Regulations > Schedules > First Schedule

.........................................................Society

BALANCE SHEET AS AT 31st December 19.....

		(N.B. — The attention of societies carrying on business which is subject to actuarial scrutiny as well as business which is not so subject is directed to regulation 16).
LIABILITIES		ASSETS
1.	Accumulated Funds (1) :—	1.	Fixed property (at cost)
	(a) Medical		less depreciation
	(b) Sick pay
	(c) Death
	(d) Funeral	2.	Properties in possession
	(e) Other (2)
		3.	Furniture and equipment (at cost)
			less depreciation


2.	Capital	4.	Investments:—
			(a) Deposits and Savings Accounts
3.	Guarantee deposits		(b) Government, municipal and other stocks
			(c) Shares
			(d) Units in Unit Trust
4.	Reserves (specify)		Schemes
			(e) Loans
			(f) Debentures
			(g) Other (specify)

5.	Provisions for unpaid claims (received as well as unintimated)
	Balance of previous provisions	5.	Sundry debtors:—
	Plus additional provision		(a) Arrear contributions
			(b) Interests accrued
			(c) Dividends receivable
6.	Other provisions (specify)		(d) Owing by members in respect of benefits
			(e) Other

		6.	Payments in advance
7.	Sundry creditors:—
	(a) Contributions received in advance .....................	7.	Cash:—
	(b) Other (specify)		(a) On hand
			(b) In bank


8.	Other liabilities (specify)	8.	Other assets (specify)

REPORT BY AUDITOR(S).

I/We have examined the accompanying balance sheet and revenue account which, in my/our opinion, are properly drawn up so as to exhibit a true and fair view of the financial position of the Society as at 31st December, 19____, and of its revenue and expenditure for the year ended on that date. I/We certify that the rules of the Society with regard to fidelity cover have been complied with and that according to the information and explanations given to me/us and as shown in the books and records of the Society, the loans granted were granted in accordance with the provisions of the Friendly Societies Act, 1956, and the rules of the Society.

Signature

NOTES —

(1)	Should show the position after allocation of the surplus or deficit in the revenue account.

(2)	Where separate fund accounts are not maintained the accumulated funds should be shown against this item.

N.B.—

Where the amounts shown in the balance sheet include liabilities or assets outside the Republic particulars of such liabilities or assets should be furnished by way of a footnote.

Friendly Societies Act, 1956 (Act No. 25 of 1956)

Regulations

Schedules

First Schedule

Statement C