## **Treasurer’s Report for the 2023 Annual Accounts**
The 2023 Annual accounts show that the Club subscriptions provide just under half our income, down by 7% from 2022. Range hire, from the Target Shooting School, is another important source of income for the Club. Training courses which include the Junior Summer School organised jointly with the Target Shooting School contributed 10% of the income. Sessions for the Dyscover group, run by Mark Frampton, also generated around £540 – this money goes into the Disability Fund and is shown in the Restricted funds column. Ammunition sales have also increased by 3% from last year but this is probably due to price increases caused by the current Ukraine situation. Bank interest was actually enough to contribute 3% and other income consists of sundry sales, visitor fees, scrap metal recycling and the like. The lottery fund continues to make a small but significant 6% of income.
**----- Start of picture text -----**
Other Income* INCOME
2% Sundries
Bank interest 2%
3%
Ammunition Sales
14%
Subscriptions
Range fees/hire 48%
13%
BRC Lottery Fund
6%
Coaching Courses
10% Competition fees
2%
**----- End of picture text -----**
Subscriptions are shown for the accounting year but in reality, members start paying their fees in December for the following year.
**----- Start of picture text -----**
Subscriptions by Accounting Year
30,000
25,000
20,000
15,000
10,000
5,000
0
2018 2019 2020 2021 2022 2023
**----- End of picture text -----**
The next graph shows the actual subscriptions paid, i.e. by the year to which the subscriptions apply rather than when they were paid. The situation for 2022 showed a strong recovery but has slightly fallen off for 2023.
**----- Start of picture text -----**
Actual Subscriptions
25,000
20,000
15,000
10,000
5,000
0
2018 2019 2020 2021 2022 2023
**----- End of picture text -----**
**----- Start of picture text -----**
EXPENDITURE
Utilities Ammunition
7% purchases
Targets
16%
4%
Training Courses
7% Affiliation fees
1%
Sundries and
BRC Lottery Fund
refreshments
5%
3%
Competiton fees
Rent & rates
3%
5%
Insurance
Prizes and engraving 3%
2%
Capital expenditure
11%
Loan repayments
18%
Other expenditure
4% Maintenance &
repairs Loan interest
10% 2%
**----- End of picture text -----**
Other expenditure includes marketing, financial fees, stationery, social events etc.
Expenditure has increased slightly by around £1,200 as ammunition costs more and the capital expenditure includes the deposit of £3,349 for the solar panels. Maintenance costs are over £4,000 less than the previous year. The long-term loan repayments still make up 20% of outgoings and the good news is that the final payments are due in 2025.
To summarise, the end of year figures show income of £40,570 with expenditure of £34,247. This gives us net receipts of £6,323 with cash funds of £75,458.
## **Future Investments**
The Club was fortunate that we took out a 3-year electricity contract in August 2021 prior to the prices increasing – this expires this year. The Committee decided that installing in solar panels would be a good investment and shield us from any future price rises. Based on our current electricity use, which is just over 10,000kw a year, we are paying £1,771 a year which will cost us £2,884 based on the new contract prices - £1,113 more pa. Using these figures (without any increases in prices) and deducting the amounts that the solar panels will generate plus the amount stored in the batteries, the absolute worst-case scenario is payback between 13-14 years. The estimated cost savings from UK Solar Panels is around two thirds of annual bills is a 10 year break even payback (without any price increases). The solar panels and batteries are guaranteed for 25 years. However, it is likely that prices will increase over this time period meaning that payback will be sooner. Furthermore, it makes it easier to install more electrical equipment such as low wattage heaters in the clubhouse and air range to keep the ambient temperature a little higher. And we’re doing our bit for the environment. The one thing we didn’t anticipate was the complex planning process which has caused some delays but hopefully, the installation should happen by the end of the year.
||**Name of Charity**|**Name of Charity**|**Name of Charity**|**Name of Charity**|**Name of Charity**|**No (if any)**|**No (if any)**||**CC16a**|
|---|---|---|---|---|---|---|---|---|---|
||**Bookham Rifle Club**|||||**217311**||||
||**Receipts andpayments accounts**|||||||||
||**For the period**
**from**||Period start date||**To**||Period end date|||
||||01/01/2023||||31/12/2023|||
|||||||||||
|**Section A Receipts**|**and payments**|||||||||
||**Unrestricted**
**funds**||**Restricted**
**funds**||**Endowment**
**funds**||**Total funds**||**Last year**|
||**to the nearest £**||**to the nearest £**||**to the nearest £**||**to the nearest £**||**to the nearest £**|
|**A1 Receipts**||||||||||
|Ammunition Sales|**5,716**||**-**||**-**||**5,716**||**4,778**|
|Competition fees|**858**||**-**||**-**||**858**||**612**|
|Donations(Incl. DisabilityFund)|**123**||||**-**||**123**||**500**|
|Interest - Bank Gross|**1,038**||||**-**||**1,038**||**169**|
|BRC LotteryFund|**2,470**||||**-**||**2,470**||**2,587**|
|Range Fees|**5,300**||**-**||**-**||**5,300**||**5,295**|
|Subscriptions|**19,624**||**-**||**-**||**19,624**||**24,971**|
|Sundries|**852**||**-**||**-**||**852**||**690**|
|Other Income(scrapmetal,float)|**448**||||**-**||**448**||**1,089**|
|Visitor Fees|**40**||**-**||**-**||**40**||**63**|
|CoachingCourses|**3,561**||**540**||||**4,101**||**4,291**|
|**_Sub total_**|**40,030**||**540**||**-**||**40,570**||**45,045**|
|||||||||||
|**A2 Asset &investment**
**sales, etc.**|**-**||**-**||**-**||**-**||**-**|
|||||||||||
|**_Total receipts_**|**40,030**||**540**||**-**||**40,570**||**45,045**|
|||||||||||
|**A3 Payments**||||||||||
|Ammunition purchases|**5,521**||**-**||**-**||**5,521**||**4,711**|
|Affiliation fees|**394**||**-**||**-**||**394**||**521**|
|Bank & cardpayment fees|**286**||**-**||**-**||**286**||**252**|
|BRC LotteryFund|**1,547**||**-**||**-**||**1,547**||**1,347**|
|Capital expenditure|**3,709**||||||**3,709**|||
|Competition fees|**1,089**||**-**||**-**||**1,089**||**1,098**|
|Insurance|**861**||**-**||**-**||**861**||**1,270**|
|Loan repayments|**6,300**||**-**||**-**||**6,300**||**5,900**|
|Loan interest|**531**||**-**||**-**||**531**||**708**|
|Maintenance & repairs|**3,254**||**-**||**-**||**3,254**||**7,547**|
|Marketing& website|**294**||**-**||**-**||**294**||**60**|
|Other expenditure(incl. float)|**0**||||**-**||**-**||**5,951**|
|Prizes and engraving|**623**||||||**623**||**1,250**|
|Rent & rates|**1,656**||**-**||**-**||**1,656**||**1,728**|
|Social events|**178**||||||**178**||**251**|
|Stationery&postage|**126**||||||**126**||**41**|
|Sundries & refreshments|**1,183**||**-**||**-**||**1,183**||**816**|
|TrainingCourses|**2,338**||**481**||**-**||**2,819**||**2,214**|
|Targets|**1,518**||**-**||**-**||**1,518**||**1,260**|
|Utilities|**2,358**||||||**2,358**||**2,028**|
|**_Sub total_ **|**33,766**||**481**||**-**||**34,247**||**38,953**|
CCXX R1 accounts (SS)
11/07/2024
1
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|**A4 Asset and investment**
**purchases, etc.**|**-**||**-**||**-**||**-**||**-**|
|||||||||||
|**_Total payments_ **|**33,766**||**481**||**-**||**34,247**||**38,953**|
|||||||||||
|**_Net of receipts/(payments)_**|**6,264**||**59**||**-**||**6,323**||**6,092**|
|**A5 Transfers between funds**|||||**-**||**-**||**-**|
|**A6 Cash funds last year end**|**56,270**||**12,865**||**-**||**69,135**||**63,043**|
|**_Cash funds this year end_**|**62,534**||**12,924**||**-**||**75,458**||**69,135**|
|||||||||||
|**Section B Statement of assets and liabilities**|||||**at the end of the period**|||||
|**Categories**|**Details**||||**Unrestricted**
**funds**||**Restricted**
**funds**||**Endowment**
**funds**|
||||||**to nearest £**||**to nearest £**||**to nearest £**|
|**B1 Cash funds**|Current Account(s)||||**7,206**||**-**||**-**|
||Reserve Account (incl. Disability funds)||||**41,619**||**12,924**|||
||BRC Lottery Account||||**13,074**||**-**||**-**|
||Cash not banked (Including float)||||**635**|||||
||**_Total cash funds_**||||**62,534**||**12,924**||**-**|
||(agree balances with receipts and payments
account(s))||||OK||||OK|
||||||**Unrestricted**
**funds**||**Restricted**
**funds**||**Endowment**
**funds**|
||**Details**||||**to nearest £**||**to nearest £**||**to nearest £**|
|**B2 Other monetary**
**assets**|||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
||||||**-**||**-**||**-**|
|||||||||||
||**Details**||||**Fund to which**
**asset belongs**||**Cost (optional)**||**Current value**
**(optional)**|
|**B3 Investment assets**|||||||**-**||**-**|
||||||||**-**||**-**|
||||||||**-**||**-**|
|||||||||||
||**Details**||||**Fund to which**
**asset belongs**||**Cost (optional)**||**Current value**
**(optional)**|
|**B4 Assets retained for**
**the charity’s own use**|Ammunition stock 31/12/2023||||Unrestricted||**-**||**1,143**|
||||||||**-**||**-**|
||||||||**-**||**-**|
|||||||||||
||**Details**||||**Fund to which**
**liability relates**||**Amount due**
**(optional)**||**When due**
**(optional)**|
|**B5 Liabilities**|Loan towards new clubhouse from members
- to be repaid over 5 years starting May 2016
and Long term from May 2021 to 2025||||New Clubhouse
(unrestricted)||**11,400**||**2022 - 2025**|
||Solar panels - amount outstanding to be
paid on completed installation||||Unrestricted||**10,346**||**2024**|
|||||||||||
|Signed by one or two trustees
on behalf of all the trustees|Signature||||Print Name||||Date of
approval|
||T.P.Hammond||||T.P.Hammond||||30/06/2024|
|||||||||||
CCXX R2 accounts (SS)
11/07/2024
2
CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's
report on the accounts
Section A
Independent Examiner's Report
Report to the trusteesl
members of
Bookham Rrfle Club
On accounts for the year
ended
3111212023
Charity no
Ilf any)
217311
Set out on pages
CC16a pages R1 & R2
I report to the trustees on my examination of the accounts of the above
charity {'the Trusl'l for the year ended 31112123
Responsibilities and As the charity trustees of Ihe Trust, you are responsible for the preparation
basis of report of the accounts in accordance with the requirements of the Charities Act
2011 {'the Act'j.
I report in respect of my examination of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed Ihe applicable Directions given by the Charrty Commission
under section 145(5){b) of the Act.
I have completed my examination. I confirm Ihat no material matters have
come to my attention in connection with the examination which gives me
cause to believe that in. any material respect..
accounting records We not kept in accordance wrth section 130 of
the Act or
the accounts do not accord wtth the accounting records
Independent
examiner's statement
I have no concerns and have come across no other matters in connection
wrth the examination to which attention should be drawn in order to enable a
proper underslanding ofthe accounts lo be reached.
Please delete the woffjls in the brackets if they do not apply.
Signed:
Date:
24
Name:
J P Kbsler FCA
Relevant professlonal
quallficatlonlsl or body
lif any):
Institute of Chartered Accountants in England and Wales
Address:
9 Orchard Drive, Ashtead, Surrey KT212PD
Section B
Disclosure
Only complete rf the examiner needs to highlight matters of concern (see CC32.
Independent examination of charity a¢counts'. directions and guidance for
examiners).
IER
October 2018