2024 Annual Report

More firsts made possible

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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