Guide Dog Users of Canada – 2019 Financial Statements

1. Notice to Readers

Enclosed are the financial statements for Guide Dog Users of Canada for the 2019 fiscal year ended December 31, 2019. These statements were prepared based on information provided by management and are:

Submitted to the Canada Revenue Agency; and
Retained in the organization's files.

Guide Dog Users of Canada reports its revenue and expenditures across three operating funds:

The General Fund (or General Account) is where most administrative costs are incurred, and where the bulk of the organization's activities (peer support, public education, advocacy, and conference) are carried out;
The Wellness Fund offers support to guide dog handlers in financial need who require assistance with non-routine veterinary expenses; and
The Mary Spice Fund provides grants to members to attend Annual General Meetings and Conferences, who might not otherwise be able to do so because of the costs involved.

There are eight parts to these financial statements:

This Notice to Readers;
Statement of Financial Position (or balance sheet), showing the organization's assets (what it owns) and liabilities (what it owes);
Statement of Changes in Net Assets;
Statement of Revenues and Expenditures;
Statement of Operations – General;
Statement of Operations – Wellness;
Statement of Operations – Mary Spice; and
Notes to the Financial Statements.

Respectfully submitted
Greg Thompson
Director & Bookkeeper
Guide Dog Users of Canada
November 6, 2020

2. Statement of Financial Position (December 31, 2019)

Assets

Current

Item	2019	2018
Cash	$16,809	$16,830
Accounts Receivable (Note 3)	$1,266	$1,221
Prepaid Expenses (Note 5)	$522	$222
Total	$18,597	$18,273

Liabilities & Net Assets

Current

Item	2019	2018
Accounts Payable & Accrued Liabilities (Note 4)	$1,025	$1,195
Deferred Income (Note 6)	$1,080	$700
Total	$2,105	$1,895

Net Assets

Item	2019	2018
All Funds	$16,492	$16,378
Assets	$18,597	$18,273

3. Statement of Changes in Net Assets

Year Ended December 31, 2019

Item	2019	2018
Net Assets (Beginning of Year)	$16,378	$16,206
Excess of Income Over Expenses for the Year	$112	$172
Net Assets (End of Year)	$16,490	$16,378

4. Statement of Revenues & Expenditures

Year Ended December 31, 2019

Income

Item	2019	2018
Statement of Operations – General	$4,978	$4,800
Statement of Operations – Wellness	$1,541	$1,932
Statement of Operations – Mary Spice	$900	$895
Total Income	$7,419	$7,627

Expenses

Item	2019	2018
Statement of Operations – General	$4,229	$3,908
Statement of Operations – Wellness	$1,021	$2,147
Statement of Operations – Mary Spice	$2,057	$1,400
Total Expenses	$7,307	$7,455
Excess of Income Over Expenses for the Year	$112	$172

5. Statement of Operations – General

Year Ended December 31, 2019

Income

Item	2019	2018
Conference Revenue	-	$1,720
Donations	$1,250	$1,470
Fundraising	$1,260	-
Life Membership Dues (Note 7)	$450	$370
Membership Dues	$270	$210
Raffle/Auction/Fifty-Fifty	$1,748	$1,030
Total Income	$4,978	$4,800

Expenses

Item	2019	2018
Accessibility Accommodations	$300	-
Bank & Processing Charges	$135	$111
Communications	-	$18
Conference	$833	$482
Corporate Registration	$5	$15
Food & Refreshments	-	$1,817
Foreign Exchange	$49	$56
Fundraising	$29	-
Insurance	$370	$69
Mailing & Postage	$19	$68
Organizational Memberships	$21	$54
Professional Services	$1,900	$500
Technical	$504	$520
Transportation	-	$80
Unrecoverable HST	$64	$118
Total Expenses	$4,229	$3,908
Excess of Income Over Expenses for the Year	$749	$892

6. Statement of Operations – Wellness

Year Ended December 31, 2019

Income

Item	2019	2018
Donations	$1,536	$1,822
Fundraising	$5	$110
Total Income	$1,541	$1,932

Expenses

Item	2019	2018
Bank & Processing Charges	$71	$47
Grants	$950	$2,100
Total Expenses	$1,021	$2,147
Excess (Deficiency) of Income Over Expenses for the Year	$520	$(215)

7. Statement of Operations – Mary Spice

Year Ended December 31, 2019

Income

Item	2019	2018
Donations	$900	$500
Fundraising	-	$395
Total Income	$900	$895

Expenses

Item	2019	2018
Bank & Processing Charges	$32	-
Grants	$2,025	$1,400
Total Expenses	$2,057	$1,400
Excess (Deficiency) of Income Over Expenses for the Year	$(1,157)	$(505)

Notes to the Financial Statements

Note 1

The Corporation received its Articles of Continuance (Transition) to the Canada Not-For-Profit Corporations Act on October 7, 2014, with the following charitable purpose:

Guide Dog Users of Canada provides a forum for those wishing to give or receive peer support; educates the public about the abilities of guide dogs, and the rights of those partnered with guide dogs; promotes the high standards and integrity of guide dog training; and assists with individual or systemic advocacy whenever necessary. Additionally, Guide Dog Users of Canada maintains a Wellness Fund in order to assist those individuals in financial need, partnered with guide dogs, with veterinary expenses that are not routine. Applicants must meet specified requirements at the time of application.

The head office is currently situated in Windsor, Ontario. The Corporation is not subject to income taxes.

Note 2

A dash (-) in place of a number signifies:

That there was no corresponding line item for the year; or
A value of 0.

Note 3

As of December 31, 2019, Accounts Receivable consisted of:

Recoverable HST for 2019; and
3 undisbursed CanadaHelps donations.

Note 4

As of December 31, 2019, Accounts Payable & Accrued Liabilities consisted of:

25% of 2018 bookkeeping contract;
100% of 2019 bookkeeping contract; and
Accounting and tax preparation services for 2019.

Note 5

Prepaid Expenses includes the following for 2020:

229 days (Jan 1-Aug 16) portion of gduc.ca domain renewal, hosting, SSL certificate, and additional disk space;
92 days (Jan 1-Apr 1) portion of groups.io;
90 days (Jan 1-Mar 30) portion of insurance;
304 days (Jan 1-Oct 30) portion of Volunteer Canada membership; and
282 days (Jan 1-Oct 8) portion of corporate registration.

Note 6

Deferred Income is income that the Corporation has received, but has not yet earned:

$30, 3 annual 2020 memberships purchased in 2019;
$680, 80% of 17 life memberships purchased in 2019;
$120, 60% of 4 life memberships purchased in 2018;
$180, 40% of 9 life memberships purchased in 2017; and
$70, 20% of 7 life memberships purchased in 2016.

Note 7

Life Membership Dues consists of:

$170, 20% of 17 life memberships purchased in 2019;
$40, 20% of 4 life memberships purchased in 2018;
$90, 20% of 9 life memberships purchased in 2017;
$70, 20% of 7 life memberships purchased in 2016; and
$80, 20% of 8 life memberships purchased in 2015 (see also Note 6).

Approved By

Brian Moore
Treasurer
Guide Dog Users of Canada