Clubs & Societies
Accounts The main features of the accounts for the last three years are shown below: Year ending 31 December (£) 2013 Independently Examined 2014
2015 Draft
Independently Examined
Investment income
4,663 5,625 2,375
3,695 3,050 1,000 7,745
2,933 3,460 1,000 7,393
Loans repaid
Bequests and donations
Total income
12,663
Loans made
18,200
27,700
21,000
Grants made
5,000
5,000
5,000
Administration costs Total outgoings
99
–
–
23,299
32,700
26,000
Net income/(outgoings) Change in value of investments
(10,636)
(24,955)
(18,607)
14,296
6,082
5,219
Funds at start of year
118,013
121,673
102,799
Funds at end of year
121,673
102,799
89,410
Outstanding loans to beneficiaries (see text)
37,360
62,110
79,650
Outstanding loans are not included as an asset in a formal balance sheet, but are referred to in a note to the accounts. The Fund has not suffered any bad debts for many years. Of the year-end funds (which exclude loans advanced to beneficiaries) investments at market value accounted for £73,698 (2014: £83,480) and cash and deposits accounted for £15,712 (2014: £19,319).
Hollington Club & DCM Hollington Trust
Donations and Legacies Notwithstanding the Fund’s robust financial position, donations are very welcome. Donations can be made under Gift Aid, which enables the Fund to reclaim basic rate tax on sums received from UK tax payers, and provides a tax benefit to higher rate tax payers. Furthermore, by virtue of the Fund’s charitable status, legacies are free of Inheritance Tax. Gifts and legacies would be very gratefully received by the Hon Secretary, Nick Rundle, at 9 Draycott Place, London SW3 2SE. Applications Enquiries from OAs about possible assistance should be addressed to the Hon Secretary, Nick Rundle, at 9 Draycott Place, London SW3 2SE (rundnicky@yahoo. co.uk). Enquiries from pupils at the College should be addressed directly to him or through James Rosslyn- Smith and/or Peter Jolly.
Club Chairman: Chris Vernon (55-62) Trust Chairman: Jeremy Baker (53-60) Email: vernonrun @ aol.com / jeremyjohnbaker @ gmail.com Web: www.hollingtonyouthsentre.org.uk Report from the Club ‘The Hollington Youth Centre aims to build positive relationships in a safe environment; to encourage learning and development through activities and experiences.’ Hollington Youth Centre has been serving Camberwell for well over a hundred years. Chris Vernon OA (55- 62) remains Chair and Miss S J Elvin (nee Macintosh), known as SJ, remains the Club Leader and their report follows on the next page.
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