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Financial
Statements
2022
2021
COLLEGE OF REGISTERED PSYCHOTHERAPISTS AND REGISTERED MENTAL HEALTH THERAPISTS OF ONTARIO
YEAR ENDED MARCH 31, 2022
Statement of Financial Position March 31, 2022
2022
2021
ASSETS
Current Assets
Cash
$11,852,293
$9,740,946
Accounts receivable
6,476
Prepaid expenses
174,983
91,015
12,033,752
9,831,961
Tangible Capital Assets
297,108
358,596
$ 12,330,860
$ 10,190,557
LIABILITIES AND NET ASSETS
Current Liabilites
Accounts payable and accrued liabilities
$750,481
$874,087
Government remittances payable
631,456
516,547
Deferred revenue
4,896,718
4,182,939
6,278,655
5,573,573
Deferred Rent Payable
185,952
210,416
Net Assets
6,464,607
5,783,989
Unrestricted
5,463,050
3,943,339
Invested in tangible capital assets
297,108
358,596
Internally restricted - sexual abuse therapy fund
106,095
104,633
5,866,253
4,406,568
$ 12,330,860
$ 10,190,557
On behalf of the Board:
Director
Director
Revenue
Membership
$4,721,331
$4,268,000
Jurisprudence
314,940
217,792
Application
307,790
231,100
Administration
150,828
59,793
Interest income
23,484
27,034
Sublet rental income
21,460
-
5,539,833
4,803,719
Expenses
Salaries and benefits
2,493,349
2,066,353
Complaints and discipline
384,101
522,143
Occupancy
263,011
255,737
Database and e-learning
81,846
313,926
Council and committees
201,894
123,294
Office
268,046
213,148
Registration
42,677
48,187
Professional services
56,440
65,490
Quality assurance
144,149
131,102
Communications
11,064
12,268
Insurance
6,639
7,631
Sexual abuse therapy fund
33,538
33,538
Amortization of tangible capital assets
93,394
94,573
4,080,148
3,861,567
Excess of revenue over expenses
$1,459,685
$942,152
Cash provided from (used in)
2022
2021
Operating Activities
Excess of revenues over expenses
$1,459,685
$942,152
Items not involving cash:
Amortization of tangible capital assets
93,394
94,573
Amortization of deferred rent payable
(24,464)
(16,953)
1,528,615
1,019,772
Changes in non-cash working capital items:
Accounts receivable
(6,476)
Prepaid expenses
(83,968)
(4,488)
Accounts payable and accrued liabilites
(123,606)
243,372
Government remittances payable
114,909
62,503
Deferred revenue
713,779
572,939
2,143,253
1,894,098
Investing Activites
Purchase of tangible capital assests
(31,906)
(1,403)
Items not involving cash:
Increase in cash
2,111,347
1,892,695
Cash, beginning of year
9,740,946
7,848,251
Increase in cash
$11,852,293
$9,740,946
Annual
Report
2022
2021
Highlights
Committee Members
Financial Statements
