Sample financial statement

This document is only intended to provide a suggested format for preparing an annual financial statement for an incorporated society.

! IMPORTANT NOTES

From 1 June 2008 all manually filed financial statements must be accompanied by appropriate certification.
Download a cover sheet to include when you file your financial statements that includes certification of those financial statements [53 kB PDF].

ABC Club Incorporated 123456 (society number)

Financial Statement for 2005

Financial Year March 2004 - February 2005

Annual General Meeting held 10 April 2005

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INCOME	2005	2004
Subscriptions	2975	2730
Advertising in newsletter	100	120
Donations	330	230
Entry fees from annual show	3600	2800
General fundraising	640	780
Interest	35	25
Registration fees	624	nil
Total income	8304	6685

EXPENSES
Printing costs	186	154
Postage costs	165	96
Insurance	860	880
Administration costs	341	378
Bank Fees	198	187
Rates	752	733
Cost of annual show	2607	2560
Instructor fee	450	nil
Total expenses	5,559	4,988

Total income	8,305	6,685
Less total expenses	-5,559	-4,988

Net surplus	2,746	1,697

ASSETS
Land	7300	7300
Cash in bank – deposit	4560	1500
Cash in bank – cheque account	1567	234
Sporting equipment	100	100
Clubroom equipment	30	30
Sundry equipment	10	10
Total Assets	13,567	9,174

LIABILITIES

Unpaid subscriptions

105

Total liabilities

105

Total assets	13,567	9,174
Less total expenses	- 70	- 105

Net assets (liabilities)	13,497	9,069
plus net surplus	+ 2,746	+ 1,697
TOTAL FUNDS as at 28 February	16,243	10,766

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Updated 18 February 2008