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Income & Expenditure Account for year ended 30th November 1999
| Notes |
1999 |
1999 |
1998 |
1998 |
1997 |
1997 |
||||||
Income |
£ |
£ |
£ |
£ |
£ |
£ |
||||||
Entry fees |
1 | 3,450 | 3,312 |
4,470 |
||||||||
Subscriptions |
2,694 | 1,749 |
1,715 |
|||||||||
Deposit Int |
359 | 861 |
8 |
|||||||||
|
6,503 |
5,922 |
6,193 |
||||||||||
Expenditure |
||||||||||||
| Newsletter | 2,861 | 2872 |
3,690 |
|||||||||
Post Printing & Stationery |
1,384 | 1,826 |
2,485 |
|||||||||
Cost annual Dinner |
2 | 391 | 905 |
751 |
||||||||
Cost of Dorset Dinner and Choral Day |
0 | 135 |
0 |
|||||||||
Depreciation |
54 | 445 |
445 |
|||||||||
Accountancy costs |
118 | 288 |
411 |
|||||||||
Donations and sponsorship |
3 | 450 | 800 |
0 |
||||||||
Sundry expenses |
4 | 268 | 337 |
229 |
||||||||
| 5,526 | 7,606 |
8,011 |
||||||||||
Income/Deficit |
977 | -1,684 |
-1,818 |
|||||||||
Tax |
5 | |||||||||||
Provision for current year |
71 | 178 |
2 |
|||||||||
Prior year provision utilised |
-178 | -113 |
0 |
|||||||||
Paid during year |
178 | 316 |
0 |
|||||||||
Total tax charge |
71 |
381 |
2 |
|||||||||
Income/Deficit after tax |
906 |
-2065 |
-1,820 |
|||||||||
| Balance | Sheet as | at 30th | November | 1999 | ||||||||
Surplus A/C |
||||||||||||
Brought fwd |
9,343 |
8,962 |
10,782 |
|||||||||
(Deficit) for the year |
71 |
-2,065 |
-1,820 |
|||||||||
|
9,414 |
6,897 |
-8,962 |
||||||||||
Represented by |
||||||||||||
Fixed Assets |
||||||||||||
Computer |
6 | 1,784 | 1,784 |
1,784 |
||||||||
Less: Depreciation |
1,784 | -1,730 |
-1,285 |
|||||||||
|
0 |
54 |
499 |
||||||||||
Current Assets |
||||||||||||
| Stock of ties |
0 |
0 |
14 |
|||||||||
Sundry debtors |
7 |
0 |
3,337 |
4,470 |
||||||||
Cash at bank |
0 |
10,002 |
11,918 |
|||||||||
| 13,339 | 16,402 | |||||||||||
Current Liabilities |
||||||||||||
Sundry creditors |
8 |
2,970 |
6,318 |
7,826 |
||||||||
| Deferred Income | 9 |
0 |
||||||||||
Tax reserve |
0 |
178 |
113 |
|||||||||
| -6,496 | -7,939 | |||||||||||
|
-2,970 |
6,897 | 8,962 |
Notes To Accounts
1. Information on entry fees awaited from the school. Income based on lit of leavers obtained from school.
2. Cost of annual dinner is the net effect of costs of £2,087 against which receipts of £1,696 were recovered from those attending.
3. Donations and sponsorship include payments of £100 towards the Commemorative Rose Garden, £200 to the Cormorants, £150 to the OC Golf day. These payments were made to raise the profile of the OC Society with OC's and current pupils.
4. Sundry Expenses include: OC Tankard £51,AROPS subscription £18, Wreaths £40, Expenses £220
5. Tax on bank interest only, income of the society from other sources is currently netted against loss relief carried forward.
6. No further capital expenditure has been incurred by the society. charges for private assets used used by the society are included in the sundry expenditure figure (within expenses).
7. Debtors mainly represent entry fees due from the school. Also include subscriptions banked late and accrued bank interest.
8. Includes accruals at the year end and two old amounts due (write off next year when exceed 6 years in age)
9. Deferred Income represents amounts received from the school for OC subs. Change in procedure, the school now pay all amounts collected from the pupils to the society and any claims for reimbursement will come directly to the society.