November 2014 REPORT OF THE COMMITTEE PHIL OPERATING PROFIT / LOSS - - PowerPoint PPT Presentation

ANNUAL GENERAL MEETING November 2014

REPORT OF THE COMMITTEE

• For the first time for 6 years, the Club has made an operating profit
• But there is a long way to go to make up the £80k operating loss that

has been incurred in the previous 5 years

• Rodger will talk about this in the Treasurer’s report

2009 2010 2011 2012 2013 2014 Year end March

7.1

• 25.2
• 25.2
• 4.1
• 22.2
• 5.1

Loss / Profit

OPERATING PROFIT / LOSS (£k)

PHIL

• We continue to invest in our premises and equipment:
• 2 new coaching RIBS, paid for by Sport England Grant – allowing us

to attract training & support safety for larger events

• New tractor which can be partially immersed in water (the old one

should not have been, was becoming expensive to repair & not safe)

• RS200 & Solo to support the on-going development of fleet activity
• The next big task is to renovate the Gents Changing Rooms, which

we are intending to do over the winter

PREMISES & EQUIPMENT

PHIL

• Our members have achieved some great things on the water:
• Jeremy Davy & Ethan Plank: Miracle National Champions
• Jack Lewis: Tera Pro National Champion
• Ben McCann: RYA North Zone Bic Techno 7.8 Champion
• Martin & Abbey Huett: Miracle Nationals: 2nd
• Jack Lewis & Lucas Marshall: Feva Europeans: 2nd
• Harry Jones: Tera Pro National Ranking: 3rd
• 3 members at the International Moth Worlds
• Milli Irish & Katie Byne in RYA Optimist squads

CELEBRATING SUCCESS Congratulations to them all!

PHIL

• Aims: increasing participation on the water across all activities:
• Improved processes:
• Improved safety: Risk assessments, 6 monthly bosun training, tractor

training, emergency planning, employee welfare, PPE

• Open Meetings: Enforcing rules, consistent documentation, pre-planning,

encouraging limited number of large external events to generate income

• OOD training / manual
• Duty Man
• Improved offering:
• Professional coaching
• Racing talks
• Youth & Junior sessions
• Novice racing
• Squad & fleets training at Draycote
• Still to come:
• Encourage & re-engage members: Reviewing Sunday racing format,

supporting fleet captains, home fleets’ training

• Encouraging new fleets

SAIL COM

WILL

• Increase in training (164 trainees in 2014 v. 122 in 2013 – up 34%)
• Creation of a pathway in partnership with the RYA
• Converting training graduates to members & promoting boat hire
• Novice racing scheme (helped by £700 grant from RYA) – over 50 participated
• Providing an introduction to fleet activity (through fleet boats)
• 10% of Barts Bash fleet were sailing their first race!
• New equipment for the on-going development of the training centre
• Managing & promoting open meetings to:
• Maximise participation
• Ensure smooth running of event on & off the water
• Provide the highest standards of safety & facilities
• Looking to increase other income streams:
• Providing a training facility for outside fleets
• Birthday parties
• Hire of lounge

WATER MANAGER

DAVE

• Last year we arrested the membership decline & saw a slight increase
• This year membership is similar to last year
• Increasing membership numbers is an absolute priority for 2015
• We have tried to ensure communication with members is good:
• Regularly updated triangular displays in lounge & on noticeboards
• Excellent Draycote Unshackled
• Use of Mail Chimp
• We have pulled together all the Club’s written & unwritten rules into one

document: The Regulations

• Now everyone knows where to look when they want to know what

boats they can bring to the Club, where they can park, what happens if they cease to be a member & leave their boat here, etc

• We have updated the documentation for club racing & open meetings to

ease the burden on organisers & ensure consistency & quality

MARKETING & COMMUNICATIONS

JEREMY

• The Club is run by & operates through volunteers (we have professional

staff, but their hours are exceeded by committee & other volunteer hours)

• In order to build on the recovery of the last 2 years, we need more

people to help

• On the Committee
• On sub-committees:
• Sail Com
• House Com (incl. social)
• Marketing & Communication
• Youth & Junior
• Just volunteering to do things (& doing them)
• We still desperately need more people to help run the Club

VOLUNTEERING

PHIL

ACCOUNTS TO MARCH 2014

• For the first time for 6 years, the Club has made an operating profit
• But there is a real problem that membership fees do not cover our costs

& so we are reliant on other revenue streams (which can be volatile)

• The operating profit was largely due to management of the Club’s assets

(sale of the Arvor & replacing it with a more suitable boat)

2009 2010 2011 2012 2013 2014 Year end March

7.1

• 25.2
• 25.2
• 4.1
• 22.2
• 5.1

Operating Loss / Profit

PROFIT / LOSS (£k)

RODGER

7.1

• 24.9
• 24.6
• 3.5
• 21.5

0.6

Declared Loss / Profit

• Our “fixed” costs are c. £221k
• Membership income brings in £186k
• Meaning we are heavily reliant on training & other income (which can be

volatile)

Expenditure Income Establishment Year end March Admin Sail & rescue

2013/14 INCOME & EXPENDITURE (£k)

126 186 36 60 59 40 280 286 58 Cost of sales Membership Training Other Cost of running the Club

RODGER

• We have stopped the decline in membership income
• Training income has massively increased
• Other income is stable

2009 2010 2011 2012 2013 2014

Membership

Year end March

Training Other

INCOME (£k)

219 220 204 197 182 186 63 71 64 6 14 60 46 48 65 37 40 40 329 338 333 240 236 286

RODGER

• Establishment costs have largely stabilised
• We have reduced admin & sail & rescue costs
• Costs of sales have increased with the increase in training

2009 2010 2011 2012 2013 2014 Establishment Year end March Admin Sail & rescue

2013/14 INCOME & EXPENDITURE (£k)

108 113 107 119 123 126 46 46 41 42 43 36 95 109 85 72 64 59 334 361 337 265 262 280 84 93 104 32 32 58 Cost of sales

RODGER

WHERE WE ARE AFTER THE FIRST 6 MONTHS?

RODGER

• So far this year expenditure is slightly up on last year
• But income is up more
• The refurbishment of the Gents changing rooms may have some impact
• n this (although much will be covered by the Sport England grant)

Expenditure Last year This year Income Last year This year Establishment Admin Sail & rescue

APRIL – SEPT: INCOME & EXPENDITURE (£k)

55 47 134 136 25 26 42 56 36 34 34 27 149 154 210 219 33 47 Cost of sales Membership Training Other

RODGER

ANNUAL GENERAL MEETING November 2014