AGM Agenda Accounts Treasurers
Link to play Realbridge
Chippenham Bridge Club
TREASURER'S REPORT 2020
I took over a very healthy set of figures from Roger Button and
thank him for helping me settle into the job. I also thank
Lawrence for certifying the accounts which would have been more
difficult this year. You may remember that two years ago the Club
had a very nice dinner at La Flambe, which helped to reduce our
excess funds. The Committee intended to discuss something similar
for 2020 but Covid† came along and so we have not incurred a
similar expense this year.
When the Committee discussed having BBO sessions we agreed with
the suggestion (by the EBU I think) of charging $3 per person.††
You may or may not know that the Club receives a portion of the $3
BBO fee. This was a sensible amount at the time as we needed to
recover some early expenses getting set up. We were not sure how
many players there would be or how long we would be playing
online, (I guessed until June!)† In the event we have been playing
for 9 months and with an increasing number of participants. Those
early expenses have been paid, but our portion of the $3 fee took
some months to come through, making it difficult to be sure where
we stood financially.† When we joined BBO we were told their fees
would increase in September but, as this has not happened, the
Committee decided to halve the BBO$ charge. This will result in
Chippenham Bridge Club no longer making a profit on the fee, but
if BBO does in fact increase its charge, we will probably have to
increase the charge accordingly.
When considering BBO we were informed that it should be run under
the auspices of a tournament director (TD) trained to run the
system for which the charge would be £45 per session. We decided
to train our own TD's for which the charge was £100 pp although we
seem to have managed to get 4 TDs trained for £200. There is a
significant workload getting each club session running and it was
thought unlikely that TDs would be able to join in the bridge
sessions.† It was agreed that each TD could claim £10 per session,
which I understand is in line with some other clubs and overall
this has worked strongly in our Club's favour.
When calculating the RealBridge price I expected VAT to be
charged, which has not happened. The number of players is also
more than anticipated.† Therefore we are reducing the charge per
session from £1.50 to† £1.25 and making this retrospective to our
first session in December.† I know 25p is peanuts to our members
but it does mean that £10 buys 8 sessions rather than 6.
When you review the accounts you will notice that our income is
reduced by approx £2500. This is partly because the amount we
receive from BBO is the total of all the $3 and $1.5 paid to us
less their fee (£1900), and also we did not collect any fees
between mid March and end of April.
DEBTORS & CREDITORS
The debtors figure is owed to us by BBO for our use in December.
The creditors figure is owed to TDs, EBU, & RealBridge.† It
also includes part subscriptions paid by members who have not
played online this year, to be transferred to their 2021
subscription. It also includes an amount by RealBridge members who
have paid 'on account' for sessions still to be used.
Please ask me anytime if you have any questions about these