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Finals issued on 07.02.2007 |
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S.THOMAS' COLLEGE GURUTALAWA |
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OLD BOYS ASSOCIATION |
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INCOME AND EXPENDITURE ACCOUNT |
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FOR THE YEAR ENDED 31ST DECEMBER 2006 |
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2006 |
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2005 |
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Rs. |
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Rs. |
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INCOME |
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Get-together - Wadduwa |
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41,650.00 |
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0 |
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Membership Fees |
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11,000.00 |
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9,500 |
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Interest from Deposits |
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6,768.35 |
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7,030 |
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Sundry Income |
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0.00 |
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300 |
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Income - Dinner Dance |
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0.00 |
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0 |
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AGM Ticket Sales |
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64,800.00 |
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23,852 |
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Donations - Quadrangular Meet |
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0.00 |
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0 |
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Accounting Fees |
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0.00 |
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0 |
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Gurutalawa Fair Stall Income - Thomian Fair |
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0.00 |
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15,837 |
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124,218.35 |
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56,519 |
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EXPENDITURE |
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Bank Charges |
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2,138.47 |
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2,253 |
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Thomian Fair |
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50,000.00 |
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0 |
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Postage and Stationery |
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0.00 |
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30,854 |
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Re Union & A.G.M |
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77,126.25 |
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0 |
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Sundry Expenses |
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0.00 |
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5,300 |
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129,264.72 |
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38,407 |
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Excess of Expenses Over Income Transferred to |
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Accumulated Fund |
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-5,046.37 |
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18,112 |
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S.THOMAS' COLLEGE GURUTALAWA |
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OLD BOYS ASSOCIATION |
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BALANCE SHEET AS AT 31ST DECEMBER 2006 |
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31.12.2006 |
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31.12.2005 |
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Note |
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Rs. |
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Rs. |
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CURRENT ASSETS |
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Dr. Hayman - Canon Foster Memorial Museum |
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122,510.62 |
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122,511 |
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College Website |
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12,000.00 |
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12,000 |
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Other Debtors |
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2 |
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109,416.00 |
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86,500 |
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Investments |
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3 |
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901,555.38 |
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846,746 |
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Cash and Bank Balances |
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4 |
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268,619.19 |
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92,045 |
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Banner |
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6,723.00 |
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6,723 |
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Total Assets |
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1,420,824.19 |
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1,166,525 |
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Funds |
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Accumulated Fund |
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5 |
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250,559.06 |
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255,605 |
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Canon A.J. Foster Scholarship Fund |
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172,808.00 |
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151,350 |
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Dr. R.L. Hayman Scholarship Fund |
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171,458.00 |
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150,000 |
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Development Fund |
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6 |
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451,358.13 |
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282,969 |
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A.K. Chapman Scholarship Fund |
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374,641.00 |
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326,600 |
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Total Funds |
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1,420,824.19 |
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1,166,525 |
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.........................…… |
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.................…… |
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President |
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Treasurer |
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.................… |
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.................… |
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Date :07th February 2007 |
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Date :07th February 2007 |
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0.00 |
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0.00 |
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31.12.2006 |
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31.12.2005 |
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Rs. |
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Rs. |
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2. |
OTHER DEBTORS |
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Interest Receivable - NSB F.D. No. - 26988 |
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22,916.00 |
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0 |
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Dinner Dance |
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32,500.00 |
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32,500 |
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Sundry Debtors |
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54,000.00 |
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54,000 |
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109,416.00 |
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86,500 |
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3. |
INVESTMENTS |
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National Savings Bank Fixed Deposit No - 29680 |
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377,141.00 |
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329,100 |
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No - 26988 |
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250,000.00 |
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250,000 |
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Standard Chartered Grindlays Bank - Call Deposit |
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274,414.38 |
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267,646 |
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901,555.38 |
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846,746 |
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4. |
CASH AND BANK BALANCES |
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Standard Chartered Grindlays Bank - Current A/C |
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A/C No. 01-1005359-01 |
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268,619.19 |
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92,045 |
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268,619.19 |
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92,045 |
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5. |
ACCUMULATED FUND |
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Balance at the beginning of the year |
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255,605.43 |
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237,493 |
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Add: Excess of Income over Expenditure |
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-5,046.37 |
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18,112 |
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Balance at the end of the year |
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250,559.06 |
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255,605 |
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6. |
DEVELOPMENT FUND |
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Development Fund |
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451,358.13 |
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531,347 |
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Farm Development Fund |
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0.00 |
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-248,377 |
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451,358.13 |
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282,969 |
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