EXPENDITURE

Annual journal and other publications 100,000

Less: Income from sales....... 21,715

PURCHASES OF BOOKS 82,000

OVERHEAD EXPENSES

14,310 78,285

67,690 14,917

11,872

Assistant secretary's salary...... 90,000

97,500

Bank charges .629 454

Depreciation 1,727

Postage. 14,244 15,621

Printing and photocopying 17,283 15,573

Removal expenses 7,450

Other 3,551 3,252

133,157 134,127 226,359 213,689

TOTAL EXPENDITURE......................................

NET (DEFICIT) FOR THE YEAR (48,464) (39,657)

ACCUMULATED FUNDS BROUGHT FORWARD.

ACCUMULATED FUNDS CARRIED FORWARD XIX

504,879 544,536 456,415 504,879
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