15. Reserves
2010
$
2009
$
Fundraising reserve 1,261,579 1,243,452
Investments revaluation reserve (note 16) 1,109,374 1,049,451
2,370,953 2,292,903
2010
Balance at beginning of financial year
Transfer to retained earnings
Balance at end of financial year
2009
Balance at beginning of financial year
Transfer from retained earnings
Balance at end of financial year
Fundraising
Reserve (i) $
Salary Reco very
Fund $
1,243,452
18,127
1,261,579
Fundraising
Reserve (i)$
1,211,763
31,689
1,243,452
-
-
-
Salary Recovery
Fund $
800,000
(800,000)
-
Total $
1,243,452
18,127
1,261,579
Total $
2,011,763
(768,311)
1,243,452
The fundraising reserve arises from the accumulated efforts of parents and staff to allow services to purchase
optional toys and equipment, to assist the service to expand and develop to meet local needs and to allow
parents to share in the life of the service and to make a concrete contribution to their children’s lives.
(i) Further notes on fundraising are set out in Note 23
16. Investments revaluation reserve
Balance at beginning of financial year
Valuation (loss)/gain
Balance at end of financial year
2010
$
1,049,451
59,923
2009
$
-
1,049,451
1,109,374 1,049,451
The investments revaluation reserve arises on the revaluation of available-for-sale financial assets. Where a
revalued financial asset is sold that portion of the reserve which relates to that financial asset, and is effectively
realised, is recognised in profit or loss. Where a revalued financial asset is impaired that portion of the reserve which
relates to that financial asset is recognised in profit or loss.
115th Annual Report 2010
33