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Financial Statements heart AND STROKE FOUNDATION CANADIAN PARTNERSHIP FOR STROKE RECOVERY Year ended March 31, 2016KPMG LLP Suite 1800 150 Elgin Street Ottawa ON K2P 2P8 CanadaTelephone (613) 212KPMG
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The Royal Ottawa Foundation for Mental Health is a charitable organization that focuses on improving mental health services and advancing mental health research in Ottawa. Its financials entail the reporting of its income, expenditures, and fiscal health to ensure transparency and accountability.
The Royal Ottawa Foundation, like other charitable organizations in Canada, is required to file financial statements with the Canada Revenue Agency (CRA) to maintain its registered charity status and ensure compliance with charitable regulations.
Filling out the Royal Ottawa Foundation financials typically involves gathering accurate financial data, including income sources, expenditures, and assets. This information is then summarized in financial statements such as balance sheets and income statements, which can be submitted to CRA using the appropriate forms.
The purpose of the Royal Ottawa Foundation financial reports is to provide transparency regarding its financial performance, demonstrate accountability to donors and stakeholders, and ensure compliance with legal and regulatory frameworks governing charitable organizations.
Information that must be reported includes total revenue, expenditures, net assets, contribution details, program expenses, and any other financial activities that reflect the foundation's fiscal position during the reporting period.
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