WCBR Board of Trustees - Westminster-Canterbury of the Blue Ridge
WCBR Board of Trustees - Westminster-Canterbury of the Blue Ridge
WCBR Board of Trustees - Westminster-Canterbury of the Blue Ridge
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
03<br />
<strong>Westminster</strong>-<strong>Canterbury</strong> <strong>of</strong> <strong>the</strong> <strong>Blue</strong> <strong>Ridge</strong> Foundation<br />
Statement <strong>of</strong> Financial Position<br />
June 30, 2010 and 2011 Years ended June 30, 2010 and 2011<br />
ASSETS<br />
2011 2010<br />
CURRENT ASSETS<br />
Cash and Cash Equivalents $ 64,931 $ 8,878<br />
Investments, Including<br />
Restricted Investments 9,061,071 7,577,019<br />
Contribution Receivable 5,000 25,000<br />
O<strong>the</strong>r Assets 4,742 -<br />
Total Current Assets 9,135,744 7,610,897<br />
GIFT ANNUITY INVESTMENTS 13,757 12,920<br />
CHARITABLE REMAINDER TRUSTS 249,314 225,857<br />
Total Assets $ 9,398,815 $ 7,849,674<br />
LIABILITIES AND NET ASSETS<br />
LIABILITIES<br />
Annuity Payment Liabilities $ 51,102 $ 64,011<br />
O<strong>the</strong>r Liabilities - 1,715<br />
Total Liabilities $ 51,102 $ 65,726<br />
COMMITMENTS AND CONTINGENCIES<br />
NET ASSETS<br />
Unrestricted $ 2,255,133 $ 1,212,395<br />
Temporarily Restricted 6,695,601 6,175,674<br />
Permanently Restricted 396,979 395,879<br />
Total Net Assets 9,347,713 7,783,948<br />
Total Liabilities and Net Assets $ 9,398,815 $ 7,849,674<br />
The full audit report, both Corporate and Foundation, is available at<br />
www.westminstercanterbury.org/decision-guide/senior/preserving-my-finances/<br />
The lily pads at <strong>the</strong> front pond<br />
<strong>Westminster</strong>-<strong>Canterbury</strong> <strong>of</strong> <strong>the</strong> <strong>Blue</strong> <strong>Ridge</strong> Foundation<br />
Statement <strong>of</strong> Activities and Changes in Net Assets<br />
UNRESTRICTED SUPPORT AND REVENUE<br />
2011 2010<br />
Investment Income $ 366,866 $ 440,729<br />
Change in Unrealized Gains on Investments 706,622 265,134<br />
Net Assets Released from Restrictions 312,266 319,547<br />
Total Unrestricted Support and Revenue 1,385,754 1,025,410<br />
OPERATING EXPENSES 343,016 350,471<br />
OPERATING INCOME AND INCREASE IN<br />
UNRESTRICTED NET ASSETS $ 1,042,738 $ 674,939<br />
TEMPORARILY RESTRICTED NET ASSETS<br />
Contributions $ 376,386 $ 367,109<br />
Net Assets Released from Restrictions (312,266) (319,547)<br />
Investment Income 112,026 63,230<br />
Change in Unrealized Gains on Investments 362,940 258,273<br />
O<strong>the</strong>r (19,159) (19,027)<br />
Increase in Temporarily Restricted Net Assets $ 519,927 $ 350,038<br />
PERMANENTLY RESTRICTED NET ASSETS<br />
Contributions $ 1,100 $ 1,059<br />
Increase in Permanently Restricted Net Assets 1,100 1,059<br />
CHANGE IN NET ASSETS 1,563,765 1,026,036<br />
Net Assets - Beginning <strong>of</strong> Year 7,783,948 6,757,912<br />
NET ASSETS - END OF YEAR $ 9,347,713 $ 7,783,948
Change language