The Official Website Treasurers Report

Treasurer's Report

The Association’s total funds as at the end of the financial year 30th of April 2017 were $24,887.21. Of this value $10,500 is in a fixed term deposit and the other funds are available in cheque or PayPal accounts. We have $384 in assets consisting of plans and medals. We also have a liability to Western Australian Association for unpaid subsidies of $3,798 leaving total net assets of $21,473.21.


The total income for this financial year, received for membership and sales of documents and products came to a total of $9,637.40.  Total expenses for the same period came to $8,612.41 creating a surplus of $1,024.99.
The two largest expenses were State Association subsidies which came to a total $5,003.22 and public liability insurance which came to a total of $1,653.74. All other expenses came to a total of $1,955.45 which comprised of operating costs and expenses that can be seen in the Balance and Profit and Loss Statement.

Income2
Fifty three percent of the transactions the Association has with members is done through PayPal and has become an important part of the revenue collection process at the cost of $125.23.

Some graphs have been created to indicates trends and breakdowns of income and expenses.

    

Hartley Trailer Sailer 16 Association of Australia inc

Balance Sheet as at 30th April, 2017

     
         

Assets

  2016/2017 2015/2016 2014/2015
Bank Assn funds $14,049.08 $12,573.00 $10,539.46
  Paypal $338.13 $775.82 $464.24
  Term Deposit $10,500.00 $10,500.00 $10,500.00
  Bank total $24,887.21 $23,848.82 $21,503.70
         
Other Stock of Plans $250.00 $350.00 $250.00
  Stock of Medals $134.00 $47.40 $153.66
         
Liabilities WA Funds -$3,798.00 -$3,798.00 -$3,798.00
         
Net Assets   $21,473.21 $20,448.22 $18,109.36
         
  Accumulated funds 30th May $20,448.22 $18,109.36 $17,262.36
  Surplus (short) for year $1,024.99 $2,338.86 $846.94

Equity

  $21,473.21 $20,448.22 $18,109.30
         
         
         
         

Profit and Loss Account for the 12 months ended 30th April, 2017

         
Income   2016/2017 2015/2016 2014/2015
  Membership $8,950.00 $9,550.00 $9,488.54
  Plans including Membership $300.00 $450.00 $150.00
  Sale Medals $57.60 $68.64 $0.00
  Bank Interest $288.76 $420.39 $446.63
  Publications $40.00 $122.00 $122.00
  Donations $1.04 $0.00 $75.00
Total income $9,637.40 $10,611.03 $12,882.17
         

Expenses

  2016/2017 2015/2016 2014/2015
  Membership subsidy      
  NSW & ACT $2,357.06 $2,479.03 $2,516.99
  Victoria $1,669.32 $1,654.22 $1,609.11
  Queensland $346.46 $444.48 $446.72
  Sth Aust $535.44 $632.35 $666.76
  West Aust $0.00 $0.00 $0.00
  Tas $94.94 $123.72 $120.01
  SUB TOTAL $5,003.22 $5,333.80 $5,359.59
         
Other Expenses      
  Insurance $1,653.74 $1,654.00 $2,598.61
  Postage net $677.29 $377.03 $409.72
  Plans $0.00 $250.00 $0.00
  Medallions - Austn Champ $529.98 $161.70 $154.00
  Printing & Stationary $147.79 $150.00 $164.00
  Dept Fair Trading $0.00 $144.00 $98.00
  Paypal Charges $125.23 $130.12 $86.10
  AY Affilliation $70.00 $70.00 $0.00
  Journal   $1.52 $21.04
  National Subsidy $0.00 $0.00 $1,000.00
  Audit Fees $0.00 $0.00 $0.00
  Filing Fees $0.00 $0.00 $0.00
  Communications $16.00 $0.00 $17.59
  Bank Charges $0.00 $0.00 $0.00
  General Expenses $240.00 $0.00 $85.10
  IT Exp $149.16 $0.00 $187.64
  Cost of Medal Stock     $62.40
    $3,609.19 $2,938.37 $6,675.64

Total expenses

$8,612.41

$8,272.17

$12,035.23

Net Surplus (short) $1,024.99 $2,338.86 $846.94
Expense %   4.11% -31.27% -10.10%
Income  %   -56.18% 176.15% -61.04%

 

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