Statement Of Financials

Statement Of Financial Position

ASSETS 2019 2018

CURRENT

CASH* $ 1,479,409 $ 367,884

SHORT-TERM INVESTMENTS 102,165 5,461

ACCOUNTS RECEIVABLE 39,175 80,203

HST RECOVERABLE 59,664 62,790

PREPAID EXPENSES 63,245 49,292

CAPITAL ASSETS 30,511 42,650

INVESTMENTS 586,914 586,914

$ 2,361,083 $ 1,195,194

LIABILITIES 2019 2018

CURRENT

ACCOUNTS PAYABLE AND

ACCRUED LIABILITIES $ 104,529 $ 44,135

GRANTS PAYABLE 180,001 260,001

284,530 304,136

DEFERRED CONTRIBUTIONS 1,164,668 261,000

1,449,198 565,136

FUND BALANCES

GENERAL 324,971 43,144

ENDOWMENT 586,914 586,914

911,885 630,058

$ 2,361,083 $ 1,195,194

*$1 million allocation to the designated CANFAR Strategic Implementations Fund (anonymous donor).

To receive a copy of our full audited financial statements, please contact admin@CANFAR.com or call 416-361-6281.

Statement Of Revenue, Expenses and Changes in Fund Balances

GENERAL FUND 2019 2018

REVENUE

DONATIONS AND BEQUESTS $ 964,694 $ 881,318

FUNDRAISING & AWARENESS EVENTS 1,133,272 1,025,259

INVESTMENT INCOME 34,209 33,867

2,132,175 1,940,444

EXPENSES

FUNDRAISING 456,529 500,117

GENERAL 964,834 653,817

GRANTS AWARDED 175,000 619,025

PROGRAM AND AWARENESS 201,511 283,011

RESEARCH ADMINISTRATION 52,474 73,880

1,850,348 2,129,850

DEFICIENCY OF REVENUE

OVER EXPENSES 281,827 (189,406)

FUND BALANCES, BEG OF YR 43,144 232,550

FUND BALANCES, END OF YR $324,971 $43,144

ENDOWMENT FUND 2019 2018

REVENUE

DONATIONS AND BEQUESTS $ – $ –

FUNDRAISING & AWARENESS EVENTS $ – $ –

INVESTMENT INCOME $ – $ –

EXPENSES

FUNDRAISING $ – $ –

GENERAL $ – $ –

GRANTS AWARDED $ – $ –

PROGRAM AND AWARENESS $ – $ –

RESEARCH ADMINISTRATION $ – $ –

$ – $ –

DEFICIENCY OF REVENUE

OVER EXPENSES $ – $ –

FUND BALANCES, BEG OF YR $ 586,914 586,914

FUND BALANCES, END OF YR $ 586,914 586,914

TOTAL 2019 2018

REVENUE

DONATIONS AND BEQUESTS $ 964,694 $ 881,318

FUNDRAISING AND AWARENESS EVENTS 1,133,272 1,025,259

INVESTMENT INCOME 34,209 33,867

EXPENSES

FUNDRAISING 456,529 500,117

GENERAL 964,834 653,817

GRANTS AWARDED 175,000 619,025

PROGRAM AND AWARENESS 201,511 283,011

RESEARCH ADMINISTRATION 52,474 73,880

1,850,348 2,129,850

DEFICIENCY OF REVENUE

OVER EXPENSES 281,827 2,129,850

FUND BALANCES, BEG OF YR 630,058 819,464

FUND BALANCES, END OF YR $ 911,885 $ 630,058

Statement Of Cash Flows

CASH PROVIDED BY (USED IN) 2019 2018

OPERATIONS

DEFICIENCY OF REVENUE OVER EXPENSES

$ 281,827 $ (189,406)

ITEMS NOT AFFECTING CASH AMORTIZATION

22,708 18,865

GRANTS APPROVED, NET OF GRANTS RESCINDED

- 619,025

LOSS (GAIN) ON SALE OF INVESTMENTS AND CHANGE IN UNREALIZED FAIR VALUE ADJUSTMENT

(28,136) (51,677)

RECOGNITION OF CONTRIBUTIONS RECEIVED IN PRIOR YEARS (NOTE 5)

(442,532) (308,152)

(166,133) 88,655

CONTRIBUTIONS RECEIVED IN ADVANCE OF EXPENDITURE (NOTE 5)

1,346,200 329,000

GRANTS PAID (80,000) (969,161)

NET CHANGES IN NON-CASH WORKING CAPITAL

ACCOUNTS RECEIVABLE 41,028 17,512

HST RECOVERABLE 3,126 (6,386)

PREPAID EXPENSES (13,953) (18,078)

ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

60,394 (1,008)

1,190,622 (559,466)

INVESTING

PROCEEDS ON SALE OF SHORT-TERM INVESTMENTS

171,140 287,479

PURCHASE OF SHORT-TERM INVESTMENTS

(239,708) (139,976)

PURCHASE OF CAPITAL ASSETS 10,569 (37,377)

(79,137) 110,126

NET CHANGE IN CASH 1,111,525 (449,340)

CASH, BEGINNING OF YEAR 367,884 817,224

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- ANDREW PRINGLE, CM CHAIR, CANFAR BOARD OF DIRECTORS

THE CANADIAN FOUNDATION FOR AIDS RESEARCH (CANFAR) 2200 YONGE STREET, SUITE 1600, TORONTO, ON M4S 2C6 T: 416-361-6281 TF: 1-844-4-CANFAR WWW.CANFAR.COM CHARITABLE REGISTRATION NUMBER: 1 1883 1437RR0001