Dear Members
The 2022 Financial Year (FY) Report has now been audited is now available for download from the club website.
In the 2022 FY an operating loss of $46,223 was recorded, with depreciation contributing a further $57,282. The loss recorded was due to a number of reasons which saw some income streams decline and the costs of running the club increase, which is consistent with the current economic climate.
The balance sheet for the club remains positive and the 2023 Committee is focused on turning the 2022 performance around through the following initiatives:
· A focus on increased sponsorship revenue
· Providing an improved game day experience and associated revenue
· Identification of savings and reduction of expenditure
· Delivery of more events and fundraising activities
· Membership drive and increased merchandise sales
· Establishment of dedicated volunteer sub-committees to drive change and new initiatives
In 2023 the club celebrates 75 years of its proud history. A focus in 2023 is also on the vision for club for the next 75 years. The Committee will soon commence an update of its Strategic Plan and members are invited to participate in surveys and consultation to help guide the development of this plan.
As per the Club's Operating Rules, a Special General Meeting is required to be held to accept the audited financial statements. The meeting date is yet to be determined but will include the following agenda items:
· Acceptance of the 2022 audited financial statements
· Appointment of the 2023 FY Auditor
· Acceptance of proposed amendments to the Club's operating rules
If you have any feedback on the club's operating rules prior to the commencement of review and amendment, please email the club secretary on secretary@southsrugby.com.
Kind Regards
Souths Rugby Union Club Executive Committee
