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
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 |
|||
|
-------------- |
----------------------- |
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|
SURPLUS FOR YEAR |
24 |
42 |
|||
|
========= |
============= |
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|
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 |
||||
|
--------------------- |
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|
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. |
============ |
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|
The Association should continue its efforts to find a bank which will take a deposit in the |
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|
name of the Association rather than the name of an individual, as at present. |
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|
George Munro |
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