PAPER TO: Bitternes Afloat Trustees and Members FROM: Commodore
DATE: 31[st] August 2024
SUBJECT: Bitternes Afloat Annual Report
1 Bitternes A Report
The Easter event comprised 13 yachts, plus a half decker with 53 young people including 13 attending for the first time. The event passed without any significant issues or events and excellent feedback was received from parents and the young people post the event.
2 Bitternes B Report
Bitternes B took place again in July 2024 with only 11 people booked. Although smaller numbers it meant that more time could be spent building deeper relationships and gaining more quality coaching for the sailing aspects as well as the leadership learning. The spiritual programme worked well this year with good discussions in cabin clubs. With fewer people we were able to be accommodated on only three boats which reduced costs a little bit, allowing us to make a small surplus. This was another successful cruise, with lots of learning opportunities, and enjoyed by all.
3 Finance Report - August 2023 to July 2024
The accounts returned to a surplus of £1745 in 23/23 compared to deficit in 22/23. This was largely due to Bitternes A attracting better numbers and hence better Holiday Payments being received. Donations were also up on the previous year.
At the same time costs were reduced through better management and focus including Bitternes A food and travel and insurance costs were also significantly reduced by changing our approach to insurance – we are now insured as an organisation with mush more extensive cover including all activities rather than seeking specific insurance for each event which had become significantly more difficult and expensive.
BITTERNES AFLOAT
2024
| INCOME Bitternes A HOLIDAY PAYMENTS BANK INT/CHARGES DONATIONS - regular - unclaimed cruise expenses - Friends for holiday payments - from PCC for holiday payments - External trainng - Friends for training - to Friends Sub Total Training Bitternes B Reunion (70th) Clothing TOTAL INCOME Surplus/Deficit Carried from prior year Bitt B exes Insurance Traing w/e exes Carried to CY25 Bitt B Food Bitt B exes Bitt B boats Start C24 Bank Balance End C24 Bank Balance Cash Surplus |
2024 ACTUAL 2023 Actual EXPENDITURE 21,904.00 18,640.00 BOATS 47.27 1.02 FOOD TRAVEL 915.00 685.00 MISC 35.00 790.96 HALL / TOILETS 1,540.00 1,390.00 INSURANCE 0.00 BANK INT/CHARGES 0.00 0.00 2,476.99 1,755.00 - Friends for holiday payments 26,918.26 23,261.98 560.00 431.00 Training - exec / barn / Sept 2,650.00 3,055.00 Bitternes B 0.00 Reunion (70th) 593.23 Clothing 30,128.26 27,341.21 TOTAL COSTS 1,745.76 -4,359.68 487.88 560.71 99.67 0.00 1,148.26 debit 374.53 200.00 342.75 917.28 credit 9,666.29 11,412.05 1,745.76 less C23 items in FY24 1,148.26 debit plus carried to C25 917.28 credit Management Surplus 1,976.74 |
2024 ACTUAL 2023 Actual 15,556.01 15,162.95 2,571.98 2,719.45 2,786.54 3,135.57 330.06 596.61 1,731.25 1,608.00 560.71 1,159.55 0.00 1,540.00 1,390.00 25,076.55 25,772.13 1,114.79 2,224.28 2,191.16 3,111.25 0.00 593.23 |
|---|---|---|
| 28,382.50 31,700.89 |
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