Income and Expenditure Summary
2024 2025
Income
2780.00 AGM/Reunion 3405.00
2125.00 Annual Subscriptions 1675.00
290.00 Donations 1615.00
280.36 Bank Interest 53.53
5475.36 Total Income 6748.53
Expenditure
4116.00 AGM/Reunion Catering 7,386.50
826.70 Printing, Postage 617.76
479.98 Web Site Costs 697.96
3.50 Bank Fees 2.80
50.00 Flowers / Wreaths 50.00
47.70 Consumer Affairs 49.00
5523.88 Total Expenditure 8804.02
-48.52 Surplus / Deficit -3280.14
Note: The expenditure amount of $7,386.50 for AGM catering includes the first deposit of $1,512.50 for the 2026 AGM. This means the Association subsidised the 2025 event $2,370.00.
AGM / Reunion
A total of 55 members and guests attended the Annual Meeting and lunch at the RACV Club on 26th April, 2025.
The cost for the 2025 AGM was $5,775 ($85 per head plus drinks) which averages out to $105 per head. Our event income was $3,405 which means the Association has sub sided the event by $2,370 or $43 per head. Over the years, the Association has subsidised the cost of the AGM but with increasing costs year on year, we need to review the prices charged to members and guests for the event and/or investigate alternative venues or formats to reduce the expense to the Association.
Subscriptions & Donations
Membership of the Association is stable at 101 members, with 83 being financial at 31/12/2024. Following our policy, members who have not paid subscriptions for two years will be removed from the membership roll. Subscriptions allow the Association to continue to maintain our web site, subsidise the AGM lunch, produce Take Post and cover most of our other operating expenses. $50 membership received by EFT from Mirtlief Pty Ltd on 26/4/24 could not be attributed to a particular member as there was no name on the transaction. We would like to thank the members who donated a total of $1,615 to the Association during 2025.
Prepared by Ian Campbell, Treasurer
March 2026
