abridged financial statements 2013/14
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#changestartshere FINANCIAL STATEMENTS 2013/14
OFFICERSBoard ChairJudy BurnsVice President, Cancer & Diagnostic Services, Grand River Hospital Vice ChairJohn RussoPartner, Pallett Valo LLP TreasurerMichelle ColeVice President, AMJ Campbell
SecretarySnigdha MalikBranch Manager, Advent Financial Group Past ChairShaila MehtaPartner, Deloitte & Touche LLP
DIRECTORSThomas DyckFinancial ServicesSenior ExecutiveTD Bank Financial Group
Dr. Anil GuptaStaff Cardiologist, Medical Director CCU and Clinical CardiologyTrillium Health Partners
Wayne HalendaManaging DirecterStructured Credit, CIBC
Mariam HashmiManager, People and ChangeKPMG
Chuck HounsellSenior Vice President, PaymentTD Bank
Linda KugaRetired CEOPepsiCo Beverages Canada
Ian MarshallSenior Legal Professional
Sadaf ParvaizInclusiveness ConsultantErnst & Young LLP
Serge RochetteVice President, ManagementRogers Communications
Sven SpengemannVisiting professor and fellowGlendon School of Public and International Affairs
Motilall SarjooPresidentPeel Regional Labour Council
Narendra ShahPrincipal, Shah & Associates Health ConsultantsSenior Associate, Santis Health
Dale Storey*Vice President, MarketingGeneral Mills Canada Corporation
Jeanie Theoharis*Adjudicator/Liaison MemberLandlord and Tenant BoardCentral Region
Joe VetroneVice-President of Integration and Planning, Suncor Energy
Shelley WhitePresident and CEOUnited Way of Peel Region
2013/14 BOARD OF DIRECTORS
* Ex-Officio board members
Financial ReportOn behalf of the Finance and Audit Committee of United Way of Peel Region, we are pleased to present our financial
position for the year ended March 31, 2014.
The 2013/14 audited financial statements reflect the collective efforts of our 2,600 dedicated volunteers who
contributed over 19,000 hours of their time and talents, and our generous donors who made more than 23,000
donations totaling $12.8-million.
Our job is to ensure your dollars are spent wisely and strategically to achieve desired results.
This achievement will support local agencies in the delivery of social services and programs, and fund community
grants and collaborations that will benefit vulnerable individuals and families living in Brampton, Caledon and
Mississauga.
Although United Way ended the year with results which were 2 per cent lower than last year’s final tally, and 3 per
cent lower than our $13.3-million goal, we have been able to maintain program funding levels.
Community investments are monitored by an experienced United Way community investment cabinet, allocations
committee and staff. All program and service funding requests must meet a strict set of performance criteria based
on the most current research. By focusing the best people, latest research and innovative practices around achieving
measurable results we maximize the impact of all contributions and the return on your investment.
Based on our audited financial statements, our cost of fundraising – which includes a portion of our operating cost –
was 18.8 per cent of our total revenue, excluding the allowance for pledge loss.
We are grateful for the ongoing support and counsel of the Board of Directors and our auditors.
Respectfully submitted on behalf of the Finance and Audit Committee,
Michelle Cole, MBA Shirley Crocker, CGA
Treasurer, Finance & Audit Committee Vice President, Finance & Administration
VIEW OUR 2013/14 ANNUAL REPORT ONLINE AT unitedwaypeel.org/annualreport
Year ended March 31, 2014
Statement of Operations*
Revenue
Campaign revenueCentrally Coordinated Campaign (CCC) Sponsorship
Total gross campaign revenue
Net pledge lossNet campaign revenue
Other income Total revenue
Expenditures
Donor designations distributed
Available for expenses, program funding and community investments
Fundraising expenses
Available for program funding and community investments
Program fundingCommunity Investments
(Deficiency) excess of revenue over expenditures
2014
12,914,8411,300,176
14,215,01782,941
14,297,958
(258, 594)14,039,364
796,526
14,835,890
2,566,080
12,269,810
2,836,378
9,433,432
1,832,7127,947,1749,779,886
(346,454)
2013
12,558,7021,901,051
14,459,753114,377
14,574.130
(476,750)14,097,380
1,548,712
15,646,092
2,891,137
12,754,955
2,656,365
10,098,590
1,831,9177,509,2159,341,132
757,458
$ $
$ $
As at March 31, 2014
Statement of Financial Position*
AssetsCurrent
CashShort term investmentsEstimated net pledges and donations receivableOther receivablesPrepaid expenses
Forever Fund investmentCapital assets
LiabilitiesCurrent
Payables and accrualsCommunity investments payableDeferred designation revenueDeferred grant revenue
Net AssetsInvested in capital assetsRestricted for endowment purposes - Forever FundInternally restricted net assetsUnrestricted net assets
2014
5,771,684-
6,807,851122,696167,802
12,870,033
200,862443,577
13,514,472
453,7347,227,1762,215,306
56,5239,952,739
443,577200,862
1,715,1531,202,1413,561,733
13,514,472
2013
3,855,3533,293,4366,862,117
190,381157,671
14,358,958
169,575369,498
14,898,031
402,1537,287,1752,941,700
390,10311,021,131
369,498169,575
2,220,1511,117,6763,876,900
14,898,031
$
$
$
$
$
$
$
$
FINANCIAL STATEMENTS
FULL FINANCIAL STATEMENTS ARE ONLINE AT unitedwaypeel.org/annualreport
* Excerpts from the audited financial statements
90 Burnhamthorpe Road West, Suite 408 | PO Box 58 Mississauga, ON L5B 3C3
Phone: 905-602-3650 | Fax: 905-602-3651 | TTY: 905-602-3653
info@unitedwaypeel.org | www.unitedwaypeel.org
/unitedwaypeel
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