2018 2019 Annual Report · to express my sincere appreciation to Ian Wilenius and Katie McTiernan...

2018—2019 Annual Report

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National Chairperson’s Report

It has been my privilege to once again serve as your National Chair. The following are highlights of Independent Living Canada’s programs and initiatives that have taken place from April 1, 2018 to March 31, 2019. Independent Living Across Canada Day Our fourth annual national celebration of Independent Living Day held on June 4, 2018 had IL Centre’s showcase assistive technology used by their consumers and employees. Like all IL Centre celebrations, there was also an appetite for personally prepared cuisine tasted by all those celebrating that even the highest level of technology shown could never match! Food for thought perhaps, but Independent Living Across Canada Day was a popular topic for discussion on social media, showing how well IL Canada and Centres are positioning themselves for the increasing use of Facebook, Twitter and Instagram. 2018 Annual General Meeting and Conference The Strength of Independent Living was a theme that enthused a gathering of 60 delegates from across Canada. The event, held in the dark for a period of time due to a tornado, did not deter the spirits of the delegation, as the event provided a format for peer support, the sharing of best practices and training tools that relayed information about how to build capacity. IL delegates were also given a snapshot of the initiatives planned for the 2018 - 2019 year, which included the successful completion of a three-year funding proposal. International Day of Persons with Disabilities on December 3, 2018 Empowering Persons with Disabilities by Ensuring Inclusiveness and Equality was recognized by IL Centres. For its part, IL Canada attended a program entitled : Intersectionality and Human Rights: Monitoring Change Together where the Honourable Minister Carla Qualtrough, and Canadian Human Rights Commissioner, Marie-Claude Landry were present to announce that the Government of Canada has begun the process to accede to the United Nations’s Optional Protocol to the Convention on the Rights of Persons with Disabilities. The Optional Protocol gives people with disabilities the right to petition the United Nations about disability and human rights matters that have not been successfully dealt with or resolved in Canada. Governance and Development of IL Canada Staff In late 2018, IL Canada started a process to restructure the National office through the hiring of a Director of Operations, Administrative Assistant, and later in early 2019, a National Executive Director. With this process, the Board of Directors of IL Canada moved away from being a management Board to that of a governance Board that focuses on its true roles of monitoring risk, succession planning, and evaluating the performance of the National Executive Director. With the appointment of the National Executive Director in late March of 2019, the following occurred:

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AccessABLE Technology Expo™ The marketing and planning of this initiative were done with the strong partnership of IL Canada and the Trinity (Event Planning) Group headed by Lee Underwood. The premise of this initiative was to showcase technologies focused on helping persons with disabilities live more independently. The range of technology applications involved: innovative engineered product designs to improve mobility, health and wellness monitoring programs, visual acuity enhancement devices, brain injury therapy to reimpose balance and gait, and ways to communicate using sign language interpreters. The Expo attracted 19 exhibitors occupying 20 booths. On behalf of IL Canada, I would like to express my sincere appreciation for Mr. Steve Charbonneau, Executive Director of the Adaptive Sports Foundation, who served as our Master of Ceremony for the official opening of the Expo that also featured Kate Young, MP and Parliamentary Secretary to the Minister of Public Services and Procurement and Accessibility, in addition to, Laura Dudas who served as the Deputy Mayor of the City of Ottawa on that day. Thank you to all! On-line Training and Communication IL Canada revamped its www.ILCanada.ca Internet Web site to make it easier to obtain information and navigate. Improvement was also realized in terms of how the IL Canada Facebook page is managed and viewed. New changes in communication delivery are also being targeted for Twitter. Emphasis on Sustainability with Three-Year Federal Funding Financial sustainability is the key component to the continuation of Independent Living Canada and our member Centres. The plan moving forward is essentially threefold. IL Canada needs to partner with like-minded organizations and gather information related to the current marketplace of persons with disabilities who want to live independently, inclusive and barrier free. IL Canada also needs to reach out to Canadian and multinational corporations who have within their organizational mandate a vision to reflect the Canadian values expressed in the Accessible Canada Act. And finally, IL Canada acknowledges and sincerely appreciates its long-standing partnership with the Government of Canada for the many past projects as well as future opportunities to work together. Its commitment to IL Canada and all persons with disabilities reflect the values of a truly forward-thinking government. TWO MAJOR INITIATIVES FOR 2019 – 2020 Canadian List of Issues Prior To Reporting on the CRPD As a result of the formal review that will occur in Geneva in 2020 concerning Canada’s progress in its adoption of all the articles stated in the United Nations Convention on the Rights of Persons with Disabilities (CRPD), IL Canada along with other disability organizations have participated during the last 2 years in the identification of issues that need to be flagged as needing further improvement.

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Such issues involve, for example, the unfortunate continuation of institutional congregated care, systemic discrimination of persons with disabilities, and the absence of effective social policy that can address economic hardship, poor housing, limited employment opportunities and inaccessible transportation services disproportionately experienced by persons with disabilities. IL Canada is not an advocacy group, but we will continue to believe in the rights and freedom of all people, regardless of demographics, ethnicities or lifestyles. The Passing of the Accessible Canada Act, Bill C-81 The Government of Canada, led by the Honourable Minister Carla Qualtrough and Parliamentary Secretary and MP, Kate Young, need to be recognized for their excellent work over the last year that has led to the passing of the Accessible Canada Act, Bill C-81. While Bill C-81 is certainly not perfect, it is far better to have this legislation than not. It is also an opportunity for IL Canada and Centres to assist the Government of Canada in rolling out programs that will meet the principles and requirements stated in the legislation. Acknowledgements I wish to thank the Board of Directors, the Executive, and those who have served on committees throughout the last year. All have worked tirelessly in the best interests of IL Canada and Centres. In particular, I would like to recognize Paula Saunders for her many years as a member of the IL Canada Board of Directors. Thank you, Paula and happy retirement! Also, I would like to express my sincere appreciation to Ian Wilenius and Katie McTiernan who served on our Human Resources Committee and as Board Secretary, respectively. Also, special thanks and well wishes are extended to our long-standing treasurer, Suzanne Larocque who left her position as Treasurer in May. Suzanne made a great contribution to Independent Living Canada and we will miss her. Annual Meeting On a personal note, I have been honoured to serve as your National Chairperson, and I am proud about what we have achieved during the last year. I look forward to meeting with all the delegates at our annual meeting and participating in the launch of this year’s theme, “The Power of Partnerships”.

Diane Kreuger National Chairperson

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2018 – 2019 Independent Living Canada Board of Directors

Diane Kreuger, National Chairperson, Member at Large, Alberta Carole J. Barron, 1st Vice-Chair, Provincial Representative, NL and Labrador Mark Green, 2nd Vice-Chair, Member at Large, Saskatchewan Suzanne Larocque, Treasurer, Member at Large, Ontario Katie McTiernan, Secretary, Provincial Representative, Alberta Beth Caskey, Provincial Representative, British Columbia Carrie Ernst, Provincial Representative, Nova Scotia replacing Ian Wilenius Jacques Lapointe, Provincial Representative, Québec Kimberly Yetman Dawson, Member at Large, Newfoundland and Labrador Philip Mills, Provincial Representative, Ontario Ross McCreery, Provincial Representative, Saskatchewan Roger Boudreau, Provincial Representative, New Brunswick Samantha Walsh, Member at Large, Ontario

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National Executive Director’s Report

In this, my first year as your National Executive Director, I have learned a great deal about the history of a highly regarded Canadian organization that has been built on the rock-solid foundation that persons with disabilities from around the world have human rights to live their lives independently and on an equal playing field available to everyone else, regardless of differences. In managing the programming, communication and financial affairs of Independent Living Canada, in association with twenty-five IL Centres from across Canada, your National Executive Director’s priority is to ensure the integrity and principles of our organization are always upheld. The following are management issues, decisions, actions and results that have occurred during the last fiscal year of 2018 – 2019. Relocation of IL Canada National Office The move of the IL Canada National Office not only resulted in cost savings for the organization, but the new location and open concept amongst other non-profit organizations optimizes networking opportunities, the use of meeting space, communication tools and conference facilities. The new location is also much more accessible for visitors. Hiring of a Bilingual Administrative Assistant In February of 2019, Lynne Gratton was hired as an Administrative Assistant for IL Canada. Lynne brings to IL Canada a wealth of administrative, finance and communication experience. In her short tenure thus far, Lynne has introduced a higher level of communication competency in both official languages that are in keeping with any national organization in partnership with the Federal Government of Canada. Re-engagement of IL Canada’s AccessABLE Technology Expo™ The AccessABLE Technology Expo™ event could not have happened without the support of IL Canada’s Board of Directors or the Trinity (Event Planning) Group. The reset of this event in December 2018 demonstrated a resolve that IL Canada recognized there was a need to be satisfied in the marketplace as well as a willingness by exhibitors to pitch their technologies. To seize upon the success of IL Canada’s AccessABLE Technology Expo™, next year’s approach will demand several partnerships among organizations that have a vested interest in helping people with disabilities live the rest of their lives more comfortably, securely and most importantly, independently. This project offers an incremental revenue stream and a platform to connect with new business partners and sponsors. Proposals in Support of Partnerships with the Federal Government During the latter half of the 2018 – 2019 program, IL Canada submitted on its own, or was in support of, several proposals made available for submission to the Federal Government.

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The following provides a brief description of these proposals: In 2018, IL Canada supported The Disabled Women’s Network of Canada

(DAWN) in its submission of a proposal entitled: Rooting Resilience: Peer Support for Women with Disabilities in Canada. This proposal was designed to examine, adapt and test peer support models for women with disabilities as a means of both supporting survivors of gender-based violence as well as reducing their risk of violence.

IL Canada responded to a Call for Concept from the New Horizons for

Seniors Program which falls under the auspices of Employment and Social Development Canada. The proposal entitled: Enhancing Social Inclusion of Seniors in the Cochrane District offered a methodology for partnership development that would benefit seniors in rural Canada.

IL Canada supported Eviance (formally, the Canadian Centre on Disability

Studies) for their proposal involving the set-up and monitoring of the Convention on the Rights of Persons with Disabilities (CRPD) in Canada as a contribution to the writing of a Shadow Report on Civil Society for submission to the CRPD in 2020. This aligns with IL Canada’s mission to provide education and leadership.

IL Canada was also in support of the ARCH Disability Law Centre that is

proposing to provide courses and materials for training purposes in support of raising awareness and establishing expertise about the implementation of the CRPD.

Repositioning IL Canada Web site, Facebook, Twitter and Instagram In this era of pervading social media domination for the dissemination of news and information content, IL Canada needed over the last year to find new platforms and styles of communication. Consequently, a new IL Canada Web site was developed by SLC Graphic Design Services which intentionally provided a minimum of two or three touch points to access information. In addition, staff updating is more regular on Facebook, and IL Canada, like many other organizations today, is experimenting with Twitter and Instagram to determine the best pathways for communication that will enhance IL Canada’s audience size, content delivery and brand recognition. Re-establishing the Independent Living Movement Brand The Independent Living Movement is steeped in history with Independent Living Canada now approaching its thirty-five-year anniversary. With this backdrop and the new perspective that IL Canada and Centres bring to persons with disabilities, there is a need to deliver Independent Living programming to mainstream businesses and community service hubs in order to establish new and long lasting partnerships that are geared to equal the playing field for all persons with disabilities. This will not be a departure from existing programming, but rather a meaningful upgrade and improvement which will be greatly assisted by the Federal Government’s adoption of the Accessible Canada Act. Independent Living Canada needs to be a partner in that journey of adoption and a contributor to its success.

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The Gathering and Dissemination of Information and Statistics In recent years, IL Canada has been busy gathering information from IL Centres. A small sample of information that was provided this last year includes: Member IL Centres leveraging a total of $1,336,822 of in-kind services in

support for their programming;

IL Centres also leveraged 73,980 hours of volunteer work that was generously provided by 1,111 volunteers;

IL Centres helped 20,470 families who needed to access a wide range of services or support programs for family members who were disabled.

Information about IL Canada and Centres must continue to be assembled and expanded, as it is an important requirement to address capacity issues, particularly involving IL Centres, as well as marketing opportunities that are of interest to both IL Canada and Centres. Review of Financial Results Financial statements of any organization provide a picture of the financial health at the closing of any given period under review. When examining the Balance Sheet or Statement of Revenue and Expenses pertaining to Independent Living Canada, any comparison to the previous year with respect to financial categories presented in the audited statements, should be viewed in light of the circumstances that existed at the year end date of March 31, 2019. IL Canada is a not-for-profit organization and therefore conducts its business on a cash and accounts receivable basis. IL Canada does not hold significant assets that require financing or depreciation over several years. As IL Canada remains reliant on government funding, it is imperative that a target for cash reserves be set, and that an accumulation of savings continues to grow. IL Canada which received annual federal government funding totaling $1,425,000 has improved its financial performance. In comparison to the previous year, there is little overall differences in revenue and expenses. The slight deficit of $1,960 is somewhat inconsequential as a transfer from internally restricted funds made available from the 2017-2018 fiscal year end has been added onto this year’s 2018 – 2019 recording of the end-of-year growth in Net Assets. Financial highlights compared to the previous year are as follows: Total Revenue at $1,445,779 was higher by a mere $392

National Office Expenses at $342,371 was lower by $10,607

Payments to IL Centres were unchanged at $1,105,368

Balance Sheet improved by $14,985

Unrestricted Net Assets grew by $9,203 to $84,376

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The Year in Perspective During my first year as National Executive Director, my approach to managing IL Canada has been to gain an understanding of the problems facing an organization that has had to rely on fluctuating government funding for its program development and delivery of funding to member IL Centres. In this review, it is only natural to discover opportunities and want to try new ways for developing programs or generating revenue. In this regard, partnerships often lead to greater marketing opportunities and prospects for success. I wish to thank the Board of Directors, the Executive and members of IL Canada Committees for the confidence and trust they have shown in supporting my investiture into the Independent Living Movement and Community. Also, I would like to thank the many representatives of Canadian disability organizations whom I have met and have worked alongside. Like many of you who have had the opportunity of meeting Minister Carla Qualtrough, I too have been impressed with her commitment to ensure that Canada becomes equally accessible, barrier free and socially inclusive for all of us. In her Ministry, I would like to single out Alexandra Creighton who has always made herself available to direct me to the right government source for information and assistance. The staff of IL Canada have been challenged throughout the year adjusting to changes that have occurred and that have caused an increase in their workload. Their ability to work and perform in a professional manner attests to their talents and genuine commitment to our organization. One person in particular I would like to acknowledge and express appreciation for, is Patricia Simone who made a valuable contribution as our Leadership Coordinator. Executive Directors of IL Centres will know this, as I know the valuable leadership they too bring to the Independent Living Movement. As we move into a new year of operations that has a promising sustainable three-year window of funding, IL Canada and Centres are well positioned to build a network of new, productive and lasting partnerships. Thank you for your support.

Patrick K. Curran B.Comm., MBA National Executive Director

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Treasurer’s Report

We have had the good fortune for many years to have had Suzanne Larocque as our Treasurer. Suzanne has faithfully executed her responsibilities as Treasurer until her recent departure at the beginning of 2019. As your new Treasurer, I would like to take this opportunity to thank Suzanne Larocque for her tremendous contribution that has resulted in the financial success and continued sustainability of Independent Living Canada. It is with pride that I present to you the Audited Financial Statements for the fiscal year ending March 31, 2019. As has been the case in previous years, the Financial Statements were prepared by Frouin Group Professional Corporation Chartered Accountants in accordance with generally accepted accounting principles. IL Canada is responsible for the integrity and objectivity of its financial transactions and statements. Our goal is to ensure there are effective controls in place that safeguard the policies and procedures of the organization, and that there is always an atmosphere of transparency for every financial transaction processed as measured against an established and agreed to financial budget. The following are highlights of the 2018 - 2019 financial performance of IL Canada. Total revenue for the year was $1,445,779 and our total expenditures were $1,447,739 which resulted in a small deficit of $1,960. At the beginning of the year, our balance of unrestricted net assets was in a surplus position of $75,173 and at the end of the year as at March 31, 2019, our fund balance had recorded an accumulated surplus of $84,376. This higher surplus was largely a result of a $10,978 transfer received from internally restricted funds held in the previous fiscal year. Moving forward, IL Canada has received a three-year funding commitment from the Federal Government of Canada. This positive development will assist in establishing more financial stability for IL Centres and their programming. Furthermore, the base funding IL Canada is able to provide to IL Centres over the next three years will help with our efforts to garner additional financial support through strategic partnerships we will establish on a national basis as well as within the communities IL Centres serve.

Mark Green Treasurer

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2019 – 2020 Independent Living Canada Board of Directors

Beth Caskey, Provincial Representative, British Columbia Carole J. Barron, Provincial Representative, Newfoundland and Labrador Carrie Ernst, Provincial Representative, Nova Scotia Chelsea Reddekop, Provincial Representative, Alberta Deborah Kennard, Provincial Representative, Québec Diane Kreuger, Member at Large, Alberta Julie Haché, Provincial Representative, New Brunswick Kathleen Odell, Provincial Representative, Ontario Kimberly Yetman Dawson, Member at Large, Newfoundland and Labrador Mark Green, Member at Large, Saskatchewan Robin East, Provincial Representative, Saskatchewan Samantha Walsh, Member at Large, Ontario

INDEPENDENT LIVING CANADA

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED MARCH 31, 2019

Independent Auditors' ReportStatement of Financial PositionStatement of Revenue and ExpensesStatement of Changes in Net AssetsStatement of Cash FlowsNotes to Financial Statements

INDEPENDENT AUDITORS' REPORT

To the Directors of:Independent Living Canada

Opinion

We have audited the financial statements of Independent Living Canada, which comprise the statementof financial position as at March 31, 2019, and the statement of operations, statement of changes in netassets and cash flows statement for the year then ended, and notes to the financial statements, includinga summary of significant accounting policies.

In our opinion, the accompanying financial statements present fairly, in all material respects, the financialposition of Independent Living Canada as at March 31, 2019, and the results of its operations and cashflows for the year then ended in accordance with Canadian accounting standards for not-for-profitorganizations.

Basis for Opinion

We conducted our audit in accordance with Canadian generally accepted auditing standards. Ourresponsibilities under those standards are described in the Auditors' Responsibilities for the Audit of theFinancial Statements section of our report. We are independent of the entity in accordance with theethical requirements that are relevant to our audit of the financial statements in Canada, and we havefulfilled our other ethical responsibilities in accordance with these requirements. We believe that the auditevidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Responsibilities of Management and Those Charged with Governance for the FinancialStatements

Management is responsible for the preparation and fair presentation of the financial statements inaccordance with Canadian accounting standards for not-for-profit organizations, and for such internalcontrol as management determines is necessary to enable the preparation of financial statements thatare free from material misstatement, whether due to fraud or error.

In preparing the financial statements, management is responsible for assessing the Organization's abilityto continue as a going concern, disclosing, as applicable, matters relating to going concern and using thegoing concern basis of accounting unless management either intends to liquidate the Organization's or tocease operations, or has no realistic alternative but to do so.

Those charged with governance are responsible for overseeing the Organization's financial reportingprocess.

Auditors' Responsibilities for the Audit of Financial Statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole arefree from material misstatement, whether due to fraud or error, and to issue an auditors' report thatincludes our opinion. Reasonable assurance is a high-level of assurance but is not a guarantee that anaudit conducted in accordance with Canadian generally accepted auditing standards will always detect amaterial misstatement when it exists. Misstatements can arise from fraud or error and are consideredmaterial if, individually or in the aggregate, they could reasonably be expected to influence the economicdecisions of users taken on the basis of these financial statements. As part of an audit in accordance withCanadian generally accepted audit standards, we exercise professional judgment and maintainprofessional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statements, whetherdue to fraud or error, design and perform audit procedures responsive to those risks, andobtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.The risk of not detecting a material misstatement resulting from fraud is higher than for oneresulting from error, as fraud may involve collusion, forgery, intentional omissions,misrepresentations, or the override of internal controls.

Obtain an understanding of internal control relevant to the audit in order to design auditprocedures that are appropriate in the circumstances, but not for the purpose ofexpressing an opinion on the effectiveness of the Entity's internal control.

Evaluate the appropriateness of accounting policies used and the reasonableness ofaccounting estimates and related disclosures made by management.

Conclude on the appropriateness of management's use of the going concern basis ofaccounting and based on the audit evidence obtained, whether a material uncertaintyexists related to events or conditions that may cast significant doubt on the Entity's abilityto continue as a going concern. If we conclude that a material uncertainty exists, we arerequired to draw attention in our auditors' report to the related disclosures in the financialstatements or, if such disclosures are inadequate, to modify our opinion. Our conclusionsare based on the audit evidence obtained up to the date of our auditors' report. However,future events or conditions may cause the Entity to cease to continue as a going concern.

Evaluate the overall presentation, structure and content of the financial statements,including the disclosures, and whether the financial statements represent the underlyingtransactions and events in a matter that achieves fair presentation.

We communicate with those charged with governance regarding, among other matters, the plannedscope and timing of the audit and significant audit findings, including any significant deficiencies ininternal control that we identify during our audit.

Frouin Group Professional CorporationOttawa, OntarioAugust 14, 2019

Authorized to practice public accounting by the Chartered Professional Accountants of Ontario


AUDITED STATEMENT OF FINANCIAL POSITION

AS AT MARCH 31, 2019

2019 2018

ASSETS

CURRENT ASSETS

Cash $ 107,390 $ 88,627 Accounts receivable 538 2,880 HST receivable 13,764 15,499 Prepaid Expenses 6,120 5,636

127,812 112,642

CAPITAL ASSETS (Note 2b and 3) 228 413

TOTAL ASSETS $ 128,040 $ 113,055

LIABILITIES AND NET ASSETS

CURRENT LIABILITIES

Accounts payable and accrued liabilities (Note 5) $ 39,036 $ 26,491 Deferred revenue 4,400 0

43,436 26,491

NET ASSETS

Invested in capital assets 228 413 Internally restricted (Note 2a) 0 10,978 Unrestricted funds 84,376 75,173

84,604 86,564

TOTAL LIABILITIES AND NET ASSETS $ 128,040 $ 113,055

APPROVED ON BEHALF OF THE BOARD:

Director ____________________ Director

(See accompanying Notes to Financial Statements)


AUDITED STATEMENT OF REVENUE AND EXPENSES


2019 2018REVENUE

Project contributions (Note 7) $ 1,425,000 $ 1,425,000 Membership fees 12,500 12,500 Other 8,279 7,887

1,445,779 1,445,387

EXPENSES

Amortization 185 336 Board Meetings 1,166 795 Centres funding 1,105,368 1,105,368 Communications 4,034 3,337 Consulting services 70,292 102,822 Translation services 3,894 6,924 Printing and office 11,209 12,033 Professional Fees 4,716 4,417 Promotion 2,446 500 Rent 13,366 13,543 Salaries and benefits 131,951 80,247 Face-to-face meetings 80,000 89,730 Travel and accommodation 19,112 38,294

1,447,739 1,458,346

EXCESS (DEFICIT) OF REVENUES OVER EXPENSES $ (1,960) $ (12,959)



AUDITED STATEMENT OF CHANGES IN NET ASSETS


2019 2018INVESTED IN CAPITAL ASSETS

Balance, beginning of year $ 413 $ 749 Amortization (185) (336) Balance, end of year $ 228 $ 413

INTERNALLY RESTRICTED NET ASSETS

Balance, beginning of year $ 10,978 $ 29,882 Transfer from unrestricted funds 0 10,978 Transfer to unrestricted funds (10,978) (29,882) Balance, end of year $ 0 $ 10,978

UNRESTRICTED NET ASSETS

Balance, beginning of year $ 75,173 $ 68,892 Excess of Revenues over expenses (1,960) (12,959)

Amortization of capital assets 185 336 Transfer to internally restricted funds 0 (10,978) Transfer from internally restricted funds 10,978 29,882 Balance, end of year $ 84,376 $ 75,173



AUDITED STATEMENT OF CASH FLOWS


2019 2018

CASH FLOWS FROM OPERATING ACTIVITIES

Net income (loss) for the year $ (1,960) $ (12,959) Add: Amortization of capital assets 185 336

(1,775) (12,623) Cash flows from current operating items 20,538 14,492

INCREASE (DECREASE) IN CASH AND EQUIVALENTS 18,763 1,869

CASH AND EQUIVALENTS, beginning of year 88,627 86,758

CASH AND EQUIVALENTS, end of year $ 107,390 $ 88,627

REPRESENTED BY

Cash $ 107,390 $ 88,627



NOTES TO AUDITED FINANCIAL STATEMENTS


1. ORGANIZATION

The Independent Living Canada is a non-profit, charitable organization, created topromote Independent Living Centres throughout Canada for the benefit of persons withdisabilities. As of March 31, 2019 there were 25 affiliated Independent Living Centresacross Canada. Independent Living Canada is incorporated under the CanadaCorporations Act. The Association is a registered charity within the meaning of the IncomeTax Act (Canada) and is exempt from income taxes.

2. SIGNIFICANT ACCOUNTING POLICIES

The financial statements were prepared in accordance with Canadian accountingstandards for not-for-profit organizations and include the following significant accountingpolicies:

a. Deferral accountingThe capital asset fund reports the assets, liabilities, revenues and expenses related to theAssociation's capital assets.

Internally restricted net assets are assets that have been restricted by the board for futureexpenses.

b. Capital assetsCapital assets are recorded at cost. Amortization expense is reported in the capital assetfund. Amortization is provided on the declining balance basis using the following annualrate:

Computer equipment 45%

Leasehold improvements are amortized over the term of the lease. In the year ofacquisition, amortization is provided at one half of the annual rate.

c. Revenue recognitionRestricted contributions are recognized as revenue in the project fund in the year in whichthe related expenses are incurred. Unrestricted contributions are recognized as revenuein the national fund in the year received or receivable. Contributed materials and servicesare not recognized in the financial statements. Services revenue is recognized as revenuewhen earned. Membership fees are recognized as revenue in the period in which theyapply.




2. SIGNIFICANT ACCOUNTING POLICIES (Continued)

d. Use of estimatesThe preparation of financial statements requires management to make estimates andassumptions that affect the reported amounts of assets and liabilities and disclosure ofcontingent assets and liabilities at the date of the financial statements, and the reportedamounts of income and expenditures during the reporting period. Actual results may differfrom management's best estimates as additional information becomes available in thefuture

e. Financial instrumentsFinancial instruments of the organization consist mainly of accounts receivable, bankindebtedness, accounts payable and accrued liabilities. The carrying values of thesefinancial assets and liabilities approximate their fair value due to their short-term nature,unless otherwise disclosed.

3. CAPITAL ASSETS Cost Accumulated Net Book Net Book

Amortization Value Value2019 2018

Computers $ 71,565 $ (71,337) $ 228 $ 413

4. BANK INDEBTEDNESS

The Association has available an overdraft credit facility of $150,000 at prime plus 2.25%.

5. ACCOUNTS PAYABLE AND ACCRUED LIABILITIES

The Association has accounts payable and accrued liabilities that consist of:

2019 2018Trade payables $ 31,407 $ 19,951Accrued Liabilities 7,629

$ 39,0366,540

$ 26,491




6. COMMITMENT

The Association rents office space under an office lease agreement with the RA Centre.The lease agreement was negotiated, as of March 1, 2019, the minimum annual rentpayable is approximately $8,391 plus HST each year. This contract will continue for threeyears.

7. PROJECT CONTRIBUTIONS

The Association received contributions from the federal government during the year tosupport the following projects:

2019 2018Independent Living Centres $1,425,000 $1,425,000

8. CAPITAL MANAGEMENT

The Association`s objective in managing capital (fund balances) is to ensure that sufficientresources are in place to deliver on the priorities set by the Board of Directors during itsannual budget. It also ensures that it safeguards the Organization`s ability to continue asa charitable organization and meet the objectives of its various projects.

The Association manages a single funding agreement with external restrictions thatspecify the conditions for using these financial resources. The Association believes it hascomplied with the requirements respecting these restricted contributions.

The Association monitors its capital by reviewing various financial metrics, including cashflows and variances to forecasts and budgets.

9. GUARANTEES

The project contributions from the government are subject to restrictions as to the use ofthe funds. The Associations accounting records as well as those of member institutionssubcontracted to execute the projects, are subject to audit by the government to identifyinstances, if any, in which the amounts charged to projects have not complied with theterms and conditions, and which, therefore, would be refundable to the funding agency.




10. FINANCIAL RISK MANAGEMENT POLICY

The Centre is exposed to various risks through its financial instruments. The followinganalysis provides a measure of the risks at March 31, 2019:

a) Credit riskBank indebtedness are held with Canadian chartered banks. Credit risk associated withreceivables is minimal since they primarily consist of GST/HST rebates receivables andgovernment grants which are expected to be fully collectible. Consequently, the overallexposure to credit risk is considered to be low.

b) Currency riskThe Centre's functional currency is the Canadian dollar. The Centre does not enter intoforeign currency transactions and does not use foreign exchange forward contracts.

c) Liquidity riskThe Centre manages its liquidity risk by regularly monitoring forecasted and actual cashflow and financial liability maturities, and by holding assets that can be readily convertedinto cash. Accounts payable are normally paid within 30 days.

d) Interest rate riskThe Centre is exposed to interest rate risk with regards to its bank indebtedness.Fluctuations in market rates of interest on bank indebtedness do not have a significantimpact on the organization's results of operations.

11. ECONOMIC DEPENDENCE

The organization derives a major portion of its revenue from the Canadian Governmentthrough the department - Employment and Social Development Canada. During the yearthe organization received a total of $1,425,000 (2018: $1,425,000) in governmentfunding. It is management's belief that this level of funding will be reduced in futureperiods.

2018 2019 Annual Report · to express my sincere appreciation to Ian Wilenius and Katie McTiernan...

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Transcript of 2018 2019 Annual Report · to express my sincere appreciation to Ian Wilenius and Katie McTiernan...