ARMY CHILDREN'S HIGH SCHOOL OLD STUDENTS ASSOCIATION (ACHSOSA)

MILITARY CANTONMENT, IKEJA

INCOME AND EXPENDITURE
AS AT 31ST DECEMBER, 2021

INCOME ₦ ₦ ₦

OPENING BANK BALANCE 128,958.66

OPENING CASH BALANCE -

SETS DONATION
"86, "87 & "88 (1ST TRENCH): BANK 550,000.00
"86, "87 & "88 (1ST TRENCH): CASH 200,000.00
"86, "87 & "88 (1ST TRENCH): CASH 230,000.00 980,000.00

2001 SET (1ST TRENCH): BANK 100,000.00

2001 SET (1ST TRENCH): BANK 100,000.00 200,000.00

"91 & "92 SETS: BANK 145,000.00

"95 SET (1ST & 2ND TRENCH): BANK 300,000.00

2000 SET: BANK 50,000.00

"97 SET: BANK 100,000.00

"96 SET: BANK 55,000.00

TOTAL SETS DONATION 1,830,000.00

COMMITTEE DONATION
BUNMI ODULATE 50,000.00
TUBOSUN FOLARIN 20,000.00
TAJUDEEN MONINUOLA AGORO 30,000.00
JUDE OBARO 50,000.00
OLUSEGUN AJALA 20,000.00
IMEH ETIM 40,000.00
GOODLUCK IKPORO 25,000.00
TOTAL COMMITTEE DONATION 235,000.00

INTERNAL DONATION
AYINDE OLUSOLA 5,000.00
OLUSEGUN ABAYOMI 15,000.00
ONAKPOMA SHEDRACK 10,000.00
IYABO OMOJOLA 30,000.00
ABIJAH SOLOMON 20,000.00

TOTAL INTERNAL DONATION 80,000.00

EXTERNAL DONATION
DR. OKONKWO P.I 50,000.00
ABIODUN MOSES 20,000.00

TOTAL EXTERNAL DONATION 70,000.00

T-SHIRT & FEZ CAP

ASAGWARA JOSHUA 3,500.00
NACHE BOBAI JOSIAH 3,500.00
AYINDE OLUSOLA 5,500.00
OYEDUN MUTIU 2,500.00
MATHIAS MOSES 3,500.00
SEGUN AJALA 3,500.00
GOODLUCK IKPORO 7,000.00
ONYINYE IBEZIM 3,500.00
DAVID JIMMY 3,500.00
MOROLAYO OLADIPO 3,500.00
ANONYMOUS 2,000.00
DAMIAN OKOJIE 3,500.00
T-SHIRT & FENZ CAP-CASH 43,000.00

TOTAL T-SHIRT & FEZ CAP 88,000.00

STELLA OBARO (AUCTION SALES) 10,000.00

TOTAL INCOME (A) 2,441,958.66

EXPENDITURE

CAC REGISTRATION - PART PMT: BANK 100,000.00

T-SHIRT & FACE CAP: BANK (Note 1) 178,000.00
PROJECT EXPENSES
RENOVATION OF TOILETS: BANK 150,000.00
COMPLETION OF RENOV. OF TOILETS: CASH 150,000.00
PURCHASE OF WHITE BOARDS: CASH 50,000.00
PURCHASE OF WHITE BOARDS: BANK 350,000.00

TOTAL PROJECT EXPENSES 700,000.00

ANNIVERSARY EXPENSES
CATERING, RENTALS & DÉCOR.-ADV PMT 900,000.00
PRINTING & ENTERP./VOC. TRAINING-CASH 230,000.00
PRINTING & ENTERP./VOC. TRAINING- BANK 200,000.00
ADDITIONAL ANNIVERSARY EXPENSES-BANK 55,000.00

TOTAL ANNIVERSARY EXPENSES 1,385,000.00

TOTAL PROJECT & ANNIV. EXPENSES (Note 2) 2,085,000.00

TOTAL EXPENDITURE (B) 2,363,000.00

CASH AT BANK (A - B) - SURPLUS 78,958.66

CASH ON HAND -
 40TH ANNIVERSARY EXPENSES REPORT
Income Expenses
S/N. Details Amount S/N. Details Amount
1 Cheque 150,000.00 1 Toilet repair Phase 1 128,500.00
2 Cheque 200,000.00 2 Toilet repair Phase 2 88,000.00
3 Cash Transfer 350,000.00 3 Toilet Seat Cover 88,800.00
4 Cash Transfer 900,000.00 4 Purchase of Exotic Mangnetic Board 319,500.00
5 Cash Transfer 430,000.00 5 Dusters - 10 Pcs 8,000.00
6 Cheque 55,000.00 6 Markers - 10 packets 14,000.00
7 Income from sales of Badge 23,000.00 7 Vocational traning expenses 20,100.00
8 Amerian Aauction Sale 17,000.00 8 School Bags & Printing 12 pcs 78,000.00
9 Zobo drink for Day 1 20,000.00
10 Snacks for day 1 25,000.00
11 Water and malt drinks for day 1 2,850.00
12 DJ (Day 1 & 2 events) 60,000.00
13 Printing & Souveniors, Banner & Certificate 222,500.00
14 Printing of Invitation Cards 6,500.00
15 Catering Service & Event Centre 780,000.00
16 Video Coverage(Day 1 & 2 events) 50,000.00
17 MC(Day 1 & 2 events) 20,000.00
18 Provision of Anniversary badge 12,250.00
19 Diesel 10,500.00
20 Ice Blocks(Day 1 & 2 events) 5,000.00
21 Cleaning of the event centre 15,000.00
22 Internet provision for coverage and live transmissio 13,000.00
23 Water - 40 packs @N650 26,000.00
24 Malt - 5 packs @N4400 22,000.00
25 La Zobo - 20 packs @ N2500 50,000.00
26 Minerals - 10 packs N1450 14,500.00
27 Juice - 5 packs @ N5000 25,000.00

Total Credit 2,125,000.00 Total Debit 2,125,000.00

Balance -
Note to the above account.

1. Only the money received from the central pulse are being accounted for in this report. Comprehensive report will be done by the central exco.

2. From the above report, see below summary on projects

-- Magnestic
Toilet projects
BoardJunior & Senior
for Junior (24 only
school rooms)
(9 pcs) inclusive of 305,300
Dusters and Markers. 341,500
- School bags (12pcs) with printing - Award 78,000
- Vocation training consumables (3 courses) 20,100

Additional of N53,000 was spent on project given

Total cost of project 744,900 a total cost of N797,900. See below breakdon.

Meriments 47,850
Grand Total on Project 792,750

3. The report has a deficit balance of N70,750 as detailed below but borned by some members
From the defict below, the sum of N53,000 was spent on Project while the balance of N17,750 was on events.
- Additional cost to the Magnetic board purchased 13,500
- Additional cost on the toilet projects 35,000
- Transportation charges on the Mag. Board. 15,000
- Subsidised cost of drinks - Day 1. 1,750
- Subsidised cost of Iced Block 1,000
- Cost of gift bags, transportation & others (Part) 4,500
Total additional cost 70,750
4. Based on the above, the total amount expended on other events (Get-together) for the anniversary N1,332,250 which covers
everything as detailed in the report above (non-shaded portion) of the debit part.
40TH YEAR ANNIVERSARY T-SHIRTS & FEZ CAPS SALES REPORT
₦ ₦
PROJECTED PROCEEDS ANALYSIS
Cost Price - (5 Dozens @ ₦35,600 per Dozen) 178,000.00
T-Shirts 20,000.00
Fez Caps 6,000.00
Printing 9,600.00
35,600.00

Estimated Gain
Projected Sales: 5 Dozens = 60 Pairs @ ₦3,500 a Pair 210,000.00
Less: Cost Price (178,000.00) 32,000.00

PROJECTED PROCCED 210,000.00

ACTUAL ANALYSIS
ACTUAL SALES (31 PAIRS + ₦2,000)
Bank Lodgement 88,000.00
Cash On Hand Expended (See Note Below) 22,500.00 110,500.00

GIFT & PR (17 PAIRS)

Staff of 9Brigade & Officers Mess (10 Pairs) 35,000.00
Sataff of Junior and senior School & Old Teacher (7 Pai 24,500.00 59,500.00

WORK - IN - PROGRESS (To be Recouped and Refunded) 40,000.00

TOTAL 210,000.00

NOTE:
ANALYSIS OF CASH ON HAND EXPENDED
₦
Anniversry Expenses (Gift Bags) 10,500.00

Payment for Meeting Space at Ikeja

(Excos 7 Planning Committee) 7,000.00

Transport & Logistics

(For T-Shirts & Fez Caps Handler/RSM) 5,000.00
22,500.00