The Club commenced the year with a liability of an unknown amount in the shape of Standard Medals for 1946. A Reserve of £15 was set up to cover this liability and it is with pleasure I report that £5,15s.9d. has been added back to the cash account.
The past year has been a successful one financially, and a profit of £1,9s.1d. has been made. This profit would have been considerably more if the dance had been given the support the organisers deserved. The Trophy has been valued at £30 for insurance purposes; on the balance sheet it is shown at the estimated cost. The watch is shown at cost price but is of a much greater value.
I feel that efforts should be made to improve the funds of the Club, and suggestions should be passed to members of the committee.
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