KU Financial Report KU Financial Report 2021 | Page 13

FINANCIAL REPORT
Statement of Changes in Equity for the Year Ended 31 December 2021
General Funds
$
Fundraising Reserve
$ Balance at 1 January 2020 36,527,597 1,097,166 37,624,763 Prior year adjustment ( 1,360,438 ) - ( 1,360,438 ) Balance at 1 January - As restated 35,167,159 1,097,166 35,264,325
Surplus for the year 7,648,697 - 7,648,697 Prior year adjustment ( 392,550 ) - ( 392,550 ) Surplus for year restated 7,256,147 - 7,256,147
Transfer from /( to ) general funds 19,235 ( 19,235 ) - Prior year adjustment
Balance at 31 December 2020 42,442,541 1,077,931 43,520,472 Balance at 1 January 2021 42,442,541 1,077,931 43,520,472
( Deficit )/ Surplus for the year ( 3,815,346 ) - ( 3,815,346 ) Transfer from /( to ) general funds 37,902 ( 37,902 ) -
Balance at 31 December 2021 38,665,097 1,040,029 39,705,126
Total $
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