2023-24 Annual report

Financial highlights

Year ended March 31, 2024

Expenses	2024	2023
Decrease risk of people getting cancer in Canada	2,381,154	2,416,749
Diagnose cancer faster, accurately and at an earlier stage	4,943,768	5,431,755
Deliver high-quality care in a sustainable, world-class system	1,415,758	807,326
Deliver supports for patients, families and caregivers	1,902,124	4,448,158
Culturally appropriate care closer to home	2,801,646	7,219,630
First Nations-, Inuit-, or Métis-governed research and data systems	783,745	277,293
Transforming research into improved care	7,727,850	6,925,606
Maximizing the impact of health system data to drive change and improving information flow among providers and patients	4,526,999	3,842,604
Public engagement and outreach and cancer strategy program support	6,000,931	6,005,258
	`32,483,975`	`37,374,379`
Operating expenses (Note 4)*	11,040,412	10,512,236
	`43,524,387`	`47,886,615`

Excess of revenue over expenses for the year, and net assets at the end of the year	–	–

*Refer to the audited financial statements for full details on the note.

As at March 31, 2024

Current	2024	2023
Cash	7,184,587	7,348,998
Short-term investments	10,584,961	8,224,143
Accounts receivable	485,822	539,630
Projects in process – advances (Note 3)*	995,186	578,189
Prepaid expenses	1,414,791	559,245
	`20,665,347`	`17,250,205`
Capital assets (Note 4)*	1,943,325	1,828,928
	`1,943,325`	`1,828,928`
	`22,608,672`	`19,079,133`

Current	2024	2023
Accounts payable and accrued liabilities	3,661,621	5,718,512
Government remittances payable (Note 5)*	44,463	106,311
Deferred contributions – Expenses of future periods (Note 6 (a))*	16,644,680	11,072,241
	`20,350,764`	`16,897,064`
Deferred contributions – Capital assets (Note 6 (b))*	1,601,873	1,405,528
Lease inducements (Note 7)*	656,035	776,541
	`2,257,908`	`2,182,069`
	`22,608,672`	`19,079,133`
Net assets	–	–
	`22,608,672`	`19,079,133`

Commitments and Guarantees (Notes 9 and 10)*
*Refer to the audited financial statements for full details on the note.

Year ended March 31, 2024

Increase (decrease) in cash

Operating activities	2024	2023
Government of Canada contributions received (Note 6)*	47,500,000	47,500,000
Other contributions received	898,549	109,990
Interest received on short-term investments	806,061	501,056
Interest paid to Government of Canada	(64,151)	(70,993)
Cash paid for programs and operating expenses	(46,624,371)	(44,921,751)
	`2,516,088`	`3,118,302`

Investing activities	2024	2023
Purchase of short-term investments	(6,000,000)	–
Redemption of short-term investments	4,000,000	–
	`(2,000,000)`	`-`

Financing activities	2024	2023
Purchase of capital assets	(680,499)	(217,886)
	`(680,499)`	`(217,886)`

*Refer to the audited financial statements for full details on the note.