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Hon Treasurer’s Report
The club reported a surplus for the year of £3912 against a budgeted surplus of £914.
The club’s funds are now £38,774 but there are six reserves maintained to ensure the club can meet its future debts.
£16,000 represents six months of the club’s commitments under pool hire contracts, £3,555 is the balance of the sum raised from previous Open Meets and is reserved for special events and £1,347 is the balance of grant funding from PESSCL (specifically for Club Link and school activities). The training reserve has been increased to £6,000 for training our coaches over the next two years. Once these reserves are set aside, we have a healthy free float to pay for the every day running costs of the club.
Looking to 2010, the club has decided not to increase fees for the coming year.
To ease collection of individual ASA fees, all those paying standing orders will now pay an extra £2 per month instead of the annual fee. This will take place from 1 January 2010.
A summary is listed below.
To include ASA
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Current
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1 Jan 2010
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£
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£
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SPEED / WATERPOLO
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0-9years
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15
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17
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10 to 12years
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23
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25
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13 years and over
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31
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33
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Men’s First Team(W/P)
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35
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37
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SYNCHRO
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0-9years
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19
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21
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10 to 12 years
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27
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29
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13 years and over
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35
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37
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Fees increase the month following birthday. ASA fees will continue to be collected separately for those not paying by standing order.
It would be appreciated if EVERYONE changes their standing orders well before Christmas so that they are correct from 1 January 2010.
Janette Summerbee
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