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Wyena Horse & Pony Club
Wyena Horse & Pony Club

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Wyena Horse & Pony Club,
64-76 Croydon Road,
Warrandyte South, Victoria
 

Back:  MembersCorporate GovernanceFinancial Statements

2014 Wyena Financial Statements

PROFIT AND LOSS STATEMENT
2015 Wyena Annual General Meeting
FOR THE PERIOD:  1 JANUARY, 2014 THROUGH 31 DECEMBER, 2014
 
Club Operations
 
 
 
 
 
Income
 
 
 
 
 
 
Pony Club - Membership 
$10,017.50
 
 
 
 
 
Canteen 
$5,142.97
 
 
 
 
 
Certificates 
$80.00
 
 
 
 
 
Entries 
$10,752.00
 
 
 
 
 
Fundraising 
$253.80
 
 
 
 
 
Miscellaneous 
$17.22
 
 
 
 
 
Raffles 
$1,143.00
 
 
 
 
 
Sponsorship 
$1,600.00
 
 
 
 
 
State Qualifiers Entries Received 
$220.00
 
 
 
 
 
Uniform 
$775.00
 
 
 
 
 
Use of Grounds Fee 
$1,531.00
 
 
 
 
 
Zone Team Entry Fees 
$195.00
 
 
 
 
 
Interest Income 
$3,285.52
 
 
 
 
 
Total Income
 
 
$35,013.01
 
 
 
 
Expenses
 
 
 
 
 
 
Books 
$88.00
 
 
 
 
 
Canteen 
$2,572.50
 
 
 
 
 
Catering - Camps, Clinics, Zone 
$1,487.00
 
 
 
 
 
Certificates 
$419.00
 
 
 
 
 
Clubhouse Supplies 
$90.00
 
 
 
 
 
Cross Country 
$1,444.30
 
 
 
 
 
Electricity 
$1,024.34
 
 
 
 
 
Equipment 
$1,480.00
 
 
 
 
 
Hire Equipment 
$2,155.90
 
 
 
 
 
Insurance 
$766.94
 
 
 
 
 
Instructors 
$4,880.00
 
 
 
 
 
Judges 
$2,215.00
 
 
 
 
 
Melbourne Water Lease 
$382.02
 
 
 
 
 
NM Zone fees 
$333.00
 
 
 
 
 
Office of Fair Trading 
$324.50
 
 
 
 
 
PCAV Fees 
$695.00
 
 
 
 
 
PCAV Insurance 
$3,090.00
 
 
 
 
 
PO Box rental 
$107.00
 
 
 
 
 
Refund 
$942.00
 
 
 
 
 
Rent 
$257.37
 
 
 
 
 
Repairs & Maintenance 
$4,847.51
 
 
 
 
 
Ribbons/Rosettes 
$889.47
 
 
 
 
 
Sundries 
$79.55
 
 
 
 
 
Trophies 
$708.00
 
 
 
 
 
Uniform 
$756.70
 
 
 
 
 
Water 
$116.25
 
 
 
 
 
Zone Team Events 
$890.00
 
 
 
 
 
Bank Charges 
$21.50
 
 
 
 
 
Total Expenses
 
 
$33,062.85
 
 
 
Gross Operating Profit / (Loss)
 
 
 
$1,950.16
 
 
Extraordinary Items
 
 
 
 
 
Extraordinary Income
 
 
 
 
 
 
Donations Received
$4,650.00
 
 
 
 
Total Extraordinary Income
 
 
$4,650.00
 
 
 
Net Profit
 
 
$6,600.16
 
 
 
 
 
 
 
 
BALANCE SHEET
AS AT: 31 DECEMBER, 2014
Assets
 
 
 
 
 
 
Current Assets
 
 
 
 
 
Cash On Hand
 
 
 
 
 
 
W/pac - 45-9843 Reserve
$5,687.85
 
 
 
 
 
W/pac - 45-9851 Jnr C 
$2,828.14
 
 
 
 
 
W/pac - 13-4485 Everyday 
$5,028.52
 
 
 
 
 
W/pac - 17-0654 Jnr C 
$2.70
 
 
 
 
 
Term Deposit - Bendigo 
$50,000.00
 
 
 
 
 
Trust Term Deposit - Bendigo 
$0.00
 
 
 
 
Total Cash On Hand 
$63,547.21
 
 
 
Total Current Assets 
 
$63,547.21
 
 
 
 
 
 
 
 
 
Non-Current Assets
 
 
 
 
 
Buildings
 
 
 
 
 
 
Leasehold Improvements - Croydon Road
$20,450.00
 
 
 
Total Non-Current Assets 
 
$20,450.00
 
 
 
 
 
 
 
 
Total Assets 
 
 
$83,997.21
 
Liabilities
 
 
 
 
 
Current Liabilities
 
 
 
 
 
Key Bond 
$930.00
 
 
 
 
Adult Riders Key Bond 
$330.00
 
 
 
Total Current Liabilities 
 
$1,260.00
 
Total Liabilities 
 
 
$1,260.00
 
 
 
 
 
 
 
Net Assets 
 
 
$82,737.21
 
 
 
 
 
 
 
Equity
 
 
 
 
 
 
Retained Earnings 
 
$20,353.88
 
 
Current Year Earnings 
 
$6,600.16
 
 
Historical Balancing 
 
$55,783.17
 
Total Equity 
 
 
$82,737.21
 
Notes to and forming part of the financial statements:
     
1.
The Lease for the lots collectively known as the "Croydon Road Grounds" was renewed on 27 November, 2014 for a Renewal Term of four years.  Leasehold Improvements undertaken to the clubhouse on the Croydon Road Grounds have been included into Balance Sheet as at 31 December, 2014.  The works are ongoing, albeit largely complete as at the balance date, and thus no Amortisation has been attributed to the Asset for the current period.   Future years will see the total value of the asset shown at cost and amortised on a straight-line basis across the Lease Renewal Term.
2.
At a Special General Meeting of Members held at the Clubs Croydon Road grounds on Sunday 28 September, 2014, it was resolved that the funds identified as Duty Bond Deposits in its books of account from any members past and present be donated to the Club and used to renovate and upgrade of the Club’s Cross Country Course located at 86-96 Husseys Lane, Warrandyte.  Accordingly, the Liability shown as Duty Days Bond in the Club's Balance Sheet  as at 31 December, 2013 has been taken up and shown in these accounts as Donations Received under Extraordinary Income.
3.
Under the Associations Incorporation Reform Act 2012, the Club is classified as being a tier one association, based upon its' total revenue for the reporting period being less than $250,000.  As such, Audit of the Financial Statements is not required and these Financial Statements are presented to Members as an unaudited record of the Club's performance for the period.
4.
As at the Balance Date, the Club does not have, directly nor indirectly, any mortgage, charge or security applying to any of its' assets or property.
5.
As at the Balance Date, the Club does not have any assets or funds held by others in trust, or on behalf of the Club.

 

 

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