Meeting documents
Board of Trustees of the Recreation Ground, Bath
Wednesday, 6th June, 2007
accounts
Recreation Ground, Bath Trust - Accounts 2002/03 to 2006/07 |
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from Aug '02 |
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2006/07 |
2005/06 |
2004/05 |
2003/04 |
2002/03 |
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£ |
£ |
£ |
£ |
£ |
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Bath Rugby Club |
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Income collected by B&NES |
109,233 |
86,847 |
21,398 |
39,316 |
29,608 |
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Income collected by receiver |
72,571 |
26,371 |
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109,233 |
86,847 |
93,969 |
65,687 |
29,608 |
||||||
Expenditure |
||||||||||
Ground Maintenance apportionment |
10,668 |
10,747 |
11,217 |
11,137 |
7,894 |
|||||
Management & Administration apportionment |
24,805 |
16,146 |
13,948 |
9,991 |
- |
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Servicing Trust Meetings apportionment |
2,005 |
2,430 |
1,603 |
- |
- |
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Business rates |
6,357 |
5,320 |
5,476 |
- |
- |
|||||
43,835 |
34,643 |
32,244 |
21,128 |
7,894 |
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Surplus/(deficit) |
65,398 |
52,204 |
61,725 |
44,559 |
21,714 |
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Other Income |
||||||||||
Income collected by B&NES |
23,766 |
14,583 |
10,194 |
13,916 |
5,210 |
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Income collected by receiver |
6,100 |
3,050 |
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23,766 |
14,583 |
16,294 |
16,966 |
5,210 |
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Expenditure |
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Grounds maintenance apportionment |
37,825 |
38,102 |
39,771 |
39,485 |
27,986 |
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Management & Administration |
10,630 |
6,920 |
5,978 |
4,282 |
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Servicing Trust Meetings |
859 |
1,041 |
687 |
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Business rates |
1,191 |
1,161 |
6,270 |
5,661 |
4,417 |
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Repairs & Maintenance |
- |
6,864 |
9,135 |
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Utilities & Other Costs |
6,337 |
5,113 |
4,413 |
3,462 |
2,482 |
|||||
56,842 |
59,201 |
66,254 |
52,890 |
34,885 |
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Surplus/(deficit) |
-33,076 |
- |
-44,618 |
- |
-49,960 |
- |
-35,924 |
- |
-29,675 |
|
Net Operational Surplus/(deficit) |
32,322 |
- |
7,586 |
- |
11,765 |
- |
8,635 |
- |
-7,961 |
|
Leisure Centre |
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Income |
291,546 |
746,667 |
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Car Park |
154,774 |
138,376 |
130,993 |
134,040 |
86,180 |
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154,774 |
138,376 |
130,993 |
425,586 |
832,847 |
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Expenditure - Direct costs |
353,314 |
817,901 |
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Overhead apportionment |
106,099 |
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Property Maintenance |
107,857 |
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Car Park costs |
24,510 |
23,913 |
23,217 |
22,541 |
14,367 |
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Aquaterra payments apportioned |
282,468 |
237,262 |
268,710 |
196,310 |
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306,978 |
261,175 |
291,927 |
572,165 |
1,046,224 |
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Net Income/(deficit) |
-152,204 |
-122,799 |
-160,934 |
-146,579 |
-213,377 |
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Extraordinary Costs |
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Receiver/manager |
||||||||||
Income |
||||||||||
Interest & contribution to legal costs from receivers |
445 |
4,425 |
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Expenditure |
||||||||||
Receiver & Managers Fees |
20,198 |
44,500 |
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Trusts Legal Fees on Sale |
37,762 |
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Agents Fees |
17,500 |
|||||||||
Irrecoverable VAT |
16,844 |
|||||||||
20,198 |
116,606 |
|||||||||
Net Income/(deficit) |
-19,753 |
-112,181 |
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Strategic Review |
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BDOR |
17,537 |
|||||||||
Market Research |
25,400 |
|||||||||
Stakeholder meeting |
1,160 |
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Questionaire |
2,075 |
|||||||||
Ernst & Young |
18,912 |
|||||||||
Snr Counsel Opinions |
13,459 |
|||||||||
Review Management |
18,369 |
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Independent Adviser |
516 |
|||||||||
97,428 |
||||||||||
Net Surplus/(deficit) |
-237,063 |
- |
-115,213 |
- |
-261,350 |
- |
-137,944 |
- |
-221,338 |
|
Council leisure Centre Contribution |
152,204 |
- |
122,799 |
- |
160,934 |
- |
146,579 |
- |
213,377 |
|
Council Loan |
97428 |
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Annual Deficit |
-84,859 |
- |
7,586 |
- |
-100,416 |
- |
8,635 |
- |
-7,961 |
|
Cumulative Deficit |
-177,015 |
- |
-92,156 |
- |
-99,742 |
- |
674 |
cashflow
Bath Recreation Ground Trust |
Estimated Cash flow without Rugby Club East Stand |
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2007/08 |
2008/09 |
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£ |
£ |
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INCOME |
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Bath Rugby Club & Other Leases |
43,000 |
43,500 |
||||
Other Income |
3,350 |
3,400 |
||||
46,350 |
46,900 |
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EXPENDITURE |
||||||
Grounds maintenance |
56,104 |
57,787 |
||||
Management & Administration |
24,471 |
25,205 |
||||
Servicing Trust Meetings |
3,682 |
3,792 |
||||
Business rates |
7,016 |
7,226 |
||||
Repairs & Maintenance |
8,240 |
8,487 |
||||
Utilities & Other Costs |
5,530 |
5,696 |
||||
105,043 |
108,194 |
|||||
Loan Repayment (2006/07 loan) |
12,794 |
12,794 |
||||
(2007/08 loan) |
12,794 |
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Estimated Deficit |
-71,487 |
-86,882 |
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