I can report
that the Society's finances for the year ended 31st December 2010, for which I will
be submitting the accounts for your approval at the AGM, are in a very healthy condition.
in the income stream from subscriptions to visitors has continued in 2010, with
a slight twist. The income from visitors rose from £569 to £841 but we also signed
up more members so subscriptions increased from £6,186 to £6,636 for a total gain
of £722 on the year. There were no other significant changes to the income stream.
Wine sales continued at the same level as the previous year, whilst the interest
from the money held in the charity account dropped yet again and the retained money
from trips was more or less the same. Overall the income was up by just under £640
and again well in excess of £7,000.
we purchased a major item of new equipment during the year, a new easier to erect
screen at a cost of £1,239.63. This ensures that the society continues to be at
the leading edge in its technical presentation facilities. The rest of the general
running expenses are down on 2009 as is also the cost of hiring the Town Hall and
paying for lecturers. This latter reduction was as a consequence of the two cancelled
lectures during the course of 2010 – January and December – due to the bad weather.
The item – Consumables – which is used to cover items such as cables, ancillary
electrical and electronic equipment etc. that cannot be considered as capital items
continues to be a significant item. The other item that has gone up significantly
is – Disbursements – which covers the cost of the auditor and this year the cost
of having an architect draw up proposals for fixing an electrically controlled permanently
positioned screen in the Town Hall. This project never came to fruition as it was
replaced by the new screen purchased. The income over expenditure for the year,
was up from £470.65 to £2,017.68 and the society is still in a strong position with
Members Funds increasing from £11,150 £13,170.
to be true that the maximum number of people that can be seated in the Wells Town
Hall is 240 so as we generally don’t have more than 150 present for any lecture
(62.5% of capacity) then effectively there is no limit on membership as we could
go up to 380 members before filling the hall. The only time we have had over 200
people in the Town Hall was the Timothy Mowl lecture on Somerset gardens when 60
plus members from various gardening clubs asked to be able to attend, on top of
our own members.
level for 2010 was up on 2009 at 220 but still well below the potential level of
the hall. Therefore it is again clear that there are no restrictions on people applying
for membership as we can easily accommodate new members. So please promote the Wells
Evening Society to your friends and acquaintances as we need to keep the membership
level well above 200 in order to ensure a satisfactory income stream for the future
of the society.
For the sixth
year running the subscription will remain at £30 for a programme of eight lectures,
running from October 2011 to the end of April 2012. There are generally two lectures
in April. Renewal letters will be handed out at the lecture on the 7th
April and it would be appreciated if those members keen to renew would do so at
the second April lecture; on the 21st as that will save everyone postage
since I can hand over the membership cards in person.
Due to the
problems we have had with Standing Orders I have cancelled this payment facility
so if you haven’t done so already please cancel your Standing Order to the Wells
Evening Society. Payment is now by cheque or cash only.