Financial Information

Prepared by: Dwayne Collins, Steward of Sadleir House Compiled from the annual Financial Review Reports, each available at the links below.

Statement of Financial Position

for the Year Ending 31 August 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
ASSETS
Cash 64,859 61,835 38,205 32,227 32,893 19,391 35,635 17,838 1,970 17,377 10,529 26,986
Accounts Receivable 5,519 10,455 11,535 6,406 1,297 12,522 9,322 2,004 18,691 3,870 1,878 --
Prepaid expenses and deposits 6,985 1,874 1,742 1,742 2,592 2,564 2,936 7,509 7,783 9,293 7,572 8,230
Total current assets 77,363 74,164 51,482 40,375 36,782 34,477 47,893 27,351 28,444 30,540 19,979 35,216
CAPITAL
Fixed Assets at Cost 888,487 866,142 866,142 833,379 829,882 808,817 782,903 769,983 769,983 756,684 740,831 710,100
Accumulated Amortisation 253,763 -233,518 -212,765 -191,322 -170,181 -140,855 -118,731 -96,418 -73,054 -48,845 -24,356 --
Total capital 634,724 632,624 653,377 642,057 659,701 667,962 664,172 673,565 696,929 707,839 716,475 710,100
Total assets 712,087 706,788 704,859 682,432 696,483 702,439 712,065 700,916 725,373 738,379 736,454 745,316
LIABILITIES
Accounts payable and accrued charges 7,508 6,524 3,421 4,988 4,328 3,898 4,093 5,807 2,725 2,278 2,257 19,600
Short term loans -- -- -- -- 18,000 -- -- -- 15,000 25,000 -- --
Deferred revenue 33,214 31,713 20,489 -- -- -- -- -- -- -- -- --
Loans from predecessor trustees 70 70 70 70 70 70 70 70 70 70 70 70
Demand loan 345,354 364,000 -- -- -- -- -- -- -- -- -- --
Current portion of long-term debt -- -- 13,576 12,612 15,299 17,404 16,591 25,183 32,519 30,422 48,262 49,636
Total current liabilities 386,146 402,307 37,556 17,670 37,697 21,372 20,754 31,060 50,314 57,770 50,589 69,306
Long Term Debt -- -- 364,985 378,561 391,173 402,890 413,777 430,310 495,485 525,954 560,263 638,078
Deferred Contributions Related to Capital Assets 128,286 133,678 139,306 145,184 151,324 157,743 163,796 127,400 85,940 82,591 71,512 --
Total liabilities 514,432 535,985 541,847 541,415 580,194 582,005 598,327 588,770 631,739 666,315 682,364 707,384
NET ASSETS
Net Assets invested in capital assets 157,954 134,946 135,510 105,700 101,905 89,925 70,008 90,672 82,985 68,872 36,438 22,386
Unrestricted net assets 39,701 35,857 27,502 35,317 14,384 30,509 43,730 21,474 10,649 3,192 17,652 15,546
712,087 706,788 704,859 682,432 696,483 702,439 712,065 700,916 725,373 738,379 736,454 745,316

Statement of Changes in Net Assets

for the Year Ending 31 August 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
Balance, Beginning of Year 170,803 163,012 141,017 116,289 120,434 113,739 112,147 93,634 72,064 54,090 37,933 --
Excess of revenue over expenses 26,852 7,791 21,995 24,728 -4,145 6,695 1,591 18,512 21,570 17,974 16,157 37,932
Balance, End of Year 197,655 170,803 163,012 141,017 116,289 120,434 113,738 112,146 93,634 72,064 54,090 37,932

Statement of Operations

for the Year Ending 31 August 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004
REVENUE
Amortization of deferred contributions 5,392 5,628 5,877 6,140 6,419 6,053 5,304 5,531 3,433 3,441 2,904 --
Bad debt recovery -- -- -- 4,600 -- -- -- -- -- -- -- --
Contributions & Grants 18,229 19,649 21,315 33,307 12,600 16,319 9,308 12,299 11,007 11,715 7,122 1,877
Eastern elevator settlement -- -- -- 3,000 -- -- -- -- -- -- -- --
Fundraising 1,568 549 -- -- -- -- -- -- -- -- -- --
Interest income 301 592 174 274 604 285 1,023 1,269 304 1,159 638 451
Journal of Undergraduate Studies at Trent 12,024 1,925 360 -- -- -- -- -- -- -- -- --
Library and archive 2,391 302 788 -- -- -- -- -- -- -- -- --
Rental income 37,704 37,309 37,106 39,374 36,148 42,390 35,185 41,495 38,196 37,362 37,681 2,004
Special events (net) 1,908 2,995 2,656 1,918 3,881 2,720 3,530 4,551 1,614 1,382 1,761 -35
Student memberships 162,587 157,623 153,550 149,989 142,606 138,565 137,286 128,360 138,693 141,252 132,353 120,695
Workshop fees -- 27 -- 106 142 -- -- -- -- -- -- --
Total Revenue 242,104 226,599 221,826 238,708 202,400 206,332 191,636 193,505 193,247 196,311 182,459 124,992
EXPENSES
Advertising and promotion 416 300 314 62 511 354 449 140 355 355 198 886
Amortization 20,245 20,753 21,443 21,141 29,326 22,123 22,313 23,364 24,209 24,489 24,357 --
Anniversary events 175 5,938 -- -- -- -- -- -- -- -- -- --
Bad debts 530 -38 540 34 6,203 -- 415 3,829 -- -- -- --
Bank charges and interest 1,703 1,808 145 310 406 240 197 130 101 575 51 212
Fundraising expense -- 1,960 -- -- -- -- -- -- -- -- -- --
Hospitality and reception 483 203 95 246 165 126 490 315 86 1,819 1,100 1,765
Insurance 7,118 8,365 8,904 10,260 14,246 16,286 15,292 18,982 14,369 15,585 20,447 11,058
Journal of Undergraduate Studies at Trent 12,024 1,925 360 -- -- -- -- -- -- -- -- --
Library and archives 3,869 1,076 3,282 20,586 -- -- -- -- -- -- -- --
Long-term interest 13,815 22,996 28,469 29,379 30,259 31,008 32,197 35,234 37,496 39,188 40,667 21,635
Municipal taxes 8,361 7,949 7,815 7,272 7,013 6,791 6,375 5,971 5,852 5,773 2,450 4,318
Office and general 6,804 7,048 3,652 4,319 3,810 3,391 5,219 4,244 5,836 6,312 10,136 1,493
Professional fees 7,541 5,251 5,082 4,542 5,605 5,294 2,471 1,785 1,500 2,875 2,400 5,432
Repairs and maintenance 23,969 37,180 31,933 34,810 26,193 34,362 26,030 6,926 7,843 10,457 20,931 4,614
Taxes and licenses 550 200 265 550 339 -- -- -- -- -- -- --
Telephone 2,666 2,360 2,021 2,174 2,836 2,707 2,367 3,293 2,648 2,378 3,013 1,698
Utilities 18,412 15,978 12,944 12,591 13,696 14,012 20,008 17,420 19,246 19,213 19,001 5,679
Total Expenses 215,252 218,808 199,831 213,980 206,545 199,637 190,045 174,993 171,677 178,337 166,301 87,060
Excess of Revenue over Expenses 26,852 7,791 21,995 24,728 -4,145 6,695 1,591 18,512 21,570 17,974 16,158 37,932