## **Penybont Surf Lifesaving Club** ## **Treasurers Report for the 12-month period ended 31 March 2024** ## **Financial performance – Current Account** **Pen-Y-Bont Surf Lifesaving Club Annual Accounts 31 March 2024 12 month period** |**Financialperformance – Current Account**|**Financialperformance – Current Account**| |---|---| |**Pen-Y-Bont Surf Lifesaving Club**
**Annual Accounts 31 March 2024**
**12 month period**
**£**
**Opening Cash Balance**
**01-Apr-23**
**25,101**
Membership Income
28,300
SLSA Fees
(3,416)
Net Membership
**24,884**
Insurance costs
**(4,270)**
Donations
**4,029**
Pool fees
**(15,092)**
Equipment
**(8,256)**
**Competitions**
Entry fees received
9,165
entry costs
(12,822)
**(3,658)**
Club house repairs
**(1,935)**
Events and parties
**2,893**
clothing sales (net)
**169**
Awards
**(1,152)**
Strip fees
**(846)**
Others
**39**
Transfer to reserves
**(8,581)**
**Closing Balance of current Account**
**31-Mar-24**
**13,325**
**check to bank**
**0**|| |**£**
**Opening Cash Balance**
**01-Apr-23**
**25,101**
Membership Income
28,300
SLSA Fees
(3,416)
Net Membership
**24,884**
Insurance costs
**(4,270)**
Donations
**4,029**
Pool fees
**(15,092)**
Equipment
**(8,256)**
**Competitions**
Entry fees received
9,165
entry costs
(12,822)
**(3,658)**
Club house repairs
**(1,935)**
Events and parties
**2,893**
clothing sales (net)
**169**
Awards
**(1,152)**
Strip fees
**(846)**
Others
**39**
Transfer to reserves
**(8,581)**
**Closing Balance of current Account**
**31-Mar-24**
**13,325**
**check to bank**
**0**|| ||**13,325**| ||**0**| The above accounts have been prepared on a cash basis. The club commenced the year with £25,101, within our current account and ended the year with a balance of £13,325. We generated £24,884 from membership fees – membership continues to be healthy. Our main costs are insurance for the club and kit of £4,270, and for Pool hire on Thursday (and additional sessions for Stillwater training) of £15,092, which is net of income received. We have invested in kit of £8,256 with the predominant spend being on a double ski and also nipper Boards. We received donations of £4,029. £300 of which was kindly received from the Family if Peter Lake. £2,000 of the donation was used towards nipper Board. Events proved costly as we do not charge for relays and these netted a loss of £3,658. Events and parties proved a good net contributor to the club generating income of £2,893. In addition, we transferred £8,581 to reserves. A summary of which is below. ## **Summary of reserves** **----- Start of picture text -----**
Penybont reserves summary
£
Opening Amount 01-Apr-23 19,734.09
Interest received 180.66
Transfer in 31.10.2023 4,613.48
Transfer in 31.10.2023 748.00
Transfer in 31.10.2023 2,000.00
Transfer in 31.10.2023 500.00
transfer in 31.10.2023 720.00
transfer out 8.2.2024 (2,000.00)
Reserves bank account 31-Mar-24 26,496.23
26,496.23
Retained 19,914.75
Container 748.00
Club house 4,613.48
Nipper Camp 1,220.00
Equipment
26,496.23
**----- End of picture text -----**
The club reserves have increased to £26,496.23. This is as result of the transfer in from the current account noted above. As noted we utilised £2,000 to pay for nipper Boards. A summary of the retention purposes of reserves is shown above. ## **True and Fair** The above statements show a true and fair reflection of Penybont Surf Lifesaving Clubs performance at 31 March 2024 _Huw M Lewis_ ## **Huw Lewis (Treasurer)**