Havergal College & The Havergal College Foundation Impact Report 2019-20

Annual Report

THE HAVERGAL COLLEGE FOUNDATION BALANCE SHEET

HAVERGAL COLLEGE CONSOLIDATED STATEMENT OF FINANCIAL POSITION

2019

ASSETS $1,895,392 Cash and cash equivalents $29,298,968 Other investments $22,120

ASSETS (CURRENT) $26,306,722 Cash and cash equivalents $3,722,225 Tuition fees receivable $954,866 Other accounts receivable $375,171 Other $31,358,984 Total current assets $2,992,739 Deferred pension asset $61,088,174 Capital assets, net $95,439,897 Total assets

2019

$2,347,519

$35,653,107

$28,974,905

$4,051,169

Accounts Receivable TOTAL: $31,216,480

$16,834

$360,811

$31,339,258

$334,291

LIABILITIES $0 Payable to Havergal College

$40,399,378

$9,752

$2,051,069

FUND BALANCES $1,507,744 General Fund $3,065,937 Restricted Fund $26,642,799 Endowment Fund TOTAL: $31,216,480

$45,498,825

$1,608,358

$87,949,272

$3,584,958

LIABILITIES (CURRENT) $11,453,733 Accounts payable and accrued liabilities $27,009,912 Prepaid tuition fees $38,463,645 Total current liabilities $13,499,712 Deferred capital contributions, other liabilities

$26,136,190

$31,339,258

$7,779,760

AS AT JUNE 30 OF EACH YEAR

$26,949,491

$34,729,251

GRANTS FROM THE HAVERGAL COLLEGE FOUNDATION TO HAVERGAL COLLEGE

$12,390,462

$51,963,357 Total liabilities

During the year, The Havergal College Foundation made grants to Havergal College for the following purposes: $877,185 Student assistance $516,827 Program enrichment $1,711,096 Capital asset acquisitions TOTAL: $3,105,108

$47,119,713

2019 $783,884

NET ASSETS $29,901,140 Unrestricted $13,575,400 Internally restricted $43,476,540 Total net assets $95,439,897 Total liabilities and net assets

$29,141,959

$502,397

$11,687,600

$3,429,913

$4,716,194

$40,829,559

AS AT JUNE 30 OF EACH YEAR

$87,949,272

AS AT JUNE 30 OF EACH YEAR