Income & Expenses 2022
2/3rd Australian Light Anti-aircraft Regiment Association Incorporated
2022 Treasurer’s Report
Year ended 31st December 2022
| Income and Expenditure Summary | |||
|
2021 |
|
|
2022 |
|
|
|
Income |
|
|
3460.00 |
AGM / Reunion |
2590.00 |
|
|
2870.00 |
Subscriptions & Donations |
3345.00 |
|
|
21.00 |
Bank Interest |
56.70 |
|
|
|
|
||
|
6351.00 |
|
Total income |
5991.70 |
|
|
|
||
|
|
|
Expenditure |
|
|
3290.00 |
AGM / reunion catering |
* 5372.50 |
|
|
1218.00 |
Printing, Postage, Secretarial |
698.67 |
|
|
1257.00 |
Website Costs |
683.31 |
|
|
0.00 |
Bank Fees |
39.38 |
|
|
76.00 |
Flowers |
50.00 |
|
|
0.00 |
Consumer Affairs |
60.10 |
|
|
|
|
||
|
5841.00 |
|
Total Expenditure |
6903.96 |
|
|
|
|
|
|
510.00 |
|
Surplus / Deficit |
– 912.26 |
* Includes deposit payments for 2023 AGM
|
Financial Position |
||||
|
Balance 1/1/2023 |
|
Surplus / Deficit |
Balance 31/12/2023 |
|
| CBA Chq Acc |
4567.08 |
|
|
25.00 |
| CBA Term Deposit |
7000.00 |
|
|
0.00 |
| Bendigo Easy Saver |
0.00 |
|
|
2597.65 |
| Bendigo Term Dep. |
0.00 |
|
|
8032.17 |
| Total |
11,567.08 |
|
-912.26 |
10654.82 |
AGM / reunion
A total of 42 members and guests attended the Annual Meeting and lunch at the RACV Club in 2022, a drop from the previous year’s attendance of 57. The after-effects of Covid and the fact that no original members of the regiment are still alive may have contributed to the lower than usual numbers.
The cost per head of the AGM / reunion lunch was similar to 2021 at just under $88 per head. The Association continues to substantially subsidise the cost of attending this event. The AGM cost of $5372.50 shown in the Income and Expenditure Summary includes deposits for the 2023 AGM, the actual cost in 2022 was $3685.
Subscriptions & donations
Membership of the Association has remained fairly steady at around 120 members, although approximately 25% are not currently financial. A few members have decided to leave us, but we have also picked up a few new members. Subscriptions allow the association to continue to maintain our website, subsidise the AGM lunch, produce Take Post and cover most of our other operating expenses. We will continue our policy of removing non-financial members from our database if they have not paid for two consecutive years. Some very generous donations during 2022 have also helped the Association to continue its work.
Website
Website costs in 2022 related mainly to domain name registration costs, and some minor upgrades and alterations undertaken by Designsense Web Design. The Joomla platform that our website is based on is being retired in the next few years and our site must be migrated to a new platform which will be a very costly exercise. We are very fortunate to have successfully applied for a ‘Saluting Their Service’ grant from the Dept. of Veteran’s Affairs for $10,000 which will enable that work to be done without impacting the Association’s funds.
Bank Accounts
During 2022, we moved our banking from the Commonwealth Bank to the Bendigo Bank, mainly as the Bendigo’s online banking system is more user-friendly and the interest rates on money invested is better. Despite some frustrations with the process, the changeover was completed in early 2023 and the CBA accounts have now been closed.
Prepared by: Ian Campbell, Treasurer, March 2023