Compiliations (prev. Notice to Readers)
With & Without Notes to Financial Statements
Compiled Financial Statements (previously also known as notice to reader engagements) are financial statements that are compiled on the basis of information provided by the management of the company.
This form of financial statement is typically used when the main user of the financial statements is the government, as an attachment to the corporate income tax returns.
Fees start at $2,000 with non-profits receiving a 10% reduction in fees
Reviewed Financial Statements
A review engagement is conducted to provide limited assurance (negative assurance) that nothing has come to the attention of the accountant that causes them to believe that the financial statements are not fairly presented. This requires more work than a compilation and is, therefore, more expensive. This type of engagement is often required for a significant bank loan or inactive shareholders.
A review differs slightly from an audit and provides less assurance than an audit as no audit procedures are performed. Instead, a series of analytical procedures and inquiries are performed. The procedures provide a better understanding of key relationships among certain numbers and financial situations which provides assurance about the plausibleness of the financial condition presented in the financial statements.
Fees start at $5,000
CURRENT DRIVES & DONATIONS
WE ARE GETTING READY FOR OUR ANNUAL TAX SEASON FOODBANK DRIVE! This drive runs February through April each year. We accept non-perishable food, toiletries and cash and then match the donations!
Come check us out at our new location: 479 Winnipeg Street or cheque out the foundation's website www.lhrcommunityfoundation.ca
We are still accepting new backpacks, thermoses, lunch kits, water bottles, shoes, t-shirts and school supplies for our 'Fill-A-Backpack' program. Our official launch of this program was extremely successful, beating our target of 50 backpacks and hitting 75! The backpacks were disbursed to local families and school to help families with the cost of going back to school.
We are looking to expand the program to ensure families have access all year.
If you would like to donate or sponsor OR if you know a family that could use our help please contact us at: firstname.lastname@example.org
3RD ANNUAL TOY & PJ DRIVE
WITH YOUR HELP, WE PROVIDED 16 FAMILIES WITH FULL CHRISTMAS HAMPERS INCLUDING GIFTS FOR ALL FAMILY MEMBERS AND GIFT CERTIFICATES FOR FOOD.
IN ADDITION WE WERE ALSO ABLE TO PROVIDE INDIVIDUAL ITEMS TO OTHER INDIVIDUALS AND ORGANIZATIONS WITHIN OUR COMMUNITY.