CARP Fi­nan­cials and Pres­i­dent’s Mes­sage for 2017

ZOOMER Magazine - - CONTENTS -


On Sept. 28, 1972, I flipped the “on” switch for a local in­de­pen­dent UHF tele­vi­sion sta­tion I co-founded in Toronto called Ci­tyTV. Coin­ci­dently, that same day reg­is­tered the largest au­di­ence recorded in Cana­dian tele­vi­sion his­tory, up to that point. Alas, the view­ers were not tuned into the pre­mière of my up­start lit­tle Chan­nel 79 but rather to the CBC as it broad­cast what would be­come the Hockey Game of the Cen­tury: Team Canada’s Great Vic­tory over the Sovi­ets and Paul Hen­der­son’s epic win­ning goal.

Forty-five years have flown by, but the mem­o­ries of that se­ries and the ath­letes who pulled it off re­main etched in our hearts and minds. CARP is proud that the play­ers of that iconic Team Canada ’72 have re­cently en­dorsed and joined our As­so­ci­a­tion en masse. I am pleased to welcome them to Team CARP and look for­ward to their sup­port of our ef­forts to ad­vo­cate on be­half of all Cana­di­ans as we age and re­cruit new mem­bers.

This new re­la­tion­ship co­in­cides with the next ramp up of CARP’s mar­ket­ing ef­forts. We have ded­i­cated new re­sources to mem­ber­ship re­ten­tion and growth and are al­ready see­ing a re­turn on that in­vest­ment. There has been great take-up of new ini­tia­tives, in­clud­ing a five-year mem­ber­ship op­tion. While 2015-2016 was pre­vi­ously our strong­est year for new mem­ber ac­qui­si­tions, I am pleased to re­port that 2016-2017 is now the record-set­ting year with 50,000 new mem­bers join­ing our move­ment. This, com­bined with an im­prove­ment in re­ten­tion rates, ap­pears to have put an end to what has been al­most a decade of tepid net mem­ber­ship growth. We have also made ad­di­tional changes to re­duce our op­er­at­ing ex­penses by three per cent in the cur­rent year and are poised for fur­ther cost sav­ings mov­ing for­ward.

2016-2017 also saw the con­sol­i­da­tion and re­fo­cus­ing of our Na­tional Net­work of Chap­ters, which are now more ef­fi­cient, au­ton­o­mous and mo­ti­vated to strengthen local ad­vo­cacy and mem­ber­ship growth.

Along with the open­ing of a Western Cana­dian Of­fice, our new dig­i­tal mar­ket­ing ex­per­tise al­lows us to bet­ter tell the story of our Ad­vo­cacy suc­cesses, like the On­tario gov­ern­ment’s re­sponse to CARP’s call for a dras­tic re­duc­tion in hy­dro rates af­ter we launched our Heat or Eat cam­paign, which told the story of se­niors be­ing forced to choose be­tween food and medicine in or­der to pay their ex­or­bi­tant hy­dro bills. The same gov­ern­ment pro­vided a sub­se­quent quick re­ply to our call for an in­quiry into el­der care homes and abuses in the wake of the Wet­t­laufer killings. All of this un­der­lines the con­stant need to grow our num­bers which are, af­ter all, the key to se­cur­ing po­lit­i­cal ac­tion for our co­hort.

Be­yond Ad­vo­cacy, mem­bers ben­e­fit from valu­able dis­counts and other priv­i­leges pro­vided by an ever-ex­pand­ing list of Affin­ity Part­ners of­fer­ing out­stand­ing prod­ucts and ser­vices. Re­cent ad­di­tions in­clude HomEquity Bank, RBC cross-bor­der bank­ing, Stan­nah Stair­lifts and Swiss Chalet, along with, of course, all man­ner of ex­ist­ing ben­e­fits from our trusted in­sur­ance, tele­com, ho­tel, en­ter­tain­ment and travel part­ners.

As in all prior years since 2008, CARP has con­tin­ued to en­joy the sup­port of ZoomerMe­dia Ltd., di­rectly through the an­nual sub­sidy and in­di­rectly by dint of the ef­fort of an in­creas­ing num­ber of se­nior editorial and mar­ket­ing staff who echo CARP’s voice though ZoomerMe­dia’s me­dia chan­nels.

Whether you were watch­ing Team Canada ’72 in your ele­men­tary school gym or in the cam­pus pub, on your liv­ing room couch or over your shoul­der at work, any­one old enough to re­mem­ber that game shares CARP’s con­cerns about health, fi­nance and liv­ing well as we age. That mas­sive au­di­ence is our Zoomer au­di­ence, and we’re work­ing to bring ev­ery­one who felt the glory in ’72 to CARP in 2017-2018. Moses Znaimer, Pres­i­dent and Chair­man on be­half of the Board of Directors CARP Board of Directors Maura Ruth Co­hen, BA, B.Ed., On­tario David Cravit, BA, On­tario Ra­mona Kapytn, BA, B.Ed, OCT (ret.), CHA, Bri­tish Columbia Bill Van Gorder, BA, CAE, Nova Sco­tia Moses Znaimer, BA, MA, LLD, On­tario


To the Mem­bers of Cana­dian As­so­ci­a­tion of Re­tired Per­sons The ac­com­pa­ny­ing sum­mary fi­nan­cial state­ments of Cana­dian As­so­ci­a­tion of

Re­tired Per­sons (CARP), which com­prise the sum­mary state­ments of fi­nan­cial po­si­tion as at April 30, 2017, and the sum­mary state­ments of op­er­a­tions for the year ended April 30, 2017, and re­lated notes, are de­rived from the au­dited fi­nan­cial state­ments, pre­pared in ac­cor­dance with Cana­dian ac­count­ing stan­dards for not-for-profit or­ga­ni­za­tions, of CARP as at and for the year ended April 30, 2017.

We ex­pressed an un­mod­i­fied au­dit opin­ion on those fi­nan­cial state­ments in our re­port dated July 31, 2017.

The sum­mary fi­nan­cial state­ments do not con­tain all the dis­clo­sures re­quired by Cana­dian ac­count­ing stan­dards for not-for-profit or­ga­ni­za­tions ap­plied in the prepa­ra­tion of the au­dited fi­nan­cial state­ments of CARP. Read­ing the sum­mary fi­nan­cial state­ments, there­fore, is not a sub­sti­tute for read­ing the au­dited fi­nan­cial state­ments of CARP. Man­age­ment’s Re­spon­si­bil­ity for the Sum­mary Fi­nan­cial State­ment 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 CARP as at and for the year ended April 30, 2017, are a fair sum­mary of those fi­nan­cial state­ments, in ac­cor­dance with the ba­sis de­scribed in note 1. Mis­sis­sauga, On­tario NAWAZ TAUB & WASSER­MAN LLP July 31, 2017 Char­tered Ac­coun­tants Li­censed Pub­lic Ac­coun­tants Au­dited copies of the fi­nan­cial state­ments as at and for the year ended April 30, 2017, will be avail­able at the An­nual Gen­eral Meet­ing of Mem­bers on Oct. 27, 2017, and may be re­quested prior to the meet­ing by writ­ing to the Of­fice of the Pres­i­dent at 30 Jef­fer­son Ave., Toronto, ON M6K 1Y4

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