Treasurer’s Report 2021

 

U3A WARWICK INC

TREASURER’S REPORT

Year ending 30th September 2021

Globe Accounting carried out the audit for the year ending 30th September 2021.

Income for U3A Warwick                              $10,186.99

Income for Goondiwindi Branch                 $   1,740.62

Total Income for the year was           $11,927.61

Expenses for U3A Warwick                           $13,035.07

Expenses for Goondiwindi Branch             $      971.56

Total Expenses for the year were      $14,006.63

 

Therefore there was a loss from       $   2,079.02

ordinary activities of

 

Current Assets:

Total Assets for U3A Warwick                        $20,810.76

Total Assets for Goondiwindi Branch $   1,708.49

Total Assets:                                       $22,519.25

 

Current Liabilities:

Liabilities for U3A Warwick                 $        0.00

Liabilities for Goondiwindi Branch     $        0.00

 

Total Current Liabilities:                     $        0.00

 

Closing Member’s Funds                    $22,519.25

 

 

U3A Warwick Inc. has adequate cash reserves to meet its obligations and will be able to pay debts as and when they fall due.

 

Questions?

 

I move that the Treasurer’s Report be adopted.

 

 

 

 

 

 

 

Janet Schultz (Treasurer)  ………………………………………………………………………………………………..