1. Annual General Meeting
June 7, 2011
Toronto, Ontario

2. 2011 Annual General Meeting
Financial Statements
to December 31, 2010
Presentation to the
2011 Annual General Meeting

3. Auditors’ Report Standard letter
As in past years, the auditors included a a qualification related to donation revenues, which are impossible to verify completely.
Apart from that, the financial statements fairly present CCEDNet’s financial position at Dec. 31, 2010

4. STATEMENT OF OPERATIONS
AS AT DECEMBER 31, 2010
REVENUE
2010
2009
Government Contributions
$ ,743
$ ,429,561
Community/Charitable Sector
401,221
391,469
Event and Other Revenue
307,746
209,562
Memberships
53,098
60,242
$ ,704,808
$ ,090,834

5. EXPENSES: Schedule A - Project costs (excluding staff costs)
2010
2009
Intern wages and benefits
$ ,481
$ ,411
Contractors
238,551
299,462
Advertising and design
6,199
6,326
Project partner fees
78,301
42,000
Credit card and processing fees
2,486
431
Communication
19,087
28,745
Materials and supplies
9,839
8,995
Office, meeting rooms and equipment rental
34,162
9,261
Translation
16,617
13,388
Travel and meals
117,843
220,714
$ ,566
$ ,733

6. EXPENSES: Schedule B - Board, Committees and Members
2010
2009
Meeting, Travel and meals
$ ,297
$ ,806
Subscriptions
4,588
11,069
Total
$ ,885
$ ,875
EXPENSES: Schedule C - Staff Costs
2010
2009
Wages and Benefits
$ ,751
$ ,500

7. EXPENSES: Schedule D - Administration
2010
2009
Advertising and promotion
$        693
$     2,153
Bank charges and online transaction cost
8,369
9,388
Communications
8,218
13,905
Insurance
4,227
3,161
Internet
11,802
8,693
Membership dues -
1,488
Equipment related cost
17,037
13,303
Office
13,727
36,662
Professional services
40,084
23,192
Rent
35,227
82,381
Translation
1,665
$ ,049
$ ,326
Amortization
6,989
10,620
$ ,038
$ ,946
NET INCOME $ (25,432) $ 30,780

8. STATEMENT OF FINANCIAL POSITION
AS AT DECEMBER 31, 2010
ASSETS
2010
2009
Current
Bank
$ ,907
$ ,734
Accounts receivable
195,456
297,290
Prepaid expenses
6,915
12,453
449,278
361,477
Capital Assets (Note 5)
15,284
23,905
TOTAL ASSETS
$ ,562
$ ,382

9. STATEMENT OF FINANCIAL POSITION
AS AT DECEMBER 31, 2010
2010
2009
LIABILITIES
Current
Accounts payable
103,241
101,123
Deferred revenue and contribution (Note 8) $
$ 164,976
370,711
266,099

10. STATEMENT OF FINANCIAL POSITION
AS AT DECEMBER 31, 2010
2010
2009
NET ASSETS
Invested in Capital Assets
Unrestricted
Restricted
$ 15,284
28,567
50,000
93,851
$ 23,905
45,378
119,283
TOTAL LIABILITIES AND NET ASSETS
$ 464,562
$ 385,382

11. NOTE 5: CAPITAL ASSETS Description Cost Accumulated Amortization 2010
Net Book Value
2009
Computer equipment
$ 32,360
$ 27,146
$ 5,214
$ 9,481
Furniture & equipment
43,124
33,054
10,070
14,424
$ 75,484
$ 60,200
$ 15,284
$ 23,905

12. Internally Restricted Net Assets
The Board of Directors of the organization has restricted $50,000 of net assets for a reserve equal to approximately three months of non-project fixed operating costs. The net assets are not available for any other purpose without prior approval of the Board.

13. STATEMENT OF CHANGES IN NET ASSETS
AS AT DECEMBER 31, 2010
Invested in
Capital Assets
Unrestricted
Restricted
2010
2009
Balance, beginning of year
$ 23,905
$ 45,378
$ 50,000
$ 119,283
$ 88,503
Surplus (deficiency) of revenue over expenses
(6,989)
(18,443) -
(25,432)
30,780
Investment in capital assets
(1,632)
1,632
Balance, end of year
$ 15,284
$ 28,567
$ 93,851

14. Revenues and Expenses

15. Thank You C’est maintenant à vous la parole !
Si vous avez des questions ou des commentaires, n’hésitez-pas!

16. Annual General Meeting
June 7, 2011
Toronto, Ontario