Waldenstrom’s Macroglobulinemia Foundation of Canada
2004 Financial Statements
| ASSETS | ||
|---|---|---|
| Current assets: | ||
| Cash in bank | $29,187.45 | |
| $29,187.45 | ||
| LIABILITIES | ||
| Current liabilities: | 0.00 | |
| EQUITY | ||
| Retained earnings: | $29,187.45 | |
| $29,187.45 | ||
Approved on behalf of the Board:
signed
A. Hinchcliffe . . . . . . . . Director and President
R. J. Anderson . . . . . . . . Director and Treasurer
| Revenues: | ||
| Donations received during the year: | ||
| Receipted donations | $23,048.58 | |
| Other donations (consisting of proceeds from a fundraising event plus donations received from the United Way) | $2,048.58 | |
| $25,393.03 | ||
| Expenses: | ||
| Payment to International Waldenstrom’s Macroglobulinemia Foundation (IWMF) for member services (part of public education and dissemination of information to persons suffering from Waldenstrom’s Macroglobulinemia — see object “a” in Note 5 to the Financial Statments) | 12,824.36 | |
| Stationery | 304.75 | |
| Website costs | 243.96 | |
| Video machine rental costs (for IWMF education seminar videos) | 221.95 | |
| Bank service charges | 80.23 | |
| 13,675.25 | ||
| Net excess of revenues over expenses for the year | $11,717.78 |
| Balance, beginning of year | $ $17,469.67 | |
| Net excess of revenues over expenses for the year (per statement) | 11,717.78 | |
| Balance, end of year | $29,187.45 | |
Waldenstrom’s Macroglobulinemia Foundation of Canada
Notes to the Financial Statements
December 31, 2004
- 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.
- During 2004 the Foundation collected additional charitable donations in support of its activities and such charitable activities commenced (with respect to object “a” of the Foundation — see Note 5 below). Charitable activities with respect to object “b” are expected to commence in 2005.
- 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:
