Annual Report 2004 – 2005 - pilch

FINANCIAL REPORTS
Statement of financial operations for the year ended 30 June 2005
Public Interest Law Clearing House (Vic) Inc. Reg. No. A0029409J
Notes 2004-05 2004-05 2004-05 2004-05 2004-05 2003-04
PILCH HPLC LIV VICBAR TOTAL TOTAL
Income $ $ $ $ $ $
Membership 260,008 - - - 260,008 187,998
VLF Grant 2,727 - - - 2,727 0
LIV Management Fees - - 126,912 - 126,912 96,022
VICBAR Management Fees - - - 114,633 114,633 81,156
Homelessness Project - 76,875 - - 76,875 75,000
Interest received 6,378 1,962 798 3,060 12,198 9,686
Training/ Teaching Fees - 1,585 - - 1,585 6,809
Event registration 41,311 4,473 - - 45,784 4,019
Court Ordered Costs - 7,340 - - 7,340 0
Refund & Reimbursements 52,123 704 371 1 53,199 2,928
Other income 4,400 34,135 2,100 2,200 42,835 1,012
Donations 150 16,884 - - 17,034 395
Total Income 367,098 143,958 130,181 119,894 761,131 465,023
PUBLIC INTEREST LAW CLEARING HOUSE INC. REG. NO. A0029409J Notes to and
forming part of the Special Purpose Financial Statements for the year ended 30 June 2005.
Note 1 - Statement of Accounting Policies
These financial statements are special purpose financial reports prepared for use by
the Board and members of the Public Interest Law Clearing House Inc. The Board has
determined that the Association is not a reporting entity and there is no requirement
to apply all Accounting Standards, UIG Consensus Views and other mandatory
professional reporting requirements in the preparation and presentation of these
statements.
These statements are prepared on an accrual basis from the records of the Association.
They are based on historic costs and do not take into account changing money value or
except where stated, current valuations of non-current assets. Accounting policies have
been consistently applied, unless otherwise stated.
Expenditure
Payroll 215,633 79,514 82,882 70,650 448,679 325,133
Salary oncost 32,072 9,189 5,004 14,185 60,450 41,578
Occupancy 20,257 6,221 10,164 9,559 46,201 36,171
Other expenses 7,240 4,386 12,914 12,062 36,603 25,943
Conference attendance, travel & event staging costs 24,497 20,948 839 209 46,492 16,211
Communications 7,780 2,476 3,806 3,791 17,852 14,207
Amenities, postage & stationery 8,410 1,810 6,338 2,957 19,515 13,291
Printing 3,090 1,097 1,545 1,475 7,207 11,520
Depreciation 2 6,224 1,333 246 2,537 10,339 8,100
Equipment repairs & replacements 3,360 800 1,446 1,484 7,090 6,385
Finance & Insurance 2,945 860 1,292 1,169 6,265 6,135
Library & Membership 1,650 684 764 879 3,978 4,816
Consultants 125 500 - - 625
Note 2 - Depreciation
Provision is made for the depreciation of all non-current assets, over the
effective life of each asset. Depreciation is applied using the straight line
method and commences from the first full month the asset is held for
use. The rates of depreciation applied are:
Computer Equipment 30%
Office Furniture & Fittings 10%
Note 3 - Long Service Leave Provision
Provision is made for Long Service Leave for all eligible employees.
Total expenditure 333,282 129,818 127,240 120,957 711,297 509,489
Surplus (Deficit) for year 33,816 14,140 2,940 (1,063) 49,834 (44,466)
Accumulated Funds as at 1 July 2004 181,415 4,352 8,949 27,863 222,578 257,044
Surplus (Deficit) for year 33,816 14,140 2,940 (1,063) 49,834 (44,466)
Transfer from Reserves - - - - 10,000
Accumulated Funds as at 30 June 2005 215,231 18,492 11,890 26,800 272,412 222,578
John Davies – Bookkeeper
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