Unapproved Audited 2021 Accounts
TREASURER’S REPORT FOR THE 2021 SEASON
A copy of the audited Income & Expenditure Account and Balance Sheet for the year ended 31 December 2021 follows this report.
INCOME
Income, excluding Donations, amounted to £7,972 an increase of £1,244 (19.16%)
Total permit income of net £3,506 shows an increase of £482 (15.94%). This was all member permits as visitor’s permits were not available. The committee also decided that 2021 would be member only – there will be consideration on this topic in due course for the 2022 season.
EXPENDITURE
Stocking
£3,164 was spent on stocking, an increase of £389 (14.04%) over the previous year.
A total of 747 rainbow/blue fish, weighing 1,076lb were stocked in 2021 compared to 1,248 fish weighing 1,248lbs in 2020.
Lease
Lease costs were unchanged. However I must record that William Thomson forgave part the rent for 2021 because of the disruption to the access to his lochs by the SSE project. We can expect small increases for the 2022 season.
Repairs and Maintenance
The repairs & maintenance costs decreased to £203.00 (-80.30%). The whins were cut back on Lannsaidh with a flail. George Lipp and Jack Hay have been instrumental in keeping Ghuibhais accessible.
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 was £394.00. Eric kindly opened the reception for permits and keys during lockdown and yet again they and their staff have been very good to the club.
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 2021. Rates are expected to remain low in line with their current levels.
FINANCIAL SUMMARY
The profit for the year amounted to £2,342 compared with profit of £905 for the year to December 2020. The 2021 season was also effected by Covid 19 with no visitor permits sold. We had more members venturing out, as reflected by the increase in permit revenue. There is also nothing left to depreciate. The committee have plans to discuss regarding altering the Lannsaidh access, with the owner’s approval.
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 2022 season from the current tariff.
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 2021 |
31-Dec-21 |
31-Dec-20 |
||||
INCOME |
£ |
£ |
|||
Membership Subscriptions |
3,403 |
2,460 |
|||
New Member Entry Fees |
600 |
500 |
|||
Sale of Permits: |
|||||
Members |
3,506 |
3,024 |
|||
Visitors |
0 |
0 |
|||
---------- |
-------------- |
|
|||
7,509 |
5,984 |
||||
Profit on Angling Booklets |
3 |
41 |
|||
Donations |
236 |
256 |
|||
Annual Outing |
140 |
212 |
|||
Bank Interest |
84 |
255 |
|||
Other Income |
0 |
0 |
|||
---------------- |
------------------- |
||||
TOTAL INCOME |
7,972 |
6,748 |
|||
EXPENDITURE |
|||||
Fishing Rents |
|||||
Cambusmore Estate |
270 |
270 |
|||
Sutherland Estates |
350 |
175 |
|||
W G Thomson |
300 |
0 |
|||
Birichen Estate |
350 |
350 |
|||
|
---------- |
-- |
|
||
1,270 |
795 |
||||
Fishing Rates: River Evelix |
75 |
69 |
|||
------------- |
|
------ |
|||
Total Rent & Rates |
1,345 |
864 |
|||
General Expenditure: |
|||||
Restocking |
3,163 |
2,774 |
|||
Repairs & Maintenance |
203 |
1,031 |
|||
Insurance |
426 |
418 |
|||
A.G.M. Expenses (Catering) |
0 |
37 |
|||
Competition Entry Fees, Expenses & Prizes |
0 |
0 |
|||
Sutherland Sports Council Affiliation Fee |
15 |
15 |
|||
Secretary's Honorarium |
300 |
300 |
|||
Boat Convenor's Honorarium |
75 |
75 |
|||
Trophies & Engraving |
28 |
96 |
|||
Advertising Printing & Postage |
0 |
84 |
|||
Chairman's Expenses |
10 |
10 |
|||
Treasurer's Expenses |
10 |
10 |
|||
Road Convenor's Expenses |
30 |
30 |
|||
Gratuities |
25 |
25 |
|||
Depreciation |
0 |
75 |
|||
---------------- |
----------------------- |
||||
TOTAL EXPENDITURE |
5,630 |
5,843 |
|||
------------- |
----------------------- |
||||
SURPLUS FOR YEAR |
2,342 |
905 |
|||
========= |
============= |
DORNOCH & DISTRICT ANGLING ASSOCIATION CAPITAL ACCOUNT FOR YEAR ENDED 31 DECEMBER 2021 |
|
N.B.V. |
Current Assets
Cash in Hand £0
Bank Account £5,718
Fixed deposit £18,254
Debtors and Prepayments (£16)
-------------
£23,956
Current Liabilities
Accrual £700
Net Current Assets £23,256
Total Assets less Current Liabilities £23,277
Represented by;
Balance as at 1st Jan. 2021 £20,935
Add Surplus for the year £2,342
------------
Balance as at 31st Dec. 2021 £23,277
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 in the name of an individual, as at present.
George Munro
Auditor