Treasurer's Report

PLSC AGM 2024

The financial policy of the club is to break even on trips with an expected number of

guests (usually about 30). Any profit from the trips is then used to offset the club’s main

cost which is the subsidy on the annual dinner. The subscriptions are then used to cover

the administration costs.

I am pleased to report that in 2023 the policy was successfully implemented

(thanks to Garth’s hard work) with only a small loss of £409 compared to last year’s loss of

£3,202 (mainly due to the costs of the special celebration 60th Dinner).

I am not going to go through each line of the accounts in detail but if you have any

questions on a particular line please ask or contact me later.

As a result the club’s reserves fell from £16,427 to £16,018 – which is not of

concern. We expect the current year (2024) to show a similar result.

I would like to thank our auditor, Laurence Dobney, for his hard work.

Unfortunately, he cannot be with us this evening but he has expressed his willingness to

audit the accounts again next year.

Nigel Burroughs