| LEICESTERSHIRE ORIENTEERING CLUB | ||||||||||
| ACCOUNTS FOR THE YEAR ENDED | ||||||||||
| ENDED 31 JULY 2006 | ||||||||||
| LEICESTERSHIRE ORIENTEERING CLUB | ||||||||||
| INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JULY 2006 | ||||||||||
| 2006 | 11 MTH 31.7.05 | |||||||||
| £ | £ | £ | £ | £ | £ | |||||
| INCOME | ||||||||||
| Membership fees | 383 | 435 | ||||||||
| Permanent courses | 151 | 0 | ||||||||
| Surplus from events (see page 3) | 2,449 | 3,929 | ||||||||
| Sale of maps other than at events | 127 | 565 | ||||||||
| Grants & gifts | 10 | 45 | ||||||||
| Club shop | 500 | 11 | ||||||||
| Bank interest received | 325 | 221 | ||||||||
| --------- | --------- | |||||||||
| Total income | 3,945 | 5,206 | ||||||||
| EXPENDITURE | ||||||||||
| Administration | ||||||||||
| Memberships | 77 | 44 | ||||||||
| Committee meeting hire | 184 | 178 | ||||||||
| Committee expenses | 246 | 191 | ||||||||
| Newsletter | 458 | 388 | ||||||||
| Team entries | 178 | 234 | ||||||||
| --------- | --------- | |||||||||
| 1,143 | 1,035 | |||||||||
| --------- | --------- | |||||||||
| Events | ||||||||||
| Publicity | 42 | 65 | ||||||||
| Mapping expenses/surveys | 697 | 697 | ||||||||
| Laser printing | 685 | 649 | ||||||||
| OS copyrights | 538 | (48) | ||||||||
| Event equipment | 562 | 799 | ||||||||
| Maps usage charge | 42 | 128 | ||||||||
| Depreciation - equipment | 938 | 580 | ||||||||
| --------- | --------- | |||||||||
| 3,504 | 2,870 | |||||||||
| --------- | --------- | |||||||||
| Development expenses (training, youth) | ||||||||||
| Expenses | 251 | 55 | ||||||||
| Permanent | 54 | 20 | ||||||||
| Trophies | 200 | 13 | ||||||||
| --------- | --------- | |||||||||
| 505 | 88 | |||||||||
| --------- | --------- | |||||||||
| Club shop | ||||||||||
| Use of stock | 123 | 296 | ||||||||
| --------- | --------- | |||||||||
| Total expenditure | 5,275 | 4,289 | ||||||||
| --------- | --------- | |||||||||
| Surplus/(loss) for the period | (1,330) | 917 | ||||||||
| Accumulated fund brought forward | 11,230 | 10,313 | ||||||||
| --------- | --------- | |||||||||
| Accumulated fund carried forward | 9,900 | 11,230 | ||||||||
| ====== | ====== | |||||||||
| Page 1 | ||||||||||
| LEICESTERSHIRE ORIENTEERING CLUB | ||||||||||
| BALANCE SHEET AT 31 JULY 2006 | ||||||||||
| 2006 | 2005 | |||||||||
| Notes | £ | £ | £ | £ | ||||||
| CURRENT ASSETS | ||||||||||
| Maps | 1 | 0 | 42 | |||||||
| Equipment | 2 | 1357 | 695 | |||||||
| Club shop & cash in hand | 3 | 665 | 351 | |||||||
| Computer toner | 400 | 0 | ||||||||
| Prepayments | 0 | 50 | ||||||||
| Bank | 6774 | 10049 | ||||||||
| Cash account | 704 | 43 | ||||||||
| --------- | --------- | |||||||||
| 9900 | 11230 | |||||||||
| --------- | --------- | |||||||||
| CURRENT LIABILITIES | ||||||||||
| Creditors | 0 | 0 | ||||||||
| --------- | --------- | |||||||||
| 0 | 0 | |||||||||
| --------- | --------- | |||||||||
| NET CURRENT ASSETS | 9900 | 11230 | ||||||||
| ====== | ====== | |||||||||
| Represented by: | ||||||||||
| ACCUMULATED FUND | 9900 | 11230 | ||||||||
| ====== | ====== | |||||||||
| Page 2 | ||||||||||
| LEICESTERSHIRE ORIENTEERING CLUB | ||||||||||
| SUMMARY OF EVENTS INCOME - YEAR ENDED 31 JULY 2006 | ||||||||||
| Income | Expenses | |||||||||
| £ | £ | £ | £ | |||||||
| BO1 | 18 Sep - Burbage | 95 | 22 | 73 | ||||||
| BO2 | 23 Oct - Fermyn | 361 | 381 | (20) | ||||||
| BO3 | 20 Nov - Bagworth | 500 | 354 | 146 | ||||||
| BO4 | 5 Feb - Burrough | 358 | 265 | 93 | ||||||
| BO5 | 26 Mar - Belvoir West | 1,679 | 1,038 | 641 | ||||||
| BO6 | 23 Apr - Grange | 581 | 162 | 419 | ||||||
| BO8 | 10 June - Bradgate & Swithland | 594 | 666 | (72) | ||||||
| 4,168 | 2,888 | 1,280 | ||||||||
| Winter League (midweek) | 129 | 67 | 62 | |||||||
| Novelty (New Year & Xmas) | 422 | 361 | 61 | |||||||
| Night events | 64 | 28 | 36 | |||||||
| Prior year | 98 | 54 | 44 | |||||||
| Summer League (split) | 1,721 | 755 | 966 | |||||||
| 6,602 | 4,153 | 2,449 | ||||||||
| NOTES | ||||||||||
| 1. MAPS | ||||||||||
| Stocks of maps are included at their printing cost less a reduction of 25% for each year of age. | ||||||||||
| 2. EQUIPMENT | ||||||||||
| Equipment is revalued annually | ||||||||||
| 3. CLUB SHOP | ||||||||||
| No records have been examined in respect of the club shop. | ||||||||||
| Page 3 | ||||||||||
| INDEPENDENT ACCOUNTANTS' REPORT | ||||||||||
| TO THE MEMBERS OF LEICESTERSHIRE ORIENTEERING CLUB | ||||||||||
| We have reviewed the financial statements on pages 1 to 3. Our review involved | ||||||||||
| a comparison, on a test basis, of the financial statements with the underlying accounting | ||||||||||
| records of the club. | ||||||||||
| We are satisfied, that the financial statements fairly reflect the accounting records and | ||||||||||
| information supplied to us for the year ended 31 July 2006, however, members | ||||||||||
| should be aware that this club, in common with many others of similar size and organisation, | ||||||||||
| derives a substantial proportion of its income from the running of events, the income from | ||||||||||
| which cannot be fully controlled until entered in the accounting records and which is not | ||||||||||
| therefore susceptible to independent verification. | ||||||||||
| DAWES & SUTTON | ||||||||||
| Chartered Accountants | ||||||||||
| Springfield House | ||||||||||
| 4 Millicent Road | ||||||||||
| West Bridgford | ||||||||||
| Nottingham | ||||||||||
| NG2 7LD | ||||||||||
| ……………………….2006 | ||||||||||
| Page 4 | ||||||||||