Pacific Coast Council Annual Report 2011 - 2012 - Scouts Canada

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To the Members of Scouts Canada – Pacific Coast Council Auditor`s Report I have audited the statement of financial position of Scouts Canada – Pacific Coast Council as at August 31, 2012, and the statements of operations, changes in fund assets, and cash flow for the year then ended, and a summary of significant accounting policies and other explanatory information. Management’s responsibility for the financial statements Management is responsible for the preparation and fair presentation of these financial statements in accordance with Canadian accounting standards for not-for-profit organizations, and for such internal control as management determines is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor’s responsibility My responsibility is to express an opinion on these financial statements based on my audit. I conducted my audit in accordance with Canadian generally accepted auditing standards. Those standards require that I comply with ethical requirements and plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selecteddependonthe auditor’s judgment, includingthe assessmentofthe risksof material misstatementofthefinancial statements, whetherdue to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion Opinion In my opinion, these financial statements present fairly, in all material respects, the financial position of the Council as at August 31, 2012 and the results of its operations and cash flow for the year then ended in accordance with Canadian accounting standards for not-for-profit organizations. Alnoor Jeraj & Associates, Burnaby, November 08, 2012 Certified General Accountant Scouts Canada - Pacific Coast Council Statement of Financial Position August 31, 2012 ASSETS 6 Pacific Coast Council 2011-2012 Annual Report Operating Fund Community Gaming Grant Camp Byng Development Fund Restricted Funds Capital Asset Fund 2012 2011 Current Assets Cash and temporary investments $ 910 $ 1,000 $ - $ 214 $ - $ 2,124 $ 78,715 Accounts receivable 29,474 29,474 54,161 Inventory of supplies at Camp Byng 1,711 1,711 1,691 Prepaid expenses 15,102 15,102 16,343 Current portion of long term receivables 5,500 5,500 5,500 52,697 1,000 - 214 - 53,911 156,410 Investments (Note 4) 839,787 1,775,385 2,615,172 3,051,907 Long term receivable (Note 3) 27,500 27,500 33,000 Due to / from BCY Operations Centre 558,566 558,566 Interfund balances 53,382 439,839 ( 493,221) - Capital assets (Note 5) 6 6 6 $ 1,531,932 $ 1,000 $ 439,839 $ 1,282,378 $ 6 $ 3,255,155 $ 3,241,323 LIABILITIES AND FUND BALANCES Current Liabilities Accounts payable and accrued liabilities 37,030 37,030 34,411 Due to BCY Operations Centre - - 250,567 Due to PJ 2011 - - 419,915 Grants from United Way 122,074 122,074 93,278 Membership registrations received in advance 291,200 291,200 304,055 450,304 450,304 1,102,225 Employee future benefits payable (Note 6) 61,953 61,953 91,244 Fund balances 1,019,675 1,000 439,839 1,282,378 6 2,742,898 2,047,854 $ 1,531,932 $ 1,000 $ 439,839 $ 1,282,378 $ 6 $ 3,255,155 $ 3,241,323 -
Scouts Canada - Pacific Coast Council Statement of Operations and Changes in Fund Balances Year ended August 31, 2012 Operating Fund REVENUES Community Gaming Grant Camp Byng Development Fund Restricted Funds Capital Asset Fund 2012 2011 Membership registrations $ 478,573 $ - $ - $ - $ - $ 478,573 $ 478,583 Schools and Scouting 10,300 10,300 90,092 Community Gaming grant - 70,000 70,000 70,000 United Way of the Lower Mainland 132,774 132,774 139,101 City of Burnaby Community grant 5,000 5,000 5,000 Donations 7,548 350 17,719 25,617 25,079 Fundraising 192,353 23,661 7,000 223,014 248,132 Camp rentals 59,584 26,962 86,546 93,546 Youth events 127,955 19,424 147,379 50,740 Training fees 1,860 784 2,644 7,650 Income from Vancouver Foundation funds 24,249 24,249 17,849 Investment income 12,032 12,032 11,293 PJ 2011 - 38,000 182,701 220,701 233,936 Revenue sharing - - 9,721 Miscellaneous 26,031 507,637 133,627 667,295 28,460 EXPENSES 1,078,258 70,000 570,432 387,433 - 2,106,123 1,509,182 National membership fees 253,301 253,301 271,780 Staff salaries and employee benefits 203,755 203,755 204,047 Camp operations 99,844 288,838 12,672 401,353 248,203 Schools and Scouting 9,713 9,713 83,629 Fundraising 191,047 191,047 207,035 Youth activities 56,880 70,000 25,414 152,294 68,442 Area expenses 10,432 2,800 13,232 15,126 Meetings and travel 56,668 809 57,477 55,727 Communications and promotion 8,656 8,656 14,579 Training 13,337 13,337 21,704 Professional fees 5,824 5,824 7,485 Share of expenses of BCY Operations Centre 175,902 175,902 145,503 Office and miscellaneous 4,502 4,502 27,430 Advance to PJ'11 - - 178,936 Bad debts - - 4,375 Other expenses 33,272 33,272 - 1,089,861 70,000 288,838 74,967 - 1,523,665 1,554,002 Excess (Deficiency) of Revenues Over Expenses ( 11,603) - 281,595 312,466 - 582,458 -44,820 Transfer of restricted fund balances 30,000 100,000 ( 130,000) - - Fund balance, beginning of year 329,731 1,000 58,244 1,099,912 6 1,488,893 1,533,712 Revaluation of investments (Note 2 (c)) 671,547 671,547 558,962 Fund balance, end of year $ 1,019,675 $ 1,000 $ 439,839 $ 1,282,378 $ 6 Please contact Scouts Canada - BCY Service Centre for the complete financial statements $ 2,742,898 $ 2,047,854 2011-2012 Annual Report Pacific Coast Council 7
Page 1 and 2: It starts with Scouts. Tout commenc
Page 3 and 4: The 2011-2012 Scouting year was a y
Page 5: Our properties are well-managed by
Page 9 and 10: Leadership Team Council Commissione
Page 11 and 12: Duke of Edinburgh’s Award Bronze
Page 13 and 14: Bar to the Silver Acorn William Bak
Page 15 and 16: Schools and Scouting in Pacific Coa

Pacific Coast Council Annual Report 2011 - 2012 - Scouts Canada

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