The financial statements for the 2021–2022 financial year are provided for your information.
Summary
CLUG income for the financial year consists of funds raised from memberships, member raffles, donations and affiliate income (Lego.com.au).
During the financial year there were a total of 177 (up from 155) Members — 123 (up from 93) Adult and 54 (down from 55) Junior members, an increase of 22 members on last financial year.
CLUG currently owns approximately $15,334 of LEGO assets with $6,056 attributable to this Financial Year. This includes Event Support received from the LEGO Group, bricks on loan to members and sets and pieces on-hand. LEGO Australia and Head Office supply sets as LUG Support so there is minimal outlay by CLUG for set purchases. Other LEGO previously received by CLUG including random parts bags and Tubs of Bricks are no longer provided by the LEGO Group. The remaining random parts bags will continue to be used for prizes until they are exhausted. Existing Tubs of Bricks will be used for play during meetings. All sets and mixed parts are used for CLUG raffles, giveaways and the Christmas Party.
There are no current liabilities for the financial year, however there is a forecasted expenditure of $300 for the purchase of LUGBulk items for CLUG.
CLUG made a small profit from raffle sales. This money is given back to the members either via the purchase of raffle prizes or the annual Christmas party.
Outlook
CLUG membership has increased in the past financial year (2021–2022), which we believe has been assisted by the promotion of CLUG and the decreasing impacts of the COVID-19 pandemic. It is hoped members will continue to support the group by remaining paid members during the next financial year.
The added focus of including children in each meeting is still popular with families, with a large number of children attending meetings each month. While this hasn’t yet meant a large increase in paid Junior memberships in the 2021–2022 financial year, it has kept our Junior member numbers fairly consistent on last year.
AFOLs will also be looked after with a number of events being planned and another LUGBulk and Project Support Collaboration Build opportunity on offer. Looking forward to a strengthening year in the community.
This report, together with the financial statements, outlines the Canberra LEGO User Group financial activities for the period 1 July 2021 to 30 June 2022. I commend the report to you as members and recommend its adoption.
Kirsten Aitchison
Treasurer