Waiheke Island Choral Society, Inc.

Treasurer’s Report to the Annual General Meeting

19 March 2013

Performance
Position
Fixed Assets


Sheet 1: Performance

Waiheke Island Choral Society Inc.

Financial Performance for the year ended 31 December 2012











2012 2011










$ $
Income




Subscriptions


1120 945
Donations


127 151
Sales of 25-Year books


0 50
Bond refund from 2010


0 150
Interest


29 41
Concert Income:




- The Mikado


9420 1670
- Fiddler on the Roof



17745
- Christmas concert


25 624
Creative Communities Grant


1190






Total Income


11911 21376






Expenses




Advertising/Stationery/Copying


156 157
Auditor


431 324
Bank Fees


0 43
Association Fees


305 349
Depreciation


144 156
General


250 114
Donations to charities


0 0
Social


312 105
Travel


0 0
Write-off of 25-Year books


0 390
Petty Cash


0 0
Hall Hire


1210 828
Concert Expenses:




- The Mikado


6890 1207
- Fiddler on the Roof



16201
- Christmas concert


328 41






Total Expenses


10026 19915






Net Surplus (-Deficit)


1885 1461







Sheet 2: Position

Waiheke Island Choral Society Inc.

Financial Position as at 31 December 2012











2012 2011






Accumulated Funds


$ $






Balance as at 1 January


22858 21397
Net Surplus (-Deficit)


1885 1461






Total Funds Invested


24743 22858












Invested as Follows:










Current Assets




ASB Bank General Account


16632 14353
ASB Bank Reserve Fund


5866 5837
Music Stocks


320 320










22818 20510






Less Liabilities




Creditors


299 20






Working Capital


22519 20490






Fixed Assets




as per Schedule


2224 2368






Net Assets


24743 22858







Sheet 3: Fixed Assets

Waiheke Island Choral Society Inc.

Schedule of Fixed Assets and Depreciation for the year ended 31 December 2012










Asset
Cost Accum Depn Book Value Additions/ Depreciation Depreciation Book Value



31 Dec 2011 31 Dec 2011 Disposals Rate Amount 31 Dec 2012









Piano
4531 2609 1922
7.50% 144 1778
Piano Cover
446 0 446
0 0 446











4977 2609 2368

144 2224