Rushden Research Group: co-op accounts 1886

Rushden Industrial Co-operative Society Ltd

Annual Report & Accounts 1886

Registered No. 2050	For the Quarter ending Dec. 31, 1886	Number of Members 248
The result of the Quarters' business transactions is, again of a very satisfactory character, and needs little comment. The cash paid over for goods sold is £1,032-12-3, which, after paying the working expenses, and Interest on Capital, has realised a net profit of £140-5-10. This will give to Members of the Society on the 634 checks sent in, a dividend of 2/6 in the pound, leaving a balance in hand of £3-14-7. All are requested to change their Tin Checks for Brass ones, on Monday, Tuesday, Wednesday, and Thursday, only each week. N.B. Please not to keep your Tin Checks until the day appointed for taking them in, and thereby save time and trouble. Notice Drapery is now sold at the Stores on Monday, Thursday, and Saturday afternoons; all are requested to make their purchases accordingly until further notice.

Accounts for Quarter ending December 31st 1886
Receipts				Expenditure
	£	s	d		£	s	d
Cash from Store	990	12	3	Goods and Carriage	884	6	2
Cash from Drapery	42	0	0	Drapery Goods	119	10	3
Cash from Club	22	6	3	Salaries and Commission	60	10	8
Contributions	10	2	6	Trade Charges	22	17	1
Entrance Fees	0	8	0	Dividend to Members	62	12	1
Rent	8	15	6	Withdrawals	35	5	4
4fc Union Bank	110	17	1
	1183	1	7		1185	1	7

Trade Account
Stock in Goods, Sep. 30	606	17	5	Balance undivided last quarter	3	3	8
Paid for Goods, Dec 30	1003	16	5	Owing for Goods, Sep. 30	232	2	2
Owing for Goods, Dec 30	187	13	7	Cash for Goods Sold	1032	12	3
Salaries and Commission	60	10	8	Entrace Fees	0	8	0
Trade Charges	22	17	1	Rents	8	15	6
Interest on Shares	11	13	3	Goods in Stock	492	2	7
Estate Redemption Fund	20	0	0	Goods in Drapery	232	1	0
Balance	140	5	10	Clothing Club	52	9	1
	2053	14	3		2053	14	3

Assets				Liabilities
Share Capital	1022	18	6	Land and Buildings	1063	2	10
Due to Bank	216	19	10	Stock in Goods	724	3	7
Owing for Goods	187	13	7	Wholesale Society	20	17	7
Reserve Fund	200	0	0	Manchester Canal Shares	2	0	0
Estate Redemption Fund	20	0	0
Clothing Club	22	6	3
Balance as above	140	5	10
	1810	4	0		1810	4	0

Division of Profit
Dividend on £1092.10.0	Checks sent in at 2/6 in the Pound -				136	11	3
				Balance in hand	3	14	7
					140	5	10

Examined and found correct
				George Jones	Auditors
				W Packwood	Auditors