We galloped through the AGM quickly this year. On the financial front, we posted a healthy surplus of $66k in the last financial year, which built on smaller surpluses over the previous two years. These results indicate a steady tightening of our business and financial controls over the last 2-3 years. In summary, our books remain quite strong although, we cannot be complacent given the avalanche of legislative changes on the horizon which I touch on later in my report. It was pleasing to report at the AGM, a historically declining membership has now stabilised and even grown slightly over the last nine-month period. A key success factor around this was the decision to lower our upfront membership subscription costs so that these didn’t act as a barrier to membership. We have, and continue to be, very active on the membership front with a range of significant ongoing work.
In terms of elections to the Board, no nominations were received. Due to this, we have Malcolm Papworth (Chair), Jason Kilworth (Deputy Chair), Sheryl Glasse, John Wood, Robbie Schneider and John Robinson confirmed as directors steering the ship going forward.
A key success factor around this was the decision to lower our upfront membership subscription costs so that these didn’t act as a barrier to membership