KU Financial Report
Declaration by Board of Directors
in Respect of Fundraising Appeals
In the opinion of the Board of Directors:
(i) the financial statements give a true and fair view of all income and expenditure of KU Children’s Services with respect to
fundraising activities under the Charitable Fundraising Act 1991 and the Regulations;
(ii) the Statement of Financial Position as at 31 December 2010 gives a true and fair view of the state of affairs with respect
to fundraising activities;
(iii) the provisions of the Charitable Fundraising Act 1991 and the Regulations under that Act and the conditions attached to
the Charitable Fundraising Authority have been complied with to the organisation’s best ability;
(iv) the internal controls exercised by KU Children’s Services are appropriate and effective in accounting for all income received
and applied by the organisation from any of its fundraising appeals.
Signed in accordance with a resolution of the Board of Directors.
Borislav Kotic
Director
Sydney, 29th March 2011
David Bryant
Chairman, Board of Directors
Sydney, 29th March 2011
Statement of Comprehensive Income
for the financial year ended 31 December 2010
Note
2010
2009
$
$
Revenue
5
88,100,423 79,002,432
Employee benefits expense
Depreciation expense
Repairs and maintenance expense
Occupancy expense
Childcare centre expense
Capital grant expenditure
Other expenses
(Deficit) for the period
5,14
(73,988,658) (66,134,430)
(648,088)
(669,189)
(1,075,367) (1,013,700)
(881,698)
(697,736)
(5,653,845) (4,126,316)
(1,470,139)
-
(5,560,972) (6,409,147)
(1,178,344) (48,086)
59,923 1,049,451
Other Comprehensive income
Gain on available – for - sale investments taken to equity
16
Total comprehensive (loss) income for the period
(1,118,421)
1,001,365
Notes to the financial statements are included on pages 24 to 39.
115th Annual Report 2010
21