Financials

Kenton on Sea Ratepayers Association

KOSRA is required to prepare a financial statement, in conformity with generally accepted accounting practice, for submission to its members at the AGM. The financial year runs from 1 November in any year to 31 October the following year.

KOSRA Financial Report 8 August 2020

KOSRA INCOME STATEMENT
INCOME
BUDGET
ACTUAL
VARIANCE + (-)
Subscriptions and donations 160 000 95 800 (64 200)
Interest income 12 000 11 608 ( 392)
Deficit for the period 54 647
TOTAL 172 000 162 055
EXPENSES
Legal Fund 100 000 6 897 93 103
Recycling 100 000 38 762 61 238
Fibre Optic Cable 50 000 50 000
Ekphumleni Support 50 000 50 000
Invasive Vegitation 50 000 32 000 18 000
Path Clearing (Busy Bee) 36 000 11 495 24 505
Wildlife Protection 20 000 40 19 960
Tree Planting 20 000 20 000
Web Page and Facebook maintenance and development 20 000 21 775 (1 775)
Middle Beach Braais 20 000 20 000
GIS set up 12 000 17 000 (5 000)
Beach Cleaning 6 000 220 5 780
Dog poo bags and signs 8 000 8 000
AGM Hall hire and refreshmants 3 000 3 000
Water testing 3 599 (3 599)
Road repair 5 043 (5 043)
Sundry operating expenses 5 224 (5 224)
TOTAL 495 000 162 055 332 945
BANK ACCOUNT
Opening Balance 01/11/19 133 405
Deficit for period (54 647)
Closing balance 08/08 /20 78 758
SECURITY INCOME STATEMENT
INCOME
BUDGET
ACTUAL
VARIANCE + (-)
Contributions 250 000 167 659 (82 341)
Deficit for the period 50 000 64 765
300 000 232 424
EXPENSES
Hi-Tec Security 300 000 232 424
BANK ACCOUNT
Opening Blance 01/11/2019 137 536
Deficit for period (64 765)
Balance 30/04/2020 72 771
COVID-19 INCOME STATEMENT
INCOME
Donations received 617 685
EXPENSES
Food Distribuution 465 300
Expenses 32 629
Recent: Includes R10k paid to Rotary for “Coastal Kindness”
Surplus unspent 119 756
TOTAL BANK BALANCES AT 8/08/2020
KOSRA 78 758
SECURITY 72 771
COVID 119 756
STANLIB 223 714
TOTAL 494 999