Income & Expense 2021

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2/3 AUSTRALIAN LIGHT ANTI AIRCRAFT REGIMENT ASSOCIATION

           

STATEMENT OF RECEIPTS AND PAYMENTS

           

Year Ended 31 December 2021

 

2020

   

2021

 
   

Receipts

     
           
 

245

Reunion 

 

3460

 
 

3071

Subscriptions and Donations

2870

 
 

117

Bank Interest

 

21

 
 

99

Refund - duplicate pay Designsense

0

 
           
 

3532

TOTAL RECEIPTS

6351

 
 

 

       
   

Payments

     
           
 

1631

Reunion Catering

3290

*

 

578

Take Post Printing

578

 
 

400

Secretarial Expenses - Envelopes, Copy Paper, Ink, Postage

500

 
 

51

Printing Newsletter

140

 
 

647

Web Site Maint & System Upgrades

1257

 
 

245

Reunion Refunds

0

 
   

Flowers - Joyce Curnow

76

 
 

 

       
 

3552

TOTAL EXPENSES

5841

 
 

 

       
           
 

-20

Surplus / Deficit

510

 
           
   

BALANCES AT 31 DECEMBER 2020

 
           
   

Association Funds

   
           
 

11077

At 1 January 2021 [2020]

11057

 
 

-20

Surplus / Deficit

510

 
           
 

11057

At 31 December 2021 [2020]

11567

 
           
   

Represented By

   
           
 

4057

Commonwealth Bank Account

 

4567

 

7000

Term Deposit (At 0.20%) Due 29 Apr 2022

7000

           
 

11057

TOTAL ASSETS

 

11567

           
 

* Deposits For the 2020 Reunion were transferred to the 2021 Reunion

           
   

CV Bragg, Honorary Treasurer, January 2022

2021 FINANCIAL REPORT

HIGHLIGHTS

RECEIPTS

Reunion Lunch

A total of 57 members and partners attended the 2021 AGM and Reunion, up from 49 who attended the 2019 AGM and Reunion – a great turnout considering the challenges of Covid and the absence of 16 “regulars”.

Subscriptions and Donations

Subscriptions and donations for the year ended 31 December 2021 totalled $2,870, reflecting the continuing support from both new and existing members and a number of very generous donations.

The number of members attending the AGM has been steady at around 50 or more over the past four years.

Subscriptions and donations received from members are important factors enabling the Association to limit annual subscription increases, to continue to underwrite the cost of the Annual Reunion, to produce and print Take Post, and to pay for printing, stationary, communication and website maintenance costs.

We have continued our policy of removing members from our database if we have not received their subscriptions for two consecutive years.

On a positive note, the addition of new members throughout the year is encouraging.

Approximately 90% of our Remembrance Group members were financial as at 31 December 2021, and all of the widows of former original service members are financial.

PAYMENTS

Reunion Catering

The Committee increased the cost of the Reunion lunch to $60 in 2020 after holding the cost of the Reunion Lunch (and membership subscriptions) at the same cost for the past five years.

The total cost of the AGM and Reunion was $4,921, which amounts to approximately $88 per head of the 56 attendees, and demonstrates the extent to which the Association continues to subsidise the event.

Unlike previous years, we have not paid advance deposits for the 2022 AGM and Reunion in 2021.

Printing Costs

With the majority of our members having email addresses and choosing to receive communications and Take Post by email, our printing costs continue to reduce.

The decision to print Take Post in full colour has been warmly received by members, albeit it is more costly than printing in black and white.

The introduction of newsletters during the year has also added to our printing costs.

Web Site Maintenance Costs

Web site maintenance costs in 2021 were almost double our costs in 2020. This reflects the fact we were required to undertake a number of updates to the software platform our website is built on, a firewall update and website backup. In addition, we registered three Domain names following the Incorporation of the Association in April 2021.

We are fortunate to continue to retain the support and services of Designsense Web Design, and in particular its Principal, Malcolm Romano, for technical enhancements and for monitoring the site throughout the year. Minor web site content updates (new photos and articles, data base amendments, web site links) continue to be undertaken by Honorary Treasurer Colin Bragg and Research Officer David McDonald.

Secretarial Expenses

These usually relate to postage and home office costs, but in 2021 included the costs ($220) associated with the Incorporation of the Association and related Domain name registration costs.

The unanimous support of members attending the AGM for Incorporation of the Association was significant, as it enabled us to retain our existing Domain name and register two additional Domain names.

INVESTMENT

The Association continues to roll over the $7,000 CBA Term Deposit, which is currently invested until 29 April 2022, at 0.2%.

IN SUMMARY

2021 was a good year, particularly in terms of member support and reflects the Committee’s continuing efforts in pursuing subscription payments and a steady level of donations.

The Association continues to be in a healthy financial state at 31 December 2021, with an investment balance of $7,000 and an operating account balance of $4,567.

I am pleased to present the 2021 Financial Report for adoption by members.