RODWAY HILL GOLF CLUB     ANNUAL INCOME AND EXPENDITURE 2019 (1/1/19 – 31/12/19)

INCOME

 

2019 INCOME 2018 INCOME

EXPENDITURE

2019 EXPENDITURE 2018 EXPENDITURE
MEMBERSHIP 7525 6840 AFFILIATIONS 5215 4235
CLOTHING ETC 330   CLOTHING ETC 786 397
CLUB EVENTS 18   INSURANCE 105 105
      ADMIN COSTS 810 372
      CLUB EVENTS 208  
      CLUB CAPTAINS 405  
      MEMBER EXPENSES 0 48
      CLUB SOCIALS 0 695
      CLUB REPRESENTATION 396 105
      DONATIONS 0 225
      CAPITAL EXPENDITURE 720 420
OTHER INCOME   1823 SUNDRIES   508
COMPETITIONS 4471 4161 COMPETITIONS 3915 4937
MEDALS (GROSS) 1584 3281 MEDALS 1182  
TROPHIES 1401 TROPHIES 1151  
SENIORS 339 337 SENIORS 200  
LADIES 1078 543 LADIES 819  
OTHER 69   PRESENTATION NIGHT 559  
SUB TOTAL 12344 12824 SUB TOTAL 12560  
CHARITY 5565   CHARITY 3114  
SENIORS ACTIVITIES 2364   SENIORS ACTIVITIES 2364  
TOTAL 20273 12824 TOTAL 18038 12047
SURPLUS/(DEFICIT) OF INCOME OVER EXPENDITURE       2235 777
BANK BALANCE AT 1 JANUARY 2019       13738 13738
BANK BALANCE AT 31 DECEMBER 2019       15973  

      

NOTES ON THE ACCOUNTS FOR 2019

Introduction

There have been some challenges in completing the accounts for 2019, resulting from the closure of the NatWest account, the opening of a new account with Lloyds and the winding-up of the company.

In addition, the Treasurer and Committee are now able to present the accounts in a way that better demonstrates to members how their money has been spent. This is achieved by showing the accounts in four sections:

  1. Income from subscriptions and other sources and spending against that income – chiefly affiliation fees.
  2. Income from competition entries and spending on prizes and related items, such as signwriting for the honours boards.
  3. Charity income
  4. Seniors activities – the Club account is used as a holding account for these activities (away trip/s and Christmas dinner) so the income and expenditure must balance.

Further, by providing a sub-total below items 1 and 2, members can better see how their subscriptions have been spent.

Notes on income

  1. Membership was up this year – to 214, our highest for a number of years – providing additional income.
  2. Clothing – the Committee decided to subsidise team shirts for the Men’s and Seniors teams, taking an income of only £10 per person, totalling £330.
  3. Competition income – in 2018, Ladies’ income was shown as a net rather than gross figure.

Notes on expenditure

  1. Affiliation fees – this expenditure also includes 6 refunds of memberships, five of which were double paid and one to a leaving member. Affiliation fees amount to £9 per member for England Golf and £13.55 (Men) or £11.50 (Ladies) to Gloucestershire Golf Union, leaving around £12.50 per member for all other Club related expenditure. Taking out Life Members, this provides almost exactly £2500 of income.
  2. Clothing – this line shows that the members’ subscriptions subsidised the team shirts to £556 - £17 per player who purchased a shirt.
  3. Club events/socials – in 2018, the costs of refreshments at the AGM and Presentation Night were shown as Socials; in 2019, the AGM is shown as a CLUB EVENT and presentation night costs are included under that heading.
  4. Admin costs include all aspects of club expenditure and are higher this year as they include a day of training on ‘How Did I Do?’ (£372).
  5. Capital costs include the purchase and erection of the starters’ hut (£533) and of seniors’ blazer badges to cover the next eight years (£186).
  6. The competition costs in 2018 included the purchase of medals for the next ten years. The income from competitions covered all the costs of prizes, vouchers and trophies, the signwriting of the honours boards and refreshments on Presentation Night.
  7. Charity - £3000 was donated to Hope to Tomorrow (Leo Lucas’ charity) and £114 to the British Legion. Just under £3000 is currently held for the current Captains’ charity, the Multiple Sclerosis Society.

Notes on balances

  1. While the bank balances show an excess of income over expenditure, this is explained by the current holding of funds for the Captains’ charity. Comparison of the sub-total figures shows that expenditure this year exceeded income from subscriptions and competition entries by £216, reducing the Club’s carry forward to a little under £13000.

R.W.Wolfson

Treasurer

2 January 2020


·   

Offers

 

Winter two ball offer with buggies

£40.00

WINTER TWILIGHT OFFER
Nov 1st - March 31st

from 12 noon £10.00 per person

Book a tee time

Gallery

How to find us

  

Rodway Hill Golf Course,
Newent Road,
Highnam,
Gloucestershire,
GL2 8DR

01452 384222