Waldenstrom’s Macroglobulinemia Foundation of Canada
2003 Financial Statements
ASSETS | ||
---|---|---|
Current assets: | ||
Cash in bank | $17,469.67 | |
$17,469.67 | ||
LIABILITIES | ||
Current liabilities: | 0.00 | |
EQUITY | ||
Retained earnings: | $17,469.67 | |
$17,469.67 |
Approved on behalf of the Board:
signed
A. Hinchcliffe . . . . . . . . Director and President
R. J. Anderson . . . . . . . . Director and Treasurer
Revenues: | ||
Donations received during the year | $17,690.94 | |
Expenses: | ||
Charity guide book | 177.97 | |
Bank service charges | 43.30 | |
221.27 | ||
Net excess of revenues over expenses for the year | $17,469.67 |
Balance, beginning of year | $ 0.00 | |
Net excess of revenues over expenses for the year (per statement) | 17,469.67 | |
Balance, end of year | $17,469.67 |
Waldenstrom’s Macroglobulinemia Foundation of Canada
Notes to the Financial Statements
December 31, 2003
- ACCOUNTING POLICIES
- Donations are recorded as revenue when received. Expenses are recorded on an accrual basis as incurred.
- INCORPORATION
- The Foundation was incorporated as a corporation without share capital under the Laws of Ontario on October 5, 2001. It received notification of registration as a charity under the provisions of the Income Tax Act effective December 27, 2002. It commenced operations in 2003.
- COMMENCEMENT OF CHARITABLE ACTIVITIES
- During 2003 the Foundation collected charitable donations in support of its activities. These charitable activities will commence in 2004 — following the two object of the Foundation (see Note 5).
- STATUS
- The Foundation has been designated as a charitable organization for purposes of the Income Tax Act (149(I)(f)).
- OBJECTS
- The objects of the Foundation are:
- To receive and maintain a fund or funds and to apply all or part of the principal and income therefrom, from time to time, for charitable purposes, and in particular for the following charitable purposes:
- to undertake public education, family support services, dissemination and publication of information about Waldenstrom’s Macroglobulinemia disease, and to coordinate medical care and social services for persons suffering from Waldenstrom’s Macroglobulinemia
- To promote and provide funds for research in the cause, control and cure of Waldenstrom’s Macroglobulinemia
- To receive and maintain a fund or funds and to apply all or part of the principal and income therefrom, from time to time, for charitable purposes, and in particular for the following charitable purposes:
- The objects of the Foundation are:
- DIRECTORS AND OFFICERS
- The officers of the Foundation are:
- Arlene Hinchcliffe – President
- Rodney J. Anderson – Treasurer
- Olga Anderson – Secretary
- The directors of the Foundation are:
- Arlene Hinchcliffe
- B. James Bunton
- Bertram T. Visheau
- Rodney J. Anderson
- Olga Anderson
- The officers of the Foundation are: