Sample financial statements
East Side Food Bank Society
Financial Statements prepared on a cash basis.
Fiscal Period Ending December 31, 2014
Financial statements information
| Assets | |
|---|---|
| Current Assets | |
| Bank balance | $18,050 |
| Bank GICs | $5,000 |
| Sub total: $23,050 | |
| Long-term Assets | $0 |
| Sub total: $0 | |
| Capital Assets | |
| Building | $70,000 |
| Land | $30,000 |
| Sub total: $100,000 | |
| Total: $123,050 | |
| Liabilities | |
| Current Liabilities | $0 |
| Long-term Liabilities | |
| Mortgage | $20,000 |
| Total: $20,000 |
| Revenue | |
|---|---|
| Cash donation from XYZ Charity | $5,000 |
| Other cash donations | $20,000 |
| Food collections (non-cash gifts) | $15,000 |
| Christmas fundraiser | $1,800 |
| Total: $41,800 | |
| Expenditures | |
| Bank charges | $180 |
| Office expenses and supplies | $350 |
| Professional fees | $500 |
| Vehicle and travel | $1000 |
| Donation to ABC Shelter (894949302 RR0232) | $2,000 |
| Salary | $15,500 |
| Utilities and insurance (building) | $4,000 |
| Facility maintenance | $1,000 |
| Mortgage payments | $5,000 |
| Advertising (Christmas show) | $300 |
| Food and hampers | $30,000 |
| Total: $59,830 |
Notes:
1) Current Assets: GIC – Matures in 2017 – 2.5% interest
2) Expenditures: Salary – Operations Manager (part-time) – $15,500
3) Tax receipts were only issued for cash donations of $15 or greater, and food collections with a fair market value of $15 or greater
Treasurer Signature: ______________________
| Item | Charitable | Administration | Other (fundraising) |
Totals |
|---|---|---|---|---|
| Bank charges | $180 | $180 | ||
| Office expenses and supplies | $150 | $200 | $350 | |
| Professional fees | $500 | $500 | ||
| Vehicle and travel | $700 | $300 | $1,000 | |
| Donation to ABC Shelter (894949302 RR0232) | $2,000 | $2,000 | ||
| Salary | $15,000 | $500 | $15,500 | |
| Utilities and insurance (building) | $4,000 | $4,000 | ||
| Facility maintenance | $1,000 | $1,000 | ||
| Mortgage payments | $5,000 | $5,000 | ||
| Advertising (Christmas show) | $300 | $300 | ||
| Purchase of food and hampers | $30,000 | $30,000 | ||
| Total | $57,850 | $1,680 | $300 | $59,830 |
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