Treasurers Report 2021
Posted by JOHN BURNS on 24 November 2021
Leicester Junior Triathlon Club
Treasurers report
19th November 2021
I am delighted to present the Club accounts for the year ended 31st October 2021.
Income
As in previous years the main sources of income for the year come from the annual membership fees and monthly training subs. However, due to COVID-19 there is an obvious decrease this year due to payment breaks offered during the year. We have also experienced a decrease in the number of members returning to the club post Covid-19.
The table below summarises these sources of income with the comparable figures for the two previous years.
|
Source |
2021 |
2020 |
2019 |
|
Training subs |
£3,765 |
£6,367 |
£10,030 |
|
Events (Mallory/Velodrome) |
£210 |
£nil |
£1,329 |
|
Membership |
£544 |
£232 |
£808 |
|
Sponsorship / donations |
£nil |
£200.00 |
£nil |
|
Other |
£373 |
£264 |
£625 |
|
Total |
£4,892 |
£7,063 |
£12,793 |
Expenditure
The total expenditure for the year was £6,898.81 (2020: £6,649.68 2019: £14,886.17).
The club continues to make use of the facilities at The Bosworth Academy and Enderby Leisure Centre and this accounts for club expenditure of c£4,000 (2020: c£4,000 2019:
c£7,000).
This year the club has not invested in much equipment but has concentrated on servicing and maintaining existing bikes. We have bought one bike and renewed the helmets.
The club has invested in developing and supporting the coaches through BTF and first aid courses, including investing activator courses for older members of the club.
We have invested in a zoom account this year to enable us to continue our turbo training sessions, committee meetings and club quiz nights and introduced the new club app “Teamo”.
We ran several training sessions at Mallory Park over the summer, however, this resulted in a loss of £200.
We continue to meet our obligation regarding the container insurance.
Summary
Overall the club suffered a loss of £2,006 this year (2020 surplus £413 2019 Deficit £2,046).
The club maintains sound levels of financial resources, its closing cash and bank balance as at 31st October 2021 being £7,591.70 (2020 £9,754.42 2019 £9,018.95).
I can confirm the club continues to rely on coaches and committee members volunteering with no individuals receiving payment for their services.
Carol Prizeman
Club Treasurer