Common-Riding’s sound finances

This year’s special quincentenary Common-Riding and extra celebrations only put a £7,000 dent in the committee’s bank account.

That is because despite the hugely successful traditions and additional events costing the Common-Riding Committee a total of £123,000, years of careful management and planning has left them with an impressive £196,710 in their general fund.

And in a financial statement revealed during last night’s annual general meeting, this year’s success story is further proven with admission money from the Friday Moor totalling a whopping £26,245 – compared to £17,280 the year before.

Common-Riding Chairman Stuart Marshall states: “This year saw the conclusion of almost five years of raising funds and planning additional events to celebrate the quincentenary of the capture of the flag at Hornshole. Despite anticipating an increase in numbers, who could have predicted the record number of visitors and exiled Teries who came to join the town in celebrating our traditions?”

The Common-Riding Committee had been able to add a total of £66,000-worth of designated funds for the quincentenary, which took its balance to £203,353. Mr Marshall points out that this was in stark contrast to 2001, when their total reserves only stood at £3,341.

The financial review highlights that expenditure increased by £44,616 from £78,967, reaching the £123,583. Costs included £35,760 for payments made towards the quincentenary bronze statue and other celebratory events such as the 2014 dinner.

Mr Marshall comments: “The commemorative bronze statue (brought in on time and under budget) gifted by the committee to the town, was well received and is a worthy addition to the town’s heritage. As well as these projects, our annual Common-Riding proved again to be a great success.”

The Hut brought in slightly more income with £8,377, compared to £8,071 last year, while the Cornet’s timetable also proved more successful with £6,874 gathered, compared to £5,461. Income from the Cornet’s tie also jumped up from £5,736 to £6,549. Allowances to the Principals reached £3,439 this year, only a slight increase from £3,341.

Mr Marshall added: “The committee will now meet over the winter to consider a future project to benefit life in the town.”