Canadian Wayfarer Association

Profit & Loss

January through December 2005

				Jan - Dec 05	Jan - Dec 04	$ Change
	Income
		Membership Dues		2,253.69	1,904.17	349.52
		Regattas (Less Trophies)
			North Bay Regatta	100.00	0.00	100.00
			Ontarios	47.00	363.30	-316.30
			Canadians	140.00	0.00	140.00
			Trophies	-681.38	-767.05	85.67
		Total Regattas (Less Trophies)		-394.38	-403.75	9.37
		A.G.M.
			A.G.M.- Expenses	-1,284.46	-1,193.95	-90.51
			A.G.M. - Income	1,225.00	1,252.13	-27.13
		Total A.G.M.		-59.46	58.18	-117.64
	Total Income			1,799.85	1,558.60	241.25
	Expense
		Postage		270.74	185.23	85.51
		Whiffle (Less Advertising)		17.77	-530.92	548.69
		Web,Yearbook Photos- This Year		1,430.47	1,395.00	35.47
		Web,Yearbook Photos- Prev year		927.57	0.00	927.57
		Boat Show		222.99	253.45	-30.46
		General		171.52	232.57	-61.05
		Interest Earned		-73.05	-57.53	-15.52
	Total Expense			2,968.01	1,477.80	1,490.21
Net Income				-1,168.16	80.80	-1,248.96

Canadian Wayfarer Association

Balance Sheet

As of December 31, 2005

					Dec 31, 05	Dec 31, 04
ASSETS
	Current Assets
		Chequing/Savings
			Canada Trust		987.09	1,437.67
		Total Chequing/Savings			987.09	1,437.67
		Other Current Assets
			Inventory		0.00	184.80
			Term Deposit		5,190.18	5,117.13
		Total Other Current Assets			5,190.18	5,301.93
	Total Current Assets				6,177.27	6,739.60
TOTAL ASSETS					6,177.27	6,739.60
LIABILITIES & EQUITY
	Liabilities
		Current Liabilities
			Accounts Payable
				Accounts Payable	782.18	176.35
			Total Accounts Payable		782.18	176.35
		Total Current Liabilities			782.18	176.35
	Total Liabilities				782.18	176.35
	Equity
		Retained Earnings			6,563.25	6,482.45
		Net Income			-1,168.16	80.80
	Total Equity				5,395.09	6,563.25
TOTAL LIABILITIES & EQUITY					6,177.27	6,739.60

2006
AGM pics
AGM Minutes & Report
2005 Financial Statements