HomeMy WebLinkAboutEnv - 2012-10-18 - Groundwater Festival Financial Statements 2011WATERLOO WELLINGTON CHILDREN'S GROUNDWATER FESTIVAL
Financial Statements
Year Ended September 30, 2011
(Unaudited - See Notice To Render)
WATERLOO WELLINGTON CHILDREN'S GROUNDWATER FESTIVAL
Index to Financial Statements
Year Ended September 30, 2011
(Unaudited - See Notice To Reader)
NOTICE TO READER
FINANCIAL STATEMENTS
Page
I
Statement of Financial Position 2
Statement of Changes in Net Assets 3
Statement of Revenues and Expenditures 4
Notes to Financial Statements 5
CAMERON KELLER & COMPANY
Chartered Accountants
NOTICE TO READER
On the basis of information provided by management, we have compiled the statement of financial position of
Waterloo Wellington Children's Groundwater Festival as at September 30, 2011 and the statements of revenues and
expenditures and changes in net assets for the year then ended.
We have not performed an audit or a review engagement in respect of these financial statements and, accordingly, we
express no assurance thereon.
Readers are cautioned that these statements may not be appropriate for their purposes.
Waterloo, Ontario Cameron Keller & mpany
October 28, 2011 Chartered Accoun
Licensed Public Accountants
Waterloo,
Phone: !ommmw
email:
1
WATERLOO WELLINGTON CHILDREN'S GROUNDWATER FESTIVAL
Statement of Financial Position
September 30, 2011
(Unaudited - See Notice To Reader)
2011
2010
ASSETS
CURRENT
Cash
$
48,826
$
29,159
Accounts receivable
16,679
6,816
65,505
35,975
PROPERTY, PLANT AND EQUIPMENT (Net of accumulated
amortization)
651
-
$
66,156
$
35,975
LIABILITIES AND NET ASSETS
CURRENT
Accounts payable and accrued liabilities
$
4,898
$
2,222
Deferred income
10,835
-
15,733
2,222
NET ASSETS
50,423
33,753
$
66,156
$
35,975
2 Cameron Keller & Company
WATERLOO WELLINGTON CHILDREN'S GROUNDWATER FESTIVAL
Statement of Changes in Net Assets
Year Ended September 30, 2011
(Unaudited - See Notice To Reader)
- 2011 2010
NET ASSETS - BEGINNING OF YEAR $ 33,753 $ 25,286
Excess of revenue over expenses 16,670 8,467
NET ASSETS - END OF YEAR $ 50,423 $ 33,753
3 Cameron Keller & Company
WATERLOO WELLINGTON CHILDREN'S GROUNDWATER FESTIVAL
Statement of Revenues and Expenditures
Year Ended September 30, 2011
(Unaudited - See Notice To Reader)
2011 2010
REVENUE
Grant and sponsorship revenue $ 93,975 $ 62,926
Admission revenue 11,976 10,522
In kind donations 6,403 5,700
Increase in deferred revenue (10,835) -
101,519 79,148
EXPENSES
Advertising
644
2,205
Amortization
651
-
Employee salaries
33,022
32,985
Memberships
300
300
Office
2,227
1,251
Printing and mailing
2,950
2,097
Professional fees
1,243
1,050
Program expenses
19,053
8,122
Promotional water bottles
2,700
2,700
Security
1,408
-
Student transportation
14,206
12,054
Teacher orientation
107
124
Volunteer expenses
9,340
7,793
87,851
70,681
EXCESS OF REVENUE OVER EXPENSES FROM
OPERATIONS
13,668
8,467
OTHER INCOME
Rental income
3,002
-
EXCESS OF REVENUE OVER EXPENSES
$ 16,670 $
8,467
4 Cameron Keller & Company
s
WATERLOO WELLINGTON CHILDREN'S GROUNDWATER FESTIVAL
Notes to Financial Statements
Year Ended September 30, 2011
( Unaudited - See Notice To Reader)
1. ORGANIZATION PROFILE
Waterloo Wellington Children's Groundwater Festival is a non - profit organization whose mission is to help
children learn about conserving water, protecting our water resources, understanding the water cycle,
discovering the interface between water and technology in their lives and fostering respect toward water and the
environment through a festival held each spring. The revenues and expenses on these financial statements
represent only those of the unincorporated organization known as the Waterloo Wellington Children's
Groundwater Festival.
5 Cameron Keller & Company