KU Financial Report
Notes to the Financial Statements
Continued...
2011
$
2010
$
13. Reserves
Fundraising reserve
Available-for-Sale Reserve (note 14)
2011
Balance at beginning of financial year
Transfer to general funds
Balance at end of financial year
2010
Balance at beginning of financial year
Transfer from general funds
Balance at end of financial year
1,192,584
477,759 1,261,579
1,109,374
1,670,343 2,370,953
Fundraising
Reserve (i)
$
Total
$
1,261,579 1,261,579
(68,995) (68,995)
1,192,584 1,192,584
Fundraising
Reserve (i)
$
Total
$
1,243,452 1,243,452
18,127 18,127
1,261,579 1,261,579
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 21
34
KU Children’s Services