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
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