Treasurer's Report
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In normal circumstances I would submit the accounts at the AGM but instead this year I will give a brief summary of them. The actual accounts will be circulated, of course, at our next AGM, but if anyone wishes to see them before then please contact me.
I thought that the accounts would be simple this year with so many events cancelled in 2020 but they still managed to throw up a few odd entries. When I started to get replies to my emailed Events programme, Covid was beginning to show its presence. Consequently, although I had already paid a deposit for our second lunch for the year at the Colne Bistro, I kept the cheques members had sent rather than paying them in. Therefore, I was able to shred all these cheques, with the owner’s permission, when I contacted them with the cancellation news. So the only entry for income for this event is when the deposit was refunded.
There have been expenses incurred with relation to mailing the newsletter – printing, stationery and postal costs. One of the cheques I paid in for an event in 2019 must have been for £8 instead of £8.50 (whoops) and I was surprised to see that Barclays Bank charged 3p interest on our current account (this has never happened before). Your Committee decided to make a donation to Colchester Night Owls in memory of Marsyl.
I have transferred £470.20 in total from our Deposit Account this year to pay for the annual insurance and also to keep this account solvent. Unfortunately the 2019 Colne Bistro lunch lost money, in view of the fact their original quote was not honoured, and we also lost money on the Grey Friars Coffee Morning.
As of 1st July 2020 our Current Account stood at £120.13 and our Deposit Account at £3,424.52.
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Jean Johnson - Treasurer
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