to be presented to stakeholders on 14 January 2015 at 730pm Balance Sheet at 30914 000 000 Fixed Assets 31 Current Assets 12 Cash 333 345 Less Creditors 31 314 345 Cash Grants from CSC2010 ID: 307055
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Slide1
CGL Annual Review 2014( to be presented to stakeholders on 14 January 2015 at 7.30pm)Slide2
Balance Sheet at 30.9.14
£’000
£’000
Fixed Assets
31Current Assets12Cash333345Less Creditors(31)314345Cash Grants from CSC/2010461Less Utilised in year(116)345345Slide3
Income and Expenditure Year ended 30.9.14
Budget
Actual 2014
Actual 2013
£’000£’000£’000Total Income202209154Less Expenses(181)(179)(161)Surplus/(deficit) before interest and investment in Facilities2130(7)Additional Rates burden(13)(13)
00
Available to invest in capital, refurbishment and business development
817(7)Slide4
Financial HighlightsBar takings increased by c25%Assessments increased by c13%
Subscriptions increased by c55%Hirings increased by c230%
Squash court fees increased by c30%Slide5
InfrastructureAsbestos - removed from hall
- Encapsulated - Register set up to manage
Health and Safety - Risk assessments completed
- Process established to updateTotal Invested in Available Facilities £118KSlide6
Infrastructure (cont..)Hall re-boarded and redecoratedEntrance hall, main and back bars redecorated
New furniture in barsClub secretary office and shop establishedOutside front and east walls repainted
Roof leaks attended toSlide7
Infrastructure (cont..)Upstairs changing rooms and access repainted
Wall to bridge replacedOutside back, west walls and outside squash courts repaintedWindows replaced
Kitchen redecorated
New kitchen equipment, gas compliantSlide8
Infrastructure (cont..)2 new all weather cricket stripsCricket covers
New site screensEarth quaking and aerationNew rugby posts (provided by rugby section)
Small gym establishedSlide9
GrantsCGL not a CASC or a Charity (Due to structure of Lease)Grants committee set up
Need to work with sections and schoolSmall grants received towards
- Cricket covers
- Kitchen - Over 50’s activitiesOther grants applied forSlide10
Security of TenureCompany Articles AmendedSporting Sections offered security
Requirement to pay assessment and membershipSecurity same as CGLSlide11
ActivitiesRugby, football, cricket, badminton and squash continueSquash membership increased and league established
Football sides increasedNew activities – Yoga, Pilates, Choir, Dance
Regular hires – Judo,
I
ndoor bowls Increased school usage Increase in HiringsSlide12
MembershipAudit of lists continuesAdditional 60 squash members recruited
New cards to be issuedDiscount scheme to be expandedSlide13
OutlookConsultation group established with sectionsOutline plans prepared
BUT dependant on finance and grantsSlide14
Outlook (cont..)Continue to improve revenuesMore Activities – Ballroom Dancing, Creative Dance Time, Belly Dance, Table Tennis, Fitsteps, Tai Chi.
Volunteers always required
Additional Board members required