The expenditure incurred by your Union this year was dominated by three items, totaling 14,929:
- Glorney Cup: 7,629
- Olympiad Costs: 3,600
- Support for Congresses: 3,700
This represents 65% of members fees while the surplus of 3,610 is equivalent to 16% of expenditure.
The expenditure on the Junior Championship was more than offset by the income mainly due to our sponsor.
The Irish Championship was run at a net cost to the Union of 1,500 having been generously supported by Island Oil & Gas.
In the coming year Island Oil & Gas has committed to continuing its sponsorship and your committee has agreed to entrust the management of this to Michael Crowe.
There will be no Olympiad next year which will yield a saving of approximately 4,000 while the Glorney expenses should reduce by about 600.
As a result of this the surplus for the year should increase to 8,000 provided there is no further deterioration in membership income.
No progress has been made on getting Government support for chess nor have we been successful in finding a sponsor for the Glorney Cup to which our support is committed.
A commitment of 1,000 has already been made to support a Rapidplay tournament in memory of Philip Hogarty.
We had intended to spend about 4,000 on training but a busy season on the tournament front stopped this happening. The incoming committee should publish a training programme as soon as possible aiming a high proportion of the expenditure at our junior players.
I would like to thank the committee for their support over the last two years in this my last report as Hon. Treasurer.
Income and Expenditure 2007-09-01 to 2008-08-31
|Income from Junior Championships||2,360|
|Memberships via PayPal||15,500|
|Memberships by Post||6,970|
|Glorney Cup Costs||7,629|
|FIDE Membership Fees||930|
|Chess Congress Supports||3,700|
|Surplus for the Year||3,610|
|BALANCE SHEET 2008-08-31|
|Cash at AIB (Current Account)||10,076|
|Deposit Account (AIB)||585|
|Members Funds 2008-08-31||12,470|
|Liabilities (cheques outstanding)||250|
|Net Membership Funds||12,220|
|Balance at Bank 2007-09-01||6,556|
|Members Funds 2007-08-31||8,610|
|Surplus for Year||3,610|
|Total Members Resources 2008-08-31||12,220|
|22nd Oct||500505||Ryan Rhys Griffiths - Junior||200|
|23rd Nov||500506||G O'Connell - Player of the Year||250|
|14th Mar||500515||Gearoidin - Hall of Fame & John Alfred||326|
|1st Apr||500519||Philip Short, Cork CC||300|
|12th Nov||500484||Transfer re European Entries||396|
|18th July||500529||K McPhilips - world juniors||170|
|28th July||500530||European Club Cup Entry Fee||600|
|13th Aug||500532||Gearoidin Ui Laighleis/Mark Orr / Entry Fees Beijing||150|
|20th May||500489||Mark Heidenfeld / training||250|
|Chess Congress Support|
|25th Sept||500483||Entries European to buy bank draft||1,500|
|12th Nov||500485||Limerick Chess Club||300|
|27th Nov||500486||Kilkenny Chess Club||500|
|28th Dec||500488||Donation to Leinster Chess Championship||300|
|27th Mar||500520||Ennis CC||300|
|17th June||500491||Waterford/Tramore Chess Promo||300|
|500507||Mark Orr - Expenses||80|
|18th Mar||500512||Mark Orr - Travel Expenses||50|
|25th Mar||500516||Robert Murtagh - Artwork JCC||150|
|18th Mar||500517||Pat McCarrick re Mark Breslin membership refund||20|