(a) Statement of Fundraising Income and Expenditure
Detailed income statement for the year ended 31 December 2016
2016
$ 2015
$
22,223 31,260
Functions 184,225 283,952
Sale of Items 173,377 207,792
420 2,563
76,702 94,244
456,947 619,811
(1,618) (187)
(122,973) (248,045)
Raffles
Interest
Donations
Gross Proceeds from Fundraising
Raffles
Functions
Sale of Items
Total Cost of Fundraising
Net Proceeds from Fundraising
(87,798) (115,221)
(212,389) (363,453)
244,558 256,358
(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 2016
Opening balance
Net proceeds from fundraising
Centre Improvement and Equipment
Bank charges
Total Reserve (Note 15)
1,204,164 1,233,992
244,558 256,358
(235,326) (285,693)
(379) (493)
1,213,017 1,204,164
(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
173,377 207,792
87,798 115,221
(e) Forms of Fundraising Appeals Conducted in 2016
For the purposes of reporting under the requirements of the Charitable Fundraising Act 1991, KU 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 $212,389 (2015: $363,453) divided by Gross Income from Fundraising $456,947 (2015: $619,811)
equals 46% (2015: 59%).
Net Surplus from Fundraising $244,558 (2015: $256,358) divided by Gross Income from Fundraising $456,947 (2015: $619,811)
equals 54% (2015: 41%).
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