WCC Annual Report - Page 34

Financial Statements for the Year Ended 30 June 2012 30 June 2012 CASH FLOWS FROM OPERATING ACTIVITIES Receipts from Grants Donations and sundry charges Interest Received Other Fundraising Income Total Payments for employees and administrative expenses Net Cash provided by operating activities $ $ $ $ $ $ $ CASH FLOWS FROM INVESTING ACTIVITIES Purchase of fixed assets Net Cash provided by investing activities $ $ Net Increase (Decrease) in cash held $ $ $ $ $ $ $ 1,502,013 29,212 105,864 1,156 1,638,245 (1,712,350) (74,105) $ $ 81,216 (81,216) $ (90,356) $ (155,321) Cash at beginning of financial year $ 468,845 $ 624,166 Cash at end of financial year $ 378,489 $ 468,845 NOTES TO STATEMENT OF CASH FLOWS (a) Reconciliation of cash Cash at bank and in hand $ 378,489 $ 468,845 $ 11,470 $ (50,928) $ 35,216 $ 17,151 $ (18,416) $ 34,390 $ $ $ $ $ 20,307 (71,171) (67,763) - $ $ $ $ $ 2,486 (54,084) 12,744 (35,865) (81,216) Net cash provided by operating activities $ (90,356) $ (155,321) Cash at beginning of Financial Year Cash at end of Financial Year Increase in Cash during year $ $ $ 468,845 $ 378,489 $ (90,356) $ 624,166 468,845 (155,321) (b) Reconciliation of net cash provided by operating activities to operating surplus Operating surplus Non-cash flows in operating activities Depreciation Provision for Annual Leave Loading/Sick Leave/Long Service Leave Changes in assets and liabilities Decrease/(Increase) in receivables Increase/(Decrease) in creditors and provisions Net Cash outflow from purchase of plant and equipment Equipment Written-off Net cash flow from financing activities 1,465,125 28,266 154,313 28,750 1,676,454 (1,766,811) (90,356) 30 June 2011 - Notes to and Forming Part of the Financial Statements For the Year Ended 30 June 2012 Summary of Significant Accounting Policies a) Basis of Accounting: The financial statements are a general purpose financial report which has been prepared in accordance with Australian Accounting Standards. The Financial Statements have been prepared on the basis of historical costs. b) Reporting Entity: The results in this financial report includes all funds over which Whittlesea Community Connections Inc. controls resources to carry out its functions. Whittlesea Community Connections Inc. is a not-for-profit incorporated ass