#changestartshere FINANCIAL STATEMENTS 2013/14

OFFICERSBoard ChairJudy BurnsVice President, Cancer & Diagnostic Services, Grand River Hospital Vice ChairJohn RussoPartner, Pallett Valo LLP TreasurerMichelle ColeVice President, AMJ Campbell

SecretarySnigdha MalikBranch Manager, Advent Financial Group Past ChairShaila MehtaPartner, Deloitte & Touche LLP

DIRECTORSThomas DyckFinancial ServicesSenior ExecutiveTD Bank Financial Group

Dr. Anil GuptaStaff Cardiologist, Medical Director CCU and Clinical CardiologyTrillium Health Partners

Wayne HalendaManaging DirecterStructured Credit, CIBC

Mariam HashmiManager, People and ChangeKPMG

Chuck HounsellSenior Vice President, PaymentTD Bank

Linda KugaRetired CEOPepsiCo Beverages Canada

Ian MarshallSenior Legal Professional

Sadaf ParvaizInclusiveness ConsultantErnst & Young LLP

Serge RochetteVice President, ManagementRogers Communications

Sven SpengemannVisiting professor and fellowGlendon School of Public and International Affairs

Motilall SarjooPresidentPeel Regional Labour Council

Narendra ShahPrincipal, Shah & Associates Health ConsultantsSenior Associate, Santis Health

Dale Storey*Vice President, MarketingGeneral Mills Canada Corporation

Jeanie Theoharis*Adjudicator/Liaison MemberLandlord and Tenant BoardCentral Region

Joe VetroneVice-President of Integration and Planning, Suncor Energy

Shelley WhitePresident and CEOUnited Way of Peel Region

2013/14 BOARD OF DIRECTORS

* Ex-Officio board members

Financial ReportOn behalf of the Finance and Audit Committee of United Way of Peel Region, we are pleased to present our financial

position for the year ended March 31, 2014.

The 2013/14 audited financial statements reflect the collective efforts of our 2,600 dedicated volunteers who

contributed over 19,000 hours of their time and talents, and our generous donors who made more than 23,000

donations totaling $12.8-million.

Our job is to ensure your dollars are spent wisely and strategically to achieve desired results.

This achievement will support local agencies in the delivery of social services and programs, and fund community

grants and collaborations that will benefit vulnerable individuals and families living in Brampton, Caledon and

Mississauga.

Although United Way ended the year with results which were 2 per cent lower than last year’s final tally, and 3 per

cent lower than our $13.3-million goal, we have been able to maintain program funding levels.

Community investments are monitored by an experienced United Way community investment cabinet, allocations

committee and staff. All program and service funding requests must meet a strict set of performance criteria based

on the most current research. By focusing the best people, latest research and innovative practices around achieving

measurable results we maximize the impact of all contributions and the return on your investment.

Based on our audited financial statements, our cost of fundraising – which includes a portion of our operating cost –

was 18.8 per cent of our total revenue, excluding the allowance for pledge loss.

We are grateful for the ongoing support and counsel of the Board of Directors and our auditors.

Respectfully submitted on behalf of the Finance and Audit Committee,

Michelle Cole, MBA Shirley Crocker, CGA

Treasurer, Finance & Audit Committee Vice President, Finance & Administration

VIEW OUR 2013/14 ANNUAL REPORT ONLINE AT unitedwaypeel.org/annualreport

Year ended March 31, 2014

Statement of Operations*

Revenue

Campaign revenueCentrally Coordinated Campaign (CCC) Sponsorship

Total gross campaign revenue

Net pledge lossNet campaign revenue

Other income Total revenue

Expenditures

Donor designations distributed

Available for expenses, program funding and community investments

Fundraising expenses

Available for program funding and community investments

Program fundingCommunity Investments

(Deficiency) excess of revenue over expenditures

2014

12,914,8411,300,176

14,215,01782,941

14,297,958

(258, 594)14,039,364

796,526

14,835,890

2,566,080

12,269,810

2,836,378

9,433,432

1,832,7127,947,1749,779,886

(346,454)

2013

12,558,7021,901,051

14,459,753114,377

14,574.130

(476,750)14,097,380

1,548,712

15,646,092

2,891,137

12,754,955

2,656,365

10,098,590

1,831,9177,509,2159,341,132

757,458

$ $

$ $

As at March 31, 2014

Statement of Financial Position*

AssetsCurrent

CashShort term investmentsEstimated net pledges and donations receivableOther receivablesPrepaid expenses

Forever Fund investmentCapital assets

LiabilitiesCurrent

Payables and accrualsCommunity investments payableDeferred designation revenueDeferred grant revenue

Net AssetsInvested in capital assetsRestricted for endowment purposes - Forever FundInternally restricted net assetsUnrestricted net assets

2014

5,771,684-

6,807,851122,696167,802

12,870,033

200,862443,577

13,514,472

453,7347,227,1762,215,306

56,5239,952,739

443,577200,862

1,715,1531,202,1413,561,733

13,514,472

2013

3,855,3533,293,4366,862,117

190,381157,671

14,358,958

169,575369,498

14,898,031

402,1537,287,1752,941,700

390,10311,021,131

369,498169,575

2,220,1511,117,6763,876,900

14,898,031

$

$

$

$

$

$

$

$

FINANCIAL STATEMENTS

FULL FINANCIAL STATEMENTS ARE ONLINE AT unitedwaypeel.org/annualreport

* Excerpts from the audited financial statements

90 Burnhamthorpe Road West, Suite 408 | PO Box 58 Mississauga, ON L5B 3C3

Phone: 905-602-3650 | Fax: 905-602-3651 | TTY: 905-602-3653

info@unitedwaypeel.org | www.unitedwaypeel.org

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