Annual Report 2006-07

Finance

Up until the end of 2006 the Clubhouse development plan relied upon increasing membership and payment for individual places by Enfield Council. The expectation was to generate an income substantial enough to fund at least three staff salaries (plus the Director's salary) and to open four or five days a week. In January 2007, the Clubhouse was advised that this expectation was no longer realistic. From April 2007, the Clubhouse agreed to a one year contract for £40,000 guaranteeing a fixed monthly income.

This reduced level of income required drastic action to cut costs, which inevitably meant that staff hours needed to be reduced. Operationally, the Clubhouse reduced from three to two days per week for members.

Introduction
View from the Chair
Members
Staff
Finance
Funding
Facilities
Marketing & Development
Risks
Thanks
Board of Trustees
Bank & Auditors