St Beghian Society Finances

Since the closure of the school in July 2015, the Society's income has reduced significantly due to the complete lack of Life Membership subscriptions from school pupils, who previously paid prior to leaving the school.

As a consequence, the President last year found it necessary to write to members requesting an annual subscription of £20 (or more if affordable) and as mentioned elsewhere in the Bulletin, this resulted in some 300 members coming forward to help.

The running costs of the Society in recent times have been approximately £15,000 per annum, which covers our Secretary, Pam Rumney's salary and the production and mailing costs of the Bulletin. Any further expenditure such as additional mailings, of which there have been a few since the closure of the school, would not be covered by this figure.

The £10,000 received as a result of last year's subscriptions' request, for which we are extremely grateful, has gone a long way towards covering current costs, but there is still some distance to go before we achieve a break-even situation. Financial support from members will therefore continue to be of the utmost importance during these difficult times.

On a separate note, Lonsdale Terrace, owned by the OSB Guarantee Trust Fund, a separate legal entity, was finally sold in April.

 

 

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The St Beghian Society    
St Bees School,    St Bees,    Cumbria,    CA27 0DS.

         Tel: (01946) 828093      Email: osb@stbeesschool.co.uk      Web: www.st-beghian-society.co.uk