Treasurer’s report

TREASURER’S REPORT - MAURICE WOODHOUSE

Maurice Woodhouse, Trustee, Treasurer The year ended 30 June 2022, resulted in a surplus of $24,472 after allowing for depreciation of $180,566. The cash surplus for the year being a healthy $203,080. This was largely due to an increase in donations and bequests of $308,103. The Trust also experienced an increase in membership revenue as a result of its increasing base. On the expenditure side salaries increased by $199,198 to $611,505, much of this being additional staff positions that were funded by grant income. Maintenance and professional fees also increased as a result of remediation work and upgrades undertaken. In an effort to future-proof the Trust, it has begun to invest with the newly formed BWS Foundation, the aim being to build a fund which will generate future income to support the Trust’s ongoing activities. It is extremely satisfying to report that having made an initial investment in the Foundation of in-excess of $220,000 and that the Foundation’s working capital is still $32,130, compared to $193,665 the previous year.

In conclusion, the Trust through the ongoing dedication of its staff and Chief Executive, volunteers and trustees has continued to prosper and develop over the past year. It is indeed exciting to see the physical improvements and the steady reintroduction of species by the Trust. Once again, a special thankyou to all those who freely give so much of their time to this amazing project.

Maurice Woodhouse

Treasurer