2022 Treasurer’s Report
TL;DR: The cancellation of games due to the pandemic has significantly affected our finances and puts our financial future at risk. Either we need to significantly increase revenue or we will need to move the gear to reduce expenses.
The balance of the Wellington regional account on 1 September 2021 was $5,661.04. The balance on 1 September 2022 was $3,384.17, giving a loss of $2276.87.
Our major expense for the year was the gear shed. This was costing us $160 / month in 2021, increasing to $194 / month from December 2021. It has since increased to $220 / month (see below). We also spent $622 on props for Consequence, but these will be reused if the game is rescheduled, or used for other events.
At the end of the financial year we had a significant amount of liabilities in the form of refunds owed for cancelled games. This amounted to $670 for Consequence 3, $195 for Angels in the Fog, and $580 for Blood in the Furrows. Since becoming Treasurer in July and finally regaining access to the bank account in September I have worked to repay these. All payments for Blood in the Furrows made to the Wellington account have now been refunded, as has most of the money owed for Angels in the Fog. Consequence refunds are waiting on receiving bank account information.
As of today (28 October) the account balance is $2,423.88, and we still owe $730, giving an effective balance of $1693.88. At the current rate, and assuming no more unforseen expenses, we can continue to pay for gear storage for a further 7 months. This situation can be turned around if we can increase revenue, but if that is not done we will need to consider moving the gear long before that. Exactly when will depend on how much notice we are required to give, but we will have burned through over half our money by the end of February, so we should probably have made a decision and have a plan by then.
Edited to update current balance