CSSA Treasurer’s Report 2021 SECTION 1: SUMMARY OF ACCOUNTS 1. The following table summarises CSSA General Fund and the Bequest Fund to show the total income and expenditure and the total “financial worth’ of CSSA. Further detail is in Sections 2 and 3 and the Financial Statements within this report. CSSA Summary Net Income/ (Expenditure) Year ended 31 December 2021 Year General Fund Bequest Fund CSSA Total £ £ £ 2020 2,217 2,217 2021 1,419 312,471 313,890
Year 2020 2021
CSSA Summary Reserves at 31 December 2021 General Fund Bequest Fund £ £ 403,270 404,689 312,471
CSSA Total £ 403,270 717,160
SECTION 2 - CSSA GENERAL FUND 2. 2021 Results: CSSA made a small surplus of £1,419 compared with £2,217 in the prior year (PY). CSSC annual membership grant £33,972, the primary source of income to CSSA, remained unchanged for a third year. CSSC Events grant £9,000 was resumed this year after a gap last year due to Covid 19.Together these represent over 99% of income. Summary I&E for Year Ended 31 December 21 2021 2020 £ £ Total Income 42,982 34,077 Total Expenditure 41,563 31,860 Net Surplus 1,419 2,217 3. The intentionally smaller surplus of £1,419 and underspends due to Covid 19 have enabled a greater distribution of excess reserves than planned at £11,000 (PY £12,500). This to support their working capital and projects. Clubs were asked how they envisage utilising their grant and the following is a summary of responses received: Replacement yachts cost contribution e.g. pre-purchase survey of a club yacht; site and facility improvement e.g. including improving walkways for disabled members; improved security systems and lighting; replacing an ageing outboard (petrol) with an electric powered outboard as part of the RYA Green-Blue endeavour, 4. CS Sailing Magazine costs for 2021 were £10,723 (33% of General Expenditure [GE]). This year has seen a review of providers and format with a view to reducing 7
