(Unaudited - See Notice to Reader)
April 30, 2005
Notice to Reader
I have compiled the statement of financial position of Canadian Council for the Advancement of Education Inc. as at April 30, 2005 and the statements of operations and changes in net assets then ended from information provided by management. I have not audited, reviewed or otherwise attempted to verify the accuracy or completeness of such information. Readers are cautioned that these statements may not be appropriate for their purposes.
"Charles Havill"
Oakville, Canada
August 26, 2005 Chartered Accountant
Canadian Council for the Advancement of Education Inc.
(Unaudited - see Notice to Reader)
Year Ended April 30, 2005 2004
Revenues
Membership $ 103,206 $ 98,071
Conference 281,901 293,063
National Awards 20,175 21,525
Interest 10,520 10,710
Sponsorship 110,000 106,500
Professional Development 136,736 56,883
Other 3,647 23,000
666,185 609,752
Expenditures
Board and Executive Committee 41,918 49,686
Communication Committee 21,496 16,518
Finance Committee 412 615
Membership Committee 451 14,637
Program Committee 212,388 233,432
Administration 91,383 84,898
Awards 1,894 1,108
Executive Director 24,310 73,563
Professional Development 125,309 56,789
Volunteer Committee 5,143
519,561 536,389
Excess of revenues over expenditures $ 146,624 $ 73,363
Canadian Council for the Advancement of Education Inc.
(Unaudited - see Notice to Reader)
Year Ended April 30, 2005 2004
Balance, beginning of year $ 225,231 $ 151,868
Excess of revenues over expenditures 146,624 73,363
Balance, end of year $ 371,855 $ 225,231
Canadian Council for the Advancement of Education Inc.
(Unaudited - see Notice to Reader)
April 30, 2005 2004
Assets
Current
Cash $ 80,468 $ 11,733
Investments 317,856 181,658
Receivables 23,843 40,301
Prepaids 25,415 9,905
$ 447,582 $ 243,597
Liabilities
Current
Payables $ 75,727 $ 5,711
Deferred revenue 12,655
75,727 18,366
Net Assets
Unrestricted 371,855 225,231
$ 447,582 $ 243,597