Treasurers Report March 2021 AGM:
The year was not a very good year for MBLA accounts. As you will see from the “Annual Accounts” for the year ending Feb. 2021.The main sources of income was down compared to the previous year. Membership Subs down approximately 25% and boat contributions down about 75% respectively. Other major income came from donations. Many thanks to our members for their support during this time. Sadly, with the loss of Peter May twelve months ago donations were received in his memory. Many thanks to Peter’s wife and family. Expenditure is always ongoing with the main item of expenditure being the HR boat insurance of £2,695. However, we managed to negotiate a partial refund of £978 while HR is laid up. part of this will have to be repaid once HR is actively sailing once again. Other major expenditure was a result of a faulty ignition switch resulted in renewing the engine starter battery, solenoid, and starter motor. As with all years the normal painting, decorating and woodwork repairs were ongoing. There we no social events during the year, such as raffles, and very little sales of goods. Notwithstanding the fact that the annual dinner did not take place.
Please see the Annual Accounts as well, any questions please contact me.
David Keast.
Treasurer.