Quorn Mills Park Bowling Club
Receipts and Payments Account for the Year from November 1st, 2023, to October 31[st] , 2024.
Receipts £’s 2022/23 2023/24
| Receipts £’s | 2022/23 | 2023/24 |
|---|---|---|
| Bar Takings | 10665 | 10523 |
| Members Subscriptons | 7592 | 7400 |
| FundraisingEvents(Winter FridayNights etc) | 2870 | 2649 |
| Hire of Clubhouse | 222 | 397 |
| Short Mat Bowls | 3486 | 2953 |
| Match Revenue(Net)from Men’s Teas/Rafes | 963 | 987 |
| FridayNight Roll Up | 640 | 500 |
| Match Revenue – Mixed and SundayEvents | 749 | 768 |
| Match Revenue(Net)Ladies Teas/Rafes | 246 | 264 |
| Club and CountyCompettons – Entrance Fees | 837 | 588 |
| Sponsorship/Donatons | 5899 | 1342 |
| Sales Tables etc | 505 | 454 |
| Shirt Sales | 22 | 217 |
| Loto Bingo | 180 | 121 |
| Miscellaneous Income | 1701 | 3224 |
| Grants | Nil | Nil |
| Total Receipts | £36557 | £32387 |
Payments £’s 2022/ 23 2023/24
| Payments £’s | 2022/23 | 2023/24 |
|---|---|---|
| Green Maintenance | 3367 | 3548 |
| Grounds Maintenance | 7987 | 990 |
| Bar Purchases | 6213 | 5640 |
| Insurances | 2223 | 2342 |
| Bowls Entrance Fees,BL Capitaton Fees | 1324 | 1137 |
| Housekeeping | 526 | 656 |
| TrophyCosts/Engraving | 466 | 523 |
| Electric | 775 | 1120 |
| Gas | 975 | 1572 |
| Treasurer/Secretarial Costs | 277 | 63 |
| Licences | 180 | 264 |
| Donatons | 465 | 90 |
| Event Costs | 2201 | 227 |
| Miscellaneous Expenses | 612 | 3543 |
| Shirts | Nil | 3272 |
| Rent | 2400 | 2400 |
| Water | 1668 | 890 |
| Total Payments | £31659 | £28277 |
Excess of Receipts over Payments for Year £4110
Cash Balances
| Cash Balances | |
|---|---|
| Closing Balance 31/10/24 | |
| Natwest Current Account | £21361 |
| Natonwide B.S 1 Year Fixed Rate Saver | £21064 |
| Natwest LiquidityManager 35 DayAccount | £20588 |
| Pety Cash | £151 |
| Total | £63164 |
| Bar Stock £1075 | |
| Opening Balance 1/11/23 | |
| Current Account | £37247 |
| Natonwide BS Fixed Rate Savers Accounts | £20,353 |
| PetyCash | £242 |
| Total | £57242 |
| Bar Stock £1194 |
Summary
Season 2023/4 saw another year of receipts exceeding expenditure, on this occasion by around £4000.
Although total income was down on last year, total spending was also down by a similar amount.
The club remains in a strong financial position, with total financial assets increasing by approximately £6000, which includes a substantial increase in interest received from our investments with Natwest and Nationwide.
Trustees Report for Charites Commission
Income
Despite poor weather throughout much of the season, income from bowling and fundraising events held up well. Revenue from membership subscriptions was maintained at last year’s record levels.
Short Mat Bowls has again yielded valuable income during the winter period, and wintertime Friday night social events kept the club active all year.
Expenditure
There were no significant capital expenditure projects completed this year, and as a result total expenditure decreased.
As predicted gas and electricity costs increased significantly as we came to the end of a 3-year contract when prices were much lower than now. After such a wet summer water costs were much reduced.
Investment
A welcome return to improved interest on our investments saw a significant increase. The club’s reserves remain very healthy.
Prospects
Whilst it is encouraging to see another year where receipts exceeded expenditure, our revenue producing capacity does seem to have reached a bit of a plateau. Unfortunately costs for many fixed items such as utilities and insurance are still moving upwards, and we will need to ensure our subscriptions and prices will reflect costs. An increase of 5% in 2025 season membership subscriptions was agreed at our December 2024 AGM.
Large scale development, such a renovation of the green’s ditches, improving changing accommodation and clubhouse enlargement will require a lot more money than we can currently fund, so securing grants and possibly favourable loans will become increasingly important.
John Ventham
Treasurer
Quorn Mills Park Bowling Club
Receipts and Payments Account for the Year from November 1st, 2023, to October 31[st] , 2024.
Receipts £’s 2022/23 2023/24
| Receipts £’s | 2022/23 | 2023/24 |
|---|---|---|
| Bar Takings | 10665 | 10523 |
| Members Subscriptons | 7592 | 7400 |
| FundraisingEvents(Winter FridayNights etc) | 2870 | 2649 |
| Hire of Clubhouse | 222 | 397 |
| Short Mat Bowls | 3486 | 2953 |
| Match Revenue(Net)from Men’s Teas/Rafes | 963 | 987 |
| FridayNight Roll Up | 640 | 500 |
| Match Revenue – Mixed and SundayEvents | 749 | 768 |
| Match Revenue(Net)Ladies Teas/Rafes | 246 | 264 |
| Club and CountyCompettons – Entrance Fees | 837 | 588 |
| Sponsorship/Donatons | 5899 | 1342 |
| Sales Tables etc | 505 | 454 |
| Shirt Sales | 22 | 217 |
| Loto Bingo | 180 | 121 |
| Miscellaneous Income | 1701 | 3224 |
| Grants | Nil | Nil |
| Total Receipts | £36557 | £32387 |
Payments £’s 2022/ 23 2023/24
| Payments £’s | 2022/23 | 2023/24 |
|---|---|---|
| Green Maintenance | 3367 | 3548 |
| Grounds Maintenance | 7987 | 990 |
| Bar Purchases | 6213 | 5640 |
| Insurances | 2223 | 2342 |
| Bowls Entrance Fees,BL Capitaton Fees | 1324 | 1137 |
| Housekeeping | 526 | 656 |
| TrophyCosts/Engraving | 466 | 523 |
| Electric | 775 | 1120 |
| Gas | 975 | 1572 |
| Treasurer/Secretarial Costs | 277 | 63 |
| Licences | 180 | 264 |
| Donatons | 465 | 90 |
| Event Costs | 2201 | 227 |
| Miscellaneous Expenses | 612 | 3543 |
| Shirts | Nil | 3272 |
| Rent | 2400 | 2400 |
| Water | 1668 | 890 |
| Total Payments | £31659 | £28277 |
Excess of Receipts over Payments for Year £4110
Cash Balances
| Cash Balances | |
|---|---|
| Closing Balance 31/10/24 | |
| Natwest Current Account | £21361 |
| Natonwide B.S 1 Year Fixed Rate Saver | £21064 |
| Natwest LiquidityManager 35 DayAccount | £20588 |
| Pety Cash | £151 |
| Total | £63164 |
| Bar Stock £1075 | |
| Opening Balance 1/11/23 | |
| Current Account | £37247 |
| Natonwide BS Fixed Rate Savers Accounts | £20,353 |
| PetyCash | £242 |
| Total | £57242 |
| Bar Stock £1194 |
Summary
Season 2023/4 saw another year of receipts exceeding expenditure, on this occasion by around £4000.
Although total income was down on last year, total spending was also down by a similar amount.
The club remains in a strong financial position, with total financial assets increasing by approximately £6000, which includes a substantial increase in interest received from our investments with Natwest and Nationwide.
Trustees Report for Charites Commission
Income
Despite poor weather throughout much of the season, income from bowling and fundraising events held up well. Revenue from membership subscriptions was maintained at last year’s record levels.
Short Mat Bowls has again yielded valuable income during the winter period, and wintertime Friday night social events kept the club active all year.
Expenditure
There were no significant capital expenditure projects completed this year, and as a result total expenditure decreased.
As predicted gas and electricity costs increased significantly as we came to the end of a 3-year contract when prices were much lower than now. After such a wet summer water costs were much reduced.
Investment
A welcome return to improved interest on our investments saw a significant increase. The club’s reserves remain very healthy.
Prospects
Whilst it is encouraging to see another year where receipts exceeded expenditure, our revenue producing capacity does seem to have reached a bit of a plateau. Unfortunately costs for many fixed items such as utilities and insurance are still moving upwards, and we will need to ensure our subscriptions and prices will reflect costs. An increase of 5% in 2025 season membership subscriptions was agreed at our December 2024 AGM.
Large scale development, such a renovation of the green’s ditches, improving changing accommodation and clubhouse enlargement will require a lot more money than we can currently fund, so securing grants and possibly favourable loans will become increasingly important.
John Ventham
Treasurer
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to tho trusteesl members of Quorn Mills Park BlINd Club On accounts for the year ended October 31st 2024 Charlty no (If any) 1182715 S•t out on pages I report to the trustees on my examination of the accnunts of the above charity (Ihe Trusf) for the year ended Respon$ibllilies and As the charity trustees of the Trust, you ar8 responsib for the preparation basis of report of the accounts in accdan wth the requirements of the Charities A¢t 2011 (Ihe Arf). I report in respect of my examination of the Trust's accounts carried out under seclion 145 of the 2011 Act and in carrying out my examination. I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confimi that material matters have ¢ome to my attention (other than that discbsed below ") in connection with the examination which gives me cause to believe that in. any material Ind6pandent gxamin•rfs statemgnt accounting records were not kept in accordanix with section 130 of theAdor the accwnts do not ac with the accountiry records I have no concems arKI have come acwss no other matters in ¢onn8dion with the examination to vthich attention shoukd be drawn in order lo enable a proper understanding of the accounts to be reached. Pleas delete the words in the brackets rfthey do not apply. Slgned: Name: Relevant professlonal qualifiGation(sl or body (If any): JOI IST- Address: 103 Mfcyith Si Lfifi IER October 2018