|
| |
CONSOLIDATED STATEMENT OF FINANCIAL POSITION
|
AGAPE MOVEMENT |
|
STATEMENT OF FINANCIAL POSITION AS OF
DECEMBER 31, 2004 |
|
(With comparative financial information
for the year ended December 31, 2003) |
|
|
Unrestricted |
Temporarily
Restricted |
TOTAL
2004 |
TOTAL
2003 |
|
ASSETS |
|
|
|
|
|
Cash and Cash
Equivalents |
13,558.97 |
|
13,558.97 |
8,549.39 |
|
Equipment |
1,099.00 |
|
1,099.00 |
1,500.00 |
|
|
|
|
|
|
|
TOTAL ASSETS |
14,657.97 |
0.00 |
14,657.97 |
10,049.39 |
|
|
|
|
|
|
|
LIABILITIES & NET
ASSETS |
|
|
|
|
|
|
|
|
|
|
|
LIABILITIES |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
|
|
|
|
NET ASSETS |
|
|
|
|
|
Unrestricted |
13,009.17 |
|
13,009.17 |
4,599.39 |
|
Temporarily
Restricted |
|
1,648.80 |
1,648.80 |
5,450.00 |
|
Total Net Assets |
13,009.17 |
1,648.80 |
14,657.97 |
10,049.39 |
|
|
|
|
|
|
|
TOTAL
LIABILITIES &
NET ASSETS |
13,009.17 |
1,648.80 |
14,657.97 |
10,049.39 |
|
AGAPE MOVEMENT |
|
STATEMENT OF ACTIVITIES AS OF DECEMBER
31, 2004 |
|
(With summarized financial information
for the year ended December 31, 2003) |
|
|
2004 |
2003 |
|
REVENUES & GAINS |
|
|
|
Corporations &
Foundations |
7,575.00 |
5,000.00 |
|
Public Donations |
33,390.01 |
12,123.00 |
|
From Exchange
Transactions: |
|
|
|
Interest Income |
72.65 |
47.63 |
|
Purchase Refund |
|
100.00 |
|
Total from
Exchange Transactions |
72.65 |
147.63 |
|
|
|
|
|
TOTAL REVENUES &
GAINS |
41,037.66 |
17,270.63 |
|
|
|
|
|
EXPENSES |
|
|
|
Program
Activities: |
|
|
|
Agape Centers |
14,349.80 |
1,746.45 |
|
Church
Construction & Repair |
|
713.33 |
|
Education Aid |
11,598.20 |
4,563.33 |
|
House
Construction & Repair |
|
104.16 |
|
Income Generation
Program |
|
539.50 |
|
Marriage Aid |
1,000.00 |
|
|
Pastoral Programs |
8,466.27 |
5,460.01 |
|
Social Work
Promotion |
284.88 |
1,194.77 |
|
Total Program
Activities |
35,699.15 |
14,321.55 |
|
|
|
|
|
Supporting
Services: |
|
|
|
Bank Charge |
|
20.00 |
|
Books |
|
237.59 |
|
Equipment |
99.00 |
1,858.31 |
|
Fee |
5.00 |
100.00 |
|
Postage |
32.94 |
5.85 |
|
Printing |
145.00 |
|
|
Website |
46.99 |
61.99 |
|
Total Support
Services |
328.93 |
2,283.74 |
|
|
|
|
|
TOTAL EXPENSES |
36,028.08 |
16,605.29 |
|
|
|
|
|
Change in
operating net assets |
-401.00 |
1,500.00 |
|
|
|
|
|
NET ASSETS,
BEGINNING OF YEAR |
10,049.39 |
7,884.05 |
|
|
|
|
|
NET ASSETS, END
OF THE YEAR |
14,657.97 |
10,049.39 |
|
AGAPE MOVEMENT |
|
CONSOLIDATED STATEMENT OF CASH FLOWS |
|
For the year ended December 31, 2004 |
|
(With comparative financial information
for the year ended December 31, 2003) |
|
|
|
|
2004 |
2003 |
|
CASH FLOWS FROM
OPERATING ACTIVITIES |
|
|
|
Change in net
assets (equipment) |
-401.00 |
1,500.00 |
|
|
|
|
|
Net increase
(decrease) in cash and cash equivalents |
5,009.58 |
665.34 |
|
|
|
|
|
Cash and cash
equivalents, beginning of the year |
10,049.39 |
7,884.05 |
|
|
|
|
|
Cash and cash
equivalents, end of the year |
14,657.97 |
10,049.39 |
|
AGAPE MOVEMENT |
|
COMPARISON OF IN FLOWS AND OUT FLOWS |
|
|
|
|
|
|
|
2004 |
% |
|
INFLOWS |
|
|
|
|
Corporations &
Foundations |
|
7,575.00 |
18.46% |
|
Interest |
|
72.65 |
0.18% |
|
Public Donations |
|
33,390.01 |
81.36% |
|
TOTAL INFLOWS |
|
41,037.66 |
100.00% |
|
|
|
|
|
|
OUTFLOWS |
|
|
|
|
Administrative
Expenses |
|
|
|
|
Equipment |
99.00 |
|
0.27% |
|
Fee |
5.00 |
|
0.01% |
|
Postage |
32.94 |
|
0.09% |
|
Printing |
145.00 |
|
0.40% |
|
Website |
46.99 |
|
0.13% |
|
TOTAL
Administrative Expenses |
|
|
