TASMANIAN PHILATELIC SOCIETY

TREASURER’S REPORT FOR 2008-09

The Society experienced a small operating loss for the year. Total Income was less than in previous years with falls in membership subscriptions and interest from term deposits. Also, there was no Library Auction conducted. These falls were slightly offset by an increase in sales of “Courier” back issues.

It should also be noted that there was no income from “Courier” subscription renewals, previously received every second year, due to the committee’s decision to treat “Courier” subscribers as Society members from the 2009-10 financial year. Accordingly, the income from this source will now be reflected annually, commencing from 2009-10.

In relation to expenditure, there were small increases in the annual commitments for Insurance, Income Tax, Accounting and Post Office Box Rental which were offset by reduced hall rental due to the change to monthly meetings. Unfortunately hall rental will increase for future years due to an increase to $50 per night, the first increase for many years.

Expenses for visiting speakers were higher this year however there are good prospects for reimbursement from the national body of part of these expenses.

There is further good news in that there will soon be freedom from the annual burden of the annual insurance premium as the Society will in future be covered under an “umbrella” policy taken out by the Australian Philatelic Federation.

Finally, there was a reduction in discretionary expenditure for items such as library purchases and philatelic publication subscriptions, and there was no expenditure on capital items.

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B. E .Edwards

Honorary Treasurer