Boxing assn accounts unaudited

Press, 26 May 1977, Page 27

Boxing assn accounts unaudited

By

KAY CAIRNS

Unbusinesslike conduct of the affairs of the Canterbury Boxing Association caused unaudiieu accounts to be presented to the annual meeting this week. The presentation of the accounts showed that last year- s audited accounts contained serious errors of arithmetic, which suggested that they snoma not have oeen certified. The income and expenditure account tor the year enoed January 31 last yeat showed an expenditure total oi $3772.211, where the actual Items tot alien $2793.71. It was worse on the income side: the various items of Income were listed as a total of $3906, but they actually totalled $2480.48. There was a net profit of $1133.75 reported; according to the figures, there should have been a loss of $313. Remarkably the audited accounts for the year ended January, 1976, were accepted by the annual meeting last year. It was only when this years retiring president (Mr J. Murray) took the books to his own accountant for preparation of the last year’s accounts that the error was found.

“Those accounts were accepted without question,” Mr Murray said. “But this year, my accountant said that he could not give an honest audit. He was happy enough with the transactions of the last year, and the way in which the record was presented, but the accounts are still not audited because of that anexplained discrepancy last year.” The new president of the Canterbury Boxing Association (Mr M. Drury) said: “It looks typical of the C.8.A.; it does not do things thoroughly enough. “There has been mismanage- ; ment, and I don’t think the asso-

elation has v orked In a businesslike manner until this last year,” he said.

"But as far as 1 am concerned, no-one nas got anything out oi It. 1 know we should have money, but I am starting with nothing, with a clean sheet, and I want things to work properly." Mr Murray, it seems, went out of his way to tidy things up In his year as president. He took control of the association's cheque book, and although he could, not give official receipts, his entries in the bank deposit book had much the same effect. At tlie annual meeting on Monday, Mr Murray asked for those In favour of the accounts being approved to indicate thus, but there was silence. When he asked for opposition, there was again silence, and he deemed the accounts to be approved. However, the association has a history of problems with its accounts.

Two years ago. Mr D. L. Gallop, who was then the auditor, said it had "not been possible to complete a full audit because the records are incomplete.” Mr Gallop’s major points of contention were that many payments were not substantiated by vouchers or receipts, or by entries in the minute book. There were no records of the receipts of association tournaments — that Is. gatetakings — in the minute or receipt book.

Mr Gallop said yesterday that he was asked again to audit the association books more than a year ago, but had to decline because of an overseas tour. He also said that in his comments of the previous year, he intended no reflection on the Integrity of the secretary-treasurer; it was simply a matter of incomplete recording, he said.