Treasurer's Report
for the Year Ended 31st March 2005
Enclosed with this report is an abbreviated copy of the accounts. However, in this report I would like to give a few details of the individual funds that are shown in the full accounts, copies of which will be available at the AGM.
Starting with the Senior Association Income and Expenditure
Account, this shows:
• Net income of £3,821 - slightly
down last year. The main reason being a fall in the subscriptions.
• Expenditure
of £6,483
This gives a deficit of £2,663 for the year. I have
therefore transferred £2,500 from the Hall Management Fund to cover this
deficit to give a fund balance of £968 as at 31 March 2005.
The Hall Management Fund Income and Expenditure Account
shows:
• Total income of £33,331 - hall rent being
higher than last year.
• Total expenditure of £ 12,416
a slight increase from the previous year.
This gives a surplus after depreciation
of £18,415. Transfers have been made to the other funds to leave a fund
balance at the end of the year of £19,754.
The Development Fund Income and Expenditure Account shows
•
Income of £5,520.
• Expenditure
of £18,121 - up on the previous year. This was due to coaching course
expenses being up on the previous year and the honorarium to the Development
Officer being more. It should be noted, however that this increase relates to
an amount that was approved for 2003/04 and 2004/05.
This gives a deficit
of £12,601 for the year. £11,000 has been transferred from the Hall
Management fund to give a fund balance of £6,621 at the 31 March 2005.
There has been little activity on the remainder of the funds and after transfers the balances of the funds are as follows
£28,687 for the Hall Maintenance Fund
£108,141
for the Hall Building Fund, and
£3,169 for the MJ Denman Fund.
The Balance sheet shows that the association has a healthy balance as at the 31st March 2005. The main items being the bank and building society balances, debtors of £11,116 much of which relates to rental income and creditors of £18,5 95.
These assets are represented by the funds as previously reported.
Finally, as you are probably aware, there will be substantial costs incurred by the Association in the forthcoming year due to the refurbishment of the hall. Although these costs are being matched by funding the overall funds of the Association will fall dramatically next year.
That concludes my report on the accounts for 2004/05.
Finally I would like to propose that the affiliation fees for the 2005/06 season payable to Notts. BA, including the current rebates, remains the same. This will, however, need to be reviewed next year should subscriptions continue to fall.
Thank You.
Steve Hales - Hon. Treasurer