Fiscal Year: April 1, 2011 to March 31, 2012
2
3
4
Fund balances - Beginning of year
Interfund transfers
Fund balances - End of year
5,679,117
Fund balances - End of year
39,101,221
39,105,089
39,105,089
35,992,795
28,615,305
35,749
80,773,133
-
73,687,593
22,326,625
5,912,264
Restricted Fund 73,687,593
-
76,373,597
(2,686,004)
25,012,629
2011 $ 2012 $ 20
15,084,196 527,790 1,027,148 2,457 5,177,188 1,630,000 1,521,839 3,039,8 160,3
16,641,591 8,329,027 5,096,3
378,408 272,087 11,872 87,826 76,6
662,367 87,826 76,6
15,979,224 8,241,201 5,019,7
23,615,740 898,523 623,6
(7,636,516) 7,342,678 4,396,0
45,276,399 28,615,305 24,183,4
1,465,206 34,812 35,7
35,992,795 28,615,3
18,022,871
39,105,089
34,812
24,183,496
686,337 1,011,019 13,059
(1,592,246)
1,465,206
1,710,415 28,615,305
7,085,540
19,733,286
20,513,640
6,500,943
15,649,549 973,928 3,103,567 6,242
39,101,221
1,588,378
19,615,117
45,276,399
4,396,060
27,599,180
2,394,074 1,727,363 1,254,364 1,125,142
5,967,200
(1,500,955)
1,588,378
39,105,089
7,342,678
(7,636,516)
623,690
5,019,750
7,465,799
2012 $
(1,623,191)
Interfund transfers
6,913,702
5,967,200
5,967,200
5,679,117 (1,592,246)
898,523
23,615,740
5,173,292
Fund balances - Beginning of year
6,913,702
19,615,117
8,241,201
76,605
4,962,222 167,471 43,599
554,453
773,198
554,453
15,979,224
87,826
5,340,630 439,558 132,076
6,123,691 1,196,228 145,880
2011 $
1,335,108
-
773,198
662,367
76,605
28,238,889
20,518,159 2,415,545 2,281,512 3,023,673
2011 $
35,064,979
23,223,248 2,826,338 5,976,092 3,039,301
2012 $
Total
General Fund
Excess (deficiency) of revenue over expenses for the year
(note 5)
(1,500,955)
18,022,871
-
1,335,108
Grants to St. Michael’s Hospital
5,967,200
1,710,415
1,327,651
87,826
1,335,108
378,408 272,087 11,872
5,096,355
3,039,889 160,392 1,896,074
5,437,354 185,209 44,995
1,327,651
5,173,292
5,667,558
(1,623,191)
686,337 1,011,019 13,059
5,177,188 1,630,000 1,521,839
8,329,027
Grants to St. Michael’s Hospital 5,667,558
16,641,591
15,084,196 527,790 1,027,148 2,457
2011 $
7,002,666
1,335,108
4,962,222 167,471 43,599
5,437,354 185,209 44,995
19,733,286
15,649,549 973,928 3,103,567 6,242
2012 $
Revenues
2,396,511 1,852,410 1,242,525 1,511,220
2012 $
Excess of revenue over expenses before grants
Fundraising and administrative Events Investment
6,500,943
7,002,666
Excess (deficiency) of revenue over expenses for the year
2011 $
Excess of revenue over expenses before grants
Expenses
2,394,074 1,727,363 1,254,364 1,125,142
2012 $
Endowment Fund
Fundraising and administrative Events Investment
2,396,511 1,852,410 1,242,525 1,511,220
2011 $
(note 5)
Restricted Fund
Donations Bequests Events Investment income (note 3)
Donations Bequests Events Investment income (note 3)
2012 $
General Fund
Expenses
Revenues
Endowment Fu
1,896,0
5
2012 2012 2012 $ $ $
2011 2011 2011 $ $ $
Cash provided by (used in) Cash Cash provided provided by (used by (used in) in) Operating activities Operating Operating activities activities Excess (deficiency) of revenues over expenses for the year
ExcessExcess (deficiency) of revenues of revenues over expenses over expenses for the for year the year Item not(deficiency) affecting cash Item not Item affecting not affecting cash cash Change in unrealized gains on investments Change Change in unrealized in unrealized gains on gains investments on investments Changes in non-cash working capital items Changes Changes in Other non-cash inreceivables non-cash workingworking capital capital itemsexpenses items and prepaid Other receivables Other receivables and prepaid and prepaid expenses expenses Accounts payable accrued liabilities Accounts Accounts payable payable and accrued and accrued liabilities liabilities Deferred revenue Deferred Deferred revenue revenue
Investing activities Investing Investing activities Purchase ofactivities investments - net of proceeds
Purchase Purchase of investments of investments - net of-proceeds net of proceeds
Decrease in cash and cash equivalents during the year Decrease Decrease in cash in and cashcash and equivalents cash equivalents duringduring the year the year Cash and cash equivalents - Beginning of year Cash and Cashcash and equivalents cash equivalents - Beginning - Beginning of year of year Cash and cash equivalents - End of year Cash and Cashcash and equivalents cash equivalents - End -ofEnd year of year
6
7,085,540 7,085,540 7,085,540 (555,616) (555,616) (555,616) 172,426 172,426 172,426 184,554 184,554 184,554 (2,282,210) (2,282,210) (2,282,210) 4,604,694 4,604,694 4,604,694
(2,686,004) (2,686,004) (2,686,004) (1,035,267) (1,035,267) (1,035,267) (157,089) (157,089) (157,089) (62,188) (62,188) (62,188) 2,096,470 2,096,470 2,096,470 (1,844,078) (1,844,078) (1,844,078)
(10,974,128) (1,824,725) (10,974,128) (10,974,128) (1,824,725) (1,824,725) (6,369,434) (3,668,803) (6,369,434) (6,369,434) (3,668,803) (3,668,803) 21,114,466 24,783,269 21,114,466 21,114,466 24,783,269 24,783,269 14,745,032 21,114,466 14,745,032 14,745,032 21,114,466 21,114,466
(1)
7
8
(2)
Category Measurement Assets/liabilities Cash and cash equivalents held-for-trading fair value Other receivables loans and receivables amortized cost Investments held-for-trading fair value Accounts payable and accrued liabilities other liabilities amortized cost
2012 2011 $ $ 1,456,227 784,310 Short-term investments Bonds Government 22,300,283 20,050,677 Corporate 20,727,844 18,176,648
43,028,127 38,227,325
(3)
9
Equities Cash provided by (used in) Canadian US Operating activities International Excess (deficiency) of revenues over expenses for the year Item not affecting cash Change in unrealized gains on investments Changes Aggregate in non-cashfair working value capital items Other receivables and prepaid expenses Accounts payable and accrued liabilities Aggregate cost Deferred revenue
2012 2012 $$ 7,278,292 7,278,292 6,208,969 7,085,540
5,688,918 4,716,454 4,303,156 (2,686,004)
20,765,553 (555,616)
14,708,528 (1,035,267)
65,249,907 172,426 184,554 63,761,399 (2,282,210)
53,720,163 (157,089) (62,188) 52,788,333 2,096,470
4,604,694
Investing activities Purchase of investments - net of proceeds
Decrease in cash and cash equivalents during the year Cash and cash equivalents Beginning Interest, dividends and -realized gains of year Changes in unrealized appreciation of investments
Cash and cash equivalents - End of year
2011 2011 $$
(1,844,078)
(10,974,128)
(1,824,725)
2012 (6,369,434) $
2011 (3,668,803) $
21,114,466 2,483,685 555,616 14,745,032 3,039,301
24,783,269 1,988,406 1,035,267 21,114,466 3,023,673
10
(4)
(5)
11
1-025 Queen Wing, 30 Bond Street Toronto, Ontario, M5B 1W8 Telephone: 416.864.5000
www.stmichaelsfoundation.com