Glossary

Responsibility. A non-profit is responsible to its members. Responsible means conducting its activities with openness and transparency. Examples include disclosing financial statements, sharing regular reports, and fulfilling legal requirements.  

Financial Documents. Also commonly referred to as the general ledger or “the books”. Examples include the date and amount of deposits or withdrawals, cheque numbers, bank account numbers, and daily balances. Accounting records are not the same as financial statements.

Yearly summary. An annual report documents the activities of a non-profit for the year between Annual General Meetings. Examples include ongoing project successes and highlights, new projects, and grants or awards received. The Registry also requires a non-profit to file an Annual Report noting the date of the AGM and any changes to its directors.

Computer security. A computer program that protects electronic information from illegal access, sharing, or corruption.To be effective, antivirus software must be updated regularly. Examples include AVG, McAffee, Norton, and Microsoft Defender.