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SUP 18 Annex 1 Friendly Society transfer or amalgamation (Information requirements related to Schedule 15 Friendly Societies Act 1992) (This belongs to SUP 18.4.22G)

G

Transfer/Amalgamation of [Society A] to/with [Society B]

Proposed effective date:

Comparative financial positions

(a) Balance Sheet as at 31 December 20-

Society A

Society B

ASSETS

Land and buildings (4)

Government securities

Equities

Other investments (6)

Fixed assets

Other assets

Cash at bank and in hand

___________

___________

___________

___________

LIABILITIES

Benefit funds [technical provisions] (7)

[Management fund]

Other liabilities and provisions

Reserve funds [Reserves] (8)

___________

___________

___________

___________

___________

___________

NOTES

(1)

The above figures are extracted from the audited accounts [unaudited accounts] of [Society A and Society B] for the year [period] ended:

(2)

There has been no significant change in the financial position of the [participants] [except for ]

(3)

The future capital commitments of [the participants] are:[None of [the participants] has any significant future capital commitments.]

(4)

Land and buildings have been brought into account on the following bases: (include statement of any differences in accounting policies and where material any estimated financial effects)

(5)

Investments have been brought into account on the following bases: (include statement of any differences in accounting policies and where material any estimated financial effects)

(6)

Other investments comprise: (include statement of any differences in accounting policies and where material any estimated financial effects)

(7)

Benefit Funds [Technical Provisions] comprise:(include statement of any differences in accounting policies and where material any estimated financial effects)

(8)

Reserve Funds [Reserves] comprise:

(9)

The membership at [ ] and premium income received during [ ] for each [participant] were:

(10)

Brief summary of the financial position of each [participant] as shown in the last actuarial investigation:

(11)

Summary of independent actuary's report under section 88 of the Friendly Societies Act 1992:

(12)

The interests of committee members of the [participants] in the transfer [amalgamation] are:

(13)

Proposed compensation to be paid to committee members and[/or] to other officers is:

(14)

The terms of the transfer[amalgamation] are: