TREASURER
TREASURER REPORT
I hope to serve to the best OF my ability
Jai Shree Krishna to all our members
I would like to express my gratitude to the Pratinidhis for placing their confidence in me and electing me as the Treasurer. I hope to serve you to the best of my ability. It would not be possible to carry out this task without the hard work that has been done to setup the system by Rajnikantbhai Mistry from Leicester. I am very fortunate to have the continued support from Rajnikantbhai and Bhupendrabhai from Wellingborough as my assistants this year. I hope that all the Officers, Pratinidhis and our accounts examiner Jay Mistry from London, will duly help me to fulfil this very important responsibility.
The remainder of the report is a brief outlook from the past year. We have had a mix of successful as well as not so successful events from a financial point of view, largely due to falling numbers in attendance at some events. Our Prajapati Sandesh also experienced a small loss this year, after a very long time, due to low number of adverts. However, we hope this is only a blip and it will continue to be self-financing and successful in the future.
As a charitable organisation SPA( UK) has made contributions to our chosen charity, as well as sponsoring individual student applications through grant applications made via the SPA( UK) ITF. I am very pleased to say that collectively with all branches, SPA( UK) has raised over £ 20,000 for its chosen charity‘ Water Aid’.
To continue to carry out our sports, social and cultural activities and charitable work in the future, SPA( UK) does need to top up its funds. We will therefore be holding fund raising activities for SPA( UK).
The Nairobi Trust Fund’ s income has also been used to fund charitable causes through ITF. The current value of the fund at the end of the financial period stood at £ 109,643, of which £ 12,054 is available for charity use.
The repayment of the loan given to London Branch has been consistent with the repayment terms and I am very pleased to say that it has now been fully repaid.
Jai Shree Krishna
Ranjanben M Mistry SPA( UK) Treasurer( 2014-2015)
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TREASURER
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