Annual statement to the membership from the
Board of the Isle-of-Wight Angling Company Ltd.
AGM FINANCES
GOOD EVENING LADIES AND GENTLEMEN FOR THOSE OF YOU WHO DON’T KNOW ME IM BARBARA BENNETT AND IM CURRENTLY TREASURER / MEMBERSHIP SECRETARY OF THE COMPANY
NORMALLY AT THIS TIME WE ALL SIT AND LOOK AT THE PAGES IN FRONT OF US MYSELF INCLUDED WONDERING WHAT ON EARTH THESE PAPERS SAY – APOLOGIES TO THOSE OF YOU WHO DO FULLY UNDERSTAND ACCOUNTS – SOME OF YOU MAY NOT WISH TO KNOW AND I APOLOGISE FOR TAKING UP THIS TIME – BUT I BELIEVE ITS IMPORTANT TO BE OPEN WITH OUR FINANCES AFTER ALL IT IS YOUR COMPANY
LAST YEAR I HAD SEVERAL MEMBERS SAY TO ME SINCE WE’VE BECOME A COMPANY ALL THE BOARD THINK ABOUT IS MONEY
THE BOARD MEMBERS ARE JUST “MEMBERS WHO WANT TO SEE THE COMPANY/CLUB CONTINUE TO GROW SO THAT ITS ALWAYS HERE LONG AFTER WE HAVE DEPARTED SO THAT ALL OF OUR CHILDREN AND GRANDCHILDREN CAN ENJOY THE SPORT AS WE ALL DO – WE HAVE A LITTLE SPARE TIME TO TRY TO KEEP OUR FISHERIES RUNNING – OUR FISH STOCK HEALTHY OUR MEMBERS HAPPY AND OUR BILLS PAID WE ARE NOT IN THE TRUE SENCE OF THE WORDS A “BOARD OF DIRECTORS” WHO LOOK TO MAKE AS MUCH MONEY AS THEY CAN!
WE DO HOWEVER HAVE TO ACT LIKE A COMPANY ENSURING THAT WE DO NOT FALL FOUL OF HEALTH AND SAFTY ISSUES ETC THESE COULD HAVE A FINANCIAL IMPACT ON US AS BOARD MEMBERS IF NEGLIGENCE HAS CAUSED AN INJURY/DEATH -FOR EXAMPLE – IF WE FAIL TO ENSURE THAT A BOAT IS NOT CHAINED UP/LOCKED AWAY AND A MEMBER USES IT EVEN THOU THERE IS A RULE IN THE MEMBERS BOOKLET WHICH ADVISES THAT MEMBERS MAY NOT DO THIS IF AN ACCIDENT OCCURS IT IS THE BOARD WHO HAVE TO TAKE THAT RESPONSIBILITY.
I KNOW ITS NOT A EASY SUBJECT FOR MANY -YOU’VE SEEN/HEARD THE ADVERTS ON THE TELLY/RADIO IM SURE! MONEY IS DIFFICULT TO DISCUSS AS A FAMILY SO ITS CERTAINLY HARD AS A COMPANY – ITS A FACT OF LIFE THAT MONEY MAKES THE WORLD GO AROUND AND WE AS A COMPANY/CLUB CANNOT SURVIVE WITHOUT THE MEMBERSHIP FEES. OUR MEMBERSHIP IS NOT A CERTAINTY OUR CLUB IS GROWING BUT OTHERS ARE SEEING A REDUCTION IN MEMBERS – WE ARE SPENDING MUCH MORE THAN WE GET IN PER YEAR AND THIS I BELIEVE NEEDS TO BE ADDRESSED- YES WE HAVE MONEY IN THE BANK BUT WITH THE WAY THAT MONEY IS HAVING TO BE SPENT WE WILL NOT HAVE THAT HEALTHY BANK BALANCE FOR MUCH LONGER – WE NEED TO INCREASE OUR INCOME AND REDUCE OUR OUTGOINGS SPENDING MORE THAN WE RECEIVE SHOULD NOT BE ACCEPTABLE TO ANY OF US — WE HAVE TO WORK TO A BUDGET IN OUR HOME LIFE AND THATS THE SAME WITH THIS CLUB.
TO KEEP EVERYTHING CLEAR ALL BOARD MEMBERS PAY FOR THEIR MEMBERSHIP NO MONIES/FEES ARE GIVEN TO ANY BOARD MEMBER OTHER THAN FOR RECEIPTS FOR ITEMS PURCHASED FOR THE COMPANY ALL OF THIS INFORMATION CAN BE VIEWED BY ANY MEMBER OF THE COMPANY AT ANY TIME- NO PETROL MONEY/NO MONEY FOR HOURS SPENT STICKING ON STAMPS/FILLING THE DISINFECTANT TANKS RUNNING TOOLS FROM ONE LAKE TO ANOTHER PICKING UP FEED AND DISTRIBUTING TO LAKE – COLLECTING DAY TICKET MONEY FROM OUR OUTLETS AND ALL THE OTHER TASKS THAT FALL TO BOARD MEMBERS AND A VERY FEW OTHERS THAT HELP US.
WE KNOW WE HAVE SOME SKILLED MEMBERS WITHIN THE COMPANY
WE HAVE BEEN VERY LUCKY RECENTLY WITH FOUR SKILLED MEMBERS REPAIRING DAMAGED SWIMS AND BUILDING UP BANKS AT HOLLIERS WITH THE COMPANY ONLY HAVING TO PAY FOR MACHINERY AND MATERIALS. SMALL GROUPS OF WORKERS HAVE CLEARED BRAMBLES AND SWIMS AT HOLLIERS – AT MERSTONE WE’VE HAD MEMBERS WHO HAVE REPAIRED THE BIVVY STATIONS – MEMBERS WHO HAVE PICKED UP RUBBISH AND TIDIED SWIMS – GUNVILLE MEMBERS HAVE ASSISTED WITH CLEARING OF SNAGS – THE COMPANY ARE IN DEBT TO THOSE MEMBERS GIVING UP THEIR TIME AND SKILLS -YES THE COMPANY HAVE PAID FOR THE MATERIALS AND MACHINERY BUT THE MONEY SPENT WOULD HAVE BEEN SO MUCH MORE IF THEY HAD NOT HAD THESE MEMBERS HELP – THATS WHAT WE NEED TO DO IF WE DON’T WANT MEMBERSHIPS TO RISE TOO MUCH IN THE FUTURE ALL DO WHAT WE CAN TO HELP KEEP COSTS DOWN. THERE ARE LOTS OF TASKS THAT PEOPLE CAN DO TO SAVE A TASK BEING A BURDEN – I DON’T KNOW ONE PERSON HERE WHO CANT STICK A STAMP ON AN ENVELOPE! AND THERE ARE SOME MORE THAN CAPABLE OF CLEANING A TOILET BLOCK! JUST ASK WE CAN FIND LITTLE JOBS TO DO AT SOME TIME IN THE YEAR. PICK UP RUBBISH YOURS AND SOMEONE ELSES IF THEY HAVE LEFT IT AND YOU SEE IT TAKE IT HOME. IF YOU HAVE A SKILL LET US KNOW WE MAY BE ABLE TO USE IT.
HOWEVER I NEED TO CONTINUE WITH THIS YEAR SO ON TO THE ACCOUNTS
OUR MEMBERSHIP THIS YEAR
FOR THE SEASON 18/19 WE HAD 538 MEMBERS
BROKEN DOWN AS
214 FULL
224 SENIOR/CONCESSIONARY
47 JUNIORS
30 ASSOCIATES
6 LIFE MEMBERS
3 HONARARY
14 CLUB EXCHANGE
OUR INCOME FOR MEMBERSHIP £32,953 THIS INCLUDES
FISH FUND DONATIONS OF £ 576.00
WE ALSO SOLD DAY TICKETS THE INCOME OF THESE WAS £ 1585.00
SO OUR INCOME TOTALLED £34,538
OUR OUTGOINGS THIS YEAR WERE £ 56,155.00
THIS IS A GREAT CONCERN AS WE CANT KEEP PAYING OUT THESES SUMS EACH YEAR IF WE ARE TO KEEP RUNNING
OUR CURRENT BANK BALANCES STAND AT £4500.00 NAT WEST
£141315.19 SANTANDER
WE ARE COMMITTED TO PAYING FOR MANY ITEMS BEFORE WE HAVE TO REPAIR A SWIM/PURCHASE STOCK/RUN A PUMP TO MOVE WATER – BUY FEED /DISINFECTANT ETC ETC APX £12,000 IS ALREADY COMMITTED
PORTALOOS 3800.00
INSURANCE 1670.00
ELECTRICITY 3204.00
CLEANING 188.00 SEPTIC TANK/MERSTONE
RENT RIVER/ROOM HIRE 800.00
BAR BILL 300.00
ACCOUNTANCY 840.00
EMERGENCY TELEPHONE 90.00
WEB SITE LICENCE/HOSTING 290.00
POSTAGE/STATIONARY 800,00
THE CAR PARK AT MERSTONE COST 14,200
CLEARING THE ISLAND KINGFISHER £3800.00
REPAIRS TO HOLLIERS £4736.00 SO FAR
WE PURCHASED 8 CARP FOR GUNVILLE THIS YEAR AT A COST OF £2,783.70 THAT IS THE COST OF FISH –
YES WE ARE TALKING ABOUT GROWING OUR OWN BUT THIS WILL TAKE TIME AND SKILL AND IN THE MEANTIME WE NEED TO ENSURE WE HAVE FISH TO CATCH IN OUR LAKES
THIS YEAR THERE IS NO INCREASE IN OUR MEMBERSHIP FEES AND THEREFORE
I WILL END WITH A RESPECTFUL REQUEST FOR A CONSIDERATION BY MEMBERS FOR AT THE LEAST A £10 INCREASE IN OUR FEES FOR FULL AND SENIOR MEMBERS NEXT SEASON
IF OUR MEMBERSHIP NUMBERS STAY THE SAME THIS WILL MEAN AN INCREASE TO OUR INCOME OF £4,380
IF YOU HAVE ANY QUESTIONS REGARDING OUR FINANCES IM HAPPY TO TRY TO ANSWER IF I DON’T HAVE THE ANSWERS WITH ME I WILL ENSURE THAT THE ANSWERS ARE GIVEN VIA E MAIL OR ON WEBSITE
THANK YOU FOR YOUR TIME .