BONABOTO EDUCATION ASSISTANCE FUND
FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2005
INCOME AND EXPENDITURE ACCOUNT
				NOTES	2004		2005
INCOME
Donations					6,755,250		56,176,750
Sale of T/shirts					4,200,000		6,930,000
Profit from dinner dance				1	450,000		1,030,000
Silver Collections(dinner Dance -Bolga)				2	0		792,000
Investment Income				3	8,220,000		8,112,500
					19,625,250		73,041,250
Less: EXPENDITURE
Purchase of Union Regalia					7,000,000	0
Bank Charges					676,500	1,082,500
Payment of allowances to Beaf assistant				4	0	1,800,000
Total Expenditure					7,676,500		2,882,500
Excess Income over Expenditure					11,948,750		70,158,750
BALANCE SHEET AS AT 31 DECEMBER,2005
INVESTMENT				5	60,000,000		100,000,000
CURRENT ASSETS
Stock					8,925,000		5,200,000
Debtors					3,460,000		0
Bank Balance					3,826,750		41,369,575
Cash on hand					5,295,000		5,095,925
					21,506,750		51,665,500
LESS CURRENT LIABILITIES					0		0
NETWORTH					21,506,750		51,665,500
					81,506,750		151,665,500
FINANCED BY:
ACCUMULATED FUND					69,558,000		81,506,750
ADD; EXCESS INCOME OVER EXPENDITURE					11,948,750		70,158,750
					81,506,750		151,665,500
BONABOTO EDUCATION ASSISTANCE FUND
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR
ENDED 31ST DECEMBER 2005
1)	This represents excess income from Dinner Dance organised at the end of the
	2004 Congress  at the Catholic Social Centre.
2)	This is the total amount realised at the Dinner Dance from Silver collections.
3)	This is the total of income realised from Treasury Bill Investments.
4)	This is an expenditure spent on an assistant recruited by Management Committee
	to follow up pledges for three months during the year under review.
5)	This is the sum total of Investments in Treasury Bills made during the year under review.
These notes are an integral part of the Financial Statement and should read as such.
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