Treasurer’s Report on the Annual Accounts for the year ended 31 August 2017

In my first year as Treasurer I have to report that our Association posted a loss of £3207. In my defence I should point out that the year was one biased to home matches, with eight at home and four away, and years such as this do tend to realise a loss. I am hopeful that with this position reversed next year I can engineer a small profit.

For the second year running the tour closed with a surplus and our new Captain will have £262 to aid his aspirations for next year. The creditors’ figure, of £2005, shown in the accounts is made up of this Tour Surplus plus £1580 paid by members for matches this September and £162 of Members Credits which were still unused at the end of August.

Overall the Association is still in a strong position with reserves of £19732. As my predecessor Derek would say, “I commend these accounts to you”.

Paying for Meetings and Matches

Part of the changes in the way we manage our matches, and meetings, was to ask that all payments were either made online or by cheque forwarded to the Treasurer.   My part in the process is to record payments as they are made and, the day prior to the match, to let the Match Manager know who has paid and who has not.On the whole this system has worked well and members have, more and more, paid by bank transfer.   This approach is welcomed and will be even more helpful if all members made use of their bank’s facility to provide the payment recipient with a note of what the payment is for (i.e. which match or meeting).

The number of “pay on the day” cases has fallen, though it is difficult to understand why it has not fallen further and members are asked to pay before the day whenever possible.

I look forward to reporting that great improvements have been made by September next year.

Doug Ebdon
Hon Treasurer

Annual Accounts 2016/7

RECEIPTS	2016/7 £	2015/6 £	EXPENDITURE	2016/7 £	2015/6 £
Subscriptions	2328	2464	Administration expenses	333	518
			Loss on Men’s Dinner	0	1250
Interest	2	2	Cost of prizes less ball sweep	63	495
Profit on sale of clothing	145	238	Recruitment Drive	0	531
	2475	2704		396	2794
Surplus on matches	-3285	5301
Internal Meetings	-2397	-314
			Profit / (Loss) for the year	(3603)	4897
	3207	7691		3207	7691
			BALANCE SHEET AS AT 31 AUGUST 2016
			Bank balances	15718	19716
			Clothing Stock	4826	2263
			Stock of Golf Balls	323	458
			Sundry Debtors	870	1028
			Less Sundry Creditors	-2005	-130
				19732	23335
			Reserves brought forward	23335	18438
			Profit / (Loss) for the year	(3603)	4897
			Reserves carried forward	19732	23335