Accounts

A.G.M. REPORT
 
As ever, Finance has dominated the Management Committee’s Agenda. The numbers may be found here (links to an Excel spreadsheet). 
 
4 other important, if not vital, issues:
 
1.The loss of tennis members, both junior and senior, is a big deal. The tennis section are the major contributors to our income and so tennis’s problems become the club’s problems. We are all delighted that Bob Mason has taken on a project to try and work out how to reverse the downward trend. Graham Louer has resigned as Chairman – we all owe him a huge vote of thanks. James Earp has stepped into the breach.

2.The Management Committee considered the issue of putting the club-house contract out to tender. Properly, the Committee agreed to let John Price make a pre-emptive bid. John and the Committee have negotiated new terms which both parties have agreed for 12 months from 1st January 2008.
 
3.Auction of Promises – there will be an auction on 18th April 2008. Gillian Vargassoff has agreed to act as co-ordinator. The three sections have agreed to fully support and help Gillian. There will be more news on progress on the club web-site and through Section newsletters.

4.The biggest single issue facing the club is the very small number of members who actually do anything for us other than pay their subs and occasionally hit a ball. We all owe a huge debt to those friends who do take on roles and keep the club going. Boy, could we do with another 20 like-minded individuals.

Philip Sellers
Chairman

GERRARDS CROSS SPORTS CLUB
SUMMARY FINANCIAL REPORT
FOR THE YEAR ENDING 30 SEPT 2007
  2006/07 2005/06 YoY
Note
  
Section Income 51,820 49,396 2,424
a
  
Rental Income 1,395 1,322 73
 
Bar Tariff 5,000 1,250 3,750
b
  
Other 1,540 3,248 -1,708
c
  
Total Income 59,755 55,216 4,539
 
   
 
Grounds 19,823 20,626 -802
 
Clubhouse 6,753 7,552 -799
 
Utilities/Rates/Insurance 15,695 12,776 2,920
e
  
Club Management 5,000 5,150 -150
 
Other 4,771 7,828 -3,056
d
  
Total Expenditure 52,043 53,932 -1,889
 
Reserve Account  
 
Surplus for Year 7,712 1,284 6,428
 
 
1
 YoY Changes  
a - Impact of Cricket section financial review  
b - Full year effect of bar tariff  
c - FY05/06 Ball income relating to FY04/05  
d - FY05/06 Database & website  
e - Provision for not receiving discretionary rate relief  
 
 
2
 Notes  
All sections meet their obligations to the Management Committee  
There are no major outstanding bills at 30 September 2007  
 
 
 
3
 Cash Position  
Overdraft @ 30 Sept 07 -£500 (£6.5K improvement on 2005/06)
Current Overdraft Facility £20,000  
Capital Reserve Account £2,000  
 
               
GERRARDS CROSS SPORTS CLUB
SUMMARY FINANCIAL REPORT
FOR THE YEAR ENDING 30 SEPT 2008
 
  2007/08 2006/07 YoY
Note
  
Section Income 47,000 51,820 -4,820
a
  
Rental Income 0 1,395 -1,395
b
  
Bar Tariff 0 5,000 -5,000
c
  
Other 1,500 1,540 -40
 
Total Income 48,500 59,755 -11,255
 
   
 
Grounds 19,000 19,823 -823
d
  
Clubhouse 6,500 6,753 -253
e
  
Utilities/Rates/Insurance 13,000 15,695 -2,695
e
  
Club Management 0 5,000 -5,000
c
  
Other 4,000 4,771 -771
e
  
Total Expenditure 42,500 52,043 -9,543
 
Reserve Account 0
 
Surplus for Year 6,000 7,712 -1,712
 
 
1
 YoY Changes
 
a - £5K reduction from Tennis
 
b - Rental income to club steward (new agreement)
 
c - Bar Tariff income & Club Management fee removed (new agreement)
 
d - Lowering of budget as income lower
 
e - Reduction in operating costs (new agreement)
 
 
 
2
 Budget Assumption
 
All sections meet their obligations to the Management Committee
 
There will be no major outstanding bills at 30 September 2008
 
No provision is made for recovery of Rates relief for FY 06/07. Plan to have exemption from April 08
No provision is made for any auction of promises income  
 
 
3
 Cash Position  
Expected Balance @ 30 Sept 08 £6,000 (£6.0K improvement on 2006/07)
Current Overdraft Facility £20,000  
Capital Reserve Account £2,000