Finance Report 26th October 2022
- The Bank balances as at 20th October are £83k
- Members Loans update – 12k being paid back this month, leaving £24k to pay back over the next 2 years.
- 21/22 Accounts with Accountants, expected back end of Oct / early Nov.
- 22/23 1st Quarter P&L Actuals were in line with budget.
- 22/23 Half year ( Apr 1st 2022 to 30th Sept 2022 ) Finance Summary of income less costs shows a surplus vs the budget of £23k ( sheet available ) but we will pay back the £12k of loans in October so this will leave us £11k net better than our 6 month budget, some of which we will use for the Mower now sourced .
- VAT registration confirmation ongoing.
- Insurance renewal – old quote extended while we review the new quote, expected to complete by end of October.
OTHER FINANCE AGENDA ITEMS
- Possible Flexible Membership category was considered at last Exec meeting, we are proposing a new category called “Away Membership“, the parameters are :-
- Already a Member of another club.
- Fee to be £400 per annum.
- Can play in certain competitions (list to be proposed by Golf Committee).
- This fills a gap between Country Members and Full members.
- This would apply to about 4 currently, may attract more.
- Articles will need to be amended to include if accepted.
- Beer Price Increase 4%
- Mower now sourced, price agreed, delivery expected Friday 21st Oct.
- 3rd Fairway netting finish and posts/signs chased at least once a month.
- Dossier in draft of all the issues that the new housing development has caused us
- Electricity & Gas renewals due end November 22.