OUTDOOR POWER EQUIPMENT INSTITUTE OF CANADA Statement of Changes in Net Assets For the year ended 31 December 2024
Internally Restricted Reserve
Invested in Intangible Asset
Total 2024
Total 2023
Unrestricted
Balance - beginning of year (Deficiency) excess of revenues over expenses for the year
$ 2,042,036 $ 661,564 $ 25,109 $ 2,728,709 $ 2,723,386
(90,916)
(83,742)
-
(7,174)
5,323
Transfer to
-
reserve (Note 5) - Balance - end of year $ 1,923,364 $ 696,494 $ 17,935 $ 2,637,793 $ 2,728,709 (34,930) 34,930 -
The accompanying notes are an integral part of these financial statements
5
Made with FlippingBook Digital Proposal Creator