REPORT OF THE TRUSTEES FOR YEAR ENDED 31st March 2003 (cont'd)

The funds held in investments have accumulated over the years and are the main source of income for the charity. In view of the current economic climate the trustees continue to monitor the investments albeit the value of investments has decreased somewhat.

INVESTMENT POLICY
Whilst the trustees have the power to invest in such assets as they see fit, all investments are undertaken on advice of the honorary treasurer, because of his expertise in the field of banking investment. Sufficient funds are kept on deposit to be available to satisfy demand from any requests for grants, bearing in mind the restricted nature of the funds that are held on trust by the Charity.

SUMMARY
Sunderland Guild of Help is an established charity supporting the citizens of Sunderland, who are in need by means of direct grants or indirectly by providing accommodation for other charities, with similar aims. It is the intention of the trustees that the Guild will continue to operate quietly and effectively as it has done since 1907.

On behalf of the Board,

Dr N Taylor MBE
Chairman of Trustees.

for a full copy of the 2003 annual report in Word format, please email our office at info@guildofhelp.co.uk

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