Clear Vision for a Bright Future

2010 Annual Report

Highlights

For our complete,

detailed Annual Report go to:

www.worldvision.ca/annualreport

Cash donations from the public

Donated goods from the public

Government grants

Investments and other

REVENUE

74.4%

0.4%

EXPENDITURES AS A PERCENTAGE OF REVENUE

Program

Fundraising

Administration81.1%

5.0%

13.9%13.0%

12.2%

REVENUE 2010 2009

Donations from the public Cash $ 309,117 $ 257,835 Donated goods 53,971 62,504Government grants Canadian government cash 13,322 13,456 International and multilateral cash 4,377 3,859 Donated goods 33,039 35,489 Investments and other 1,818 1,628

Total revenue $ 415,644 $ 374,771

EXPENDITURES

Program International programs $ 330,222 $ 294,104 Canadian programs 3,043 5,665 Public awareness and education 3,180 5,670Fundraising 57,569 47,638Administration 21,053 22,695Total expenditures 415,067 375,772

Excess (deficiency) of revenue over expenditures $ 577 $ (1,001)

ASSETS 2010 2009Current assets Cash and short-term investments $ 39,502 $ 36,858 Other current assets 3,890 3,181 43,392 40,039 Investments 4,770 4,528Capital assets 18,170 19,301 Total assets $ 66,332 $ 63,868

LIABILITIES AND NET ASSETS

Current liabilities Accounts payable and other current liabilities $ 9,486 $ 10,169 Deferred contributions 30,265 27,589 39,751 37,758 Deferred capital contributions 3,097 3,213 Net assets Net investment in capital assets 15,074 16,088 Unrestricted 7,477 5,886 Endowments ,933 ,923 23,484 22,897 Total liabilities and net assets $ 66,332 $ 63,868

81.1%of our revenuesupports programs

that combat povertyand help children and communities in need. Here’s

how our program dollars were spent:

Summarized Statement of Financial PositionSeptember 30, 2010, with comparative figures for 2009 (in thousands of dollars)

Summarized Statement of Revenue and ExpendituresYear ended September 30, 2010, with comparative figures for 2009 (in thousands of dollars)

Health, water and sanitation

27.7%

Emergency and disaster relief

23.7%Food and nutrition

12.0%Education

11.8%Global and technical expertise

7.1%

Community empowerment and child rights 4.9%

Monitoring and evaluating programs from Canada 3.3%

Public awareness, advocacy and education

1.0%

Investing in future community developments 1.0%

Monitoring and communicating progress 0.8%

Christian partnership

0.4%

Programs that help Canadians in need 1.0%

Sustainable livelihoods

5.3%

Clear Vision for a Bright Future

When you give to World Vision, you help children and their families move closer to overcoming poverty and

realizing their dreams. Here’s an accounting of how your gifts were used.

Visionclear

Actionin

Every cent you give has a specific job to do in improving children’s lives. To learn more about how your donation works for children, visit our complete Annual Report web site at www.worldvision.ca/annualreport

more detailthis year,

than ever

For our complete,

detailed Annual Report go to:

www.worldvision.ca/annualreport

Developing Communities

Responding to Emergencies

Advocating for Children

Partnering Effectively

and with it, David Sainton’s house. Inside one of our child-friendly spaces, the boy drew a vision for the future.

Despite the devastation surrounding him, that vision was as bright as David’s crayons. His picture showed a tall house,

sturdy, warm and welcoming. Home.

French author Victor Hugo wrote about clear visions for bright futures. Although threatened by dark forces from all sides, he noted,

such a future is in no more danger than “a star in the jaws of the clouds.”

For World Vision, this year was about seeing that star through the clouds, and moving toward it with unyielding focus. Without that focus and our Christian commitment, it would have been tough to persevere. Our responses in Haiti and Pakistan have been—and continue to be—some of the most difficult we’ve undertaken.

Yet thanks to you, we were able to provide the necessities of life to hundreds of thousands of children and families affected by the earthquake in Haiti and floods in Pakistan. Meanwhile, we found a sponsor for our 500,000th child, ensuring a growing number of boys and girls have a chance at that bright future through sponsorship. And we worked with other humanitarian organizations to influence the direction of the G8 Muskoka Summit, saving the lives of millions of young children and pregnant women through simple health measures.

When you give to World Vision, you trust us with your own vision for children like ten-year-old David. You expect that we’ll maximize your gift for the greatest possible impact. And you count on clear, transparent information about how we did that. That’s what this Annual Report is all about.

On behalf of children around the world, we thank you for your faith in bright futures ultimately realized—no matter what the challenges.

• how your dollar breaks down• how we maximize donations for greatest impact• our complete, audited financial statements• our relief, development and advocacy programs• President Dave Toycen’s answers to your tough questions• photos, videos and interactive material about our work

around the world in 2010

onlinevisit us

for more...

In Niger, six-year-old Mariama (right, top) suffered from a water-borne illness that threatened to blind her. As part of our development work, World Vision built a pump in her community to provide clean water and critical medical care to restore her vision.

In El Salvador, young children like three-year-old Danny (right, second) are fortified for strong futures through early childhood nutrition and education programs.

In Pakistan, seven-year-old Baswari (right, third) is one of some 5,000 children working on the streets of her city. Canadian donors fund a drop-in centre where child labourers can rest, play and learn. Around the world, World Vision advocates for changes to unjust labour laws and practices.

In the Philippines, ten-year-old Angelica (right, bottom) was in danger of leaving school to help support her family. Now, thanks to child sponsorship, Angela is in school and dreaming of becoming a teacher.

Clear Vision for a Bright Future

ways in which helped change livesyou

are individual childrenwhose lives you’ve changedin real and meaningful ways.

Behind these numbers

You helped us respond to

21emergencies around the world this year, delivering vital assistance to children and their families.

A new hand-held scanner technology pioneered by World Vision Canada made humanitarian aid distribution

75%40,000people.

quicker for more than

community development programs

507,134Child sponsorship through World Vision Canada

made a real difference in the lives of

children through 242in countries. 50

In partnership with communities, we started2

3,300 new sponsorship programs, in Sierra Leone and Burundi, helping

more children.

We joined with communities to train more than

child leaders across Latin America and the Caribbean, through child

parliaments and peace-building initiatives.

20,000

We celebrated the implementation of . HIV and AIDS programming into a full75%

of our community development programs.

1.3 millionThrough the G8 summit,

we partnered with other humanitarian organizations to ensure more than

more children will live to see their fifth birthday thanks to simple healthcare measures.

World Vision actively supported the passage into law of

Bill C-268imposing minimum prison sentences of five or six years on child traffickers in Canada.

Our six youth ambassadors travelledto Tanzania, then spoke to more than

Canadians about World Vision’s child sponsorship work there.

55,000

people gave to World Vision Canada this year.

646,821

Canadian businesses and3073,026 churches supported

World Vision in 2010.

Through safety awareness campaigns and community watch programs, we’re helping

South African children steer clear of gang involvement and drug use.1,400

$18 millionCanadians purchased more than

worth of gifts through our Gift Catalogue for families in need.

In Canada 57local, non-profit organizations partnered with World Vision to fight poverty in our cities.

More than

60,000youth went hungry to raise funds to fight poverty and injustice during the 30 Hour Famine.

In Pakistan, we provided emergency food, clean water, cooking supplies and shelter materials to

people affected by devastating floods.380,262

12,366 Canadians took action

for social justice through the World Vision Justice Network.

clearbrightfor a vision

futurePort-au-Prince was a sea of rubble

Sharon DymondChair, Board of Directors

Dave ToycenPresident and CEO

As part of our earthquake response in Haiti, we provided meals to 70,938

children in454 schools throughschool feeding programs.

World Vision Canada, I World Drive, Mississauga, Ontario, L5T 2Y4, 1-800-268-4888

World Vision is a Christian relief, development and advocacy organization dedicated to working with children, families and communities to overcome poverty and injustice. As followers of Jesus, we are

motivated by God’s love to serve all people regardless of religion, race, ethnicity or gender.

www.worldvision.ca

The accompanying summarized statement of financial position and statement of revenue and expenditures are derived from the complete financial statements of World Vision Canada as at September 30, 2010, and for the year then ended on which we expressed an opinion without reservation in our report dated November 19, 2010. The fair summarization of the complete financial statements is the responsibility of management. Our responsibility, in accordance with the applicable Assurance Guideline of The Canadian Institute of Chartered Accountants, is to report on the summarized financial statements.

In our opinion, the accompanying financial state-ments fairly summarize, in all material respects, the related complete financial statements in accordance

with the criteria described in the Guideline referred to above.

These summarized financial statements do not contain all the disclosures required by Canadian gen-erally accepted accounting principles. Readers are cautioned that these statements may not be appropri-ate for their purposes. For more information on the Entity’s financial position, results of operations and cash flows, reference should be made to the related complete financial statements.

Chartered Accountants,Licensed Public AccountantsToronto, Canada, November 19, 2010

Auditors’ Report on Summarized Financial Statements

For complete audited financial statements, go towww.worldvision.ca/annualreport

Front cover photo:A boy enjoys playing at the child-friendly space at Parc Acra, Haiti, in June 2010.

Photographer: Lisa Salyer

World Vision Canada is a 2009 and 2010 winner of the Voluntary Sector Reporting Award for Financial Reporting Excellence, from Queen’s School of

Business and the Institute of Chartered Accountants of Ontario