Financials
REVENUES

Receipted donations $53,530 (20.62%)
Non-receipted donations $51,187 (19.72%)
Gifts from other registered charities $5,000 (1.93%)
Government funding $40,000 (15.40%)
All other revenue $109,874 (42.33%)
TOTAL $259,591
EXPENSES

Charitable Programs $171,641 (64.20%)
Management & Administration $67,487 (25.24%)
Fundraising $28,219 (10.56%)
TOTAL $267,347
Notes from our Annual General Meeting
Held November 30, 2020
At the Leadership Waterloo Region Annual General Meeting, David Beaudoin, Treasurer provided the following commentary on the June 30, 2020 Financial Statements:
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Unqualified review opinion from KPMG
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Increase to cash position year over year of approximately $4,000 demonstrating stabilizing cash position
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Receipt of CEBA loan for $40k during the year
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Revenue of $259k has reduced from $271k in the previous year which were primarily due to COVID offset by $22k of government assistance received
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Deficiency of $7k for 2020 compared to $38k deficiency in 2019