1 Annual Report 2013 - 2014

Financial Report, 2013/14
Robin Christmas, as part time Finance Officer, has been able to provide the
Treasurer, the Board of Management, and the General Manager with up to date
financial information for this financial year. The group has completed another
very busy year, with an overall operating surplus of $2,068.19 after allowing for
depreciation of $31,800.
The small positive result reflects the tight budget in operating costs for the
financial year and also the necessity for raising our own funds outside of our
Government grants. As you can see Group Funds raised amounted to
$53,469.67.This figure gives you an idea of our shortfall in funding.
Income and Expenditure for the year ended
30th June 2014
Total Income $536,929.67
Funding income $483,460.00
Derived from Queensland Department of Justice and Attorney-General grant of $361,460 paid half
yearly. The increase over last year was due to indexation paid.
However, this does not cover the full increase in our award wages and expenses.
We also received funding by DOJ for Peer Support Program of $122,000 paid half yearly and not
indexed.
Group Income $53,469.67
Made up of bank interest, donations, fundraising, memberships, loss on disposal and sale of assets,
other grants and a special Capital Grant from the Queensland Department of Justice and Attorney
General. This was to set up our Peer Support Program in North QLD and Darling Downs.
Total Expenses $534,861.48
Funding Expenses $497,524.88
Funding expenses increased on last year by $22,611.85 but is offset by Capital Grants and Group
Income of $53,469.67 This resulted in our Surplus of $2,068.19
Most expenses have been kept under control this year but it is difficult to compare this year with the
previous year due to new funding resulting in an increase in overheads and wages.
Group Expenses $ 37,236.60
Made up of funded expenses, member payments, fundraising expenses, promotions and memorials,
volunteer costs.
Group Summary:-
Total Income
Total Expenses
Surplus
$536,929.67
$534,861.48
$ 2,068.19
All figures are net of GST – All reports are based on accrual accounting.
27 Annual Report 2013 - 2014