Winter Newsletter 2022 FINAL for WEB

udgeted, expenditure of approximately £43k
on “Fertiliser, Turf & Seeds” across both
courses to take on board recommendations
from the R&A that the Club sought ahead of
next year’s Senior Amateur Championships.
• The second half of the year obviously sees
traditionally low levels of income with
expenditure rolling on. We will see some
slippage to budgeted labour costs in the final
quarter, the three months to 31st March 2021,
as we attempt to ensure we have the
appropriate staffing levels in place for next
Spring with a view to returning service levels
to those expected by our members and visitors.
• Forward visitor bookings for 2022 are very
strong and currently stand at more than
11,000 rounds.
Subscriptions
Council of management has approved an increase
to membership subscriptions for 2022/23 in
accordance with the Club rules and current
inflationary pressures. The increase in the full
subscription will be £40 with other categories
increasing by the same percentage.
Cash Position
• Total bank balances at the end of September
sit at just short of £5.9m which is
approximately £400k up from our last year
end.
• Included in this are approximately £1.2m of
green fee deposits held, up by approximately
£220k from our last year end.
Summary
To sum up, the first half of the year has gone
slightly better than planned financially. Should
things continue to trend as we expect, we are on
target to deliver a surplus for the full year.
This does not happen by accident and great credit
is due to our management team, heads of
department and all their teams for continuing to
deliver during uncertain times.
John Gow
Finance Convenor
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