The Financial Statements of Kenthurst Combined Probus Club Incorporated comprise the Income and Expenditure Statement and Balance Sheet.
KENTHURST COMBINED PROBUS CLUB INCORPORATED
INCOME AND EXPENDITURE
For the Year Ended 28th February, 2023
|
INCOME
|
2023 |
2022 |
|
|
$ |
$ |
|
Annual Subscriptions & Tea Money |
1,887.50 |
2,430.00 |
|
Joining Fees |
40.00 |
30.00 |
|
Functions & Outings |
55,481.80 |
5,844.00 |
|
Interest Received |
0.66 |
0.60 |
|
Donations/Sponsorship |
10.00 |
1,355.00 |
|
Welfare/Guest Speaker |
60.00 |
- |
|
TOTAL INCOME |
57,479.96 |
9,659.60 |
|
|
|
|
|
EXPENDITURE |
|
|
|
|
|
|
|
Capitation & Insurance |
495.00 |
660.00 |
|
Probus Magazines |
- |
- |
|
Fair Trading Registration |
48.21 |
47.00 |
|
Functions & Outings |
56,398.05 |
4,944.40 |
|
Morning Teas |
34.30 |
17.95 |
|
Donations (Inc. Kenthurst Church) |
550.00 |
- |
|
Badges & Gifts |
41.00 |
49.01 |
|
Postal |
1.80 |
136.00 |
|
Printing, Stationery, Historian, Expenses |
87.00 |
- |
|
AGM |
213.15 |
256.85 |
|
Welfare/Guest Speaker |
315.00 |
193.30 |
|
Advertising (leaflet printing) |
414.00 |
1,241.69 |
|
|
|
|
|
|
|
|
|
TOTAL EXPENDITURE |
58,597.51 |
7,546.20 |
|
|
|
|
|
SURPLUS/(DEFICIT) |
(1,117.55) |
2,113.40 |
|
|
|
|
| KENTHURST COMBINED PROBUS CLUB INCORPORATED | |||||||||||
| BALANCE SHEET | |||||||||||
| as at 28th February, 2023 | |||||||||||
| ASSETS | 2023 | 2022 | |||||||||
| $ | $ | ||||||||||
| Cash Balance | 5,938.93 | 23,836.48 | |||||||||
| Cash Float | 100.00 | 100.00 | |||||||||
| Total Assets | 6,038.93 | 23,936.48 | |||||||||
| LIABILITIES | |||||||||||
| Subscriptions Pre-paid | 955.00 | 900.00 | |||||||||
| Sponsorship Commitment | 0.00 | 0.00 | |||||||||
| Activities Pre-paid | 295.00 | 17,130.00 | |||||||||
| Total Liabilities | 1,250.00 | 18,030.00 | |||||||||
| NET ASSETS | 4,788.93 | 5,906.48 | |||||||||
| Represented by Club Funds | 4,788.93 | 5,906.48 | |||||||||
| Note: The Kenthurst Combined Probus Club was established on 11th December 1997 | |||||||||||
| and incorporated on 12th November 1998. | |||||||||||
| Signed for and on behalf of the Management Committee at Sydney on | |||||||||||
| 16th March,2023 | |||||||||||
| ....................................................... | ........................................................ | ||||||||||
| Burt Stuut (President) | Lidia Ceccato (Treasurer) | ||||||||||
| ...................................................... | |||||||||||
| Pat Bonnici (Secretary) | |||||||||||
Audit Report of records of Kenthurst Combined Probus Club INC. for the year ended
28th February, 2023.
SCOPE
I have audited the Financial Statements of Kenthurst Combined Probus Club Incorporated for the twelve months ended 28th February, 2023 in order to express an opinion on them to the members. These statements comprise an Income and Expenditure Statement and a Balance Sheet which have been prepared solely to meet the needs of the members and for the purpose of complying with the requirements of the Associations Incorporation Act 2009 of New South Wales.
The procedures followed during the audit included a detailed check of the books of account and associated financial records together with an examination on a test basis of other written records of the Club. The purpose of these procedures has been to enable me to form an opinion as to whether the financial statements are presented fairly in all respects and whether there are any other matters requiring attention.
AUDIT OPINION
In my opinion, the attached Balance Sheet and Income and Expenditure Statement present fairly the financial position of Kenthurst Combined Probus Club Incorporated as at 28th February 2023 and the results of its operations for the twelve months ended 28th February 2023. It is noted there was a loss for the year of $1,117.55 and the Club funds at the end of the period were $4,788.93. The decrease in funds over the last year equals the loss.
..............................................
®