EC Meeting November 2018

Investment:

Latest investment reports show balance in Managed Funds as at 01 October 2018 of £5,052,262. Drawdowns in the quarter totalled -£750k. There is a calculated gain of £96,411 which is shown as unrealised. Since this report, a further £540k has been drawn down from the investment, taking the balance to £4,512,262.

Bank:

Bank balance as at 31.10.18 is £48,287.19 (Nov 6 th Payroll run pending).