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HARTLEY COLLEGE PAST PUPILS ASSOCIATION OF CANADA & USA |
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FINANCIAL STATEMENT FOR THE YEAR ENDED SEPT. 30, 2010 |
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BALANCE SHEET |
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NOTE |
2010 |
2009 |
2008 |
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ASSETS |
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CASH IN HAND & BANK |
1 |
7,699.11 |
2605.77 |
1932.59 |
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TERM DEPOSIT WITH TD BANK |
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25,811.96 |
20,427.29 |
20,427.29 |
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ACCOUNTS RECIVABLE -NET |
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0.00 |
2,273.01 |
5,181.32 |
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PREPAID EXPENSES |
2 |
525.00 |
1,456.45 |
900.00 |
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INVENTORY -MUGS |
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561.30 |
561.30 |
601.30 |
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TOTAL ASSET |
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34,597.37 |
27,323.82 |
29,042.50 |
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FUNDS AND LIABILITIES |
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ACCOUNTS PAYABLE AND ACCRUALS |
3 |
273.00 |
143.00 |
74.88 |
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LIFE MEMBERSHIP FUND |
4 |
21,900.00 |
20,700.00 |
19,700.00 |
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PRESENT COLLEGE NEED FUND |
5 |
2,387.87 |
2,105.04 |
0.00 |
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ATPUT NAVA FUND |
6 |
519.38 |
0.00 |
0.00 |
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KAURNANITHY FUND |
7 |
1,800.00 |
1,450.00 |
0.00 |
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C.P.THAMOTHIRAM FUND |
8 |
2,000.00 |
0.00 |
0.00 |
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PICNIC CONTRIBUTION C/F |
9 |
419.69 |
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OTHER SOCIAL FUNDS |
10 |
437.37 |
437.37 |
3,724.33 |
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TOTAL FUND |
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29,464.31 |
24,692.41 |
23,424.33 |
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OPERATING SURPLUS |
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4,860.06 |
2,488.41 |
5,543.29 |
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TOTAL LIABILITY |
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34,597.37 |
27,323.82 |
29,042.50 |
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STATEMENT OF OPERATION & |
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2010 |
2009 |
2008 |
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OPERATING SURPLUS BALANCE |
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REVENUE |
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AGM & DINNER |
11 |
1,857.49 |
131.74 |
-43.88 |
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BENEFIT SHOW |
12 |
995.00 |
0.00 |
2,585.00 |
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INTEREST ON TERM DEPOSITS |
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603.31 |
956.97 |
827.29 |
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ANNUAL MEMBERSHIP |
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0.00 |
80.00 |
20.00 |
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3,455.80 |
1,168.71 |
3,388.41 |
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EXPENDITURE |
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GEN. EXPENSES |
13 |
640.15 |
1,666.59 |
1,078.16 |
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SOUVENIR AD REVENUE REVERSED |
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0.00 |
1,300.00 |
410.00 |
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PROVISION FOR DOUBTFUL DEBTS |
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0.00 |
1,145.00 |
0.00 |
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640.15 |
4,111.59 |
1,488.16 |
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OPERATING SURPLUS FOR THE YEAR |
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2,815.65 |
-2,942.88 |
1,900.25 |
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ADD OPERATING SURPLUS B/F |
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2,488.41 |
5,543.29 |
5,501.34 |
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TOTAL OPERATING SURPLUS |
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5,304.06 |
2,600.41 |
7,401.59 |
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LESS DISBURSEMENTS |
14 |
444.00 |
112.00 |
1,858.30 |
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OPERATING SURPLUS C/F |
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4,860.06 |
2,488.41 |
5,543.29 |
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INCOME STATEMENT |
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2010 |
2009 |
2008 |
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AGM & DINNER 2009 (11) |
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REVENUE |
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TICKETS & BAR SALE |
4,035.00 |
4,285.00 |
3,140.00 |
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ADVERTISEMENT |
1,830.00 |
1,520.00 |
1,400.00 |
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RAFFLE |
0.00 |
64.00 |
218.00 |
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5,865.00 |
5,869.00 |
4,758.00 |
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EXPENSES |
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HALL, FOOD & LIQUOR |
3,021.78 |
4,000.00 |
3,000.00 |
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PRINTING |
720.00 |
1,050.00 |
975.00 |
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MISC. EXPENSES |
265.73 |
687.26 |
824.88 |
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4,007.51 |
5,737.26 |
4,799.88 |
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REVENUE OVER EXPENSES |
1,857.49 |
131.74 |
-41.88 |
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BENFIT SHOW 2010 (12) |
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TICKET SALE |
1,445.00 |
0.00 |
3,510.00 |
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ADVERTISEMENT |
0.00 |
0.00 |
0.00 |
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1,445.00 |
0.00 |
3,510.00 |
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EXPENSES |
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HALL |
300.00 |
0.00 |
925.00 |
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PRINTING (2009) |
150.00 |
0.00 |
0.00 |
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450.00 |
0.00 |
925.00 |
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REVENUE OVER EXPENSES |
995.00 |
0.00 |
2,585.00 |
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Treasurer |
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President |
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M.R. Rajezwaran |
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V. Jayaraman |
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Auditor's Report |
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To the members of Hartley College Past Pupils Association Canada & USA |
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We have examined the financial statements of HCPPA Canada & USA as of |
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September 30, 2010 and the activities year then ended. Our
responsibility is to |
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express an opinion on these financial statement based on our
examination. |
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In our opinion these financial statements present fairly in all material
respect the |
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financial position of the association as of September 30, 2008 and the
results of its |
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operation for the year then ended. |
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S. Krishnalingam |
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S. Sivakumaran |
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Auditors |
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NOTES |
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1 |
Cash in hand |
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469.88 |
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Cash in TD banak |
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7,229.23 |
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7,699.11 |
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2 |
Hall rent for AGM prepaid |
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450.00 |
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LCBO licence |
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75.00 |
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525.00 |
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3 |
Amount payable to Web-team |
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243.00 |
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Quality printing |
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30.00 |
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273.00 |
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4 |
Life members |
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balance b/f |
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20,700.00 |
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Kiritharan Thiyagarajah |
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100.00 |
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M. Sahathevan |
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100.00 |
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Sivanathan Ponnambalam |
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100.00 |
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Jayanathan Ponnambalam |
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100.00 |
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Tharani Thanga |
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100.00 |
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Sinnathamby Vijayaranjan |
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100.00 |
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Balendra Sutharsan |
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100.00 |
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Paskaran Theiveeharan |
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100.00 |
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Paul Paventhan |
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100.00 |
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Kumar Selvakumar |
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100.00 |
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R. Thavarajah |
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100.00 |
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B. Priyatharsan |
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100.00 |
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21,900.00 |
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5 |
Present college need fund |
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balance b/f |
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2,105.04 |
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B. Muhunthan |
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500.00 |
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M.Sahathevan |
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100.00 |
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R. Rajezwaran |
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200.00 |
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R. Thavarajah |
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50.00 |
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V. Satkunaseelan |
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500.00 |
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P. Nareshkumar |
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100.00 |
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S. Gunanayagam |
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500.00 |
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Hartley Cricket team |
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200.00 |
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S. Ramesh |
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100.00 |
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S. Sivarajah |
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100.00 |
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S. Sivapalaratnam |
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100.00 |
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4,555.04 |
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Trs to Global Trust Rs.250,000 |
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-2,167.17 |
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2,387.87 |
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6 |
Atput-Nava lab fund |
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K. Iswara |
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519.38 |
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7 |
Karunanity fund |
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balance b/f |
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1,450.00 |
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N.Pathmanathan |
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100.00 |
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N. Rabindran |
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150.00 |
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K. Sivamohan |
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100.00 |
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1,800.00 |
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8 |
C.P. Thamothiram fund |
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N. Perinpanayagam |
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2,000.00 |
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9 |
Picnic contribution 2010 |
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V.Sivaraman |
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200.00 |
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T.Ramash |
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200.00 |
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M.Wijendra |
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150.00 |
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M.Balachandran |
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100.00 |
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Rohan Chelliah |
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100.00 |
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S.Thevanayagam |
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80.00 |
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V.Vijenthira |
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60.00 |
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S.Sivakumar |
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60.00 |
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V.Vivekananthan |
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50.00 |
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S.Rudran |
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50.00 |
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B.Priyadarshan |
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50.00 |
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P.Alagurajah |
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40.00 |
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Logan Velumylum |
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40.00 |
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P.Ramesh |
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40.00 |
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K.Murugananthan |
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30.00 |
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N.Murugananthan |
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30.00 |
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Mathurai Pathmanathan |
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25.00 |
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M.Thayaparan |
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25.00 |
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B.paranthaman |
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25.00 |
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Baleswaran |
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20.00 |
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1,375.00 |
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Pinic expenses |
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Food/drinks/others |
882.70 |
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Park fees |
72.61 |
955.31 |
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419.69 |
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10 |
Other Social Funds |
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Orphanage fund bal. |
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150.00 |
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Chencholai fund bal. |
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37.37 |
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Social emergency fund bal. |
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250.00 |
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437.37 |
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13 |
General Expenses |
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Postage |
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340.70 |
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Printing/stationery |
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182.64 |
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website annual cost |
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100.00 |
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others misc |
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16.81 |
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640.15 |
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14 |
Disbursements |
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Award to Mast. Vadiveswaran |
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130.00 |
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Rs. 15,000 |
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Airfare to Mas. J. Niraj Rs.62,000 |
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539.00 |
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less members contribution |
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s. Gunanayagam |
100.00 |
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S. Thevanayagam |
100.00 |
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V. Navakumar |
25.00 |
-225.00 |
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444.00 |
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Adjustment was made in year 2009 to reconcile Life Membership Fund and
increase the balance from 20,600 to 20,700 by reducing the operating
surplus brought forward from 2,588.41 to 2.488.41. |
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