23. 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 2013
Raffles
Functions
Sale of Items
Interest
Donations 2013
$
32,892
309,865
245,216
8,765
51,124 2012
$
54,868
286,922
257,129
5,297
17,139
Gross Proceeds from Fundraising 647,862 621,355
Raffles
Functions
Sale of Items (4,068)
(179,188)
(129,872) (1,426)
(172,383)
(120,048)
Total Cost of Fundraising (313,128) (293,857)
334,734 327,498
Net Proceeds from Fundraising
b) 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 2013
Opening balance
Net proceeds from fundraising
Centre Improvement and Equipment
Bank charges 1,195,958
334,734
(275,480)
(441) 1,192,584
327,498
(323,136)
(988)
Total Reserve 1,254,771 1,195,958
d) Details of Gross Income and 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.
Gross income received from sale of items 245,216 257,129
Total expenditure incurred 129,872 120,048
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