Treasurer’s Report and Financial Statements

From the Treasurers

The 2020-21 financial year achieved an operating income for the club of $139,145, an increase of 6% on the previous year. Total operating expenses were $167,587, more than double the previous year.

The net operating surplus was a deficit of $28,442, significantly less than the previous year . This is mainly due to adopting straight line depreciation .

Cash and Short Term Deposits: $ 665,518

The club operates accounts at Bendigo and Westpac banks . A surplus for the year of $847,850 was a significant decrease on the previous year due to the end of the building project grant drawdowns . Sources of Income:

The key areas of funding the Club relies upon to finance its core lifesaving activities are Donations, Grants and Sponsorships, Development Camps and Programs, Functions and Fundraising, Membership Subscriptions and the Clubhouse function area . All of these areas were impacted by the COVID 19 restrictions .

1. Donations, Grants & Sponsorship: $48,746, a 34% decrease. Significant operational grants were received from:

Beach Safety Equipment Fund: $5,500 (Surf Rescue Equipment) . DHL Grant: $1,100 (Patrol Uniforms) . LSV COVID-19 Support Grant: $2,250 (Hand Sanitizer, Dispenser, COVID Cleaning) . Victorian Sport & Recreation: $1,100 (Sporting Uniform) . ESRF Equipment Maintenance Fund: $9,600 (Tools, Workbench, IRB/ATV servicing, spares) . Bass Coast 2020 Community Grant: $3,142 (Nipper Boards) . VESEP 2020-21: $22,445 (Thundercat IRB, Tohatsu motor and fuel cell) . LSV Administration Grant: $8,250 (Club Administration Support) .

NB: The annual Aquathon event was not able to be held .

Donations to support the lifesaving activities of the Club were received from many sources including IGA Ritchie’s, Wonthaggi Workman’s Club, Good2Give online platform and the public .

2. Development Camps and Programs: $14,045 a 45% decrease.

The Club continues to host Bronze Medallion training camps for students from secondary colleges where

possible . A Kooweerup SC camp was held but, unfortunately, the traditional Wonthaggi SC did not occur .

There was, however, training for Club members for the Bronze and Surf Rescue Certificate, First Aid Courses, a Spinal Course, and a joint IRB training event with a number of Clubs .

3. Functions and Fundraising: $23,921, more than double the previous year.

Activities conducted by the Club membership generate significant annual income . It is important that these initiatives are encouraged and supported by the Club membership . The activities were impacted by restricted use of the clubhouse and Tavern access due to COVID 19 restrictions . Fortunately, members’ enthusiasm was not diminished, and major contributions were: kiosk sales $10,499, Trivia Night $3,681, Cape Tavern Raffle $1,609, with others including BBQs, ‘Nip’n’Sip’, and the Bronzelow Evening .

4. Function Area A, a two-month hire of the Clubhouse function area by Ambulance Victoria for training, contributed $10,300.

5. Membership Subscriptions: $17,900 a 37% decrease on previous due to the 50% fees reduction.

Club membership of 642 continued to increase . Membership for the previous year was 619 .

Club Operating Expenses: $167,587

Club expenses increased on the previous financial year . The club equipment depreciation allowance of $63,724 relates to the Club’s rescue equipment: IRBs, outboard motors, ATV, rescue boards, and other equipment required to support core lifesaving activities . Fundraising and function costs increased due to setup expenses .

Clubhouse Building project concluded

The building project was completed during the year after the construction contractor’s excellent efforts . During the two-year rebuilding program the club did not need to seek finance .

Audit Reports

Cardell Assurance and Audit have again audited the Club’s accounts The Financial Audit Report is enclosed and the Annual Report is available at www . capepatersonslsc .org/annual-reports .html

– Peter Graham & Keith Bartel