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Annual General Meeting 2021
Chairman’s Report for 2020
It gives me great pleasure to present my report for the financial year ended 31st December 2020.
Due to the Covid 19 lockdown the Committee has made the decision to postpone the Annual General Meeting until lockdown restrictions have been lifted.
When the Club can fully open, we will inform all members of the proposed AGM date. This is also once the Committee are able to meet without restriction.
This will be a brief report for 2020, incorporating the finance report due to the Club being closed for almost 6 months.
For the first time in over 20 years the Club has made a financial loss. The total loss for 2020 is £21,977 luckily the Club have the resources to manage such a loss without damaging the Clubs long term future. Our bank balance has decreased as would be expected, but still exceeds £500k.
The committee have worked hard on your behalf to minimise the financial loss, assisted in no small way by the Test Valley Borough Council hospitality support grant of £11,334, and careful financial management by Club Secretary Sue Harris.
A summary of the financial statements shows revenues effectively halved, whilst maintaining a competitive gross margin of 51%. Similarly, fruit machine income was down over 60%, which normally offsets the day to day administrative costs of running the club. Apart from staff costs the majority of the administrative expenses were down year on year. We have talked through the accounts with the reporting accountants Moore, and I will commend these accounts to you at the forthcoming AGM.
As part of our commitment to staff, the committee decided to supplement the wages of furloughed members of staff to 100%, whilst keeping 3 staff working in order to maintain the fabric of the building and the equipment.
We kept these 3 key staff members working for the following reasons: the Club Secretary, Sue Harris, still had to manage the business/admin side of the club, Sheena Stacey & Michael Edom completed a deep clean of the kitchen, bar and cellar, Michael also carried out the maintenance jobs around the Club.
In July, we were able to reopen on a very restricted basis which involved making the Club Covid-safe and reduced seating to 50% capacity. We also introduced a more extensive food menu as a way to stay open over the Christmas period, this did prove very successful and I would like to thank Sheena for making this a success.
A big thanks to all the staff for the commitment to the Club during this time, it has been a difficult time for us all!
I would also like to thank our Club Secretary, Sue Harris, for her total commitment to the Club and basically being on call 24/7 whilst the Club has been in lockdown, watching every penny to reduce our costs were possible.
In closing, 2020 has been a difficult year and I would like to thank my fellow Committee members for their support and their dedication to The Romsey Conservative Club throughout 2020, and also the support of the members and I ask for your continued trust and support for the coming year.
It has been an honour and privilege to serve as your Chairman.
We will try to keep members updated either by email or please check the Club’s website: www.romseycc.co.uk
We are planning to reopen on May 17th, 2021, this is dependent on the Government lifting lockdown restrictions.
KEEPING UP WITH THE TIMES!
We have fully kitted out the roof of the Conservative Club with Solar Panels!
The Dress Code for the Club shall be Smart Casual at all times.
NO Vests or Singlets at any time.
Tailored smart shorts may be worn in the Club at any time
NO Headwear to be worn in the Club at anytime.
NO Football or Rugby shirt in Lounge Bar in the evening.
It is not the committees intention to offend members or their guests, but only to ensure that the general standard of dress in the Club does not fall below that which is expected by the majority of the Membership. We trust that all members will adhere to the code and accept the spirit behind the decision.