Finances.

Although we have ended this year with a small surplus of income over expenditure, it was mainly brought about by reduced grants to clubs and a smaller transfer to the Building Fund, last year there being an additional £50 transferred. Our main source of income, Student Association fees, fell this year by £90, while smaller profits were made on the various functions with the exception of the Capping Revue, which netted a handsome profit of £109. The total transferred to the Building Fund from the Association's funds amounts to £125/9/7, it being decided to transfer the profits from both "Spike" and "Cappicade" to the fund this year. Unfortunately the results from the Cafeteria are not very satisfactory, but after due consideration during the long vacation certain alterations were made in the running of the Cafeteria, with the result that for the three months of this year there has been no loss on trading.