Finacial Report 2000 |
|
Finance and Expendature
| 1999 |
Income |
2000 |
| 4,900 |
Subscriptions |
5,100 |
|
| 51,572 |
Donations |
114,572 |
|
| 712 |
Sales |
5,126 |
|
| 10,500 |
Grants |
21,809 |
|
| 171 |
Interest received |
50 |
|
| 7,201 |
Fund Raising Events and Sundry Income |
7,292 |
|
| |
|
|
|
| 75,056 |
TOTAL INCOME |
|
153,949 |
| |
|
|
|
| |
EXPENSES |
|
|
| 5,000 |
Advertising |
6,457 |
|
| 300 |
Bank Charges |
228 |
|
| 444 |
Computer Software Maintenance |
766 |
|
| - |
Consultants Fees |
15,000 |
|
| 2,162 |
Depreciation |
3,980 |
|
| 245 |
Electricity |
400 |
|
| 16,279 |
Environmental Projects |
23,081 |
|
| 2,020 |
Fund Raising Activities |
4,070 |
|
| 25 |
General Expenses |
45 |
|
| 2,286 |
Insurance |
4,242 |
|
| - |
Leasing Equipment |
200 |
|
| - |
Legal Costs |
500 |
|
| 1,360 |
Postage |
904 |
|
| 2,740 |
Printing & Stationery |
3,349 |
|
| 4,200 |
Rent |
4,195 |
|
| 204 |
Repairs & Maintenance |
277 |
|
| 242 |
Staff Amenities |
10 |
|
| - |
Staff Training |
300 |
|
| 781 |
Subscriptions & Licences |
280 |
|
| 2,665 |
Superannuation |
4,609 |
|
| 1,509 |
Telephone & Internet |
2,929 |
|
| - |
Travelling Expenses |
112 |
|
| 44,648 |
Wages |
79,000 |
|
| |
|
|
|
| 87,110 |
TOTAL EXPENSES |
|
154,934 |
| |
|
|
|
| (12,054) |
OPERATING SURPLUS (DEFICIT) |
|
(985) |
| |
|
|
|
| (12,054) |
OPERATING SURPLUS (DEFICIT) AND EXTRAORDINARY ITEMS |
(985) |
|
| 36,290 |
Retained Surplus (Deficit) Brought Forward |
24,236 |
|
| |
|
|
|
| 24,236 |
ACCUMULATED SURPLUS |
|
23,251 |
|
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Balance Sheet as at 30th June 2000
| 1999 |
Income |
2000 |
| |
|
|
|
| |
SHARE CAPITAL AND RESERVES |
|
|
| |
|
|
|
| |
Reserves |
|
|
| 24,236 |
Accumulated Surplus |
|
23,251 |
| |
|
|
|
| |
CURRENT LIABILITIES |
|
|
| 1,717 |
Bank Overdraft |
|
- |
| - |
Other Creditors & Accruals |
11,630 |
|
| 1,717 |
|
|
11,630 |
| |
|
|
|
| 25,953 |
TOTAL EQUITY & LIABILITIES |
|
34,881 |
| |
|
|
|
| |
PROPERTY PLANT AND EQUIPMENT |
|
|
| 14,859 |
Furniture & Fittings - at Cost |
19,484 |
|
| 7,076 |
Less Prov'n for Depreciation |
11,056 |
|
| 7,783 |
|
|
8,428 |
|
|
|
|
| |
CURRENT ASSETS |
|
|
| 50 |
Cash on Hand |
38 |
|
| - |
Cash at Bank |
9,774 |
|
| 4,895 |
Public Gift Fund |
5,609 |
|
| 10,442 |
No. 2 Account |
2,962 |
|
| 364 |
Rivers Reborn Account |
6,296 |
|
| 366 |
Cash Management Account |
368 |
|
| 1,003 |
Public Gift Fund - Cash Management Account |
- |
|
| 700 |
Security Deposit |
700 |
|
| - |
Other Debtors |
4 |
|
| 350 |
Prepayments |
704 |
|
| 18,170 |
|
|
26,453 |
| |
|
|
|
| |
|
|
|
| 25,953 |
TOTAL ASSETS |
|
34,881 |
|
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Statement of Accounting Policies
These financial statements are a special purpose financial report prepared for use by directors and members of the company. The Directors have determined that the company is not a reporting entity as defined in Statement of Accounting Concepts 1: Definition of the Reporting Entity, and therefore application of approved accounting standards is not mandatory in the preparation and presentation of these statements.
The statements have been prepared in accordance with the requirements of the Corporations Law, Income Tax Assessment Act, applicable Statements of Accounting Concepts and applicable approved Accounting Standards with the exception of the following:
- AASB 1017: Related Party Disclosure
- AASB 1020: Accounting for Income Tax
- AASB 1026: Statement of Cash Flows
- AASB 1028: Accounting for Employee Entitlements
The statements are prepared on an accruals basis from the records of the company. They are based on historic costs and do not take into account changing money values or, except where specifically stated, current valuations of non-current assets.
The following specific policies, which are consistent with the previous period unless otherwise stated, have been adopted in the preparation of these statements:
Property, Plant and Equipment
Items of property, plant & equipment are included at cost or at independent or Members valuation, The depreciable amount of all fixed assets excluding freehold land and buildings, are depreciated over their useful lives.
Investments
Investments are valued either at cost less amounts written off for permanent diminution in the value of the investments, or at Members' valuation. Interest is brought to account when received.
Income Tax
Exemption from income Tax has been obtained by virtue of Section 50-45 of the Income Tax Assessment Act 1997 |
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Auditor's Report
To The Members of: Sutherland Shire Environment Centre Inc.
Scope
We have conducted an independent audit of the accounts of the SUTHERLAND SHIRE ENVIRONMENT CENTRE INCORPORATED for the year ended 30th June, 2000, in order to express an opinion to the members.
Our audit has been conducted in accordance with Australian Auditing Standards to provide reasonable assurance as to whether the accounts are free of material misstatement. Our procedures included examination, on a test basis, of evidence supporting the amounts and other disclosures in the accounts, and the evaluation of accounting policies and significant accounting estimates. These procedures have been undertaken to form an opinion as to whether, in all material respects, the accounts are presented fairly in accordance with Australian Accounting Concepts and Standards and statutory requirements so as to present a view of SUTHERLAND SHIRE ENVIRONMENT CENTRE INCORPORATED which is consistent with our understanding of its financial position and the results of its operations.
The audit opinion expressed in this report has been formed on the above basis.
Audit Opinion
In our opinion, the financial accounts present fairly the financial position of SUTHERLAND SHIRE ENVIRONMENT CENTRE INCORPORATED as at 30th June. 2000, and the results of its operations for the year then ended in accordance with applicable Statements of Accounting Concepts and applicable Accounting Standards.
MUNRO SPAUL |
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