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Takaaful T&T Friendly Society 18th AGM Brochure 31
TAKAAFUL T & T
INCOME AND EPENDITURE ACCOUNT- GENERAL FUND
FOR THE YEAR ENDED 31ST DECEMBER, 2015
2015 2014
INCOME 3,300 2,200
Annual General Meeting 1,345 -
Audit Fees - Refund
Dinner 5,759 -
Management Fees (FBS) 5,342 4,806
Management Fees (IF) 396,865 364,762
Membership Fees 23,340 21,301
Sale of Sheep - Surplus 22,621 28,375
458,572 421,444
EXPENSES
13,800 16,300
Accounting Fees 4,500 8,219
A d v ertis in g 23,078 19,655
Annual General Meeting 8,000
Audit Fees 1,618 500
Bank Charges 1,480
Computerization/MIS - 3,737
Conferences 915
Depreciation 3,006 -
Education & Marketing 12,958 1,946
Entertainment 7,293 7,199
FBS Grant 6,815
Family Day 15,000
In s u ran ce 12,000
Manager Allowance 7,729
Membership Fees - ICMIF/AREA 3,180 -
Printing,Postage & Stationery 300,000 3,180
Professional Fees 3,363 240,000
Web Site 7,950 4,274
18,425 8,603
3,544 10,300
434,359 6,689
350,897
NET SURPLUS 24,214 70,547
To Reserve Fund - 10% (2,421) (7,055)
To Education Fund - 5% (1,211) (3,528)
Capital at start (189,334) (249,298)
CAPITAL AT END $ (168,752) $ (189,334)
The notes and schedules on pages 7 to 11 form part of this financial statement.
