Sample financial statements

East Side Food Bank Society

Financial Statements prepared on a cash basis.

Fiscal Period Ending December 31, 2014

Financial statements information

Statement of Assets and Liabilities
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
Statement of Revenue and Expenditures
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: ______________________

Expenditure Allocation
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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