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TREASURER’S REPORT FOR THE 2019 SEASON

A copy of the audited Income & Expenditure Account and Balance Sheet for the year ended 31 December 2019 follows this report. 

INCOME

Income, excluding Donations, amounted to £7,781 an decrease of £290, (-3.59%)

Total permit income of net £4,677 shows an decrease of £349 (-6.94%). Member permits were down (-3.69%) and visitor revenue was down -13.07%   

EXPENDITURE

Stocking

£4.101 was spent on stocking, an increase of £507 (14.11%) over the previous year.

A total of 1,290 rainbow/blue fish, weighing 1,736lb were stocked in 2019 compared to 1,309 fish weighing 1,735lbs in 2018. This was the first price increase in our stocked fish since 2008.

Lease

Lease costs were unchanged.

Repairs and Maintenance

The repairs & maintenance costs decreased to £41.00 (-38.81%).

Commission

The Eagle Hotel has completed another year as the club’s agents for issuing permits. Thanks again to Eric and Suzie. The commission due to them is £528.65. Congratulations on their recent marriage.

CAPITAL EXPENDITURE

The committee has bought a second boat trailer, making the removal of the boats easier.

FIXED DEPOSIT

The lack of deposit facilities being offered by our bankers continues. The club’s surplus funds are still invested, in my wife's name, to produce a return and the security remains in place. The current deposit matures in early 2020. Rates are expected not to vary too much from their current levels, despite the current news.

FINANCIAL SUMMARY

The profit for the year amounted to £24 compared with profit of £42 for the year to December 2018. The 2019 season was better, weather wise, though less anglers ventured out as can be seen by the decrease in permit revenue. I was able to depreciate £1,747 (£2,301 in 2018).

Net Current Assets at December 2019 amounted to £20,030 compared with £20,006 at December 2018.

The club is indebted to Steve Saal, who made a generous donation towards the cost of the second boat trailer that the committee decided to buy. Loading boats on trailers gets harder as we all get older! Thank you again Steve. RDGC also contributed £500 from their Community Fund to the club – thank you to RDGC too.

SUBSCRIPTIONS AND PERMITS

I have to compile my report ahead of the Auditor’s scrutiny and last year I recommended no increases.

With the financial situation of the club as detailed above, I am pleased to recommend no change for the 2020 season from the current tariffs.

The Annual Membership tariff would therefore remain:

£  3.00 for Juniors under 18, who must fish with an adult;

£25.00 for Adult members;

£20.00 for even more experience aged (65+) Adult members.

Members are reminded that the Annual subscriptions are due at the AGM, but can be paid direct to the Treasurer.

FINALLY

I would also like to repeat my thanks to George Munro, who still continues to perform the auditors’ role out of the kindness of his heart.

Richard Dickenson

Treasurer

 

DORNOCH & DISTRICT ANGLING ASSOCIATION

INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2019

   

31-Dec-19

   

31-Dec-18

INCOME

 

£

   

£

Membership Subscriptions

2325

   

2353

 

New Member Entry Fees

360

   

290

 

Sale of Permits:

         

               Members

3161

   

3282

 

               Visitors

1516

   

1744

 
 

-----------

   

-----------------

 

   

7361

   

7669

Profit on Angling Booklets

 

9

   

20

Donations

 

525

   

311

Annual Outing

 

99

   

                     182

Bank Interest

 

311

   

200

Other Income

 

0

   

0

   

----------------

 

-----------------------

TOTAL INCOME

 

8,306

   

8,382

           

EXPENDITURE

         

Fishing Rents

         

   Cambusmore Estate

270

   

270

 

   Sutherland Estates

350

   

350

 

   W G Thomson

300

   

300

 

   Birichen Estate

350

   

350

 

 

-----------

   

-------------------

 

   

1270

   

1270

Fishing Rates: River Evelix

 

79

   

79

   

----------------

            

-----------------------

Total Rent & Rates

 

1,349

   

1,349

General Expenditure:

         

   Restocking

 

4101

   

3594

   Repairs & Maintenance

 

41

   

67

   Insurance

 

365

   

354

   A.G.M. Expenses (Catering)

 

182

   

172

   Competition Entry Fees, Expenses & Prizes

30

   

30

   Sutherland Sports Council Affiliation Fee

15

   

15

   Secretary's Honorarium

 

300

   

300

   Boat Convenor's Honorarium

 

75

   

75

   Trophies & Engraving

 

36

   

28

   Advertising Printing & Postage

 

-9

   

-20

   Chairman's Expenses

 

10

   

10

   Treasurer's Expenses

 

10

   

10

   Road Convenor's Expenses

 

30

   

30

   Gratuities

 

0

   

25

   Depreciation

 

1,747

   

2,301

   

----------------

 

-----------------------

TOTAL EXPENDITURE

 

8,282

   

8,340

   

--------------

   

-----------------------

SURPLUS FOR YEAR

 

24

   

42

   

=========

 

=============

 

DORNOCH & DISTRICT ANGLING ASSOCIATION

CAPITAL ACCOUNT FOR YEAR ENDED 31 DECEMBER 2019

 

N.B.V.

 

Boat fund

 

N.B.V.

 

01-Jan-19

Additions

Received

Depreciation

31-Dec-19

 

£

£

£

£

£

FIXED ASSETS

         
           

Boathouse (Loch Lannsaidh)

1

   

0

1

Laoigh Shed

500

0

0

499

1

Life Jackets

1

   

0

1

Echo Sounder, Aeration Pumps

1

   

0

1

Electronic scales

1

   

0

1

Other Boat - Bhuidhe

1

   

0

1

Pioneer @ Balloan

1

   

0

1

Orkney Spinner - "Angus Murray"

1

   

0

1

Coulam - "Pheadair"

1

   

0

1

Coulam - "Captain Bob"

1

   

0

1

Simpson "Judi G"

1

   

0

1

Simpson "Balloan"

1

   

0

1

Simpson "Dr J R J"

1

   

0

1

Coulam " "

1,000

 

650

349

1

Simpson "Thomson"

900

   

899

1

Indespention Boat Trailer

0

                1,556

                       775

                           0

              781

Simpson 15' " "

1

   

0

1

Simpson 12' " "

1

   

0

1

Lannsaidh Loo

1

   

0

1

Solar lighting

1

   

0

1

 

--------------

-------------------

----------------------

---------------------

---------------------

 

2,416

1,556

1,425

1,747

800

CURRENT ASSETS

         

Cash in Hand

       

0

Bank Account

       

3383

Fixed Deposit

       

15500

Junior section

       

0

Future Boat Fund

       

0

Debtors and Prepayments

       

347

         

----------------------

         

19,230

CURRENT LIABILITIES

         

Creditors

       

0

         

---------------------

         

0

         

20,030

         

=============

NET CURRENT ASSETS

       

20,006

         

---------------------

Represented by:-

         

Balance at 1 January 2019

       

20.006

Add Surplus for Year

       

24

         

---------------------

Balance at 31 December 2019

       

20,030

Examined and found to be correct.

       

============

The Association should continue its efforts to find a bank which will take a deposit in the

name of the Association rather than the name of an individual, as at present.

 

George Munro

         

 

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