November EC Meeting 2019

GFTU

REVIEW OF ACCOUNTS AS AT 30 th September 2019

Income:

All invoicing is up to date

Expenses:

Accruals and Prepayments were reviewed and some adjustment may be required in the 4 th quarter.

Investment:

The balance of the investment as at the 30 September 2019 (latest investment reports) was £1,124,442.06, this valuation included a gain on investment in the quarter of £13,313.47. There have been no further drawdowns since July. The next valuation reports are expected to be received 31 December 2019. There was a further increase in value of quoted investments during the third quarter of 2019 £7,892.74 with both RBS and Astra Zeneca improving.

Bank:

Bank balance as at 30 September 2019 was £365,836.