Page 8 - Riding On Autumn 2022
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e | treasurer@ulysses.org.au National Treasurers Report
e | treasurer@ulysses.org.au
m | 0429 002 411 m | 0423 379 848
The Autumn edition of Riding On 4. Similarly, the change in our membership is not encouraging
is the one where the Treasurer to advertisers looking at Riding On as a vehicle to promote their
has nowhere to hide. This is when products. Along with the decline in print/magazine advertising
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outcome of the previous years RXWFRPH LV GHVSLWH WKH FRQWLQXHG VWURQJ HRUWV E\ RXU 1DW&RP
operations to members. There is members to secure advertisers for the magazine.
either a feeling of success in that
the operations have generated 5. And the old favourite falling interest rates. The Club has
a surplus or there is some LQ EDQN WHUP GHSRVLWV 7KH EHVW UDWH RHULQJ GXULQJ
GHVSRQGHQF\ VXUURXQGLQJ D GH¿FLW 2021 was 0.3% p.a. This halved the interest income for 2021
result. Regrettably this year we WR 7KH EXGJHW IRU LQWHUHVW LQFRPH IRU LV QRZ RQO\
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year 2021 the club recorded a
GH¿FLW RQ RSHUDWLRQV RI sustained through 2021.
7KH DFFRXQWV IRU WKH ¿QDQFLDO \HDU KDYH EHHQ UHYLHZHG Regarding expenses: we have reduced our operating cost
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and audited. We have received a clear audit report from associated with the end of lease move from Smeaton Grange,
Thomas Noble Russell of Byron Bay our auditors. An abridged ZULWH GRZQ RI ¿[WXUHV DQG ¿WWLQJV QR ORQJHU UHTXLUHG IROORZLQJ
copy of the audited accounts and auditors report are published our move and extra rental costs whilst we leased two premises
elsewhere in this edition of Riding On. The full accounts and to facilitate our move.
audit report have been posted on the Clubs website and can
be downloaded by members; these accounts and reports will The major change we introduced this year was in publishing
be considered at the Annual General Meeting to be held in the Riding On. It is now almost fully electronic in distribution.
Warwick, Qld. on Saturday 9th April 2022. Members who still want a printed copy can purchase a
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There are some major factors which mitigated against us in our
HRUWV WR WUDGH LQ VXUSOXV 2Q WKH UHYHQXH VLGH ZH KDG have subscribed. The saving on printing and postage amounts
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1. As expected membership continued to decline. At 31st with other changes made during 2021, I have generated a
December 2020 member numbers stood at 12,166 whilst at conservative budget for 2022 which indicates a surplus on
31st December 2021 this number was down to 11,357. This WUDGLQJ EHWZHHQ N 7KH ¿QDO RXWFRPH ZLOO EH YHU\ PXFK
GHFOLQH KDV HHFWHG WKH VXEVFULSWLRQ LQFRPH RI WKH &OXE E\ dependent upon the outcome of the Rally in Warwick and any
7KLV UHGXFWLRQ LV LQ VSLWH RI DQ LQFUHDVH LQ VXEVFULSWLRQ new COVID restrictions which governments may choose to
UDWHV ZKLFK EHFDPH HHFWLYH DW HQG $SULO 'XH WR RXU introduce.
year membership cycle this change will take about two years to
KDYH D VWURQJ LQÀXHQFH RQ VXEVFULSWLRQ LQFRPH This is my last annual report. John Tout #42398 will assume
the role of National Treasurer after this years AGM. I wish him
2. The cancellation of the Mandurah Rally in 2021 lead to a loss every success in the role.
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various activities associated with planning and staging the Rally.
John Osborne
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to market our Club to potential commercial sponsors. The #41785
decline in numbers and the aging of our membership has National Treasurer
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RIDING ON 8
