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

Date modified:

2015-11-16