2012

Documentation

Notes: 
Prior to 2013, Library & Archives were considered part of Office and administration. The numbers below reflect the restatement of these expenses as reflected in the Financial Review for the Year Ending 31 August 2013.

Statement of Financial Position

Assets

Current Assets
Cash: 
32,227
Accounts Receivable: 
6,406
Prepaid expenses and deposits: 
1,742
Total current assets: 
40,375
Capital
Fixed Assets at Cost: 
833,379
Accumulated Amortisation: 
-191,322
Total capital: 
642,057
Total assets: 
682,432

Liabilities

Current Liabilities
Accounts payable and accrued charges: 
4,988
Short term loans: 
0
Deferred revenue: 
0
Loans from predecessor trustees: 
70
Current portion of long-term debt: 
12,612
Total current liabilities: 
17,670
Long-term liabilities
Long Term Debt: 
378,561
Deferred Contributions Related to Capital Assets: 
145,184
Total liabilities: 
541,415

Net Assets

Net Assets invested in capital assets: 
105,700
Unrestricted net assets: 
35,317

Statement of Changes in Net Assets

Balance, Beginning of Year: 
116,289
Excess of revenue over expenses: 
24,728
Balance, End of Year: 
141,017

Statement of Operations

Revenue
Amortization of deferred contributions: 
6,140
Bad debt recovery: 
4,600
Contributions & Grants: 
33,307
Eastern elevator settlement: 
3,000
Interest income: 
274
Journal of Undergraduate Studies at Trent: 
0
Library and archive: 
0
Student memberships: 
149,989
Special events (net): 
1,918
Rental income: 
39,374
Workshop fees: 
106
Total Revenue: 
238,708
Expenses
Advertising and promotion: 
62
Amortization: 
21,141
Bank charges and interest: 
310
Bad debts: 
34
Hospitality and reception: 
246
Insurance: 
10,260
Journal of Undergraduate studies at Trent: 
0
Library and archives: 
20,586
Long-term interest: 
29,379
Municipal taxes: 
7,272
Office and general: 
4,319
Professional fees: 
4,542
Repairs and maintenance: 
34,810
Taxes and licenses: 
550
Telephone: 
2,174
Utilities: 
12,591
Total Expenses: 
213,980
Excess of Revenue over Expenses: 
24,728