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)
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: |