FINANCIAL SNAPSHOT
Summary of Income and Expenses
Type of Income (2015/16)
Type of Expenses (2015/16)
Employment Expenses 69%
AGD 53%
Client Expenses 11%
DCSI 19%
Admin/Operating Expenses 11%
OfW 15%
DSS 11%
Communication Expenses 6%
Investment 1%
Travel and Accommodation 3%
Other 1%
Volunteer 0%
Revenues in 2015-16 increased by 13 per cent to $3.7 (against a backdrop of no increase in funds from the
Attorney- General’s Department (AGD) through the Victims of Crime Fund since 2001). This is significantly
ahead of our strategic target to get to $3.4 million by 2017, with revenues in 16-17 budgeted at over
$4 million.
Expenses increased proportionately, but one of the issues we are conscious of is that expenses, especially
salaries, will increase by more than the rate of Consumer Price Index over the next four years, yet our
funding from the AGDs has for many years been set at CPI.
So, at the very time when we are seeing a significant increase in demand for our services, in real terms our
resources are set to shrink.
One way to offset this is to bring in alternative funding sources and in 2015-16, for the first time in our history,
VSS received more funding through other sources than through the Victims of Crime Fund.
Our small Operating Deficit of $14,000 in 2015 was due to investment in some strategic projects, including a
new case management system, whilst our assets performed in line with the market.
Summary of Statement of Financial Position
2016 ($)
2015 ($)
Current Assets
403,290
467,418
Non-Current Assets
557,186
534,835
Total Assets
960,476
1,002,253
Current Liabilities
Non Current Liabilities
Total Liabilities
467,627
9,279
476,906
463,800
6,609
470,409
Net Assets
483,570
531,844
28
Overall, the organisation is in a good financial position which is
enabling the Board and management team to deliver on their key
strategic goals of improving services for victims, investing in staff,
and building our advocacy and research capabilities.