Last season we delivered a very disappointing net loss of $60.5k. We had just gone through a staffing restructure to extract some costs out of the business, our board believed that things needed to change. We were restricted by the Covid Traffic Light System, and we were hoping that we would all be able to go away over the Christmas period. The 2022 Club season was delayed once again due to COVID restrictions.
THEMES
- Income increased 9% to $743.6k
- Expenditure declined 11% to $664k
- Delivering a net profit of $79.5k
POSITIVES
- Sponsorship increased 33% to $76k
- The Bar & Facility Hire recovered well over the latter part of the season
- Increased engagement with our members – Test Luncheon; Golf Day
- Extracted approx. $54k out of Employee & Volunteer Costs
- Lower Property & Maintenance spend
NEGATIVES
- Reduced income received from North & South Trust Funding – down 60% to $18.5k
- Reduction in subscriptions down 39% to $28k
Thank you to all our Sponsors who supported us through this difficult period. The MRCT who continue to support us. The team coaches and managers who did an outstanding job in getting team sponsors on board. Tim Hyde-Smith & Matt Wall in maximising Government Support opportunities. The Finance Committee who stayed focused, manoeuvring through a stop, start season, reforecasting etc
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