Finance Report 13th June 2022
The Bank balances as at 9 th June are £116 k
Members Loans at £36,000 all currently to be paid back in Aug 2022. We will
be contacting the relevant members shortly to discuss extending the loans.
The 22/23 Budget currently includes paying back £12k so we are looking for
£24k of extensions to carry forward.
22/23 Draft Budget forwarded to Exec committee prior to this meeting in order
to review and adopt.
Roof repairer chosen £18k including VAT, due to start end of June 22.
2 Buggies purchased net £7k, also 1 on a Finance Lease which will
automatically become ours after 3 years.
We have applied/filed to be registered for VAT from 1.4.22, with the Budget
including some £30k worth of additional one-off spend we should be able to
recover about £6k in 22/23 , briefly looking forward we should just be a net
receiver of VAT so still worth doing in a ‘more typical year’.
OTHER FINANCE AGENDA ITEMS
Green Fee & Buggy rates have now been reviewed and increased from 6 th June
Citizen’s advice Bureau advised me to go to golfing authorities re the Standing Order
PlayMore Golf, – our dealings with PMG expired on 31.5.22, existing members will be
able to use up any remaining points. 1 member has converted to a Full member, we
should consider looking to convert the others remaining.
3 rd Fairway netting, posts, signs – chased again Tues 7 th June