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View a sample financial statement

 

The aim of this sample financial statement is to provide a suggested format for preparing an annual financial statement for an incorporated society.

ABC Club Incorporated 123456 (society number)

Financial Statement for 2008

Financial Year March 2007 - February 2008

 

Annual General Meeting held 10 April 2008

Income 2008 2007
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 1,916
Sporting equipment 100 100
Clubroom equipment 30 30
Sundry equipment 10 10
Total assets 13,567 10,856

 

LIABILITIES    
Unpaid subscriptions 70 105
Total liabilities 70 105

 

Total assets 13,567 10,856
less total liabilities - 70 - 105
     
Net assets (liabilities) 13,497 10,751


Total funds as at 28 February 13,497 10,751

 

Last updated 20 October 2009