Windsor Homes Homeowners' Association

(A Nonstock, Nonprofit Organization)

Statements of Financial Position

(In Philippine Pesos)
As at December 31
2014
ASSETS
Current Assets
Cash and cash equivalents
Other current assets

Noncurrent Assets
Funiture and fixtures
Other noncurrent assets

64,762
1,498
66,260

5,280
41,900
47,180

Less: Accumulated depreciation

43,820
3,360

T otal Assets

69,620

LIABILITIES AND NET ASSETS

Current Liabilities
Accounts payable and accrued expenses

Net Assets/(Deficit)
Net Assets/(Deficit)
Total Liabilities and Net Assets

137,854
137,854

(68,234)
69,620
-

s at December 31
2013

16,021
1,498
17,519

64,742

64,742
24,000
88,742

1,050
41,900
42,950
42,940
10

156,408
18,554
137,854

17,529

180,408
(24,000)
(18,554)
180,408
180,408

(162,879)
17,529

(42,554)
137,854

(68,254)

Windsor Homes Homeowners' Association

(A Nonstock, Nonprofit Organization)

Statement of Activities
(In Philippine Pesos)
Years Ended December 31
2014
REVENUE

474,509

EXPENSES:
Security services
Repairs and maintenance
Street lights
Printing and photocopying
Honorarium
Garbage collection
Stationery and office supplies
Representation
Professional and legal fees
Light and water
Transportation
Communication expenses
Claims
Depreciation
Meals and provisions
Taxes, licenses, and permits
Registration fees
Other expenses
Miscellaneous expenses

142,045
59,605
51,225
22,421
15,150
13,558
9,908
5,510
5,217
5,205
4,322
3,934
2,376
880
639
500
27,186
10,183

T O T A L EXPENSES

379,864

RESULTS OF ACTIVITIES

94,645

s Ended December 31
2013
432,965

255,210
49,302
37,500
7,835
34,550
14,100
5,350
550
6,910
5,972
5,771
6,020
8,580
2,878
3,190
17,753
4,687
466,158

(33,193)

Windsor Homes Homeowners' Association

(A Nonstock, Nonprofit Organization)
Statements of Changes in Net Assets
(In Philippine Pesos)
December 31
2014
Net Assets, At Beginning
Results of Activities for the Year

Net Assets, At End

(162,879)
94,645

(68,234)

December 31
2013
(129,686)
(33,193)

(162,879)

Windsor Homes Homeowners' Association

(A Nonstock, Nonprofit Organization)

Statements of Cash Flows

(In Philippine Pesos)
Years Ended December 31
2014
CASH FLOWS FROM OPERATING ACTIVITIES
Results of Activities for the Year
Adjustment to reconcile net income to net cash
provided by operating activities:
Depreciation expense
Increase /decrease in operating liabilities:
Accounts payable and accrued expenses payable

94,645

880
(42,554)

Net cash provided by Operating Activities

52,971

CASH FLOWS USED IN INVESTING ACTIVITIES

Purchase of furniture and equipment

(4,230)

Net increase/(decrease) in Cash and Cash Equivalents

Cash and cash equivalents, beginning

48,741
16,021

CASH and CASH EQUIVALENTS, AT THE END

64,762

s Ended December 31
2013

(33,193)

8,580
24,614
1

1
16,020
16,021

Windsor Homes Homeowners' Association

(A Nonstock, Nonprofit Organization)

Statements of Cash Receipts and Disbursements

(In Philippine Pesos)
December 31
2014
RECEIPTS

474,509

DISBURSEMENTS:
Security services
Repairs and maintenance
Street lights
Printing and photocopying
Honorarium
Garbage collection
Stationery and office supplies
Representation
Professional and legal fees
Light and water
Transportation
Communication expenses
Claims
Meals and provisions
Taxes, licenses, and permits
Registration fees
Depreciation
Other expenses
Miscellaneous expenses

142,045
59,605
51,225
22,421
15,150
13,558
9,908
5,510
5,217
5,205
4,322
3,934
2,376
639
500
27,186
10,183

TOTAL

378,984

Capital expenditures:
Purchase of Furniture & equipment
Payment of bills to Marasigan Security Agency
Payment to homeowners' assn. officers
T O T A L DISBURSEMENTS

4,230
24,000
18,554
425,768

Net Increase/(Decrease) in Cash

48,741

CASH BALANCE, AT BEGINNING

16,021

CASH BALANCE, AT THE END

64,762

December 31
2013
432,965

255,210
49,302
37,500
7,835
34,550
14,100
5,350
550
6,910
5,972
5,771
6,020
2,878
3,190
8,580
17,753
4,687
466,158

142,045
24,000
118,045

379004
4230
24000
18554
425788
16,000
8,000
24,000

466,158
(33,193)
49,214
16,021

24,000
16,000
8,000

158,045