This accounting period runs for 14 months so as to align the accounting year with the soccer year. This is a one off event and future years will be 12 month periods. The impact on running a 14 month period was to include 1 years revenue but incur additional expenses. Whilst most of these were relatively small amounts of both income and expenses totalling a few thousand dollars in both income and expense, two major items should be noted. Ground hire is normally approximately $10,000 pa. In the 14 month period we incurred twice this amount. Trophies are normally approximately $5,000 pa. In the 14 month period we incurred twice this amount. If the accounting period had been 12 months the club would have shown a small profit. The profit for the period July to June 2004 was $2,200.

D Howard, Treasurer