2014

Documentation

Statement of Financial Position

Assets

Current Assets
Cash: 
61,835
Accounts Receivable: 
10,455
Prepaid expenses and deposits: 
1,874
Total current assets: 
74,164
Capital
Fixed Assets at Cost: 
866,142
Accumulated Amortisation: 
-233,518
Total capital: 
632,624
Total assets: 
706,788

Liabilities

Current Liabilities
Accounts payable and accrued charges: 
6,524
Short term loans: 
0
Deferred revenue: 
31,713
Loans from predecessor trustees: 
70
Demand loan: 
364 000
Current portion of long-term debt: 
0
Total current liabilities: 
402,307
Long-term liabilities
Long Term Debt: 
0
Deferred Contributions Related to Capital Assets: 
133,678
Total liabilities: 
535,985

Net Assets

Net Assets invested in capital assets: 
134,946
Unrestricted net assets: 
35,857

Statement of Changes in Net Assets

Balance, Beginning of Year: 
163,012
Excess of revenue over expenses: 
7,791
Balance, End of Year: 
170,803

Statement of Operations

Revenue
Amortization of deferred contributions: 
5,628
Bad debt recovery: 
0
Contributions & Grants: 
19,649
Eastern elevator settlement: 
0
Fundraising: 
549
Interest income: 
592
Journal of Undergraduate Studies at Trent: 
1,925
Library and archive: 
302
Student memberships: 
157,623
Special events (net): 
2,995
Rental income: 
37,309
Workshop fees: 
27
Total Revenue: 
226,599
Expenses
Advertising and promotion: 
300
Amortization: 
20,753
Anniversary events: 
5 938
Bank charges and interest: 
1,808
Bad debts: 
-38
Fundraising expense: 
1 960
Hospitality and reception: 
203
Insurance: 
8,365
Journal of Undergraduate studies at Trent: 
1,925
Library and archives: 
1,076
Long-term interest: 
22,996
Municipal taxes: 
7,949
Office and general: 
7,048
Professional fees: 
5,251
Repairs and maintenance: 
37,180
Taxes and licenses: 
200
Telephone: 
2,360
Utilities: 
15,978
Total Expenses: 
218,808
Excess of Revenue over Expenses: 
7,791