INCOME STATEMENTS

(for years ending August 31)

2006 2005
REVENUES
Tuition Fees
London Youth Symphony 16,800.00 -
Young Strings 6,670.00 -
23,470.00 -

GRANTS, SPONSORHIP AND DONATIONS
Trillium Foundation - -
London Arts Council Grant - 12,000.00
Corporate Sponsors 5,000.00 5,000.00
LYS Musician Family Donations 700.00 700.00
5,700.00 17,700.00

FUNDRAISING
Bingo Revenue 5,958.00 7,447.00
Other Fundraiser 800.00
5,958.00 8,247.00

PERFORMANCE PROCEEDS
LYS Concert Ticket Sales 6,476.00 6,476.00
LYS Paid Performance 5,740.00 5,740.00
YS Door Donations 413.00 220.00
12,629.00 12,436.00

INTEREST 17 17
TOTAL REVENUES 47,757.00 38,400.00




2006 2005
EXPENSES
Honoraria
LYS Musical Directors 12,528.00 12,528.00
Manager 6,000.00 6,000.00
YS Conductor 4,500.00 4,500.00
LYS Sectonal Coaches 1,550.00 1,550.00
LYS Music Librarian 1,000.00 1,000.00
Program Designer -
25,578.00 25,578.00

Performance Expenses
Hall & Equipment Rental 2,850.00 2,850.00
Hired Musicians - -
Out-of-Town Facility 400.00 400.00
Finders Fee 325.00 325.00
Souvenirs Programs 1,389.00 1,389.00
Photography and Flowers 703.00 703.00

Dress Rehearsals Pizza Supper
669.00 666.00
LYS Reception 201.00 201.00
Posters and Tickets 191.00 191.00
6,725.00 6,725.00

Insturments
English Horn 1,517.00
Instrument Damage -
Clarinet -
Timpani Mallets -
Bow for Double Bass -
1,517.00

Fundraising Expenses
Bingo Hall Rental and Expenses 2,872.00 2,872.00
Bingo Licence Fee 900.00 900.00
Other Fundraising Expenses 565.00
4,337.00 3,772.00

Uniform Expenses

LYS

1,200.00 1,200.00
YS 1,200.00 1,200.00
2,400.00 2,400.00

Insurance (Aon Reeed Stenhouse Inc.) 3,019.00 2,931.00

General and Administrative Expenses
Telephone 480.00 -20.00
Website - -
Advertising 200.00 200.00
Photocopying 167.00 167.00
Office Supplies 473.00 473.00
Postage 465.00 465.00
Post Office Box Rental 175.00 175.00
Software - -
Bank Charges and Cheques - -
1,960.00 1,460.00

Music
Music Purchases 1,468.00 1,468.00
Printing 325.00 325.00
Recording Expenses - -
1,793.00 1,793.00

Musicians Workshops
Annual Dues, Licences and Membership
Licences (SOCAN) 285.00 285.00
Orchestra Canada 93.00 93.00
London Arts Council 50.00 50.00
428.00 428.00

Accountant - 500.00

Total Expenses 47,757.00 45,587.00

Net Income/(Loss) - (7,187.00)