a common interest.Due to falling attendances and rising costs, your Committee has had to take the difficult decision to discontinue the annualCarol Service. Sad as this is, and with our very best efforts, this event has now become unsustainable. I would particularlylike to thank Peter Sandell for his efforts over the years in putting together this event.Significant progress has been made in the sorting of our archive in preparation for its future long-term storage, managementand accessibility. And our digital library of school magazines has now been successfully restored onto the website.Sadly, Mike Hasler has decided not to stand for re-election, for health reasons. We owe Mike an enormous debt ofgratitude for his long-standing commitment to the OSA and his invaluable contribution as Honorary Treasurer. I am sureyou will all join me in thanking Mike and wishing him a speedy recovery. David Sheath has also decided to step downfrom the Committee and we thank David for his sterling service over many years.I would like to express my gratitude to our Committee who have been enormously supportive during my year and for theirhard work and energy in serving the needs of our members. Without their time, effort and dedication there would be noOSA.As we embrace this, the 125th anniversary of the founding of our Association, our membership continues to be in a strongposition. I can assure you that your Committee will strive over the coming months to continue to maintain the sustainabilityof the Association and its finances through a responsible management strategy. I would also like to extend my thanks toour auditors, Chris Langford and David Cox, for their support, advice and service.In closing, I would just like to say thank you to our members, for your trust and support over the past 12 months, it hasbeen an honour to represent the Old Stationers’ Association as your President. I am proud to have had the opportunity tolead the Association and look forward to its continued success. These are extreme and challenging times that we are allfacing, but this will pass, and we will bounce back. In the coming months, as circumstances allow, your Committee willendeavour to return to a programme of our usual events that so many of you enjoy and cherish. In the meantime, pleasekeep safe and we look forward to being amongst you all again, soon.Peter Thomas President 2019/20Honorary Treasurer’s ReportFor the year ENDED 31st December 2019The income and expenditure account for the year 2019 shows a surplus of £781 last year, compared with a surplus of £1,828in 2018.The audited accounts for the year ended 31st December 2019 are to be presented at the AGM for approval and arereproduced in the following pages.Ordinary activities of the Association show a surplus of £983, last year £1,982. The magazines are a similar cost and othercosts are much the same in total. Other activities produced a deficit of £202 (last year a deficit of £154).The Christmas lunch was very well attended by over 100 people. The two lunch clubs held at the Royal National Hotelduring the year and the annual dinner resulted in a deficit of £326 and an equivalent amount has been transferred fromthe contingency reserve to cover this deficit.The balance sheet is still in a strong position with a healthy surplus and cash balances increasing to £20,281 from £19,982last year.I would like to thank the membership secretary, Roger Engledow, for all the work he does in collecting and chasing thesubscriptions.I am now retiring as Treasurer and would like to thank the committee members for all their support over the year and fortheir conservative demands on the funds and I am sure that the OSA will be in good hands in the future.Finally I wish to thank the auditors David Cox and Chris Langford for their work and advice.Michael Hasler Treasurer44
T h e O l d S t a t i o n e r - N o 9 1OLD STATIONERS’ ASSOCIATIONAs at 31st December 2019ASSETSBalance Sheet31.12.19 31.12.18£ £ £ £Cash at bank on current account 7,290 7,017Cash on deposit account 12.991 12.965Total cash at bank 20,281 19,982Stock of ties & badges (note 2) 1,361 776Stock of books and programmes (note 3) 468 563The Carpenter Painting 1,077 1,077Display Cabinet 200 200Debtors 500 895Less CreditorsChristmas Lunch -4,402 -4,978Other -478 -4,380 -289 -4,372TOTAL ASSETS 19,007 18,226FINANCED BY:Memorial Fund (Embleton) 1,701 1,701Accumulated General Fund 15,403 14,296Contingencies Reserve (note 4) 1,903 2,22919,007 18,226NOTES1 The OSA also has in its possession a number of items of regalia and cups.It is not proposed to show these on the face of the accounts, but the value for insurancepurposes is £2,950.2 Stock of ties and badgesStock 31.12.18 776 930Purchases 6471,423 930Less sales at cost -16 -107Less presented to The President -28 -32Less presented to The Master -18 -15Stock 31.12.18 1,361 7763 Stock of books and programmesStock at 31.12.18 563 230Purchases 525563 755Less cost of sales -95 76Less stock written off 116Stock at 31.12.19 468 563M F Hasler TreasurerAuditors ReportIn our opinion the above Balance sheet and related Statements of Income and Expenditure, Accumulated Fundand Memorial Fund present a true and fair view of the state of affairs of the Old Stationers’ Association as at31 st December 2019 and of the surplus of income over expenditure for the year.C Langford, D Cox45
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