As a CPA myself, I have to agree with a lot of what you have said. Would it not be more appropriate to post these observations on the club site? Surely there will be some very valid questions raised as a result of this thread which the officers could yet again fail to answer on this board.

I must admit when looking at the accounts I did some calculations and came up 'well short'. I will post what I came up with shortly. Perhaps you would care to comment as a 'realist'