KU Financial Report
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 2015
Raffles
Functions
Sale of Items
Interest
Donations
Gross Proceeds from Fundraising
Raffles
Functions
Sale of Items
Total Cost of Fundraising
Net Proceeds from Fundraising
2015
$
31,260
283,952
207,792
2,563
94,244
619,811
2014
$
31,804
286,360
247,417
4,747
60,470
630,798
(187)
(248,045)
(115,221)
(363,453)
(94)
(215,764)
(121,246)
(337,104)
256,358
293,694
(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 2015
Opening balance
Net proceeds from fundraising
Centre Improvement and Equipment
Bank charges
Total Reserve
1,233,992
256,358
(285,693)
(493)
1,204,164
1,254,771
293,694
(313,956)
(517)
1,233,992
(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
Total expenditure incurred
120th Annual Report 2015
207,792
115,221
247,417
121,246