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Agenda Item No 5
Statement of Financial Activities
Surplus of £7k reduced from a surplus of £8k in 2016/17. This is due to a continued increase in investment income (£8k) and reduced rental income (-£4k) when compared with 2016/17. The grants allocation was increased from £45k in 2016/17 to £51k in 2017/18 to reflect the increased income (£6k).
Balance Sheet
An increase in the value of Long Term Investments of £12k due to the transfer of the short term investment (£8k) and an increase in valuation (£4k).
The value of the fund at year end was £4.960M, an increase of £11k on the previous year. This is attributable to the gain on the revaluation of stock market investments (£4k). There was also an increase in the unrestricted funds held of £7k during 2016/17
Subject to its approval by this committee, the document as above will be forwarded to the Council's external auditors, Wales Audit Office, for independent examination.
Letters of application and grant application forms
Gemma Jones
Principal Accountant
None
Rob Thomas
Managing Director.