Treasurer's Report For the Financial Year 2023–2024

CLUG income for the financial year consists of funds raised from The Canberra Brick Show 2023 event, memberships, member raffles, donations, bank interest and affiliate income (Lego.com.au).

As at the end of the financial year we had a total of 245 (down from 248) Members - 159 Adult (down from 167) and 86 Junior members (up from 81) , a decrease of 3 members on last financial year.

CLUG currently owns CLUG assets and LEGO sets to an approximately value of $19,423.91, with $7,594.92 attributable to the 2023-24 Financial Year and takes into account $4,760.96 in assets gifted to our members over the last 12 months.

This includes Event Support received from the LEGO Group, bricks on loan to members, sets and pieces on-hand along with equipment used for CLUG events and the Canberra Brick Show. Some assets were donated and others purchased by CLUG.

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.

At 30 June 2024 we have liabilities totalling $339.55 ($105.18 for CLUG and $234.37 for Canberra Brick Show) for expense reimbursements for committee members. These liabilities will be paid early in the new financial year (FY25). We have a forecasted expenditure of approximately $32,000 for the Canberra Brick Show 2024 venue and associated costs.

As at 30 June 2024 we have an outstanding LUGBulk participant invoice totalling $316.87. This amount will be paid to CLUG at the beginning of the new financial year (FY25).

Any profits made from raffle ticket sales are given back to the members either via the purchase of raffle prizes or the annual Christmas party

CLUG membership has remained steady in the past financial year (2023 - 2024), which we believe has been assisted by the promotion of CLUG, the introduction of the annual Canberra Brick Show and a continued family focus including a strong focus on encouraging children to participate in monthly meeting and CLUG events.

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.

AFOLs will also be looked after during the next financial year with a number of events being planned, including the Canberra Brick Show 2024, and another LUGBulk and Project Support Collaboration Build opportunity on offer.

This report, together with the financial statements, outlines the Canberra LEGO User Group financial activities for the period 1 July 2023 to 30 June 2024. I commend the report to you as members and recommend its adoption.

Kirsten Aitchison
Treasurer

Download full financial statements (PDF)