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Radio Starmaker Fund Annual Report
2018 / 2019
Radio Starmaker Fund Condensed Statement of Financial Position as at August 31, 2019
| 2019 | ||||
|---|---|---|---|---|
| Administration Fund $ |
Capital Asset Fund $ |
Grant Fund $ |
Total $ |
|
| Assets | ||||
| Current assets | ||||
| Cash | 213,148 | - | 934,812 | 1,147,960 |
| Investments | - | - | 22,904,138 | 22,904,138 |
| Prepaid expenses | 7,682 | - | - | 7,682 |
| 220,830 | - | 23,838,950 | 24,059,780 | |
| Internally restricted investments | 1,023,292 | - | - | 1,023,292 |
| Capital assets | - | 4,461 | - | 4,461 |
| 1,244,122 | 4,461 | 23,838,950 | 25,087,533 | |
| Liabilities | ||||
| Current liabilities | ||||
| Accounts payable | 10,694 | - | - | 10,694 |
| Grant liability | - | - | 1,421,029 | 1,421,029 |
| 10,694 | - | 1,421,029 | 1,431,723 | |
| Fund Balances | ||||
| Invested in capital assets | - | 4,461 | - | 4,461 |
| Restricted | 1,023,292 | - | 22,417,921 | 23,441,213 |
| Unrestricted | 210,136 | - | - | 210,136 |
| 1,233,428 | 4,461 | 22,417,921 | 23,655,810 | |
| 1,244,122 | 4,461 | 23,838,950 | 25,087,533 | |