Meeting:2024 AGM/Treasurer's Report

Financial statements

The attached financial statements were presented to the board on 26th August 2024 and will be submitted to the Australian Charities and Not-for-profits Commission as part of our annual information statement.

• 2023-24 Profit & Loss
• Balance Sheet as at 30 June 2024
• Certification by Board

Assets

The association held assets of $144,860.33 at 30 June 2024, on a cash basis. There was:

• $33,666.53 in the cash reserve account
• $2,324.61 in the PayPal account
• $5,978.02 in the cheque account
• $100,000.00 in the term deposit
• $2,891.17 in the debit card account

Income

WMAU received a total of $38,135.86 revenue in the 2023-24 financial year, made up of operational income and grant income. Operational income included:

• Membership fees: $624.53
• Donations: $12,524.90
• Facilitation of events: $1,363.64 (raised when an external organisation pays for our staff or volunteers to present programs that fall outside our core programs).
• Interest: $207.53.

Grants

Note that the grant Wikimedia Foundation General Support Fund was paid in advance in 2022-23 so does not appear under this year’s accounts. Also the subsequent grant for 2024-25 was paid on 3 July 2024 so does not appear in these accounts. We however did receive the first disbursement (90%) of a grant from the APNIC Foundation for the Ian Peter Archive for $23,415.26.

Expenditure

Most of Wikimedia Australia’s work and expenditure in 2023-24 centred on events and partnerships including 5 new partner projects and 3 Wikimedian residences.

Operations

Over 2023-24 our operations have grown to help support our expanding work plan. We now have 3 staff that have allowed greater impact and reach for our organisation. We acknowledge also that we have been served well by KeyAdmin for accounting support and management of payroll and associated taxation processes. In addition to expenses against the grants there are ongoing operational costs in keeping the association well-managed, including bank fees, software and subscriptions, insurance, and communications. This year we have set up a term deposit and a cash reserve account to make the most of interest income on our cash in the bank. The full result of this will be apparent next year.

Concluding remarks

I’d like to thank the wonderful Wikimedia Australia staff, especially Belinda who has helped on the financials throughout the year. And also a thank you to the board and the outgoing president Amanda for her hard work and advocacy. Also a big shout out to Pru for always being available to help.