2024 Financial Report

Cash to be deposited

$

-

Accounts Receivable Petty cash

$

$

-

-

Total Current Assets

Inventory Assets

Moving cart

$

-

Total Inventory Assets

$

-

Total Assets

$

-

Liabilities

Accounts Payable

$

-

Total Liabilities

$

-

Equity

Retained Earnings - Previous Year

$

10,727.34

Revenue

Membership

$     7,378.03

$      5,372.99

$              -

Sponsorships

$     1,000.00

$      6,785.00

$              -

Events & Other Activities

$     7,362.73

$      2,693.01

$    46,187.05

Non-Profit Amounts Received

$

-

$

-

$

-

Other Income

$

-

$

-

$

1,656.71

Total Revenue

$   15,740.76

$    14,851.00

$    47,843.76

Expenses

Accounting and Legal Fees

$     2,062.25

$         819.25

$         843.83

Subscription Fees

$        427.14

$         747.65

$      1,839.60

Bank Charges

$        226.11

$         304.88

$         228.00

BOSC related expenses

$     9,200.00

$      4,619.70

$    33,214.22

Event Expenses

$        715.75

$      3,806.74

$         948.33

Insurance

$     4,428.72

$      4,230.01

$      4,096.10

CAPS Curriculum

$     5,255.21

$      4,237.50

$              -

Office and General

$          94.55

$               -

$             0.01

Social media account

$              -

$           50.00

$         500.00

Total Expesnes

$   22,409.73

$    18,815.73

$    41,670.09

Net Income

$    (6,668.97)

$     (3,964.73)

$      6,173.67

Revenue

Memberships

$   7,378.03

Sponsorships

$ 1,000.00

CAPS Cup

$      340.51

BOSC 2024

$ 7,022.22

Total Revenue

$ 15,740.76

Expenses

Insurance

$   4,428.72

Bank charges

$      226.11

Accounting Fees

$   2,062.25

AGM Expenses

$      715.75

BOSC Expenses

$   9,200.00

Supplies

$        94.55

Surveymonkey Subscription

$      427.14

CAPS Curriculum Updates

$   5,255.21

Total Expenses

$ 22,409.73

Carry over from prev month

 $ 10,670.65

Revenue

Memberships

$      871.00

Total Revenue

$      871.00

Expenses

Bank Charges

$        19.00

Insurance

$      279.37

Accounting Fees

$      819.25

Total Expenses

$   1,117.62

Net Income

$     (246.62)

Balance

$ 10,424.03

Memberships

$   1,280.06

Total Revenue

$ 1,280.06

Expenses

Bank Charges

$        20.50

Insurance

$      296.26

AGM

$      715.75

Total Expenses

$   1,032.51

Net Income

$      247.55

Balance

$ 10,671.58

Carry over from prev month

 $ 10,531.22

Revenue

Memberships

$      726.70

JCB Unity Scholarship Proceeds

$ 14,982.50

 Total Revenue                                                                      $ 15,709.20

Expenses

Bank Charges

$        19.00

Insurance

$      296.26

Total Expenses

$      315.26

Net Income

$ 15,393.94

Balance

$ 25,925.16

Carry over from prev month

 $   25,925.16

Revenue

Memberships

$         125.07

Total Revenue

$         125.07

Expenses

Insurance

$         296.26

Bank Charges

$               -

Total Expenses

$         296.26

Net Income

$       (171.19)

Balance

$   25,753.97

Carry over from prev month

$     25,753.97

Revenue

Memberships

$          362.83

$                 -

Total Revenue

$           362.83

Expenses

BOSC 2024

$        5,000.00

Insurance

$           296.26

Bank charges

$                 -

Total Expenses

$        5,296.26

Net Income

$      (4,933.43)

Carry over from previous month

 $ 20,820.54

Revenue

Memberships

$861.86

CAPS Cup Tickets

$340.51

Total Revenue

$1,202.37

Expenses

Bank Charges

$19.00

CAPS Curriculum Refresh

$5,255.21

Insurance

$296.26

Total Expenses

$5,570.47

Net Income

-$4,368.10

Balance

$16,452.44

Carry over from prev month

 $ 16,452.44

Revenue

Memberships

$      395.30

BOSC Prelim Exams

$      360.00

Total Revenue

$      755.30

Expenses

Insurance

$      296.26

Bank Charges

$        36.11

Directors Liability Insurance Renewal

$      907.20

Total Expenses

$1,239.57

Carry over from prev month

 $ 15,968.17

Revenue

Memberships

$ 1,647.21

BOSC Prelim Exam

$        38.62

BOSC Tickets

$ 4,080.62

Total Revenue

 $ 5,766.45

Expenses

Bank Charges

$        19.00

Insurance

$     296.26

JCB Unity Scholarship Disbursement

$ 5,000.00

Total Expenses

 $ 5,315.26

Net Income

 $     451.19

Balance

 $ 16,419.36

Canadian Association of Professional Sommeliers - Ontario

Income Statement - November 30, 2024

Carry over from prev month                                                      $ 16,419.36

Revenue

Memberships

$          72.75

Sponsorship

$     1,000.00

Total Revenue

$1,072.75

Expenses

Bank Charges

$          19.00

Insurance

$        296.26

JCB Unity Scholarship Disbursement

$ 10,000.00

BOSC 2024 Ticket Refunds

$     4,200.00

Accounting Fees

$     1,243.00

Total Expenses

$15,758.26

Net Income

-$14,685.51

Balance

$1,733.85