Income and Expenditure Account

For the year ended 30th November 1997

1997

1997

1996

1996

Income

£

£

£

£

Entry fees

4,470

5,223

Subscriptions

1,715

1,664

Deposit interest

8

8

6,193

6,895

Expenditure

Newsletter and Clayesmorian

3,690

1,630

Post and stationery

2,485

3,401

Social Events

-------

740

Sundry expenses

144

282

Accountancy fees

411

450

Tax provision-Current year

2

2

AROPS subscriptio/Data protection

85

10

Donations

--------

1,300

Loss on Annual Dinner

751

78

Computer depreciation

445

445

-8,013

-8,338

Deficit for the year

-1,820

-1,443

Balance Sheet as at 30th Nov 1997

Surplus Account

Brought forward

10,782

12,225

(Deficit) for the year on Income

and Expenditure Account

-1,820

-1,443

8,962

10,782

Represented By:

Fixed Assets

Computer

1,784

Less: Depreciation

-1,285

499

Current Assets

Stock of ties

14

14

Sundry debtors

4,470

---

Cash at bank

Current account

8,518

9,861

Deposit account

3,400

3,392

Current Liabilities

Sundry creditors

7,826

3,318

Tax reserve

113

111

-7,939

-3,429

8,962

10,782

George G.D. Staines

Hon. Treasurer

31.1.98

Date

Accountants' Report

We have prepared the accounts  from the books, documents and information supplied, without carrying out an audit, and we report that they are in accordance therewith.

Chartered Accountants

Devonshire House

60 Goswell Road

London EC1M 7AD