Please find attached Statutory Accounts for year ended 31st March 2020.
These are pretty much as forecast at the last AGM and have been approved by the directors and filed at Companies House.
Also attached is the usual Financial Summary that includes forecast for the year ended 31st March 2021 and 2022.
Due to the current Covid-19 situation these two years should be viewed together in determining our aims & objectives
over this coming year.
Obviously we do not have a 'crystal ball' so we are, no doubt, going to continue to be in uncertain times for some months to come.
The good news is that our fees will not be increased with the exception of a change that was outside of our control and that is,
for members who wish to continue to play on a regular basis at Cherwell Edge, there will be an additional payment of £50 for the year.
As this year's AGM will be via a 'zoom' meeting I have tried to answer the likely questions that may have arisen under normal
AGM conditions.
1. INCOME
As mentioned above, none of us know how this next 12 months will be.
We have assumed,for the purpose of forecasting, that we will lose 10% of our membership.
2. COURSE MAINTENANCE
The current year has been restricted by the loss of staff and furloughing.
We have taken 'on board' comments from some members and, with a new member of staff
having recently joined us, we have increased our anticipated spend on the course.
3. RATES
For the year ended 31st March 2021 we benefitted from the zero rates charged by the local authority.
We have assumed that this will not be available for 2021/2022.
4. LIGHT & HEAT
With the resumed full use of clubhouse facilities we expect this to increase from this year's reduced level.
5. LICENCES FROM SGC
We do not anticipate any increase in licence fee.
6. WAGES
With the furloughing support from the Government Job Retention Scheme and staff members leaving,
we have been considerably under budget this year.
As mentioned above we expect to operate with full staffing requirements for 2021/2022.
7. COMPUTER & SOFTWARE
We have upgraded our computer & software in line with the new world handicapping system and this
should be more 'user friendly' this coming year.
8. REFUND OF FEES
As promised in April 2020, we will reduce the fees this year for all of the full members who supported us
financially at the start of the year.
SUMMARY
So, to summarise, this year has been very difficult and without the reduction in rates and the job retention scheme support
we would probably just about broken even., which is all we try to do every year.
2021/2022 is expected to be another very uncertain year and if we can finish the year with a positive balance sheet (£13,842)
then we will have done well.
We will continue to monitor costs very closely and we should all work hard to retain our current membership.
To this end, if our membership remains at our current levels, then we may be able to pass on any over-funding back
to our membership and/or spend more money on improving the course as necessary.
I hope this answers most of the questions that may have arisen at the AGM but if any member has any further questions
then please do not hesitate to contact me at peterjeskins@aol.com when I will be happy to reply to everyone on a weekly basis.
Peter Jeskins
Treasurer
Please find attached Statutory Accounts for year ended 31st March 2020.
These are pretty much as forecast at the last AGM and have been approved by the directors and filed at Companies House.
Also attached is the usual Financial Summary that includes forecast for the year ended 31st March 2021 and 2022.
Due to the current Covid-19 situation these two years should be viewed together in determining our aims & objectives
over this coming year.
Obviously we do not have a 'crystal ball' so we are, no doubt, going to continue to be in uncertain times for some months to come.
The good news is that our fees will not be increased with the exception of a change that was outside of our control and that is,
for members who wish to continue to play on a regular basis at Cherwell Edge, there will be an additional payment of £50 for the year.
As this year's AGM will be via a 'zoom' meeting I have tried to answer the likely questions that may have arisen under normal
AGM conditions.
1. INCOME
As mentioned above, none of us know how this next 12 months will be.
We have assumed,for the purpose of forecasting, that we will lose 10% of our membership.
2. COURSE MAINTENANCE
The current year has been restricted by the loss of staff and furloughing.
We have taken 'on board' comments from some members and, with a new member of staff
having recently joined us, we have increased our anticipated spend on the course.
3. RATES
For the year ended 31st March 2021 we benefitted from the zero rates charged by the local authority.
We have assumed that this will not be available for 2021/2022.
4. LIGHT & HEAT
With the resumed full use of clubhouse facilities we expect this to increase from this year's reduced level.
5. LICENCES FROM SGC
We do not anticipate any increase in licence fee.
6. WAGES
With the furloughing support from the Government Job Retention Scheme and staff members leaving,
we have been considerably under budget this year.
As mentioned above we expect to operate with full staffing requirements for 2021/2022.
7. COMPUTER & SOFTWARE
We have upgraded our computer & software in line with the new world handicapping system and this
should be more 'user friendly' this coming year.
8. REFUND OF FEES
As promised in April 2020, we will reduce the fees this year for all of the full members who supported us
financially at the start of the year.
SUMMARY
So, to summarise, this year has been very difficult and without the reduction in rates and the job retention scheme support
we would probably just about broken even., which is all we try to do every year.
2021/2022 is expected to be another very uncertain year and if we can finish the year with a positive balance sheet (£13,842)
then we will have done well.
We will continue to monitor costs very closely and we should all work hard to retain our current membership.
To this end, if our membership remains at our current levels, then we may be able to pass on any over-funding back
to our membership and/or spend more money on improving the course as necessary.
I hope this answers most of the questions that may have arisen at the AGM but if any member has any further questions
then please do not hesitate to contact me at peterjeskins@aol.com when I will be happy to reply to everyone on a weekly basis.
Peter Jeskins
Treasurer
2019/20 Accounts
| sgc-limited_company_accounts_20.1-ltd-master-20210205.pdf |
Past 10 years Accounts Summary
| agm_summary.pdf |
Proposed 2021/22 membership fees
| membership_2122.pdf |
Last Years AGM Minutes
| draft_agm_minutes_2020.pdf |
AGM Agenda 24th February 2021
| agm_agenda_2021.pdf |