Hon Treasurer’s Report

Hon Treasurer’s Report     (The Accounts will be distributed at the AGM)

The club reported a deficit for the year of £9793 against a budgeted deficit of £5723. The increased expenditure was largely due to the Calella overspend as a result of the Icelandic volcano. 

The club’s funds are now £28981 but there are four reserves maintained to ensure the club can meet its future debts.

£16000 represents six months of the club’s commitments under pool hire contracts, £1392 is the balance in the Synchro reserve and the training reserve remains at £6000 for training our coaches over the next  year. 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 2011, the club has decided to restructure and increase fees for the coming year. We have taken into account the different sections’ costs and pool time available.
 
 A proposed summary is listed below.
                                                         To include ASA
                                      Current        1 Jan 2011
                                             £                      £
SPEED SWIMMING                            
0-9years                               17                   20                 
10 to 12years                        25                  28
13 years and over                  33                  36
University Students                                    20

Registration fees only- £12 per year (for non club members paying £3.50 per session)

Bristol City Council Squad Members (Bristol central swimming club element)
Performance squad                                     10
Development squad A Age 13+                     20
Development squad B Age 10-12            21
                                               
LADIES WATERPOLO
Waterpolo & swimming                                 40
University Students & unemployed               20

MENS WATERPOLO
Waterpolo & swimming                                 45
University Students & unemployed          20

SYNCHRONISED SWIMMING
Novices (up to and including 12 & under B team)     30
!2 & under A team                                      35
13/14 A & B Teams                                    40
15/17 B Team                                           40
15/17 A Team & Senior Team                         45
University students                                      20

 The Club recognises the current economic situation (we did not increase fees last year), but we have to provide for increasing pool hire costs and training our volunteer coaches. When you work out cost per session I’m sure you’ll agree it is great value for money.                  

It would be appreciated if EVERYONE changes their standing orders well before Christmas so that they are correct from 1 January 2011.  Thank you.

Janette Summerbee