Treasurer's Report 2018
At the LDAC AGM in February 2018 - Trevor Sobey, The Treasurer, presented and reviewed the P&L account for year ending December 31st 2017
It was noted that exceptional capital purchase items (the
purchase of Hendergrove and a significant contribution
towards the FRA purchase of much of the Draynes sanctuary) had necessarily depleted the club’s capital reserve by some
£12,000.00).
This, when coupled with shrinking membership
numbers, had placed the club under some financial strain.
Despite this, Club fees (for 2018) had been increased
marginally (£2.50 pa for adults) and all other
subscriptions/day/weekly tickets had been frozen.
Following consultation with riparian owners the majority have agreed to forego the annual RPI increase we normally provide in the rents payable.
The Club thanks them for their
generosity and continued support.
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