## **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**|
||||