THE HONG KONG ASSOCIATION
(Limited by Guarantee)
Balance Sheet
31st December 1990
1990
1989
Current Assets
Sundry debtors
Cash at bank
14,893
6,439
540
2,121
14,353
8,560
THE HONG KONG ASSOCIATION
(Limited by Guarantee)
Income and Expenditure Account
Subscriptions receivable Administrative costs
Operating deficit
Other income
Year ended 31st December 1990
1990
1989
22,175
13,275
22,540
21,046
(365)
(7,771)
10,384
9,019
Creditors
Amounts falling due within one year
2,013
5,766
Net Current Assets
Surplus on ordinary activities
10,019
1,248
£12,340
£2,794
Taxation
(473)
Surplus on ordinary activities after taxation
£9,546
£1,248
Representing:
Reserve
Accumulated Fund
Balance at 1st January
Surplus for year
H. N. L. KESWICK, Chairman
G. M. WILLIAMSON, Hon. Treasurer
16
2,794
9,546
1,546 1,248
£12,340
£2,794
Report of the Auditors to the members of the Hong Kong Association
(Limited by Guarantee)
We have audited the financial statements set out on pages 16 and 17 in accordance with approved Auditing Standards.
In our opinion, the financial statements, which have been prepared under the historical cost convention, give a true and fair view of the state of the Association's affairs at 31st December 1990 and of its surplus for the year ended on that date and comply with the Companies Act 1985.
8-9 Lambton Place
London, W11 2SH
KEITH, VAUDREY & CO. Chartered Accountants
17
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