Our Income and Expenditure account shows an excess of Income over Expenditure of R 1 148, against an excess of R 9 605 last year. Our accumulated funds are now over R 50 000, so our finances are on a solid footing, and the decision has been made to increase our assistance to the Nature Reserve to utilise some of this reserve.

To mention a few highlights of the year:

• Further funding was received from the The City of Cape Town for Bossies of R 30 000 and a very successful fundraising performance of “Rumours” at the Masque Theatre raised R 6 675 for Environmental Education. The majority of these funds have been spent during the year.

• A decision was made to allocate 50% of our Recycling income to the Westlake Garden, since the majority of the work associated with this income is carried out by the Westlake Garden staff and Member. Recycling income is now our major source of funds, exceeding our Subscription income.

• Last year, we took over the administration of Park Island funds, and the figures reflect the full year effect of this ( last year 3 months only ).

• Nature Reserve expenses GZENR, include the first month of our contracted subsidy for a part time worker in the Reserve at the cost of R 1650 per month ( see my comment on Accumulated Funds).

G C Wigram.
Hon. Treasurer  2010 - 2011.