Treasurer’s report to the Annual General Meeting of
Croham Valley Residents’ Association
20th October 2021
Year ending 31st July 2021
In the year ending 31st July 2021 the association brought in income of £1,002. This consisted of £484 in subscriptions, £98 of donations and £420 of advertising income. Expenditure totalled £1,277.
Added to the balance brought forward from 2019-20, of £4,576, this resulted in a cash balance of £4,300 as at 31st July 2021.
Please see the distributed accounts for the year with prior year comparisons. These are available on the website; www.cvra.org.uk,.and will be published in the next Newsletter. If you would like a copy sent to you please request one by emailing cvra@gmx.com .
2020-2021
Subscriptions for 2020/21 are lower than usual but more than double those collected for 2019/20 which were severely hampered by the Corona Virus epidemic, COVID19, as we felt unable to ask our distributors to call door to door to collect annual subscriptions. All members were asked in 20-21 to make electronic payments or drop their subscriptions into 48 Croham Valley or 27 Castlemaine. Without our band of dedicated collectors we have not been able to collect the annual subscriptions but I profer my sincere thanks to the increasing number of residents who have paid by bank transfer or dropped the funds through my door this year.
The Newsletters are available on line from our website and by personal request. The latest version Summer 2021 has been delivered to all residents by some young local volunteers.
Advertising income for 2020/21 is also lower than usual for the same reasons but again has picked up markedly since last year. With the restrictions lifted all advertisers will be invited to renew their adverts in the coming year and we are optimistic that they will do so as their adverts are displayed in the Newsletters and on our website. We are grateful to all the local businesses that support the newsletter. Anyone wishing to advertise in the newsletter should send a high res pdf to cvra@gmx.com and contact me for details.
Expenditure is significantly lower for the fourth year running due to the lack of face to face activities and we have ensured that all costs have been kept to a minimum.
As you can see, we have a healthy bank balance, are able to function happily at the current level and have some funds available to invest in the proposed website development.
Thanks
The Executive Committee have asked me to express their sincere thanks to our team of dedicated volunteers including Jaffer Kapasi OBE for once again auditing our accounts. I trust it was not too arduous and that Jaffer will continue in the role for some time to come.
Wendy A Love FCCA
Hon. Treasurer
Treasurer.cvra@gmx.com