here - Film Training Manitoba

2013-2014
Annual Report
executive DiRectoR’s messAge
Film Training Manitoba has many good things to highlight over the last year. FTM’s workshops were
filled to capacity, a record number of Manitoba instructors led our workshops and FTM developed
several new partnerships.
As you would expect, our annual report shows you who, what, when and where; how many people
participated in training, what programs and courses we delivered, and when they took place. This year
I’d also like to talk about why we do what we do.
It’s actually simple. Film Training Manitoba’s board members and staff are truly invested in developing
the industry in Manitoba. We want our industry to thrive so we work hard to develop local people.
We take pride in finding amazing instructors and bringing the latest technology to Manitoba.
Why? We believe in Manitoba companies, Manitoba crewmembers, our participants and partners,
and our programs. We believe that training and lifelong learning is the key to a thriving industry
where individuals can achieve their potential.
FTM is always looking for ways to continuously improve as we look to the future. As the industry
grows and changes, there will always be work for us to do and we gladly embrace that challenge.
Thank you to our funders and the community for supporting us. FTM’s success is your success.
(left to right) Chris Vajcner, Dawn Bourbonnais, Neila Benson
(left to right) Eric Rae, Heather Roscoe, Kathe Meseman, Neila Benson, Mauro Ferritto, Allison Bile,
Adam Smoluk, Benjamin Aytona
cuRRent Film tRAining mAnitobA stAFF 2013-2014
Neila BeNsoN ExEcutivE DirEctor
HeatHer roscoe aDministrativE assistant
BeNjie aytoNa / DawN BourBoNNais communications
coorDinator
mauro Ferritto / jeNNa NeepiN programs assistant
allisoN Bile training coorDinator, Work ExpEriEncE program
aDam smoluk training coorDinator, crEW training program
2
FilmtraiNiNg.mB.ca
katHe mesemaN FinancE
Ftm chAiR messAge
On behalf of the Board of Directors of Film Training Manitoba (FTM), I am pleased to present the
annual report for the fiscal year ending March 31, 2014. As this report will show, FTM continued to
provide high quality and consistent training during the 2013 fiscal year.
FTM staff focused heavily on outreach activities to assist Manitoba labour organizations and production
companies in finding needed workers. The staff met with promising candidates, providing them with
career information and helping them develop their resumes. This in turn provided local production
companies with 40 promising new people.
Film Training Manitoba participated in several industry consultations to help shape the new federal/
provincial agreement now called the Canada-Manitoba Job Grant. The new agreement, effective July
1, 2014, is available to companies over the next four to six years. FTM will play a key role in assisting
companies with accessing the funds from the program.
Other highlights of the year include the Film Training Manitoba Expo titled Managing Your Career.
The Expo was comprised of five events which took place in October. It was well attended with an
overall total of 66 participants. Film Training Manitoba’s Crew Training Program delivered 49 in-class
workshops with 864 people trained.
Film Training Manitoba also partnered with On Screen Manitoba for two very successful sessions
at the annual All Access media conference. FTM worked with Red River College (RRC) to determine
the gaps between the standard accounting program at RRC and the skills needed to work as an
accountant in the film, television and digital media sector.
Without the continued support of Manitoba’s film and television industry stakeholders, Film Training
Manitoba’s job would be much more difficult. The Board of Directors would like to thank the various
organizations who have worked directly with FTM over the past year: the City of Winnipeg, the Province
of Manitoba, and the federal government of Canada. Thank you to our other partnering organizations
including IATSE Local 856, IATSE Local 669, the Directors Guild of Canada (Manitoba District), ACTRA
Manitoba, Manitoba Film & Music, On Screen Manitoba and Red River College.
I would also like to offer special thanks to departing board members
Andrew McLaren and Vonnie Von Helmolt for their many years of
commitment to Film Training Manitoba. I’d like to welcome new board
member Brandice Vivier, and thank Vice-Chair Rob Rowan, Executive
Director Neila Benson and her hardworking staff and the dedicated
Board and committee members of FTM for their support in this, my first
full year as Chair of the Board. I look forward to working together with
the staff and board in continuing the success of Film Training Manitoba.
(left to right) Graham Thomson, Chris Vajcner, Brendon Sawatzky, Brandice Vivier, Rob Rowan,
Vonnie Von Helmolt, Neila Benson, Andrew McLaren, Jan Skene, Scott McLaren, Steve Morrisson
Film tRAining mAnitobA boARD membeRs 2013-2014
BreNDoN sawatzky – Chair
proDucEr
inFErno picturEs inc.
VoNNie VoN Helmolt – FinanCe
CoMMittee Chair, proDucEr
vonniE von HELmoLt FiLm
scott mclareN
BusinEss agEnt
Dgc manitoBa
roB rowaN – ViCe-Chair
BusinEss agEnt
iatsE LocaL 856
steVe morrissoN – PrograMs
CoMMittee Chair, gEnEraL managEr
WiLLiam F. WHitE intErnationaL inc.
jeFF peeler
prEsiDEnt
Frantic FiLms
aNDrew mclareN – Past Chair
consuLtant anD principaL
intErgroup consuLtants LtD.
alaiN DoNDo
DirEctor oF proDuction anD
post proDuction
LEs proDuctions rivarD
talia pura
prEsiDEnt
actra manitoBa
graHam tHomsoN
DEan, scHooL oF BusinEss
anD appLiED arts
rED rivEr coLLEgE
cHris VajcNer
DirEctor, communications
anD rEvEnuE DEvELopmEnt
nationaL scrEEn institutE
2013-2014 aNNual report
3
From April 2013 through
march 2014, Ftm attended
10 career fairs and interacted
with over
ver 570 attendees that
were seeking information
about potential career paths
within the manitoba film and
television industry.
Film
ilm
tRAining
mAnitobA..
4
FilmtraiNiNg.mB.ca
...
this past year, Ftm
was able to place 45
trainees in 54
placements on 16
local productions.
Ftm trained
864 people
and delivered
49 in-class
workshops.
Ftm visited 8 secondary
and post-secondary
manitoba schools and
conducted outreach
sessions for over 110
students during the
2013-14 fiscal year.
2013-2014 aNNual report
5
Ftm stAts & FActs:
During this past fiscal
year, Ftm’s outreach
program promoted
careers available in
the film, television and
digital media industry
to over 880 manitobans
via career fairs, visits to
educational institutions,
and in-office career
guidance sessions.
6
FilmtraiNiNg.mB.ca
cRew
tRAining
pRogRAm
Whether you are an existing crewmember, a producer, an actor, or someone who
is looking for work in the film, television and digital media industries, you need to
be confident that the training you do is current and relevant to the industry. On the
same note, production companies want to be sure that professional development
training will help them gain and maintain a competitive edge.
Film Training Manitoba works hard to ensure that individuals and production
companies can access high quality training. We work with industry, training, and
education partners to make sure the training we provide gives participants the
knowledge they need for the ongoing advancement of their careers.
This past year FTM trained 864 people and delivered 49 in-class workshops.
“ the Fundamentals of Directing course was excellent!
i really enjoyed it. like many of the best professors i
have had the joy of learning from, John paizs was able
to take directing and make it seem so simple and selfevident. i definitely feel like i’ve been given a great set
of tools that i will bring with me to my next production.
As long as Ftm continues to bring in people as skilled,
experienced, and knowledgeable as John paizs, then i
look forward being a part of many more courses you
offer in the future.”
mAtheu plouFFe, woRkshop pARticipAnt
2013 mAnitobA Film tRAining expo
The Manitoba Film Training Expo is a collaboration with industry partners to
provide innovative and responsive training in new technologies. The theme of
this year’s Expo was Managing Your Career. Workshops were offered that helped
participants explore different ways of furthering and strengthening their career
paths in a variety of disciplines within the industry – including directing, producing,
and acting.
The 2013 Expo attracted 66 participants from the filmmaking community.
online tRAining
FTM currently offers seven online courses - Set Orientation, WHMIS, Safety
Awareness, Propane Safety, Intro to Paper, Locations, and The Business of Acting.
These courses are recommended to new workers and some are required for
membership to local labour organizations - IATSE Local 856, IATSE Local 669, the
DGC Manitoba District Council, and ACTRA Manitoba. Because they are available
online, crewmembers are able to complete their training without delay.
In 2013-14, 113 participants took part in at least one of the online courses
offered through FTM. In total, participants registered for 279 online courses over
the past year.
FTM translated the six required online courses into French, making them accessible
in both official languages.
cRew tRAining list
ApRil 2013
novembeR 2013
•TrafficAwarenessforthe
FilmIndustry
•Actors’GymwithShelaghCarter
•AdvancedSceneStudywith
BenRatner
•Actors’GymwithAaronMerke
•IntroductiontotheProduction
Office
•IntroductiontotheCostume
Department
•WAFFScreenwriting101
•CanadianBorderServices
mAy 2013
•AuditionHellwithPeterSkagen
•Tips,TechniquesandEtiquette
forFilmSetandPropBuying
•NSI:NewVoicesWHMIS
•NSI:NewVoicesSetOrientation
•Actors’GymwithCarmenKotyk
•TaxCreditsandBudgeting
DecembeR 2013
•Prep&Shoot-Introduction
toAssistantDirecting
•TheEssentialQuestionsof
ScriptDevelopment
•IntroductiontoVoiceWork
•ScriptDevelopment
•Introductionto3rdAssistant
Directing
•Actors’GymwithTamaraGorski
•IntroductiontoSteadicam
CameraStabilizingSystem
•IntroductiontoDocumentary
Producing
July/August 2013
JAnuARy 2014
•Actors’GymwithCarmenKotyk
•IntroductiontoLightingand
Grip
•IntroductiontotheProduction
Office
•AllAccess:SeizingOpportunity
-Today’sFinancingPartners
•NUMediaSetOrientation
•Actors’GymwithGaryYates
•MusicRightsandClearances
septembeR 2013
FebRuARy 2014
•SmartStart:HowtoStartYour
BusinessinFilm,Television
andNewMedia
•IntroductiontoProduction
Assisting
•IntroductiontoCo-Productions
andBusinessAffairs
•Actors’GymwithGaryYates
•IntroductiontotheHair
DepartmentfortheFilm
Industry
•ElectronicCastingfor
ProfessionalActors
•BusinessAffairsforFilm
andTelevision
•IntroductiontoDollyGrip
•TVWritingfromConcept
toProduction
•Actors’GymwithDarrenWall
June 2013
octobeR 2013
•TheFundamentalsofDirecting
withJohnPaizs
•Actors’GymwithNicholasRice
•WorkingasaProfessionalActor
•GreenlightYourCareer
•AllAccess(Frenchsession)
•ProductiveProductionsand
HRStrategies
mARch 2014
•IntroductiontoFinalDraft
andMovieMagicScreenwriter
•SuccessfulAuditionStrategies
•IntroductiontoDocumentary
Producing
•GimmeSomeTruth:Taking
Shape-NewFormsfor
NorthernStories
FTM partnered with Red River College to deliver the Film Crew Training:
Introduction course as part of the Digital A/V Production certificate program
through the Department of Continuing Education. In 2013-14, three participants
registered and completed the course.
2013-2014 aNNual report
7
Ftm stAts & FActs:
Due to a large number
of new, inexperienced
workers, Ftm partnered
with sony pictures and
buffalo gal pictures
to provide a special set
orientation training session
for potential production
assistants on the film
heaven is for Real.
woRk
expeRience
pRogRAm
8
FilmtraiNiNg.mB.ca
Work experience is a valuable opportunity to
learn more about the film and television industry
and to explore your future career path.Through
FTM’s work experience program, participants are
given the opportunity to develop their skills and
cultivate strong networks within the industry.
Our goal is to provide on-the-job training to
both new and established technicians, expand
the number of skilled crewmembers working in
Manitoba, and to address succession planning
for production companies and industry-related
organizations. FTM works closely with labour
organizations, local production companies and
other film and television related organizations to
identify departments where training is needed.
• This past year, FTM was able to place 45
trainees in 54 placements on 16 local
productions.
cAReeR Focus cRew inteRnships
FTM’s wage subsidy work placements give
trainees the experience and professional growth
they need to sustain a career in the film and
television industry.
By pairing experienced and established crew
with someone who is moving into a more senior
position, the program helps participants build on
their knowledge and abilities to do the job of a
more senior crewmember.
• This past year, FTM facilitated 23 mentorships
in the following areas:
•
•
•
•
•
•
•
•
•
•
•
•
•
3-D Supervisor
3-D Lead Artist
3-D Visual Effects Artist
Assistant Directing
Assistant Production Coordinator
Camera Department
Costume Department
Editing Department
Production Management
Production Office
Set Decorating
Sound Department
Production Coordinator
Generously funded by HRSDC, our career
focus internship program helps post-secondary
graduates gain the skills and employment
experience related to their field of study and
future career goals.
The skills upgrade program provides support
for existing crew who are interested in
increasing their skill sets and advance within
their departments. Once a crewmember is
deemed eligible for this program, FTM works
with the production company to upgrade the
crewmember to a more senior position on a
production.
• This past year, FTM had 8 career focus interns
complete 10 placements in the following
departments/positions:
• This past year, FTM facilitated 18 upgrade
placements in the following departments/
positions:
•
•
•
•
•
•
•
Art Department
Assistant Directing
Grip Department
Lighting Department
Post-Production Sound
Production Assistant
Production Office
cRew mentoRships &
skills upgRADes
FTM’s mentorship program provides training
opportunities for qualified crew already working
in the local film and television industry that are
seeking a focused professional development
opportunity.
•
•
•
•
•
•
•
•
•
•
•
Art Department
Assistant Production Coordinator
Grip Department
Lighting Department
Locations Manager
Office Production Assistant
Props Department
Lead Set Decorator
Lead Set Dresser
Production Assistant
Sound Department
cRew couRse AnD tRAvel FunD
The Crew Course and Travel Fund (CCTF)
supports the professional development of
Manitoba crewmembers currently working
in the industry by providing financial assistance
to cover the costs of attending a workshop or
course not available in Manitoba.
“ i believe you and the
staff at Film training
manitoba are doing a
great job finding and
assisting new people
who want to work in
the film industry in the
province. keep up the
great work.”
– leon Johnson, pRoDuction
sounD mixeR
• This past year, FTM assisted three
crewmembers in their professional
development with the following training
initiative:
•
Remote Camera Head course at
William F. White in Toronto
humAn ResouRce tRAining FunD
Film Training Manitoba’s Human Resource Training
Fund (HRTF) was specifically designed to support
Manitoba companies by providing support for
customized training specific to their needs.
In 2013-14, FTM assisted the following
organizations with their professional development:
Julijette Inc. to deliver a story analysis session
with Ken Chubb. Julijette Inc. invited eight local
industry members to the workshop, which
included writers, directors and producers.
Media Rendez-Vous to deliver a two-day
workshop in which eight staff and invited writers
received training by two veteran story editors on
developing comedy for children in both French
and English.
Opus Visual FX to deliver training for one visual
effects supervisor and two lead animators on the
advanced animation application FumeFX.
2013-2014 aNNual report
9
outReAch
pRogRAm
Ftm stAts & FActs:
Ftm workshops held
in 2013-14 were well
attended with many of
them selling out. the
total number of Ftm
participants for the year
was 919 (workshops,
work experience &
online courses).
10
FilmtraiNiNg.mB.ca
“ i just wanted to thank you for the very informative and wonderful workshops on
“successful Audition strategies.” please keep me informed of any other workshops
that you think i might benefit from. Also, please give my thanks to Ftm and your
team as well.”
– giuseppe conDello, woRkshop pARticipAnt
In an ongoing effort to build support and increase
the awareness of careers available to Manitobans
in the film, television and digital media industry,
Film Training Manitoba continually liaises with
educational and training institutions, as well
as youth organizations.Year round visits to
universities, trade schools, colleges, and high
schools provide an opportunity for individuals
to learn more about a career in the film industry.
cAReeR FAiRs
FTM travels throughout the year to career fairs
and community events to provide information
about the local film and television industry and
deliver presentations to students and potential
crewmembers in Winnipeg and rural Manitoba.
• From April 2013 through March 2014, FTM
attended 10 career fairs and interacted
with over 570 attendees that were seeking
information about potential career paths within
the Manitoba film and television industry.
“[Ftm] has given me an opportunity to learn a position that
doesn’t have other specific training opportunities. there are very
few people in manitoba able to fill this position and it is in high
demand. Also the program has encouraged producers to hire me
in this position, which is furthering my career in film. i am very
happy to have had this opportunity!”
– FiRst Accounting AssistAnt inteRn
school pRogRAm
Youth often have a general interest in filmmaking
but have little knowledge of the jobs that are
available to them or how to find a job in the
industry. FTM tailors presentations to schools to
advise students of the job opportunities available
in the film and television industry.
• FTM visited 8 secondary and post-secondary
Manitoba schools and conducted outreach
sessions for over 110 students during the
2013-14 fiscal year.
Film inDustRy inFoRmAtion
sessions & cAReeR guiDAnce
FTM recognizes the importance of community
outreach and we offer free sessions for those
considering a career in the film industry. These
sessions provide a broad overview of the
opportunities available to the public if they
are interested in a career in Manitoba’s film
and television industry.
• FTM provided in-office career counseling
for 209 people who were looking for advice
and guidance about starting or upgrading their
careers in the local film industry.
“the program gave me a peace of mind knowing that if something
did go drastically wrong (knock wood) that i’d have that support
and network of people. it’s a nice security blanket having this
group that cares and are there to see me become a props master.
they don’t have anything like that in vancouver – there if you
want to prop master you just sort of do it and hope for the best.
whereas here it’s like there’s a little family who like to see people
grow up and then move out.”
– DAviD mAcvicAR, pRops mAsteR
2013-2014 aNNual report
11
Film tRAining mAnitobA inc.
FinAnciAl
stAtements
mARch 31, 2014
500 - Five Donald Street
Winnipeg, Manitoba R3L 2T4
Tel: (204) 284-7060
Fax: (204) 284-7105
www.bookeandpartners.ca
Independent Auditors' Report
To the Directors of
Film Training Manitoba Inc.
We have audited the accompanying financial statements of Film Training Manitoba Inc., which comprise
the statement of financial position as at March 31, 2014, and the statements of operations, changes in net
assets and cash flows for the year then ended, and a summary of significant accounting policies and other
explanatory information.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with Canadian accounting standards for not-for-profit organizations, and for such internal
control as management determines is necessary to enable the preparation of financial statements that are
free from material misstatement, whether due to fraud or error.
Auditors' Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with Canadian generally accepted auditing standards. Those standards
require that we comply with ethical requirements and plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditor's judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or
error. In making those risk assessments, the auditor considers internal control relevant to the
Organization's preparation and fair presentation of the financial statements in order to design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on
the effectiveness of the Organization's internal control. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of accounting estimates made by
management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
Opinion
In our opinion, the financial statements present fairly, in all material respects, the financial position of Film
Training Manitoba Inc. as at March 31, 2014, and the results of its operations and its cash flows for the
year then ended in accordance with Canadian accounting standards for not-for-profit organizations.
Winnipeg, Canada
June 10, 2014
12
FilmtraiNiNg.mB.ca
Chartered Accountants
1
Film tRAining mAnitobA inc.
stAtements oF opeRAtions
stAtements oF FinAnciAl position
yeARs enDeD mARch 31
2014
2013
Revenues
IndustryWorkforceDevelopment
LabourMarketDevelopmentAgreement
IndustryandLabourForceInvestmentFund
HumanResourceandSkillsDevelopmentCanada
AllianceofCanadianCinema,TelevisionandRadioArtists
DirectorsGuildofCanada
InternationalAlliance ofTheatricalStageEmployees
Amortizationofdeferredcontributionsforequipment(Note7)
Registrationfees
Interestincome
Otherincome
$346,200
161,000
29,969
1,000
9,650
5,000
8,095
41,337
3,624
600
In-kindcontributions
174,959
205,808
792,921
812,283
23,472
20,044
5,667
3,906
35,319
21,770
15,914
34,691
2,068
4,485
52,168
19,325
319,644
48,171
174,959
781,603
20,201
20,818
8,095
2,000
40,859
22,036
15,262
27,445
1,731
4,634
55,055
17,590
315,077
52,885
205,808
809,496
$ 11,318
$2,787
Excess of revenues over expenses
2014
2013
$ 186,669
30,946
$186,400
33,634
Assets
$ 298,700
208,800
38,362
1,300
9,660
5,000
5,667
44,240
3,290
2,643
expenses
AbovetheLineTraining
ActorTraining
Amortization
CompanySpecificTraining
CrewTraining-Advanced
CrewTraining-EntryLevelCourses
Diversityprogram
HumanResourcesandSkillsDevelopmentCanada
Interestandbankcharges
Marketingandcommunications
Office
Onlinetraining
Salariesandbenefits
Workexperience
In-kindexpenses
yeARs enDeD mARch 31
Current
Cash(Note 3)
Receivables(Note 4)
Prepaidexpenses
2,651 2,500
220,266 222,534
Equipment(Note 5)
13,221
18,888
$ 233,487
$241,422
Current
Payablesandaccruals
Deferredrevenue(Note 6)
$ 30,453
10,000
$44,079
9,960
Deferredcontributionsforequipment(Note 7)
40,453 13,221
54,039
18,888
53,674 72,927
Unrestricted
InternallyRestricted
75,272
104,541
63,954
104,541
179,813
168,495
$ 233,487
$241,422
liAbilities
net Assets
Commitments(Note 8)
OnbehalfoftheBoard
Director
Director
See accompanying notes to the financial statements
See accompanying notes to the financial statements
stAtements oF chAnges in net Assets
yeARs enDeD mARch 31 2014
Unrestricted
Internally
Restricted
Total
2014
Total
2013
Balance,beginningofyear
Excessofrevenuesoverexpenses
$63,954
11,318
$104,541
-
$ 168,495
11,318
$165,708
2,787
Balance,endofyear
$75,272
$104,541
$ 179,813
$168,495
See accompanying notes to the financial statements
2013-2014 aNNual report
13
Film tRAining mAnitobA inc.
stAtements oF cAsh Flows
yeARs enDeD mARch 31
notes to the FinAnciAl stAtements
2014
2013
Cashderivedfrom(appliedto):
1. nAtuRe oF opeRAtions
opeRAting
Excessofrevenuesoverexpenses
$ 11,318
$2,787
5,667
8,095
Amortizationofdeferredcontributionsforequipment
(5,667)
(8,095)
11,318
2,787
2,688
13,102
Amortization
Changeinnon-cashoperatingworkingcapitalitems
Receivables
Prepaidexpenses
Payablesandaccruals
Deferredrevenue
net incReAse in cAsh
mARch 31, 2014
(151)
-
(13,626)
31,689
40
310
269
47,888
186,400
138,512
$ 186,669
$186,400
FilmTrainingManitobaInc.(theOrganization)undertakesactivitiesrelatingtotraining
inthefilm,video,andrelatedindustries.TheOrganizationwasincorporatedasanot
forprofitentitywithoutsharecapitalundertheCorporationsActofManitobaandisa
registeredcharityundertheIncomeTaxAct.
2. summARy oF signiFicAnt Accounting policies
ThesefinancialstatementsarepreparedinaccordancewithCanadianaccounting
standardsfornot-for-profitorganizations.Thesignificantaccountingpoliciesused
aredetailedasfollows:
(A) Revenue Recognition
TheOrganizationfollowsthedeferralmethodofaccountingforcontributions,which
includesdonationsandgovernmentgrants.Restrictedcontributionsarerecognized
asrevenueintheyearinwhichtherelatedexpendituresareincurred.Unrestricted
contributionsarerecognizedasrevenuewhenreceivedorreceivablewhenthe
amounttobereceivedcanbereasonablyestimatedandcollectionisreasonably
assured.Registrationfeesarerecognizedwhenserviceshavebeenperformedand
collectionisreasonablyassured.
cAsh
Beginningofyear
Endofyear
(b) inteRnAlly RestRicteD net Assets
Internallyrestrictednetassetsrepresentanoperatingreservefundforthe
Organization.Thisoperatingreserveistobeusedtorespondtoextraordinary,
unplannedcostsandtoprovideatemporarysourceoffinancingforcashflow
purposeswhennecessary.Theseinternallyrestrictedamountsarenotavailable
forotherpurposeswithoutpriorapprovaloftheBoardofDirectors.
See accompanying notes to the financial statements
(c) equipment
Equipmentisrecordedatcost.TheOrganizationprovidesforamortizationusingthe
decliningbalancemethodatratesdesignedtoamortizethecostoftheequipment
overitsestimatedusefullife.Theannualamortizationrateisasfollows:
Equipment
30%
(D) Accounting estimAtes
ThepreparationoffinancialstatementsinaccordancewithCanadianaccounting
standardsfornot-for-profitorganizationsrequiresmanagementtomakeestimates
andassumptionsthataffectthereportedamountofassetsandliabilities,disclosure
ofcontingentassetsandliabilitiesatthedateofthefinancialstatementsandthe
reportedamountofrevenuesandexpensesduringthereportedperiod.Theseestimates
arereviewedperiodicallyandarereportedinearningsintheperiodinwhichthey
becomeknown.Actualresultscoulddifferfromtheseestimates.
(e) FinAnciAl instRuments
Itismanagement’sopinionthattheOrganizationisnotexposedtosignificant
credit,currency,interestrate,liquidityormarketrisksarisingfromitsfinancial
instruments.
(F) in-kinD contRibutions AnD expenses
In-kindcontributionsrepresentthevalueofvolunteerservicesbytheBoard
ofDirectorsandmembers,byproductioncompaniesforwagesandexpenses
paiddirectlytotraineesandtrainersinexcessoftheamountscoveredby
theOrganizationandservicebysuppliersfordiscountedequipmentcostsfor
workshops.Anequalin-kindexpenseisalsorecordedastheseareincremental
costsincurredincarryingouttheprograms.
14
FilmtraiNiNg.mB.ca
Film tRAining mAnitobA inc.
notes to the FinAnciAl stAtements (continueD)
notes to the FinAnciAl stAtements (continueD)
mARch 31, 2014
mARch 31, 2014
3. cAsh
8. commitments
AlineofcredithasbeenauthorizedbyAssiniboineCreditUniontoamaximumof
$20,000bearinginterestatthecreditunion’sprimelendingrateplus2.0%.Theline
ofcreditissecuredbyafirstchargeoverallassetsoftheOrganization,supportedbya
GeneralAssignmentofProvincialGrants.Noamountisoutstandingonthelineofcredit
asatyearend(2013-$Nil).
TheOrganizationhasenteredintoaleaseagreementforofficespaceexpiringFebruary
28,2016,withannualminimumrentof$36,000($39,000effectiveMarch1,2014).
TheOrganizationhassubletaportionofitsofficespacetoathirdpartyforanannual
recoveryof$14,400($15,600effectiveMarch1,2014).
TheOrganizationalsoleasesaphotocopier.
Theminimumleasepaymentsforthenexttwoyearsareasfollows:
4. ReceivAbles
2014
2013
Grantsreceivable
GSTreceivable
Otherreceivables
$ 23,220
3,757
3,969
$25,338
4,677
3,619
$ 30,946
$33,634
5. equipment
Equipment
Cost
Accumulated amortization
2014
Net Book
Value
2013
NetBook
Value
$ 92,552
$ 79,330
$ 13,221
$18,888
2015
2016
39,220
35,750
9. economic DepenDence
ThevolumeoffinancialactivityundertakenbytheOrganizationwithitsfundingbodies
isofsufficientmagnitudethatthediscontinuanceoffundingwouldendangertheability
oftheOrganizationtocontinueasagoingconcern.
6. DeFeRReD Revenue
Deferredrevenuerepresentsoperatingfundsthatarerelatedtothesubsequentyear.
DirectorsGuildofCanada
2014
2013
$ 10,000
$9,960
7. DeFeRReD contRibutions FoR equipment
Deferredcontributionsforequipmentrepresenttheunamortizedportionofcontributions
withwhichtheOrganization’sequipmentwaspurchased.
Thechangesfortheyearinthedeferredcontributionsbalanceareasfollows:
2014
Beginningbalance
Amortization of deferred contributions (included in revenues)
2013
$ 18,888
(5,667)
$26,983
(8,095)
$ 13,221
$18,888
2013-2014 aNNual report
15
Coming in 2014-2015
100-62 Albert Street
Winnipeg, MB Canada R3B 1E9
T: 204.989.9669
Toll Free: 1.866.989.9669
Fax: 204.989.9660
E: [email protected]
www.filmtraining.mb.ca