Newsletter & PO box Expenditure $937 (last year $858)
Events expenditure $3,476 (last year $1,472)
International Verband $219 (last year $244)
Total Society Expenditures $9,032 (last year $7,632)
Sponsorships and grants from the Public Fund and the Main Account $2,500 (last year $3,200)
Capital Expenditure $NIL (last year $NIL)
Net Gain: $1,600.84 (last year Net Gain $699.87)
Net Equity: $27412.54 (last year $25,811, previous year $25,112)
Further Analysis
The Bottom Line
This year the accounts show a gain of around $1600 due to surpluses in the Events and Membership/PO Box areas together with a reduction in Public Fund expenditure.
Donations and Grants
Donations to the Public Fund increased slightly from the previous year. A grant of $2500 was continued to the Adelaide Symphony Orchestra as our Musical Chair sponsorship of horn-player, Emma Gregan. This was the only grant made in the 20/21 financial year.
Membership
Expenditure on members’ services (Newsletter/PO Box costs, Verband fees, insurance and audit fee) amounting to $2,786 is still below the receipts of $3,270. The Treasurer will be recommending to the Committee that membership fees for 2022 remain the same as for 2021.
Programme of Events
Expenditure on the program of events amounted to $3,476 and income from the program was $4,240. The small surplus continues to be an important component in our ability to keep the books in the black.
Reserves
Interest from the three-month term deposit has been reinvested in the deposit resulting in a modest increase in overall reserves ($46).
