Voice of the Faithful - Financial Statements

UNAUDITED

Voice of the Faithful, Inc.
Balance Sheet
As of May 31, 2003


ASSETS
	Current Assets
	Cash	$307,664
	Accounts receivable	2,335
	Other current assets	3,518
	Total Current Assets	313,517

	Fixed Assets Net of Depreciation	12,893
	Intangible Assets	6,550
TOTAL ASSETS		$332,960

LIABILITIES & NET ASSETS
	LIABILITIES
	Current Liabilities
	Accounts payable and accrued expenses	$39,334
	Other current liabilities	11,422
	Total Current Liabilities	50,757

	NET ASSETS	282,203
TOTAL LIABILITIES & NET ASSETS		$332,960

UNAUDITED

Voice of the Faithful, Inc.
Statement of Operations
For the Twelve Months Ending May 31, 2003

Support and Revenue
	Donations	$611,137
	Convention ticket sales	75,600
	Convention ticket premium and appeal	133,180
	Other income	21,628
	Total Support and Revenue	841,544

Expenses
	Charitable contributions	31,985
	Salaries and contractor fees	271,200
	Legal and audit fees	46,072
	Occupancy and telecommunications	47,376
	Printing and publications	7,664
	Other office expense	28,139
	Travel	19,391
	VOTF Convention	94,978
	Other expense	20,648
	Total Expenses	567,452

Increase in Net Assets		$274,092