SaskCulture Inc. | Summary Statement of Financial Position | As at March 31, 2025
March 31, 2025
March 31, 2024
Assets
2,952,369
Cash and short-term investments
2,460,366
11,861
GST receivable
8,564
2,964,230
2,468,930
Intangible assets Capital assets
121,818 43,334
154,292 123,950
3,129,382
2,673,063
Liabilities
176,161 192,915 868,974 100,238
Accounts payable and accruals
160,695 300,366 379,847 207,852
Due to Sask Lotteries Trust Fund – Operations
Holdbacks payable
Due to Sask Lotteries Trust Fund - Programs
5,625
Due to Creative Kids
-
1,343,913
1,048,760
Net Assets Invested in capital and intangible assets
165,152
204,133 1,420,170 1,624,303 2,673,063
Unrestricted
1,620,317 1,785,469 3,129,382
SaskCulture Inc. | Summary Statement of Operations | For the year ended March 31, 2025 March 31, 2025
March 31, 2024
Revenue Grants from Sask Lotteries Trust Fund for Sport, Culture and Recreation
9,912,827
8,891,274
2,581
Grants – other Self-generated
-
161,166
174,324
10,076,574
9,065,598
Expenses
3,235,466 6,679,942 9,915,408
Operations
2,937,634 5,953,640 8,891,274
Program initiatives
Excess of revenue over expenses
161,166
174,324
Approved on behalf of the Board
Director
Director
SaskCulture Inc. | Note to the Summary Financial Statements | For the year ended March 31, 2025
1. Basis of the summary financial statements Management has prepared the summary financial statements from the March 31, 2025 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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