Dear All
This is a summary financial report of the reunion activities. It is in two parts, the donation exercise and expenses for the dinner.
Part I Donation
We have passed on a cheque for HKD550,000 to the School and received a formal acknowledgement from the Principal. Please see attached. The account at HSBC has been closed. If the donor requested anonymity, we have complied and we only have one such case. None of the others did so. On the other hand if you wish to obtain a formal receipt from the School for tax reduction, please let us know by the end of the year, otherwise we shall treat the matter as closed.
According to our record, this is the situation.
Bertram Hui $78,000 (US$10,000)
John Liu Wai Tze $10,000
Anonymous $50,000
NK Tsien $20,000
Jerry Chung $50,000
Francis Ho $50,000
Kenny Ip $20,000
Patrick Leung $50,000
Marcellin Shi $5,000
William Wong $10,000
Charles Wong $78,000
Lawrence Heung $10,000
Francis Cheung $5,000
Peter Lee $5,000
Dicky Yip $80,000
Andrew Lee $10,000
John Ying $10,000
The total comes to $541,000 or $540,148.95 to be exact
Part II Reunion Dinner
We booked for 36 heads of which five were invited guests. Total bill of American Club came to $26,500 for 36 buffet dinners, corkage, additional drinks and $320 for tips. Other expenses were banners $305, souvenir mugs $2,870 and their transport $195 to the Club. The photography was quoted for $500 and it turned out to be $1,500 or $500 per hour, a misunderstanding on the part of Charles Wong and he covered for it from his own pocket. So total expenses was $30,370 with photography staying at $500. There were 29 who paid up for the dinner yielding a total income of $29,000, so there was a shortfall of $1,370. Copies of such invoices are available on requests.
Balancing
So we have a shortfall of $11,221.05 ($9852.05 from donation and $1,370 from dinner) from Part I and II, it was decided that Jason, Jerry and Charles would each cover for $2,500 while Dicky has generously covered the remaining $3,721.05.
This concludes the summary report. We are happy to entertain questions and requests for soft copy of the bank statements or other records.
Organising Committee
Jason Siu, Jerry Chung, Dicky Yip, Charles Wong