Waiheke Island Choral Society Inc.
Financial Performance for the year ended 31 December 2007
| 2007 | 2006 | ||||
| $ | $ | ||||
| Income | |||||
| Subscriptions | 1220 | 1230 | |||
| Donations | 550 | 608 | |||
| Interest | 461 | 437 | |||
| Concert Income: | |||||
| - The King and I | 26207 | ||||
| - A Capella | 100 | ||||
| - Mainly Mozart | 431 | ||||
| - Iolanthe | 3151 | ||||
| - Christmas concert | 0 | 228 | |||
| Creative Communities Grant | 1000 | 600 | |||
| Total Income | 29438 | 6785 | |||
| Expenses | |||||
| Advertising/Stationery/Copying | 203 | 122 | |||
| Auditor | 180 | 214 | |||
| Bank Fees | 3 | 3 | |||
| Association Fees | 200 | 185 | |||
| Depreciation | 213 | 230 | |||
| General | 529 | 1340 | |||
| Donations | 500 | 0 | |||
| Travel | 86 | 405 | |||
| Petty Cash | 0 | 0 | |||
| Hall Hire | 784 | 883 | |||
| Concert Expenses: | |||||
| - The King and I | 18945 | ||||
| - A Capella | 123 | ||||
| - Mainly Mozart | 520 | ||||
| - Iolanthe | 3321 | ||||
| - Christmas concert | 47 | 0 | |||
| Total Expenses | 21690 | 7346 | |||
| Net Surplus (-Deficit) | 7748 | -561 | |||
Waiheke Island Choral Society Inc.
Financial Position as at 31 December 2007
| 2007 | 2006 | ||||
| Accumulated Funds | $ | $ | |||
| Balance as at 1 January | 16800 | 17361 | |||
| Net Surplus (-Deficit) | 7748 | -561 | |||
| Total Funds Invested | 24548 | 16800 | |||
| Invested as Follows: | |||||
| Current Assets | |||||
| ASB Bank General Account | 11570 | 4070 | |||
| ASB Bank Reserve Fund | 9197 | 8736 | |||
| Music Stocks | 320 | 320 | |||
| 25-Year History Books | 390 | 390 | |||
| 21477 | 13516 | ||||
| Less Liabilities | |||||
| Creditors | 0 | 0 | |||
| Working Capital | 21477 | 13516 | |||
| Fixed Assets | |||||
| as per Schedule | 3071 | 3284 | |||
| Net Assets | 24548 | 16800 | |||
Waiheke Island Choral Society Inc.
Schedule of Fixed Assets and Depreciation for the year ended 31 December 2007
| Asset | Cost | Accum Depn | Book Value | Additions/ | Depreciation | Depreciation | Book Value | |
| 31 Dec 2006 | 31 Dec 2006 | Disposals | Rate | Amount | 31 Dec 2007 | |||
| Piano | 4531 | 1693 | 2838 | 7.50% | 213 | 2625 | ||
| Piano Cover | 446 | 0 | 446 | 0 | 0 | 446 | ||
| 4977 | 1693 | 3284 | 213 | 3071 |