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Hanoi May 21, 2009
Members of the Hanoi International Women’s Club
The financial statement represents the operation of the Hanoi
International Women’s Club for the 18 month period from July 1
2007 to
December 31, 2008. The activities are reported for a period of
eighteen months as a result of a change in the year end of the
club to December 31 of each year. There are no comparative
results from previous periods.
The notes to the financial statement form an integral part of
the report.
Duly submitted
NINGNING GUEST
Treasurer
HANOI INTERNATIONAL WOMEN’S CLUB
BALANCE SHEET
As of December 31, 2008
|
ASSETS |
|
|
|
|
|
|
|
July 01-07 |
|
|
|
|
Dec 31-08 |
|
Cash |
|
|
USD |
|
USD -ANZ Bank |
Note 1 |
|
$9,446 |
|
VND - ANZ Bank |
|
|
$58,636 |
|
USD Cash |
|
|
$242 |
|
VND Cash |
|
|
$134 |
|
Term Deposits |
Note 2 |
|
$150,000 |
|
|
|
|
|
|
Total Cash |
|
|
$218,458 |
|
Receivable Floats
|
|
|
$381 |
|
Promotional Items |
|
|
$0 |
|
|
|
|
|
|
TOTAL ASSETS |
|
|
$218,839 |
|
|
|
|
|
|
LIABILITIES |
|
|
|
|
|
|
|
|
|
Members equity |
|
|
|
|
Shares |
Note 5 |
|
$0 |
|
Retained Earnings: Club |
Note 6 |
|
|
|
Opening |
|
$33,938 |
|
|
Revenue |
|
$64,547 |
|
|
less Expenses
|
|
$48,648 |
$49,837 |
|
Retained Earnings: CAC |
Note 7 |
|
|
|
Opening |
|
$50,478 |
|
|
Revenue |
|
$266,272 |
|
|
less Expenses
|
|
$154,105 |
$162,645 |
|
Retained Earnings: CPE
|
Note 8 |
|
|
|
Opening |
|
$14,287 |
|
|
Revenue |
|
$51,515 |
|
|
less Expenses
|
|
$59,445 |
$6,357 |
|
|
|
|
|
|
TOTAL LIABILITIES |
|
|
$218,839 |
HANOI INTERNATIONAL WOMEN’S CLUB
INCOME STATEMENT
For the 18 months ending December 31, 2008
|
REVENUE |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
General donations Club |
|
|
$19,719 |
|
CPE Donations |
|
|
$51,515 |
|
Special events |
|
|
$2,174 |
|
Coffee Morning
|
|
|
$166 |
|
Luncheons |
|
|
$4,895 |
|
Memberships |
|
|
$17,652 |
|
Special events |
|
|
$0 |
|
Publications |
|
|
$29,661 |
|
LN adds |
|
|
$10,751 |
|
Website Adds |
|
|
$3,006 |
|
Bazaar |
Note 7 |
|
$233,026 |
|
Interest Income
|
|
|
$9,769 |
|
Miscellaneous |
|
|
$0 |
|
Total |
|
|
$382,334 |
|
|
|
|
|
|
|
|
|
|
|
EXPENSES |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
C.A.C. |
Note 8 |
|
$154,105 |
|
C.P.E |
|
|
$59,445 |
|
Special Event Bingo |
|
|
$0 |
|
Coffee morning |
|
|
$49 |
|
Luncheons |
|
|
$4,391 |
|
Memberships |
|
|
$3,093 |
|
Special Event General |
|
|
$4,556 |
|
Publications |
|
|
$17,545 |
|
LN Products |
|
|
$7,486 |
|
Website fees |
|
|
$696 |
|
Bank Fees |
|
|
$4,852 |
|
Bazaar |
|
|
$5,943 |
|
Miscellaneous |
|
|
$37 |
|
Total |
|
|
$262,198 |
|
|
|
|
|
|
TOTAL
Income |
|
|
$ 120,136 |
The Hanoi International Women’s Club HIWC
The
Hanoi International Women's Club (HIWC) is a non-profit group
whose membership is open to all expatriate women living in
Vietnam. Expatriate men can join as Associate members. The
membership year runs from September through August
Formed
by a group of 30 Diplomatic ladies in 1986, the HIWC has today
evolved into a dynamic entity with an average annual membership
of 400 women from approximately 56 countries.
The
objectives of the HIWC are to promote the development of social,
charitable and cultural activities among its members, the Hanoi
based expatriate community, and the people of Vietnam; and to
provide a forum for expatriate women to identify and discuss
issues of common interest regarding their personal and
professional lives in Vietnam.
Notes to the Financial Statement
Note 1: Funds are held in two currencies, US Dollars and
Vietnamese Dong. For the purpose of presentation the Vietnamese
Dong account is presented in US dollars at an exchange rate of
16000VND to 1USD
Note 2: Term Deposits are held in a variety of maturities. They
are also held in Vietnamese Dong and presented in USD for
consistency of presentation.
Note 3: The club does not issue membership shares. Membership
operates on an annual fee basis from September to August of each
year.
Note 4: The retained earnings – Club- represents the activities
of the club portion of the HIWC.
Note 5: The retained earning – CAC - represents the revenue from
the Bazaar and the financing of community aid projects. The
Community Aid Committee CAC is funded exclusively from the
proceeds of the Bazaar. The funds are used to finance community
aid projects which aim to improve the lives of disadvantage
women children, and small communities in Hanoi.
Note 6: The retained earning – CPE - represents the fundraising
and medical coverage activities undertaken by the Cleft Palate
and eye operation group. The HIWC is custodian of the Cleft
Palate and Eye operation fund (CPE).
Note 7: Net Bazaar fundraising revenues are for the exclusive
use of the Community Aid Committee CAC
Note 8: This amount represents the total community aid project
financed by the CAC during the period.
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