Item 12 - The City of London Meeting Packages area has been re ...

BUSINESS CASE 2008 

RELOCATION PROJECT 

Kidzone Day Care Centre Inc. 

600 Sanatorium Road, London, Ontario N6H 3W7 

Phone: 51 9-473-6676 

Email: kidzone-daycare@rogers.com 

Director: Deborah Lukings 

Associate Director: Jackie Mobberley 

Assistants to the Associate Director: 

Krista Loughlin and Jessica Curtin 

Board of Directors 

Lianne Gallie, Chairperson 

Ashley Mitchell, Vice Chairperson 

Jeff DeGraw, Treasurer 

Vacant, Human Resources 

Vacant, Secretary 

Kathie Hess, Quality Assurance 

Lorraine Boros, Fundraising 

Michelle English, Special Events 

Marilyn Beaton, Member at Large 

Bryan Small, Member at Large 

Ryan Warren, Member at Large 

The content of this report is confidential and is the sole property of Kidzone Day Care Centre IM., London, 

Ontario. Its use is strictly limited to those readers authorized by Kidzone. Any reproduction or divulgence of the 

content of this reporl withaul the WiMen consent o( Kidzone is prohibned.

TABLE OF CONTENTS 

EXECUTIVE SUMMARY ................................................................ 

KIDZONE MISSION STATEMENT & HISTORY ................................. 

SNAPSHOTOF CHILDCARE INDUSTRY IN ONTARIO ..................... 

ORGANIZATIONAL STRUCTURE ................................................. 

PROGRAM OUTLINE AND FEE STRUCTURE ................................... 

PROGRAMMING .......................................................................... 

iMMEDlATE OBJECTIVES ............................................................ 

COMPETITIVE SUMMARY ........................................................... 

MARKETING PLAN ..................................................................... 

FINANCIAL PLAN ....................................................................... 

CONCLUSION ........................................................................... 

1 

3 

4 

4 

6 

7 

7 

a 

9 

11 

12 

APPENDIX A . KIDZONES FINANCIAL STATEMENTS 

APPENDIX B . SCENARIO ANALYSIS 

APPENDIX C . FINANCIAL PROJECTIONS . PRO FORMA INCOME STATEMENTS 

APPENDIX D . NEW PROPERTY INFORMATION 

APPENDIX E . RENOVATION QUOTES

EXECUTIVE SUMMARY 

Kidzone Day Care Centre is a non-profit corporation licensed by the Ontario Ministry of 

Community and Social Services. The centre is located on the grounds of the Canadian 

Parent Research Institute (CPRI), London, Ontario. On October 16 of 2006, Kidzone 

was provided with notice by CPRI to vacate its current premises, as the latter required 

the space for its expanding programs. Kidzone was then left with two choices - either 

cease operations or find a new location. Since the October 2006 notice by CPRI, the 

vacate date has been extended twice and is now March 31,2009. 

Turning adversity into opportunity, the Board of Directors spearheaded a campaign to 

find a new home for the centre. We feel it is important to note here the options that have 

been explored to date in an effort to find a new home for Kidzone: 

“The Old School House” on Gainsborough, 

The church at Hyde Park and Royal York, 

Several buildings and vacant properties, 

Local schools, churches and community centers, 

McCormick Home, 

Springbank vacant lot owned by City of London, 

Southdale and Boler Road vacant lot, 

Yolk Developments land leasing opportunities 

After looking into all of the above and twenty-three (23) months of searching we have 

been presented with the opportunity to put an offer on the Faith Community Christian 

School located at 7 Howard Avenue in Lambeth. 

Currently Kidzone has a conditional offer on the above property, which expires 

SeDtember 26. 2008. The Board felt that the site itself is amicable to childcare due to it’s 

internal layout as well as the green space that it has for playground use; however during 

our research into the feasibility of this site for Kidzone, it has been discovered that there 

are several structural issues that need to be addressed. These items are identified in 

Appendix E of this business plan. 

Kidzone presently operates at its licensed capacity of fifty children between the ages of 

three months to five years and offers three distinct programs - Infant, Toddler and 

Preschool. The new centre will operate at its optimum capacity of sixty-eight children, 

and will introduce a new curriculum as well as ramp up its existing programs. The Board 

of Directors comprises of past and present parents whose child(ren) attend or attended 

the childcare centre. 

The current waiting list consists of over 225 children, and is expected to remain intact 

after relocation due to the proximity of the new site. A series of marketing initiatives like 

an open house, advertising in local publications, and distribution of brochures and flyers 

in surrounding areas, is also planned in order to spread the word about the centre’s new 

location (see the MARKETING PLAN). 

Kidzone’s strong financial performance over the years is not only expected to continue, 

but improve significantly. 

1

It became clear during our research that many of the options we looked at would cost 

more on a monthly basis than Kidzone could afford. As indicated on the Income 

Statements, Kidzone pays a monthly Utilities fee of $1, 250.00, this includes rent, and 

utilities. It quickly became clear that Kidzone would need to keep to a monthly cost of 

$10,000.00, which includes leaselmortgage, taxes and utilities. 

Kidzone is seeking funding in the amount of $875,000 to support the development of the 

entire project. Of this amount, $525,000 is required immediately for purchase of land 

and building, as much as $400,000 is estimated for renovations, relocation and start-up 

costs and $200,000 far replacement of roof and windows. Kidzone is completely free of 

Long Term Debt. Kidzone will invest $150,000 of its equity, and the City of London 

Children’s Services has offered $100,000 toward the cost of relocation. Kidzone needs 

financial support to relocate, however once a new center is established, Kidzone will be 

able to support the ongoing financial requirements of running the center (see the 

FINANCIAL PLAN). 

2

THE KIDZONE DAY CARE CENTRE MISSION: 

Kidzone is a parent-operated daycare centre that has been formed to accomplish the 

following goals: 

1. To provide excellent group daycare services for children between the ages of 

three months and five years. 

2. To provide parents with the opportunity to have direct input into all aspects of the 

Centre's operation by encouraging them to interact frequently and meaningfully 

with staff, to attend annual meetings, to vote for or be a member of the Board of 

Directors, and to participate actively in the committee structure that has been 

established. 

3. To show leadership in the field of group day care by working to establish 

innovative programs, providing Kidzone staff with professional development 

opportunities and providing Early Childhood Education students with field 

placement opportunities. 

4. To benefit employers by providing a very attractive child care option to current 

and prospective employees. 

HISTORY OF KIDZONE 

Kidzone opened in June 1986, the result of a five year dream of CPRI employees and 

management to establish a work place childcare facility for 28 children within the 

premises of CPRI. 

The facility expanded in 1987 to a capacity of thirty-five children. Since then, Kidzone 

has extended its services to include children from Kidzone staff, Ministry of Community 

and Social Services, other Government Agencies, and the general public. In May 1991, 

Kidzone completed an expansion of its facility for ffleen additional preschool spaces, 

which created our Junior and Senior Preschool Programs for a total capacity of fay 

children three months to five years. In the spring of 1999, the two preschool rooms 

became 'Family Grouping' for children two and a half to five years at a capacity of f h n 

children per room. Kidzone introduced a School-Age Summer Program, 'Kamp Kidzone', 

for the summer of 2000. This program currently operates during July and August for 

twenty four children (six to twelve years of age) with three point five qualied staff at an 

off-site location. In January 2004, the Preschool Rooms became Junior Brite Star Room 

(fourteen children approximately thirty one months to three and a half years) and Senior 

Whiz Kid Room (fifteen children approximately three and a halt to five years years). 

Kidzone is licensed to provide care for fifty children; however, its management has 

elected to accommodate only forty nine children daily to provide a higher quality of care 

and learning to the preschoolers. 

As of January 18,2008, over two hundred and twenty five children are on the waiting list 

between March 2008 and May 2009. The strength of the waiting list is expected to 

remain intact, due to Kidzone's excellent reputation among parents and in the City of 

London, the proximity of the new premises, and the high demand for child care services 

in London, Ontario. 

3

SNAPSHOT OF CHILD CARE INDUSTRY 

Following are excerpts from the 2002 Statistics Canada study, ‘A profile of the chi/dcare 

setvices industry’ by Janine Stafford. 

“Canadian households spent $3.5 billion on childcare services in 1999. Ontario 

accounted for almost half (45%) of this amount largely because it has the most 

households using childcare services. As well, for Ontario households that spent on 

childcare in 1999, the average annual household bill was $3,110 - the highest in the 

country. This is partly because Ontario has the highest median monthly fees for full-time 

centre-based care.” 

“The average household expenditure on childcare in the home increased by 65.7% in 

Ontario since 1997, boosting overall childcare expenditures in the province”. 

“The childcare services industry has been transformed over the past decades. It has 

expanded to accommodate increased demand due to labour force and social climate 

changes. More mothers work outside the home and there are more lone-parent families 

needing childcare services while the parent is at work. All of this has occurred while 

Canada’s youth population has expanded, albeit at a much slower rate lately”. 

Based on the available research, it is reasonable to conclude that there exists a vibrant 

consumer market for child care services in London, Ontario, and that the demand for 

child care facilities will continue to grow in the coming years. Also, the acute shortage of 

child care facilities in London, Ontario offers great promise for experienced and 

reputable centres such as Kidzone to continuously expand its operations in the future. 

ORGANIZATIONAL STRUCTURE 

Kidzone currently has eleven full time employees (expected to increase to thirteen upon 

relocation), numerous supply staff and is operated by a Parent Board of Diredors as a 

non-profit childcare centre. Currently there are ten Board Members, comprised of past 

and present parents of children registered in the program along with two staff 

representatives. Kidzone realizes that the people who manage and oversee the 

organization will ultimately be the differentiating factor between success and failure of 

the new operation, and is fortunate to have a dynamic team of individuals who work hard 

to uphold the mission of the organization and cany out its day-to-day activities. Brief 

outlines of key management personnel and Board members are included below: 

Board of Directors: 

Staff Represenatives: 

Deborah Lukings - Director. E.C.E. qualifications. Employed at Kidzone since August 

1987. Director since February 1988. 

Jackie Mobberley - Associate Director. E.C.E. qualifications. Employed at Kidzone 

since 1989 

Krista Loughlin - Assistant to the Associate Director. E.C.E. qualifications. Employed 

at KidZone since 2005. 

Jessica Curtin -Assistant to the Associate Director. E.C.E. C. qualifications. Employed 

at Kidzone since 2007. 

4

Executive Board Members: 

Lianne Gallie - Board Chairperson. Parent since 2001. 

Ashley Mitchell -Vice Chairperson. Parent since 2005. 

Jeff DeGraw - Board Treasurer since 2001. Parent since 2002. Employed full 

time as a Controller at County Heritage. 

Staffing: 

When choosing staff for Kidzone, every effort is made to hire the most qualiiied and 

experienced people who best exemplii Kidzone's ideals. A diploma in Early Childhood 

Education (with lnfantrroddler specialization for the Infant and Toddler Rooms) or its 

equivalent is preferred. Some of the educators also have extended courses in Infant- 

Toddler care. In addition, to promote further professionalism, all staff members are 

required to be certified members of the Ontario Association for Early Childhood 

Educators. The staff is strongly encouraged to take advantage of opportunities to further 

develop their professional skills. Kidzone has allocated a small budget to pay registration 

fees for work-related courses and conferences. Examples of recent workshops attelldad 

by staff are: staff motivation, team building and communication, stress management, the 

development of the children's social skills, and creating a meaningful curriculum. 

In addition to daily activities, staff is required to complete a Periodic Review on each of 

the children in their group. The Periodic Review covers all areas of growth and 

development and is completed when the children are one year and eighteen months and 

then annually on their date of birth. Not only are these reviews invaluable to the parents 

regarding their child's development but they allow the staff to individualize a curriculum 

for each child in their particular group. 

The staff comprises of long term employees reflecting an exceptionally low turnover (on 

average fourteen years of service). This is a clear indication of their commitment to 

Kidzone, their professionalism, and the extremely positive work environment. 

In summary, Kidzone has been successful in attracting and maintaining highly qualified 

and caring educators. The Board of Directors and management are proud to be part of 

an organization that rewards the staff for their efforts with above average compensation 

relative to their industry peers and continue encourage the staff to build upon their 

existing skill sets. 

5

PROGRAM OUTLINE & FEE STRUCTURE 

Kidzone is divided into three programs - Infants, Toddlers and Preschool. We are also 

able to provide Summer Program School Age care. The following table displays 

Kidzone’s current capacity: 

- 

Number of Children 

Infants 3-20 months 10 

Toddlers 20-31 months 10 

Preschoolers 2 % - 5 yrs 30 

Summer Program 6 - 12 yrs 24 

-Tntal 76 

Number of Staff 

3 

2 

4 

3 

12 

In the new space, the number of preschoolers would increase to forty eight total eligible 

spaces for registration. We would be able to maintain if not increase our summer 

program spaces. 

As well, the number of staff will increase according to teacherlchild ratio requirements 

indicated in the Day Nursery Act (DNA). Kidzone will be required to increase its full-time 

staff to thirteen (currently eleven). The following table shows statutory teacherlchild ratio 

requirements: 

I INFANTS 

TODDLERS 

JR. PRESCHOOL 

SUMMER SCHOOL AGE 

I I Teacher for every 3 infants 

3 Teachers for every 10 infants 

1 Teacher for every 5 toddlers 

2 Teachers for every 10 toddlers 

1 Teacher for every 8 preschoolers 

2 Teachers for every 14 preschoolers 

1 1 Teacher for every 8 preschoolers 

2 Teachers for every 15 preschoolers 

1 Teacher for every 8 school age 

3 Teachers for every 24 school age 

GROUP 

INFANT 

TODDLER 

JUNIOR 

PRESCHOOL 

I 

FULL-TIME PART-TIME H ALF-DAY 

$21 5hnreek $46/day - 

($43 per day) 

$1 87.50heek $4llday - 

($37.50 per day) 

$1 77.50h~eek $381day - 

($35.50 Der day) .. 

I PRESCHOOL 1 ($33.25 oer dav) 1 I I 

(WHIZ KIDS) 

SUMMER SCHOOL I $150/week 1 NIA I NIA 

1 AGE I ($30.00 per day) 

,, 

On January 1, 2008, the fees for all groups increased by 3%. The increase of fees will 

not impact Kidzone’s ability to compete in the market, as the current rates are below the 

paying full fees. Kidzone revenue would not be significantly impacted by subsidy 

changes. 

6

PROGRAMMING: 

In the new space, Kidzone will incorporate many of the learning components outlined for 

the Junior and Senior Kindergarten curriculum approved by the school boards. 

Examples of information which are currently part of the curriculum are: 

Jolly Phonics and Pre-reading, Pre-writing skill development (e.g. letter 

recognition, sounds, copying, reading and writing concepts) 

Reading simple texts words and word combinations 

Mathematical concepts (e.g. addition, subtraction; shapes both 2 dimensional 

and 3D; numbers 0-1000; introduction to time and money) 

Physical activity 

Kidzone will make every effort to employ at least one teacher with primary education 

qualifications to program and work with the pre-school and school age group of children. 

Wings of Discovery" 

Kidzone is pleased to be a part of the Wings of Discovep curriculum which is 

Canada's first comprehensive science-based program for young children (six months to 

six years). Designed for childcare centres and kindergarten classrooms, the program 

helps children build knowledge and important life skills such as problem-solving, 

communication, language and math by engaging their innate curiosity of how the world 

works. This program creates positive attitudes, social skills, self-confidence and pride of 

accomplishment. It reinforces the fun of learning and the excitement of life. Wings of 

DiscoveryTM was developed through Let's Talk Science which is the first national not-for 

profit organization to offer hands-on science programs to children and youth in schools 

and community settings. 

IMMEDIATE OBJECTIVES 

Increase Enrolments: Starting off with thirty-five children in 1986, Kidzone quickly 

reached its maximum capacity of fifty children within a few years. Upon relocation in 

2008, we plan to increase this number to sixtyeight. This figure has been arrived at after 

carefully considering various potential enrolment figures and analyzing which scenario 

produces the highest surplus. 

Onsite Summer Proararn: Kidzone currently operates an off-site summer program, 

Kamp KidzonEand plans to carry out the program within its new premises after 

relocation. The resulting savings and increased enrolments of the summer program are 

expected to contribute to both revenue and surplus increases in the coming years. 

Junior and Senior Kindernarten Proarams: Kidzone will ramp up its existing 

Kindergarten programs for four to six year olds by replicating the programs that are 

offered at schools. We expect these programs to be very successful, since many parents 

who enroll their children at Kindergarten programs in schools find it difficult to pick up 

their children during work hours. Parents will take advantage of Kidzone's Kindergarten 

programs as children can remain in the centre until evening. Also, the lower child to 

childcare provider ratio will also be a great advantage over primary schools. 

7

COMPETITIVE SUMMARY 

The following is a list of current competitors for Kidzone and would remain some of the 

same for the new location: 

Whitehills Child Care at St. Thomas Aquinas Secondary School, 1360 

Oxford St. West. 

Byron Somerset Children’s Centre, London Children’s Connection, Bryon 

Somerset Public School, 175 Whisperwood Ave. 

St. Theresa YMCA Child Care, 108 Fairlane Ave 

Bryon Woods Montessori School, 1468 Commissioners Road West 

Kids’ Ark Day Nursery, 402 Commissioners Road West 

Little Red School House, 2350 Main St. Lambeth. 

Kidzone is well positioned to compete with any of these centres in terms of curriculum, 

staffing, fees and reputation. The goodwill and reputation that Kidzone has fostered over 

more than two decades of operations, positions it well to emerge as a leading child care 

centre in London, Ontario. 

Our research has shown that the City of London has grown by 5.1% (2006) since 2001. 

In 2001 the projected population growth in Lambeth was 10 - 50% and in the Talbot and 

Bostwick areas of London the projected population growth was 100% to 500%. the 

Longwoods area was projected to be 50% to 100% (Figures taken from the 2001 Best 

Start Initiative Information package). These figures clearly show there is a need for 

daycare spaces. Lambeth currently only has one full day childcare center and one 

nursery school program. 

Kidzone would certainly help service the growing need for childcare in the area@) 

surrounding Lambeth. 

8

MARKETING PLAN: 

The current waiting list of over two hundred and twenty five children is expected to stay 

intact upon relocation. These families currently reside in the Oakridge, Byron, Westmont, 

Riverbend, Komoka, Killworth and Delaware areas. However, the Board of Directors and 

management of Kidzone will not be complacent, and will continue to market Kidzone 

aggressively. The overall goal of the marketing committee is to develop Kidzone Day 

Care Centre’s brand identity by promoting it as a superior day care establishment based 

on the education credentials of staff, years of day care service in the community, and 

excellent reputation. 

Once the new location opening date has been determined, advertising and telephone 

calls to wait list families can commence with the expectation that the center can be at full 

capacity at opening day. 

Positioning: 

The Kidzone Day Care Centre is a quality day care organization with an outstanding 

reputation in the London Community. Kidzone will be positioned as a quality day care 

organization with outstanding management and staff, offering innovative programs and a 

child-centred learning environment. 

Taraet Markets: 

New membership is targeted from the following areas: 

Open House: 

Families from south Byron 

Lambeth and St. Thomas families working in London 

Kilworth, Komoka, Delaware and Riverbend families 

Kidzone firmly belies that word-of-mouth is the best form of initial pubkity for a day 

care centre, and plans to organize an Open House event upon opening; this would 

advertise the centre to the community. Current families and prospective families from the 

area will be invited and encouraged to spread the word. 

Advertising: 

Periodic press advertisement will be placed in various community publications such as: 

Mom 8, Caregiver 

London Kids Magazine 

Welcome Wagon 

Childreach 

London Caregivers Referral Network 

In addition, Kidzone will solicit publicity in the London Free Press, The Londoner, FYI 

London, and London Business Magazine. 

9

Brochures and Flyers: 

Kidzone plans to develop full-colour brochures and flyers which will be distributed in key 

locations within the demographic area. St. Leonard’s society will do the drop for free. 

Kidzone is in the process of developing a website with design time being donated to us. 

The site will be registered on both Gocgle and Yahoo! Search engines. Full information 

updates will be conducted for sites that can lead prospective families to Kidzone. 

Familyinfoxa, health1ine.m and investinginchildren.com will be contacted to ensure that 

Kidzone can be located during a day care space web search. 

FundraisinE 

In January of 2008, Kidzone made an application to the Canada Revenue Agency to 

receive ‘charitable organization’ status and expects to be approved by early 2009. This 

will enable Kidzone to solicit taxdeductible donations from various parties and apply for 

Foundation Grants. Currently, we have come up with the following ideas to step-up 

fundraising: 

Foundation Grants: 

Once Charitable status has been approved, Kidzone will solicit grants from foundations 

and is currently in the process of identifying appropriate foundations and charitable 

organizations whose guidelines ffi the needs of Kidzone objectives 

SDecial Events: 

Over the years, Kidzone has organized numerous special events and will continue to do 

so at the new location as well. Examples of these events include silent auctions 

(auctioning donations from local businesses and families), Norcard (London-based 

company that sells holiday/greeting cards and calendars), scrap booking days, selling of 

annual and perennial plants, Regal and selling of poinsettias. These events have been 

consistently bringing in $6,000 - $7,000 annually for the past several years. This past 

year (2007), we have raised $10,000 with only current families. Our goal upon 

relocation is to raise $12,000 annually via special events with the increased enrolment. 

10

Current Financial Position: 

Kidzone has consistently produced surpluses over the past several years, and is 

completely free of long-term debt. The present scenario has been achieved by operating 

with a capacity of just fifty children. Upon relocation, when the program is expanded to 

accommodate sixty-eight children, Kidzone’s financial situation will improve even further, 

with surpluses crossing the six-figure mark. Detailed pro forma income statements for 

three years are included in APPENDIX C. 

We strongly believe that Kidzone has all the tools, skills and resources it needs to 

continue to succeed as a quality child care centre. Its dynamic Board of Directors, 

experienced Director and Associate Director, and of course its highly skilled, trained and 

experienced educational staff are among its greatest assets. We have no doubt that 

Kidzone will continue to provide superior quality child care, and continue to enjoy a 

reputation that will only aid in its achievement of its long-term goals and objectives. 

12

APPENDIX A 

Kidzone’s Financial Statements 

13

i 

i

AUDITORS' REPORT 

To the hrd 

of Directors of 

KMmne Daycan Centre: 

We have audited the statement of financial position of Kid&me Daycare Cenee as at August 31, 

2005 and the statements of operations and changes in net assets for the- year then ended. These 

fmcial ststements are the responsibility of managetnent Our respcnsibility is to nqmss an 

opinion on these fmancial statements based on our audit. 

We conducted our audit in LLccordance with Canadian generally accepted auditing standards. Tbse 

standards require that we plan and perform an audit to obtain reasonable ~ssurance whether the 

financial statements BCC fm of material miutatmmt. An audit includes examini on a test basis, 

evidence supporting the amounts and disclosures in the financial statements. An audit also ineludes 

assessing the accounting principles used and significant estimates made by management, as well as 

evaluating the overall financial statemat presentation. 

In common with many charitable organizations, Kidzone Daycare centre derives mmue from 

fundraising acti~ities the canpleteness of which is not SUSCdptiMe of satisfactory audit verification. 

Accordingly, our verification of thw revenues was limited to the amouots rcuxdcd in the reooFds 

of Kidnone Daycare Centre as we were not able to debemhe wh&er any adjustmeats might be 

necessary to revenueri, net revenue (expenses) for the year, assets and net assets. 

In our opinion, except for the effect of adjustments, if any. which we might have determined to be 

necessary had we been able to satisfy ourselves concerning the completeness of the revenue refamd 

to in the preceding paragraph, these fmncial statements present fairly, in all material respects, the 

fmancial position of Kidzone Daycare Centre as at August 31,2005 and the d t s of its aperr&m 

forthe year then ended in accordance with Canadian generally accepted aooounting principles. 

Loudon, Ontario 

June 19,2006 

Cbaltered Accountants 

131 Whamdiffe Road South London. Ontario, Canada N61 2K4Telephonc: 519 4 1 9231 * FaulmilL: 519 €45 1197 ww.mwas.~nca

KJDmm DAYCARE 

STATEMENT OF FINANCIAL POSlTION AS AT AUGUST 31. 

2005 

Operating 

Fund 

Fondraising 

Fond 

2004 

mil 

ASSETS: 

Current Assek 

Cash S 103,899 $ 16,522 $ 120,421 

Accaunts receivable 5,553 - 5,553 

$ 71,091 

42,480 

Due from fundraising fund 

to opemting fund 9.9930 - - 

Capital Asseta (Note 2): 

Leasehold improvements, 

equipment and furniture 

119,445 6,529 125,974 113,571 

S 119.446 $. 6.529 $125.975 $- 

LIABILITIES ANDFUNDBALANCES 

Current Liabilities: 

Accounb payable and accrued liabilities $ 17,388 $ $ 17,388 $ 16,662 

Deferred fee revenue 10,525 10,525 9,691 

Deferred subsidy revenue 9.144 - 9.144 . 

37.051 - 37.057 26.353 

Contingency (rvote 3) 

Fund Balsacis: 

Internally restricted: 

Fundraising fund (Note 4) - 6,529 6,529 14,407 

Reserve (Note 3) 20,000 - 20,000 20,000 

Unrestricted 62.389 62389 52.812 

Appmvd J& 

tbe Board of Direetonr: 

82,389 6,529 88,918 87,219 

Director 

i 


$119.446 $a $ 125.972 $ , 113.5a

JUDZONX DAYCARE CENTRE 

STATEMENT OF OPERAm ONS - OPERATING FUND 

FORTHEYEAREND ED AUG UST 31. uw)5 

I 

Revennes: 

Parent fees 

Operating grants 

Pay equity p t (Note 3) 

Interest and miscellaneous 

Expendihres: 

Advertising 

Audit 

Bank charges 

Cleaning 

Employee benefits 

Family picnic 

Field trips 

Food 

InSuranCe 

Misce.llawwus 

mce 

Playground upgrades 

Program supplies 

Repairs and maintenance 

Salaries 

Staff development 

Summer program 

Telephone 

Toys 

Travel 

Utility costs 

Excess Of Revenues Over Expenditurea 

For The Year 

$ 392,231 $ 400,177 

109,728 109,728 

16,229 33,124 

809829 

518.997 543.858 

1,684 1,760 

1,980 2,423 

1,912 1,785 

12,956 13,170 

12,829 12,203 

1,899 1,400 

1,621 1,380 

22,864 22,399 

8,811 8,386 

236 214 

1,237 1.158 

348 12,616 

7.061 7.1 10 

1:773 is21 

406,736 385,095 

1,019 75 

8,032 9,321 

746 618 

282 

394 

1,683 

- 

15.oon15.M)o 

.LX!%&Q500317 

$9.577 kAul

STATEMENT OF OPERATIONS - ?TJNDRAISPTG FUM) 

FOR TBE YEAR ENDED AUGUST 31, u)o5 

operatiom: 

Fundraising proceeds - net 

Specifically allocated expenditures 

E- (Dciicieney) Of Revenue Over Expenditures 


.$ 7,111 .S 5,418 

14.995-

j 

KLDulNE DAYCARF. CENTRE 

STATEMJCNT OF CHANGES IN NET ASSETS 

FOR THE YEAR ENDE D AUGUST 31.2005 

Net Assets At Beginning Of 

The Year 

Excess @eficiency) Of Revenncs Over 

Expenditnres Far The Year 

Interfnnd Transfer (Note 3) 

Net Assets At End Of The Year 

2005 

Operating Fnndnising 2M)4 

Fund Fmd E%!?! ail! 

$ 52,812 S 14,407 S 67,219 $' 41,382 

957701.69945.837 

62,389 6,529 68Q 18 87,219 

- - -Gm.!?D 

$62.389 S 6.522 $ 68.918 S67.2Q

KIDZONE DAYCARE CENTRE 

NOTES TO THEFINANCIAL STATEMENTS 

AUGUST 31.2005 

1. Purpose Of The Organization: 

Kidzone Daycare Centre was incorporated under the laws of the Province of Ontario January 

17, 1986. 

The Corporation was formed to operate and maintain a non-profit daycare centre for the 

children of Children's Psychiatric Research Institute (CPRI) staff, CPRI school staff and other 

Minister of Community and Social Services M. 

2. Amnting Policies: 

These financial statements have been prepared in accordance with Canadian generally pccepted 

accounting principles consistent with the applicable guidelies for "non-profit" organizations and 

with the preceding year. Outlii below are those policies considerad particularly significant 

(a) Fund Accounting: 

The Kidzone Daycare Centre follows the restricted fund method of accounting for sources 

of finds and maintains its account9 in accordance with the principles of fund accounting. The 

operating fund accounts for the Daycare's operating activities. 

(b) Capital Assets and Amortization: 

(c) 

Leasehold improvements, equipment and furniture have been recorded at nominal value. 

All related expenditures are expensed in the year incurred. This policy is a result of the 

decision to porhay in the Statement of OperationS only those results of ounent operationS 

which have impact upon the working capital of the Centre. 

Revenue Rwgnition: 

Revenue is recognized in the period when med. Deferred revenue represents fees 

mived in advance and grants appmved and received in the period for program expenditures 

which have not yet been undertaken. 

..R


AUGUfX 31.2805 NOTES - PAGE 2 

3. Cuutiugeucy And Reserve: 

During 2004 Kidmne Daycare Centre received a pay equity grant of $33,124. The directors of 

Kidzone Daycare Centre have determined that the Centre may not be entitled to the full amount of 

this grant. As a result the Directors have established an internally restricted -e of $20,000 

which, in their opinion, is sufficient to fulfil any repayment requirements. 

4. Iaterndly RestrictedPond Balance: 

j 

The Board of Directors internally Wets the net fundrasing pmceeds to be used at their 

discretion to provide the daycare with goods or services that would be otherwise not available from 

the Operating Fund. 

5. Daycare Ceutre Oocupcy Commitmeue. 

Kidzone Daycare Centre agreed to reimburse CPRI for utility costs in the amount of $15,000 

per year in monthly instalments of $1,250 per month commencing January 1,1999. 

6. Statement Of Cash plows: 

A statement of cash flows has not been included herein as it would provide no additional 

meaningful information. 

!

KIDZONE DAYCARE 

FINANCIALSTATFXtfENTS 

AUGUST 31.2@06

. 

.. . ~...~. ..,~~ ,. .... ~ 

...... 

AUDITORS' REPORT 

To the Board of Directors of 

Kidzme Daycare Centre: 

We have audited the statement of finaacial position of Kidmne Daycare Centre as at August 31, 

2006 and the statements of operations and changes in net assets for the year thm ended. ll~ese 

financial statements are the mponsibility of management. Our responsibility is to express an 

opinion on these financial statements based on our audit. 

We conducted wr audit in acoordance with Canadian generally aoccptbd auditing standards. Those 

standards require that we plan and pxform an audit to obtaiin reasonable iimmnce whedm the 

financial stntemeats are fke of material misstatement. An audit includes examhrin$ on a test Wi 

evidence supporting the, amounts and disclosums in the fimial ststements. An audii also includer, 

ctlisessiog the accounting principles used and significant esthtes made by mmagmmt, as well as 

evaluating the overall financial statement presentation. 

In common with many charitable organizations, Kidzone Daycam Centre derivw revenue fiwn 

fundraising activities the completeness of which is not susceptible of satiafacto~~ audit vaification. 

Accordingly, our verification of these. revenues was limited to the amwnts recwded in the reoords 

of Kidme Daycan centre as we. were not able to detemrine. wh& any djustments mi&t be 

necesJary to revenues, net m u e (expenses) fw the year, assets and aet assets. 

In our opinion, except for the effect of adjustments, if any, which we might have determined to be 

messary had we been able to satisfy ourselves concerning the completeness of the revenue refwzed 

to in the preceding paragraph, t ha financial statements present fairly, in all material rqects, the 

financial position of Kidzone Daycare Centre as at August 3 1,2006 and the rarmlts of its opwetions 

for the year then ended in accordance with Canadian generally accepted accounting principles. 

London. Ontario 

March 20,2007 

Chartered AcaysnE.nts 

Licenced Publi Amnntants 

Marcus EL AlSOtfltes LL? Hoire-Dalton 

131 Wharncliffe Road South London. Ontario. Canid; N61 1K4 Telephone: 51) 133 9131 * kcrimllr: I19 645 I397 * IYWI.III~~CY~.O~.C~

..,, . ........ .. . ..~. 

, . 

i 

KIDZONF, DAYCARE C ENTRE 

STATEMENTO FFTNANCIAL POSITION AS AT AUGUST 31.2806 

ASSETS: 

Current Assets: 

Cash S 156,133 

Accounts receivable 6,354 

Due fivm fundraising fund 

to operating fund 

a 

172,913 

2006 

Pnldraid.g 

Fmd 

Tpg?l 

$ 18,812 S 175,005 

. 6,354 

0 - 

8,446 181,359 

2M5 

uta! 

0 120,421 

5,553 

- 

125,974 

Capital Assets (Note 2): 


equipment and fhrniture 1 

S 172.914. 

I 

L-ANDFUNDBALANCm 

Current Liabilities: 

Accounts payable and accrued liabilities $ 34,789 

Deferred fee revenue 8,514 

Deferred subsidy revenue 10.885 

Contingency (Note 4) 

54.188 

Fund Lwpnas: 

Intemallymrestricted: 

Fundraising fund mote 5) - 

Reserve (Note 4) 20,000 

IJNZStliCted, 98.726 

Approved By the Board of Directors: 

I 18,726 

s $ 34,189 

- 8,514 

- 10.885 

- 54.188 

8,446 8,446 

- 20,000 

98.726 

8,446 127,172 

$ 11388 

10,525 

9.144 

37.057 

6,529 

20,000 

a 

88,918

I 

=NE 

DAYCARE CENTRE 

# 

TATEMF,NT OF 

FORTBE YEAR ENDED AUGUST3 1. Mo6 

1 

Revenua: 


operating Brants 

Pay equity giant 

Interest and miscellaneous 

Expenditures: 

Advertising 

Audit 

Bank charges 

Cleaning 


Family picnic 

Field trips 

Food 

Insurancs 

Millaneous 

0ftiC.e 


Program supplies 


Salaries 



Telephone 

Travel 

Utility costs 

Excess Of Revennos Over Expenditures 


$ 434,828 $ 39231 

323,659 109,728 

18.672 16,229 

-809 

578.249518.997 

1.792 1,684 

2,520 1,980 

1,922 1,912 

12,935 12,956 

11,281 12,829 

5081 1,899 

973 1,621 

24,605 22,864 

6,611 8,811 

- 

236 

1,925 

2,687 

1,237 

348 

10,167 7,061 

1,217 1,773 

429,573 406,736 

1,011 1,019 

8,394 8,032 

828 746 

3,648 282 

542 394 

15.000 IS,oOp 

541.912509.420


STATEMENT OF OPERATIONS - FQNDRAISMG FUND 

FOR TEE YEAR ENDED AU GUST 31.2006 

Operations: 

Fundraising proceeds - net 

Specifically allocated expenditures 

Exm (Defihey) Of Revenue Over Expenditures 


$ 6,595 $ 1,117 

4.67814.995 

!

. . 

i 


p 

2oD6 

Operating Fnndding 2005 

Fund Fond TetJ. Totpl 

Netheb At Beginning Of 

The Year $ 82,389 S 6,529 S 88,918 S 87,219 

Ex- Of Reveuaes Over 

Expenditurm For The Year 

aa-2 

Net Assets At End Of Tbe Year $418.726 $ 8.442 S 127.172 $3 

I 

I

IUDZONE DAYCARE CENTRE 

NOTESTOTEIEFINANCLUST ATEMEW S 

AUGUST 31.2Q06 

1. Purpose Of The Organization: 

Kihe Daycare Centre was incorporated under the laws of the hvhw of Ontario Op 

Jarmary 17,1986. 

The Corporation was formed to operate and maintain a non-pmfa daycare centre for the 

childmn of Child and Parent Resource Institute (CPRI) stafz CPRI school staff and other Minister of 

Community and Social Services Staff. 

2. Accounting Policies: 

These financial statements have been prepared in a~~~rdance with Canadian generally accepted 

accounting principles consistent with the applicable guidelines for %on-profif' orgm*htions and 

with the preceding year. Outlined below are those policies considered particularly significant 

(a) Fund Accounting: 

The Kidzone Daycare Centre follows the restricted fund method of accounting f o r m 

of funds and maintains its 8ccwntF m accordulce with the principles of h d accoUnting. Ths 

operating fund accounts for the Daycare's operating activities. 

(b) CapitalAssets: 

Purchased capital assets are recorded at cost contributed capital assets are recorded at fair 

value at the date of contribution. Repain and maintenance wsts are charged to expense, 

Betterments which extend the estimated life of an asset rn Capiralizea. When a capital asset no 

longer contributes to the Corporation's ability to provide services, its canying amount is written 

down to its residual value. 

Capital assets are amortized using the following annual rates: 

(c) Revenue Recognition: 

Leasehold improvements straight-line method 10% 

Furniture and equipment declining balance method 20.h 

Revenue is recognized in the period when earned. Deferred revenue rc2pnsentr fees 

meived in advance and grants approved and received in the period for pmgram expenditures 

which have not yet been undertaken. The deferred revenue is recognized as revenue in the year 

in which the related expendtures are incurred. 

(d) Use of Estimates: 

The preparation of the financial statements in conformity with Canadian generally 

accepted accounting principles requires management to make estimates and assumptions that 

afFect the amounts reported in the fmancial statements. By their nature, these estimates are 

subject to measurement uncertainty and actual results wuld diftk from management's best 

estimates as additional information becomes available in the future. 

..n

KIDZONE DAYCARE CENTRF, 

AUGUfX 31.2006 NOTES - PAGE 2 

2. Aaoonbing Policies (continued): 

(e) Financial Instruments: 

The fair value of cash, Bccounts Rccivable, aumunts payable and aecmcd liabilities is 

approximately equal to their canying value. Unless &mise noted it is mamgemmt’s 

opinion that the company is not exposed to signifmt interwt, curracy or uudii risks arising 

from these financial instruments. 

3. Change Jn Aecomnting Policy And Financinl Statement Predentation: 

1 

In 2005, the Organization ppectively adopted the acc0ontin.g ncommmdations of tfia CICA 

Handbook for not-for-pdi orgnnizitions. 

Prior to September 1,2005, the Organization expensed its capital assets in tbe year of pumhase. 

The Organization prospectively, as the necessary fio~cial information w~ul not d t y 

determinable to apply the change retroaCtively, changed its policy to rccord capital asse!s at oog 

and amodze capital assets over their useful lives, in amrdance with the policy described above. 

During the current and comparative year, there has been no effect as there were no capital asset 

additions. 

4. Contingency And Reserve: 

During 2004 Kidzone Daycare Centre received a pay equity grant of $33,124. The directars of 

Kidzone Daycare Centre have determined that the Centrc may not be entitled to the full amount of 

this grant As a result the D mrs have established an internally restricted reserve of $20,000 

which, in their opinion, is sufficient to fulfil any repayment requirements. 

5. Internally Restricted Fund Balances: 

The Board of Dimtors internally #stricts the net fundraising proceeds to be used at thcir 

discretion to provide the d a m with goods or services that would be otherwise not availabte from 


6. Daycare Centre Occupancy Commitments: 

I Kidzone Daycare Centre a& to reimburse CPRI for utility costs in the amount of $15,000 

per year in monthly inskdments of $1,250 per month commencing~anuary 1,1999. 

..n

,.. .. ... . . 

KlDZONE DAYCARE CENTR& 

AUGUST 31.2006 NOTES - PAGE 3 

7. Statement Of Cash Flows. 

A statement of cash flow has not been included herein as the cash flea from the operating, 

investing and financing activities are readily apparent hm 

the. other financial statements. 

E. Subaeqnent Events 

Kidzone Daycare Centre's occupancy agreement with CPRI will end in April 2008, at which 

point the Daycare Centre will be required to relocate to otha premises in order to coatinue its 

operations. 

I 

Subsequent to the year end, the Board of Directors established an internally restricted m e to 

fund costs of relocation and approved the transfer of sZ0,OOO to this -e.

I(IDuINE DAYCARE CENTRE 

PINANCIALsTATEME~ 

AUGUST 31.2007

AUDITORS REPORT 

To the Board of D i m of 

Kidzone Dayare Centre: 

We have audited the statement of financial position of Kidzone Daw Centre as at August 31, 

2007 and the statements of operations and changes in net assets for the year then ended. Tbese 

fmancial statements are the responsibility of management. Our responsibility is to express an 

opinion on these financial wen@ based on out audit. 

We conducted our audit in accordance with Canadian generally accepted auditing standards. Those 

standards rpquire that we plan and perf' an audit to obtain reasonable assurance whethex the 

fmcial statements are free of material misstatemem. An audit includes examinii on a test basis, 

evidence supporting the amounts and disclosures in the financial statements. An audit also includes 

assessing the accounting principles used and significant estimates made by management, as well as 

evaluating the overall financial statement presentation. 

In common with many charitable organizations, Kidzone Daycare Centre derives revenue from 

fundraising activities the completeness of which is not susceptible of satisktov audit verificatiopl. 

Accordingly, our verification of these revenues was limited to the amounts mrded in the records 

of Kidzone Daycare Centre as we were not able to determine whethex any adjustments might be 

necessBly to revenues, net revenue (expenses) for the year, assets and net assets. 

In our opinion, except for the &ed of SdjUstmentF, if any, which we might have determined to be 

necessaty had we been able to satisfi ourselves concerning the completeness of the revenue referted 

to in the pding m h , these financial statements present fairly, in all material respects, the 

financial position of Kidzone Daycare Centn as at August 3 I, 2007 and the results of its operations 

for the year then ended in accordance with Canadian generally accepted accounting principles. 

London, Ontario 

January 26,2008 

Marcus Associates 111 Hoarc.Dalton 

131 Wharncliffe Road South London, Ontario, Canada 0 N61 2Kk Telephone: 519 433 9231 - F8csimlle: 519 645 1391 * m.marcus.on.ca

. 

,,. ~~ 

.. . . . ., 

KIDZONE DAYCARF. CENTRE 

SrllTEMENT OF FINANCIAL POSITIO N As AT AUGUST 31.2007 

2007 

Owrathe Funddm Relocation 2006 

ASSETS: 

Current Assets: 

Cash and cash equivalents 

Accounts receivable 

Prepaid deposit (Note 7) 

Due from fundraising fund 

to operating fund 

Due from operating limd 

to relocation fund 

Capital krscts (Note 2): 


equipment and furniture 

$ 164,914 $ 24,371 $ - 

14,366 - - 

- - 10,000 

11.620 (1 1,620) - 

(10.000) - 10.000 

180,900 12,751 20,000 

$ 189,285 $ 175,005 

14,366 6,354 

10,OOo 

- 

213,651 181,359 

LIABILITlESAND FUNDBALAN as: 

Cnrrent Liabilities: 

Accounts payable and 

accrued liabilities $ 34,863 $ - $ - $ 34,863 s 34,789 

Deferred parent fees 6,263 - - 6263 8,514 

Dcfelred operating grants 10.885 - - 10.885 10.885 

52.011 - - 52.01154.188 

Contingenq (Note 3) 

Fund Bplancos: 

Jnternally restricted (Note 4) 

Unrestricted 

20,000 

108.890 

12,751 

- 

20,000 

- 

52,751 28,446 

_108.89098.726 

128,890 12,751 20,000 161,641 127,172 

Appmved By the Board of Directors: 

$180.901 $12.751 $20.000 


Ditor

IUDZONEDAYCARECE~ 

STATEMENT 0 P OPERATIONS - OPERATING FUND 

FOR THE YEAR ENDED AUGUST 31.2007 

Revenoes: 


Direct fee subsidies 

summer program 

Operating grants 

Pay equity grant 

Interest 

EXpWS: 

Advertising 

Audit 

Bank charges 

Cltaning 


Family picnic 

Field trips 

Food 

Insurance 

Legal 

Ofice 


Pmgram supplies 

Relocation 


Salaries 



Telephone 

Toys 

Travel 

Utility costs 

Excess Of Revenues Over Expense 


2007 

$ 348,090 

70,572 

19,947 

I15380 

20,897 

4.095 

578.981 

2,376 

9,389 

2,175 

13,283 

17,433 

1,281 

1,283 

25,252 

8,822 

2,772 

1,852 

398 

8,620 

2,840 

1,296 

420,54 1 

2,098 

6,666 

756 

4,043 

64 1 

15.ooo 

548.817 

a!& 

S 368,616 

40,563 

25,649 

123,659 

18,672 

1.090 

-s!iuE! 

1,792 

2320 

1922 

12,935 

11281 

2,081 

973 

24,605 

8,811 

- 

1,925 

2,687 

10,167 

- 

1,217 

429373 

1,011 

8,394 

828 

3,648 

542 

54 1.9 12

I(IDZ0NE DAYCARE CENTRF; 

STATEMENT OF OPERATIONS - mRyDRAIs ING FCIND 

FOR THE YEAR ENDm AUGUST 31.2007 

ReVWUoS: 

Fundraising proceeds 

ErpellSeS: 

Fundraising 

Excess Of Revenma Over Eqmsea 


S 8,652 S 6,595 

4347.4.678

KJDZONE DAYCARE CENTRE 

STATEME NT OF CEANG ESMNE T ASSETS 

FOR TRE YEAR ENDED A UGUST 31.2007 

I 

Net Aascb At Begi.niug Of 

Excess MReveaues Over 

Mol 

Operating PnndraSing Relocation 2006 

Fund Fund Fund T M T0t.l 

me Year S 118,126 S 8,446 $ - $ 127,172 $ 88.918 

ErpeUStS 30.1544.305 - 34.46938254 

148,890 12,751 - 161,641 127,172 

Interfnmd Transfer (Rote 4) r20.00Q) - 20.000 - 

Net Asseda At End Of 

Tbe Year SlZBHep $12.751 $20,000 s,l6L4er. $127.172


NOTES TO THE FJlV A N C L U m A m 

AUGUST 31. 2007 

1. Purpnse Of The Otganhtion: 

Kidzone Daycare Centre was incorporated under the laws of the Province of Ontario on 

January 17, 1986, as a not-for-profit organization and is a c-le organizaton withim the 

meaning of the income tax act. 

The Corporation was formed to operate and maintain a non-profit daycare centre for the 

children of Child and Parent Resource Institute (CPRI) staff, CPRI school staffand other Ministry 

of Community and social Services Staff. 

2. Acconnting Pnliciea: 

I 

These financial statements have been prepared in accordance with Canadian generally accepted 

accounting principles consistent with the applicable guidelines for %on-pmfit" organi2ations and 

with the preceding year. Outlined below are those policies considered particularly significant 

(a) Restricted Fund lvlethd 

The Kidzone Daycare Centre follows the restricted fund method of accoUnting for s0urce.s 

of funds and maintains its accounts in accordance with the principles of fund accounting. 

The operating fund accounts for current operations and programs as well as general 

operations. Patent fees, restricted contributions and investment income to be used for 

operations are reported in this fund. 

The fundraising fund accountF for activities to raise funds and donations. Donations and 

fundraising revenues am reposed in this fund. 

The relocation fund accounts for activities to relocate the organjzation from its current 

location at CPRI, occupancy of which will terminate October, 2008. 

(b) CapitalAssets: 

Purchased capital assets are recorded at cost Contributed capital assets are mrded at fair 

value at the date of contribution. Repairs and maintenance casts are charged to cxpenst. 

Betterments which extend the estimated life of an asset are capitalized. When a capital l ~~set m 

longer contributes to the Corporation's ability to provide its carrying amolmt is written 

down to its residual value. 

Capiil assets are amortized using the following annual rates: 

Leasehold improvements straight-line method 1 wo 

Furniture and equipment declining balance metbod 2Ph 

..R


AUGUST 3 1.2007 

NOTES -PAGE 

I 

2. Accounting Policies (continued): 

(c) Revenue Recognition: 

Revenue is recognized in the period when earned in the fund corresponding to the purpost 

for which they were contributed. Deferred revenue represents fees received in advance and 

grants approved and received in the period for program expenditures which have not yet been 

undertaken. The deferred revenue is recognized as revenue in the year in which the related 

expendim ate incurred. Donations and fundraising revenues are recognized in the 

fundraising fund. 

(d) UseofEstimates: 

The prepamtion of the financial statements in conformity with Canadian $enerally 

accepted sccounting principles requires management to make estimates and assumptions that 

affect the amounts reported in the fhancial statements. By their nature, these estimsteS are 

subject to measurement uncertainty and actual results could differ fiom managements best 

estimates as additional information beoomes available in the. fi~hm. 

(e) Financial Instruments: 

The fair value of cash, operating grants meivable, Bccounts payable and accd 

liabili is approximately qual to their carrying value. Unless otherwise noted, it is 

management’s opinion that the company is not exposed to significant interest, currency or 

credit risks arising fiom these financial instruments. 

3. Contingency: 

During 2004 Kidzone Daycat? Centre received a pay equity grant of $33,124. The directors of 

Kidzone Daycare Centre have determined that the centre may not be entitled to the full amount of 

this grant. There bas not been a request for repayment of this pay equity grant and therefore the 

amount of any liability is not currently predictable. 

4. Internnlly Reshieted Fund Bsl.nees: 

The Board of Directors internally restricts the net fundraising proceeds to be used at their 

dimtion to provide the daycare with goods or services that would otherwise not be available from 


The Board of Directors have interdly dcted $20,000 of the operating fund to saw the 

contingent liability describd in Note 3. 

htring the year, the. Board of Directors transfed $20,000 (2006 - $NIL) fmm the opedng 

fund to the relocation fund for the relocation of the organization dsribed in Note 7. This h Wly 

restricted amount is not available for other purposes without approval by the Board of Directors. 

..n

KlDulNE DAYCARE CENTRE 

AUGUST 31.2007 NOTES - PAGE 3 

5. Daycare Centm Occnponcy Commitmenk 

Kidzone Daycare Centre. agrad to reimburse CPRI for utility costs in the amount of Sl5,OOO 

per year in monthly installments of $1,250 per month commencing January 1,1999. 

6. Statement Of Cash Flows: 

A statement of cash flows has not been included herein as the cash flows from the operatin& 

investing and financing activities m readily appamt from the other financial statements. 

7. Snbseqaent Event: 

Kidzone Daycare Centre's occupancy agreement with CPRI will end in October 2008, at which 

time the Daycare Centre will be required to relocate to other premises in order to continue its 

operations. To facilitate the relocation, a conditional real estate deposit of $10,000 has been made 

towards the possible acquisition of a property and SZ0,OOO has been internally restricted by the 

Board of Directom. To date, a facility has not been secured.

.. . . . 


Income Statement Comparison Actual to Budget 

September, 2007 

REVENUE 

REVENUE 

F undraising Revenue 

Parent Fee Revenue 

Subsidy Revenue 

Interest Income 

TOTALREVENUE 

Month of 

SeplO7 

0.00 

30,708.69 

10,885.40 

412.95 

42,007.04 

Year To Date 

SeplO7 

0.00 

30,708.69 

10,885.40 


42,007.04 

Budget Difference 

TOTALREVENUE 

42,007.04 

42,007.04 

EXPENSES 

EXPENSES 

Advertising 

Audit Fees 

Bank Charges 

Relocation Fees 

Gleaning 

Field Trips 

Food 

Fundraising Allocation 

Insurance 

Miscellaneous 

Office & General 

Payroll Charges 

Playground 

Program Supplies 

Repairs & Maintenance 

Staff Benefits 

Staff Development 

Telephone 

Toys 

Travel 

Wages 

Special EventdFunctions 

Utilities 

Summer Program Expenses 

TOTALEXPENSES 

159.00 

0.00 

16.76 

2,772.28 

1,219.00 

170.00 

1,911.42 

0.00 

815.12 

0.00 

423.88 

119.92 

0.00 

809.93 

392.29 

1,427.86 

0.00 

65.23 

0.00 

0.00 

29,383.43 

0.00 

1,250.00 

0.00 

40,936.12 

159.00 

0.00 

16.76 

2.772.20 

1,219.00 

170.00 

1,911.42 

0.00 


0.00 

423.88 

119.92 

0.00 

809.93 

392.29 

1,427.86 

0.00 

65.23 

0.00 

0.00 

29,383.43 

0.00 

1,250.00 

0.00 


TOTAL EXPENSES 



Surplusl(Deficit) 

1070.92 

A 

1070.92 

L


Balance Sheet As At September 30,2007 

ASSETS 

ASSETS 

Petty Cash 

BIM-Operating 

Fundraising B/M 

Investment-Manulife 

Investment-Manulife Equity 

Investment-Manulife Relocate 

AIR-City of London 

NR-Middlesex 

AIR-Other 

DepositdRelocation 

Capital Assets 

TOTALASSETS 

TOTAL ASSETS 

LIABILITIES 

68.85 

41,358.24 

24,371.39 

107,477.84 

0.00 

20,089.94 

4,943.44 

2,290.57 

0.00 

10,000.00 

1 .oo 

2 10,BO 1.27 

- 

210,601.27 

LIABILITIES 

Accounts Payable 224.23 

Accrued Audit Fees 1,200.00 

Accrued Wages Payable 14,576.36 

Deferred Parent Fees 6,652.04 

Deferred Subsidy 10,885.40 

TOTAL LIABILITIES 33,538.03 

TOTAL LIABILITIES 33.538.03 

EQUITY 

NET ASSETS 

Net Assets-Opting Fund 163,942.40 

Net Assets-Fundraising Fund 12,049.92 

Current Earnings 1,070.92 

TOTAL NET ASSETS 177,063.24 

TOTAL EQUITY 177,063.24 

LIABILITIES 8 EQUITY 210,601.27

. . .. .. . . .. 


Trial Baiance as at September 30,2007 

Debts 

Credits 

1030 PettyCash 

1040 BIM-Operating 

1050 Fundraising B/M 

1060 Investment-Manulife 

1070 Investment-Manulife Equity 

1080 Investment-Manulife Relocate 

1200 AIR-City of London 

1215 AIR-Middlesex 

1220 AIR-Other 

1225 DepositdReiocation 

1601 Capital Assets 

2100 Accounts Payable 

2105 Accrued Liabilities 

21 10 Accrued Audit Fees 

2115 Accrued Wages Payable 

2130 Deferred Parent Fees 

2140 Deferred Subsidy 

3010 Net Assets-Opting Fund 

3015 Net Assets-Fundraising Fund 

3650 Retained Earnings 

4010 Fundraising Revenue 

4020 Parent Fee Revenue 

4030 Subsidy Revenue 

4050 Interest Income 

4060 Other Income 

4070 Summer Program 

5010 Advertising 

5020 Audit Fees 

5030 Bank Charges 

5040 Relocatiin Fees 

5050 Cleaning 

5060 Field Trips 

5070 Food 

5075 Fundraising Allocations 

5060 Insurance 

51 10 Miscellaneous 

5120 Off& 8 General 

5130 Payroll Charges 

5135 Playground 

5140 Program Supplies 

5150 Repairs & Maintenance 

5170 Staff BeneMs 

5180 Staff Development 

5190 Telephone 

5210 Toys 

5220 Travel 

5230 Wages 

5240 Wages-Summer Program 

5250 Special Events 

5260 Utilities 

5270 Summer Program Expenses 

66.85 

41,35824 

24,371.39 

107,477.04 

0.00 

20,089.94 

4,943.44 

2.290.57 

0.00 

10,000.00 

1.00 

224.23 

0.00 

1,200.00 

14,576.36 

6,652.04 

10,885.40 

163,942.40 

12,049.92 

159.00 

16.76 

2,772.26 

1,219.00 

170.00 

1.911.42 


423.88 

119.92 

809.93 

392.29 

1,427.86 

65.23 

29,363.43 

1,250.00 

30,708.69 

10,885.40 


251,537.39 251,537.39

Kidzone Day Care Centre he. 


September, 2007 to October, 2007 

REVENUE Month of Year To Date 

OCt107 

OCt107 

REVENUE 

Fundraising Revenue 1,808.00 1,808.00 

Parent Fee Revenue 34,136.11 64.844.80 

Subsidy Revenue 10,885.40 21,770.80 


455.46 868.41 

TOTAL REVENUE 

47.284.97 89,292.01 


TOTAL REVENUE 47.284.97 89,292.01 

EXPENSES 

EXPENSES 

Advertising 

Audit Fees 

Bank Charges 


Cleaning 

Field Trips 

Food 


Insurance 

Miscellaneous 



Playground 





Telephone 

Toys 

Travel 

Wages 

Special EventslFunctions 

Utilities 


159.00 

0.00 

15.32 

0.00 

1,219.00 

141.09 

1,694.79 

1,844.33 


0.00 

37.05 

118.35 

0.00 

741.54 

0.00 

1,508.06 

0.00 

65.23 

0.00 

58.07 

34,762.56 

80.00 

1,250.00 

44,509.51 

318.00 

0.00 

32.08 

2,772.28 

2,438.00 

31 1.09 

3,606.21 

1,844.33 

1,630.24 

0.00 

460.93 

238.27 

0.00 

1.551.47 

392.29 

2,935.92 

0.00 

130.46 

0.00 

58.07 

64,145.99 

80.00 

2,500.00 

85,445.63 

TOTAL EXPENSES 44,509.51 

SUrplUs/(DefiCit) 2,775.46 

85,445.63 

3,846.38

... 

, ~~ 

.,.. ~ .. 


Balance Sheet As At October 31,2007 

ASSETS 

ASSETS 

Petty Cash 68.85 

B/M-Operating 19,114.92 

Fundraising BIM 25,111.05 

I nvestment-Manulife 107,842.97 

Investment-Manulife Relocate 20,158.19 

AIR-City of London 11,149.27 

AIR-Middlesex 4,355.57 

DepositslRelocation 10,000.00 

Capital Assets 1.00 

TOTALASSETS 197,801.82 

TOTAL ASSETS 

197 801.82 

-L--- 

LIABILITIES 

LIABILITIES 

Accounts Payable 0.00 

Accrued Audit Fees 1,200.00 

Accrued Wages Payable 3,750.00 

Deferred Parent Fees 2,127.72 

Deferred Subsidy 10,885.40 

TOTAL LIABILITIES 17,963.12 

TOTAL LIABILITIES 17,963.12 

EQUITY 

NET ASSETS 

Net Assets-Opting Fund 163,942.40 

Net Assets-Fundraising Fund 12,049.92 

Current Earnings 3,846.38 

TOTALNETASSETS 179,838.70 

TOTAL EQUITY 179,838.70 

LIABILITIES 8 EQUITY 197,801.82

5230 Wages 64,145.99 


5250 Special Events 80.00 

5260 Utilities 2,500.00 


283.247.45 283,247.45

Kidzone Day Care Centre InC. 

Trial Balance as at October 31,2007 

Debits 


1030 Petty Cash 68.85 

1040 EVM-Operating 

19.214.92 

1050 Fundraising B/M 25,111.05 

1060 Investment-hnanulife 107,842.97 

1080 Investment-Manulife Relocate 20,158.19 


11,149.27 


4,355.57 

1220 NR-Other 

0.00 

1225 DepositslRelocation 

10,000.00 


1.00 


2105 ~ccrued Liabilities 

2110 Accrued Audit Fees 








4020 Parant Fee Revenue 

4030 subsidy Revenue 







5040 Relocation Fees 

5050 Cleaning 


5070 Food 



5110 Miscellaneous 

5120 Office & General 




5150 Repairs 8 Maintmance 

5170 Staff Benefits 



5210 Toys 

5220 Travel 

318.00 

32.08 

2,772.28 

2,438.00 

311.09 

3,606.21 

1,844.33 

1,630.24 

460.93 

238.27 

1,551.47 

392.29 

2,935.92 

130.46 

58.07 

0.00 

0.00 

1,200.00 

3,750.00 

2,127.72 

10,88540 

163,942.40 


1,808.00 

64,844.60 

21,770.t30 

868.41

~... . -. - . ... . .. 

Kidzons Day Care Centre Inc. 


September, 2007 to November, 2007 

REVENUE 

REVENUE 

Fundraising Revenue 




TOTAL REVENUE 

TOTAL REVENUE 

EXPENSES 

Month of Year To Date 

Novl07 

NovlO7 

2,281.02 4,089.02 

28,654.41 93,499.21 

10.885.40 32.656.20 

422.04 11290.45 

42,242.87 131,534.88 

42,242.87 131,534.88 


2,250.00 1,839.02 

98,750.00 -5,250.79 

32.625.00 31.20 

1,000.00 290.45 

134,625.00 -3.090.12 

134,625.00 -3,090.12 

EXPENSES 

Advertising 

Audit Fees 

Bank Charges 


Cleaning 

Field Trips 

Food 


Insurance 

Miscellaneous 



Playground 





Telephone 

Toys 

Travel 

Wages 


Utilities 


168.01 

0.00 

21.40 

2,332.00 

1,219.00 

96.50 

1,563.28 

1,310.42 


0.00 

191.05 

124.20 

0.00 

547.52 

1,340.97 

957.75 

0.00 

65.86 

0.00 

36.33 

35,163.88 

94.73 

1,250.00 

47,298.02 

486.01 

0.00 

53.48 

5,104.28 

3,657.00 

407.59 

5,169.49 

3,154.75 

2,445.36 

0.00 

651.98 

362.47 

0.00 

2,098.99 

1,733.26 

3,893.67 

0.00 

196.32 

0.00 

94.40 

99,309.87 

174.73 

3,750.00 

132,743.65 

450.00 36.01 

0.00 0.00 

62.50 -9.02 

1,250.00 3,854.28 

3,750.00 -93.00 

325.00 82.59 

6,250.00 -1,080.51 

1,000.00 2,154.75 

2,500.00 -54.64 

50.00 -50.00 

625.00 26.98 

500.00 -137.53 

0.00 0.00 

2,500.00 -401.01 

750.00 983.26 

3,750.00 143.67 

250.00 -250.00 

187.50 8.82 

0.00 0.00 

150.00 -55.60 

102.500.00 -3,190.13 

375.00 -200.27 

3,750.00 0.00 

130,975.00 1,768.65 


SUrplUsl(DefiCit) 

- 

47,298.02 

-5,055.15 

132,743.65 

-1,208.77 

P 

= 

130,975.00 1,768.65 

3,650.00 -4,858.77


Balance Sheet As At November 30,2001 

ASSETS 

ASSETS 



Fundraising EN 27,362.07 

Investment-Manulife 108,197.52 

Investment-Manulife Relocate 20.224.46 

AfRCity of London 

AfR-Middlesex 



TOTAL ASSETS 

5,005.57 

1,995.00 

10,000.00 

1 .oo 

209,429.27 

TOTAL ASSETS 

209,429.27 

LIABILITIES 

LIABILITIES 

Accounts Payable 

Accrued Audit Fees 

Accrued Wages Payable 

Deferred Parent Fees 

Deferred Subsidy 

TOTAL LIABILITIES 


1,452.87 

1,200.00 

7,680.48 

13,426.97 

10,885.40 

34,645.72 

34,645.72 

EQUITY 

NET ASSETS 

Net Assets-Opting Fund 

Net Assets-Fundraising Fund 

Current Earnings 

TOTAL NET ASSETS 

TOTAL EQUITY 

LIABILITIES 8 EQUITY 

163,942.40 


-1,208.77 

174,763.55 

174.783.55 

209 429.27 

A


Trial Balance as at November 30,2007 

Debits 



1040 BIM-Operating 36,574.80 


1060 Investment-Manulife 108,197.52 








2105 AWN& Liabilities 













4070 Summer Pmgram 





5050 Cleaning 


5070 Food 








5150 Repairs 8 Maintenance 




5210 Toys 

5220 Travel 

5230 Wages 





20i224.46 

5,005.57 

1,995.00 

0.00 

10,000.00 

1.00 

486.01 

53.48 

5,104.28 

3.657.00 

407.59 

5,169.49 

3,154.75 

2.445.36 

651.98 

362.47 

2,098.99 

1,733.26 

3,893.67 

196.32 

94.40 

99,309.87 

174.73 

3.750.00 

1,452.87 

0.00 

1,200.00 

7,660.48 

13,426.97 

10,885.40 

163,942.40 


4,089.02 

93,499.21 

32,656.20 

1,290.45 

342,172.92 342.172.92

Kldzone Day Care Centre Inc. 


September, 2007 to December, 2007 

REVENUE 

REVENUE 





TOTALR-NUE 


W07 

775.00 

34,518.47 

10,885.40 

418.56 

46,597.43 

Year To Date 

DedO7 

4,864.02 

128,017.68 

43,541.60 

1,709.01 

178,132.31 

Budget 

Difference 

3,000.00 1,864.02 

131,666.67 -3,648.99 

43,500.00 41.60 

1,333.33 375.68 

179,500.00 -1,367.69 

TOTAL REVENUE 

46,597.43 

178.132.31 

179,500.00 -1,367.69 

EXPENSES 

EXPENSES 

Advertising 

Audit Fees 

Bank Charges 


Cleaning 

Field Trips 

Food 


Insurance 

Miscellaneous 



Playground 





Telephone 

Toys 

Travel 

Wages 

Special EventsIFunctions 

Utilities 


168.01 

0.00 

10.96 

0.00 

1,219.00 

0.00 

1,940.40 

1,104.77 


0.00 

37.05 

182.26 

0.00 

686.91 

0.00 

1,255.68 

0.00 

63.64 

0.00 

48.23 

33,458.74 

0.00 

1,250.00 

42,240.77 

654.02 

0.00 

64.44 

5,104.28 

4,876.00 

407.59 

7,109.89 

4,259.52 

3,260.48 

0.00 

689.03 

544.73 

0.00 

2.785.90 

1,733.26 

5,149.35 

0.00 

259.96 

0.00 

142.83 

132,768.61 

174.73 

5,000.00 

174,984.42 

600.00 54.02 

0.00 0.00 

83.33 -18.89 

1,866.67 3,437.61 

5,000.00 -124.00 

433.33 -25.74 

8,333.33 -1.223.44 

1,333.33 2,926.19 

3,333.33 -72.85 

66.67 -66.67 

833.33 -144.30 

666.67 -121.94 

833.33 -833.33 

3,333.33 -547.43 

1,000.00 733.26 

5,000.00 149.35 

333.33 -333.33 

250.00 9.96 

1,M)o.Oo -1.oo0.00 

200.00 -57.37 

136.666.67 -3,898.06 

500.00 -325.27 

5,000.00 0.00 

176,466.65 -1,482.23 


SUrplUsl(DefiCit) 

42,240.77 

- 

4,356.66 

174,984.42 

3 147.89 

b 

176,466.65 -1,482.23 

3,033.35 114.54

. . .. . 


Balance Sheet As At December 31,2007 

ASSETS 

ASSETS 

Petty Cash 

WM-Operating 

Fundraising B N 


Investment-Manulie Relocate 

AR-City of London 

AIR-Middlesex 

DepositslRelocation 


TOTAL ASSETS 

TOTAL ASSETS 

68.85 

40,408.41 

27,827.07 

108,549.09 

20,290.18 

5,231.32 

4,200.00 

- 

10,000.00 

1 .oo 

216,575.92 

216 575.92 

LIABILITIES 

LIABILITIES 



ACCN~ Wages Payable 




TOTAL LlABlLITlES 

0.00 

1,200.00 

17,011.77 

8,338.54 

10,885.40 

37,435.71 

37,435.71 

EQUITY 

NET ASSETS 





TOTAL EQUITY 


163,942.40 

12.049.92 

3,147.89 

179,140.21 

179,140.21 

216,575.92


Trial Balance as at December 31,2007 

Debits 


1030 P a Cash 68.85 

1040 B/M-Operating 40,408.41 

1050 Fundraising BIM 27,827.07 






1225 Deposits/Relocation 





21 15 Accrued Wages Payable 
















5050 Cleaning 


5070 Food 




5120 Office & Genwal 








5210 Toys 

5220 Travel 

5230 Wages 





20,290.18 

5.231.32 

4,200.00 

0.00 

10,000.00 

1 .oo 

654.02 

64.44 

5,104.28 

4,876.00 

407.59 

7,109.89 

4,259.52 

3,260.48 

689.03 

544.73 

2,785.90 

1,733.26 

5,149.35 

259.96 

142.63 

132,768.61 

174.73 

5.000.00 

0.00 

0.00 

1,200.00 

17,011.77 

8,338.54 

10,885.40 

163.942.40 


4.864.02 

128,017.68 

43,541.60 

1.709.01 

391,560.34 391,560.34


Income Statement Compan'son Actual to Budget 

September, 2007 to January, 2006 

REVENUE 

REVENUE 





TOTAL REVENUE 


Jan108 

400.16 

37,638.88 

10,885.40 

410.57 

49,335.01 

Year To Date 

Jan108 

5,264.18 

165,656.56 

54.427.00 

2,119.58 

227,467.32 

Budget 


3,750.00 1,514.18 

164,583.33 1,07323 

54,375.00 52.00 

1,666.67 452.91 

224,375.00 3,092.32 

TOTALREVENUE 

49,335.01 

227,467.32 

224,375.00 3,092.32 

EXPENSES 

EXPENSES 

Advertising 

Audit Fees 

Bank Charges 


Cleaning 

Field Trips 

Food 


Insurance 

Miscellaneous 

Office 8 General 


Playground 





Telephone 

Toys 

Travel 

Wages 


Utilities 


166.43 

0.00 

11.72 

0.00 

1,219.00 

0.00 

1,288.05 

1,443.24 

697.17 

0.00 

141.84 

76.93 

0.00 

1,145.61 

0.00 

1,167.77 

0.00 

68.94 

0.00 

46.73 

31,054.50 

634.07 

1,250.00 

40,412.00 

820.45 

0.00 

76.16 

5,104.28 

6,095.00 

407.59 

8.397.94 

5,702.76 

3,957.65 

0.00 

830.87 

621.66 

0.00 

3,931.51 

1,733.26 


0.00 

328.90 

0.00 

189.36 

163,823.1 1 

808.80 

6,250.00 

21 5,396.42 

750.00 70.45 

0.00 0.00 

104.17 -28.01 

2,083.33 3,020.95 

6,250.00 -155.00 

541.67 -134.08 

10,416.67 -2,018.73 

1,666.67 4,036.09 

4,166.67 -209.02 

83.33 -83.33 

1,041.67 -210.80 

833.33 -21 i .67 

1.041.67 -1,041.67 

4,166.67 -235.16 

1,250.00 483.26 

6,250.00 67.12 

416.67 -416.67 

312.50 16.40 

1.250.00 -1,250.00 

250.00 -60.64 

170,833.33 -7,010.22 

625.00 183.80 

6,250.00 0.00 

220,583.35 -5,186.93 



21 5,396.42 

220,583.35 -5,186.93 

Surplus/(Deficit) 

8,923.01 


3,791.65 8,279.25


Balance Sheet As At November 30,2007 

ASSETS 

ASSETS 

Petty Cash 

B/M-Operating 





AIR-Middlesex 



TOTAL ASSETS 

TOTAL ASSETS 

LIABILITIES 

LIABILITIES 








68.85 

36,574.80 

27,362.07 

108,197.52 

20,224.46 

5,005.57 

1,995.00 

10,000.00 

I .oo 

209,429.27 

- 

209,429.27 

1,452.87 

1,200.00 

7,680.48 

13,426.97 

10,885.40 

34,645.72 

34,645.72 

EQUITY 

NET ASSETS 





TOTAL EQUITY 

LIABILITIES B EQUITY 

163,942.40 


-1,208.77 

174,783.55 

- 

174,783.55 

209,429.27


Trial Balance as at November 30, 2007 

Debits 



1040 BIM-Operating 36,574.80 






1220 AIR-Othw 










3015 Net AssetsFundraising Fund 












5050 Cleaning 

5060 Fidd Trips 

5070 Food 




5120 Office 8 General 








5210 Toys 

5220 Travel 

5230 Wages 





20,224.46 

5,005.57 

1.995.00 

0.00 

10,000.00 

1 .oo 

486.01 

53.48 

5,10428 

3,657.00 

407.59 

5,169.49 

3,154.75 

2,445.36 

651.98 

362.47 

2,098.99 

1,733.26 

3,893.67 

196.32 

94.40 

99,309.87 

174.73 

3,750.00 

1,452.87 

0.00 

1,200.00 

7,680.48 

13.426.97 

10,885.40 

163,94240 


4,089.02 

93,499.21 

32,65620 

1,290.45 

342,172.92 342,172.92



September, 2007 to February, 2008 

REVENUE 

REVENUE 





TOTAL REVENUE 


FeblO8 

1,382.36 

36,544.16 

10,885.40 

368.24 

49,180.16 

Year To Date 

FeblO8 

6,646.54 

202,200.72 


2,487.82 

276,647.48 


4,500.00 2,146.54 

197,500.00 4,700.72 

65,250.00 62.40 

2,000.00 487.82 

269,250.00 7,397.48 

TOTAL REVENUE 

49,180.16 

276,647.48 

269,250.00 7,397.48 

EXPENSES 

EXPENSES 

Advertising 

Audit Fees 

Bank Charges 


Cleaning 

Fietd Trips 

Food 


Insurance 

Miscellaneous 



Playground 





Telephone 

Toys 

Travel 

Wages 


Utilities 


166.43 

0.00 

7.88 

4,848.32 

1,196.00 

89.25 

2,973.25 

-245.66 

697.17 

0.00 

339.45 

186.40 

0.00 

715.21 

0.00 

1,06952 

0.00 

68.07 

0.00 

43.86 

33,603.85 

0.00 

1,250.00 

47,009.00 

986.88 

0.00 

84.04 

9,952.60 

7,291.00 

496.84 

11,371.19 

5,457.10 

4,654.82 

0.00 

1,170.32 

808.06 

0.00 

4,646.72 

1,733.26 

7,386.64 

0.00 

396.97 

0.00 

233.22 

197.426.96 

808.80 

7,500.00 

262,405.42 

900.00 86.88 

0.00 0.00 

125.00 40.96 

2,500.00 7,452.60 

7,500.00 -209.00 

650.00 -153.16 

12,500.00 -1,128.81 

2,000.00 3,457.10 

5,000.00 -345.18 

100.00 -1Ml.00 

1,250.00 -79.68 

1,000.00 -191.94 

1,250.00 -1,250.00 

5,000.00 -353.28 

1,500.00 233.26 

7,500.00 -113.36 

500.00 -500.00 

375.00 21.97 

1.500.00 -1,500.00 

300.00 -66.78 

205,000.00 -7,573.04 

750.00 58.80 

7,500.00 0.00 

264,700.00 -2,294.58 

TOTALEXPENSES 


- 

47,009.00 

2,177.16 

262,405.42 

- 

14.242.06 

264,700.00 -2,294.58 

4,550.00 9,692.06


Balance Sheet As At Februaty 29,2008 

ASSETS 

ASSETS 

Petty Cash 

B/M-Operating 





AIR-Middlesex 

Deposi WRelocation 


TOTAL ASSETS 

TOTAL ASSETS 

68.85 

49,472.96 

29,113.16 

109,199.87 

20,411.82 

7,579.74 

2,362.50 

10,000.00 

1 .oo 

228,209.90 

228 209.90 

----L--, 

LIABILITIES 

LIABILITIES 


Accrued Liabilities 







1,442.00 

1,689.82 

1,200.00 

15,375.91 

7,382.39 

10,885.40 

37,975.52 

37.975.52 

EQUITY 

NET ASSETS 





TOTAL EQUITY 


163,942.40 


14,242.06 

190,234.38 

190,234.38 

228,209.90


Trial Balance as at FebN&y 29,2008 

Debts 


1030 Petty Cash 

1040 B/M-Operating 

1050 Fundraising B/M 



1200 AiR-City of London 


1220 AiR-other 

1225 DepositslRebxtion 




21 10 Accrued Audn Fees 

21 15 Accrued Wages Payable 



3010 NetAssetsOpting Fund 

3015 Net AssetsFundraising Fund 









5020 Auda Fees 



5050 Cleaning 

5060 Fekl Trips 

5070 Food 

5075 Fundraising Al!mahs 



5120 offioe a General 


5135 Phyground 

5140 Pmgram Suppks 


5170 Staff BeneMs 



5210 Toys 

5220 Travel 

5230 Wages 




5270 Summer Program E3penses 

68.85 

49,472.96 

29,113.1 6 

109,199.87 

20,411.82 

7,579.74 

2,382.50 

0.00 

10,000.00 

1.00 

986.88 

84.04 

9,952.60 

7.291.00 

496.84 

1 1,371 .I9 

5,457.10 

4,654.82 

1.170.32 

808.08 

4,646.72 

1.733.26 

7.386.64 

396.97 

233.22 

197,426.96 

808.80 

7,500.00 

1,442.00 

1.689.62 

1,200.00 

15,375.91 

7.382.39 

10,885.40 

163,942.40 


6.646.54 

202200.72 


2,487.82 

490.615.32 490,615.32



September, 2007 to March, 2008 

REVENUE 

REVENUE 





TOTAL REMNUE 


Marl08 

293.00 

37,817.37 

10,885.40 

343.71 

49.339.48 

Year To Date 

Marl06 

6,939.54 

240.018.09 

761 197.80 

2,831.53 

325.986.96 

Budget 


5,250.00 1,689.54 

230,416.67 9.601.42 

TOTAL REVENUE 

49,339.48 

325,986.96 

314.125.00 11,861.96 

EXPENSES 

EXPENSES 

Advertising 

Audit Fees 

Bank Charges 


Cleaning 

Field Trips 

Food 


Insurance 

Miscellaneous 



Playground 





Telephone 

Toys 

Travel 

Wages 


Utilities 


166.43 

0.00 

14.32 

0.00 

1.207.50 

110.00 

2,067.70 

909.00 

697.17 

0.00 


286.40 

0.00 

1,227.34 

27.27 

1,197.54 

0.00 

67.27 

21.43 

34.69 

32,903.06 

0.00 

1,250.00 

42,310.98 

1,153.31 

0.00 

98.36 

9,952.60 

8,498.50 

606.84 

13,438.89 

6,366.10 

5,351.99 

0.00 

1.294.18 

1,094.46 

0.00 

5.874.06 

1,760.53 

8,584.18 

0.00 

464.24 

21.43 

267.91 

230,330.02 

808.80 

8,750.00 

304,716.40 

1,050.00 103.31 

0.00 0.00 

145.83 -47.47 

2,916.67 7,035.93 

8,750.00 -251.50 

758.33 -151.49 

14.583.33 -1,144.44 

2,333.33 4,032.77 

5,833.33 481.34 

116.67 -116.67 

1,458.33 -164.15 

1,166.67 -72.21 

1,458.33 -1,458.33 

5.833.33 40.73 

1,750.00 10.53 

8,750.00 -165.82 

583.33 -583.33 

437.50 26.74 

1,750.00 -1,728.57 

350.00 -82.09 

239,166.67 -8,836.65 

875.00 -66.20 

8,750.00 0.00 

308,816.65 -4,100.25 



42.310.98 

- 

7,028.50 

304,716.40 

- 

21,270.56 

308,816.65 -4,100.25 

5,308.35 15,962.21


Balance Sheet As At March 31,2008 

ASSETS 

ASSETS 

Petty Cash 

BIM-Operating 


Invesbnent-Manulife 


AfR-Cily of London 

AIR-Middlesex 



TOTAL ASSETS 

TOTAL ASSETS 

68.85 

45,302.54 

28,497.16 

109,487.94 

20,465.67 

15,030.48 

4,537.50 

10,000.00 

1 .oo 

233,391.14 

233,391.14 

LIABILITIES 

LIABILITIES 









0.00 

1,689.82 

1,200.00 

16,575.10 

5,777.94 

10,885.40 

36,128.26 

36.128.26 

EQUITY 

NET ASSETS 





TOTAL EQUITY 

LIABILITIES B EQUITY 

163,942.40 


21,270.56 

197,262.88 

197,262.88 

233 391.14 

-L--


Trial Balance as at March 31,2008 

Debits 



1040 B/M-Operating 45.302.54 




1200 NR-Citv of London 15,030.48 


4.537.50 

1220 Am-Other 

0.00 


10,000.00 


1.00 



2110 Accrued Audit Fws 











4060 Other lnme 



1.153.31 



98.36 


9,952.60 

5050 Cleaning 

6,498.50 


606.84 

5070 Food 

13,438.89 

5075 Fundraising Allocations 6,366.10 


5.351.99 



1.294.18 


1,094.46 



5,874.06 

5150 Repairs 8 Maintenance 1,760.53 


8,584.18 



464.24 

5210 Toys 

21.43 

5220 Travel 

267.91 

5230 Wages 

230.330.02 



808.80 


8,750.00 


0.00 

1,689.82 

1,200.00 

16,575.10 

5,777.94 

10,885.40 

163,942.40 


6,939.54 

240,018.09 

76,197.80 

2.831.53 

538,107.54 538,107.54



September, 2007 to April, 2008 

REVENUE 

REVENUE 





TOTAL REVENUE 


APVW 

90.00 

37,419.40 

10,885.40 

318.76 

48,713.56 

Year To Date 

AprlO8 

7,029.54 

277,437.49 

87.083.20 

3,150.29 

374,70052 

Budget Diirence 

6,000.00 1,029.54 

263,333.33 14,104.16 

87.000.00 83.20 

z,m.67 483.82 

359,000.00 15.700.52 

TOTAL RMNUE 

48,713.56 

374,700.52 

359,000.00 15,700.52 

EXPENSES 

EXPENSES 

Advertising 

Audit Fees 

Bank Charges 


Cleaning 

Field Trips 

Food 


Insurance 

Miscellaneous 



Playground 





Telephone 

Toys 

Travel 

Wages 


Utilities 



166.43 

0.00 

12.60 

690.53 

1,207.50 

70.88 

2,190.79 

376.29 

697.17 

0.00 

0.00 

117.22 

0.00 

978.18 

0.00 

1.1 11.49 

0.00 

71.61 

0.00 

30.24 

36,606.77 

0.00 

1,250.00 

151.42 

45.729.12 

1,319.74 

0.00 

110.96 

10,643.13 

9,706.00 

677.72 

15.629.68 

6,742.39 

6.049.16 

0.00 

1.294.18 

1,211.68 

0.00 

6,852.24 

1,760.53 

9,695.67 

0.00 

535.85 

21.43 

298.15 

266,936.79 

808.80 

10.000.00 

151.42 

350,445.52 

1,200.00 119.74 

0.00 0.00 

166.67 -55.71 

3,333.33 7,309.80 

10,000.00 -294.00 

866.67 -188.95 

16,666.67 -1,036.99 

2,666.67 4,075.72 

6,666.67 -517.51 

133.33 -133.33 

1,666.67 -372.49 

1,333.33 -121.65 

1,666.67 -1,666.67 

6.666.67 185.57 

2,000.00 -239.47 

10,000.00 -304.33 

666.67 -666.67 

500.00 35.85 

2,000.00 -1,978.57 

400.00 -101.85 

273,333.33 -6,396.54 

1,000.00 -191.20 

10,000.00 0.00 

0.00 151.42 

352,933.35 -2,487.83 



350,445.52 

352,933.35 -2,487.83 


2,984.44 

24.255.00 

6.066.65 18.188.35


Balance Sheet As At April 30,2008 

ASSETS 

ASSETS 

Petty Cash 

BIM-Operating 

Fundraising BIM 

investment-Manulife 



AIR-Middlesex 



TOTALASSETS 

TOTALASSETS 

68.85 

45,625.25 

28,476.56 

109,752.69 

20,515.15 

7,435.18 

1,650.00 

- 

11,000.00 

1 .oo 

224,524.68 

224 524.68 

LIABILITIES 

LIABILITIES 









3,222.74 

1,689.82 

i,200.00 

5,037.98 

2,241.42 

10,885.40 

24,277.36 

24,277.36 

EQUITY 

NET ASSETS 

Net Assetsopting Fund 




TOTAL EQUITY 

LIABILITIES (L EQUITY 

163,94240 


24,255.00 

200,247.32 

200,247.32 

224,524.68


Trial Balance as at April 30, 2008 

Debits 



1040 BIM-Operating 45.625.25 



I080 Investment-Manulife Relocate 20.515.15 





I601 Capital Assets 

2100 Amounts Payable 



2115 A med Wages Payable 










4060 Other l nme 






5050 Cleaning 


5070 Food 












5210 Toys 

5220 Travel 

5230 Wages 





7,435.18 

1,650.00 

0.00 

11,Doo.00 

1.00 

1,319.74 

110.96 

10,643.13 

9,706.00 

677.72 

15,629.68 

6,742.39 

6,049.16 

1,294.18 

1,211.68 

6,852.24 

1,780.53 

9.695.67 

535.85 

21.43 

298.15 

266,936.79 

3,222.74 

1.689.82 

1,200.00 

5,037.98 

2,241.42 

10,885.40 

163,942.40 


7.029.54 

277,437.49 

87,083.20 

3,150.29 

808.80 

10,000.00 

151.42 

574,970.20 574,970.20



September, 2OU7 to May, 2008 

REVENUE 

REVENUE 





TOTAL REVENUE 


MayfO8 

3,602.77 

39,937.17 

10,885.40 

326.25 

54,751.59 

Year To Date 

MayIOS 

10,632.31 

31 7.374.66 

971968.60 

3,476.54 

429.452.1 1 


6,750.00 3,882.31 

296,250.00 21,124.66 

97,875.00 93.60 

3,000.00 476.54 

403,875.00 25,577.11 

TOTAL REVENUE 

54,751.59 

429,452.1 1 

403,875.00 25,577.1 1 

EXPENSES 

EXPENSES 

Advertising 

Audit Fees 

Bank Charges 


Cleaning 

Field Trips 

Food 


Insurance 

Miscellaneous 



Playground 





Telephone 

Toys 

Travel 

Wages 

Special EvenWFunctions 

Utilities 



166.43 

0.00 

37.56 

0.00 

1,207.50 

273.09 

1,846.09 


697.17 

0.00 

36.70 


0.00 

-351.44 

0.00 

1,202.74 

0.00 

70.04 

0.00 

81.83 

36,341.69 

0.00 

1,250.00 

151.42 

43,945.64 

1,486.1 7 

0.00 

148.52 

10,643.13 

10,913.50 

950.81 

17,475.77 

7,555.26 

6,746.33 

0.00 

1,330.88 

1,333.63 

0.00 

6,500.80 

1,760.53 

10,898.41 

0.00 

605.89 

21.43 

379.98 

303,278.48 

808.80 

11,250.00 

302.84 

394,391 .I6 

1,350.00 136.17 

0.00 0.00 

187.50 -38.98 

3,750.00 6,893.13 

11,250.00 -336.50 

975.00 -24.19 

18,750.00 -1.274.23 

3,000.00 4,555.26 

7,500.00 -753.67 

150.00 -150.00 

1,875.00 -544.12 

1,500.00 -166.37 

1,875.00 -1,875.00 

7,500.00 -999.20 

2,250.00 -489.47 

11,250.00 -351.59 

750.00 -750.00 

562.50 43.39 

2,250.00 -2.228.57 

450.00 -70.02 

307,500.00 -4,221.52 

1,125.00 -318.20 

11,250.00 0.00 

0.00 302.84 

397,050.00 -2,658.84 



43,945.64 

- 

10,805.95 

- 

394,391.16 

35,060.95 

397,050.00 -2,658.84 

6,825.00 28,235.95

Kidzone Day Cam Centre Inc. 

Balance Sheet As At May 31,2008 

ASSETS 

ASSETS 


EM-Operating 65,086.24 

Fundraising BM 31,266.46 




AIR-Middlesex 



TOTAL ASSETS 

TOTALASSETS 

LIABILITIES 

7,474.78 

1,650.00 

- 


1.00 

248,339.06 

248 339.06 

LIABILITIES 









3,442.19 

1,689.82 

1,200.00 

8,070.03 

11,998.35 

10,885.40 

37,285.79 

37,285.79 

EQUITY 

NET ASSETS 





TOTAL EQUITY 


163,942.40 


35,060.95 

211,053.27 

21 1,053.27 

248,339.06


Trial Balance as at May 31, 2008 

Debits 




1050 Fundraising BIM 






1225 DepositdRelocation 










3650 Retahed Earnings 











5050 Cleaning 


5070 Food 












5210 Toys 

5220 Travel 

5230 Wages 





68.85 

65,086.24 

31,266.46 

110,025.57 

20,566.16 

7.474.78 

1,650.00 

0.00 


1.00 

3,442.19 

1.689.82 

1,2M).OO 

8.070.03 

11,998.35 

10,885.40 

163,942.40 


1,486.17 

148.52 

10,643.13 

10,913.50 

950.81 

17,475.77 

7,555.26 

6,746.33 

1,330.88 

1.333.63 

6,500.80 

1,760.53 

10,898.41 

605.89 

21.43 

379.98 

303.278.48 

10.632.31 

317,374.66 

97,968.60 

3,476.54 

808.80 

11,250.00 

302.84 

642.730.22 842,730.22



September, 2007 to June, 2008 

REVENUE 


RMNUE 

Jund08 

Fundraising Revenue 0.00 

Parent Fee Revenue 36,397.28 

Subsidy Revenue 10,885.40 

Interest Income 324.33 

TOTAL REVENUE 47,607.01 

TOTAL REVENUE 47,607.01 

EXPENSES 

Year To Date 

J u ne108 

10,632.31 

353,771.94 

108.854.00 

3,800.87 




7,500.00 3,132.31 

329,166.67 24,605.27 

108.750.00 104.00 

31333.33 467.54 

448,750.00 28,309.12 

448,750.00 28,309.12 

EXPENSES 

Advertising 

Audit Fees 

Bank Charges 


Cleaning 

Field Trips 

Food 


Insurance 

Miscellaneous 

Office 8, General 


Playground 





Telephone 

Toys 

Travel 

Wages 


Utilities 



166.43 

0.00 

18.80 

1,785.00 

1,207.50 

155.33 

2,936.39 

680.88 

697. 17 

0.00 

315.40 


773.75 

1,892.45 

0.00 

1,220.06 

0.00 

72.87 

0.00 


34,365.52 

716.31 

1,250.00 


48,938.82 

1.652.60 

0.00 

187.32 


12,121.00 

1,106.14 


8,236.14 

7,443.50 

0.00 

1,646.28 

1,454.00 

773.75 

8,393.25 

1,76053 


0.00 

678.76 

21.43 

432.10 

337,644.00 

1,525.11 


815.31 

443,329.98 

1,500.00 152.60 

0.00 0.00 

208.33 -41.01 

4,166.67 8,261.46 

12,500.00 -379.00 

1,083.33 22.81 

20,833.33 421.17 

3,333.33 4,902.81 

8,333.33 -889.83 

166.67 -166.67 

2,083.33 -437.05 

1,666.67 -212.67 

2,083.33 -1.309.58 

8,333.33 59.92 

2,500.00 -739.47 

12,500.00 -381.53 

833.33 -833.33 

625.00 53.76 

2,500.00 -2,478.57 

500.00 -67.90 

341,666.67 -4,022.67 

1,250.00 275.11 

12,500.00 0.00 

815.31 

441.166.65 2,163.33 


46,938.82 

443,329.98 

441,166.65 2,163.33 

Surplusl(lJeficit) 

-1,331.81 

33,729.14 

7,583.35 26,145.79


Balance Sheet As At June 30,2008 

ASSETS 

ASSETS 

petty Cash 68.85 

BWOperating 56,407.42 

Fundraising B/M 31,266.46 




NR-Middlesex 



TOTAL ASSETS 

14i666.20 



1 .oo 

247,136.17 

TOTAL ASSETS 

247,136.17 

LlABlLlTlES 

LIABILITIES 



Accccrued Audit Fees 






2,872.52 

1,689.82 

1,200.00 

10,606.33 

10,160.64 

10,885.40 

37,414.71 

37,414.71 

EQUITY 

NET ASSETS 





TOTAL EQUIN 

LIABILITIES d EQUIN 

163,942.40 


33,729.14 

- 

209,721.46 

209,721.46 

247 136.17


Trial Balance as at June 30, 2008 

Debits 



1040 BIM-Operating 56.407.42 




I200 AIR-City of London 14,666.20 

1215 AIR-Middlesex 1,612.50 
















4050 Interest lnwme 

4060 Other lnwme 






5050 Cleaning 


5070 Food 












5210 Toys 

5220 Travel 

5230 Wages 




5270 Summer Program Ewenses 

0.00 


1.00 

1,652.60 

167.32 


12.121.00 

I .I 06.14 


8,236.14 

7.443.50 

1,646.28 

1.454.00 

773.75 

8.393.25 

1,760.53 


678.76 

21.43 

432.10 

337,644.00 

2,872.52 

1.689.82 

1,200.00 

10.606.33 

10.160.M 

10.885.40 

163,942.40 


10,632.31 

353,771.94 

108,854.00 

3.800.87 

1,525.11 


815.31 

690,466.15 690.466.15



September, 2007 to July, 2008 

REVENUE 

REVENUE 





Summer Program 

TOTAL REVENUE 


JulylO8 

0.00 

36,410.49 

10,885.40 

333.37 

11,329.55 

58,958.81 

Year To Date 

JulylO8 

10,632.31 

390,182.43 

119,739.40 

4,134.24 

11,329.55 

536,017.93 

Budget 


8,250.00 2,382.31 

362,083.33 28,099.10 

119,625.00 114.40 

3.666.67 467.57 

0.00 11,329.55 

493,625.00 42,392.93 

TOTAL REMNUE 

58,958.81 

536,017.93 

493,625.00 42,392.93 

EXPENSES 

EXPENSES 

Advertising 

Audit Fees 

Bank Charges 


Cleaning 

Field Trips 

Food 


Insurance 

Miscellaneous 

Oftice 8 General 


Playground 





Telephone 

Toys 

Travel 

Wages 


Utilities 



166.43 

6.339.38 

36.68 

0.00 

1,20750 

360.99 

2,193.39 

42.95 

697.17 

0.00 

78.78 


0.00 

1,938.35 

305.09 

1,177.17 

0.00 

70.33 

0.00 

84.91 

42,938.90 

72.58 

1,250.00 

1,605.05 

60,691.78 

1.819.03 

6.339.38 

204.00 

12,428.1 3 

13,32830 

1,467.13 

22.605.55 

8.279.09 

8,140.67 

0.00 

1,725.06 

1,580.13 

773.75 

10,331.60 

2,065.62 

13.295.64 

0.00 

749.09 

21.43 

517.01 

380,582.90 

1.597.69 

13,750.00 

2,420.36 

504,021.76 

1,650.00 169.03 

3,000.00 3,339.38 

229.17 -25.17 

4,583.33 7,844.80 

13,750.00 -421.50 

1,191.66 275.47 

22,916.67 -311.12 

3,668.67 4,612.42 

9.166.67 -1,026.00 

183.33 -183.33 

2,291.67 -566.61 

1,833.33 -253.20 

2,291.67 -1,517.92 

9,166.67 1,164.93 

2,750.00 -684.38 

13,750.00 -454.36 

916.67 -916.67 

687.50 61.59 

2,750.00 -2,728.57 

550.00 -32.99 

375,833.33 4,749.57 

1,375.00 222.69 

13,750.00 0.00 

0.00 2,420.36 

488,283.34 15,738.42 



60,691.78 

-1 732.97 

504,021.76 

- 

31,996.17 

488,283.34 15.738.42 

5,341.66 26,654.51


Balance Sheet As At July 31,2008 

ASSETS 

ASSETS 



Fundraising BIM 31,266.46 



AfR-City of London 

AIR-Middlesex 



TOTALASSETS 

121720.12 

1,416.50 


1 .oo 

247,187.62 

TOTALASSETS 

247,187.62 

LIABILITIES 

LIABILITIES 









0.00 

1,689.82 

1,200.00 

17.109.00 

8,314.91 

10,885.40 

39,199.13 

39,199.13 

EQUITY 

NET ASSETS 





TOTAL EQUITY 

LlABlLlTlES 8 EQUITY 

163,942.40 


31,996.17 

207,988.49 

207,988.49 

247,187.62


Trial Balance as at July 31, 2008 

Debits 




1050 Fundraising BIM 

I060 Investment-Manulife 

I080 Investment-Manulife Relocate 



I220 AIR-Other 

1225 DepositdRelocation 





2115 Acuued Wages Payable 



3010 Net Assetsopting Fund 













5050 Cleaning 


5070 Food 












5210 Toys 

5220 Travel 

5230 Wages 




5270 Summer Program menses 

68.85 

58,269.90 

31,266.46 

110,575.78 

20,669.01 

12,720.12 

1,416.50 

0.00 


1.00 

0.00 

1,689.82 

1,200.00 

17,109.00 

8,314.91 

10,885.40 

163,94240 


1.819.03 

6.339.38 

204.00 


13,328.50 

1,467.13 

22,605.55 

8,279.09 

8,140.67 

1,725.06 

1,580.13 

773.75 

10,331.60 

2,065.62 

13,295.64 

749.09 

21.43 

517.01 

380,582.90 

10,632.31 

390,182.43 

119,739.40 

4,134.24 

11.329.55 

1,597.69 

13,750.00 

2.420.36 

751.209.38 751,209.38

APPENDIX B 

Scenario Analysis 

14

APPENDIX B 

Scenario Analysis 

Preferred 

Scenario 

Revenue 

49 Kids 

#I 

68 Kids 

#2 

78 Kids 92 Kids 

#3 #4 

Parent Fees 

Subsidy 

Total Revenue 

$449,017 

$123,000 

$572,017 

$621,432 

$123,000 

$744,432 

$705,769 $840,735 

$123,000 $123,000 

$828,789 $963,735 

Expenses 

Advertising 

Audit 

Bank Charges 

Cleaning 

Field Trip 

Food 

Insurance 

Miscellaneous 



Playground 


Repairs & Maint 



Telephone 

Toys 

Travel 

Wages 


Total Expenses 

$1,700 

$3,000 

$300 

$13,000 

$1,300 

$25,000 

$9,000 

$200 

$2,500 

$1,700 

$2,500 

$10,000 

$3,000 

$15,000 

$1,000 

$750 

$3,000 

$600 

$408,000 

$2,000 

$503,550 

$1,700 

$3,000 

$300 

$19,000 

$2,000 

$35,000 

$13,000 

$500 

$3,500 

$1,900 

$2,500 

$14,000 

$4,000 

$21,000 

$1,400 

$750 

$4,000 

$600 

$502,800 

$3,000 

$633,950 

$1,700 

$3,000 

$300 

$22,000 

$2,500 

$41,000 

$15,000 

$600 

$4,000 

$2,200 

$2,500 

$16,000 

$5,000 

$25,000 

$1,600 

$750 

$5,000 

$600 

$5 7 9,6 0 0 

$3,500 

$731,850 

$1,700 

$3,000 

$300 

$27,000 

$3,000 

$50,000 

$18,000 

$750 

$5,000 

$2,600 

$2,500 

$20,000 

$6,000 

$30,000 

$2,000 

$750 

$6,000 

$600 

$736,800 

$4,000 

$920,000 

SurpluslDeficit 

$68,467 

$110,482 

$96,939 

$43,735

APPENDIX C 

Financial Projections - 

Pro Forma Income Statements 

15

APPENDIX D 

New Property Information 

16

Print Preview 

Page 1 of 1 

MAP LEGEND 

Parks 

a Assessmei 

Parcels 

@ Buildings 

Aerial 

Photos 

Address 

Numbers 

IOTES 

* 

~ 

I 

http://webmap.london.c~mapc~ientPllr3C~PrintPreview.asp?MapFile=http://webmap.lond... 8/25/2008

Print Preview Page 1 of 1 

AP LEGEND 

Parks 

4 Assessrnei 

Parcels 

4 Buildings 

3 Address 

Numbers 

NOTES 

http://webmap.london.ca/mapclientlW3C~PrintPreview.asp?MapFile=http://webmap.lond ... 8/25/2008

mnt yrevlew 

.. 

Page 1 of 1 

4P LEGEND 

Parks 

q Assessrnei 

Parcels 

3 Buildings 

3 Address 

N urn bers 

NOTES 

I 

http://webmap.london.ca/mapclientNiT3C~PrintPre~ew.asp?~apFile=http://webmap.lond ... 8/25/2008

m 

APPENDIX E 

I 

Renovation Quotes

Flynn Canada Ltd. 

550 Sovereign Road * Lwdon, ON N5V 4K5 

Tel: (519) 681-0200 *Fax: (519) 681-5664’w.flynn.ca 

/- 

\ I 

Date Aug 25,2008 Quote# 012066376QQQ 

To 

Projed 

7 Howard Street Roof Replacement Project 7 Howard Street 

Description 

Flynn Canada Ltd. is pleased to provide the following BUDGET price to replace the existing roof as 

per the folldwing: 15,800 sqft 

Remove the complete built-up roof system down to the existing roof decksurface. 

Haul away from the building alldebris and dispose of same at an authorized disposal site. 

* Broom entire area clean of all dust, dirt and debris. inspect deck surface for any weakness or deterioration. 

Any repairs deemed necessary shall be arranged and paid for by the owner. 

Over a clean concrete roof deck surface apply two layers of # 15 perforated asphalt applied in hot asphalt at 

a rate of 20 Ibs per 100 sqft as the vapour barrier. 

Apply one layer of 1.5” poiyisocyanurate insulation in a full mopping of hot asphalt at a rate of 20 Ibs per sqft. 

Apply one layer of 1P fibreboard insulation in a full mopping of hot asphalt applied at a rate of 20 lbs. per 

100 sq.ft.. 

- Over the insulation surface apply a Class “A” Canadian Roofing Contractors Association four ply built-up roof 

specification consisting of four piies #I5 Ib. perforated asphalt felt applied in hot asphalt at a rate of 20 I’m. 

per 100 sq.t per ply. 

Adhere 3” x 3” factory laminated fibrecant strip with hot biiumen at perimeter edges and openings as and 

where required. 

,( 1 Install one ply of reinforced modified bitumen base sheet in type I1 asphalt to all field and perimeter flashing 

~,. details. 

install one ply of reinforced modified bitumen cap sheet in type II asphalt to all field and perimeter flashing 

details. 

*Apply a protective coat of hot asphalt at a rate of 60 Ibs. per 100 sq.ft. and while still hot embed ID’ cleaned 

and dried roofing gravel at a rate of 500 Ibs. per 100 sq.ft.. 

Supply and install pre-finished 26gauge 8000 series standard culour metal fiashings to areas contiguous 

with flat roofing. 

* Supply and install new drain sleeves complete with aluminum strainers and back up seals. 

- Supply and install newspun aluminum vent riser extensions. 

Build up the perimeter edges and openings as required to accommodate the increased insulation thickness. 

-Perfon all operations required at the tie-ins forwatertight security. 

A standard two (2) year Ontario Industrial Roofing Contractors Association warranty will be issued for this 

project. 

- At the roof area above the gym, the same scope of work will apply except the vapour barrier will be fully 

adhered to the metal deck. 

COST OF THIS WORK, G.S.T. Extra $189,113.00 

Page 1 of3

1050 Hagdeve Road 

Lundon, On&,+ N6E lP5 

Ph: (519) 681 -6570 

fax (519) 681 -6571 

August 21 / 2008 

RE: 7 Howard Aye. 

St. Thomas, Ontario 

A’MN Debra 

\ 

DAN MCLELLAN 

1050 Hagrieve Road London, Ont?n’o N6E 7 P5 

Ph: (519) 681-6570 Fa: (519) 687-6511 

commerua/. /ndus%/. Rm&#a/ 

The following is our quotation and brief work outline for installing a new roof at the old 

school, 7 Howard, Ave, St .Thomas, Ontario. This quotation is a budget price and can 

vary according to time of year and oil prices that can change the cost of rooEng material. 

The size of fhis roof is approximately 15,800 square feet in area. We will require access 

to the building for equipment, trucks and tar kettle. 

Roof deck repairs ifneeded will be an extra charge. We will not be responsible for the 

condition of the old roof when we are working on replacing &e roo€ We try and protect 

the old roof as much as possible. 

WORK OUTLINE-remove existing roof down to the deck and haul away all debris 

-install a vapour banier 

-instdl 1 .Y IS0 

-install %” fibre board overlay 

-install 4 ply of roof felt with hot asphalt 

-install a flexible membrane cap sheet on all perimeter 

-install new drains 

-install new flashings 

-flood coat roof and embed gravel 

-install new prepainted metal flashing 

BUDGET PRICE------- $ 131,500.00 + G.S.T. 

Sicerely Yours 

A & K ROOFING COMPANY LMTED 

David Rob& 

Commercial 9 industral Residential

{ ‘I 

-. . LAFLECHE ROOFING (1992) LIMITED 

& 

. ~ 

. ....... 

3 . 

PR0CFDURFmu-t. 

Roof Replacement 

At all perimeters 180 gr. modified bitumen base sheet and 180 gr. 

modified bitumen granulated cap sheet membrane will be installed, in 

accordance with manufacturer‘s specifications. 

The modified bitumen will extend a minimum of I” down the outside face 

of raised eave and low parapet perimeter details. 

The top edge of the modified bitumen membrane will be mechanically 

secured employing appropriate fasteners spaced at a minimum of 12” on 

centre. 

Install new, 26 ga. pre-painted raised eave metal counter flashing, with 

standard colour to be determined by the owner. 

All work will be performed in accordance with our IS0 9002 quality system and may be 

inspected periodically as the job progresses by the manufacturer’s representative. 

Upon completion. the work will carw . the manufacturer’s warranty for a Deriod of 5 vears 

as outlined by the manufacturer. 

TERMS NET DUE UPON COMPLETION 2% per month service charge added to accounts over 30 days 

OUR QUOTATION: 

. . 

,/ ) Our quotation as per (KG08082501) ....................................................... $174,000.00 +GST 

Price for Deck Replacement ............................................................................... 

$7.00/ sq. ft. 

TERMS: NET DUE ON COMPLETION OF JOB 

This proposal is contingent upon strikes, fires, accidenk, or other causes beyond our control and is not a contract until signed by an 

officer of this company, and is subject to acceptance within 30 days of this proposal. 

ACCEPTED FOR The Kidszone Day care 

BY: 

TITLE: 

DATE: August 25,2008 

CUSTOMER P.O. #

August 29,2008 

Attention: Deborah Lukings 

I 

After our meeting on Wednesday morning I am agree with the 

fellow contractors that a budget of $400,000.00 is number you 

should go with before you enter into renovations to the school that 

you are looking at purchasing. The windows and doors are over 

and above therefore $200,000.00 would be a good number to keep 

in mind for replacement on both. 

One contractor suggested another $100,000.00 for the unknown, 

whom nobody can for see until specs are provided and construction 

starts. 

Hoping this is of some help with the budget numbers you require. 

Please keep our company in mind if you proceed with the purchase 

and require pricing for the renovations. 

Yours truly, 

Nancy Strik 

Double N Custom Homes Ltd.

MYCON 

CONSTRUCTION 

1615 North Routledge Park, Unit 9. London, Ontario N6H 5L6 

Tei.: 519 472-4651 Fax: 519 472-4310 


~dzone Day Care Centre, 

600 Sanitorium Rd., 

Londoa Ont. 

AtbX I)eborahlukings 

RE: 7 Howard Ave..LarnM 

After a site visit ad a review of yonmeeds we offer the followkg. The proposed 

~~0~ati0nS to get you up and nmning wodd be in the $350-400,000.00 dollar range- 

% wouldnot incEuderoof replacement or WiaQw repiacement. Ifall of these itemsare 

considered along with Mforeseen wnditions and drawings, the hnal cost could be in the 

$750,000.00 dollar we. Rase do not forget to allow for B contingency fund. The 

appmx. cost forthe roof is between $95 and 1 lOpoO.00. The windows would cost 

appox. $100,000.00. There ate ather factors ta consider such as heatiqg and Electrid 

upgrades, Please feel fjree ta contact me if you require any other infomation DI 

assistance. 

Yours tnlly, 

..

Quote 

BUREN CONSTRUCTION 

7218 Inadale Drive, Strathoy, Ontario N7G 3H4 

Phone (519) 521-3799 Fax (519) 289-0791 


Customer: Kidzone Daycare Centres 

Project: 

Lambeth School Renovation 

Job Description 

Based on the information available at this time, and for the scope of work provided 

we feel that a good budget number for this job would be $285,000.00 

This does not included the cost for a new roof or for replacing existing windows. 

Please feel ftee to contact us ifyou need any assistance acquiring mechanical and 

architectural layouts. 

1 

Thank-you for calling on us at this time and we hope to be of service to you on your 

New Centre. 

Sincerely 

Mike Buren 

Bwen Construction

Construction Quotes 

Roofinq: 

Flynn $189,113 

A&KRoofing $131,500 

LaFleche $174,000 

Windows: 

Verbal quote of at least $100,000 

I 

Interior Renovations: 

0 Double N Homes $400,000 

0 Mycon Construction $400,000 

0 Buren Construction $285,000

Item 12 - The City of London Meeting Packages area has been re ...

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?