A Better Winnipeg Together

Financial Statements
37
REPORT OF THE INDEPENDENT AUDITOR ON
THE SUMMARY FINANCIAL STATEMENTS
To the Members, United Way of Winnipeg
The accompanying summary financial statements, which
comprise the summarized balance sheet as at March 31, 2016
and the summarized statement of community and operating
activities and changes in fund balances for the year then ended,
are derived from the audited financial statements of United Way
of Winnipeg (the “Organization”) for the year ended March
31, 2016. We expressed an unmodified audit opinion on the
financial statements in our report dated May 30, 2016. The
financial statements, and the summary financial statements, do
not reflect the effects of events that occurred subsequent to the
date of our report on those financial statements.
The summary financial statements do not contain all the
disclosures required by Canadian generally accepted
accounting principles. Reading the summary financial
statements, therefore, is not a substitute for reading the
audited financial statements of the Organization.
Management’s Responsibility for the Summary Financial
Statements
Management is responsible for the preparation of a summary
of the audited financial statements.
Auditor’s Responsibility
Our responsibility is to express an opinion on the summary
financial statements based on our procedures, which were
conducted in accordance with Canadian Auditing Standard
810, Engagements to Report on Summary Financial
Statements.
BALANCE SHEET
March 31, 2016
ASSETS
Approved on Behalf of the Board of Trustees
2016 2015
Cash and Investments $31,624,076 $31,984,104
Pledges Receivable 10,769,972 10,885,424
Capital Assets 8,988,005 9,137,109
LIABILITIES
$51,382,053 $52,006,637
Accounts Payable and Accrued Liabilities $1,280,525 $1,394,025
Mortgage Payable 1,550,870 1,714,347
Deferred Contributions 1,375,305 1,006,945
Other Liabilities 1,684,508 1,561,661
FUND BALANCES
$5,891,208 $5,676,978
Community Fund $20,918,180 $20,637,545
Operating Fund 325,836 364,268
Capital Assets Fund 7,134,989 7,284,093
Tomorrow Fund 12,866,381 12,268,005
Stabilization Fund 4,080,459 5,635,748
Building Fund 165,000 140,000
45,490,845 46,329,659
$51,382,053 $52,006,637
EFFICIENT & EFFECTIVE ORGANIZATION
Opinion
In our opinion, the summary financial statements derived
from the audited financial statements of the Organization for
the year ended March 31, 2016 are consistent, in all material
respects, with the financial statements, in accordance with the
Canadian Auditing Standard 810, Engagements to Report on
Summary Financial Statements.
Chartered Accountants
Herb Peters, Chairperson
Stefan Kristjanson, Treasurer
Winnipeg, Manitoba
June 1, 2016
UNITED WAY WINNIPEG ANNUAL REPORT 2015–16