2012 RAIC Annual Report - Royal Architectural Institute of Canada
2012 RAIC Annual Report - Royal Architectural Institute of Canada 2012 RAIC Annual Report - Royal Architectural Institute of Canada
Architecture Canada | RAIC Statement of Changes in Net Assets for the Year Ended December 31, 2012 2012 2011 INVESTED IN PROPERTY AND EQUIPMENT Balance – beginning of year $ 51,557 $ 56,107 Purchase of property & equipment 52,697 44,484 Amortization (37,910) (49,034) Balance – end of year $ 66,344 $ 51,557 SYLLABUS FUND Balance – beginning of year $ 163,172 $ 161,862 Transfer from unrestricted 68,814 1,310 Balance – end of year $ 231,986 $ 163,172 UNRESTRICTED Balance – beginning of year $ 417,119 $ 354,292 Net revenue for the year 126,821 59,587 Purchase of property & equipment (52,697) (44,484) Amortization 37,910 49,034 Transfer to Syllabus fund (68,814) (1,310) Balance – end of year $ 460,339 $ 417,119 40 Financial Statements of the RAIC | 2012 Annual Report
Architecture Canada | RAIC Statement of Revenue and Expenditure for the Year Ended December 31, 2012 2012 2011 REVENUE Membership $ 1,176,766 $ 1,134,330 Grants and general sponsorship 986,194 1,018,926 Awards program 103,860 13,866 Festival of Architecture 389,780 261 Practice support 165,203 230,878 Syllabus 303,873 241,887 Other 91,975 64,955 $ 3,217,651 $ 2,705,103 EXPENDITURE Membership $ 53,535 $ 24,385 Communications 17,540 16,152 Awards program 91,532 33,869 Festival of Architecture 385,035 12,394 Practice support 96,390 215,998 Advocacy 82,157 35,985 Administration 935,433 918,579 External relations and Board 366,632 245,860 Committees 38,258 31,590 HRSDC Project 789,259 870,127 Syllabus 235,059 240,577 3,090,830 2,645,516 NET REVENUE FOR THE YEAR $ 126,821 $ 59,587 41 Financial Statements of the RAIC | 2012 Annual Report
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Architecture <strong>Canada</strong> | <strong>RAIC</strong><br />
Statement <strong>of</strong> Changes in Net Assets<br />
for the Year Ended December 31, <strong>2012</strong><br />
<strong>2012</strong> 2011<br />
INVESTED IN PROPERTY AND EQUIPMENT<br />
Balance – beginning <strong>of</strong> year $ 51,557 $ 56,107<br />
Purchase <strong>of</strong> property & equipment 52,697 44,484<br />
Amortization (37,910) (49,034)<br />
Balance – end <strong>of</strong> year $ 66,344 $ 51,557<br />
SYLLABUS FUND<br />
Balance – beginning <strong>of</strong> year $ 163,172 $ 161,862<br />
Transfer from unrestricted 68,814 1,310<br />
Balance – end <strong>of</strong> year $ 231,986 $ 163,172<br />
UNRESTRICTED<br />
Balance – beginning <strong>of</strong> year $ 417,119 $ 354,292<br />
Net revenue for the year 126,821 59,587<br />
Purchase <strong>of</strong> property & equipment (52,697) (44,484)<br />
Amortization 37,910 49,034<br />
Transfer to Syllabus fund (68,814) (1,310)<br />
Balance – end <strong>of</strong> year $ 460,339 $ 417,119<br />
40 Financial Statements <strong>of</strong> the <strong>RAIC</strong> | <strong>2012</strong> <strong>Annual</strong> <strong>Report</strong>
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