TREASURER’S REPORT FOR THE 2020 SEASON
A copy of the audited Income & Expenditure Account and Balance Sheet for the year ended 31 December 2020 follows this report.
INCOME
Income, excluding Donations, amounted to £6,748 a decrease of £1,289 (-16.57%)
Total permit income of net £3,024 shows a decrease of £1,653 (-35.34%). Member permits were down (-4.33%) and visitor revenue was down -100%. The committee decided that 2020 would be member only - as will 2021.
EXPENDITURE
Stocking
£2,774 was spent on stocking, a decrease of £1,327 (32.36%) over the previous year.
A total of 610 rainbow/blue fish, weighing 1,248lb were stocked in 2020 compared to 1,290 fish weighing 1,736lbs in 2019. The fish were generally bigger in 2020 as they could not be delivered earlier due to Covid restrictions.
Lease
Lease costs were unchanged. However I must record that William Thomson forgave us the rent for 2020 because of Covid and the disruption to the access to his lochs by the SSE project. We were also given a 50% reduction on the Loch Brora lease due to the disruption to the fishing on the Brora system.
Repairs and Maintenance
The repairs & maintenance costs increased to £1,031.00 (+2414.%), as provision was made for stones ordered for the Lannsaidh road repairs and we are looking to engage a whin cutter for the Lannsaidh road.
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 £391.50. Eric kindly opened the reception for permits and keys during lockdown.
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 to remain low in line with their current levels.
FINANCIAL SUMMARY
The profit for the year amounted to £905 compared with profit of £24 for the year to December 2019. The 2020 season was effected by Covid 19 with no visitor permits sold. Weather wise, though slightly less anglers ventured out, stocking was less as the season was shorter and there was no point in feeding the cormorants over the winter. I was able to depreciate £75 (£1,747 in 2019) as the club now has only nominal book value shown for assets.
Net Current Assets at December 2020 amounted to £20,935 compared with £20,030 at December 2019.
The club is indebted to Mr Nicholas Harding who kindly gave his 15’ larch built boat and trailer to the club
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 2021 season from the current tariffs, apart from one minor one, for Lannsaidh permits to round up to £10 for bank and £15 for boat/1 rod.
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 2020
|
|
31-Dec-20 |
|
|
31-Dec-19 |
INCOME |
|
£ |
|
|
£ |
Membership Subscriptions |
2460 |
|
|
2325 |
|
New Member Entry Fees |
500 |
|
|
360 |
|
Sale of Permits: |
|
|
|
|
|
Members |
3024 |
|
|
3161 |
|
Visitors |
0 |
|
|
1516 |
|
|
------------ |
|
|
----------- |
|
|
|
5984 |
|
|
7362 |
Profit on Angling Booklets |
|
41 |
|
|
9 |
Donations |
|
256 |
|
|
525 |
Annual Outing |
|
212 |
|
|
99 |
Bank Interest |
|
255 |
|
|
311 |
Other Income |
|
0 |
|
|
0 |
|
|
--------------- |
|
|
-------- |
TOTAL INCOME |
|
6,748 |
|
|
8,306 |
|
|
|
|
|
|
EXPENDITURE |
|
|
|
|
|
Fishing Rents |
|
|
|
|
|
Cambusmore Estate |
270 |
|
|
270 |
|
Sutherland Estates |
175 |
|
|
350 |
|
W G Thomson |
0 |
|
|
300 |
|
Birichen Estate |
350 |
|
|
350 |
|
|
------------ |
|
|
----------- |
|
|
|
795 |
|
|
1270 |
Fishing Rates: River Evelix |
|
69 |
|
|
79 |
|
|
--------------- |
|
|
-------- |
Total Rent & Rates |
|
864 |
|
|
1,349 |
General Expenditure: |
|
|
|
|
|
Restocking |
|
2774 |
|
|
4101 |
Repairs & Maintenance |
|
1031 |
|
|
41 |
Insurance |
|
418 |
|
|
365 |
A.G.M. Expenses (Catering) |
|
37 |
|
|
182 |
Competition Entry Fees, Expenses & Prizes |
|
0 |
|
|
30 |
Sutherland Sports Council Affiliation Fee |
|
15 |
|
|
15 |
Secretary's Honorarium |
|
300 |
|
|
300 |
Boat Convenor's Honorarium |
|
75 |
|
|
10 |
Trophies & Engraving |
|
96 |
|
|
36 |
Advertising Printing & Postage |
|
84 |
|
|
-9 |
Chairman's Expenses |
|
10 |
|
|
10 |
Treasurer's Expenses |
|
10 |
|
|
|
Road Convenor's Expenses |
|
30 |
|
|
30 |
Gratuities |
|
25 |
|
|
0 |
Depreciation |
|
75 |
|
|
1,747 |
|
|
--------------- |
|
|
-------- |
TOTAL EXPENDITURE |
|
5,843 |
|
|
8,282 |
|
|
--------------- |
|
|
------- |
SURPLUS FOR YEAR |
|
905 |
|
|
24 |
DORNOCH & DISTRICT ANGLING ASSOCIATION
CAPITAL ACCOUNT FOR YEAR ENDED 31 DECEMBER 2020
|
N.B.V. |
|
Boat fund |
|
N.B.V. |
|
01-Jan-20 |
Additions |
Received |
Depreciation |
31-Dec-20 |
|
£ |
£ |
£ |
£ |
£ |
FIXED ASSETS |
|
|
donations |
|
|
|
|
|
|
|
|
Other Boat - Bhuidhe |
1 |
|
|
0 |
1 |
Orkney Spinner - "Angus Murray" |
1 |
|
|
0 |
1 |
Coulam - "Pheadair" |
1 |
|
|
0 |
1 |
Coulam - "Captain Bob" |
1 |
|
|
0 |
1 |
Simpson "Dr J R J" |
1 |
|
|
0 |
1 |
Simpson "Judi G" |
1 |
|
|
0 |
1 |
Simpson "Balloan" |
1 |
|
|
0 |
1 |
Pioneer @ Balloan |
1 |
|
|
0 |
1 |
Simpson "Thomson" |
1 |
|
|
0 |
1 |
Coulam " " |
1 |
|
|
0 |
1 |
Simpson 12' " " |
1 |
|
|
0 |
1 |
Simpson 15' " " |
1 |
|
|
0 |
1 |
Larch Boat "MOG" |
0 |
1 |
|
0 |
1 |
Laoigh Shed |
1 |
|
|
0 |
1 |
Boathouse (Loch Lannsaidh) |
1 |
|
|
0 |
1 |
Echo Sounder, Aeration Pumps |
1 |
|
|
0 |
1 |
Life Jackets |
1 |
|
|
0 |
1 |
Lannsaidh Loo |
1 |
|
|
0 |
1 |
Indespension |
781 |
|
705 |
75 |
1 |
Solar lighting |
1 |
|
|
0 |
1 |
Electronic scales |
1 |
|
|
0 |
1 |
|
---------- |
------------ |
------------ |
------------ |
-------------- |
|
800 |
1 |
705 |
75 |
21 |
CURRENT ASSETS |
|
|
|
|
|
Cash in Hand |
|
|
|
|
0 |
Bank Account |
|
|
|
|
3559 |
Fixed Deposit |
|
|
|
|
18000 |
Future Boat Fund |
|
|
|
|
0 |
Debtors and Prepayments |
|
|
|
|
155 |
|
|
|
|
|
-------------- |
|
|
|
|
|
21,714 |
CURRENT LIABILITIES |
|
|
|
|
|
Creditors |
|
|
|
|
800 |
|
|
|
|
|
-------------- |
|
|
|
|
|
800 |
|
|
|
|
|
20,914 |
|
|
|
|
|
-------------- |
NET CURRENT ASSETS |
|
|
|
|
20,935 |
|
|
|
|
|
======== |
Represented by:- |
|
|
|
|
|
Balance at 1 January 2020 |
|
|
|
|
20,030 |
Add Surplus for Year |
|
|
|
|
905 |
|
|
|
|
|
-------------- |
Balance at 31 December 2020 |
|
|
|
|
20,935 |
|
|
|
|
|
======== |
|
|
|
|
|
|
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
Hon. Auditor