Baseball Promotion Club Limited was formed in April 2011 to promote the sport and interests of its members. The club owns two flats (with

the same rateable value) in Sai Kung. One of the flats is used f or the clubhouse facilities, which include a bar and a canteen which are open

to outsiders as well as members. The other flat is let to outsiders. The following are the income and expenditure accounts for the years ended 31 March 2017 and 31 March 2018:

31 March 2017\\ 31 March 2018 Receipts Member subscriptions 170.000 160,000 Gross receipts from bar & canteen Members 100.000 120.000 Non - members 237.000 270.000 337.000 390.000 Rental receipts 100,000 100.0100 607,000 550.000 Expenditures Provision of food in bar & canteen 350.000 4 20.000 Salaries & wages to staff 100.000 120.000 Building maintenance 30.000 30.000 Rates 10.000 10.000 Other sundry expenses 5.000 5.000 495.000 585,000 Surplus 112.000 65.000