Page 8 - Riding On Autumn 2022
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e  |  treasurer@ulysses.org.au                      National Treasurer’s 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
                               WKH 7UHDVXUHU UHSRUWV WKH ¿QDQFLDO   ZH ZHUH         GRZQ RQ UHYHQXH IURP WKLV VRXUFH  7KLV
                               outcome of the previous year’s   RXWFRPH LV GHVSLWH WKH FRQWLQXHG VWURQJ H໤RUWV 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 R໤HULQJ 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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                               KDYH WR UHSRUW WKDW IRU ¿QDQFLDO   7KHVH LWHPV IRUP WKH EXON RI WKH         GHFOLQH LQ UHYHQXH ZH
                               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 Club’s 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
        H໤RUWV 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 H໤HFWHG 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 H໤HFWLYH 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 year’s AGM. I wish him
        2. The cancellation of the Mandurah Rally in 2021 lead to a loss   every success in the role.
        RI         ZKLFK UHSUHVHQWHG H[SHQVHV XQDYRLGDEO\ DFFUXHG LQ
        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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        VSRQVRUV  +HQFH WKH GHFOLQH LQ VSRQVRUVKLS E\



























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