KU Financial Report
Declaration by Board of Directors
in Respect of Fundraising Appeals
In the opinion of the Board of Directors:
(i) the accounts give a true and fair view of all income and expenditure of KU Children’s Services with respect to
fundraising activities;
(ii) the balance sheet as at 31 December 2008 gives a true and fair view of the state of affairs with respect to fundraising
activities;
(iii)
the provision of the Charitable Fundraising Act 1991 and the Regulations under that Act and the conditions
attached to authority have been complied with to the organisation’s best ability;
(iv) the internal controls exercised by KU Children’s Services are appropriate and effective in accounting for all income
received and applied by the organisation from any of its fundraising appeals; and
(v) the level of disclosure for fundraising was limited by the existing management systems in use by the organisation.
Signed in accordance with a resolution of the Board of Directors.
Penny Le Couteur
Chairman, Board of Directors
Sydney, 2 April 2009
Sarah Cordle
Director
Sydney, 2 April 2009
Income Statement
For the financial year ended 31 December 2008
NOTE
Revenue
4
2008
$
2007
$
69,946,660 63,815,171
(60,382,255) (52,341,653)
(550,664) (488,281)
(1,460,056) (1,375,396)
(780,699) (706,132)
Childcare centre expense (4,969,305) (4,858,117)
Loss on investment valuation (1,486,422) -
Other expenses (3,246,553) (2,281,584)
(2,929,294) 1,764,008
Employee benefits expense
Depreciation expense
Repairs and maintenance expense
Occupancy expense
(Deficit) Surplus for the period
4
Notes to the financial statements are included on pages 24 to 39.
113th Annual Report 2008
21