Financial Report 2008 (Israel)

CURRENT ASSETS

Cash on Hand and at Bank 23,753

Short-term Deposits at Bank 6,402

Accounts Receivable 25,415

55,570

FIXED ASSETS

17,026

TOTAL ASSETS

72,596

CURRENT LIABILITIES

Accounts Payable 37,265

Prepaid Income 25,415

62,680

LIABILITY ARISING ON TERMINATION OF

EMPLOYER-EMPLOYEE RELATIONS

30,000

TOTAL LIABILITIES

92,680

UNRESTRICTED NET ASSETS

Used for Operations

-37,110

Used for Fixed Assets 17,026

TOTAL NET ASSETS

-20,084

TOTAL LIABILITIES & NET ASSETS

72,596

Balance Sheet At December 31, 2008

SHIR HADASH

FINANCIAL REPORT 2008

Income from Activities

Day School Tuition 234,145

Membership Fees 35,380

Donations 71,177

340,702

Cost of Activities

Payroll and Payroll- related 190,939

Rental & Maintenance 129,676

Educational & Communal Activities 43,310

363,925

Deficit from Activities

-23,223

General & Administration Expenses

Office 28,287

Communications 4,559

Bookkeeping 11,999

Depreciation 2,715

Sundry 4,416

Finance Expenses 3,480

55,456

Deficit for the Year

-78,679

Accumulated Surplus at

Beginning of Year

58,595

Accumulated Deficit at end of Year

-20,084

Statement of Activities For The Year Ended December 31, 2008

SHIR HADASH

FINANCIAL REPORT 2008

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: