Life Education Australia annual review 2O1O - Hunter Life Education

Summary of Financial ActivityINCOMEGrantsSchool FeesDonations & FundraisingInterest & MiscellaneousTOTALS2009-10 2008-09$3,027,380 $2,910,970$4,790,160 $4,206,039$2,762,831 $2,436,573$885,880 $1,494,636$11,466,251 $11,048,218EXPENDITURE 2009-10 2008-09Program Delivery $7,870,670 $7,004,424(employee costs)Other Delivery costs $2,493,017 $1,898,664Administration & $2,064,786 $2,516,746MiscellaneousTOTALS $12,428,473 $11,419,834BALANCE SHEET 2009-10 2008-09Current Assets $6,253,410 $6,355,230Non-Current Assets $2,952,273 $3,058,321Current Liabilities -$2,593,212 -$1,809,597Non-Current Liabilities -$201,813 -$249,565Net Assets $6,410,658 $7,354,389INCOME 2009-10 2008-09NATIONAL $971,340 $1,288,437NSW/ACT $5,291,079 $5,626,030QLD $1,251,707 $1,260,785NT $124,859 $124,859WA $286,943 $291,949SA $934,391 $928,836VIC/TAS $2,605,932 $1,527,322TOTAL $11,466,251 $11,048,218EXPENDITURE 2009-10 2008-09NATIONAL $1,265,201 $1,527,825NSW/ACT $5,798,201 $5,800,218QLD $1,440,367 $1,221,575NT $123,364 $123,364WA $344,450 $289,232SA $933,853 $1,059,993VIC/TAS $2,523,037 $1,397,627TOTAL $12,428,473 $11,419,834• Revenue in 2009/10 of $11.4 million was sourced, across the organisation, from school fees (42%), grants (26%), fundraising(24%) and other sources (8%).• Collectively, across the organisation in 2009/10, we spent approximately $12.4 million, 83% of which is incurred in directprogram delivery costs – primarily associated with the Educator and the Mobile Learning Centre.• In 2009/10 these direct program delivery costs – approximately $10.3 million - were the equivalent of approximately $16.90per student participating in the program.• The remaining 17% – approximately $2.1 million or $3.40 per participating student - was spent on ongoing programdevelopment, program evaluation and the provision of support for program delivery as well as fundraising.• A notional consolidated operating loss was incurred in 2009/10 of approximately $962,000. This compares with a loss of$372,000 in 2008/09.DISCLAIMER: Life Education Australia and its Affiliated Members, Life Education NSW, Life Education VIC, Life Education Qld, Life Education SA,Life Education WA and Life Education NT, are separately incorporated. The consolidated figures presented above have been compiled from thefinancial statements of these entities as well as a small number of independent fundraising committees. The major entities contributing to theconsolidated figures are independently audited. The consolidated figures presented above have not been audited. This information is provided asa guide only.22