Waiheke Island Choral Society Inc.
Financial Performance for the year ended 31 December 2010
| 2010 | 2009 | ||||
| $ | $ | ||||
| Income | |||||
| Subscriptions | 920 | 1015 | |||
| Donations | 0 | 369 | |||
| Interest | 59 | 94 | |||
| Concert Income: | |||||
| - Peter Pan | 17601 | ||||
| - A Capella | 123 | ||||
| - A Funny Thing Happened on the Way to the Forum | 9559 | ||||
| - Christmas concert | 715 | 1993 | |||
| Creative Communities Grant | 1000 | 2600 | |||
| Total Income | 12253 | 23795 | |||
| Expenses | |||||
| Advertising/Stationery/Copying | 163 | 399 | |||
| Auditor | 281 | 270 | |||
| Bank Fees | 13 | 16 | |||
| Association Fees | 350 | 309 | |||
| Depreciation | 168 | 182 | |||
| General | 322 | 313 | |||
| Donations to charities | 200 | 7500 | |||
| Social | 190 | 265 | |||
| Travel | 0 | ||||
| Petty Cash | 0 | ||||
| Hall Hire | 961 | 473 | |||
| Concert Expenses: | |||||
| - Peter Pan | 8880 | ||||
| - A Funny Thing Happened ... | 7802 | 5198 | |||
| - Christmas concert | 1310 | 1884 | |||
| Total Expenses | 11760 | 25689 | |||
| Net Surplus (-Deficit) | 493 | -1894 | |||
Waiheke Island Choral Society Inc.
Financial Position as at 31 December 2010
| 2010 | 2009 | ||||
| Accumulated Funds | $ | $ | |||
| Balance as at 1 January | 20904 | 22798 | |||
| Net Surplus (-Deficit) | 493 | -1894 | |||
| Total Funds Invested | 21397 | 20904 | |||
| Invested as Follows: | |||||
| Current Assets | |||||
| ASB Bank General Account | 8367 | 7765 | |||
| ASB Bank Reserve Fund | 9796 | 9737 | |||
| Music Stocks | 320 | 320 | |||
| 25-Year History Books | 390 | 390 | |||
| 18873 | 18212 | ||||
| Less Liabilities | |||||
| Creditors | 0 | 0 | |||
| Working Capital | 18873 | 18212 | |||
| Fixed Assets | |||||
| as per Schedule | 2524 | 2692 | |||
| Net Assets | 21397 | 20904 | |||
Waiheke Island Choral Society Inc.
Schedule of Fixed Assets and Depreciation for the year ended 31 December 2010
| Asset | Cost | Accum Depn | Book Value | Additions/ | Depreciation | Depreciation | Book Value | |
| 31 Dec 2009 | 31 Dec 2009 | Disposals | Rate | Amount | 31 Dec 2010 | |||
| Piano | 4531 | 2285 | 2246 | 7.50% | 168 | 2078 | ||
| Piano Cover | 446 | 0 | 446 | 0 | 0 | 446 | ||
| 4977 | 2285 | 2692 | 168 | 2524 |