Final Draft June.10

2013

Annual Report

Responsive-Resilient-Renewed For Fiscal Year Ending March 31, 2013

2

Background Information

About the MFRC 3

Vision and Mission 4

Letter from the Director of Military Family Services 5

Letter from the Chairperson of the Board 6

Letter from the Interim Executive Director 7

Board of Directors and Staff 8

Programs and Services

Support and Intervention 11

Deployment 13

Child and Youth 15

Member and Event Services 17

Volunteers 19

Fund Development 21

Donations 23

Financial Audit 26

Table of Contents

3

About the Calgary MFRC

The Calgary MFRC is a charitable not-for-profit led by a volunteer board of directors

working to support the families of Canadian Forces Members. The Centre’s area of

responsibility is Southern Alberta, beginning in Red Deer and continuing south to the border

(with the exception of Suffield).

Our priority is the Canadian Forces (CF) family members residing within our area,

regardless of where they are posted. We recognize that families are formed in a variety of

ways and does not always refer to children. If you are a CF Member, or if you are the spouse,

partner, parent, sibling or child of a CF member, we are here to support you.

Our services are open to:

Regular and reserve force members and their immediate families

Any member and their immediate family who has been deployed or posted

Immediate family of any Canadian Forces Members posted elsewhere

CF Veterans.

By engaging these members and their families the Calgary MFRC aims to create an

engaged and resilient military community.

4

Vision

Engaged and Resilient Military Community

Mission

Empowering military families and uniting our community

Values

Be responsive to community needs

Encourage involvement

Advocate for families

Cultivate partnerships

Operate with integrity and transparency

Nurture relationships based on equality and respect

5

Services for Military Families

Responsive. Resilient. Renewed.

As the Military Family Services Director, I would like to congratulate the Calgary Military Family Resource Centre for

their many contributions to military families in their community.

Military Family Resource Centres are a cornerstone of the Military Family Services Program and do a stellar job of

providing much needed services and programs in Canada, the United States and Europe, and the Calgary Military Family Resource

Centre is no exception. You have been there for your families at the most critical times.

With a recent change in the Canadian Forces leadership, what I see is encouraging. I see an unwavering commitment to

families. I see that we need to remain focused on being responsive in our programming and services in order to promote family

resilience, and we need to continue to invest in the renewal of tools and partnerships at all levels.

To that end, I challenge the Calgary MFRC to continue to be mindful that your programs and services meet the needs of

military families today and in the future and that you remain attuned to how families want to access services and information in

their communities.

I also challenge military families to continue to take advantage of the resources

offered by the Canadian Forces, Military Family Resource Centres, the Family Information

Line (1-800-866-4546), online at www.familyforce.ca and in their communities. Canadian

military families have an enormous capacity for resilience and when they have the tools they

need, when they need them, they can better navigate the unique military lifestyle transitions

they’re faced with.

We recognize that supporting families during transitions is important and for that reason

support in the areas of mental health, employment, education and health care is key. With a

clear vision of responsive family services we foster family resilience and together, Military

Family Services and Military Family Resource Centres will ensure that Canadian military

families are well served.

Russ Mann

Colonel

Director Military Family Services

Letter from the Director of Military Family Services

http://www.familyforce.ca/

6

Earlier this year, Colonel Russ Mann, Director of Quality of Life and Military Family Services, sent out a letter to

all the MFRCs titled: Responsive. Resilient. Renewed. After reading I began to think about how we at the Calgary MFRC

can apply these words to our own Centre in the coming year.

Responsive: As an organization we have to be mindful of how well our programs both serve and benefit our military

community. In the words of Colonel Mann we must have “an inclusive and consultative element to our policy and program

development”. It is to this end that we will be updating our community needs assessment in 2013 to ensure the consistent

quality of services.

Resilient: We can complement the natural resilience of Canadian Military families by providing them with the support

they need whether that is mental health services for families or providing support during transitions. To this end the MFRC

will continue to offer exceptional service in the areas of employment, education, mental health and support as well as

continue to look for new ways to improve these essential services.

Renewed: Just as the DMFS has had to meet both budgetary and transitional challenges, locally we have had changes

at the ASU as well as changing leadership at the MFRC. With new leadership for the coming year we look forward to what is

in store and are confident that the MFRC has taken the necessary steps to move forward as an organization.

As we go into the next year with confidence, renewed leadership and on a firm

financial footing, the MFRC will continue to provide our community with the level of

service and programming that they deserve.

Nick Twyman

Chair of the Board of Directors

Message from the Chairperson

7

Our theme for this year’s Annual Report, Responsive, Resilient and Renewed is borrowed from Colonel Russ

Mann, Director- Quality of Life and Military Family Services. His concepts of being Responsive to the needs of the

community and Resilient to the transitions we all face on a daily basis are very important themes but the third R, is the

one I believe, resonates the most with the Calgary MFRC.

Renewed, focuses on entertaining new ideas and embracing creative solutions to improve our services to the

military families. Renewed, as defined by the dictionary, is to “re-establish a relationship”. Relationships whether they

are with our board, our staff, our families, our volunteers, our military supporters and our donors are pivotal to the

future success of the Calgary MFRC.

The meeting of two personalities is like the contact of two chemical substances: if there is any reaction, both are

transformed.”

- C.G. Jung

As the Interim Executive Director of the Calgary MFRC from December 2012 until May of this year, I had both

the honour and the privilege of working with outstanding staff, volunteers, board members and military personnel.

Assisting with the search for the new Executive Director was an opportunity for me to see

both the passion and the pride people have for the organization’s history and the dreams

they have for its future. With the new Executive Director comes a new sense of renewal.

What an exciting time!

Karen Bruce, MBA

Interim Executive Director

Message from the Interim Executive Director

http://www.goodreads.com/author/show/38285.C_G_Jung

8

Board of Directors and Staff

Nick Twyman

Deborah Delaney

Deb Trithart

Lorelei Arnett

Brenda Derochie

Susan Ashton

Charles Hamel

Carla Tremblay

Captain Hoare

Karen Bruce

Alya Jinah

André Thibodeau

Audra de Molitor

James Knox

James Landsburg

Kaja Brathwaite

Chairperson

Vice-Chairperson

Treasurer

Secretary

Regular Member

Regular Member

Regular Member

Regular Member

Military Representative

Interim Executive Director

Deployment & Intervention, Member and Event Services

Bookkeeper

Program Manager

Family Liaison Officer

Communications and Public Relations Coordinator

Information and Referral Services

Thank you to previous board members: Jacelynn Plemel, Roger Wilson and Sharon Van Olm

"My husband and I were so pleased to make a connection with the MFRC

this past autumn. Although we have been unable to join the coffee meetings,

we have had the privilege of attending two very special events. As the reality

of our son's imminent first tour of Afghanistan approaches, we are comforted

to know there is a place to go for support. Thank you so much to the staff

and to the volunteers."

- Jan and Bruce Pearce,

Parents of CF members

10

Programs and Services

Support and Intervention

The Intervention Services Coordinator at the MFRC is the

first point of contact for individuals seeking support. Once families

needs are accessed, they are directed to the appropriate resources

either to the MFRC’s Family Liaison Officer or external sources.

The Family Liaison Officer Position (FLO) was established

in 2010 to be responsive to family needs and offer counselling

services. Since its creation, the FLO coordinator has served eighty

families, with eighteen new families accessing services in the past

year.

“Thank you to the

MFRC for helping me

with the generous

donation of a ice

hockey sledge. It will

give me the opportunity

to take my children

skating and maintain

my fitness”

-Brent Ginther,

Injured Veteran

11

Services provided by the FLO position include financial and relationship

counselling. Assistance is also provided to those with operational stress injuries

and physical injuries.

Another important aspect of the FLO position is offering support to

families who have a fallen CF member in their family. This year the number of

families in Southern Alberta with fallen CF members have risen from eleven to

thirteen families.

Number of families

served since 2010

Number of new

families in the past

year

Number of families

with fallen CF

Members in

Southern Alberta

12

“For all the help and assistance the MFRC provided me with while

my son was deployed to Afghanistan, I could volunteer 24/7 and still

never repay them for the support they provided”

-Brenda Bourgaize,

Parent of CF member

Military Families are part of a life which presents

unique challenges and stressors. Factors that affect families

include relocation due to postings and also deployment of

military members. During this period families can be

separated for extended periods of time that can add additional

stress.

During this period the MFRC offers support to families

to help them with maintaining a level of normalcy in their day

to day lives. Resources provided through deployment and

intervention includes but is not limited to:

Provide resources and support to families as needed throughout the

separation period

Enhance the CF member’s ability to be ready for duty

Helping families understand and manage health and lifestyle stressors

Connect families to one another and build a support network

Link families to community resources.

Another important service the Deployment Coordinator provides is Keep

In Touch (KIT) calls, which is a monthly phone call to local families and loved

ones of those deployed to check up on how they are doing.

Deployment

Number of Keep

in Touch (KIT)

calls

Number of

families

with deployed

members in the

MFRC’s area

Number of

Canadian Troops

deployed to

Afghanistan

13

Currently there are over 1200 Canadian Troops deployed worldwide

with 925 Canadian troops posted to Afghanistan for Operation Attention.

Canada’s largest participation is in the NATO Training Mission–

Afghanistan (NTM-A), which delivers training and professional

development support to the national security forces of Afghanistan: the

Afghan National Army (ANA), the Afghan Air Force (AAF), and the

Afghan National Police (ANP).

Though numbers of deployed solders are decreasing in Canada, the role

of Deployment and Intervention remains undiminished in supporting

military families for those who may be posted, as well as those returning.

“While living in Calgary where my boyfriend was

transferred for AVS classes, CMFRC staff did an

outstanding job providing moral support even

going so far as to help me rewrite my resume so

that I could find a better job. Frequent emails are

sent to check up on my happiness in general and it

is very uplifting to be remembered. Thank-you for

all that you do, all the little things and all the big.”

- Julia Hornsby,

Military Spouse

14

Areas of CF deployment around the world

The Child and Youth program focuses on youth events and

services with the goal of connecting military children with one another,

building new friendships and support networks. The Child and Youth

Program cover a number of services:

youth events

youth committee

day camps

overnight camps

trips

childcare:

emergency, respite

and casual.

Child and Youth

Child and

Youth Events

Participants

15

The Calgary Military Family

Resource Centre aims to create quality

activities for children and youth to

participate in that work to foster

emotional, social and physical

wellbeing of children.

Providing the opportunity for

youth to connect with other individuals who undergo the same stressors

of moving due to postings, having a parent deployed or being a member

of a single parent family allows children to create a solid peer network

that can support them and give them a sense of stability.

Therefore, events that allow youth to interact with one another are

critical to managing the challenges associated with the military family

lifestyle.

16

“My children always have

fun at the MFRC Day

camps! They have the

chance to build friendships

with other kids their age and

have a great time doing so.

The MFRC always keep the

kids happy and having a

great time!”

-Anonymous,

Parent of Military Children

Member and Event Services are an important part of the MFRC’s

mission to create an engaged and resilient military community. Events create

opportunities for community members, their families and friends to participate

in activities at a subsided cost that they might not otherwise be able to do.

Community events allow for people to create strong connections and

friendships which are all factors in creating a resilient community.

These opportunities also help create the support network needed for

when a soldier is deployed. Also, for those recently posted it gives the military

member and their family the opportunity to become apart of the local military

community. A family will already have the connections and friendships built

to help them through a stressful time.

Member and Event Services

Participants

Number of MES

events

"The trips the MFRC have organized have

been a great way to meet and interact with

other members of the Calgary military

community, always well planned!

-Brangwyn Jones,

CF Member 17

18

Over the last year we have

had the opportunity to

participate in trips to

Mount Norquay, Nakiska,

and the Whitefish

Montana Ski Resort. All of

these events were well

coordinated, starting from

the movies on the bus to

entertain the kids (Big

ones included), to the

organization while up at

the mountains and back

home again... I know that

I can't wait to participate

in another Calgary MFRC

organized event. Keep up

the awesome support and

hard work it is most

appreciated!"

-Lorriane Coursol,

CF Member

Member and Event Services includes:

discounted attraction tickets

day trips

personal development workshops

sports and event ticket draws

social events

reading exchange library.

In the past year the MFRC hosted events such as White Water Rafting,

the Annual Stampede Family Breakfast, attending Theatre Calgary’s

production of the Kite Runner, weekend trips to Spokane and a ski trip to

Whitefish. These are just a few of the monthly events, meant to bring together

the community.

Volunteer Hours

Volunteers

Volunteers

Volunteering is an important part of the MFRC's

success in providing effective and engaging services. It is an

excellent opportunity to get involved and engaged in the

local military community.

In the past year, the MFRC had over two hundred

volunteers contribute 2615 hours of volunteer work. That

adds up to more than an additional full time staff member!

19

Volunteer Recognition

For the first time ever, at the 2013 Volunteer

Appreciation Awards the MFRC gave out the

Spirit of the Military Family coin to twenty

volunteers.

This gift of a coin symbolizes achievement

and is given to individuals as an acknowledgement

of their significant contribution to the spirit of the

Military Family: the Strength Behind the Uniform.

20

Brenda Bourgaize

Jean Doyon

"When I walk into the MFRC, I can always expect a smiling volunteer eager and

ready to help, it's refreshing!"

-Anonymous

At this year’s Volunteer Appreciation Awards, numerous

volunteers were thanked for their hard work which enriches the

MFRC.

Brenda Bourgaize has been volunteering at the MFRC for

many years and has been a previous recipient of the Volunteer

of the Year Award. This year she was honoured with the

Diamond Jubilee Medal for all her work and contribution to the

organization.

Jean Doyon received the Volunteer of the Year Award for

all his great work. From SOT (Support our Troops) events, to

just helping out whenever needed, he is an invaluable member

of the MFRC community.

This year’s recipient for the Leadership Award was Nick

Twyman the Chairperson of the Board of Directors. Nick first

joined the Board of Directors in 2010 and became Chairperson

in 2011. He is also responsible for the creation of the Liquid

Courage Fundraiser which has become the main third-party

fundraiser for the MFRC. Nick Twyman

Fund Development

The MFRC’s core funding comes from the Director of

Military Family Services (DMFS) which provided 56% of last years

funding. The other percentage is made up from fundraisers, grants

and donations.

The MFRC relies heavily on local corporations and the general

public to make generous donations to meet fundraising goals which

are used to continue maintaining the exceptional services to the

Southern Alberta Military Family.

The MFRC is also thankful for in-kind donations which allow

funds to be directly allocated to programs.

21

In donations

MFRC Casino

The MFRC holds a Casino

Fundraiser every second year to raise

money for the Centre.

This past year, with the help of the

many volunteers the Centre managed to

raise $68,300.

In Grants

Raised at the Casino

22

Liquid Courage

Liquid Courage is the MFRC's largest

third-party fundraiser.

In its 7th year the Party with a Purpose

takes place during Stampede at the Royal

Canadian Legion #1 and features a dance and

silent auction.

To date the fundraiser has earned over

$144,000.

Grants

In the past year, grants have a made up a

large part of the funding received for specific

programs. The MFRC received close to $80,000

in grants the past year, almost quadrupling the

money received from the previous year.

Grants were received from:

National Youth Funding

True Patriot Love

HRDC Summer Jobs

SISIP

Devon Foundation

Community Initiative

Program

Community Spirit

Program

Brenda and Stuart

Derochie

Kinsmen Club of

Calgary Foundation

Alta Arms and Cartridge

Calgary Shooting Centre Ltd.

Cenovus Employee

Foundation

Cliff & Melanie Walde

Royal Canadian Legion

#52

Sentry Investments

Ted Samela

Donations

Plains Midstream Canada

Nexen Inc.

Blue Knights of Calgary

Calgary Poppy Fund

Legacy Western

Finance

Penn West Petroleum

PPCLI Foundation

Process Color Print Ltd.

Raytheon Canada Ltd


#10


#288

23

Major

$10,000+

Captain

$5,000+

Sergeant

$1,000+

Lieutenant

$2,500+

Donations

Don McPherson

Far West Advertising

Horizons Exchange Traded

Funds Inc.

James Bachynsky

John Meilleur

Linda Slattery

Markus Furrer

Peggy Churchward

The Probus Club of Calgary

Alberta Prairie Meats

Andrew Deng

Arnold Hansen

Arthur Phillips

Bonnie Peters

Carla Tremblay

Carmen King

Catherine Westgall

Cathy MacLeod

Conoco Philips Canada

Corey Zahn

Coty Prestige

Cristobal Guadarrama

Dean Stanton

District 7 Social Fund

DLC Westcor Mtg

Donna Johnson

Douglas & Carol

Miller

Dr. Kevin Hildebrand

Ecole Sainte

Marguerite-Bourgeoy

Geoff Whitehouse

George Milligan

Glen & Heather

Cowitz

Harold Lipton

Ian Cameron

Jacqueline McGrath

James Chisholm

Joyce Watters

Joyce Crilly

Judy Yates

Kathy Butler

Kimberly Degenstein

Laurie & Chris

Morrison

Limitless Calgary

Lyle Brooks

Lynn Luncyshyn

Maureen White

Melrose Cafe & Bar

Melanie Aikenhead

Michael Mcdermid

M.S & T.E Flanagan

Nancy Arcari

Rebecca-Anne

Van Sant

Richard Baker

Robert Atkins

Robin Phillips

Rosslyn Crowe

Royal Canadian -

Legion #264

Shona Gillis

Son Rose Plumbing

and Gas

Telus

United Way Calgary

Yale Custom Cycle

24

Private

$100+

Corporal

$500 +

A Special Place

Alberta Prairie Meats

Alex and Laurie Steward

All About Bling

Andrew Braun

Brian & Vanessa Plett

Canadian Tire

Carol Harting

Community Natural Foods

Connacher Oil and Gas Ltd.

CP Consulting

Crossfield Storage Solutions

Don Green

Duchess Hotel

DV8 Sports & Marketing

Elevate Auctions

Emco Corp.

ETC Promotions

Frameworks

Frontier Western Shop

Glen & Linda Scheibner

H&R Transport Ltd.

Home Depot

Ionik Oilfield Services

Jacelynn Plemell

Jim McLellan

Jim Stimson

Ken & Jean Pickett

Les and Linda Klassen

Lindt Chocolate

Marken Machining

Martin Weibe

Oasis Pools and Spas Ltd.

Orbit Grant Drilling

Paxx Industrial Supply Ltd.

Peggy Braun

Peter & Jutta Sprunger

Phyl-Don Holdings

Ranchlands Embroidery

Richard & Heather Heibert

Rick & Brenda Stimson


#289

Shaw Cable

Silver Bow Woodcraft Ltd.

Starlite Foundation

Westkey Storage

25

In-kind Donations

Financial Audit

26

Contents

Calgary Military Family Resource Centre Financial Statements

For the Years Ended March 31, 2013 and March 31, 2012

Independent Auditors Report 2 Financial Statements Statements of Financial Position 3 Statements of Revenues and Expenditures 4 Statements of Change in Net Assets 5 Statements of Cash Flows 6 Notes to Financial Statements 7-14

Internally Restricted

Reserve

Internally Restricted Severance

Reserve Unrestricted Total

Balance, April 1, 2011 $ - $ 33,317 $ 306,213 $ 339,530

Excess of revenues over

expenditures - - 117,597 117,597

Transfer of reserves (Note 7) - (19,496) 19,496 -

Balance, March 31, 2012 $ - $ 13,821 $ 443,306 $ 457,127

Excess of revenues over

expenditures - - 64,296 64,296

Transfer of reserves (Note 7) 346,096 (13,821) (332,275) -

Balance, March 31, 2013 $ 346,096 $ - $ 175,327 $ 521,423

The accompanying notes are an integral part of these financial statements. 4

Calgary Military Family Resource Centre Statements of Changes in Net Assets

The accompanying notes are an integral part of these financial statements. 5

For the Years Ended March 31 2013 2012

Revenues

Director of Military Family Services (Note 8) $ 443,003 $ 437,754 Donations (Notes 10 and 11) 60,019 143,135 Merchandise sales 42,377 54,587 General 18,983 7,535 Activities 87,479 72,928 Casino 45,408 32,127 Grants 79,782 24,843

777,051 772,909

Expenditures

Salaries and Wages 468,442 469,948 Administration 46,516 22,114 Professional services contracts 45,273 26,225 Activities 69,628 50,222 Travel expenses 13,721 9,166 Cost of inventories sold 29,891 39,866 Insurance 7,919 8,996 Workshop and briefing 7,507 4,812 Volunteer management 6,121 7,182 Bank charges 4,544 4,459 Child care 3,062 8,074 Amortization 2,708 1,902 Benevolence 801 306 Fundraising 427 2,040

706,560 655,312

Excess of revenues over expenditures before the following: 70,491 117,597

Loss on disposal of property and equipment (6,195) -

Excess of revenues over expenditures $ 64,296 $ 117,597

Calgary Military Family Resource Centre Statements of Revenues and Expenditures

For the Years Ended March 31 2013 2012

Cash from operating activities:

Excess of revenues over expenditures $ 64,296 $ 117,597

Items not affecting cash:

Amortization 2,708 1,902 Movement in investment (832) (505) Loss on disposal of property and equipment 6,195 - In-kind donation of property and equipment (5,630) -

66,737 118,994

Changes in non-cash working capital items:

Accounts receivable 1,207 12,661 Inventory 453 5,385 Prepaid expenses 1,653 (818) Accounts payable and accrued liabilities (5,552) 12,047 Deferred revenue 2,100 - Deferred contributions 47,992 (35,856)

114,590 112,413

Cash flows from investing activities:

Purchase of property and equipment (5,039) (3,225) Restricted cash (22,901) 30,030 Purchase of short term investments (400,000) -

(427,940) 26,805

Change in cash position (313,350) 139,218

Cash, beginning of year 414,576 275,358

Cash, end of year $ 101,226 $ 414,576

1. Summary of Significant Accounting Policies

Nature of Operations Calgary Military Family Resource Centre (the "Centre") was incorporated under the Societies Act of Alberta on March 15, 1991 as a non-profit organization formed for the purpose of providing family support services to the military community. The Centre is dependent on continuing funding from the Director of Military Family Services (Note 8) and other support from its sponsors. The Centre is exempt from tax under Section 149 of the Income Tax Act and is a registered charity.

Basis of Accounting The financial statements of the Centre have been prepared by management in accordance with Canadian accounting standards for not-for-profit organizations ("ASNPO"). These are the Centre's first financial statements in accordance with ASNPO. An explanation of how the transition to ASNPO has affected the opening statement of financial position is described in Note 2. These financial statements have, in management's opinion, been properly prepared within the framework of significant accounting policies described below.

Use of Estimates The preparation of financial statements in conformity with ASNPO requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from those estimates. The financial statements have, in management's opinion, been properly prepared using careful judgment with reasonable limits of materiality and within the framework of the significant accounting policies.

The valuation of inventory is based on management's best estimate of obsolete inventory.

The valuation of property and equipment is based upon management's best estimate of the future benefit of the related asset and the amount recorded for amortization is based on management's best estimate of the remaining useful lives of the assets.

March 31, 2013 and March 31, 2012

Calgary Military Family Resource Centre Notes to Financial Statements

Calgary Military Family Resource Centre Statements of Cash Flow

The accompanying notes are an integral part of these financial statements. 6 7

1. Summary of Significant Accounting Policies (continued)

By their nature, these estimates are subject to measurement uncertainty, and the effect on the financial statements of future changes in such estimates could be material. Changes in estimates are recognized in the period of determination.

Cash Cash consists of balances with financial institutions.

Restricted Cash Restricted cash consists of funds received from casino fundraisers and interest thereon. The usage of these funds is restricted by Alberta Gaming and Liquor Commission ("AGLC").

Short Term Investments The short term investments represent Guaranteed Investment Certificates ("GICs"), which mature in February and March 2014 and earn interest at a rate of 1.15%.

Inventory Inventory is valued at the lower of cost and net realizable value. Inventory is accounted for on a first in first out ("FIFO") basis.

Property and Equipment Property and equipment are recorded at cost. The Centre provides for amortization using the declining balance method at rates designed to amortize the cost of the property and equipment over their estimated useful lives. The annual amortization rates are as follows:

Automobiles 30% Furnitures and fixtures 20% Computer equipment 45%

When an item of property and equipment no longer has any long-term service potential to the Centre, the excess of its net carrying amount over any residual value is recognized as an expense in the statement of revenues and expenditures. Write-downs are not reversed.

Contributed property and equipment used in the Centre's normal operations are recorded at fair value at the date of contribution, when fair value can be reasonably determined.

March 31, 2013 and March 31, 2012


1. Summary of Significant Accounting Policies (continued)

Revenue Recognition The Centre follows the deferral method of accounting for contributions. Restricted contributions are deferred until the year the related expenditures are incurred. Unrestricted contributions are recognized as revenue when received or receivable. All revenues and contributions are recognized when the amounts are known, collection is reasonably assured and the following criteria are met:

Contributions for program related activities include amounts recovered from activities undertaken by the Centre and are recognized when the events occur.

Funds received from sale of merchandise and family passes are recognized at the point of sale.

Donations are recognized upon receipt.

Casino contributions are deferred until the year the related eligible expenditures are incurred.

Grants are recognized in the period the related expenses are incurred.

Contributed Materials and Services The Centre receives various contributions in the form of

materials or services that it uses to carry out its objectives. Contributed materials and services are recorded only when the fair value can reasonably be estimated, and where the materials are normally purchased and would be paid for if not donated.

Financial Instruments The Centre's financial instruments consist of cash, restricted cash, short term investments, accounts receivable and accounts payable and accrued liabilities. Unless otherwise noted, it is management's opinion that the Centre is not exposed to significant risks arising from these financial instruments.

Financial instruments are reported at cost or amortized cost less impairment, if applicable. Financial assets are tested for impairment when changes in circumstances indicate the asset could be impaired.

8

March 31, 2013 and March 31, 2012


9

2. First-time Adoption

Effective April 1, 2012, the Centre adopted the requirements of the new accounting framework, ASNPO or Part III of the requirements of the Canadian Institute of Chartered Accountants ("CICA") Handbook – Accounting. These are the Centre’s first financial statements prepared in accordance with this framework and the transitional provisions of Section 1501, First-time Adoption have been applied. Section 1501 requires retrospective application of the accounting standards with certain elective exemptions and mandatory exceptions. The accounting policies set out in Note 1 - Summary of Significant Accounting Policies have been applied in preparing the financial statements for the year ended March 31, 2013, the comparative information presented in these financial statements for the year ended March 31, 2012, and in the preparation of an opening ASNPO statement of financial position at the date of transition of April 1, 2011.

The Centre issued financial statements for the year ended March 31, 2012 using generally accepted accounting principles prescribed by the CICA Handbook – Accounting Part V - Pre-changeover Accounting Standards. The adoption of ASNPO did not result in any adjustments to the previously reported assets, liabilities, net assets, excess of revenues over expenses and cash flows of the Centre.

The following exemption was used at the date of transition to ASNPO:

Business combinations

The Centre elected not to apply Section 1582 - Business combinations retrospectively to past business combinations prior to the date of transition.

3. Inventory

Inventory consists of the following:

2013 2012

Support Our Troops $ 17,129 $ 16,203 Family passes/tickets 3,456 4,835

$ 20,585 $ 21,038

4. Property and Equipment

Property and equipment consists of the following:

Cost

2013

Accumulated Amortization Cost

2012

Accumulated Amortization

Automobiles $ 17,408 $ 15,974 $ 17,408 $ 15,360 Furniture and fixtures 2,229 1,478 2,229 1,290 Computer equipment 8,265 1,936 15,481 11,721

$ 27,902 $ 19,388 $ 35,118 $ 28,371

Net book value $ 8,514 $ 6,747

5. Accounts Receivable

Accounts receivable includes $3,026 (2012 - $1,997), representing GST due from the government.

6. Deferred Contributions

Deferred contributions include unspent casino revenues that have a restricted use and amounts received as donations and grants that have external restrictions placed on them by donors. Changes in the deferred contributions balance are as follows:

April 1,

2012 Revenue

Recognized

Funds Received/

Transferred March 31,

2013

Casino $ 35,482 $ 45,408 $ 68,309 $ 58,383 Externally restricted funds 14,371 5,319 - 9,052 Community Initiatives Program - - 16,500 16,500 True Patriot Love - - 10,000 10,000 Devon grant - - 3,910 3,910

$ 49,853 $ 50,727 $ 98,719 $ 97,845

March 31, 2013 and March 31, 2012


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March 31, 2013 and March 31, 2012


9. Financial Instruments (continued)

(a) Credit risk

Credit risk is the risk that the Centre will incur a financial loss because a contributor or counterparty has failed to discharge an obligation. The Centre's accounts receivable consists of GST receivable from the government. Accordingly, the Centre views credit risk on GST as minimal. The Centre is also exposed to credit risk as a significant portion of the Centre's cash, restricted cash and short term investments are held at one chartered bank. As such, the Centre is exposed to all the risks of that financial institution.

(b) Interest rate risk

The Centre is exposed to interest rate risk arising from the possibility that changes in interest rates will affect the fair value of investments, which includes investments with maturity periods of one year or less.

(c) Liquidity risk

Liquidity risk is the risk that the Centre encounters difficulty in meeting its obligations associated with financial liabilities. Liquidity risk includes the risk that, as a result of operational liquidity requirements, the Centre will not have sufficient funds to settle a transaction on the due date; will be forced to sell financial assets at a value, which is less than what they are worth; or may be unable to settle or recover a financial asset. Liquidity risk arises from accounts payable and accrued liabilities. The Centre has sufficient cash to discharge its liabilities.

10. Contributed Materials and Services

During the year, $12,946 (2012 - $6,026) of contributed materials and services were recognized in revenues and expenditures. Contributed materials consisted of office supplies and postage, and contributed services consisted of repairs to the Centre owned vehicle, transportation and workshops.

6. Deferred Contributions (continued)

April 1,

2011 Revenue

Recognized

Funds Received/

Transferred March 31,

2012

Casino $ 65,512 $ 32,127 $ 2,097 $ 35,482

Externally restricted funds 20,196 10,536 4,711 14,371

$ 85,708 $ 42,663 $ 6,808 $ 49,853

7. Internally Restricted Reserves

During the current year, the Board of Directors passed a motion to set up an internal reserve fund to help ensure the long term financial stability of the Centre. $332,275 was transferred into the fund during 2013 (2012 - $nil). The severance reserve set up in prior years of $13,821, was also transferred into this reserve. The reserve is determined each year based on the following:

(a) Total liabilities, including deferred revenue and deferred contributions;

(b) Severance accrual, determined based on number of years worked; and

(c) 25% of expenditures.

8. Economic Dependence

During the year, the Centre received revenue of $443,003 (2012 - $437,754), which represents 56% (2012 - 54%) of its revenues, from the Director of Military Family Services.

The Centre is also economically dependent on the Area Support Unit Calgary ("ASU") as they use the ASU's facilities and certain materials and services at no cost (Note 10).

9. Financial Instruments

As disclosed in the summary of significant accounting policies, the Centre holds various forms of financial instruments. The nature of these instruments and the Centre’s operations expose the Centre to credit, interest and liquidity risks. The Centre manages its exposure to these risks by operating in a manner that minimizes its exposure to the extent practical.

March 31, 2013 and March 31, 2012


March 31, 2013 and March 31, 2012


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Calgary Military Family Resource Centre Notes to the Financial Statements

March 31, 2013 and March 31, 2012

11. Related Party Transaction

The Centre had the following related party transaction in the normal course of operations:

During the year, approximately $10,311 (2012 - $25,753) was contributed by members of the board. This amount is included in donations revenue.

This is measured at the exchange amount, which is the amount of consideration established and agreed to by the related parties.

12. Fund-raising Expenses

As required under Section 7(2) of the Charitable Fund-Raising Act of Alberta, the Centre discloses the following:

Expenses incurred for the purposes of soliciting contributions were $64 (2012 - $306).

March 31, 2013 and March 31, 2012


14

35

Thank you to the staff, Board, volunteers and community

members for your contributions of photos, stories and

testimonials.

Design and layout by James Landsburg

Calgary Military Family Resource Centre

4225 Crowchild Trail SW

Calgary, AB T3E 1T8

403-410-2320 ext.3590

[email protected]

www.calgarymfrc.ca

Final Draft June.10

Documents

Transcript of Final Draft June.10