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 College of Fellows Centennial Fund for Intern/Intern Architects Zane Waldman Celebrating Team Canada at the Migrating Landscapes official opening For the first time the RAIC Foundation presented its College of Fellows Centennial Fund for Intern/Intern Architects to Team Canada, 13 young intern/intern architects members of the Migrating Landscapes team. The Migrating Landscapes team members were chosen by a jury from regional exhibitions and the 13 young intern/ intern architects made up part of Canada’s official entry at the 2012 Venice Biennale in Architecture. The jury commented: “We were impressed with the achievements of each of the 13 individuals forming Team Canada, who have already made significant contributions to the profession, which have been recognized by various awards, publications and exhibitions of their work. Some of them are also involved in teaching and lecturing.” Venice Biennale in Architecture The Venice Biennale in Architecture is the most important and prestigious international event in contemporary architecture. Every two years, more than 50 countries compete for the Golden Lion Award for best national exhibition. The RAIC and RAIC Foundation have supported the Canadian entry at the past two Biennales (2010 and 2012) with financial, administrative © Nico Saieh Migrating Landscapes: Canada’s entry at the 2012 Venice Biennale in Architecture and fundraising assistance. In 2014, the RAIC will assume the role of Commissioner of the Canadian entry for the first time, and the Foundation will continue to work with the curators on fundraising, administration and logistics. 46 RAIC Foundation | 2012 Annual Report
Architecture Canada | R AIC Financial Statements of the RAIC Foundation The following financial information has been extracted from the December 31, 2012 financial statements audited by Ouseley Hanvey Clipsham Deep LLP. A complete set of audited financial statements is available from the RAIC office upon request. Approved on behalf of the Board: Barry Johns, FRAIC Yves Gosselin, AP/FIRAC Chair Executive Secretary Balance Sheet as at December 31, 2012 2012 2011 ASSETS Cash $ 362,759 $ 78,083 Accounts receivable 17,734 70,237 Accrued interest receivable 789 2,916 Investments 457,426 645,825 $ 838,708 $ 797,061 LIABILITIES Accounts payable $ 1,500 $ 6,780 Due to RAIC 43,023 106,166 $ 44,523 $ 112,946 NET ASSETS Capital reserve $ 703,623 $ 598,326 Revenue reserve 90,562 85,789 794,185 684,115 $ 838,708 $ 797,061 47 Financial Statements of the RAIC Foundation | 2012 Annual Report
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Architecture <strong>Canada</strong> | R AIC<br />
Financial Statements<br />
<strong>of</strong> the <strong>RAIC</strong> Foundation<br />
The following financial information has been extracted from the December 31, <strong>2012</strong><br />
financial statements audited by Ouseley Hanvey Clipsham Deep LLP. A complete set <strong>of</strong><br />
audited financial statements is available from the <strong>RAIC</strong> <strong>of</strong>fice upon request.<br />
Approved on behalf <strong>of</strong> the Board:<br />
Barry Johns, F<strong>RAIC</strong><br />
Yves Gosselin, AP/FIRAC<br />
Chair<br />
Executive Secretary<br />
Balance Sheet as at December 31, <strong>2012</strong><br />
<strong>2012</strong> 2011<br />
ASSETS<br />
Cash $ 362,759 $ 78,083<br />
Accounts receivable 17,734 70,237<br />
Accrued interest receivable 789 2,916<br />
Investments 457,426 645,825<br />
$ 838,708 $ 797,061<br />
LIABILITIES<br />
Accounts payable $ 1,500 $ 6,780<br />
Due to <strong>RAIC</strong> 43,023 106,166<br />
$ 44,523 $ 112,946<br />
NET ASSETS<br />
Capital reserve $ 703,623 $ 598,326<br />
Revenue reserve 90,562 85,789<br />
794,185 684,115<br />
$ 838,708 $ 797,061<br />
47 Financial Statements <strong>of</strong> the <strong>RAIC</strong> Foundation | <strong>2012</strong> <strong>Annual</strong> <strong>Report</strong>
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