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2010/11 continued to be a difficult year for charities as the global economies emerged from recession and the Alzheimer Society of B.C. experienced this to some degree. Although in the 2010/11 fiscal year, the Society has seen only a 2.1% overall reduction in revenues compared to the previous year, its expenses increased by 14%. However, with the combination of the generosity of our donors, careful fiscal management and a contract with the Ministry of Health Services to expand some of our services, the net result was a surplus of $184 thousand.
The impact on how we raised our money
Three key sources of revenue from 2009/10 have changed significantly. The revenue the Society receives from Alzheimer Society of Canada declined by 35% from the prior year, and here in British Columbia, changes to provincial gaming grants caused a 28% reduction of revenues. The proceeds from the donated asset of $550 thousand in 2009/10 was only a one- time event and accounted for a large part of the revenue gap in 2010/11. However, we were fortunate to secure a contract with the Ministry of Health Services (MOHS) to Improve BC Dementia Care by providing early referral and special services in six communities. This contract enabled us to expand our services in an otherwise declining revenue year. Although general overall donations showed a decline of 4.2% from last year and special events decreased by 1%, the Society had two areas of significant growth in revenues. Through the work of volunteers, our generous donors and sponsors, two of our signature events the Forget Me Not Golf Tournament and the Investors Group Walk for Memories increased their revenues 13% and 10% respectively.
The impact on how we spend our money
The majority of the increase in spending related to the contract with the MOHS to Improve BC Dementia Care by the expanded delivery of First Link® and Minds in Motion™ across the province. The Society’s increased expenditures included some strategic investments in the provincial office (15%), which supports our programs and services across the province and communications (25%). These increases were necessary to strengthen infrastructure and to support future growth and expansion. In addition, the Society’s cost to belong to a national federation increased over the previous year (21%).
Michael Rutherford
Volunteer Treasurer
The impact on how we raised our money
Three key sources of revenue from 2009/10 have changed significantly. The revenue the Society receives from Alzheimer Society of Canada declined by 35% from the prior year, and here in British Columbia, changes to provincial gaming grants caused a 28% reduction of revenues. The proceeds from the donated asset of $550 thousand in 2009/10 was only a one- time event and accounted for a large part of the revenue gap in 2010/11. However, we were fortunate to secure a contract with the Ministry of Health Services (MOHS) to Improve BC Dementia Care by providing early referral and special services in six communities. This contract enabled us to expand our services in an otherwise declining revenue year. Although general overall donations showed a decline of 4.2% from last year and special events decreased by 1%, the Society had two areas of significant growth in revenues. Through the work of volunteers, our generous donors and sponsors, two of our signature events the Forget Me Not Golf Tournament and the Investors Group Walk for Memories increased their revenues 13% and 10% respectively.
The impact on how we spend our money
The majority of the increase in spending related to the contract with the MOHS to Improve BC Dementia Care by the expanded delivery of First Link® and Minds in Motion™ across the province. The Society’s increased expenditures included some strategic investments in the provincial office (15%), which supports our programs and services across the province and communications (25%). These increases were necessary to strengthen infrastructure and to support future growth and expansion. In addition, the Society’s cost to belong to a national federation increased over the previous year (21%).
Michael Rutherford
Volunteer Treasurer
2010/11 Annual Report
Personal Stories from the Journey
Join the Wave of Change
About the Alzheimer Society of B.C.
- Message from Board Chair and CEO
- Message from the Treasurer
- Auditor’s Report
- In The Vancouver Sun (appearing in Sept. 22 print edition)
Personal Stories from the Journey
- Hélène is learning to be on the journey one day at a time
- Jim is advocating to improve dementia care through “teachable moments”
- Terri and the rewarding decision to be by her father-in-law’s side on the dementia journey
- Michael, a world-renowned researcher from UBC believes that hope for a world without dementia lies in Canadian research
Join the Wave of Change
About the Alzheimer Society of B.C.
