SaskCulture Inc. | Summary Statement of Financial Position As at March 31, 2024
March 31, 2024
March 31, 2023
Assets Cash and short-term investments
2,460,366
2,895,837
- -
Accounts receivable
23,527 2,840 12,744
Prepaid expenses and deposits
8,564
GST receivable
2,468,930
2,934,948
Intangible Assets
80,183 123,950
138,182 116,595
Capital Assets
2,673,063
3,189,725
Liabilities Accounts payable and accruals
160,695 300,366 379,847 207,852 1,048,760
111,518 500,089 837,624 290,515 1,739,746 254,777 1,195,202 1,449,979 3,189,725
Due to Sask Lotteries Trust Fund – Operations
Holdbacks payable
Due to Sask Lotteries Trust Fund - Programs
Net Assets Invested in capital and intangible assets
204,133
Unrestricted
1,420,170 1,624,303 2,673,063
SaskCulture Inc. | Summary Statement of Operations For the year ended March 31, 2024
March 31, 2023
March 31, 2022
Revenue Grants from Sask Lotteries Trust Fund for Sport, Culture and Recreation
8,891,274
8,573,856
-
Grants – other Self-generated
98,463 88,213
174,324
9,065,598
8,760,532
Expenses Operations
2,937,634 5,953,640 8,891,274
2,526,911 6,145,408 8,672,319
Program initiatives
Excess of revenue over expenses
174,324
88,213
Approved on behalf of the board
Director
Director
SaskCulture Inc. | Note to the Summary Financial Statements For the year ended March 31, 2024 1. Basis of the summary financial statements Management has prepared the summary financial statements from the March 31, 2024 audited financial statements, which are in conformity with the Canadian accounting standards for not-for-profit organizations. The audited financial statements can be obtained from SaskCulture Inc. The detailed notes included in the audited financial statements are not included in these summary financial statements. The criteria developed by management for the preparation of the summary financial statements is as follows: that the information included in the summary financial statements is in agreement with the related information in the complete financial statements, and that the summary financial statements contain the information necessary to avoid distorting or obscuring matters disclosed in the related complete financial statements, including the notes thereto, in all material respects.
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