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HARTLEY COLLEGE PAST PUPILS ASSOCIATION INC NEW SOUTH WALES, AUSTRALIA

NOTES TO THE FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2008

1.

Hartley College Past Pupils Association Inc

Hartley College Past Pupils Association Inc (Inc 9886632) New South Wales is a not for profit incorporated association functioning primarily in Sydney, New South Wales, Australia for the matters of concernment in relation to Hartley College, Point Pedro. Membership is restricted to past pupils and staff of the college. The books and records are retained by the secretary and treasurer of the association.

2.

Financial Report

This is a special purpose financial report prepared on an accrual basis. It does not comply with all Australian Accounting Standards. The financial report is prepared for the use of the members and for the purpose of providing the committee with financial information relevant to the function and obligations of the Association.

  • 3.

    Summary of Significant Accounting Policies

    • a)

      Hartley College Past Pupils Association Inc is a reporting entity and the financial report is prepared on a going concern basis.

  • b)

    Revenue is recognised on cash basis except for bank interest.

  • c)

    Life membership is $100 and annual subscription is $10.00 per annum. Subscription received by the membership during the year is accounted as income. Unpaid subscription is not recognised as receivable.

d)

Non cash and volunteer contributions are not recognised as they cannot be reliably measured.

e)

Payable represents accruals for printing costs

Ticket contributions

2,720

Advertising

1,060

Donations

-

Raffle

185

HARTLEY COLLEGE PAST PUPILS ASSOCIATION INC NEW SOUTH WALES, AUSTRALIA

Catering

1,935

Beverages

162

Hall Hire

750

Public address system

100

Garland, bouquet and trophies

35

Raffle

-

Artist

50

Other

182

TOTAL EXPENSES

3,214

NOTES TO THE FINANCIAL REPORT FOR THE YEAR ENDED 30 JUNE 2008

2008 $

TOTAL RECEIPTS

3,965

Donations

550

Annual donations by Sponsors for prizes

-

Total

550

4.

Annual Dinner Receipts and Expenses

751

2008 $

SURPLUS/(DEFICIT)

5.

Donations

2007 $

2,374 560 100 180

3,214

1,800 131 977 112 154 - 300 98 3,572

(358)

2007 $

260 - 260

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