Treasurer’s Report 2019-2020

Treasurer’s Report
For October 2019- September 2020

This year was a challenging year for the badminton operations of the club due to the outbreak of the coronavirus.  The Committee decided, for the health and wellbeing of our members, to suspend play in March 2020 and due to government restrictions, play did not recommence for the remainder of the year.

Due to the suspension in play the Committee made a decision to carry over a credit of $82.50 per member (for fully paid up members) from the $120 2020 Season 1 match fee against the Season 1 2021 match fee to represent the games that members had paid for but didn’t get to play.

Financially this was a very hard year for us as we had most of our usual overhead expenses but no income to cover them.  Fortunately, we received help in the form of $1,000 as a government grant from the Department of Jobs, Precincts and Regions in June 2020 and a further $500 from the same department in September 2020.

We also received a refund of our Badminton Victoria Insurance (this didn’t credit the bank until 21st October 2020 and so will be formally reported in the 2021 Financial Report).

This year the Club made an operating surplus of $1,799.  When adjusting for the $3,630 credit for unplayed matches that will be carried forward to next year this is a real loss of ($1,831).

The main details are as follows:

Income:
Total income was $6,995 (last year $14,298).

Match fees were lower this year at $5,400 (last year $11,780). The income represents a whole season of match fees but $3,630 of this will be carried forward to Season 1 of 2021 as a credit meaning that the match fee income was really only $1,770.

Fundraising consists of the two government grants totalling $1,500.  No other fundraising events were held during the year.

Expenditures:
–  Court Hire $2,383 (last year $7,411)
–  Admin $428 (last year $594)
–  Refreshments $250 (last year $450)
–  Cards and Gifts $150 (last year $100)
–  Trophies $469 (last year $536)
–  Registration & Insurance Badminton Victoria $890 (last year $875), as detailed above this was refunded in October 2021.
–  Expenditure on Shuttles of $543 (last year $1,900).  The $543 includes a refund of $500 from a deposit paid in 2019.  The real cost of shuttles for the year was $1,043.

Funds in Bank:
At the end of year the balance was $7,923.
Funds in the bank at the start of the year was $6,124.

2021 Outlook

We start 2021 in the new Nunawading Community Hub stadium.  As notified to members in early 2020 the court hire rates in the new stadium will increase.  We surveyed members earlier in 2020 to assess whether they would prefer to move to a new stadium or cover this cost increase with a small increase in match fees and most members indicated that they were comfortable with a small increase in match fees.  We propose a further survey of members towards the end of Season 1 2021 to see if members are happy with the new stadium and, if so, we will be proposing a match fee increase from $120 per season ($7.75 per game) to $130 per season ($8.13) per game.

Full details of our financials and comparison with previous years are available from the Secretary or can be seen here.

Michelle Jackson
Treasurer

 

AGM notice

NOTICE OF UPCOMING T.L.B.A. Inc. ANNUAL GENERAL MEETING

to be held at Nunawading Community Hub, 96-106 Springvale Rd, Nunawading @ 11.30am 28/1/2021

THURSDAY, 28th January, 2021 Hit Up at 9.30am-11.30am

First hit up round at our new venue will be played in the morning followed by Annual General Meeting.  On arrival please use hand sanitizer, sign in to Centre and apply social distancing. Nunawading CC require that a mask is to be worn at all times when not playing.

Please forward any motions in advance (or at meeting) to Secretary jenny.anne.lee.44@gmail.com

Please consider if you wish to join Committee

Look out for group email to be sent to all players to remind as many players as possible to attend AGM

See above for Financials which have been posted pre AGM relating to 2021 figures.

Find us on Facebook and Instagram

We have set up a Facebook and Instagram page, linked to this website, and plan to post photos of us playing and our news and events to raise awareness of our club and “bring it to life” to engage with potential new members.

The link to the Facebook page is:
https://m.facebook.com/thornburnladies/?tsid=0.7504724317294771&source=result

The link to the Instagram page is:
https://www.instagram.com/thornburn_ladies_badminton/

Treasurer’s Report 2018-2019

Treasurer’s Report
For October 2018- September 2019

This year the Club made a profit of $523.

The main details are as follows:

Income:
Match fees were higher this year at $11,780 (last year $9,528). The fees were raised to $120 person per season to cover projected costs and to recover from last years loss.

Expenditures:
Court Hire $7,411  (last year $6,363)
Admin $594  (last year $557)
Refreshments $450   (last year $570)
Cards and Gifts $100  (last year $155)
Trophies $536 (last year $566)
Registration & Insurance Badminton Victoria  $875
Expenditure on Shuttles of $1,900 (last year $2,788)

Funds in Bank:
At the end of year the balance was $6,124.
Funds in the bank at the start of the year was $5,600

Fundraising:
The fundraising event was once again very successful with $1,313 raised and donated to the Anti Cancer Council of Victoria.

We are hopeful that we can keep the match fees at the same as last year. $120 per season.
This will of course depend on the number of people we have playing.

Full details of our financials and comparison with previous years are available from the Secretary or can be seen here.

Note: Acrobat Reader is required to view file.

Dianne Forster
Treasurer