Financial Report
Abridged Financial Statements
The financial information included in the this Annual Report is taken from the Fitzroy Learning Network Inc . Annual Financial Report for the Year Ended 30 June 2016 . The full audited accounts will be available on-line at www . fln . org . au .
Statement of Income and Expenditure for the year ended 30 June 2016
For the year ended 30 June 2016 Note 2016 ($) 2015 ($)
Revenue 4 ( a ) 729,519 625,233 Other income 4 ( b ) 10,300 30,130 Interest Income 4 ( e )
2,125 4,591 Total Revenue 741,944 659,954 Staffing Expenses 4 ( d ) 653,145 581,162 Program Expenses 196,576 162,388 Total Expenses 858,078 763,791 Surplus /( deficit ) for the year ( 116,134 ) ( 103,837 ) Total Comprehensive Income /( loss ) for the year ( 116,134 ) ( 103,837 )
Statement of changes in equity
For the Year Ended 30 June 2016
Accumulated Funds
Balance at 1 July 2014 238,875 Correction of prior period error ( 75,000 ) Balance at 30 June 2015 135,038 Balance at 1 July 2015 135,038
Total Comprehensive Income /( loss ) for the year
( 116,134 )
Balance at 30 June 2016 18,904
Statement of Cash Flows
Cash flows from operating activities
Note Receipts from Government grants and subsidies 446,591 343,638 Receipts from operating activities 148,035 439,555 Payments to suppliers and employees ( 871,595 ) ( 795,356 ) Net cash from ( used in ) operating activities 13 ( b ) ( 274,844 ) ( 7,572 ) Cash flow from investing Activities
Notice of correction
— a small number of annual reports were distributed with a typing error that had the “ Total Comprehensive Income / ( Loss )” under the Statement of Changes In Equity ( above ) as ( 166,134 ) instead of the correct amount of ( 116,134 ). This has been corrected in this version .
Acquisition of equipment 7 ( 13,560 ) ( 5,431 ) Net cash from ( used in ) investing activities ( 13,560 ) ( 5,431 ) Net increase ( decrease ) in cash and cash equivalents ( 288,404 ) ( 13,003 ) Cash and cash equivalents at 1 July 2015 387,100 400,103 Cash and cash equivalents at 30 June 2016 13 ( a ) 98,696 387,100
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