2020-12-31-accounts

Treasurer’s Report for the 2020 Annual Accounts

As we all know, 2020 was a strange and challenging year. On Monday 23[rd] March 2020, the UK went into lockdown and the Club was not able to open again until the beginning of July, albeit under COVID restrictions which limited the number of people allowed to shoot. As many of our members are in the older age groups, many chose to shield which also had an impact upon attendance and consequently income which fell by just over £11,000 compared to the previous year. Fortunately for the Club, subscriptions are paid at the start of the year and we were also lucky enough to qualify for a £10,000 grant from the Council. All other areas of income were affected and reduced, e.g. competition fees, ammunition sales and range fees.

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INCOME
Grants
28%
Subscriptions
46%
Other Income
2%
Ammunition Sales
5%
Range Fees
BRC Lottery
7% Fund Coaching Competition fees
Courses 1%
8%
3%
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In terms of actual subscriptions (as opposed to financial year), the situation was as expected since most members renewed at the start of the year. There was no income from new members due to first lockdown and then no coaching allowed when restrictions were partially lifted in July which prevented the Club from taking on probationary members.

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Subscriptions by Accounting Year
30000
25000
20000
15000
10000
5000
0
2016 2017 2018 2019 2020
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Subscriptions are shown for the accounting year but in reality, members start paying their fees in December. The next graph shows the actual subscriptions paid, i.e. by the time period to which the subscriptions apply rather than when they were paid.

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Actual Subscriptions
25000
20000
15000
10000
5000
0
2016 2017 2018 2019 2020
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Expenses are likewise reduced. There were no insurance payments (fell into 2021) or marketing costs, stationery or postage and overall all costs were down apart from the utilities and loan repayments. Maintenance costs include purchase of hand sanitiser, fans and other COVID-related items. The Club has now paid off all the short-term loans raised for the new Clubhouse & Indoor Air Range with just the long term loans (£43,000) outstanding.

To summarise, the expenses were down by just over £23,000 so the end of year figures show income of £35,080 with expenditure of £25,124 so net receipts of £9,506. Without the grant, the club would have incurred a small loss of just under £500 but overall, the financial position is good for 2021.

A4Assetandinvestment
purchases,etc.
Total payments	25,124	I	.	25,124	48,406
Net of receipts/fpayments)	9,506	450	.	9,956	1,963
ASTransfersbetweenfunds				.	_
			_
A6Cashfundslastyearend	14.383	11,355	.	25,738	27,701
Casft_funds this year end_	23,889	11,865	.	35,694	25,738
SectionBStatement	ofassetsandliabilitiesat		the end of the	period
			Unrestricted	Restricted funds	Endowment
Categories	Details		funds		funds
			to nearest £	to nearest £	to nearest £
B1Cash funds	CurrentAccount(s)		5,759		-
	ReserveAccount{incl.Disabilityfunds)		8,551	11,805
	SRCLotteryAccount		9,579	-	-
		Total cash funds	23,889	11,805	-
	(agreebalanceswithreceiptsandpaymentsacccurt(s))		0
			Unrestricted	Restricted funds	Endowment
			funds		funds
	Details		to nearest £	to nearest £	to nearest £
82 Other monetary assets			-	-	-
			-	-	-
				-	-
			Fund to which asset		Current value
	Details		Wongs	CosMoptoona.)	(optional)
S3investment assets				-	-
				-	-
				-	•
	Details		Fund to which asset belongs	Cost (optional)	Current value (optional)
B4Assets retainedforthe	Ammunition stock 31/12/2020		Unrestricted	-	1,133
charity'sown use				-	-
				•	-
			Fundtowhich	Amountdue	Whendue
	Details		Ilabilityrelates	(optional)	(optional)
B5Liabilities	Loan towardsnewclubhousefrom members-		NewClubhouse	43,000	2020-2025
	to berepaid over5years startingMay2016
	andLong term fromMay2021to2025
Signedby one or twotrusteeson behalfof ail thetrustees	Signature		PrintName		Dateofapproval
			"f"/

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report R•port to the trusteosl members of Bookham Rifie Club On a¢counts for the year ended 3111212020 Charlty no (If any) 217311 Sot out on pages CC16a pages R1 & R2 I report to the trustees on my examination of the accounts of the above thartty (Ihe Trusf) for the year ended 3111212020. Responslblllllos and As the chariiy trustees of the Trust, you are responsible for the preparation basls of report of the ac£ounts in accorylance with the requirements of the ChaTities Act 2011 (Yhe Acr). I report in respect of my examination of the Trust's accounts Carried out under section 145 of the 2011 Ad and in carrying out my examination. I have follow8d the applicable Directions given by the Chaiity Commission under 8e¢tion 145{5)(b) of the Act. I have compteted my examination. I confirm that no material matters have come to my attention in connection with the examinatK)n whtch give8 me cause to believe Ihat in, any material respect: accounting records were not kept in accordance with Section 130 of the Ad or the accounts do not t£cord with the acwunting records Independent examinevs statement I have no COn￿mS and have come across no other matters in connection wrth the examinalion to which attention should be drawn in order to enable a proper understanding of the ac£x>unts to be reached. ' Please delete the worfs in brackets rfthey do not apply. Slgned: Ib Name: JPK rFCA Relevant prof•ssional qualificatlon($) or body Ilf any): Inststute of Chartered Ac(x>untsnts in England and Wales Address: 9 Orchard Drive, Ashtead. Surrey lff212PD Sèction B DisclosLI re Only complete rf the examiner needs to highligm matters of ￿nCern (see CC32. Independent examination of charity accounts: diredions and guidance for examiners). IER October 2018