2010 Annual Report

2010 Annual Report
In Support of Wood’s Homes Serving Children and Families Since 1914

2 WOOD’S HOMES FOUNDATION
Celebrating
10 y ears!

Table of Contents
About the Foundation, its Mission 4
The Work of Wood’s Homes 5
Message from Board Chair, Director 6-7
Photos of our accomplishments 8-10
Our Programs and Services 11-12
Providing a Safe Place to Think 13
Corporate & Non-Corporate Donors 14-16
Financial Statements 17-26
Board of Directors 27
We never say no. We never give up. We never turn anyone away.
3

About The Foundation
The Wood’s Homes Foundation plays a key
role in the strategic philanthropic investment
in Wood’s Homes. It seeks out and encourages
individual and corporate donor support and
stewards funds generated through careful investment
practices and standards of accountability
that contribute to donor confidence
and satisfaction.
Our Mission
To passionately promote Wood’s Homes and
its unique child, youth and family mental
health services and initiatives by providing
a dependable, long-term sustainable pool of
resources.
4

The Work of Wood’s Homes
Youth learns new skills to cope with frustration
By Erin Henricksen-Ireland
(School Support Counsellor)
I’ve been with Wood’s Homes for almost
five years and work at George
Wood, a specialized learning centre
on the Bowness campus. My career
here has provided me with the opportunity
to work with many amazing
and memorable young people
from across the country, and has
provided me with a ton of stories
to share.
working on. He asked what would
happen if he broke a chair, so I let
him know that he would need to
pay for it if he did. Now, this was
no ordinary chair! It was the comfy
reading chair in our library … the
one that EVERY student wants to sit
on during the day. Well, he thought
about it for a few minutes and then
… he broke the chair!
One of the most memorable people
I have ever helped support is a
young man who came to us from
the Northwest Territories. Greg arrived
in my high school classroom
during my first year at Wood’s
Homes. Greg was a big boy for only
being 14, and at first glance could
be intimidating. He came from a
family heavily affected by drugs
and alcohol and came to us hoping
to not only help himself, but his
mother as well. He arrived at school
with poor academic and social skills
and was impulsive.
I remember one day in particular
- he was frustrated with his peers
and wasn’t sure how to handle
what was going on, so he let me
know that he wanted to break
something. I told him that it was up
to him how he dealt with frustration,
and encouraged him to use some
of the coping skills we had been
A few months later, Greg came to
school and handed me an envelope
filled with money he had saved in
order to buy the school a new chair.
We trotted off to IKEA and not long
afterward he was assembling the
new chair. To this day (three years
later) that chair is still the one that
every student wants to sit on.
The chair ended up being the last
thing that Greg ever broke at the
school. He learned new skills to
help him cope with his feelings,
and he was able to use these skills
on a regular basis. Greg worked
hard at school and built great
relationships with staff and other
young people all over the Bowness
campus. He successfully completed
his treatment at Wood’s Homes and
earned several high school credits
at the same time. Greg moved
back home where he lived in a very
supportive foster home.
This is no ordinary chair.
The special thing here is that Greg
would call the classroom at least
once a month, and did so for more
than a year. He let me know that his
mother had just finished treatment
and was now sober. He, too, was
working hard at staying sober,
he’d found full-time work and was
planning to get his high school
diploma.
It’s not every day that someone
gets the opportunity to make a
real impact on a child’s life, but it is
definitely not every day that a child
stays in touch to let us know that
things are better.
(Client name has been changed to
protect identification.)
5

10 Years of Success
PETER WITTIG
Director
TERRY COTTON
Board Chair
Ten years ago a visionary group
from the Wood’s Homes Society
had a dream to establish a
reliable source of funding to
sustain growth, create innovative
programming and support
initiatives not covered by
contractual funders. This dream
would allow Wood’s Homes to
deliver increased protection for
the most at-risk children in our
communities.
As we reflect on the early days,
to these founders of the Wood’s
Homes Foundation the message is
clear: At-risk children are vulnerable.
On the streets, abandoned and
struggling with challenges few of
us can imagine, these children are
without support, often homeless,
sometimes acting out their fears
and yet desperately needing help.
The need for increased protection
for these children was a priority.
The Wood’s Homes Foundation
was created with its mission being
to passionately promote Wood’s
Homes and its unique child, youth
and family mental health services.
In the Wood’s Homes Foundation’s
first annual report in 2000, the
Chair of that first Board of Directors
noted: “There are many worthy
causes in our community which,
like us, must seek the support of
individual and corporate citizens
to maintain services for those who
depend upon them.
We must be prepared to
demonstrate time and time
again the value of an investment
in the future of children and
families in turmoil. We know that
we must be highly accountable
and be attentive stewards of the
funds entrusted to us to earn
this support.” That statement
was true then and is no less true
today. Donors, both individual
and corporate, look to us to not
only steward dollars invested in
children but to ensure that at-risk
children receive the utmost care
and planning to lead productive
lives in our community.
6 WOOD’S HOMES FOUNDATION

With all that in mind, and looking
back over the past 10 years, the
Wood’s Homes Foundation has
created a healthy balance sheet,
developing fundraising capabilities
with a focus on paying attention to
the big picture while taking small
and measured steps toward it. We
are proud of our accomplishments
to date and although we still
have far to go, the Foundation
is now in a position to meet our
overall objectives and long-term
commitments to the Society.
Some of our endeavours include:
• The ability to offer a wide variety
of funding opportunities in
education, sport, music, career
and vocational training. We also
have a crisis fund. These funds
are used by young people in our
care who would otherwise not be
able to access these opportunities
– ones that perhaps may easily
exist for other children.
• EXIT Street Youth Services: A community
outreach program located
in downtown Calgary. New and
enhanced outreach services are
also provided in Lethbridge and
Fort McMurray.
• Redevelopment of the Wood’s
Homes Parkdale campus and the
creation of the Tuer Children’s
Mental Health Centre, named for
a longtime friend and supporter.
• Development of a unique
playground and sports courts at
both the Parkdale and Bowness
campuses to provide children an
opportunity to play and just be
kids.
• Support for immediate, accessible
and no-charge therapeutic
services for families in crisis at the
Eastside Family Centre.
• Assistance with the establishment
of a new housing program for
young adults at risk of homelessness.
This program meets Wood’s
Homes objectives to house young
adults as they transition toward
full independence, and also supports
the province’s 10 year plan
to end homelessness.
Wood’s Homes will celebrate 100
years of service in 2014 as one
of the longest-standing charitable
children’s services agencies
in Calgary and Alberta. The
stewards of this organization
are proud of its ability to
respond to community needs
over these many years and the
Wood’s Homes Foundation
in particular, is committed to
ensure that the Society has the
necessary resources to support
vulnerable children well into the
next century. This achievement
is attainable only because of
the support of our donors and
benefactors – people who see this
dream and support it because
they believe, as we do, that They
Are All Our Children.
While acknowledging the
Foundation’s decade of service,
we would like to also thank all of
the Wood’s Homes staff who work
tirelessly every day to improve the
lives of children from all parts of
this country. The Wood’s Homes
Foundation is very proud to have
the opportunity to support their
fine work, and to give at-risk
children a brighter future and a
chance to reach new heights.
And to all of our supporters, we
remain profoundly grateful. We
could not do it without you.
Thank you for helping us continue
to ensure:
We never say no.
We never give up.
We never turn anyone away.
(Pictures of our accomplishments follow on Pages 8, 9 & 10.)
7

10 Years of Success
How we support homeless youth
a Right: EXIT Community Outreach: This daytime
warming centre, located at 117-7 Ave. S.W., in
downtown Calgary, sees 80 young people a day.
b Below: Lethbridge Emergency Youth
Shelter, located at 312 3rd St. S.E., provides
accommodation for up to 8 youth a night.
b
a
New Horizon
b
a Left: Located in Calgary’s Fairview district,
this building provides eight apartment
units (in partnership with Horizon Housing)
for young adults at risk of being homeless.
a
b Top: Fully-functional kitchen with table
and chairs is a first for many clients.
8 WOOD’S HOMES FOUNDATION

Providing young people a place to play and just be kids
b
a
a Top: A new playground (with thanks to Daylight Energy) is a first on our Parkdale
campus. b Top right: The revamped sports court on our Bowness campus.
c Opposite: The new skateboard park on our Bowness campus.
c
Sometimes families have troubles they can’t handle alone.
a
a Top: Eastside Family Centre, located at Calgary’s
Northgate Mall (495 36 St. N.E.) offers no-charge,
walk-in therapeutic services to families in crisis.
b Right: More than 50,000 people have used the
services of Eastside Family Centre since it was
established more than 21 years ago.
b
We never say no. We never give up. We never turn anyone away.
9

Private, friendly welcoming area for families in crisis
Right: The Tuer Children’s Mental
Health Centre (named for a longtime
friend and supporter of Wood’s Homes)
offers clinicians and therapists (including
art and play therapists) bigger and
brighter space to do their work.
Expanded space for Research and Support Services
Left: As part of the redevelopment
of the Parkdale campus, this new
building houses the Research Department
as well as Support Services.
It also provides training and
workshop spaces that are regularly
used both in-house and by
members of the community.
10 WOOD’S HOMES FOUNDATION

Wood’s Homes Programs
Crisis & Counselling Services:
• Community Resource Team: 24/7 telephone,
mobile crisis response.
• Eastside Family Centre: No-charge, walk-in
counselling service.
In-Home Support and
Foster Care:
• Home Connections: Support in home, school and
community settings for children and families with a
wide variety of issues.
• Foster Care: Family-based care for children
newborn to 17, and effective transition to family,
kinship care or adulthood.
Street Services:
• EXIT Youth Shelter: Temporary shelter and
support for homeless youth with or without
Children’s Services status.
• EXIT Community Outreach: Downtown
storefront and mobile van service for homeless or
at-risk youth; on-site medical services.
• New Horizon: Eight apartment units, in partnership
with Horizon Housing, for young adults 18-24, who
are at risk of being homeless.
• RADAR: (Re-engaging Academically
Disconnected Adolescents Respectfully).
A partnership program that supports youth 13-15,
who are homeless as well as disconnected from
school, home and community.
Specialized Learning Centres:
• George Wood: Bowness campus school for youth
in intensive or community-based residential care.
(In partnership with the CBE.)
• William Taylor: Day treatment school for
community youth, and youth in residential
treatment on Parkdale Campus. (In partnership with
the CBE.)
• Children’s Village School: A day treatment
school for children 3-12, who exhibit severe
emotional and behavioural difficulties.
(In partnership with the CBE.)
• Our Lady of Lourdes: Day treatment school for
troubled community children. (In partnership with
the Catholic Separate School District.)
• ROMP (Recreational Outdoor Mentorship
Program): Providing recreational opportunities and
programming for children and youth living at Wood’s
Homes; and others upon request.
Residential Treatment Services:
• Exceptional Needs (Under 12): For children 6-12,
with backgrounds of trauma and maltreatment
resulting in severe behavioural challenges.
• Exceptional Needs (12-17): Treatment for youth
with mental health diagnosis and severe behavioural
problems; a blend of weekday residential and
weekend at-home living.
• Stabilization: Crisis defusion for youth 12-17,
and their families experiencing mental health and
conflict issues.
11

• Capitol Hill Stabilization: Short-term care for
children 6-12, experiencing a family crisis.
• Evergreen: For youth with Children’s Services status
displaying violence and substance abuse with a
history of placement breakdowns.
• Eagle Moon Lodge: For at-risk Aboriginal youth
12-17, and their families experiencing mental health
and addiction issues. Referrals from anywhere in
Canada.
• Catalyst: Individualized treatment for adolescents
12-17, and their families experiencing complex
mental health symptoms, fetal alcohol effects often
stemming from trauma. Referrals from anywhere in
Canada.
• Phoenix: For males 13-17, who demonstrate
sexually intrusive behaviours. Referrals from
anywhere in Canada.
• Aftercare Service: Fills a crucial gap by
accompanying young people back home to their
community after their program discharge.
Outcome-Based Service Delivery:
• Family Support Network Calgary and Family
Connections Lethbridge, are innovative
pilot programs for families with child protection
concerns. In partnership with Children’s Services,
these programs are developing outcome-based
approaches to intervention. Wood’s Homes is
learning new ways to work with a broad range of
infant, child and adolescent concerns.
Youth in Transition Programs:
• Altadore: Provides youth 14-17, with opportunities
for a smooth, safe and appropriate transition from
treatment settings into community living.
• Collingwood/14th Street: A house-parented
program with staff support for youth leaving
residential treatment; and a semi-independent living
program for adolescents.
• Temple: A resource intensive ‘wraparound service’
that assists youth 16-20 with complex mental health
issues to successfully transition into community
living.
• New Outlook: Teaches life skills to young people
who are entering or who are having difficulties in the
adult service system.
• Helios: Specialized residential service for young
adults transitioning from post-discharge mental
health care to supported community living.
Regional Programs:
• Lethbridge: Emergency youth shelter; family crisis
stabilization; community outreach and in-home
support; Outcome-Based Service Delivery.
• Canmore: In-home crisis support and community
outreach.
• Wheatland: A house-parented program with
staff support, and in-home crisis support for
troubled youth and families who primarily reside in
Strathmore and Wheatland County.
• Fort McMurray (Stepping Stones Youth Services):
Temporary shelter, support and outreach services for
homeless youth.
• Fort Smith, N.W.T. (Trailcross Treatment Centre):
Holistic treatment for Aboriginal youth 12-17, with
serious difficulties resulting from addictions and
maltreatment. Support for families and communities
living in the North.
12 WOOD’S HOMES FOUNDATION

The Work of Wood’s Homes
“I would
have lived
in a closet”
By Madelyn McDonald, Brad Gauthier
(Manager, Team Leader EXIT Street Youth
Services)
Hard-working, proud and resourceful
are three ways to describe Todd.
He was among the first group of
clients to move into the New Horizon
building in Calgary’s southeast
(see photo on Page 8). This building
provides a home for young adults
at risk of homelessness.
Todd came to us after deciding
he needed to make significant life
changes to avoid permanently ending
up in the justice system. Todd
grew up in the system and unfortunately
has no biological family.
Todd quickly impressed staff with
his amazing ability to build things.
He is the ‘go-to’ guy when staff need
help putting something together
or doing any number of tasks that
require the work of a skilled labourer.
And he is always willing to lend
a hand. By all accounts, he is quite
an accomplished cook as well and,
along with two other clients, often
dazzles the staff with his contributions
to Tasty Tuesdays!
Todd is getting the help he needs
to learn how to budget and find a
job. He has a lot of pride which can
sometimes get in the way of him
asking for help. He would rather say
that things are OK and will work to
solve his own issues. He is however,
getting to a point where he is starting
to trust the staff, realizing that we
are here to help him and that there
is no shame in saying: “I need help.”
Todd has come a long way and
we are very proud of him. He will
always be remembered for what
he said when he first spotted his
fully-furnished apartment – the
first place he would call home in
years….
“I would have lived in a closet as
long as I knew I would be safe.”
Providing a
Safe Place
to Think
By Arianna Johnson,
(Supervisor, Fort McMurray Youth Shelter)
Recently, a young man came to
Stepping Stones - our youth shelter
in Fort McMurray - for support
and a place to sleep after leaving
home because it was no longer a
safe place.
Joe is a talented athlete and was
being scouted by universities from
across Canada and the United
States. He is also a good student,
polite and hard-working. However,
he was mixed up with another
youth who was negatively impacting
his behaviour and despite his
great potential in sport, scholarship
scouts were concerned over the instabilities
in his life.
Joe stayed at Stepping Stones for
almost two months and during that
time, staff were able to help him
identify and acknowledge how his
peer relationships were affecting
his potential successes. So eventually,
Joe chose to severe those ties
and soon was seconded to a sports
team in another area. He also successfully
relocated to that area to
live with another family.
This young man continues to update
us on his progress and we are
pleased to state here that he has
been doing very well, earning several
scholarship opportunities.
Joe was provided with a safe place
to sleep and a safe place to think
because of Wood’s Homes’ Stepping
Stones Youth Services. This is
just one example of how time for
reflection, along with the solid and
unrelenting support and guidance
of our staff, is making a marked difference
in the lives of young people
and their families in our community.
(Client names have been changed to
protect identification.)
13

Donors Individual, Non-Corporate Donors/Sponsors
Alberta Culture and Community Spirit
Alberta Minister of Finance Disbursement Account II
Alberta Union of Provincial Employee
Andrew & Susan Judson
Anonymous (6)
Anthony & Karen Jordan
Anthony Lambert
Antonie & Kathleen VandenBrink
Barbara & Al Murray
Bernice Neuman
Bjorn & Wendy Johansson
Blaire Cote
Brad VanderHeide
Brandon Rosler
Brent Oleksy
Brian & Patti Callow
Bruce McFarlane & Janice Heard
Burns Memorial Fund
Calgary Fort Calgary Lions Club
Calgary Homeless Foundation
Carla & Larry Robinson
Carmine & Connie Caputo
Carri Clarke & Reid Brodylo
CIBC Children’s Foundation
Dale Neuman
Dave Turtle
David & Sheryl Olson
Debra Cote
Douglas Leahey
Elaine Agema
Ellen & William Chidley
Ernesto Kapitza
Foundations for the Future Charter High School
George & Carol Morgan
Glen & Erin Rumpel
Gordon & Fay Smith
Government of Alberta Family and Community Support Services
Harry & Arlene Prummel
Heather Heasman & David Vankka
Hector & Gail McFadyen
Henry & Pearl Kempe
Ian Fisher
James Broughton
James Parker
Jamie Oleksy
Jane Matheson & David Westelmajer
Jeff Tonken
Jerry Kubik
Jewish Community Foundation of Calgary
Jim & Josie Gray
Joel Friley
Johannes Kingma
John & Sharon Stankiewicz
Katherine Cumming
Kelly Nichol
Kerry Lyons
Kevin & Michelle Screpnechuk
Kim Hubick
Kimiko & Sonny Nakashima
Kinsmen Club of Lethbridge
Kirby & Rhonda Bashnick
Kirby Wanner
Knox United Church
Kyle Mizak & Sonia Van Cauwenberghe
Lane Mosby
Leroy Dakin
Leslie Lundquist
Lethbridge First Baptist Church
Lori Hughes
Lou MacEachern
Madelyn McDonald
Margaret & Lloyd Rodway
Margaret & Ron Southern
Martin & Margaret Chambers
Martin McGoldrick & Helen Daly
Mary Atkinson
Maureen Graham
Maureen Leahey
Michael & Renae Tims
Michael Clarry
14 WOOD’S HOMES FOUNDATION

Michael Vass
Neil & Diane Gregory
Neville Jugnauth & Lisa Fleck
Nicholas Johnson
Norma Northey
Order of the Eastern Star / Maple Leaf Chapter #7
Pamela Kazeil
Pat Beattie
Peter & Barb Wittig
Peter Hughes
Peter Kinash & Elrose Klause
Quentin Stevick
Randy Ollenberger
RBC Foundation
Regional Municipality of Wood Buffalo
Ricardo Giammarino
Robert Caracciolo & Kristen Lozynsky
Robert Hayes
Robert Langill
Robin & Carol Irwin
Rosanne & Fred Woods
Rotary Club of Calgary
Salden Foundation
Scott & Barbara Doupe
Sean Monaghan
Sean Phelan
Sloan Pipella-Clark
Steve Nielsen
Steve Soules
Susan & Michael Gardiner
Susan Fordyce
Taber Christian Reformed Church
Teamsters Local Union No. 362
Teresa Shock
Teri Basi
Terry & Noni Schmaltz
Terry Cotton & Linda Madonna
The Brenda Strafford Foundation Ltd.
The Calgary Foundation
The Calgary Foundation - Dunfield Family Fund
The Calgary Foundation - The Heartstone Foundation Fund
The Calgary Foundation - Gregory and Wendy Adams Fund
The Calgary Foundation - The Connemara Fund
The Calgary Foundation - The David and Leslie Bissett Fund
The Calgary Foundation - The George and Sheila Crawford Endowment Fund
The Calgary Foundation - William and Constance Topley Fund
The Canada Safeway Foundation
The Community Facility Enhancement Program
The Greene Family Charitable Foundation
Troy Moller
United Way of Calgary and Area
United Way of Fort McMurray
United Way of Greater Toronto
University of Lethbridge Management Students’ Society
Wayne McNeill
Western Economic Diversification Canada
William & Ruth Kujat
World Professional Chuckwagon Association
Corporate Donors/Sponsors
1246350 Alberta Ltd.
Airport Pick-A-Part
Alsa Road Construction Ltd.
Arcan Resources Ltd.
ATCO Ltd.
Avonlea Homes Ltd.
Barrie I. Strafford and Associates Ltd.
BDP Office Services L.P.
BMO Bank of Montreal
BMO Nesbitt Burns Inc.
Bonavista Energy Corporation
Borden Ladner Gervais LLP
Brownlee LLP
Callow and Associates
Calmena Energy Services Inc.
Canaccord Genuity Corp.
Canada ICI Capital Corporation
Canada Lands Company
Canada Safeway Ltd.
Canadian Natural Resources Ltd.
Canadian Oil Sands Ltd.
Canadian Society for Unconventional Gas
15

Cenovus Energy Inc.
Chandos Construction
Canadian Imperial Bank of Commerce
Clearview Plumbing and Heating Ltd.
Colors Hair & Spa Inc.
Connacher Oil & Gas Limited
Conroy Ross Partners Limited
Cornerstone Funeral Home Ltd.
Crave Cookies & Cupcakes Inc.
Daylight Energy Ltd.
Decore Hotels
Design Factor Homes Inc.
Enerchem International Inc.
First Calgary Savings & Credit Union Ltd. - Branch 102
FirstEnergy Capital Corp.
First Technicall Systems Inc.
Fluor Canada Ltd.
Fort Calgary Resources Ltd.
Fort McMurray Housing Inc.
Fujitec Canada Inc
General Paint
Georgeson Shareholder Communications Canada Inc.
Gilbert Lausten Jung Associates Ltd.
Gluckin Sheff & Associates Inc.
GMP Securities L.P.
Goldman Sachs Canada Inc.
Harvard Energy
Horizon North Camps & Catering
Hunt Insurance Agencies Ltd.
Inter Pipeline Fund
JAS Industrial Service & Repair Ltd.
Keyera Corp.
Kuizenga Farms Ltd.
La Caille Group
Lethbridge Harley Owners Group
Lethbridge Lodge
Lydale Construction (Lethbridge) Ltd.
MacLeod Dixon LLP
Mainstreet Equity Corp.
Mancal Corporation
Mark’s Work Wearhouse
McCarthy Tetrault LLP
McLeod & Company
McQuiston Executive Wealth Group
MGI Financial Inc.
Mustang Capital Partners Inc.
My Service Company
Nabors Drilling Limited
Neapolitan Royalty Corporation
Newalta Corporation
Pace Oil & Gas Ltd.
Pacer Corporation
Pajak Engineering Ltd.
Penn West Petroleum Ltd.
Perlich Real Estate Ltd.
PriceWaterhouseCoopers LLP
Pulse Seismic Inc.
Renfrew Insurance Ltd.
Richardson GMP Limited
River Ridge Centre Developments Ltd.
Roman Catholic Bishop of the Diocese of Calgary
Saskatchewan Minerals Inc.
Savanna Energy Services Corp.
Shaw Communications Inc.
SilverBirch Energy Corporation
Spartan Controls Ltd.
Stavro Melathopoulos Architect Ltd.
Sylmar Investments
TD Bank Financial Group
TD Waterhouse Private Client Services
Teine Energy Ltd.
TELUS Corporation
WA Environmental Services Ltd.
Woodman White & Associates
WorleyParsons
16 WOOD’S HOMES FOUNDATION

April 18, 2011
April 18, 2011
Independent Auditor’s Report Report
PricewaterhouseCoopers LLP
Chartered Accountants
111 5 Avenue SW, Suite 3100
Calgary, Alberta
Canada T2P 5L3
Telephone +1 403 509 7500
Facsimile +1 403 781 1825
To the Directors of
To the Directors of
Wood's Homes Foundation
April Wood's 18, 2011 Homes Foundation
We have audited the accompanying financial statements of Wood's Homes Foundation, which
comprise We have the audited balance the sheet accompanying as at December 31, financial 2010 and statements the of Wood's of operations Homes and fund Foundation, which
Independent balances comprise and the cash Auditor’s balance flows for sheet the Report year as at then December ended, and 31, the 2010 related and notes the including statements a summary of operations of and fund
significant accounting policies.
balances and cash flows for the year then ended, and the related notes including a summary of
To the Directors of
Wood's Management’s significant accounting
Homes responsibility policies.
Foundation for the financial statements
Management is responsible for the preparation and fair presentation of these financial statements in
We
accordance Management’s have audited
with Canadian
the responsibility accompanying
generally accepted for financial the accounting financial statements
principles, statements of Wood's
and
Homes
for such
Foundation,
internal control
which
as
management
comprise Management determines
the balance is responsible is necessary
sheet as at for to
December the enable preparation the preparation
31, 2010 and the fair of financial
statements presentation statements
of operations of these that are financial free from
and fund statements in
material misstatement, whether due to fraud or error.
balances accordance and cash with flows Canadian for the generally year then accepted ended, and accounting the related notes principles, including and a for summary such internal of control as
significant
Auditor’s management responsibility
accounting determines policies. is necessary to enable the preparation of financial statements that are free from
Our material responsibility misstatement, to express whether an opinion due on to these fraud financial or error. statements based on our audit. We
Management’s conducted our audit responsibility in accordance for with the Canadian financial generally statements accepted auditing standards. Those
Management standards Auditor’s require responsibility
is responsible that we comply for the with preparation ethical requirements and fair presentation and plan and perform of these the financial audit to statements obtain in
accordance reasonable assurance with Canadian about whether generally the accepted financial statements accounting are principles, free from material and for such misstatement. internal control as
Our responsibility is to express an opinion on these financial statements based on our audit. We
management determines is necessary to enable the preparation of financial statements that are free from
material An conducted audit misstatement, involves our audit performing in whether accordance procedures due to fraud to with obtain or Canadian error. audit evidence generally about accepted the amounts auditing and disclosures standards. in Those
the standards financial require statements. that The we procedures comply with selected ethical depend requirements on the auditor’s and judgment, plan and including perform the the audit to obtain
Auditor’s assessment reasonable responsibility
of assurance the risks of material about whether misstatement the financial of the financial statements, are whether free from due to material fraud or misstatement.
Our
error.
responsibility
In making those
is to
risk
express
assessments,
an opinion
the auditor
on these
considers
financial
internal
statements
control relevant
based on
to
our
the
audit.
entity’s
We
preparation and fair presentation of the financial statements in order to design audit procedures that are
conducted An audit involves our audit performing accordance procedures with Canadian to obtain generally audit accepted evidence auditing about standards. the amounts Those and disclosures in
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
standards require that we comply with ethical requirements and plan and perform the audit to obtain
of the the financial entity’s internal statements. control. The An audit procedures also includes selected evaluating depend the appropriateness on the auditor’s of accounting judgment, including the
reasonable policies assessment used assurance and of the reasonableness risks about of whether material of the accounting misstatement financial estimates statements of made the are financial by free management, from statements, material as well misstatement. whether as due to fraud or
evaluating error. In making the overall those presentation risk assessments, of the financial the statements. auditor considers internal control relevant to the entity’s
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
preparation and fair presentation of the financial statements in order to design audit procedures that are
the We financial believe that statements. the audit evidence The procedures we have selected obtained in depend our audit on the is sufficient auditor’s and judgment, appropriate including to the
appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness
assessment provide a basis of the for our risks audit of material opinion. misstatement of the financial statements, whether due to fraud or
error. of the In entity’s making internal those risk control. assessments, An audit the auditor also includes considers evaluating internal control the appropriateness relevant to the entity’s of accounting
preparation Opinion policies used and and fair the presentation reasonableness of the financial of accounting statements estimates in order made to design by audit management, procedures as that well are as
appropriate In evaluating our opinion, the the overall financial circumstances, presentation statements but present not of for the fairly, the financial purpose all material statements. of expressing respects, an the opinion financial on position the effectiveness of
of
Wood's
the entity’s
Homes
internal
Foundation
control.
as at December
An audit also
31, 2010
includes
and the
evaluating
results of
the
its
appropriateness
operations and cash
of
flows
accounting
for
the year then ended in accordance with Canadian generally accepted accounting principles.
policies We believe used and that the reasonableness audit evidence of we accounting have obtained estimates in made our audit by management, is sufficient as and well appropriate as to
“PricewaterhouseCoopers” refers to PricewaterhouseCoopers LLP, Ontario limited liability partnership, which is a member firm of
evaluating
PricewaterhouseCoopers provide a the basis overall
International for our presentation audit Limited, opinion.
each
of
member
the financial
firm of which
statements.
is a separate legal entity.
We believe that the audit evidence we have obtained in our audit is sufficient and appropriate to
provide a basis for our audit opinion.
Chartered Accountants
Chartered Accountants
PricewaterhouseCoopers 111 LLP 5 Avenue SW, Suite 3100
Chartered Accountants Calgary, Alberta
111 5 Avenue SW, Suite 3100
Canada T2P 5L3
Calgary, Alberta
Canada T2P 5L3 Telephone +1 403 509 7500
Telephone +1 403 509 Facsimile 7500 +1 403 781 1825
Facsimile +1 403 781 1825
“PricewaterhouseCoopers” refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership, which is a member firm of
PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.
“PricewaterhouseCoopers” refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership, which is a member firm of
PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.
17

The Wood's Homes Foundation
Statement of Financial Position
As at December 31, 2010
Assets
2010 2009
Operating Legacy Capital Restricted
Fund Fund Fund Fund Total Total
$ $ $ $ $ $
Current assets
Cash and cash equivalents 2,453,788 2,453,788 1,566,738
Accounts receivable 7,343 7,343 8,642
Current Portion of Mortgage Receivable 42,632 42,632 208,490
2,503,763 - - - 2,503,763 1,783,870
Investments (Note 4) 15,740 2,255,741 464,750 2,736,231 2,621,880
Capital Assets (Note 5) 664,519 664,519 709,119
Mortgage receivable (Note 6) 100,422 168,750 269,172 144,987
2,619,925 2,255,741 833,269 464,750 6,173,685 5,259,856
Liabilities
Current liabilities
Accounts payable and accrued liabilities 26,545 26,545 31,981
Due to Wood's Homes Society (Note 7) 317,289 317,289 633,115
Due to (from) other funds 512,478 56,789 (578,496) 9,229 - -
856,312 56,789 (578,496) 9,229 343,834 665,096
Due to Wood's Homes Society (Note 7) 390,508 390,508 390,508
Deferred contributions 821,439 821,439 597,025
Fund balances
2,068,259 56,789 (578,496) 9,229 1,555,781 1,652,629
Unrestricted 551,666 168,750 720,416 358,314
Invested in Capital assets 664,519 664,519 709,119
Internally restricted 2,198,952 2,198,952 2,063,814
Externally restricted (Note 8) 578,496 329,965 908,461 350,523
Restricted for endowment (Note 9) 125,556 125,556 125,457
551,666 2,198,952 1,411,765 455,521 4,617,904 3,607,227
2,619,925 2,255,741 833,269 464,750 6,173,685 5,259,856
Signed on behalf of the Board
Director
18 WOOD’S HOMES FOUNDATION
Director

The Wood's Homes Foundation
Statement of operations and fund balances
For the year ended December 31, 2010
2010 2009
Operating Legacy Capital Restricted Total Total
Fund Fund Fund
$ $ $ $ $
Revenue
Contributions 640,179 2,435,915 100 3,076,194 1,323,731
Event revenue 641,313 641,313 508,630
Unrealized gains on investments 5,874 55,776 9,320 70,970 193,774
Investment income 26,342 45,177 - 7,550 79,069 104,433
Rental Income 73,500 73,500 58,925
Dividends on equity investments 3,967 37,672 6,295 47,934 54,048
Realized gains on investments 1,293 12,280 2,052 15,625 49,542
Other income 15,101 15,101 15,129
1,407,569 150,905 2,435,915 25,317 4,019,706 2,308,212
Expenses
Event expenses 196,177 196,177 215,245
General and administrative 71,264 15,767 - 2,618 89,649 100,752
Salaries and wages 346,658 346,658 262,981
Consultants 52,267 52,267 36,493
Amortization 44,600 44,600 44,600
Facility expenses 27,274 27,274 15,578
Advertising and promotion 10,486 10,486 10,491
Education 2,244 2,244 -
Perry crisis assistance 1,200 1,200 -
704,126 15,767 44,600 6,062 770,555 686,140
Excess of revenue over expenses 703,443 135,138 2,391,315 19,255 3,249,151 1,622,072
before the following
Distribution of funds to Wood's Homes Society 341,341 - 1,897,133 - 2,238,474 2,846,302
Excess (deficiency) of revenue over expenses 362,102 135,138 494,182 19,255 1,010,677 (1,224,230)
Fund balances - beginning of year
189,564 2,063,814 917,583 436,266 3,607,227 4,831,457
Fund balances - end of year 551,666 2,198,952 1,411,765 455,521 4,617,904 3,607,227
19

The Wood's Homes Foundation
Statement of cash flows
For the year ended December 31, 2010
2010 2009
Total
Total
$ $
Operating activities
Excess (deficiency) of revenue over expenses 1,010,677 (1,224,230)
Items not affecting cash
Unrealized capital gains on investments (70,970) (193,774)
Donated Investments (1,194,727) (366,003)
Amortization 44,600 44,600
(210,420) (1,739,407)
Net change in non-cash working capital affecting operations 220,277 344,219
9,857 (1,395,188)
Investing activities
Change in investments 1,151,346 3,968,513
Payments on mortgage receivable 41,673 40,152
Purchase of capital assets - (533,195)
1,193,019 3,475,470
Financing activities
Decrease in Due to Wood's Homes Society (315,826) (748,618)
(315,826) (748,618)
Increase in cash and cash equivalents 887,050 1,331,664
Cash and cash equivalents - Beginning of year 1,566,738 235,074
Cash and cash equivalents - End of year 2,453,788 1,566,738
20 WOOD’S HOMES FOUNDATION

Notes to the Financial Statement
1. Nature of the organization
Wood's Christian Homes Endowment Fund Trust was established on April 24, 1990 as a public
foundation with funds contributed by Wood’s Homes Society (“Wood’s”). On November 6, 2000 the Trust
was restructured as a not-for-profit corporation under the name The Wood’s Homes Foundation (the
“Foundation”). The purpose of the Foundation is to advance the mission, goals and objectives of the
Wood’s Homes Society.
The Foundation has been registered as a charity under the Canadian Income Tax Act.
2. Accounting policies
Revenue recognition
The Foundation follows the restricted fund method of accounting for contributions.
Under the restricted fund method of accounting for contributions, restricted contributions are recognized
as revenue of the appropriate restricted fund, or if no appropriate restricted fund exists, they are
recognized in the Operating Fund using the deferral method of accounting. Unrestricted contributions are
recognized as revenue of the Operating Fund when received or receivable if the amount to be received
can be reasonably estimated and collection is reasonably assured. Restricted investment income is
recognized as revenue in the fund in which it is earned. Unrestricted investment income is recognized as
revenue in the Operating Fund.
Fund accounting
The Operating Fund reports the administrative and fundraising activities of the Foundation, including
unrestricted contributions. This fund uses the deferral method of accounting for contributions.
The Legacy Fund reflects transactions and balances related to amounts set apart from operations for the
purpose of growth. This fund uses the deferral method of accounting for contributions.
The Capital Fund reports transactions and balances related to the Foundation’s capital activity. This fund
uses the restricted fund method of accounting for contributions.
The Restricted Fund reflects transactions and balances related to the Foundation’s endowment funds and
other externally restricted contributions. This fund uses the restricted fund method of accounting for
contributions.
Use of estimates
The financial statements of the Foundation have been prepared in accordance with Canadian generally
accepted accounting principles which require management to make assumptions and estimates that
affect the reported amount of assets, liabilities, revenues and expenses. Actual amounts could differ from
those estimates.
Investments
In accordance with the provisions of CICA Handbook section 3855, the Foundation carries its investments
at market value. The Foundations investments are designated as held for trading and accordingly
unrealized gains or losses on investments are reflected in the statement of operations as revenue.
21

Capital assets
Capital assets are recorded at cost. Donated capital assets are recorded at fair value at the date of
contribution to the extent that fair value can be reasonably estimated. Amortization on buildings is
recorded using the straight-line method over 40 years. Software is amortized on a straight line basis over
a period of three years beginning with the year the software is put into use.
Cash and cash equivalents
Cash and cash equivalents include cash and short-term investments that are highly liquid and are readily
convertible to known amounts of cash and are subject to insignificant risk of change in value.
Financial Instruments
The Foundation has chosen to follow the disclosure requirements of CICA Handbook Section 3861,
instead of the new expanded rules set out in Section 3862 and 3863, in keeping with the options provided
by Handbook Section 3862.43(c) and 3863.40(c).
The Foundation's financial instruments recognized in the statement of financial position consist of cash
and cash equivalents, investments, accounts receivable, due to Wood’s Homes Society, mortgage
receivable and accounts payable and accrued liabilities.
Subsequent measurement of the financial instruments is based on their classification. Financial loans and
receivables and other financial liabilities are measured at cost or amortized cost. Investments are
measured at fair market value with unrealized gains or losses recognized directly in the statement of
operations.
Financial Instruments are initially recognized at fair value on the balance sheet.
The Foundation has classified each financial instrument into the following categories:
Category
Loans and receivables
Held for trading
Financial liabilities
Comparative figures
Financial Instrument
Accounts receivable and Mortgage receivable
Investments and Cash and cash equivalents
Accounts payable and accrued liabilities,
Due to Wood's Homes Society
Comparative figures from the previous year have been adjusted to agree with the current format.
3. Capital disclosures
The Foundation defines its capital as the amounts included in its Fund Balances.
The Foundation’s objective when managing its capital is to safeguard the Foundation’s ability to continue
as a going concern so that it can continue to provide the appropriate level of benefits and services to its
beneficiaries and its stakeholders.
A portion of the Foundation’s capital is restricted in that the organization is required to meet certain
requirements in order to utilize its externally restricted fund balances, as described in Note 9. The
Foundation has internal control processes to ensure that the restrictions are met prior to the utilization of
these resources and has been in compliance with these restrictions throughout the year.
22
The Foundation sets the amount of fund balances in proportion to risk, manages the fund structure and
makes adjustments to it in light of changes in economic conditions and the risk characteristics of the
underlying assets.

4. Investments
The Foundation’s investments are professionally managed by an independent investment manager.
Investments are comprised of the following:
2010 2009
$ % $ %
Government certificates / bonds 1,229,374 44.9 1,161,613 44.3
Equities 1,506,857 55.1 1,456,110 55.5
Other - - 4,157 0.2
2,736,231 100.0 2,621,880 100.0
5. Capital Assets
2010 2009
Accumulated
Cost amortization Net Net
$ $ $ $
Land 59,230 - 59,230 59,230
Buildings 624,223 47,937 576,286 591,883
Software 87,009 58,006 29,003 58,006
770,462 105,943 664,519 709,119
6. Mortgage receivable
The Foundation has two mortgage receivables:
1) A community home owned by Wood’s Homes Society. It carried a mortgage receivable of
$168,750 bearing interest at an annual rate of 8.25%. Interest only was receivable monthly.
During the year the mortgage was renegotiated to mature January 20, 2015.
2) A multipurpose building owned by Parkland Youth Homes. The mortgage receivable of $292,314
was acquired by the Foundation from Wood’s Homes Society in April of 2007. It bears interest at
an annual rate of 3% with interest and principal payments of $3,862 due monthly. The current
balance on the mortgage is $143,054 and matures March 10, 2013.
7. Related party transactions
During the year, the Foundation recorded the following transactions with Wood’s:
a) Received investment revenue of $13,922 (2009-$13,922) relating to a mortgage on a community
home owned by Wood’s and $73,500 (2009-$58,925) of rental income from a property;
b) Contributed $2,238,474 (2009 – $2,846,302) to Wood’s to advance the mission, goals and
objectives of the agency.
c) Recorded $120,000 (2009 - $120,000) to Wood’s Homes Society for administrative and other
salaries provided to Foundation.
Current amounts due to/from Wood’s Homes Society are non-interest bearing and due on demand. The
long-term amount due to Wood’s Homes Society is non-interest bearing with no repayment terms.
23

8. Externally restricted fund balances
2010 2009
$ $
Capital fund
Capital campaign 578,496 39,714
Restricted fund
Endowment Fund Earnings 14,817 9,120
Taylor Educational Fund 273,519 258,861
Perry Crisis / Opportunity Fund 24,745 25,945
Therapyship Fund 12,035 12,035
Orphaned Policy Fund 4,848 4,848
908,460 350,523
Endowment Fund Earnings are composed of the accumulated investment income on endowment funds
(Note 9) that is restricted for distribution.
The Taylor Educational Fund, including related capital growth and investment income earned was
transferred from Wood’s on March 31, 2004 and is restricted to further the education of past and present
residents of Wood’s Homes. During the year, this fund distributed $2,244 (2009-nil).
The Dr. Philip Perry Crisis/Opportunity Fund was transferred from Wood’s on March 31, 2004 and is a
resource for individuals closely associated with Wood’s Homes who find themselves in critical economic
circumstances that threaten their career stability or continuation in a treatment program. During the year,
this fund distributed $1,200 (2009 – $nil).
The Therapyship Fund was established in 2004 to support the therapy and counselling program of the
Eastside Family Centre. No amounts were distributed from this Fund in 2010 (2009 – $nil).
The Orphaned Policy Fund is restricted for the purpose of funding insurance premiums as required.
During the year the fund distributed $nil (2009-$nil).
9. Restricted for Endowment
Funds restricted for endowment purposes are subject to externally imposed restrictions stipulating that
the resources be maintained in perpetuity.
2010 2009
$ $
Terry Steward – Lend a Hand Fund 7,059 7,059
Calgary Club Educational Opportunities Fund 22,455 22,355
Career/Vocational Advancement Fund 28,406 28,406
Family Office Foundation Fund 5,783 5,783
Sports/Recreation Fund 4,649 4,649
Arts/Music 8,650 8,650
General Endowment 48,555 48,555
125,557 125,457
24 WOOD’S HOMES FOUNDATION

10. Commitments
The Foundation is committed to an annual rent of $12,000 and administrative support fees of $126,000 to
Wood’s Homes Society until the year ending December 31, 2011.
11. Financial Instruments
The fair value of these financial instruments, excluding investments, mortgage receivable and due to
Wood’s, approximates their carrying amount due to the short-term nature of these instruments.
Investments are accounted for at fair market value. At December 31, 2010, the fair value of the mortgage
receivables, using prime rate, was approximately $286,328 (2009 – $299,684). The fair value of due to
Wood’s Homes Society approximates its carrying amount as the liability, which has no repayment terms,
is deemed to be due on demand for this determination.
Credit and interest risk
The Foundation is not exposed to undue credit or interest rate risk.
Price risk
The investments of the Foundation are subject to price risk because changing interest rates impact the
market value of the fixed rate investments, general economic conditions affect the market value of equity
investments and currency exchange rate changes impact the market value of the investments
denominated in currencies other than the Canadian dollar.
The risk is mitigated through the use of an investment manager for the long term portfolio investments
and by investing other funds in short term fixed rate products with high credit ratings.
Liquidity Risk
The Foundation uses an investment manager for the investments it plans to hold for a long period of time.
These investments are subject to liquidity risk if the Foundation is required to sell at a time that the market
for the investments is unfavourable.
12. Fund-raising expenses
Section 7(2) of the Charitable Fund-raising Act of Alberta requires the Foundation to disclose the
expenses incurred for the purposes of soliciting contributions. During the year Foundation incurred
$213,034 (2009-$134,668) of direct fundraising expenditures including $101,997 (2009 - $57,351) paid as
remuneration to employees whose principal duties include fund-raising.
25

2010 Donation Summary
2010 Capital Donation Sources
Grants 184,085
Foundation/Service Clubs 100,000
Corporate 1,260,701
Individuals 891,129
Total Capital Donations $2,435,915
Individuals
37%
Grants
7%
Foundation/
Service Clubs
4%
Corporate
52%
2010 Program Donations
Community Service $1,596
Residential 31,664
School & Recreation 11,543
Youth Shelters 200,788
Undesignated 394,588
Total Program Donations $640,179
Undesignated
62%
Community
Service
0%
Residential
5%
School &
Recreation
2%
Youth Shelters
31%
26 WOOD’S HOMES FOUNDATION

Board of Directors
TERRY COTTON
Board Chair
PAM KAZEIL NEIL GREGORY KERRY LYONS
ERNESTO KAPITZA
ROBERT HAYES KEVIN SCREPNECHUK TERRY SCHMALTZ
We never say no. We never give up. We never turn anyone away.
27

WOOD’S HOMES FOUNDATION
805 37 St. N.W. Calgary, AB T2N 4N8
www.woodshomes.ca
403.270.1718