Loading...
HomeMy WebLinkAbout12 PoetrIEVISUAL AND PERFORMING ARTS -- -GRANT APPLICATION FORM City of San Bernardino —Fine Arts Commission I• Applicant /Organization Name of Organization PoetrlE Physical Address Inlandia San Bernardino Office 536 W. 111h Street San Bernardino, CA 92410 Mailing Address Telephone No. Cell Phone Non - Profit I.D. No. Website Address Number of Years in Existence or in Teaching II. Contact Person Title Telephone No: Cell No: E -mail address: 1 25246 Barton Road. Apt #2, Loma Linda, Ca 92354 (909)586 -4855 NA 3671615 poetriepoetrie.org 3 years Isabel Quintero President of PoetrlE (909 ) 586 -4855 NA Isabel @poetrie.org N r-i _rj co .0 M CI1 C� -0 C-D .t- III. Program Category Under which Support is Requested: IV. Period of Support Requested: From March 2017 Starting Amount of Grant Requested Literary Arts $7,072 Through Ending Total Organizational Budget for current fiscal year (Not applicable to schools) Total Assets Percent of total Organization Budget Requested Poe WE Assets: 268 Dollar Amount March 2018 $12,950 $268 %57 PoetrlE Contributions /income : 5910 Dollar Ai nt Amout Requested :7102 DollarAmount "� - N PoetrlE contributions/ income N Grant Amout Requested PoetrlE Assets 2 V. Protect Description /Need Statement PoetrlE is requesting funds to open a store front in downtown San Bernardino, to more adequately conduct community outreach through our literary arts programs-i.e. workshops, poetry and fiction readings, and educational /cultural events to an underserved population. Our goal is to promote literacy and the arts through spoken word, literary performances, literary arts classes and workshops, and direct community outreach. As of 2015 U.S census data the county of San Bernardino contains over two million individuals. Of these two million over half are Hispanic or Latino, 10% are African American, 7% are Asian, and %2 are Native American. The city of San Bernardino is comprised of seven wards. Downtown San Bernardino is located in the Ward 1. This Ward is comprised of approximately thirty thousand individuals. Over seventy -five percent of these individuals identify as Hispanic with thirteen percent that identify as African American. Other minorities include Asian populations at %4, Native American populations at %2, and other nonwhite races and /or mixed race population at %40. Over one third of all these residents make less than $15,000 per year. October 19, 2015 These residents have a need for more literary arts programs in their local areas. Due to severe low income and other resources have created a disparity between arts programs in downtown San Bernardino and other downtown centrally located arts programs. 2015 2020 Households by Income Natlber Percent Number Percent <S1S,00U 2,553 33.3% 2,640 33.9% 515,000 - $24,999 1,425 18.6% 1,172 15.1% 525,000 - $34,999 1,331 173% 1,231 15.8% 535,000 - $49,999 1,003 13.1% 1,058 13.6% $50,000 - $74,999 742 9.7% 841 10.8% SIS.000 - $99,999 372 4.8% 516 b.6% $100.000 - $149,999 206 2.7% 271 3.5% $150,000 - 5199,999 22 03% 29 0.4% 5200,000* 18 0.2% 22 0.3% Median Household Income $23,566 $25,454 Average Household Income 531,712 $35,193 Per Capda Income $9,934 $10,796 Census 2010 2015 2020 Population by Aye Number Percent Number Percent Number Percent 0 - 4 3,123 10.5% 3,091 10.2% 3,091 10.0% S - 9 2,801 9.4% 2,868 915% 2,822 9.20/6 10-14 2,561 8.6% 2,539 8.4% 2,681 8.7% LS - 19 2,731 9.2% 2,431 8.0% 2,418 7.8% 20-24 2.625 8.8% 2,852 9.4% 2,443 7.9% 25- 34 4,449 14.9% 4,758 15.7% 5,1194 16.5% 35-44 3,973 13.3% 3,756 12.4% 3,900 12.7% 45-54 3,361 11.3% 3,270 10.8% 3,197 10.4% 55-64 1,981 6.6% 2,282 /.5% 2,451 8.0% 65- 74 1,215 4.1% 1,417 4.1% 1,652 5.4% 75-84 758 2.5% 689 2.3% 783 2.5% 85+ 265 0.9% 288 1.0% 285 0.9% Census 2010 2015 2020 ld Race and Ethnty Number Percent Number Per[Mt Number Percent White Alone 12,249 4L0% 12,277 40.6% 12,608 40.9% Black Alone 4,217 14.1% 3,991 13.2% 3,797 12.3% Arnencan Indian Alone 4/5 1.6% 469 1.6% 463 1.5% Asian Alone 916 3.1% 952 3.1% 1,006 3.3% Pacific Islander Alone 111 0.4% t13 0.4% 114 0.4% Some Other Race Alone 10,639 35.6% 11,159 36.9% 11,529 37.4% Two or More Races 1,249 4.2% 1,280 4.2% 1,301 4.2% t9spamc Ongm (Any Race) 21,764 72.9% 22,717 75.1% 23,808 77.3% Date Hote: In-e is e.wessod in Current 6411ars Source: V.S. CMfUS BYlNn, Census 2010 Summary Fne 1. Lsn tmecasts rar 2015 and 2020 October 19, 2015 These residents have a need for more literary arts programs in their local areas. Due to severe low income and other resources have created a disparity between arts programs in downtown San Bernardino and other downtown centrally located arts programs. (Continued) We hope to empower the diverse peoples of this particular region by providing literary arts programs in a central location. We have identified the need for a static location to serve as a central hub for PoetriE literary activities. By utilizing a storefront in an area that exemplifies a density of poverty and a high minority population to highlight literary arts we hope to create an opportunity for hope and artistic expression directly to those who need it most. There is a true need for inclusivity in the arts program. For African Americans populations we have identified a serious lack of literary arts programs in San Bernardino that include oral histories, theater, and performance based work. Spoken word is an oral art that focuses on the aesthetics of word play and intonation and voice inflection and can include any kind of poetry recited aloud, including hip -hop, jazz poetry, poetry slams, traditional poetry readings, comedy routines and 'prose monologues. Unfortunately, this type of literary art form is not held to the same esteem as more conventional literary art, and there is a lack of recognition. Because of the high population of African American men and women in this particular region, we feel that having a venue that is inclusive of spoken word literary arts is vital. One of our board members, Nikia Chaney has created a new class for performance poetry. While this class is new, her first class was held on February 6, 2017, attendance is high (over 10 participants for the first class), with interest from 12 members for the next class. We hope to give this class a permanent home in the heart of San Bernardino. We would also like to expand our literary activities into publications. Our board member Michael Cooper has created an anthology for spoken word artists in order to give publishing opportunities to poets who have little resource to publish work. For the Hispanic populations of San Bernardino, ideas of family and community are vitally important. Many participants at PoetriE readings have expressed a deep level of responsibility for family members and for the well -being of their community. In order to foster these traits, PoetriE would need to create a central place that members of the Hispanic community can feel free to gather and celebrate their cultural heritage. Having a permanent location downtown could provide the community with such a place. Another aspect that is very important to PoetriE is the idea of bring in music and dance to a shared community space. "Baile ", dance in Spanish and celebrations of music that highlight this intense passion in life are wonderful ways in which to create literary artistic traditions that can be passed down to other generations. Our board member Allyson Jeffredo has proposed the creation of a program for Saturday morning workshops for families that would include poetry writing for all ages and family friendly activities. Unfortunately, we have been unable to secure an ongoing location for this class. Isabel Quintero our Board Director is the author of an award - winning young adult novel and experienced with working with teens, as well. Isabel is also Latino and our readings have frequently utilized Latino poets and writers. We wish to be inclusive to other minorities, as well. We are deeply interested in creating programs that would highlight the cultural traditions of Native American, Asian and other minorities. California State University, San Bernardino will host a Pow Wow festival for the San Manuel Band of Mission Indians in October of this year. We had hoped that by having a permanent location we could work with this organization to create an 4 (Continued) ongoing drum circle to further enhance the idea of community in this depressed area. Other ideas include the display and exhibition of local art, including literary arts. Our Board member Cindy Rinne is a fiber and textile artist and she can help with the procuring of local art to display. Currently we have readings from local artists every month, various local public arts programs, and a weekly writing workshop. We have experienced a great difficulty in securing a location for our programs that is consistent. We are utilizing the Garcia Center for the Arts, in San Bernardino, and the MuffinTop Coffee shop in downtown Redlands, and a public space in Loma Linda for our programs. Unfortunately, the constant movement to the different location and cities and the inability to secure dependability for our participants has been a huge challenge. We would like to concentrate our programing in one area and provide persistent and steady programing for our participants. Finally we have experienced a great difficulty in gathering contributions and donations for our organization due to this same lack of consistent and steady programming. Having one location for all services would not only create a much needed literary presence in San Bernardino, it would give the public an explicit visual and physical example of the kinds of literary arts programs that are available. This in turn would create more opportunities for contributions, donations, and class /workshop fees We have partnered with organizations such as the House of Ruth, an organization that has been providing domestic violence services in eastern Los Angeles and San Bernardino counties since 1977, Jamii Publishing, a publishing imprint that seeks to create books that highlight community services, Inlandia Institute, an organization dedicated to fostering the literary arts in Riverside and San Bernardino Counties, Poets and Writers, and the Garcia Center for the Arts, a local arts center. The average cost for commercial or business rental in downtown San Bernardino, as this is a depressed area is approximately $5.00 per square feet per year. For rental for a commercial building of 1000 square feet we can calculate rent at approximately $700 per month without the cost of utilities. For utilities we anticipate having to pay electricity and if the space has a bathroom, water. We averaged about $150 per month for utility allowance. We have equipment on hand (rugs, furniture, signage, and paint), and assets of $268 to cover the cost of materials and fees such as city permits and licensing. We propose to spend $700 per month on rent, with $150 for utilities for a building that is to be located in downtown San Bernardino. This rental amount, along with our equipment, materials, and other fees total $12,950 for the 2017 fiscal year. With contributions, class donations, grants, and previous years assets we have $6,178. This still creates a shortage of $7072. We humbly ask for your support to meet our budget goals for the new year and help us with this new project and endeavor. VI. Realistic number of persons expected to benefit from this program. a) Number of persons paid by attendance 840 b) Number of persons admitted by no fee 720 c) Number of classes and /or performances scheduled /length of display 4 workshops per month (weekly); 2 performances per month; 3 classes per month d) Total attending classes /performances /displays /exhibits 1560 VII. Intended Results: Target Group(s) Artists /Writers Latino /Chicano /Afric Youth under the an American Age of 18 Population Time Frame 3/15/2017- 3/15/2018 3/15/2017- 3/15/2017- 3/15/2018 3/15/2018 Number of 48 workshops; 24 NA 10 classes with performances /clas performances; 36 (As all classes will mixed attendance ses, exhibits classes welcome all races) for some performances /work shops Anticipated Participants: 10 per %90 %10 maximum workshop /classes; 840 Of total workshops audience, Audience: 30 per 24 1404 156 participants, etc. performances; 720 Featured Readers: 3 per performance; 36 Total = 1560 By creating and establishing recurring literary programs in this particular region we hope to provide a creative outlet for more than 1500 individuals who may not otherwise have access. VIII. Project Budget Project Expenses & Amount Requested Line Item Expenses Brief Description of each Total Budget per line -item Total amount requested Poets & Writers Grant line item for this project from FAC Rent Monthly rental fees for $700 /month $4200 store front @ $5.00 per $8400 square feet per year Utilities Monthly utilities $250 /month $1800 Electricity & Water $1800 Equipment Light fixtures, rugs, signs, $500 $0 furniture, alarm system, locks. Supplies and Materials Advertisement of location, $500 $0 any repairs needed to building Fees and other... Permits and licensing $250 $0 Feature Author Fees Per Poets & Writers Grant $1500 0 $12950 $7340 TOTAL EXPENSES AND AMOUNTS Other Sources of Funding for Project Name of funding source Amount committed to this project Expected Contributions $3510 @ $5 donations by participants per class. Poets & Writers Grant $1500 Class Donations $900 @ $5 by participants per class. Assets from previous year $268 Total Amount $6178 IX. Future Objectives As we begin to establish ourselves in a static venue, we plan on expanding our programs to address the local needs in the community. We hope to provide literary programing in four key areas: Performance Our goal is to provide a weekly ongoing venue for spoken word. We also would like to include theater arts, such as short plays and family friendly comedy nights. As we grow we hope we will be able to eventually fund raise from more programing by offering more literary activities for this area. Music We hope to include music and dancing in our programming by providing a weekly drum circle, music and poetry features, and open mics that would feature local musicians. We would like to partner with local musicians to solidify our space as a true cultural center that is inclusive to all. Visual Art We would like our venue to include art by local artists on display, local art exhibitions, book art classes, and art and poetry readings. We love the idea of collaboration and we hope to expand our programming to include art on display. Community Community programs we hope to create include family writing, drawing, and book making workshops, poetry and prose writing workshops, a community poetry library that would be open to the public, and local screenings of movies and documentations with discussions, homeless outreach programs such as a clothing closet, and workshops for family services. We hope that all of these programs will bring a sense of community to the downtown San Bernardino and give residents steady and dependable arts programs on a weekly set schedule. E:3 X. History /Background of PoetrlE PoetrlE has a long history of hosting free weekly community workshops, youth workshops, monthly readings with writers such as, Douglas Kearney, Chiwan Choi, Olga Garcia, and others, as well as charity readings for organizations such as The House of Ruth, which offers services for victims of domestic violence. PoetrlE was established in 2011 with the idea that the organization would put the Inland Empire on the literary map. The founder created the program in order to give serious consideration and thought to literature being written in this region. The first program included a weekly writing workshop in Redlands that would help fund writers and promote community. Later programs included Art in the Alley, a festival and showcase for local writers. From the success of Art in the Alley the monthly reading series was born. PoetrlE began invited local readers to feature at events each month. The reading series paired local readers with more well -known writers and included a Q &A that allowed the audience to connect directly with the writer on the stage. This spirit of community and sharing was extended to a charity reading for the House of Ruth. Here participants of the program are invited to read poems. During the reading PoetrlE holds a raffle in which items, such as books, cards, gift bags, and other fun stuff is presented to the audience. All proceeds are then given to support the women who are receiving services from this program. Other items, such as hygiene kits and clothing are also collected for donation. Recently PoetrlE has been partnering with local musical artists to promote programs and provide musical performances during events. The PoetrlE board consists of five members, Isabel Quintero, Allyson Jeffredo, Cindy Rinne, Michael Cooper, and Nikia Chaney. Sixty percent of all board members live or work in the city of San Bernardino. Cindy Rinne lives in San Bernardino, Nikia Chaney works at San Bernardino Valley College as an English Instructor, and Allyson Jeffredo works at Salinas Elementary school as a SCRIPP Program Instructor. (Continued) Pictures of PoetrIE past performances and workshops, and readings 2014 -2017 r 10 XI. Attach a copy of your last fiscal year financial report, audited or unaudited. This does not apply to schools or parks. Failure to submit this will result in rejection of your application. CERTIFICATIOP Project Officer Telephone No: Email Address: Title Di rea List Board of Directors and Officers (does not apply to parks and schools) (Include names, addresses, and telephone numbers.) • Isabel Quintero, Director Loma Linda, Ca • Allyson Jeffredo, Secretary Fontana, Ca (Currently works at Salinas Elementary School with SC/PP Program 2699 N. California Street, San Bernardino, CA 92407) • Cindy Rinne, Historian (lives in San Bernardino) • Nikia Chaney, Treasurer Rancho Cucamonga 92336 (currently works at San Bernardino Valley College 701 South Mt. Vernon Avenue, San Bernardino, CA 92410) • Michael Cooper, Board Member Hemet, CA 11 Date i vt 1 7 XI. CERTIFICATION: Attach a copy of your last fiscal year financial report, audited or unaudited. This does not apply to schools or parks. Failure to submit this will result in rejection of your application. Project Officer: Al�x kq C -tw q Title Telephone No :Q") (— �,go-� Cell Phone No.: Email Address: V'qa'L 1 - C-0 List Board of Directors and Officers (does not apply to parks and schools) (Include names, addresses, and telephone numbers.) • Isabel Quintero, Director Loma Linda, Ca • Allyson Jeffredo, Secretary Fontana, Ca (Currently works at Salinas Elementary School with SCIPP Program 2699 N. California Street, San Bernardino, CA 92407) • Cindy Rinne, Historian (lives in San Bernardino) • Nikia Chaney, Treasurer Rancho Cucamonga 92336 (currently works at San Bernardino Valley College 701 South Mt. Vernon Avenue, San Bernardino, CA 92410) • Michael Cooper, Board Member Hemet, CA 11 Date 1 t5 It 7 ­", General Ledger: Detailed Created 2017-02-15 Cash on Hand Jan. 31,2017 Expense - MONTHLY SERVICE FEE 0.00 14.00 Dec. 30, 2016 Expense - MONTHLY SERVICE FEE 0.00 14.00 Nov. 30, 2016 Expense - MONTHLY SERVICE FEE 0.00 14.00 Nov. 7, 2016 Income - Transfer in Branch/Store - From 150.00 0.00 POETRIE DDA XXXXXX2611 220 E STATE ST REDLANDS CA Oct. 31 2016 Expense - MONTHLY SERVICE FEE 0.00 14.00 Oct. 17, 2016 Expense -PURCHASE AUTHORIZED ON 10115 0.00 47.40 TRADER JOE'S #099 REDLANDS CA S586289799487066 CARD 7410 Sept. 30, Expense - MONTHLY SERVICE FEE 0.00 14.00 2016 Aug. 31,2016 Expense - MONTHLY SERVICE FEE 0.00 14.00 June 1, 2016 Expense - RECURRING TRANSFER TO 0.00 150.00 POETRIE BUSINESS MARKET RATE SAVINGS REF #OPEKCX7TTN XXXXXX2611 May 31, 2016 Expense - MONTHLY SERVICE FEE 0.00 14.00 May 31, 2016 Income - Transfer in Branch/Store - From 140.00 0.00 POETRIE DDA XXXXXX2611 220 E STATE ST REDLANDS CA May 31, 2016 Income - eDeposit in Branch/Store 05/31/16 119.00 0.00 11:41:56 AM 220 E STATE ST REDLANDS CA 7410 March 1, 2016 Expense - RECURRING TRANSFER TO 0.00 150.00 POETRIE BUSINESS MARKET RATE SAVINGS REF #OPE2TQK6GJ XXXXXX2611 Jan. 31,2017 Expense - MONTHLY SERVICE FEE 0.00 6.00 Dec. 30, 2016 Expense - MONTHLY SERVICE FEE 0.00 6.00 Dec. 30, 2016 Income - INTEREST PAYMENT 0.01 0.00 Nov. 30, 2016 Expense - MONTHLY SERVICE FEE 0.00 6.00 Total Cash on Hand 709.09 777.40 Net Movement (68.31) H- Nov. 7, 2016 Expense - Transfer in Branch /Store - To 0.00 150.00 POETRIE DDA XXXXXX2282 220 E STATE ST REDLANDS CA Oct. 31, 2016 Expense - MONTHLY SERVICE FEE 0.00 6.00 Oct. 31, 2016 Income - INTEREST PAYMENT 0.01 0.00 Sept. 30, Expense - MONTHLY SERVICE FEE 0.00 6.00 2016 Sept. 30, Income - INTEREST PAYMENT 0.01 0.00 2016 Aug. 31, 2016 Expense - MONTHLY SERVICE FEE 0.00 6.00 Aug. 31, 2016 Income - INTEREST PAYMENT 0.01 0.00 July 29, 2016 Income - INTEREST PAYMENT 0.01 0.00 June 30, 2016 Income - INTEREST PAYMENT 0.01 0.00 June 1, 2016 Income - RECURRING TRANSFER FROM 150.00 0.00 POETRIE BUSINESS CHECKING REF #OPEKCX7TTN XXXXXX2282 May 31, 2016 Expense - MONTHLY SERVICE FEE 0.00 6.00 May 31, 2016 Income - INTEREST PAYMENT 0.01 0.00 May 31, 2016 Expense - Transfer in Branch /Store - To 0.00 140.00 POETRIE DDA XXXXXX2282 220 E STATE ST REDLANDS CA April 29, 2016 Income - INTEREST PAYMENT 0.01 0.00 March 31, Income - INTEREST PAYMENT 0.01 0.00 2016 March 1, 2016 Income - RECURRING TRANSFER FROM 150.00 0.00 POETRIE BUSINESS CHECKING REF OPE2TQ6GJ XXXXXX2282 Total Cash on Hand 709,09 777.40 Net Movement (68.31) Uncaiegorized Expense Expense - MONTHLY SERVICE FEE 14.00 Jan.31,2017 May 31, 2016 Income - eDeposit in Branch/Store 05/31/16 0.00 119.00 Dec.30,2016 11:41:56 AM 220 E STATE ST REDLANDS CA - MONTHLY SERVICE FEE 1400 0.00 7410 Expense - MONTHLY SERVICE FEE Dec. 30, 2016 Income - INTEREST PAYMENT 0.00 0.01 Oct. 31, 2016 Income - INTEREST PAYMENT 0.00 0.01 Sept. 30, Income - INTEREST PAYMENT 0.00 0.01 2016 TRADER JOE'S #099 REDLANDS CA Aug. 31,2016 Income - INTEREST PAYMENT 0.00 0.01 July 29, 2016 Income - INTEREST PAYMENT 0.00 0.01 June 30. 2016 Income - INTEREST PAYMENT 0.00 0.01 June 1, 2016 Income - RECURRING TRANSFER FROM 0.00 150.00 POETRIE BUSINESS CHECKING REF #OPEKCX7TTN XXXXXX2282 May 31, 2016 Income - INTEREST PAYMENT 0.00 0.01 April 29, 2016 Income - INTEREST PAYMENT 0.00 0.01 March 31, Income - INTEREST PAYMENT 0.00 0.01 2016 March 1, 2016 Income - RECURRING TRANSFER FROM 0.00 150.00 POETRIE BUSINESS CHECKING REF #OPE2TQK6GJ XXXXXX2282 Total Uncategorized Income 0.00 709.09 Net Movement 709.09 Uncaiegorized Expense Aug. 31, 2016 Expense - MONTHLY SERVICE FEE 14.00 Jan.31,2017 Expense - MONTHLY SERVICE FEE 14,00 0.00 Dec.30,2016 Expense - MONTHLY SERVICE FEE 1400 0.00 Nov. 30, 2016 Expense - MONTHLY SERVICE FEE 14.00 0.00 Oct. 31, 2016 Expense - MONTHLY SERVICE FEE 14.00 0.00 Oct. 17, 2016 Expense - PURCHASE AUTHORIZED ON 10/15 47.40 0.00 TRADER JOE'S #099 REDLANDS CA S586289799487066 CARD 7410 Sept. 30, Expense - MONTHLY SERVICE FEE 14.00 0.00 Aug. 31, 2016 Expense - MONTHLY SERVICE FEE 14.00 0.00 June 1, 2016 Expense - RECURRING TRANSFER TO 150.00 0.00 POETRIE BUSINESS MARKET RATE SAVINGS REF #OPEKCX7TTN XXXXXX2611 May 31, 2016 Expense - MONTHLY SERVICE FEE 14.00 0,00 Total ncategorized Expense 777.40 0.00 Net Movement 777.40 March 1. 2016 Expense - RECURRING TRANSFER TO 150.00 0.00 POETRIE BUSINESS MARKET RATE SAVINGS REF #OPE2TQK6GJ XXXXXX2611 Jan. 31, 2017 Expense - MONTHLY SERVICE FEE 6.00 0.00 Dec. 30, 2016 Expense - MONTHLY SERVICE FEE 6.00 0.00 Nov. 30, 2016 Expense - MONTHLY SERVICE FEE 6.00 0.00 Nov. 7, 2016 Expense - Transfer in Branch!Store - To 150.00 0.00 POETRIE DDA XXXXXX2282 220 E STATE ST REDLANDS CA Oct. 31, 2016 Expense - MONTHLY SERVICE FEE 6.00 0.00 Sept. 30, Expense - MONTHLY SERVICE FEE 6.00 0.00 2016 Aug. 31, 2016 Expense - MONTHLY SERVICE FEE 6.00 0.00 May 31, 2016 Expense - MONTHLY SERVICE FEE 6.00 0.00 May 31. 2016 Expense - Transfer in Branch/Store - To 140.00 0.00 POETRIE DDA XXXXXX2282 220 E STATE ST REDLANDS CA Total Uncategorized Expense 777.40 0,00 Net Movement 777.40 PoetrlE Statement of financial position as at 15 February 2017 2017, projected 2016, current USD USD Assets Non - Current Assets Equipment & Material Goodwill Intangible Assets Current Assets Inventories Trade Receivables Cash and cash equivalents Total Assets Equity and Liabilities Fees and Licensing Equity Retained Earnings Revaluation Reserve Total Equity Non - current liabilities Long -term borrowings Current Liabilities Trade and other payables Short-term borrowings Current portion of long -term borrowings Current tax payable Total current liabilities Total liabilities Total equity and liabilities 500 500 500 500 500 268 768 0 268 500 750 250 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 PoetrlE Income Statement for the year ended 28 February 2017 2017 projected 2016 USD USD Revenue Cost of sales Grants 8502 1500 Contributions 3410 120 Programing costs 12950 1620 Administrative expenses Finance cost Profit before tax 0 Income tax expense 0 20 Earnings per share (USD): Basic Diluted PoetrlE Statement of cash flows for the year ended 28 February Cash flows from operating activities Profit before taxation Adjustments for: Depreciation Amortisation Investment income Interest expense Increase in trade receivables Increase in inventories Increase in short term borrowings Increase in trade payables Cash generated from operations Interest paid Income tax paid Net cash from operating activities, projected 2017 Cash flows from investing activities Purchase of property, plant and equipment Purchase of intangible assets Proceeds from sale of equipment Proceeds from sale of intangible assets Interest received Net cash used in investing activities Cash flows from financing activities Proceeds from issue of share capital Proceeds from long term borrowings Dividend paid Net cash used in financing activities Net increase in cash and cash equivalents Cash & cash equivalents at start of the period Cash & cash equivalents at end of the period USD 2017, projected 4410 0 4410 2017 USD, 2016 current 120 120 4410 0 4410 4410 Poetrl E Statement of changes in equity for the year ended 28- Feb -17 Share capital Retained earnings Revaluation Surplus Total equity USD USD USD USD Balance at March 2016 20 0 0 20 Changes in accounting policy 0 Restated balance 20 0 0 20 Changes in equity for the year 2011 Issue of share capital 0 Dividends 0 Income for the year 0 Revaluation gain 0 Balance at February 2017 268 0 0 268 Changes in equity for 2017 0 Issue of share capital 0 Dividends 0 Income for the year 0 Revaluation gain 0 Balance at February 2017 268 0 0 268