KU Financial Report KU Financial Report 2022 | Page 13

FINANCIAL REPORT
Statement of Changes in Equity for the Year Ended 31 December 2022
General Funds
$
Fundraising Reserve
$
Total $
Balance at 1 January 2021
42,442,541
1,077,931
43,520,472
Deficit 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
Balance at 1 January 2022
38,665,097
1,040,029
39,705,126
Deficit for the year
( 1,503,830 )
-
( 1,503,830 )
Transfer from /( to ) general funds
2,073
( 2,073 )
-
Balance at 31 December 2022
37,163,340
1,037,956
38,201,296
The Statement of Changes in Equity is to be read in conjunction with the notes .
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