PWDEE

EMPOWERMENT & EMPLOYMENT

 The PWDEE is a non-stock, non-profit
Organization, and is designed to encourage
and help people with physical disability gain
Financial Report
a sense of self-worth and hope that would
Organization Background
enable to improve their lives and their future.
Vision

Mission

Statement of Financial PWDEE Foundation was founded in 2017 by a

Position group of concerned citizens to help every
Statement of Activities person with disabilities to earn profit for their
future. The foundation’s activities are funded
Statement of Changes in from donations appropriated by members
Net Assets
and grants from local and foreign sources.
Statement of Cash Flows
 OUR VISION

All persons with disabilities

are able to attain their fullest
potential and to become active
citizen of our country.
 OUR MISSION
To provide direction to and
coordinate and monitor the activities
of government, non-government, and
people’s organizations involved in the
prevention of the causes of
equalization of opportunities in
partnership with persons with
disability.
 CYRELLE LIBO-ON MICAH MONTILLA
Chairman Vice President

JUSTIN SAN JUAN JEMAIMA MABUNGA

Secretary

APRIL ROSE TALLER DIANA MARIE PEREZ

LIST OF BENEFICIARES
• Lala S. Bermuda • Rena J. Elen
• Apey D. Silva • Tina Fulong
• Casie B. Mondra • Andre I. Rieza
• Helix C. De Luna • Arjane S. Salen
• Sunshine M. Crey • Alyana O. Roma
• Kathryn N. Berna • Romina C. Mondragon
• Daniel K. Matsu • Daniela U. Flores
• Ria E. Atayna • Albina T. Tamano
• Felix H. Santos • Romelyn B. Asis
• Cassandra F. Perez • Sally G. Emen
• Stanny P. Cruz • Shanta K. Banal
• Maria O. Hopia • Ellias J. Pedra
• Samantha L. Guman
Eudora A. Alonzo Ritchel G. Celes
Sanny O. Santos Gusion H. Assasin
Romeo S. Juliet Miya K. Tank
Miya F. Tano Nana Y. Burst
Sun L. Garcia Lea Ramos
Leonardo U. Rub Cathlen De Leon
Roger E. Advincula Gabby O. Chambe
Christian W. Taner Rafael G. Reyes
Jayson T. Villamor Jane R. Valeres
Samuel I. Villa Ben W. Mendoza
Grace H. Ramos John D. Tamuro
Jenny R. Espana Jen S. Seguerra
Lovely P. Coleres
 S TAT E M E N T O F
FINANCIAL POSITION
 ASSETS LIABILITIES & NET ASSETS

CURRENT: LIABILITIES
Cash 2 ₱1,292,475.00 Accounts Payable & ₱2,200,617.00
Receivables 3 1,234,898.00 Accrued Expenses 5
₱2,200,617.00
Total Current Assets ₱2,527,373.00 Total Liabilities

NON-CURRENT: NET ASSETS

Unrestricted 6 ₱2,201,751.00
Property & 4 ₱3,574,995.00
Equipment Temporarily
₱1,500,000.00
Total Non-Current Restricted
₱3,574,995.00
Assets Total Net Assets ₱3,701,751.00

TOTAL LIABILITIES & ₱6,102,368.00

TOTAL ASSETS ₱6,102,368.00 NET ASSETS
 PWDEE EMPOWERMENT AND EMPLOYMENT
STATEMENT OF FINANCIAL POSITION
For the year ended December 31, 2018
(In thousand)

CURRENT:
Cash
Receivables
Total Current Assets

NON-CURRENT:
Property & Equipment
Total Non-Current
Assets

TOTAL ASSETS
S TAT E M E N T O F
ACTIVITIES
 PWDEE EMPOWERMENT AND EMPLOYMENT
STATEMENT OF ACTIVITIES
For the year ended December 31, 2018
(In thousand)

Note 2018
Unrestricted Temp. Restricted TOTAL
REVENUES 7
Donation 6,615 1,500 8,115
Membership Contribution 66 66
Interest Income 287 287
TOTAL REVENUE 6,968 1,500 8,468
EXPENSES
General and Administrative 2,682 2,682
Program Cost 2,084 2,084
TOTAL EXPENSES 4,767 4,767

EXCESS OF REVENUE OVER EXPENSES 2,202 1,500 3,702

 S TAT E M E N T O F
CHANGES IN NET
ASSETS
 TEMPORARILY
UNRESTRICTED TOTAL
RESTRICTED

CHANGES IN NET
₱2,201,751.00 ₱1,500,000.00 ₱3,701,751.00
ASSET

NET ASSETS,
968,587.00 734,769.00 ₱1,703,356.00
BEGINNING

NET ASSETS,
₱3,170,338.00 ₱2,234,769.00 ₱5,405,107.00
ENDING
S TAT E M E N T O F
CASH FLOWS
 CASH FLOW FROM OPERATING ACTIVITIES
EXCESS OF REVENUE OVER EXPENSE ₱3,701,751.00
Adjustments from:
Depreciation 735,559.00
Interest Income from Bank Deposits (287,076.00 )
Operating Profit before Working Capital
₱ 4,150,234.00
Adjustments
Working Capital Adjustments:
Receivables ₱ 1,305,281.00
Payables & Accrued Expenses 2,400,617.00
Cash Generated from Operating Activities ₱ 444,336.00
Interest Income from Bank Deposit 287,076.00

Net Cash Provided from Operating Activities ₱ 731,412.00

Net Cash Provided from Operating
₱ 731,412.00
Activities

CASH FLOW FROM INVESTING ACTIVITIES

Additions to Property & Equipment ₱ 21,678.00

Net Cash Provided from Investing Activities ₱ 21,678.00

NET CASH FLOW ₱1,292,475.00

Cash, Beginning Balance ₱539,385.00

Cash, Ending Balance ₱1,292,475.00

DISCLOSURES
 NOTE 2. CASH
Cash in banks earn interest at the respective bank deposit rates.
Interest income earned on cash in banks amounted to ₱287,076.00.

2018

Cash on Hand 170,383.00

Cash on Bank 1,196,149.00

TOTAL 1,366,532.00
NOTE 3. RECEIVABLES

2018
Contribution Receivables 66,000.00
Advances to Officers and Employees 25,030.00
Grants Receivables 856,792.00
Other -
Interest Receivable 287,076
TOTAL 1,234,898.00
NOTE 4. PROPERTY AND
EQUIPMENT

Office
Computers Furnitures
Vehicle and Printers and Fixtures Total
Cost:

January 1. 2018 2,900,000 139,100 228,120 3,267,220

- -
Additions - 21,678
31-Dec-18 2,900,000 160,778 228,120 3,267,220
Accumulated
580,000 64,311 91,248 735,559
Depreciation:

2,320,000 99,357 136,872 2,556,229

Net Book Value
NOTE 5. ACCOUNTS PAYABLE AND
ACCRUED EXPENSES

2018
Accounts Payable, medical, 1,410,368
Accrued Expenses 132,000
Loan Payables 858,249
TOTAL 2,400,617
NOTE 6. NET ASSET MANAGEMENT

The main reason for the Organization’s net asset balance is to

ensure that it maintains adequate funds to support its various activities
and programs along with its administrative costs.

Since the Organization depends on grants, donations, and

supports received to finance its various activities and projects, it
maximizes the earnings of the funds. It sets aside funds for specific and
for emergency purposes.
The Organization considers its net assets as its capital. These are:

Unrestricted Assets are mainly used for the Organization’s activities and expenses.
Restricted Funds are funds restricted by donors for specific purposes for the organization’s benefit.
Temporarily Restricted Funds are funds restricted by the Organization for specific purposes
and emergencies.

Unrestricted ₱2,201,751.00

Temporarily Restricted ₱1,500,000.00

Total ₱3,701,751.00
NOTE 7. REVENUE & SUPPORT

This account is shown as follows:

Unrestricted Restricted Total

Donations 6,615,394 1,500,000 8,115,394

Membership 66,000 66,000

Contributions -

-
Interest Income 287,076 287,076

TOTAL REVENUE 6,968,470 1,500,000 8,468,470

NOTE 8. SUMMARY OF EXPENSES

SUMMARY OF EXPENSES
For the Year Ended December 31,2018
General &
Administrative Programs and Projects
Expenses

Salaries and Wages 1,518,063.00 450,000.00

Light and Water 84,000.00 58,678.00
Security and Janitorial 249,600.00 130,500.00
Wi-Fi, Telephone and Cable 39,600.00 28,900.00
Repairs and maintenance 43,678.00 58,000.00
Office Supplies 58,349.00 37,600.00
Licenses (tax exempt) 10,789.00 9,800.00
Miscellaneous 78,231.00 66,460.00
Rent 540,000.00
Advertisement and Exhibits 59,899.00 57,890.00
Training and workshop 371,531.00
Professional, Technical and
Other fees 121,895.00
Board and Committee
Meetings 97,086.00
Assistance to Individuals 89,670.00
Medical Service 110,393.00
Communication 396,107.00
TOTAL 2,682,209.00 2,084,510.00