CUH&H annual report
Normally we have 30k flowing in and out of the account.
This year we had 24k in and 26k out. Some of this represents funds that merely pass through the club accounts, i.e. paid by members to the Junior Treasurer account, transferred to the Senior Treasurer account, and paid to suppliers (e.g. kit and catering). Note that all funds paid to the Junior Treasurer account are transferred to the Senior Treasurer account, from which I action all expenditure (normally directly, occasionally as refunds).
Below I have listed the main items of income and expenditure that do not merely represent a transfer of funds from members to suppliers. As always, the Boundary Run is the main source of income and the organisers and volunteers are to be commended for their work.
Income
4.5k Boundary run (5.8k in, 1.3k out), cf. 2020 (13.3k in, 2.4k out), i.e. income was 43% cf. last time. 3.4k Subs – similar to normal 0.7k Donations
Expenditure
6.2k Race travel including BUCS 1.8k Phil O’Dell’s coaching expenses 1.5k Training camps 1.3k College league and Cuppers 1.3k Physio 1.0k Kit
Overall
In the previous financial year that was afflicted by covid, we earned relatively little and spent relatively little. Given our model of spending BR income the year after it was earned, the 2020 Boundary Run’s net income of 11k was carried over for expenditure that was actioned in the current year. Yesterday’s Boundary Run income of 5.8k was 43% of the 2020 income. There are two consequences of the reduced income:
1) Our savings will be reduced. It is thus good that we have savings with which to absorb costs when BR income is reduced, i.e. we can continue to spend as usual.
2) We should be concerned about whether Boundary Run entries will bounce back next year, as our savings are not infinite and costs continue to increase each year. It would be good if we can advertise in some way, both within the University and with the local public. I am not sure whether the public really know about the event (I was thanked yesterday by a member of the public who only learned about the Boundary Run a few years ago when I emailed my daughter’s school to suggest that parents could enter to raise money for the school; on the other hand, I saw the event mentioned in a local paper because someone was running it to raise money for a charity).
Recommended action: advertise the Boundary run within the University and with the local public.
Cambridge University Hare & Hounds Accounts for FY ended 30 June 2022
| Item Income (£) Expenditure (£) Sports Centre fees 0 104 National cross relays 0 70 MegaCross Interclub Invitational 0 233 2-4 Varsity 0 920 Varsity Match 0 960 BUCS 1877 4994 RRR 0 325 Physio 0 1065 CUH&H afliation fees 354 493 Training Camps 896 2634 Boundary Run 5782 1704 Dinners and parties 1654 1602 Kit 8038 9502 College League+Cuppers 0 1267 Administration 0 142 Annual record 0 0 Race teas 0 161 Trophy / prize purchase 0 0 Trophy engraving 0 16 Use of sports felds 0 0 Ties and bow ties 0 0 Coaching 0 2376 Hyde Park Relays 20 649 Teddy Hall Relays 0 0 SS Grant 0 0 Donations 1288 0 Miscellaneous income 375 0 Membership payments 3443 0 Annual dinner 3327 4056 Strength & Conditioning 77 0 Sponsorship 0 0 Bank interest 3 0 Miscellaneous expenditure 0 0 Equipment 0 0 Speakers 0 245 TOTALS 27133 33518 TRADING DEFICIT 6385 |
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Prepared on 15 July 2022 by:
Professor ND Mathur (Churchill) Senior Treasurer
Audited and found to be correct on 7 October 2022 by:
Dr P Wingfield ITrinityl