BACK TO NEWSLETTER 2001 CONTENTS
Notes To Accounts 2001
1 Based on receipts from school and release of differed income. Differed income set at approximately 4 years income.
2 Cost of annual dinner is a net effect of costs of £4,514 against the receipts of £4,374 recovered from attendees
3 Donations and sponsorship include payments of £200 to the Cormorants and £150 to the OC Golf day. These payments were made to raise the profile of the OC Society with OC's & current pupils
4 Sundry expenses include:
Data Protection Fees £35
AROPS subscription £18
IS & Internet Costs £200
Expenses £447 (Includes travel to meetings and to school, McIsaac meal, Gift for RFM)
5 Tax charge in on bank interest only, income of the society from other sources is currently netted against loss relief carried forward (assumed sufficient)
6 Capital expenditure of £193 has been incurred by the society to acquire a scanner. Charges for private assets used by the society are included in the sundry expenditure figure with expenses.
7 Represents bank interest accrued.
8 Retains provision of £770 against old creditors. £2,200 written back during the year.
9 Differed income represents amounts received from the school for OC subs. The school now pay all amounts collected from pupils to the society and any claims for reimbursement will come directly to the society.