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TREASURER
It is very pleasing to be able to report that this year the Branch has made a healthy surplus of $50,464 prior to making a change in our depreciation policy. This Surplus is primarily due to finally being able to hold the Swap Meet which produced a surplus of $45,791.
In regards to other income, our next biggest revenue sources were record Parts Shed sales of $45,648 and members’ subscriptions of $40,121. Commission earned from VERO insurance of $10,349 continues to provide a steady and reliable income stream.
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On the expenditure side, our biggest cost was insurance at $38,572. This is up on last year as we took out “Excess Reduction” insurance.
The Clubrooms and all on-site buildings were valued by a Property Valuer in July 2021 and a full revaluation will again be undertaken this year.
A review of our depreciation policy was carried out and three items that were not being depreciated were identified as needing to be depreciated.
1. The Swap Meet Container is now being depreciated over the next 13 years at a rate of 7.7% pa resulting in additional depreciation each year of $670.
2. The two lots of “New Trees” purchased in 2016 and 2018 have been fully depreciated/ written off this year resulting a one-time increase in depreciation of $21,039.
While the depreciation changes above reduce the surplus funds for the year from $50,464 to $28,754, they are a non-cash transaction and don’t affect the funds that the Branch has available.
The Statement of Financial Position, as at 31 March 2023, shows the Branch to be in a sound financial position with members funds of $547,584.
Robyn Cox Branch Treasurer
Club Captain
A year in the job and what have I learnt? Not to sweat the small stuff, work ahead of schedule - to make sure things are done in a timely manner and that I have a fantastic team of support around me!
Highlights for me this year were the Daffodil Day run ending up at Cutler Park. The amazing amount of cars and generosity of the people that entered was very humbling.
Having a fantastic turn out for our Swap Meet, which was extremely well run, the Children’s Christmas Picnic with delight on the children's faces when Father Christmas showed up and of course a drive of the Club Truck!
It is nice to see that we are starting to get some new members that we can train up to organise rallies and assist us on our journey to continue to have a successful branch.
Katryna
Vintage
VCC Swap Meet Oct 7-9th
Starting with the Noggin on Thursday night; kicked off what was to be a great return to our annual swap meet. Friday morning dawned fine with a chilly 4 degrees. The weather continued to stay fine throughout the weekend. Judging by the content at the sites there appeared to be more car parts on sale than normal. A big thanks to Colin Hey and his committee and all the volunteers that made this weekend so successful.
The Annual Vintage Rally this year was moved from November to December; as there was a date clash with Otago Branch; 50th Taieri Rally.
VCC Annual Vintage Rally. 3rd December 2022
Saturday dawned fine with the first cars arriving at the club grounds just after 9:00am. Colin and Katryna jammed and creamed the freshly baked scones that Colin had baked prior to his arrival. After a cuppa and scone the rally entrants departed the grounds in 1 minute intervals at the start of the time trial section. Drivers had preregistered with their anticipated average speed; and the timed section lasted from the start to the finish of the morning session.
The 27 vintage cars travelled to Leeston Park via Rolleston, Lincoln, Greenpark, Coes Ford and Southbridge, arriving at Leeston Park in time for Field Tests and lunch. Field tests comprised of 4 general knowledge questions, followed by vehicle tests.
A special mention to Gill and Katryna for their entry in the clubs International Truck, not only did we have a full ladies team entered, but the club’s truck had a good run, Well done.
It was pleasing to see that most cars parked in a large cycle under the trees and sat together to eat their lunch.
Graham Evans Vintage Convenor
It’s been another good year for the veteran section, which commenced with the annual veteran rally on 25th September last year and unofficially concluded with the annual Malvern Anzac day run on 25th April.
The annual veteran rally attracted 15 participants, and this year was based around the View Hill and Oxford area, starting and finishing at the West Eyreton school, and incorporating a picnic lunch at Ribblesdale Garden just out of Oxford. Our in-between feature event was the Hororata Highland Games display in November which once again was popular with both our members and certainly with the huge crowd which attends that event. The same applied to our first-time visit to the Twin Rivers event at the A and P Showgrounds in March. There is no doubt that ‘brass’ cars and motorcycles in particular are still popular with the public. In between these events there was plenty to keep the veteran section occupied, with OCBC and picnic runs amongst others offering a good number of opportunities to get vehicles out. It is however is always a challenge to keep runs to a reasonable distance and as much as possible away from busy roads to make them both enjoyable and safe. Aside from our own branch activities, it’s always a pleasure to be able to work in with the Veteran Car Club to ensure events do not clash, or even combine where possible, such as using OCBC as the meeting venue for outings. It’s also good to see a number of our Branch members taking part in out-of-town events such as the Dunedin to Brighton Run, the Pioneer Motoring Group run in Clyde and the Veteran Club’s Mid-Summer run in Geraldine – each of them very social, relaxed and enjoyable.
There are at least two new veteran restorations that have reached the road this year in our branch, and I’m hoping they both will feature in the Restoration of the Year event in June. It was also great to see Paul Seaton’s Buick displayed at the National Executive meeting in April and the accompanying video and talk by Paul was particularly appreciated by all the delegates attending the meeting. We know though that there are literally over veteran 100 restored or roadworthy cars and bikes in our branch that haven’t been out for years, and I really do encourage the owners to either get them out and give them a bit of exercise or loan them or pass them down to a family member while they are still able to be used.
Our 2023/24 season begins this year with the Annual Veteran Rally on 25th September. I will continue to promote all the local events that are suitable for our section during the year, and hopefully even find one or two new things to add to the list. For those who find it difficult to get the cars out, remember there is always OCBC to come to for an easy run, and if all else fails, having you attend an event in a later or even a modern car is no problem – we want to see our members out just as much as their cars.
Looking forward a bit further, note that the next National Veteran Rally will held in Dunedin in January 2024, which will be combined with the 70 th Anniversary of the Dunedin to Brighton Rally. That will be a big one, and is something all veteran owners should mark in their calendar now – particularly those with vehicles that have attended a Dunedin to Brighton run in the past.
Colin Hey Veteran Convenor