Below are the consolidated annual financial statements of CNEWA.
In 2018, CNEWA adopted new accounting standards developed and required by the Financial Accounting Standards Board.
These include the reduction in the number of categories of net assets from three to two, and the clarification of how to distinguish costs associated with program, fundraising and general management.
Click here to review the financial statements for CNEWA Canada.
|Revenue||Without Restrictions||With Restrictions||2018 Total|
|Grants from funding agencies||27,735||6,770,068||6,797,803|
|Legacies and bequests||4,202,775||1,156,845||5,359,620|
|Net assets released from restrictions||13,262,245||(13,262,245)||–|
|Expenses||Without Restrictions||With Restrictions||2018 Total|
|Program services –||$6,622,788|
|Accompanying the church||$6,622,788||–||13,285,015|
|Responding to human needs||13,285,015||–||1,428,854|
|Total program services||21,336,657||–||21,336,657|
|Support service –|
|Management and general||2,124,168||–||2,124,168|
|Total support services||4,709,527||–||4,709,527|
|Net Assets||2018 Total|
|Without donor restrictions||25,669,652|
|With donor restrictions||30,044,945|
|Total Net Assets||$55,714,597|
Audited Financial Statements