OPEN PRIVACY RESEARCH SOCIETY
Financial Statements
February 10, 2021
(Unaudited-See Notice to Reader)
Notice to Reader
On the basis of information provided by management, we have compiled the statement of financial position of Open Privacy Research Society as at February 10, 2021 and the statement of operations and changes in net assets for the year then ended. We have not performed an audit or a review engagement in respect of these financial statements and, accordingly, we express no assurance thereon. Readers are cautioned that these statements may not be appropriate for their purposes.
Chartered Professional Accountants Vancouver, British Columbia June 7, 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Assets | |||
| Current | |||
| Cash | $ | 29,075 | 33,964 |
| Short term investments | 80,919 | 115,870 | |
| Prepaid expense and deposit | 53 | 1,349 | |
| $ | 110,047 | 151,183 | |
| Liability | |||
| Current | |||
| Accounts payable and accrued liabilities | $ | 4,177 | 3,839 |
| Net assets | |||
| Unrestricted | 105,870 | 147,344 | |
| $ | 110,047 | 151,183 |
OPEN PRIVACY RESEARCH SOCIETY
Statement of Operations and Changes in Net Assets
Year Ended February 10
(Unaudited - See Notice to Reader)
| 2021 | 2020 | |
|---|---|---|
| Revenues | ||
| Donations | $44,250 | 172,204 |
| Grants | 4,277 | 8,371 |
| Other | 48 | 2,786 |
| 48,575 | 183,361 | |
| Expenditures | ||
| Wages and benefits | 124,674 | 92,217 |
| Rent | 14,950 | 5,240 |
| Interest and bank charges | 3,746 | 5,583 |
| Web hosting | 2,855 | 1,125 |
| Professional fees | 1,630 | 1,577 |
| Office | 1,209 | 5,870 |
| Marketing | 803 | 3,500 |
| Miscellaneous | 556 | 416 |
| Travel | - | 1,676 |
| 150,423 | 117,204 | |
| Excess(deficiency) of revenues over expenditures before other item | (101,848) | 66,157 |
| Other item | ||
| Gain on foreign exchange | 60,374 | 67,930 |
| Excess(deficiency) of revenues over expenditures for year | (41,474) | 134,087 |
| Net assets, beginning of year | 147,344 | 13,257 |
| Net assets, end of year | $105,870 | 147,344 |