Waiheke Island Choral Society Inc.
Financial Performance for the year ended 31 December 2015
| 2015 | 2014 | ||||
| $ | $ | ||||
| Income | |||||
| Subscriptions | 1260 | 1413 | |||
| Donations | 180 | 377 | |||
| Interest | 28 | 30 | |||
| Hall hire refund from 2013 | 50 | ||||
| Concert Income: | |||||
| - Beethoven concert | 1361 | ||||
| - Christmas concert | 3663 | 409 | |||
| - Cinderella: The Panto | 102 | ||||
| - Messiah concert | 2706 | ||||
| - War and Peace concert | 1980 | ||||
| Creative Communities Grant | |||||
| Total Income | 6492 | 7067 | |||
| Expenses | |||||
| Advertising/Stationery/Copying | 15 | 0 | |||
| Auditor | 782 | 601 | |||
| Bank Fees | 40 | 43 | |||
| Association Fees | 295 | 353 | |||
| Depreciation | 114 | 123 | |||
| General | 185 | 356 | |||
| Donations to charities | 2502 | 500 | |||
| Social | 524 | 1166 | |||
| Travel | 0 | 475 | |||
| Petty Cash | 0 | 0 | |||
| Hall Hire | 516 | 851 | |||
| Concert Expenses: | |||||
| - Beethoven concert | 1429 | ||||
| - Fat Lady Sings show (cancelled) | 154 | ||||
| - Sound of Music (2016) | 8490 | ||||
| - Christmas concert | 1161 | 79 | |||
| - Messiah concert | 2077 | ||||
| - War and Peace concert | 2580 | ||||
| Total Expenses | 16207 | 9204 | |||
| Net Surplus (-Deficit) | -9715 | -2137 | |||
Waiheke Island Choral Society Inc.
Financial Position as at 31 December 2015
| 2015 | 2014 | ||||
| Accumulated Funds | $ | $ | |||
| Balance as at 1 January | 24655 | 26792 | |||
| Net Surplus (-Deficit) | -9715 | -2137 | |||
| Total Funds Invested | 14940 | 24655 | |||
| Invested as Follows: | |||||
| Current Assets | |||||
| ASB Bank General Account | 6925 | 16554 | |||
| ASB Bank Reserve Fund | 5954 | 5926 | |||
| Music Stocks | 320 | 320 | |||
| 13199 | 22800 | ||||
| Less Liabilities | |||||
| Creditors | 113 | 113 | |||
| Working Capital | 13086 | 22687 | |||
| Fixed Assets | |||||
| as per Schedule | 1854 | 1968 | |||
| Net Assets | 14940 | 24655 | |||
Waiheke Island Choral Society Inc.
Schedule of Fixed Assets and Depreciation for the year ended 31 December 2015
| Asset | Cost | Accum Depn | Book Value | Additions/ | Depreciation | Depreciation | Book Value | |
| 31 Dec 2014 | 31 Dec 2014 | Disposals | Rate | Amount | 31 Dec 2015 | |||
| Piano | 4531 | 3009 | 1522 | 7.50% | 114 | 1408 | ||
| Piano Cover | 446 | 0 | 446 | 0 | 0 | 446 | ||
| 4977 | 3009 | 1968 | 114 | 1854 |