TREASURER’S REPORT 31.10.02

As last year’s financial accounts covered a period of only 10 months, this year’s cover 14, bringing the year end back on track. So a comparison between the two years is not sensible.

The figure of £186.20 for the club dinner profit is derived from this year’s figures, but after allowing for the £100.00 deposit paid last year, the net profit is £86.20. This is considerably less than last year due mainly to the fact that we chose a dearer menu but kept the ticket price the same.

Once again we had a successful “Open 10” producing a profit of £95.00. We received donations amounting to £145.00 (including 2 from non - KPRC members) without which would have made a loss of £50.00.

Bank interest of £50.68 is in fact interest for last and this as it appears on the October bank statement for each year.

Similarly the £47.90 for the club events levy is for the 2001 and 2002 racing seasons as that too is paid to the RTTC at the end of each year.

So, once again, a very good year for us with the club in a very sound financial position.

Doreen Powney