WWF-Australia Annual Report 2010

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financialstatementsIndependent Audit Reportto the Directors of theBoard of World Wide Fundfor Nature AustraliaAuditor’s Report on theFinancial StatementsWe have audited the accompanying summarised financial report of World Wide Fund for NatureAustralia, comprising the summary balance sheet as at 30 June 2010, the income statement andstatement of changes in equity for the year then ended, which was derived from the financialreport of World Wide Fund for Nature Australia for the year ended 30 June 2010. We expressed anunmodified auditor’s opinion on that financial report in our auditor’s report dated 21 October 2010.The responsibility of the Directors of the Boardfor the summarised financial reportThe Directors of the Board are responsible for the preparation and presentation of thesummarised financial report in accordance with the accounting policies described in Note 1 tothe financial statements.Auditor’s responsibilityPricewaterhouseCoopersChartered AccountantsShannon MaherPartner – Sydney21st October 2010.Our responsibility is to express an opinion on the summarised financial report based on ourprocedures, which were conducted in accordance with Australian Auditing Standards. These AuditingStandards require that we comply with relevant ethical requirements relating to audit engagements.Auditor’s OpinionIn our opinion, the information reported in the summarised financial report is consistent, in allmaterial respects, with the financial statements from which it was derived.For a better understanding of the scope of our audit, this report should be read in conjunctionwith our audit report in the annual statutory financial report.Expenditure analysis 2009 and 201064% Conservation Program5% Community Education7% Fundraising – Investment in New Supporters13% Fundraising – Communication and Services11% Administration61% Conservation Program6% Community Education8% Fundraising – Investment in New Supporters14% Fundraising – Communication and Services11% Administration25 000 00020 000 00015 000 00010 000 0002009Total Expenditure$23,178, 079*2010Total Expenditure$18,364,018*5 000 000*Ex unrealised losses/gains on investments.20 WWF-Australia Annual Report 2010
Income Statement for theyear ended 30 June 2010Revenue2010$2009$Donations and Gifts – monetary and non-monetary 12,725,231 15,174,321Legacies and Bequests 451,000 336,288GrantsAusAID 150,000 418,648Other Australian 1,048,639 4,358,858Other overseas 2,515,905 2,999,128Investment income 314,962 397,607Other income – –Total Revenue 17,205,737 23,684,850ExpenditureInternational Aid and Development ProgramsExpenditureInternational ProgramsFunds to international programs 365,306 3,338,759Program support costs 252,297 487,496Total International Aid and DevelopmentPrograms Expenditure617,603 3,826,255Domestic Programs ExpenditureFunds to domestic programs 10,656,719 11,080,468Community education 1,067,090 1,134,988Fundraising costsPublic 3,990,881 4,632,680Government, multilateral and private – 17,362Unrealised (gain)/loss on Investments (5,085) 850,750Accountability and Administration 2,031,725 2,486,326Total Domestic Programs Expenditure 17,741,330 20,202,574Total Expenditure 18,358,933 24,028,829Shortfall of Revenue over Expenditure (1,153,196) (343,979)During the financial year, WWF-Australia had no transactions in the Evangelistic, Political or ReligiousProselytisation programs category.Income for the year ended 30 June 201066% Individual Supporters7% Government Grants15% WWF Network4% Corporations3% Legacies1% Trusts and Foundations2% Interest and Dividends Received2% OtherTotal Income 2010$17,205,737WWF-Australia Annual Report 201021
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WWF-Australia Annual Report 2010

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