Guide Dog Users of Canada – 2020 Financial Statements

1. Notice to Readers

Enclosed are the financial statements for Guide Dog Users of Canada for the 2020 fiscal year ended December 31, 2020. These statements were prepared based on information provided by management and are:

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

There are eight parts to these financial statements:

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

Respectfully submitted
Greg Thompson
Director & Bookkeeper
Guide Dog Users of Canada
February 27, 2021

2. Statement of Financial Position (December 31, 2020)

Assets

Current

Item20202019
Cash$16,422$16,809
Accounts Receivable (Note 3)$2,405$1,266
Prepaid Expenses (Note 5)$522$522
Total$19,349$18,597

Liabilities & Net Assets

Current

Item20202019
Accounts Payable & Accrued Liabilities (Note 4)$400$1,025
Deferred Income (Note 6)$1,120$1,080
Total$1,520$2,105

Net Assets

Item20202019
All Funds$17,829$16,490
Assets$19,349$18,597

3. Statement of Changes in Net Assets

Year Ended December 31, 2020

Item20202019
Net Assets (Beginning of Year)$16,490$16,378
Excess of Income Over Expenses for the Year$1,339$112
Net Assets (End of Year)$17,829$16,490

4. Statement of Revenues & Expenditures

Year Ended December 31, 2020

Income

Item20202019
Statement of Operations – General$3,519$4,978
Statement of Operations – Wellness$1,225$1,541
Statement of Operations – Mary Spice$80$900
Total Income$4,824$7,419

Expenses

Item20202019
Statement of Operations – General$1,468$4,229
Statement of Operations – Wellness$1,967$1,021
Statement of Operations – Mary Spice$50$2,057
Total Expenses$3,485$7,307
Excess of Income Over Expenses for the Year$1,339$112

5. Statement of Operations – General

Year Ended December 31, 2020

Income

Item20202019
Donations$2,036$1,250
Fundraising$716$1,260
Life Membership Dues (Note 7)$470$450
Membership Dues$120$270
Online Merchandise$177-
Raffle/Auction/Fifty-Fifty-$1,748
Total Income$3,519$4,978

Expenses

Item20202019
Accessibility Accommodations-$300
Bank & Processing Charges$144$135
Conference-$833
Corporate Registration$18$5
Foreign Exchange-$49
Fundraising$27$29
Insurance$701$370
Mailing & Postage-$19
Organizational Memberships$129$21
Professional Services-$1,900
Technical$426$504
Unrecoverable HST$23$64
Total Expenses$1,468$4,229
Excess of Income Over Expenses for the Year$2,051$749

6. Statement of Operations – Wellness

Year Ended December 31, 2020

Income

Item20202019
Donations$470$1,536
Fundraising$755$5
Total Income$1,225$1,541

Expenses

Item20202019
Bank & Processing Charges$67$71
Grants$1,900$950
Total Expenses$1,967$1,021
Excess (Deficiency) of Income Over Expenses for the Year$(742)$520

7. Statement of Operations – Mary Spice

Year Ended December 31, 2020

Income

Item20202019
Donations-$900
Fundraising$80-
Total Income$80$900

Expenses

Item20202019
Bank & Processing Charges$50$32
Grants-$2,025
Total Expenses$50$2,057
Excess (Deficiency) of Income Over Expenses for the Year$30$(1,157)

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:

Note 3

As of December 31, 2020, Accounts Receivable consisted of:

Note 4

As of December 31, 2020, Accounts Payable & Accrued Liabilities consisted of:

Note 5

Prepaid Expenses includes the following for 2021:

Note 6

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

Note 7

Life Membership Dues consists of:

Approved By





Brian Moore
Treasurer
Guide Dog Users of Canada