The club reported a surplus for the year of £17664 against a budgeted surplus of £3000. This has arisen due to many factors including more members, increased fees and lower than expected training costs.

The club’s funds are now £34,862 but there are six reserves maintained to ensure the club can meet its future debts.

£16000 represents six months of the club’s commitments under pool hire contracts, £3555 is the balance of the sum raised from previous Open Meets and is reserved for special events and £1845 is the balance of grant funding from PESSCL (specifically for Club Link and school activities). An additional reserve of £4000 has been set up this year for training our coaches over the next two years. Once these reserves are set aside, we have a much healthier free float to pay for the every day running costs of the club.

Looking to 2009, the club has decided not to increase fees for the coming year, except for swimmers aged 13yrs who will now pay the same rate as those aged 14 yrs and over as from 1 January 2009. This was detailed in last year’s treasurer’s report. A summary is listed below.

Current £ 1 Jan 2009 £ SPEED & WATER POLO 0-9years 15  15 10 to 12years 23 23 13 years 27 31 14 years and over 31 31 Men’s First Team(W/P) 35 35 SYNCHRO 0-9years 19 19 10 to 12years 27 27 13 years 31 31 14 years and over 35 35

Fees increase the month following birthday.

It would be appreciated if those who need to, change their standing orders before Christmas so that they are correct from 1 January 2009.

Janette Summerbee