2015

Documentation

Statement of Financial Position

Assets

Current Assets
Cash: 
64,859
Accounts Receivable: 
5,519
Prepaid expenses and deposits: 
6,985
Total current assets: 
77,363
Capital
Fixed Assets at Cost: 
888,487
Accumulated Amortisation: 
253,763
Total capital: 
634,724
Total assets: 
712,087

Liabilities

Current Liabilities
Accounts payable and accrued charges: 
7,508
Short term loans: 
0
Deferred revenue: 
33,214
Loans from predecessor trustees: 
70
Demand loan: 
345 354
Current portion of long-term debt: 
0
Total current liabilities: 
386,146
Long-term liabilities
Long Term Debt: 
0
Deferred Contributions Related to Capital Assets: 
128,286
Total liabilities: 
514,432

Net Assets

Net Assets invested in capital assets: 
157,954
Unrestricted net assets: 
39,701

Statement of Changes in Net Assets

Balance, Beginning of Year: 
170,803
Excess of revenue over expenses: 
26,852
Balance, End of Year: 
197,655

Statement of Operations

Revenue
Amortization of deferred contributions: 
5,392
Bad debt recovery: 
0
Contributions & Grants: 
18,229
Eastern elevator settlement: 
0
Fundraising: 
1 568
Interest income: 
301
Journal of Undergraduate Studies at Trent: 
12,024
Library and archive: 
2,391
Student memberships: 
162,587
Special events (net): 
1,908
Rental income: 
37,704
Workshop fees: 
0
Total Revenue: 
242,104
Expenses
Advertising and promotion: 
416
Amortization: 
20,245
Anniversary events: 
175
Bank charges and interest: 
1,703
Bad debts: 
530
Fundraising expense: 
0
Hospitality and reception: 
483
Insurance: 
7,118
Journal of Undergraduate studies at Trent: 
12,024
Library and archives: 
3,869
Long-term interest: 
13,815
Municipal taxes: 
8,361
Office and general: 
6,804
Professional fees: 
7,541
Repairs and maintenance: 
23,969
Taxes and licenses: 
550
Telephone: 
2,666
Utilities: 
18,412
Total Expenses: 
215,252
Excess of Revenue over Expenses: 
26,852