Financial Report Overview: Coleridge and Parry School Alumni Association
"Explore the detailed financial report of the Coleridge and Parry School Alumni Association for the period October 1, 2015 to November 24, 2017. Get insights on fund movements, banking information, receipts, disbursements, and more. Stay informed about fundraising events and financial updates. Find out about the association's financial stewardship and current state of affairs."
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Presentation Transcript
Financial Report for the period October 1, 2015 to November 24, 2017 www.capsaa.org
Ladies and Gentlemen Fellow Alumni Purpose of financial presentation To provide you with an account of the stewardship of the association s finances. To provide you with an update on the state of affairs. Period: October 1, 2015 November 24, 2017 www.capsaa.org
Financial Updates Capture all of the significant events. The Finance committee to implement a segregated funds structure. The receipts and disbursements of funds have been clearly disclosed on the Statement of Affairs www.capsaa.org
Banking Information The charity operates two bank accounts at Republic Bank. Operating Account No: 018001692001 Charity Account No: 148001692001 www.capsaa.org
Account Updates The position of these accounts are as follows: Opening Balance Net Movement Closing Balance Operating Account $97 October 1, 2015 November 24, 2017 $8,052 $8,149 Charity Account $ - $1,803 $1,803 Note: Funds are received into the Operating account and earmarked funds are transferred to the Charity account by resolution of the Executive Committee. www.capsaa.org
Receipts & Disbursements Total Receipts Total Disbursements $57,569 $47,354 $10,215 FUND MOVEMENTS www.capsaa.org
COLERIDGE AND PARRY SCHOOL ALUMNI ASSOCIATION Statement of Receipts and Disbursements For the Period Ended October 1, 2015 to November 24, 2017 Marchandise Sales Fish Fry CP Celebrates 50 Awards & Dinner 12-Nov-16 Glow Fete 08-Apr-17 Total Membership Donations Bus Crawl 11-Nov-17 17-Sep-16 Receipts Associated with Fundraising Events $ 39,310 $ 2,000 $ 1,436 $ 42,747 - - - - - - - - - - - $ 726 $ 110 $ 600 - $ 8,311 $ 10,990 $ 19,176 $ 4,270 $ 7,585 $ 8,880 $ 18,575 $ 4,270 - $ 2,000 Income from fundraising events - - - Sponsorship received Donations received from fundraising events $ -21,589 - - - $ -2,977 $ -8,191 $ -7,982 $ -2,440 Cost Associated with Fundraising Events $ 21,158 - - - $ 5,334 $ 2,800 $ 11,194 $ 1,831 Gross Profit from Fundraising Events Other Receipts $ 3,630 $ 3,630 $ 5,021 $ 2 $ 2 $ 6,169 - - $ 5,021 - - - - - - - - - - - - - - - - - - Membership fees - Merchandise Sales - - Interest income - $ 6,169 Donations received $ 14,822 $ 3,632 $ 6,169 $ 5,021 - - - - Total Other Receipts $ 35,980 $ 3,632 $ 6,169 $ 5,021 $ 5,334 $ 2,800 $ 11,194 $ 1,831 Net Receipts Other Disbursements $ 888 $ 888 $ 258 $ 258 $ 4,193 $ 19,899 $ 185 $ 185 $ 48 $ 48 $ 293 $ 293 - - - $ 4,193 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Advertising Expenses Bank charges and interest - - $ 19,899 Cost of Merchandise - - - - Donations - - - Equipment Repair Stationery expenses Website Cost $ 25,765 $ 1,672 $ 19,899 $ 4,193 - - - - Total Other Disbursements $ 10,215 $ 1,960 $ -13,730 $ 828 $ 5,334 $ 2,800 $ 11,194 $ 1,831 Excess of Receipts over Disbursements
Bank Balances (Quarterly) Sept 2015 Nov 2017 20,000 Donations 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 - 30-Sep-15 31-Jan-16 31-May-16 30-Sep-16 31-Jan-17 31-May-17 30-Sep-17
Expenditures & Donations For period ending November 24, 2017 3% 9% Fundraising Finance 46% Donations Merchandising Administrative 42% 1% www.capsaa.org
Receipts: Sep 2015-Nov 2017 Receipts 20000 18000 16000 14000 Fundraising 12000 Event Sponsorship 10000 Membership Fees Merchandise Sales 8000 Donations 6000 Interest 4000 2000 0 Fundraising Event Membership Fees Merchandise Sales Donations Interest Sponsorship www.capsaa.org
Membership Activity Membership 77 Active Financial Potential annual fees: $9,240 Donations in kind: (Not quantified in financials) Laptop, Bottled Water, Food & Beverage Goods & services, etc. Estimated donations in kind: $6,000 www.capsaa.org
Memorabilia Branded CAPSAA polos were launched Receipts were modest in relation to expected cash flows Wider participation required www.capsaa.org
Regulation & Oversight Regulation CAIPO Requirements: File Balance Sheet File Statement of Receipts and Disbursements Oversight Financials to be published on CAPSAA website www.capsaa.org
COLERIDGE AND PARRY SCHOOL ALUMNI ASSOCIATION Balance Sheet As at June 30, 2017 (With Comparative for the Year Ended June 30, 2016) 20 2017 2016 Assets Cash at bank $ 16,801 $ 922 Total Assets $ 17,641 $ 922 Liabilities Accounts payable $ 1,920 $ - Total Liabilities 1,920 - Net Assets Charity Fund Unrestricted Funds 10,000 5,721 - 922 Total Net Assets 15,721 922 Total Liabilities and Net Assets $ 17,641 $ 922
COLERIDGE AND PARRY SCHOOL ALUMNI ASSOCIATION Statement of Receipts and Disbursements For the Year Ended June 30, 2017 (With Comparative for the Year Ended June 30, 2016) 2017 2016 Receipts Associated with Fundraising Events Income from fundraising events Sponsorship received Donations received from fundraising events $ 35,041 $ 2,000.00 $ 1,436.00 $ 38,477.00 - - - - Cost Associated with Fundraising Events $ -21,550.00 - Gross Profit from Fundraising Events $ 16,927.00 - Other Receipts Membership fees Merchandise Sales Interest income Donations received $ 890.00 $ 4,221.00 $ 2.00 $ 5,810.00 $ 2,620.00 - - $ 159.00 Total Other Receipts $ 10,923.00 $ 2,779.00 Net Receipts $ 27,850.00 $ 2,779.00 Other Disbursements Advertising Expenses Bank charges and interest Cost of Merchandise Donations Equipment Repair Stationery expenses Website Cost $ 200.00 $ 221.00 $ 4,193.00 $ 7,959.00 $ 185.00 - - - $ 1,940.00 - - $ 14.00 $ 293.00 - Total Other Disbursements $ 13,051.00 $ 1,954.00 Excess of Receipts over Disbursements $ 14,799 $ 825
Closing Remarks We wish to thank you, ladies and gentlemen for the opportunity to serve on the Executive of the Coleridge and Parry Alumni Association. www.capsaa.org
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