ANMC Financial Report 2020

Below is the Australian Nepalese Multicultural Centre (ANMC) Treasures Report for the year ending 30 June 2020.

The financial report comprises of two financial years data since ANMC did not have AGM for the year ending 30 June 2019 due to pandemic. Two AGMs were merged in one for time unlike previous years and it had to be held for the purpose of election and reporting requirement. The audit report for both financial years has been included in the report. The balance sheet shows a bank balance of AUD31,041.56 in ANZ bank and AUD 36,223.77 in NAB. Total assets including cash at bank, Land & Building and plant equipment is AUD 1,587,579.24 whereas our liability is AUD 484,082.56 which included a Bank loan of AUD450,000.00 ANMC made a profit of AUD 273,067.54 for the year ending 30 June 2019, and AUD 121,221.32 for the year ending 30 June 2020 respectively.

The main sources of income are Donation which is AUD 88,319.76 Family Membership AUD 26,851.17 and Individual Membership AUD 1,636.36 and fundraising AUD 7,136.77.