KU2021
15 . Fundraising Reserve
2021 2020
$ $ Balance at beginning of financial year 1,077,931 1,097,166 Transfer to general funds ( 37,902 ) ( 19,235 ) Balance at end of financial year 1,040,029 1,077,931
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 .
Further notes on fundraising are set out in Note 23 .
16 . Non-current assets - right-of-use assets
2021 2020
$ $ Right-of-use assets 10,423,453 12,067,882 Less : Accumulated depreciation ( 5,162,583 ) ( 5,359,473 ) Balance at end of financial year 5,123,369 6,708,409
Reconciliations Reconciliations of the written down values at the beginning and end of the current and previous financial period are set out below .
Balance at beginning of year 6,708,409 8,545,100 Additions 1,485,940 995,564 Depreciation Expense ( 3,070,980 ) ( 2,832,255 )
Balance at end of year 5,123,369 6,708,409
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