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7 7
WESTMINSTER ST. FAUL*S
PRESBYTERIAN CHURCH ‘
BALANCE SHEET
AS AT DECEMBER Si: 1790
ASSETS 1990 1989
Current Assets
Bank $2,186 $2,326
Froperty Fund 3: 559 2,280
Prepaid expenses S07 475
Total Current Assets 6; 253 5,081
Fixed Assets
Land and Improvements 23,226 23, 226
Buildings 188,091 188,091
Equipment and Furnishings 42: 622 42, 622
Total Fixed Assets 253, 939 253. 929
Total Assets 240; 192 259; 020
LIABILITIES AND EQUITY
LIABILITIES
Current Liabilities
Bank Indebtedness 0 o
Accounts Payable (16) il
Current partion L.T.0. = =
Total Current Liablities (16) ii
Long - Term Debt
Roof Loans Payable = =
Lessi- Current portion - -
Total Long - Term Debt o Q
Tatal Liabilities 16) i
EQUITY
Member’s Equity
Opening equity 259, 920 256, 207
Operating surplus (shortage? o4 S64
Transfers to Property Fund 1,094 2,235
Total Member’s Equity 260, 207 259. 005
Total Liabilities and Equity $260,192 $259, O2¢

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