As a registered Canadian charity, Men’s Sheds Canada operates within the regulatory framework of the Canada Revenue Agency (CRA) and is committed to the highest standards of accountability and fiduciary responsibility. We conduct our financial affairs in a responsible manner, consistent with the ethical obligations of stewardship and the legal requirements of provincial and federal regulators.
Our annual budget is developed in consultation with our primary funder, The Waltons Trust, and detailed financial reporting is provided to the Trust on a regular basis. Our annual financial statements are prepared in accordance with Canadian accounting standards for not-for-profit organizations, reviewed by our Finance Committee, independently audited, and then approved by the Board of Directors.
The Board—elected annually by the Membership—holds ultimate responsibility for financial oversight and decision-making on behalf of the organization, which is the key purpose of their election and service. Member Sheds are provided with audited financial statements in advance of the Annual General Meeting (AGM), where they are formally presented and accepted. This approach reflects sector best practices and ensures that Members are kept informed while the Board fulfills its fiduciary role.
We invite you to scroll through or download our 2024–25 Annual Report and Audited Financial Information using the links below.