Treasurer's Annual Report 2006
By Treasurer - PC Steven Broadbent
Last year my report was brief as we had achieved a profit of around £350. However, as two years ago we have become complacent again and we over-spent by around £3500.
This overspend was as a result of a number of unforeseen income and expenditure events. Briefly, the more significant of these are:
Drop in lottery income
Raised Police Sport UK successes
Raised ‘Sectional’ Expenditure
Liability Insurance
Internet Connection expenses
The unknown quantity is the ‘unpredictable’ Police Sport UK expense. As you can see from the budget expenditure applications, we grossly overestimate our PSUK spending based on success and qualification through to the final rounds. This year, more sections did better than in 2005. This is tremendous in terms of overall Club sporting success but unsettling for me in my capacity as treasurer.
We don’t want to compromise our sporting abilities and therefore we can compensate in other ways by making cut-backs in some areas and generate income in others. Briefly, these comprise:-
Increase lottery stake from 60p to 70p (The last increase of 10p was 4 years ago)
Reduce ‘Sectional’ allocations by a further 5% (I appreciate some cuts have already been made at our pre-agm budget approval stage but these initial cuts were based on certain factors)
Increase member contributions for PSUK and Sectional events by 5% to 25%. (I really do feel that there are not many sports clubs who pay as much as 75% of member costs)
Increased income from ‘Off-Duty’ Magazine
Abandon internet connection facility at Carnforth
Urge Sports Secretaries to generate additional income
I have circulated a small number of audited accounts to the meeting. Please feel free to study these closely and raise any questions here or at a later time. If you look at the 2006 figures you will see the basis of we have to spend in the coming year.
Thank you to all secretaries for their consideration, understanding and perseverance.
Thank-you.
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