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Treasurer's Update

Treasurer's Update

Andy Bullock1 May 2020 - 09:40
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Due to the postponement of the AGM, a brief resume of the last FY

I hope you are keeping safe. The AGM should have been held in May but will have
to be postponed. I am therefore enclosing a brief resume of the last financial year
ending 1/3/20 plus an update on next season.

BAR & CAFE SALES £80,599

GROSS PROFIT £36,110

OTHER INCOME £14,639 ( LOTTERY 5415 BLUES CAMPING 1630 BEER FEST 1516 main ones)

TOTAL INCOME £50,749

TOTAL EXPENSES £49,398 (LIGHT & HEAT £7584 WAGES £12,303 RUGBY EXPS £9375 main ones )

NETT PROFIT £1350

My original budget for the next season was Sales of £84,000 with a small profit. This is now obviously
not applicable. We have already lost the Blues Festival & probably the Cheeky Monkies which are our
main Income Earners to cover our rugby costs.
We have received £12,000 in grants to offset our lack of trading which will help but not cover all our
potential loses. I list below budget figures based on various start dates :

START AUGUST BAR SALES £35,000 MARGIN £17,500 OTHER INCOME £8500 GRANTS £12,000

OUTGOING £40,320 NETT LOSS £2320

START OCTOBER BAR SALES £25,000 MARGIN £12,500 OTHER INCOME £6900 GRANTS £12,000

OUTGOINGS £34,830 NETT LOSS £3430

START DECEMBER BAR SALES £15,000 MARGIN £7500 OTHER INCOME £6300 GRANTS £12,000

OUTGOINGS £29,340 NETT LOSS £3540

NO START BEFORE 28/2/21 BAR SALES £2000 MARGIN £1000 OTHER INCOME £5170 GRANTS £12,000

OUTGOINGS £17,600 NETT PROFIT £570

I am still waiting for details of our bar stock which will become out of date & unsaleable which will
impact by a further £1500 unless we can recover in full the value of the stock.

BEST WISHES

BERT LAMBERT HON TREASURER

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