HELENSBURGH CANOE CLUB
Income and Expenditure Account (Year Ending 28th February 2015)
2012/13 2013/14 2014/15
INCOME £ £ £
Membership Fees 850.00 1,340.00 1,320.00
Profit on pool and coaching activities 562.50 (79.95) 393.39
Bank Interest 0.22 0.24 0.29
Equipment Rental 0.00 80.00 60.00
Miscellaneous 45.47 50.00 40.00
———- ———- ———-
1,458.19 1,390.29 1,813.68
EXPENDITURE
Scottish Canoe Association Affiliation 50.00 75.00 115.00
Venue rentals for meetings 15.00 20.00 60.00
Equipment (fixed assets) 820.00 679.00 0.00
Equipment (consumables) 54.00 267.99 110.00
Miscellaneous 0.00 0.00 0.00
RNCYC Associate Membership – – 200.00
Depreciation 1,858.51 1,425.97 1,425.97
———- ———- ———-
2,797.51 2,467.96 1,910.97
SURPLUS/DEFICIT FOR YEAR (1,279.32) (1,077.67) (97.29)
Balance Sheet as at 28th February 2015.
Notes £ £ £
Fixed Assets 1 5,351.25 4,604.28 3,178.31
Current Assets
Bank 4,271.85 4,178.81 5,307.52
Creditors 0.00 0.00 0.00
Stock 60.00 40.00 0.00
Current Liabilities
Debtors (600.00) (494.66) (254.67)
Cash in advance (336.00) 0.00 0.00
Net Current Assets 3,395.85 3,724.15 5,052.85
£ 8,747.10 £8,328.43 £8,231.16
Represented by:
Capital Account: 8,747.10 8,328.43 8,231.16
£ 8,747.10 £8,328.43 £8,231.16
Ken White
Treasurer
10th March 2105.
HELENSBURGH CANOE CLUB
Notes to the Accounts as at 28th February 2015
- Fixed Assets and Depreciation*.
Asset Purchased Cost Depreciation Value 28/02/15 Total
Trailer 07/06/10 1,991.99 332.00 1,328.00 663.99
3 Canoes 07/06/10 2,073.63 345.60 1,382.40 691.23
3 Sea Kayaks 28/09/10 2,116.23 352.70 1,410.80 705.43
Trailer 20/10/10 1,095.00 182.50 730.00 365.00
Sea Kayak P&H 29/06/12 600.00 100.00 300.00 300.00
Open Canoe (MR) 09/03/13 679.00 113.17 226.34 452.66
8,555.85 1,425.97 5,377.54 3,178.31
* Fixed Assets depreciated over 6 years.
AGM 12th March 2015
Treasurer’s Report for 2014/15
The Club’s finances are relatively stable.
Membership fee income is very similar to last year. The modest profit on pool and coaching activities reflects the fact that the pool is reasonably well used most Tuesdays.
On the expenditure side, there were no fixed asset purchases, and only limited spend on consumables. This is likely to change in the next financial year, as one or two sea kayaks may need replacing, along with a substantial amount of consumable equipment (e.g. spray decks, buoyancy aids, paddles etc). With over £5,000 in the bank, this should be manageable.
The £200 “RNCYC Associate Membership” payment is the annual charge for use of the storage container.
The Club isn’t generating sufficient reserves to replace the main kayak “fleets” that were purchased with Lottery grants. The committee’s current expectation is that further Lottery (or other) funding will be available when these boats need to be replaced.
Ken White
Treasurer
11th March 2015