A message from the Executive Director by David Barth Fiscal 2011 was another year of rebuilding for World Accord. In the fall, we hired Denise Wamsley. Her job is to handle everything with regards to events coordination. She will design and create events, find sponsors, recruit and train volunteers, get the media involved and then actually run the events. This is a lot to ask of any one person but Denise is a ball of energy and enthusiasm and is really connected with the local community here in Kitchener-Waterloo. She is charged with creating our first event to venture into our local community. We have been here for 25 years and most people have never heard of World Accord. As a part of our diversification plans that is about to change. Nelson has been busy in his first full year with us. The Canada Revenue Agency has been tightening up their rules and regulations for organizations that send money out of the country–organizations like World Accord. While we were updating our agreements with field partners, we made changes to the nature of those agreements to abide by the new rules. There was a tremendous amount of work creating these new agreements to be in compliance and in working with our Our mission World Accord brings people together. Affirming the sacred worth and dignity of each person, we respond as partners to opportunities that nurture the basic well-being of all. Our vision We have a vision of world accord – the flourishing of well-being for all where: basic human needs are met every person has the opportunity to fulfill their potential diverse people live peacefully in global community care of earth and love of neighbour shape our life together Annual Report 2011 Connued on pg. 2
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A message from the Executive Director
by David Barth
Fiscal 2011 was another year of rebuilding for World Accord. In the
fall, we hired Denise Wamsley. Her job is to handle everything with
regards to events coordination. She will design and create events, find
sponsors, recruit and train volunteers, get the media involved and
then actually run the events. This is a lot to ask of any one person but
Denise is a ball of energy and enthusiasm and is really connected with
the local community here in Kitchener-Waterloo. She is charged with
creating our first event to venture into our local community. We have
been here for 25 years and most people have never heard of World
Accord. As a part of our diversification plans that is about to change.
Nelson has been busy in his first full year with us. The Canada
Revenue Agency has been tightening up their rules and regulations for
organizations that send money out of the country–organizations like
World Accord. While we were updating our agreements with field
partners, we made changes to the nature of those agreements to abide
by the new rules. There was a tremendous amount of work creating
these new agreements to be in compliance and in working with our
Our mission
World Accord brings people together.
Affirming the sacred worth and dignity
of each person, we respond as partners
to opportunities that nurture the basic
well-being of all.
Our vision
We have a vision of world accord – the
flourishing of well-being for all where:
basic human needs are met
every person has the opportunity to
fulfill their potential
diverse people live peacefully in global
community
care of earth and love of neighbour
shape our life together
Annual Report 2011
Continued on pg. 2
India
Partner: CORDI Women's Shelter
Sources of Funding: World Accord Donors & World Hunger Fund
2011 programming included $33,000 in support of Gender & Development,
Education, Community Building and Health initiatives.
Guatemala
Partner: Women in Action (MeA)
Sources of Funding: World Accord Donors & World Hunger Fund
2011 programming included $88,500 in support of Children's Rights, Community
Building, Education, Environment, Micro Enterprise & Micro Credit and
Sustainable Agriculture & Food Production initiatives.
Honduras
Partners: Rural Reconstruction Program (PRR) and Project Global Village
Sources of Funding: World Accord Donors & World Hunger Fund
2011 programming included $277,920 in support of Community Building,
Education, Environment, Development Education, Micro Enterprise & Micro
Credit, Sustainable Agriculture & Food Production initiatives as well as
Construction Expeditions.
El Salvador
Partner: ADCASMUS (formerly PERC)
Sources of Funding: World Accord Donors & World Hunger Fund
2011 programming included $36,902 in support of Community Building,
Education and Micro Enterprise & Micro Credit
Haiti
Partner: FIDA/pcH
Sources of Funding: World Accord Donors
2011 programming included $21,010 in support of community development,
agricultural cooperatives development and training.
Nepal
Partner: WPD - Nepal and SAP - Nepal
Sources of Funding: World Accord Donors & World Hunger Fund
2011 programming included $25,664 in support of Community Building,
Leadership Training and Micro Enterprise Development and Micro Loans
Sri Lanka
Partner: SAP - Sri Lanka
Sources of Funding: World Accord Donors, World Hunger Fund & SAP - Canada
2011 programming included $34,383 in support of Community Building,
Leadership Training and Women’s Enterprise Development
partners to implement these
changes in a way that honours our
philosophy and commitment to
equality among partners. We even
had a legal specialist in this field
look over our agreements and had
them professionally translated into
Spanish for our Central American
partners. In the end we learned
that we were miles ahead of other
NGO’s in Canada who were just
becoming aware of the need for
change. It is great to be ahead of the
curve once again.
Now with a full compliment of staff
we intend to reach more people
than ever and make it to more
events. Invite us to your
congregation or service club or
other community event. Building
community is central to our work
and if you want help building yours,
be sure to call and talk to us any
time. We are your cause and we are
here to answer your questions and
concerns as you try–like we do–to
make this world a better place for
everyone. Thank you for your
support. You and World Accord,
together with our partners, will
accomplish great things in 2012.
2
Programming Highlights Continued from pg. 1
Balance Sheet as at March 31, 2011
GENERAL FUND 2010
ASSETS
Current:
Cash $207,607
Short term Investments $400,000
Accounts receivable and prepaid expenses $3,121
Prepaid Expenses $608
$611,336
Office furniture and equipment $48,323
Accumulated amortization $36,659
$11,664 Long Term
Investments
Unrestricted Investments $11,565
Contingincy Reserve $121,769
$133,334
TOTAL ASSETS $756,334
LIABILITIES AND FUND BALANCE
Accounts Payable $41,632
Deferred Revenue $483,977
General Fund Balance - unrestricted $97,292
General Fund Balance - Capital Assets $11,664
$634,565
RESERVE FUND
ASSETS
Cash $121,769
FUND BALANCE- Unrestricted $121,769
Financial Report
REVENUES 2010 2011
5 Year
Average
Donations $434,547
Grants from charitable organizations $388,533
Consortia $16,019
Investment and other income $23,454
$862,553 $1,011,485
EXPENSES
Administration $101,621
Fundraising $77,791
$179,412
Less Private core funding
donations ($17,202) Core funding from
organizations ($40,745)
Operating Total $121,465 $129,829
Programming Project
development $54,757
Education $63,994
Project costs $609,047
Programming Total $727,798 $867,486
$849,263 $997,373
OPERATING EXCESS (Loss) FOR THE YEAR $13,290
NET ASSETS - Opening $217,435
NET ASSETS - Closing $230,725 Five Year Average of net percentage Admin and Fundraising =
$129,829/$997,373 = 13.0%
Statement of Revenues and Expenses - General Fund for the Year Ended March 31, 2010