SAVS Finances

The Committee aims to run the SAVS Accounts to cover our costs during the year but not to make a surplus, ie all the money that we receive gets put back into the SAVS section. We aim to carry a “float” in the accounts of £1500-£2000 to allow us to cover unforeseen expenses (eg having to cancel Invitation Day in September 2025 after the prizes had been bought) or for things like paying the deposit for the Tour.

Our income comes from two sources:

1) The £10 contribution that we all pay at the start of the year.

2) A small surplus on the competitions that we run.

The SAVS competitions generally have an entry fee of £5 (compared to the Mens competitions which are £8) We aim to pay out around 90% of the entry fees in prizes (including the birdie 2 sleeves of balls).

Our expenses come from many sources:

1) Printing expenses, Christmas cards for over 80’s, Nizels staff Christmas gift, Paypal fees , KGVL fees & expenses, trophy engraving, Honours boards, Captain’s gift etc.

2) We provide one free drink at the AGM for those that attend. 

Other events during the year like the Tour, Captains Charity Day, Invitation Day are treated as one off events and the aim is for these to break even. Generally, if there is a loss the section covers that from the “float” and if they make a profit the surplus goes towards that year’s charity.

The total turnover in the accounts over the course of a year is around £20,000.

The treasurer produces a financial report for the committee every month so that they can keep track on how the accounts are doing. A report is provided to all the members attending the AGM in October of each year.