Decision details

To note the draft Annual Report and Financial Statement for the financial year 2014/15.

Paul Holland, Senior Accountant introduced the Accounts 2014/15 report.  He explained that they were draft accounts that were currently being audited. He advised that the audited accounts would return to the Committee in January, once they had been to the Cobtree trustees.  The Committee was informed that King and Taylor had been appointed as auditors.

It was highlighted that there had been net increase in profits, including capital.  However with the operational costs taken out there was a deficit of £42,000 which was in line with the forecast.

In response to member’s questions it was explained that the uptake of golf was in decline and the Council were looking at new ways to manage the Golf Course.  A range of solutions would be sought as part of the tendering process in 2016.

RESOLVED: That the draft Annual Report and Financial Statement for the financial year 2014/15 be noted.