The Old Clayesmorian Society Income & Expenditure Acoount for Year Ended 30th November 2004
		2004				2003
	£		£		£		£
Income
Entry fees			4,213				6,028
Subscriptions			4,009				4,054
Bank Deposit Interest			796				730
Deferred Income			3,025				3,025
			12,043				13,837
Expenditure
Newsletter & Clayesmorian	676				3,252
Post & stationary	1,686				2,810
Social Events (Net costs)	267				187
Sundry Expenses	33				50
Accountancy fees	294				294
Depreciation	206				204
Donations & Sponsorship	1,153				766
			4,315				7,563
Surplus For Year Before Tax			7,728				6,274
Taxation
Provision for year
Prior year provision utilised
Paid (/received) during year					-33
							33
Surplus For Year After Tax			£   7,728				6,307
The Old Clayesmorian Society Balance Sheet as at 30th November 2004
Fixed Assets
Computer	818						818
Less Depreciation at 25% pa	-818						-612
			NIL				206
Current Assets
Cash at bank					41,970
			47,569				41,970
Current Liabilities
Sundry Creditors	294				294
Income tax payable	48				60
Deferred Income	6,050				9,075
			-6,392				-9,429
Net Assets			£ 41,177				£ 32,747
Income and Expenditure Account
Balance brought forward	31,134				24,860
Surplus for the year	7,728				6,274
Balance carried forward			£ 38,862				£ 31,134
Scadding Fund
Surplus re sale of donated pictures	2,335				1,613
Balance Carried Forward			2,335				1,613
			£ 41,197				£ 32,747