Annual Report 2014 - 2015

More documents

Recommendations

Info

Financial Report, 2014/15 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 $678.24 after allowing for depreciation of $25,667. 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. Income and Expenditure for the year ended 30th June 2015 Total Income $711,988.24 Funding income $494,516.00 Derived from Queensland Department of Justice and Attorney-General grant of $372,516 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. OPCK Funding and income $150,785.84 Derived from one off grant $150,000 from Premier’s Dept. and $785.84 in sales Group Income $66,686.40 Made up of bank interest $7291.53, donations $5506.11, fundraising $53788.82, memberships $4010.85, loss on disposal and sale of assets ($3960.91), Total Expenses $711,310.00 Funding Expenses $515,929.49 Funding expenses increased on last year by $18,304.61 but is offset by Capital Grants and Group Income of $66,446.40 This resulted in our surplus of $438.24 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. OPCK Funding Expenses $148,815.82 Made up of Capital costs $4069.09 Consultancy $100,000 Wages costs $10,949.28 Travel costs $1163.05 Fees and purchases $13,634.40 Deferred Income $19000 Group Expenses $ 46,564.69 Made up of funded expenses $7548.81, member payments $630, fundraising expenses $10860.76, new website $480, promotions and memorials $10860.76, volunteer costs $643.66 and group wages for toil $16338.21. Group Summary:- Total Income Total Expenses Surplus $711,988.24 $711,310.00 $ 678.24 All figures are net of GST – All reports are based on accrual accounting. 29 Annual Report 2014-2015
ASSETS Petty Cash on hand $ 300.00 Rental Bond Authority $ 1,620.00 BOQ General Account $ 3,155.63 ING Investment Account Balance Sheet as at 30th June 2015 Deposits for banking $ 583.50 Accounts Receivable $ 1561.11 Prepayments $ 204.55 BOQ Group Account $ 100.00 BOQ Web Account $98,656.73 BOQ Term Deposit $10,000.00 $ 58,967.23 Cash reserves are set aside for capital replacements, staff award increases and staff wage entitlement provisions. All general banking is conducted with Bank of Queensland and surplus funds are kept in the ING Investment Account and Bank of Queensland Web Account and a Term Deposit to maximize interest earned, currently at 2.25% for ING and 2.00% for BOQ and 3months Term Deposit 2.70% TOTAL CURRENT ASSETS FIXED ASSETS $174,148.75 Vehicles, Furniture, Plant & Equipment During the year purchases of new assets amounted to $11,528.08 including – NQ Chair, desk NQ, Banners OPCK, BBQ, Esky, Cabinet, Marquee, USB Backups. $2,368.20. Assets funded by DOJ for Peer Support Program $9,159.88 NON CURRENT ASSETS $ 72,406.22 TOTAL ASSETS $245,554.97 TOTAL LIABILITIES $167,115.43 Made up of current liabilities- accounts payable $15,192.45, petty cash $265.75, employee entitlements $85,032.28, Group Income deferred $20,145 Tax refund payable –GST and PAYE ($4,735.36) Long term liabilities - motor vehicle loans - ANZ $28,778.64 St George $22,306.67 NET ASSETS (Members Funds) $ 80,439.54 Report for Operating Year 2014/15 Costs associated with the ongoing function of QHVSG increase annually and leave us with the continuing problem of finding extra funding. It is unfortunate for us to have to acknowledge that shortfall of funding is a limiting factor in the services that we provide to our members and the community, in that we cannot provide full time employment to all our staff. This places added pressure on the organization in maintaining support services and does not allow for any expansion in this area. There is no doubt that demands for our services increases each year, and as a consequence, additional staff hours and more administration costs also increase. Therefore, we need to seriously address fundraising, and/or seek continued government funding. To this end, the input of suggestions from all concerned members, staff, and other interested people will be welcomed to ensure this deserving organization can continue the work it was set up to perform. There can also be no doubting the organization has come a long way since 1995, when it was created by founding members in Townsville. It was self-funded in the beginning, and on 27 th of April 1998, QHVSG became a partly funded organization. A special thanks to our current funding body- Queensland Government Department of Justice and Attorney General – Victims Assist Queensland. For the Hon. Treasurer 30 Annual Report 2014-2015
Page 1 and 2: Annual Report 2014-2015
Page 3 and 4: OUR CORE VALUES We are committed to
Page 5 and 6: QHVSG Team Board of Management 2014
Page 7 and 8: to be reckoned with in the communit
Page 9 and 10: “Slammed” which is a compilatio
Page 11 and 12: Over the years that follow, QHVSG e
Page 13 and 14: Those in Support Paula Starmer Debo
Page 15 and 16: Soraya Seklaoui inspiration to make
Page 17 and 18: I look forward to continuing to dev
Page 19 and 20: time to support our members at our
Page 21 and 22: Scott Furlong Tina Good Sherrie Mey
Page 23 and 24: Court Support This has been a very
Page 25 and 26: Community Presentations This year,
Page 27 and 28: Volunteers - Non Victim Catherine A
Page 29: McInnes Wilson McInnes Wilson Lawye

Annual Report 2014 - 2015

You also want an ePaper? Increase the reach of your titles

Delete template?

Save as template?