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