Peninsula Canoe Club Treasurer’s Report on the 2017 Financial Year

PCC’s accounts show very solid growth for the financial year ended 31December 2015. Membership has started to rise again, from 210 last year to 225 (excluding UCT members).

Part of the growth is due to ZSC needing no top-up payments from PCC as our Clubhouse Manager Karen Dauelsberg has massively boosted ZSC revenue from Hall Hire – thank you Karen!

Barry Penn has done another fabulous effort with the Swamp Donkey in raising funds throughout the year for time trials and PCC river races. Thank you for shrugging off volunteer fatigue to do that again, Barry!

We also need to thank Gerfried Nebe for taking on the project of building our new racks for an expense of only R49,981 – thank you Gerfried!

Our other major capital investment is the Gym, for which our Chairman Rob Hart has done a fantastic job of keeping all costsdown and will make the appropriate thanks to all who have helped. The building project is almost complete and total expenses so far have been R98,107.14 (R43,381 for the 2017 financial year)

Other expenses for 2018 will be PCC’s portion of the upgrades needed for our agingelectrical and security systemsfor which we will need to make top-up payments to ZSC for. We’ve already paid an additional R40,000 this year, soit was considered prudent to allow for this by increasing the PCC portion of our fees for 2018 as shown in the table at the end of this report.

I’d like to finish by saying thank you to our Chairman, Rob Hart, for his fine leadership of the Club over the past three years. Rob, we are all extremely grateful for your untiring dedication and all the improvements you have brought to the Club. Thank you very, very much Rob, to you and the rest of the Hart family!

PCC Year on Year Income & Expenses for the year ending 31 December 2017
2017 / 2016 / 2015 / 2014 / 2013
Income
Fees Received / 379,672 / 417,412 / 346,621 / 376,121 / 375,720
Boat Pound / 490
Development/Gerfried's coaching / 2,170 / 3,440 / 6,050
Wynberg coaching (Rob MacLean) / 600 / 2,670 / 3,025
Club Kit / 8,600
Boat Hire / 500 / 1,550
Trailer Hire / 1,560 / 780 / 1,300
Donations / 18 / 1 / 10,000
Race Income / 6,515 / 370 / 2,382 / 1,320 / 6,988
Boat Auction / 7,000
Barry Penn/Swamp Donkey / 30,500 / 31,000 / 7,950
Orka Mini Marathons / 2,680 / 2,550 / 12,890
SA Marathon Champs Final Profit / 70,404
(Swartland) / 92,435
(Coaching Clinics) / 3,200
(PCC 50th) / 22,000
Other Income / 1,000
Gym / 3,300
Marketlink Interest / 36,481 / 33,029 / 23,752 / 18,192 / 14,746
Total Income / 877,628 / 980,667 / 742,557 / 798,129 / 904,699
Expenses (general)
WCCU / -108,870 / -113,536 / -107,050 / -119,050 / -142,235
ZSC Levy, access tags (2011-4 includes top-ups) / -99,255 / -110,550 / -110,767 / -120,662 / -125,953
ZSC top-up payments / -2,000 / -64,000
Registration / -13,990 / -26,840 / -7,040 / -5,700
Insurance / -1,357 / -2,445 / -1,191 / -1,116
Timetrials / -5,559 / -3,640 / -4,151 / -2,458 / -705
Repairs / -4,205 / -4,020 / -42,800 / -5,371 / -2,200
Barry Penn/Swamp Donkey / -26,545 / -29,510
Development / -7,552 / -19,400
(Coaching Clinics) / -3,200
Functions / -968 / -3,603 / -25,323
Club Kit / -13,503
Miscellaneous / -2,778 / -2,350 / -923 / -1,300 / -1,521
Web/SMS/ emails / Stationery / -1,798 / -565 / -935 / -2,104 / -16,226
Races / -440 / -8,974 / -2,003 / -2,440
(Swartland) / -63,259
Gym / -43,381
Bank Charges / -1,831 / -2,370 / -1,693 / -1,580 / -1,899
PCC Awards / -359 / -6,825
Total General Expenses / -310,977 / -297,826 / -363,027 / -272,857 / -411,186
Expenses (capital)
Gym / -43,381
Equipment / -12,760
Boat racks / -49,981 / -92,243 / -5,326 / -26,931
PCC Facilities / -13,100 / -20,786 / -19,370
ZSC Facilities / -36,755
Total Capital Expenses / -93,361 / -142,098 / -5,326 / -20,786 / -59,061
Net: / 473,289 / 540,743 / 374,203 / 504,486 / 434,452
check:
Current Account Closing Balance / 1,758 / 7,416 / 5,474 / 6,982 / 10,900
MarketLink Account Closing Balance / 741,369 / 655,903 / 515,944 / 479,147 / 350,959
Cash in Hand / 768 / 1,318 / 1,938 / 7,594 / 3,497
Accruals (UCT: R17,070 less R11,520 for ZSC) / 5,550 / -15,405 / 15,405 / 0 / -13,970
Total Cash and Accruals / 749,445 / 649,232 / 538,761 / 493,723 / 351,386
Movement Year on Year: / 100,213 / 110,471 / 45,037 / 142,337 / 58,732