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2023-2024 Annual Impact Report
20
Financial statements 2023-2024
On May 29, 2024, our independent auditors, Ernst & Young LLP, issued an unqualified audit report on the financial statements of Calgary Health Foundation for the year ended March 31, 2024. The 2023-2024 audited financial statements, including the independent auditors’ report thereon, are available on the Calgary Health Foundation website (givehealth.ca/reporting2024) or by contacting the Calgary Health Foundation office at (403) 943-0615. The following information summarizes the financial position and the operations and changes in fund balances for Calgary Health Foundation for the year ended March 31, 2024.
Calgary Health Foundation SUMMARY OF FINANCIAL POSITION As at March 31
2024 $
2023 $
Assets Cash
85,016,128
85,755,285
Accounts receivable
481,661
5,758,119
Prepaid expenses
1,507,963
1,659,480
Investments – at market value
96,243,340
106,729,608
Other assets
2,280,683
2,156,068
202,058,560
185,529,775
Liabilities Accounts payable & accrued liabilities
2,511,118
2,868,412
Charitable disbursements payable
747,215
982,574
Deferred revenue – lotteries and events
14,225,036
16,556,637
20,407,623
17,483,369
Fund balances Operating fund
22,160,151
22,324,082
Restricted fund
111,705,413
118,957,645
Endowment fund
33,634,590
32,766,110
174,047,837
167,500,154
Accumulated remeasurement gains
546,252
7,603,100
202,058,560
185,529,775
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