WCC Annual Report 2014-15 - Page 27

The Concise Financial Report is an extract from the full financial report for the year ended 30 June 2015. The financial statements and other information included in the Concise Financial Report are derived from, and are consistent with, the full financial report of Whittlesea Community Connections. A copy of the full financial report is available from our website, www.whittleseacommunityconnections.org.au CONCISE FINANCE REPORT Financial Statements for the year ended 30 June 2015 Operating Statement for the Year Ended 30 June 2015 30 June 2015 30 June 2014 REVENUES Grants Interest Fundraising Other $2,238,849 $28,152 $13,095 $286,495 $1,983,120 $25,511 $20,410 $215,561 TOTAL REVENUES $2,566,591 $2,244,602 30 June 2015 EXPENSES Employee and Labour related Costs Telephone Postage Stationery Rental -City of Whittlesea Advertising Accounting & Audit Project Costs Staff Training Volunteer Training Subscriptions & Memberships Staff amenities Bank Charges Depreciation Emergency Relief Community Support ER Admin. Expenses Printing and Photocopying Legal Practising Certificate Legal Library Information Technology Project Management Costs Community Transport (leases, fuel and maintenance, insurance excess) Other TOTAL EXPENSES CHANGE IN NET ASSETS RESULTING FROM OPERATIONS $1,796,054 $27,526 $4,709 $4,898 $12,162 $46,945 $113,472 $5,167 $2,821 $5,355 $2,844 $73 $33,372 $160,835 $7,956 $3,010 $990 $16,047 $31,795 $81,890 $103,424 $2,461,344 $105,247 30 June 2015 30 June 2014 CURRENT ASSETS Cash Receivables Investment-Shares in PCCU TOTAL CURRENT ASSETS $933,281 $58,862 $60 $992,203 $586,909 $68,709 $60 $655,678 NON-CURRENT ASSETS Equipment $105,754 $106,456 $1,097,957 $762,134 TOTAL ASSETS 30 June 2015 30 June 2014 $1,652,417 $28,365 $3,282 $7,992 $12,702 $867 $39,037 $50,579 $6,258 $1,688 $4,177 $2,509 $44 $39,897 $139,375 $5,000 $9,352 $3,577 $1,601 $13,886 $15,000 $88,303 $86,255 $2,212,163 $32,439 30 June 2014 CURRENT LIABILITIES Creditors GST Liabilities & PAYG Liabilities Payroll Liabilities (inc. Super) Deposits for Future Services Grants Received in Advance Grants Carried Forward $14,581 $4,696 $4,000 $23,000 $377,602 $15,790 $4,695 $3,500 $56,000 $184,984 TOTAL CURRENT LIABILITIES $423,879 $264,969 NON-CURRENT LIABILITIES Employee Entitlements $312,138 $240,476 TOTAL LIABILITIES $736,017 $505,445 NET ASSETS $361,939 $256,689 $202,906 $2 $170,467 - $105,247 $32,439 Transfer to Growth Area Fund Reserves $308,155 $(96,216) $211,939 $202,906 $202,906 Balance at the end of Financial Year Growth Area Fund Reserves $211,939 $150,000 $202,906 $53,784 TOTAL EQUITY-ACCUMULATED SURPLUS $361,939 $256,689 EQUITY-ACCUMULATED SURPLUS Balance at start of Financial Year Adjustment for entry error to 2013-14 end of year closing balance Add Change in Net Assets resulting from operations 27