A MESSAGE FROM OUR BOARD CHAIR & EXECUTIVE DIRECTOR

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2 A MESSAGE FROM OUR BOARD CHAIR & EXECUTIVE DIRECTOR Photo: Debra Lawson & Tracy Wynne We d like to ask you to turn back to the front cover and look again at the facts and figures. Hold that page in your hand and know that those numbers represent so much. Food delivered. People fed. Trucks purchased. Programs served. Children s lunches made. Seniors dinners served. Newcomers helped. And YOU made it possible. You helped those people. Through your generosity. Your compassion. Those figures are a record of the impact that YOU made on this city. Thank you. You are the most compassionate of individuals. The most forward-thinking of companies and organizations. You give, generously. You are our partners in a commitment to feed people experiencing hunger, with good, healthy food that would otherwise be wasted. Thank you. We have been tremendously fortunate to be able to meet the needs of our agencies, the needs of their constituents. In fact, because of you, last year we exceeded our target for food rescue by one million pounds. Because of you, we were able to move 11 agencies off our waiting list. Because of you, we were able to deliver that food. And here we are, beginning another year that continues to see the need grow. It s challenging to accept the reality that in this great city of ours there are more than 370,000 individuals facing food insecurity every year. However, Second Harvest was only able to serve just 200,000 of those people last year. In fact, we are acutely aware that 82% of the agencies we work with continue to report an increased need for food. This means we will need more compassionate individuals, who will commit to us in the way that you have. The way that you do. You define generosity. We thank you. We are privileged to serve our agencies. But we understand that what they may see as our generosity is actually the result of your commitment to us. Thank you. We know that you intuitively understand that Second Harvest has a huge challenge over the next few years, but because of you, we will create a stronger and healthier city. The social return on your investment in us realizes and demonstrates that you believe in creating a better future, for everyone. The true definition of generosity? You. Thank you, Tracy Wynne & Debra Lawson

3 In 1985, two Toronto-based women, Ina Andre and Joan Clayton, started Second Harvest with seven food donors, a hatchback and seven agencies. Since then, we ve delivered over 116 million pounds of good food to people in our communities. Guided by a simple, common-sense approach, we believe that food should not be wasted and that no one should go hungry in our city. Strengthened by the passion and commitment of our partners, we help feed thousands of people across Toronto each and every single day. We d like to herald the stories of a few of our partners to share how vital our partners are to helping us fulfill our vision: No Waste. No Hunger. VOLUNTEER: CIBC MELLON Photo: Brindini Selvarajah, Alexis Trunks, Suthaharan Arumugam, Derek Ferlatte, and Fatima Abrar. Volunteers are fundamental to our organization. Over the past year, Second Harvest s volunteer support has increased an astounding 35%, amounting to over 12,500 hours. We are grateful for the incredible commitment of volunteers like employees from CIBC Mellon. Since 2013, CIBC Mellon and its team of community-minded employees have contributed an impressive $56,000 in donations and 600 hours of volunteer support. From rescuing fresh, surplus food on foot through our Hunger Squad program to assembling thousands of sandwiches for campers in our Feeding Our Future program, CIBC Mellon s broad support demonstrates the company s passion for building healthy, strong communities. We couldn t do our work without the dedication of partners like CIBC Mellon. I believe that bringing fresh food to people in need is a vital component to building stronger, healthier communities where everybody has the opportunity to thrive. Second Harvest s food rescue program offers volunteers like my colleagues and I at CIBC Mellon the opportunity provide much needed nutritious food throughout the city, and CIBC Mellon supports the causes its employees are passionate about through its Together in Action volunteering program. Alexis Trunks Volunteer Event Coordinator, CIBC Mellon CIBC Mellon encourages its employees to participate in its Together in Action volunteering program by providing paid time off during work hours, as well as monetary donations to the designated charity. When I volunteer at Second Harvest, not only am I contributing to the immediate success of its food rescue program, I am able to direct much needed funding to sustain the long-term health of the program and the communities where we live and work. Fatima Abrar Hunger Squad Coordinator, CIBC Mellon

4 AGENCY RECIPIENT: San Romanoway Revitalization Association Photo: Stephnie Payne, Executive Director, SRRA with staff and volunteers. Without Second Harvest, we would not be able to manage. Everything you provide is much needed and well used. Snow, rain, whatever you re here without fail every week. It s really, really great to have Second Harvest as a partner. Stephnie Payne, Executive Director, SRRA Through our agency network of 225 partners, Second Harvest was able to deliver 9.5 million pounds of food to hungry children, adults and seniors across our city last year. We support a myriad of community-based organizations that offer indispensable programs and services, including domestic abuse counselling, after-school snack and tutoring programs, ESL training and more. The San Romanoway Revitalization Association (SRRA) is one such organization. An integral part of the social fabric of its community, the SRRA has been a fixture in the Jane & Finch neighbourhood for 17 years. A Second Harvest recipient agency since 2003, the small yet mighty centre offers breakfast, after-school and evening programming for youth, as well as seniors programs, parent drop-ins, and counselling services for upwards of 200 people each day. Fortified with a passionate group of volunteers, staff and community partners like Second Harvest, the SRRA provides a powerful and much-needed support system for this inner city neighbourhood. FOOD DONOR: Food rescue and delivery is at the heart of what we do. With the generosity of 422 food donors, Second Harvest is able to deliver fresh, nutrient-dense food for 25,000 meals every day across Toronto. We re thankful for partners like Coppa s Fresh Market, a family-owned and operated grocery store chain in the GTA that has donated over 500,000 pounds of food to date. We take great pride, passion and care in our work and are committed to enriching the communities in which we live and work. We re proud to be a Second Harvest partner, knowing the surplus food we donate goes to helping feed people in need across our city. Kosta Karagorgiou, Assistant Produce Manager, Coppa s

5 REPORT OF THE INDEPENDENT AUDITOR ON THE SUMMARY FINANCIAL STATEMENTS To the Members, Second Harvest Food Support Committee The accompanying summary financial statements, which comprise the statement of financial position as at August 31, 2016, and the statement of operations for the year then ended, and the related note, are derived from the audited financial statements of Second Harvest Food Support Committee for the year ended August 31, We expressed a qualified audit opinion on those financial statements in our report dated October 26, Those financial statements, and the summary financial statements, do not reflect the effects of events that occurred subsequent to the date of our report on those financial statements. The summary financial statements do not contain all the disclosures required by Canadian accounting standards for not-for-profit organizations. Reading the summary financial statements, therefore, is not a substitute for reading the audited financial statements of Second Harvest Food Support Committee. Management s Responsibility for the Summary Financial Statements Management is responsible for the preparation of a summary of the audited financial statements on the basis described in Note 1. Auditor s Responsibility Our responsibility is to express an opinion on the summary financial statements based on our procedures, which were conducted in accordance with Canadian Auditing Standard (CAS) 810, Engagements to Report on Summary Financial Statements. Opinion In our opinion, the summary financial statements derived from the audited financial statements of Second Harvest Food Support Committee for the year ended August 31, 2016 are a fair summary of those financial statements, on the basis described in Note 1. Our qualified opinion is based on the fact that, in common with many not-for-profit organizations, the organization derives revenue from donation and fundraising revenue, the completeness of which is not susceptible of satisfactory audit verification. Accordingly, verification of this revenue was limited to the amounts recorded in the records of the organization, and we were not able to determine whether any adjustments might be necessary to donation and fundraising revenue, excess of revenue over expenses for the year, assets and net assets. Our qualified opinion states that, except for the possible effects of the described matter, those financial statements present fairly, in all material respects, the financial position of Second Harvest Food Support Committee as at August 31, 2016, and the results of operations and its cash flows for the year then ended in accordance with Canadian accounting standards for not-for-profit organizations. Cowperthwaite Mehta Chartered Accountants Licensed Public Accountants October 26, 2016 Toronto, Ontario

6 SECOND HARVEST FOOD SUPPORT COMMITTEE SUMMARY STATEMENT OF FINANCIAL POSITION AS AT AUGUST 31, 2016 ASSETS Current Assets Cash and short term investments $ 838,346 $ 1,030,494 Accounts receivable 169, ,502 Prepaid expenses 38,930 31,245 1,046,455 1,206,241 Capital assets, net of amortization 653, ,647 TOTAL ASSETS $ 1,699,585 $ 1,708,888 LIABILITIES AND NET ASSETS Liabilities Accounts payable and accrued liabilities $ 136,773 $ 185,093 Deferred revenue -- 25,000 Deferred capital asset contributions 843, ,252 Total liabilities 980, ,345 Net assets 718, ,543 TOTAL LIABILITIES AND NET ASSETS $ 1,699,585 $ 1,708,888 Note 1. The criteria applied by management in the preparation of these summary financial statements are as follows: a) the information in the summarized financial statements is in agreement with the related information in the complete financial statements; and b) the summarized financial statements contain all the information necessary to avoid distorting or obscuring matters disclosed in the complete financial statements, including the notes therein. Management determined that the statement of changes in net assets and the statement of cash flows do not provide additional, useful information, and as such have not included them as part of the summary financial statements. SUMMARY STATEMENT OF OPERATIONS FOR THE YEAR ENDED AUGUST 31, 2016 REVENUE Food donations $ 23,696,000 $ 20,613,000 Fundraising 3,291,946 3,124,294 Harvest Kitchens grants 229, ,822 Capital assets grant amortization 216, ,514 Other 32,605 56,179 27,466,151 24,220,809 EXPENSES Food recovery and delivery Food donations delivered to agencies 23,696,000 20,613,000 Truck and warehouse salaries and benefits 1,442,334 1,349,641 Communications and fundraising 1,155,917 1,060,391 Administration 660, ,648 Harvest Kitchens 381, ,615 Amortization 197, ,297 27,532,804 24,166,592 EXCESS (DEFICIENCY) OF REVENUE OVER EXPENSES FOR THE YEAR $ (66,653) $ 54,217 secondharvest.ca Second Harvest: 1450 Lodestar Road, #18, Toronto, ON, M3J 3C1 Charitable registration # RR001