Waiheke Island Choral Society, Inc.

Treasurer’s Report to the Annual General Meeting

22 March 2016

Performance
Position
Fixed Assets


Sheet 1: Performance

Waiheke Island Choral Society Inc.

Financial Performance for the year ended 31 December 2015











2015 2014










$ $
Income




Subscriptions


1260 1413
Donations


180 377
Interest


28 30
Hall hire refund from 2013



50
Concert Income:




- Beethoven concert


1361
- Christmas concert


3663 409
- Cinderella: The Panto



102
- Messiah concert



2706
- War and Peace concert



1980
Creative Communities Grant










Total Income


6492 7067






Expenses




Advertising/Stationery/Copying


15 0
Auditor


782 601
Bank Fees


40 43
Association Fees


295 353
Depreciation


114 123
General


185 356
Donations to charities


2502 500
Social


524 1166
Travel


0 475
Petty Cash


0 0
Hall Hire


516 851
Concert Expenses:




- Beethoven concert


1429
- Fat Lady Sings show (cancelled)


154
- Sound of Music (2016)


8490
- Christmas concert


1161 79
- Messiah concert



2077
- War and Peace concert



2580






Total Expenses


16207 9204






Net Surplus (-Deficit)


-9715 -2137







Sheet 2: Position

Waiheke Island Choral Society Inc.

Financial Position as at 31 December 2015











2015 2014






Accumulated Funds


$ $






Balance as at 1 January


24655 26792
Net Surplus (-Deficit)


-9715 -2137






Total Funds Invested


14940 24655












Invested as Follows:










Current Assets




ASB Bank General Account


6925 16554
ASB Bank Reserve Fund


5954 5926
Music Stocks


320 320










13199 22800






Less Liabilities




Creditors


113 113






Working Capital


13086 22687






Fixed Assets




as per Schedule


1854 1968






Net Assets


14940 24655







Sheet 3: Fixed Assets

Waiheke Island Choral Society Inc.

Schedule of Fixed Assets and Depreciation for the year ended 31 December 2015










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



31 Dec 2014 31 Dec 2014 Disposals Rate Amount 31 Dec 2015









Piano
4531 3009 1522
7.50% 114 1408
Piano Cover
446 0 446
0 0 446











4977 3009 1968

114 1854