Page 11 - CLH Foundation - Annual Report - 2024-2025
P. 11

2025                                                                                                 2024





             Revenues                                                                                             Revenues


             Fundraising                                               $153,859                                   Fundraising                                               $47,214*
             Donations                                                 $116,925                                   Rental Income                                             $36,000
             Investment income                                          $93,078                                   Donations                                                 $80,444
             Grants                                                     $37,477                                   Grants                                                    $24,566
             Rental income                                             $36,000                                    Amortization of deferred capital contributions             $8,382
             TAY & Teen Camp contributions                              $13,492                                   TAY & Teen Camp contributions                               $7,142
             Amortization of deferred capital contributions              $8,382                                   Investment income                                          $39,761
                                                              $459,213                                                                                            $243,509


             Expenses                                                                                             Expenses



             Fundraising                                                $40,736                                   Fundraising Expenses                                       $7,660
             Professional fees                                          $27,033                                   Amortization of buildings                                  $18,899
             Advertising and promotion                                  $21,775                                   Advertising and promotion                                 $30,570
             Amortization of buildings                                  $18,899                                   Professional fees                                         $23,062
             Contracted services                                        $17,714                                   Office                                                     $8,856
             Office                                                      $8,930                                   Rent and utilities                                         $5,969
             Bank charges and other fees                                $2,655                                    Contract service                                                -
             Training                                                   $1,820                                    Interest and bank charges                                   $1,986
             Rent and utilities                                          $1,253                                   Training                                                    $2,551
             Insurance                                                    $500                                    Insurance                                                   $500
                                                               $141,315                                                                                           $100,053



             EXCESS OF REVENUES OVER EXPENSES                          $317,898                                   EXCESS OF REVENUES OVER EXPENSES                         $143,456
             BEFORE THE FOLLOWING                                                                                 BEFORE THE FOLLOWING


             Contributions to CLH Development Support Services        $(157,996)                                  Contributions to CLH Developmental Support Services (note 2)  $(216,720)
             Program expenses (Foundation for Success and Bridging the Gap)   $(32,527)                           Program Expenses (Foundation for Success and Bridging the Gap)  $(2,384)




             Excess of                                                                                            Deficiency of
             Revenues Over Expenses                            $127,375                                           Revenues Over Expenses                          $(75,648)


                                                                                                          *The annual Red Carpet Event did not take place in fiscal 2024. It has moved from its traditional February date to a new place on the calendar: April.
 A copy of the full audited Financial Statements                                                          1 An additional $82,597 raised for programming support is being held in deferred revenue and will be used to fuel CLH programs in 2024-2025
 is available from CLH Foundation upon request.                                                           2 Not reflected in these financial statements is a $150,000 Ontario Trillium Foundation Capital Grant secured by CLHF on behalf of CLH Developmental
                                                                                                          Support Services in October 2023 to transform the Kitchen at Olive into a fully accessible, commercial, training facility.
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