22. Information & Declarations to be Furnished Under the Charitable Fundraising
Act 1991
Under this Act, KU Children’s Services holds a single authority to fundraise for KU centres. The authority does not extend to services
which KU manages on behalf of another organisation. Preparation of the following information reflects the level of disclosure existing
in management systems in use by the organisation.
a)
Statement of Fundraising Income and Expenditure
Detailed income statement for the year ended 31 December 2007
Raffles
2006
$ $
65,920 61,132
Functions 349,374 304,913
Sale of Items 356,999 345,570
3,061 3,740
775,354 715,355
Interest
Gross Proceeds from Fundraising
Raffles
(3,101) (2,725)
Functions (127,577) (117,325)
Sale of Items (216,732) (204,242)
Total Cost of Fundraising (347,410) (324,292)
427,944 391,063
Opening Balance 969,655 838,133
Net proceeds from fundraising 427,944 391,063
(310,277) (256,407)
Bank Charges (2,287) (3,134)
Total Reserve 1,085,035 969,655
Gross income received from sale of items 356,999 345,570
Total Expenditure Incurred 216,732 204,242
Net Proceeds from Fundraising
b)
2007
Accounting Principles and Methods Adopted in Fundraising Accounts
The fundraising financial statements have been prepared on an accrual basis and in accordance
with Australian Accounting Standards as per Note 2.
c)
Application of Fundraising Proceeds in 2007
Centre Improvement and Equipment
d) Details of Gross Income & Aggregate Expenditure of Appeals Conducted Jointly with Traders
For the purpose of this note all fundraising involving the Sale of Items (e.g. chocolates, sun hats,
sunscreen, etc) is deemed to have involved a trader.
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KU’s 112 th Annual Report 2007