2013

Documentation

Statement of Financial Position

Assets

Current Assets
Cash: 
38,205
Accounts Receivable: 
11,535
Prepaid expenses and deposits: 
1,742
Total current assets: 
51,482
Capital
Fixed Assets at Cost: 
866,142
Accumulated Amortisation: 
-212,765
Total capital: 
653,377
Total assets: 
704,859

Liabilities

Current Liabilities
Accounts payable and accrued charges: 
3,421
Short term loans: 
0
Deferred revenue: 
20,489
Loans from predecessor trustees: 
70
Demand loan: 
0
Current portion of long-term debt: 
13,576
Total current liabilities: 
37,556
Long-term liabilities
Long Term Debt: 
364,985
Deferred Contributions Related to Capital Assets: 
139,306
Total liabilities: 
541,847

Net Assets

Net Assets invested in capital assets: 
135,510
Unrestricted net assets: 
27,502

Statement of Changes in Net Assets

Balance, Beginning of Year: 
141,017
Excess of revenue over expenses: 
21,995
Balance, End of Year: 
163,012

Statement of Operations

Revenue
Amortization of deferred contributions: 
5,877
Bad debt recovery: 
0
Contributions & Grants: 
21,315
Eastern elevator settlement: 
0
Interest income: 
174
Journal of Undergraduate Studies at Trent: 
360
Library and archive: 
788
Student memberships: 
153,550
Special events (net): 
2,656
Rental income: 
37,106
Workshop fees: 
0
Total Revenue: 
221,826
Expenses
Advertising and promotion: 
314
Amortization: 
21,443
Bank charges and interest: 
145
Bad debts: 
540
Hospitality and reception: 
95
Insurance: 
8,904
Journal of Undergraduate studies at Trent: 
360
Library and archives: 
3,282
Long-term interest: 
28,469
Municipal taxes: 
7,815
Office and general: 
3,652
Professional fees: 
5,082
Repairs and maintenance: 
31,933
Taxes and licenses: 
265
Telephone: 
2,021
Utilities: 
12,944
Total Expenses: 
199,831
Excess of Revenue over Expenses: 
21,995