Kettering Model Car Club

Annual General Meeting

Treasurers Report for 2005

Kettering Model Car Club was established in January 2004, when the funds from Burton Model Car Club were transferred in full to KMCC. Signatories for the KMCC Account are Dave Irving (Chairman) and Colin Williams (Treasurer).

This report covers Kettering MCC during the financial period from 1^st January to 31^st December 2005.

Financial Statement

KMCC has a balance at 31^st December 2005 of £2121.98

This is broken down into:

· a Cash balance of £1867.98, which includes additional assets worth £122 (two unsold personal transponders and “Y” leads).

· outstanding debts of £340, payable to the William Knibb Centre for room hire and three BRCA memberships (£36) to be paid in 2006.

A more detailed Balance Sheet is attached to this report.

In March 2005, the Club bank account was transferred from a standard account to a Community Account with Alliance & Leicester, which had the benefits of a higher interest Deposit Account linked to the Cheque Account. During 2005, the Club generated an additional £36.99 interest income from this change.

Summary of Activities

There have been several key points of note this year:

In February 10x Personal Transponders were purchased by the club for resale onto Club members. The majority of these have now been sold (two remain) at a reduced price and therefore subsequent slight loss to the club, to try and encourage the use of PT’s.

In September, a LaserJet printer was purchased by the Club due to ongoing problems with the Inkjet printer. Also in September, the Club invested in a domestic wireless CCTV camera and monitor so that the Car Park can be monitored as a members car was broken into in August.

In June and November, engraved plates were purchased to fix onto existing trophies. It should be noted that this has now used the majority of donated trophies, leaving only a small number of the more “unusual” items. If trophies are to be awarded during 2006, these will need to be budgeted for in full.

In November, the Club purchased prizes for the Autumn Championship series. £150 was spent with Modeltech (Mike Smith), and £60 was spent with RC Match (Rob Oliver), together creating over £300 worth of prizes.

During the year, the Club ran activities which resulted in donations being made to two Charities; Comic Relief and Children In Need.

In March, the Club ran a Sponsored Endurance event for Comic Relief, which resulted in £225.74 being collected by members from sponsorship/donations, to which the Club added £50, resulting in £275.74 being paid to Comic Relief.

In November, the Club ran a race meeting on “Children In Need” night, and decided to donate all the takings from that meeting and any other voluntary contributions to Children in Need. This resulted in £87.64 being donated to this charity.

Future Budget

Based on 2005 numbers attending race meetings, a projection has been carried out, which estimates that the club will generate additional income of some £1000 during 2006, taking into account planned expenditure (i.e. room hire, consumables, etc.), but before any other budgeted, or unbudgeted expenditure is made.

Adding this to a balance of around £2000 at the end of 2005, the Committee now needs to develop a budget plan for 2006.

Existing suggestions for expenditure during 2006 include as follows:

Item / Project Budget cost

New Carpet £1500

New Laptop £500

Trophies (Spring / Autumn) £100

Raffle Prizes (end of year) £200

Total £2300

This needs further discussion and a plan developing at the AGM.

Colin Williams

Kettering Model Car Club
Balance Sheet - 2005
	Statement to:	31-Dec-05
	Total Receipts & Payments	£2,121.98
	Total Creditors	-£376.00
	Total Debtors	£122.00
	CASH BALANCE	£1,867.98
Receipts & Payments			Balance
Brought Forward from 2004			£1,254.56
Jan-05	Annual Subscriptions - Club	£125.00
	Annual Subscriptions - BRCA	£210.00
	Race Fees	£328.00
	Sale of PT's to members	£100.00
	Monthly total	£763.00	£2,017.56
Feb-05	Annual Subscriptions - Club	£25.00
	Annual Subscriptions - BRCA	£30.00
	Race Fees	£372.00
	Hall Hire Charges (Aug, Sep, Oct, Nov 04, Jan 05)	-£714.00
	Payment to BRCA	-£300.00
	Purchase of PT's	-£311.24
	Sale of PT to members	£20.00
	Sale of Servo "Y" leads	£4.00
	Monthly total	-£874.24	£1,143.32
Mar-05	Annual Subscriptions - Club	£5.00
	Race Fees	£230.00
	Sale of PT to members	£75.00
	Donation to Comic Relief	-£50.00
	Trophy engraving, etc	-£21.20
	Monthly total	£238.80	£1,382.12
Apr-05	Race Fees	£449.00
	Annual Subscriptions - Club	£15.00
	Annual Subscriptions - BRCA	£20.00
	Payment to BRCA	-£20.00
	Sale of PT to members	£70.00
	Sale of Servo "Y" leads	£4.00
	Hall Hire Charges (Feb, Mar 05)	-£238.00
	Bank Interest	£1.76
	Monthly total	£301.76	£1,683.88
May-05	Race Fees	£265.00
	Annual Subscriptions - Club	£7.00
	Annual Subscriptions - BRCA	£10.00
	Payment to BRCA	-£10.00
	Hall Hire Charges (Apr 05)	-£170.00
	Bank Interest	£3.28
	Monthly total	£105.28	£1,789.16
Jun-05	Race Fees	£249.00
	Purchase of Extension cable	-£9.89
	Trophy engraving, etc	-£38.50
	Lathe Parts	-£32.03
	Bank Interest	£3.56
	Monthly total	£172.14	£1,961.30
Jul-05	Race Fees	£261.00
	Annual Subscriptions (Club)	£2.50
	Bell battery	-£3.74
	Bank Interest	£4.64
	Monthly total	£264.40	£2,225.70
Aug-05	Race Fees	£170.00
	Bank Interest	£5.06
	Monthly total	£175.06	£2,400.76
Sep-05	Race Fees	£274.00
	Annual Subscriptions (Club)	£4.00
	Annual Subscriptions (BRCA)	£10.00
	Payment to BRCA	-£10.00
	Printer Ink	-£15.00
	CCTV Camera	-£103.34
	Hall Hire Charges (May, Jun, Jul, 05)	-£442.00
	Laserjet Printer	-£33.50
	Printer Cable	-£7.99
	Bank Interest	£4.81
	Monthly total	-£319.02	£2,081.74
Oct-05	Race Fees	£308.00
	Annual Subscription (Club)	£2.00
	Hall Hire Charges (Aug, Sep, 05)	-£306.00
	Bank Interest	£4.64
	Monthly total	£8.64	£2,090.38
Nov-05	Race Fees	£319.64
	Purchase of Tape	-£11.76
	Donation to Children in Need	-£87.64
	Purchase of Raffle Prizes	-£150.00
	PC Company - web charges	-£29.38
	Trophy engraving	-£27.50
	Bank Interest	£4.69
	Monthly total	£18.05	£2,108.43
Dec-05	Race Fees	£160.00
	Club Membership - 2006	£9.00
	BRCA Membership fees - 2006	£36.00
	Purchase of Raffle Prizes	-£60.00
	Hall Hire Charges (Oct 05)	-£136.00
	Bank Interest	£4.55
	Monthly total	£13.55	£2,121.98
	Total Receipts & Payment		£2,121.98
Creditors & Debtors
Creditors	Northants CC - Hire of William Knibb	-£340.00
	BRCA (memberships)	-£36.00
	Total Creditors		-£376.00
Debtors	Unsold PT's	£110.00
	Unsold Y Leads	£12.00
	Total Debtors		£122.00