A breakdown of the accounts is as follows: 1990/91 1991/2 INCOME Standing Orders 1418.00 1548.00 Annual Contributions 130.00 0.00 Other contributions 647.63 1271.40 Business Account Interest 125.23 38.73 France (parents' contribs) 3825.00 3600.00 Other Expeditions 350.00 Clothing 2771.75 2452.41 Coffee Mugs 10.00 0.00 Bluefriars Head Race 1017.00 797.00 Aqueduct Prints 430.00 174.00 Photos 759.65 332.45 Leander Dinner 625.00 1042.00 Sales of History 23.50 EXPENDITURE France 4548.05 4300.00 Other expeditions 1876.14 2354.31 Clothing 2692.79 2966.00 Bluefriars Head Race 163.40 191.50 Aqueduct Prints 370.34 33.81 Printing Newsletter 281.60 313.81 Equipment 872.30 236.67 Photos 829.26 128.30 Leander Dinner 653.10 1025.80 Miscellaneous 79.80 - Bank Charges 81.03 122.69 Balances 1st September Current 652.45 -549.00 Business Deposit 985.22

The Bluefriars accounts are in a less happy state than at this time last year, because more funds have been used to support rowing training and regattas undertaken both in the holidays and during term time. For the first time, a long week-end camping trip was undertaken by both the 2nd VIII and by the J14 VIII in the summer term, and this was supported entirely by Bluefriars. The usual support was given to training in France. (The figures shown in the accounts above are approximate, because contributions from and balancing expenses of the Brasenose crew have been omitted.) About three years ago, Barclays Bank suggested that we opened a high interest account which would earn us money during the periods of the year when we have income but little expenditure. We earned about 100 in the first year. You will notice from the accounts printed below that this interest is more than balanced by very considerable bank charges which we now have to pay. Every entry on our current account statement costs us 68p - and this includes each standing order payment, which is the method chosen by most members for supporting us. There is no way round this charge, but I do urge members who have been contributing the same sum for some years to consider increasing it to allow for inflation and these wretched bank charges! The custom about 10 years ago was that members who had just left school contributed about 5 per year. We are very grateful that some of them have increased their payments, and that a number of members who have started to contribute only recently have decided to start at 20.

The accounts as usual contain some discrepancies, because the value of stock held by the club is not shown, and some orders and payments cross over the end of our year.

The Secretary hopes to produce fuller accounts next year, having started using a new computerised system in September 1992.