TURNBULL CLAN ASSOCIATION, INC

STATEMENT OF ACTIVITIES, 01/01/2004 - 12/31/2004         

                                                                        YEAR ENDED                                       

                                                                       12/31/04                                 %            

CASH BEGINNING BALANCE                                            $              5,123.96                               

REVENUES                                                                                                  

Renewals                                                          $              3,650.00                59.3%      

Interest                                                              $                   23.66               0.4%        

Contributions                                                     $               2,476.84               40.3%      

Total Income                                                    $               6,150.50               100.0%     

EXPENSES                                                                                                  

Semi-fixed Expenses                                                                                  

Bank Fees                                                         $                187.80                 3.1%        

Canadian Exchange                                           $                  12.52                0.2%        

Legal Expenses                                                 $                  20.00                0.3%        

Scottish Org. Membership                                  $                  25.00                0.4%        

Website                                                            $                  94.90                1.5%        

Advertising                                                         $                150.00                 2.4%        

Stationery & Misc- General                                 $              1,173.32                19.1%      

Postage -General                                               $                 478.71                7.8%        

                                                                        $              2,142.25                34.8%      

Game & Tent Expenses                                                                               

Tent Expenses (Banners)                                    $                460.00                 7.5%        

Game Expenses                                                $                315.00                 5.1%        

Brochures                                                          $                       -                                 

                                                                        $                775.00                 12.6%      

Bullseye & Clan Prints Expenses                                                                

Printing                                                             $                250.75                 4.1%        

Stationery and Misc.                                          $                  58.83                1.0%        

Postage                                                            $                575.94                 9.4%        

                                                                        $                885.52                 14.4%      

Total Expenses                                                $              3,802.77                61.8%      

Cash Ending Balance                                       $              7,471.69                               

Notes:                                                                                                           

Restricted Funds Balances are contributions limited by the donor to special uses as indicated.

Restricted Funds Balances 12/31/04                                                            

Coat of Arms Project                                         $              2,500.00                               

Genealogical Projects                                        $                220.00                                

Website                                                           $                  50.00                               

Tent Expenses                                                  $                460.00                                

Total Restricted Funds                                     $              3,230.00

If anyone has any questions, please contact the Treasurer, by email or letter.