Annual General Meeting 2024
AGM 27th August 2024
Meeting Minutes
1. Attendance
Attendees:
Mark Goatley, Sebastian Krueger, Chris Watson, Hrishi Hiremath, Arshad Zackeriya, Darshit Pandya, Geethika Guruge, Yoan Tresfield, Charlie Hunter, Gleidson Nascimento, Kobe Xu, Lilupa Karu, Paul Dunlop, Ramaswamy Arunachalam, Terence White, Alice Jowsey, Tom Cully, Jessica Veng, Barbora Klusackova.
2. Summary of Presidents Report 2024 – Mark Goatley
Nominated to accept the report: Seconded:
3. Financial Annual Report 2024 – Chris Watson
Profit and Loss, and Balance Sheet
The User Group has a healthy balance sheet, with Total Equity of $18,594.21
After FY24 Income Tax (to be paid July 2024), the User Group has made a profit of $13,294.9
Taxable Profit and Loss
FY23 has a Taxable Loss of $796.63. Therefore this taxable loss is carried through to FY24.
The FY24 Taxable Profit is $15,893.78 resulting in Income Tax of $4,395.42 (net of RWT owed). Note that as a not-for-profit, the User Group has $1000 income tax free.
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Income |
$60,267.80 |
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Cost of Goods Sold |
($35,953.81) |
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Operating Expenses |
($6,623.58) |
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Not-For-Profit Tax Free Allowance |
($1000.00) |
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FY23 Loss Carried Forward |
($796.63) |
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FY24 Taxable Profit |
|
$15,893.78 |
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|
|
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FY24 Tax at 28% |
$4,450.04 |
|
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RWT Paid |
($54.62) |
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FY24 Income Tax Owed (Liability) |
|
$4,395.42 |
Nominated the Financial report to be accepted as true and correct: Seconded:
4. Amendments to our Constitution
No updates this year
5. Notice of Resignation from Committee and roles
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Chris Watson stepping down from Treasurer role and the Committee
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Hrishi Hiremath stepping down from Vice President role
- Seb Krueger stepping down from Secretary role
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6. Nominations for Committe Executive Positions
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President – Mark Goatley and Seb Krueger
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Vice President – Kobe Xu and Geethika Guruge
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Treasurer – Arshad Zackeriya (Zack)
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Secretary – Raaswamy Arunachalum (Ram)
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- Seb Krueger to ask:
Jacob Ong
Chamilla D Alwis
Dinesh Sharma
Kieth Archibald
Darshit Pandya - TerenceW
- Alice Jowsey
- Mark Goatley
- Hrishi Hiremath
- Lilupa Karu
- Gleidson Nascimento
- Charlie Hunter
- Yoan Tresfield
- Kobe_Xu
- Tom Cully
- Barbora Klusackova
Voting on Proposals
President: Seb Kreuger
Vice President: Geethika Guruge
Treasurer: Arshad Zackeriya No objection (voting wasn’t done as we only had one nominee)
Secretary: Ramaswamy Arunachalam No objection (voting wasn’t done as we only had one nominee)
Committee members accepted by all.
Actions
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Update website Mark Goatley
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Submit documents to the companies office: Ram
Other Business
Nothing discussed