Finances
Treasurer ’ s Report 2016 by Roy Gardiner , Treasurer 2016
Membership remains fairly stable and efforts to maintain this level are being addressed . We contribute to the membership of the IFSCC and to P & C Review and encourage you to use these publications .
The Education Programme continues to be a large contributor to the generation of funds . The course is seen to be of value to the industry and we continually strive to improve this image . We had an exceptional number of enrolments for both Module 1 and Module 2 in 2016 . We are honoured to have an educational team who unselfishly give of their time and expertise .
The year was exciting for Coschem . Our concern was the uncertainty of membership renewal from the larger Corporates who are feeling the economic downturn , the continually changing exchange rate , a shrinking market , an unstable economy and our reservations about the economic outlook for the year . We set a very pessimistic budget for the year but all things turned out well and we are pleased to advise another surplus for the financial year for our Society . We are very grateful to those members and companies that continued to support us during these testing times . I must emphasise our gratitude and again thank them for their contributions . During the year we used funds to furnish the laboratory , purchase equipment and glassware and added books to our library .
The three major areas that generated the funds required to operate our office were the Membership subscriptions , Education Programme and our local Scientific Conference .
The Scientific Committee put in a huge amount of work to assist our industry by bringing international expertise to our conference . We also sponsored guest speakers to boost the science offered . The scientific committee will try to hold fees to improve attendance at future conferences Seminars held during the year on industry topics were well supported and very successful which also contributed to the surplus .
The Social Committee has also been very active and contributed positively with the Golf Day and Ladies Day . The key driver ( pardon the pun ) is networking within the industry .
We continued to use the services of FTR and a bookkeeper to ensure proper accounting practices . FTR is a mine of valuable information and it has been a privilege to work with them .
The surplus for the year will be used in future projects which will support the aims of the society by increasing its educational offering .
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