PADDLE STEAMER PRESERVATION SOCIETY

Balance Sheet at 31 December 1997

           
  Note   1997   1996
      £   £
Fixed Assets          
Shares - PSKCTL 2   55   55
           
      55   55
Current Assets          
Short term deposits          
Bank     78,175   33,268
Building Societies     2,878   95,230
National Savings     170,442   -
Common Investment Funds     230,316   159,304
Cash at bank and in hand     6,170   8,391
Sales Stocks     794   1,345
Accrued interest     468   544
           
      489,243   298,082
Liabilities          
Amounts falling due within one year     5,050   3,808
           
           
Net Current Assets     484,193   294,274
           
Net Assets     484,248   294,329
           
Funds          
Unrestricted          
General     47,329   45,632
           
Restricted 3        
Restoration & Preservation     321,377   194,954
P.S. Waverley     114,619   53,268
P.S. Kingswear Castle     474   54
P.S. Ryde     449   421
      436,919   248,697
           
           
           
      484,248   294,329

In preparing these accounts the Society has taken advantage of the special exemptions applicable to small companies conferred by Section A of Part III of Schedule 8 to the Companies Act 1985. In the opinion of the Council of Management the Society is entitled to the benefit of those exemptions on the grounds that it complies with the qualifying conditions set out in the Act.

These financial statements were approved by the Council of Management on 28 February 1998 and signed on its behalf by Martin Longhurst.

Report of the Council of Management Statement of Financial Activities Balance Sheet Notes to the Accounts Auditor's Report

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