ONFC Annual Report

ODAWA NATIVE FRIENDSHIP CENTRE
STATEMENT OF FINANCIAL POSITION
March 31, 2021
ODAWA NATIVE FRIENDSHIP CENTRE
STATEMENT OF FINANCIAL POSITION
MARCH 31, 2021
ASSETS
2021 2020
CURRENT ASSETS
Cash $ 567,568 $ 467,149
Accounts receivable 515,869 292,032
Government rebates receivable 63,784 114,717
Prepaid expenses 17,535 26,796
1,164,756 900,694
CAPITAL ASSETS - note 3 2,088,961 1,658,362
SCHOLARSHIP FUND - note 4 734 2,734
LIABILITIES AND NET ASSETS
$ 3,254,451 $ 2,561,790
CURRENT LIABILITIES
Accounts payable and accrued liabilities $ 877,951 $ 346,268
Deferred revenue - note 6 329,539 899,899
Loan payable - 7,500
1,207,490 1,253,667
DEFERRED CONTRIBUTIONS RELATED TO CAPITAL ASSETS - note 7 1,841,514 1,377,336
SCHOLARSHIP FUND - DEFERRED CONTRIBUTIONS - note 4 734 2,734
3,049,738 2,633,737
NET ASSETS
Invested in capital assets - note 8 247,447 281,026
Unrestricted (42,734) (352,973)
204,713 (71,947)
Approved on behalf of the Board of Directors:
$ 3,254,451 $ 2,561,790
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Director
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Director
40
(See accompanying notes)