CLTC AGM 6[th] June 2025
Treasurer’s Report for the year-end 31/12/2024
Governance
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A huge thank you to Peter for all his work and efforts as treasurer. Having undertaken the role this year I can firmly say that Peter was instrumental in setting up a good foundation of controls and oversaw far more than I think people realised.
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For the past few years we have been grateful to Richard Hallett for undertaking the independent audit of the clubs figures. Going forward if anyone else would like to volunteer for this, I’m sure Richard would be grateful!
Member subscriptons
Member subscriptions for 2024 saw a slight increase of around 10% compared to 2023. We give members the choice of paying by card, by Direct Debit or by Bank Transfer. For the first two options we pay a commission which totalled £474 in 2024 the equivalent of 2.4% of gross subscriptions.
We continue to see rising costs which is why we found it necessary to raise subs again this current year, 2025. However, we believe the Club still offers great value to Members including free or pay-as-play coaching sessions, organised tournaments, an inter-club leaguer, free use of tennis balls, a ball machine, an expanding social events programme, a more-accessible and comfortable Clubhouse.
Sinking Fund
Our “sinking fund” is money we put aside each year for anticipated major future expenditure, specifically Courts resurfacing and Clubhouse Refurbishment. As at end of 2024 the sinking fund had a balance of £52,000.
Income & Expenditure Account and Reserves (cash positon).
See next page.
Alex BERRIDGE, Treasurer, CLTC
K-C Sensitive
Income & Expense Statement
| Income Subs Visitor & Guest Fees Coaching income Bar +BBQ net of exps Events ticket sales Donations received Grants/Loans Interest Expenses Clubhouse & Court Rent Courts expenses Tennis Balls Clubhouse Expenses Refurbishment Expenses Afl ation Fees Coaching expenditure Cleaning Insurance Locks and Keys Kitchen Clubhouse structural survey Print & Engraving Website Fees Legal fees Electricity Misc MSDC Season tickets Credit Card Fes Court Repairs Surplus / (Defcit) Opening Balance Closing Balance Current A/c Reserves Deposit A/c Fixed Term Deposit |
2024 2023 Variance 19,884 17,518 14% 1,905 1,509 26% 1,608 1,606 0% 2,586 146 1675% 2,325 1,607 45% 380 195 95% - - 1,288 244 427% 29,976 22,356 34% (1,581) (1,977) -20% (929) (8,267) -89% (990) (929) 7% (2,917) (1,312) 122% (5,125) (420) (461) -9% (123) (240) -49% (886) (859) 3% (1,301) (1,202) 8% (552) (14) 3989% (480) (591) -19% 105 (354) -130% (640) (291) 120% (10) (10) 0% (13) (13) 0% (1,155) (741) 56% (673) (166) 306% - - (474) (468) - - (18,163) (17,424) 4% 11,812 4,932 140% 44,854 39,922 12% 56,666 44,854 26% 1,599 959 67% 19,441 8,606 126% 15,627 15,289 2% 20,000 20,000 0% 56,666 44,854 26% |
|---|---|
K-C Sensitive
Commentary
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Membership subs were up 14% due to a mix in volume & price
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Bar takings, BBQ's and event ticket sales increased from c.£1,500 to c.£5,000 (Carol & Duncan)
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Interest increased by 427% which was largely helped by a reclassification of historical current account interest
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Refurbishment expenses (see below) now being incurred driven largely by new security shutters for the bar area (£2,755) and architecture fees (£942)
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Misc expenses relates to a £500 floodlighting survey
Refurbishment Expenses
| Peter Brinsley refund re storage units | 332 |
|---|---|
| Phil Cheeseman (carpentry, bar area) | 955 |
| Access & Security bar shutters | 1,800 |
| Refund Kathy GOFF re lights, key safe + DBS fee | 381 |
| Phil Cheeseman re partition removal | 200 |
| Refund Peter Brinsley re paints for refurbishment | 189 |
| Refund Peter Brinsley re wht spirit and masking tape | 14 |
| David Bushby Ltd (electrician) | 174 |
| Refund Kathy GOFF re paint for bar area | 26 |
| Refund P BRINSLEY for Amazon: UV flm for windows | 80 |
| Refund BRINSLEY re windows flm (patio doors) | 32 |
| Peter Liddell | 630 |
| Peter Liddell | 312 |
| 5,125 |
Transaction fees
| Stripe Go Cardless Bank Transfer Total |
Net Subs Fee % Fees Gross Subs 10,458 3.60% 390.55 10,848.55 3,732 2.20% 83.95 3,815.95 5,220 5,220 |
|---|---|
| 19,410 2.4% 474 19,884 |
K-C Sensitive
| 2032 | 15 | 2,375 | 1,000 | 5,000 | 119,000 | |||
|---|---|---|---|---|---|---|---|---|
| 2031 | 14 | 2,375 | 1,000 | 5,000 | 110,625 | |||
| 2030 | 13 | 2,375 | 1,000 | 5,000 | 102,250 | |||
| 2029 | 12 | 2,375 | 1,000 | 5,000 | 93,875 | |||
| 2028 | 11 | 2,375 | 1,000 | 5,000 | 85,500 | |||
| 2027 | 10 | 2,375 | 1,000 | 5,000 | 77,125 | |||
| CLTC | Sinking Fund Proposal with additional contributions | Year Brought Fwd 2025 2026 |
8 9 |
Courts 26,000 2,375 2,375 |
Clubhouse 26,000 1,000 1,000 |
Additional contribution 5,000 5,000 |
Cumulative 52,000 60,375 68,750 |
K-C Sensitive
Registered Number 08915248 CUCKFIELD LAWN TENNIS CLUB LTD Micro-entity Acc(bunts 31 December 2024
CUCKFIELD LAWN TENNIS CLUB LTD Registered Number 08915248 Micro-entity Balance Sheet as at 31 December 2024 Note.$ 2(J24 2()23 Fixed Assets Current Assets 56,666 44,854 Prepayments and accrued income Creditors: amounts falling due within one year Iyet current assets (liabilities) 56,666 44,854 Total assets less current liabilities 56,666 44,854 Creditors: amounts falling due after more than one year Provisions for liabilities Accruals and deferred income Total net assets (liabilities) 50,666 44,854 Reserves 56,666 44,854 For the year ending 31 December 2024 the company was entitled io exemption under seciion 477 Ot. the Coinpanies Act 2006 relating to small coinpanies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation ot. accounts. Tlic aLLouTils liave beeri prcparcd iri aLLordanLe willi ilie TiiiLru-eIiLily provisiuiis aiid delivered iri accordance with the provigions applicable to companies subject to the small companies regime. Approved by the Board on 6 June 2025 And signed on their behalf by: Alexander Berridge, Director
CUCKFIELD LAWN TENNIS CLUB LTD Registered Number 08915248 Notes to the Micro-entitv Accounts for the period ended 31 December 2024 Employees 2024 202_1 Average number of employees during the period This document was delivered using electronic communications and authenticated in accordance with the registrar's rules relating to electronic forrn, authentication and manner of delivery under section 1072 of the Coinpanies Act 2006.
2911012025, 17.'11
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Outlook
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2911012025, 17.'11 Fwd.. - Berridge, Mex- Ouuook Alex Berridge | GBS Business Analyst, GBS Finance Email: lex.berridge kcc.com | Mobile Phone: +44 7803 355576 GLOBAL BUSINESS SERVICES hityVAIAe7W&¢W1Swk1 K-C Internal Only about.'blank?wndowld-SecondaryReadingPane10 212