Kia ora PiNZ Members,
First I would like to thank you all for your patience and understanding as the council works through these difficult times to manage some significant system overhauls and financial impacts that recent events have had on our volunteer-run charitable organisation. As you can see from the P&L and Balance Sheet PiNZ is running at a loss for the financial year ending 31 March 2020. Thank you all for your membership and donations, which are helping to keep things afloat.
The financial reports are below. There is a need to provide better formatting for web display and clean up some aspects of the data, which is a carryover using excel to a software-based system. There is also a need to get online payment functions to grab important transaction information and send it to the bank for ease in reconciliation, loads of hula hoops to jump through to make this happen, a focus for this year.
As with previous years' financial reporting, there is a combination of income and expenses from Hui spanning two years as some Hui fall on the cusp of the ending fiscal year. One update going forward is to bring in separate income codes for even and odd year Hui to assist in the financial overview.
If you have any specific questions, please feel free to email me at pinztreasurer@gmail.com and I will do my best to clarify.
Clare Wimmer
Treasurer, PiNZ
PiNZ
|
Cashflow for period Apr:2019/20 to Mar:2019/20
|
All Banks
|
|
Opening Balance as at 1/04/2019 (All Banks) |
|
|
35,038.43
|
CASH IN |
1010 | Donation (Tithe) |
|
161.00
|
1033 | Hui Registration Odd Year |
|
4,446.50
|
1035 | Hui Tour |
|
402.80
|
1036 | Hui Registration Even Year |
|
19,555.00
|
1040 | Interest |
|
60.09
|
1050 | Membership |
|
6,215.00
|
Total Cash In |
|
30,840.39
|
CASH OUT |
3000 | Accommodation/Travel F2F Exp |
|
7,157.21
|
3020 | Bank Fees |
|
395.66
|
3030 | EFTPOS Transaction Fee |
|
465.09
|
3040 | General Expenses |
|
855.10
|
3050 | Hui Accommodation/Venue Exp |
|
4,446.76
|
3051 | Hui Food Expense |
|
10,800.00
|
3053 | Hui Koha Exp |
|
440.00
|
3055 | Hui Refund |
|
21,709.20
|
3057 | Hui Tour Expense |
|
2,207.64
|
3058 | Hui Seed |
|
191.30
|
3060 | Marketing |
|
1,141.42
|
3070 | Merchant Credit Card Fee |
|
706.23
|
4000 | Website/Social Media |
|
2,109.82
|
Total Cash Out |
|
52,625.43
|
Net Cash Flow (All Banks) |
|
(21,785.04)
|
Calculated Closing Balance as at 31/03/2020 |
|
13,253.39
|
Ledger Closing Balance (All Banks) |
|
13,253.39
|
PiNZ
|
|
|
|
Balance Sheet
|
|
|
|
As at 31 March 2020
|
|
|
|
|
|
CAPITAL |
This Year
|
|
Last Year End
|
|
|
|
|
|
|
|
|
|
||
8888 | TRANSFER between ACCOUNTS |
1,000.00
|
|
1,000.00
|
PL | Profit and Loss |
15,732.42
|
|
(14,927.71)
|
16,732.42
|
|
(13,927.71)
|
Plus Current Year Operating Surplus/(Deficit) |
(21,785.04)
|
|
30,660.13
|
TOTAL CAPITAL FUNDS |
(5,052.62)
|
|
16,732.42
|
|
|
|
|
|
REPRESENTED BY |
|
|
|
|
CURRENT ASSETS |
00_BANK | 00 Current Account |
163.59
|
|
1,097.56
|
01_SAVE | 01 Savings Account |
2,832.40
|
|
6,201.66
|
02_EFTP | 02 EFTPOS Account |
10,257.40
|
|
27,739.21
|
13,253.39
|
|
35,038.43
|
||
|
|
|
LESS CURRENT LIABILITIES |
SETUP | Setup |
18,306.01
|
|
18,306.01
|
18,306.01
|
|
18,306.01
|
||
|
|
|
||
NET WORKING CAPITAL |
(5,052.62)
|
|
16,732.42
|
|
|
|
|
||
|
|
|
FIXED ASSETS |
0.00
|
|
0.00
|
||
|
|
|
||
|
|
|
||
NET ASSETS |
(5,052.62)
|
|
16,732.42
|
PiNZ
|
Profit & Loss Report for Year to Mar:2019/20
|
|
Actual
|
% Sales
|
Sales |
Total Sales |
0.00
|
-
|
Less: Cost of Sales |
Total Cost of Sales |
0.00
|
-
|
Gross Margin |
0.00
|
-
|
Other Income |
1010 | Donation (Tithe) |
161.00
|
-
|
1033 | Hui Registration Odd Year |
4,446.50
|
-
|
1035 | Hui Tour |
402.80
|
-
|
1036 | Hui Registration Even Year |
19,555.00
|
-
|
1040 | Interest |
60.09
|
-
|
1050 | Membership |
6,215.00
|
-
|
Total Other Income |
30,840.39
|
-
|
Net Income |
30,840.39
|
-
|
Less: Other Expenses |
3000 | Accommodation/Travel F2F Exp |
7,157.21
|
-
|
3020 | Bank Fees |
395.66
|
-
|
3030 | EFTPOS Transaction Fee |
465.09
|
-
|
3040 | General Expenses |
855.10
|
-
|
3050 | Hui Accommodation/Venue Exp |
4,446.76
|
-
|
3051 | Hui Food Expense |
10,800.00
|
-
|
3053 | Hui Koha Exp |
440.00
|
-
|
3055 | Hui Refund |
21,709.20
|
-
|
3057 | Hui Tour Expense |
2,207.64
|
-
|
3058 | Hui Seed |
191.30
|
-
|
3060 | Marketing |
1,141.42
|
-
|
3070 | Merchant Credit Card Fee |
706.23
|
-
|
4000 | Website/Social Media |
2,109.82
|
-
|
Total Expenses |
52,625.43
|
-
|
Profit (Loss) |
(21,785.04)
|
-
|