The Treasurer’s report as tabled, presented and accepted at the AGM Sunday 7 November, 2021
The following is the treasures report for the period as per follows:
Dates 1 November 2020 – 31 October 2021 (note the prior years was 1 November 2019 – 15 November 2020 whilst a duplication of 15 days being 1 to 15 November 2020 there was no transactions on these days)
The Clubs gross receipts are less than $500,000 as a result the clubs financial records are not required to be, and have not been, audited.
For the 12 months to 31 October 2021 the club generated a loss of $14,638.02.
The club was able to absorb the loss as in prior years it had been operating at a surplus. The surplus funds had been retained within the clubs bank account for either loss of the lease on the grounds and to provide funds such as periods like this year with no bar and canteen facilities and reduced income due to Covid restrictions.
As at 31 October 2021 the club has bank accounts and term deposits with a total balance of $54,089.22.
Even with uncertainties of the next 12 months the club is in a strong financial position.
Mark Newman – Treasurer
For the full report please download a copy of the full Annual Report