KU Financial Report
24. 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 2014
Raffles
Functions
Sale of Items
Interest
Donations
Gross Proceeds from Fundraising
Raffles
Functions
Sale of Items
Total Cost of Fundraising
Net Proceeds from Fundraising
2014
$ 2013
$
31,804
286,360
247,417
4,747
60,470
630,798 32,892
309,865
245,216
8,765
51,124
647,862
(94)
(215,764)
(121,246)
(337,104) (4,068)
(179,188)
(129,872)
(313,128)
293,694 334,734
(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 3.
(c) Application of Fundraising Proceeds in 2014
Opening balance
Net proceeds from fundraising
Centre Improvement and Equipment
Bank charges
Total Reserve
1,254,771
293,694
(313,956)
(517)
1,233,992
1,195,958
334,734
(275,480)
(441)
1,254,771
(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, sunhats, sunscreen, etc)
is deemed to have involved a trader.
Gross income received from sale of items
Total expenditure incurred
247,417
121,246
245,216
129,872
(e) Forms of Fundraising Appeals Conducted in 2014
For the purposes of reporting under the requirements of the Charitable Fundraising Act 1991, KU Children’s
Services classifies all fundraising activities under five categories; raffles, functions, sale of items, donations and
interest.
(f) Key Indicators for Fundraising Activities
Total Cost of Fundraising $337,104 (2013: $313,128) divided by Gross Income from Fundraising $630,798
(2013: $647,862) equals 53% (2013: 48%).
Net Surplus from Fundraising $293,694 (2013: $334,734) divided by Gross Income from Fundraising $630,798
(2013: $647,862) equals 47% (2013: 52%).
119th Annual Report 2014