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Financial Statements 15 STATEMENT OF FINANCIAL POSITION

as at March 31, 2012 2012 2011 –––––––––––––––––– ASSETS CURRENT Cash $ 6,375 $ 9,293 Accounts receivable 19,306 45,233 Prepaid expenses and deposits 1,950 503 –––––––––––––––––– $ 27,631 $ 55,029 –––––––––––––––––– LIABILITIES CURRENT Accounts payable and accrued liabilities $ 5,532 $ 3,501 Deferred revenue (Note 5) – 40,348 –––––––––––––––––– 5,534 43,851 NET ASSETS NET ASSETS 22,099 11,180 –––––––––––––––––– $ 27,631 $ 55,029 –––––––––––––––––– STATEMENT OF OPERATIONS AND CHANGES IN NET ASSETS

for the Year Ended March 31, 2012 2011 % 2010 % –––––––––––––––––––––––––––––––––––––––– REVENUE CIDA grants $ 314,661 75.0 $ 257,444 60.1 Membership and registration fees 12,080 2.9 12,155 2.8 Interest income 210 0.1 349 0.1 Annual General Meeting fees 6,742 1.6 10,637 2.5 Kaleidoscope Video Challenge 73,086 17.4 142,706 33.4 Other Income 4,600 1.1 3,300 0.8 Workshop 4,679 1.1 1,250 0.3 Summer Temporary Employment Program 3,430 0.8 – – –––––––––––––––––––––––––––––––––––––––– 419,488 100.0 427,841 100.0 –––––––––––––––––––––––––––––––––––––––– EXPENSES Administration 34,669 8.3 26,936 6.3 ICN Capacity Building 5,069 1.2 – – ICN Public Engagement 1,014 0.24 – – ACGC Capacity Building 43,224 10.3 50,217 11.7 Communications 3,996 1.0 9,257 2.2 Kaleidoscope Video Challenge 72,551 – 145,478 34.0 International Development Week 42,364 10.1 18,391 4.3 International Student Leadership Tour – – 41,212 9.6 Networking – – 2,819 0.7 Professional development – – 2,165 0.5 Public engagement project 20,434 4.9 44,992 10.5 Salaries and benefits 171,920 41.0 97,981 22.9 Sector collaboration and gala event 13,328 3.18 – – –––––––––––––––––––––––––––––––––––––––– 408,569 80.2 439,450 102.7 –––––––––––––––––––––––––––––––––––––––– EXCESS OF REVENUE OVER EXPENSES 10,919 19.8 (11,607) (2.7) NET ASSETS, beginning of year 11,180 22,787 –––––––––––––––––––––––––––––––––––––––– NET ASSETS, end of year $ 22,097 $ 11,180 ––––––––––––––––––––––––––––––––––––––––

2012 Annual Report  

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