AGM 2018 – Accounts

OXFORD & CAMBRIDGE SAILING SOCIETY
FINANCIAL STATEMENTS FOR YEAR ENDING 31 DECEMBER 2017
INCOME & EXPENDITURE ACCOUNT20172016
££
INCOMEMembership subscriptions448.70261.80
Clothing sales76.00
Income on investments and deposits697.27679.18
Gain on investments1,747.811,386.40
Profit on events194.24
2,969.782,521.62
EXPENDITURERYA subscription(125.00)(125.00)
Wine storage and insurance(89.56)(97.20)
Investment impairment and charges0.00
Sponsorship of Wilson Trophy Team(150.00)(300.00)
Loss on events(190.53)0.00
Purchase of port(1,434.00)
(1,989.09)(522.20)
Net surplus for year980.691,999.42
BALANCE SHEETNote20172016
££
RESERVESBalance brought forward 1st January28,122.5526,123.13
Net surplus for the year980.691,999.42
Balance at 31st December29,103.2428,122.55
REPRESENTED BYCash at bank2,441.413,844.09
Investments21,278.4319,530.62
23,719.8423,374.71
Wines5,383.404,480.09
Debtors
Creditors267.75
Net Assets at 31st December29,103.2428,122.55

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