Crofton House School
35
What we own
$83.2m How we paid for it
$83.2m
> > Registered charitable organization $74.5m $49.0m
> > Board of Governors Capital Assets (89.5%) General Unrestricted Fund (58.9%)
$6.1m $15.8m
Cash (7.3%) Bank Loans (19.0%)
$1.5m $13.5m
Restricted Cash (1.8%) Fees Received in Advance (16.2%)
$1.1m $1.4m
Other 3 (1.4%) CHS Bursary Fund (1.7%)
Crofton House School
> > Independent 3rd party audited
financial statements
> > Operating entity
Financial objective:
> > To safeguard the ability to
continue as a going concern
> > To fund school operations,
including new strategic initiatives
approved by the Board, through
tuition fees, government grant,
entrance and application fees,
contribution from Crofton House
School Foundation for programs
and teaching, and ancillary
revenue
> > To fund capital projects through
fundraising, with any remaining
portion to be funded through
internal funds and bank loans
> > To fund bursary programs
through fundraising
Includes: Accounts Receivable,
Prepaid Expenses, and Inventory
3
Includes: Accounts Payable &
Accrued Liabilities, Obligations
Under Capital Lease, and
Deferred Contributions
4
$0.4m
Internally Restricted Fund (0.5%)
$3.1m
Other 4 (3.7%)