Financial Statements
Financial Position
Some of the donations collected by Humanity First Canada are Restricted Funds by donors, where these funds are tied to a specific project or purpose and not available for the general purposes of the organization.
We heavily rely on volunteer participation. Countless hours are spent by volunteers performing various charitable activities; however, the volunteer hours are not included in the financial statements. This is because of the difficulty in accurately calculating the time spent by volunteers and the challenge of converting this time into exact dollar figures.
Accountability and Oversight
The audited financial statements of Humanity First Canada have been prepared in accordance with generally accepted Canadian accounting principles for not-for-profit organizations established by the Accounting Standards Board of Canada. The Board of Humanity First Canada approves an annual operating plan and budget and receives reports from management on a six-month basis. Additionally, the Audit and Finance Committee of the Board – composed of volunteers with expertise in finance, accounting, and risk management – meets with management every six months to monitor the external audit, financial performance, and internal control environment of the organization. Enterprise risks and related mitigation strategies of Humanity First Canada are reviewed every six months, as needed, and are examined by the Committee.
Additionally, Humanity First has been further enhancing its incident reporting, compliance, quality oversight, and internal investigation capacities.
Become part of something extraordinary! By volunteering with Humanity First, you’ll directly impact lives, spreading kindness and resilience. Together, we’ll create a ripple of change that echoes across communities and generations.
Our Mission
Join the Movement: Be the Change with Humanity First
12,000
Volunteers
25,397
House Holds Served
$ 1,95,2340
Plates Filled