ASCP Annual Report 2022

Financial Statements for the Year Ended December 31, 2022, Together with Statement by Committee and Independent Auditor’s Review Report.

Fiscal results: During the year the Incorporated Entity continued to pursue its objectives actively. The operations for the year ended December 31, 2022 resulted in total income of $249,709. Expenditure for the Incorporated Entity for the period was $211,873. Where required, the executive approved extraordinary budget items over the period. The Incorporated Entity recorded an operating surplus on member’s funds of $37,836 for the year ended December 31, 2022. The total accumulated funds or members’ equity as at the end of 2022 is $255,872.

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