Document Actions

View a sample financial statement

Note
  1. This sample financial statement should only be used as a guide when preparing an annual financial statement for an incorporated society.
  2. Income, expenses, assets and liabilities should be presented in categories that are appropriate to the society’s circumstances.
  3. We recommend you review the rules of the society. Where the rules specify:
    1. a particular format of financial statement, for example compliance with GAAP, you must meet these requirements; or
    2. that an auditor must be appointed, the audit report must be attached to the financial statement.
  4. This sample statement should not be used where the society has financial statement preparation and filing obligations under other legislation e.g. where the society is an issuer, FMC reporting entity, charity or industrial and provident society. In this case, we recommend you seek professional advice, as appropriate.

 

 

ABC Club Incorporated 123456 (society number)

Statement of Income & Expenditure

For the year ended 31 March 2016*

 

INCOME 2016
$
 2015
$
Subscriptions x,xxx x,xxx
Advertising xxx -
Donations xxx xxx
Entry fees from annual show x,xxx x,xxx
General fundraising xxx xxx
Interest xx xx
Total income x,xxx x,xxx
EXPENSES    
Administration costs xxx xxx
Bank fees xxx xxx
Cost of annual show x,xxx x,xxx
Instructor fee xxx -
Insurance xxx xxx
Postage xxx xxx
Printing xxx xxx
Rates xxx xxx
Total expenses x,xxx x,xxx
Net surplus/(loss)
 x,xxx (xxx)

 

ABC Club Incorporated 123456

Statement of Financial Position

As at 31 March 2016

 

ASSETS 2016
$
 2015
$
Cash on hand x,xxx x,xxx
Bank accounts x,xxx x,xxx
Land & buildings xxx,xxx xxx,xxx
Sporting equipment xxx xxx
Clubroom equipment xx xx
Sundry equipment xx xx
Total assets xxx,xxx xxx,xxx
LIABILITIES    
Accrued expenses - xxx
Creditors xx xx
Total liabilities xx xxx
Net assets (liabilities) xxx,xxx xxx,xxx
Accumulated funds as at 31 March xxx,xxx xxx,xxx

 

ABC Club Incorporated 123456

Notes to the Financial Statement

As at 31 March 2016

 

Include details of all mortgages, charges, and securities of any description affecting any of the society’s property here. For example:

  1. The nature and amount of the borrowing that is secured; and
  2. The nature and amount of the resource(s) used as security.

 

* The financial statement includes the transactions and balances of the society for the financial year 1 April 2015 to 31 March 2016.

 

Last updated 25 September 2015