Treasurer’s Report

For the Year Ending 31 December 2024

For presentation at AGM 20 March 2024

It has been a pleasure to serve as Tresure of the club for the past year. 

Please find attached Financial Statements for the Year Ending 31 December 2024, comprising the Profit and Loss Statement & Balance Sheet for the Wine and Food Society. 

Of note from the financials:

Dinner Fees for the year were $34,409 (up from $30,930 LY)

Cellar Fees were $13,200 (up from $13,650 LY)

Dinner expenses were $29,435 (up from $27,235 LY)

Wine Purchases Were $14,316 for the year (up from ($8,465 LY)

Moving forward it is becoming increasingly difficult to cover the dinner expenses with $150 per head. It is recommended to increase dinner fees to $160. 

Wine prices have also continued to increase

Cellar fees for the year resulted in a deficit. The cellar has some gaps in it and the Wine master has requested more funds to replenish and restock the cellar. As such I recommend cellar fees be increase by the modest amount of $100 to $700 to allow for some restocking of wines. 

I look forward to the coming year and continuing to experience the incredible food and wine we have had the privilege of consuming over the past year. 

Yours Sincerely

Glenn Sharp

Treasurer

https://www.mediafire.com/file/hd32u231gfgii0b/WFS_Profit_and_Loss_2024.pdf/file