Grand Treasurer’s report 2019

Unlike last year’s report, which reflected the losses over the previous two years, there has been no significant costs arising from the website and newsletter or other commitments.

I am therefore pleased to report that the Order is in a sound financial position as at the end of the Financial Year 2018, and that the accounts show an improvement of £412 over the opening balance. As the accounts reflect a more stable position I would recommend that the surplus

accrued should be passed to the Conclaves for redistribution to charitable causes.

Nevertheless, there is still need for caution. We should bear in mind the recommendations that I made at last year’s AGM, that oblations should be regularly reviewed to ensure that they reflect increasing costs and commitments of the Order.

Brian D Everett, Grand Treasurer

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