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Financial StatementStatement of Financial ActivitiesReporting Year Ended 30 June 2024Notes 2024 2023Incoming resources $ $Donations 4 114,976 151,570Government grants 5 1,402,317 1,380,618Income from events 6 1,046,764 1,005,233Interest income %u2013 fixed deposits 60,303 34,323Membership fees 19A 797,538 757,261Total incoming resources 3,421,898 3,329,005Items of expenditureAmortisation expense 12 (152,106) (145,398)Depreciation expense 11 (23,002) (20,678)Employee benefits expense 7 (1,795,562) (1,643,698)Interest expense on lease liabilities (8,788) (1,862)Services consumed 8 (494,058) (433,901)Other operating expense 9 (585,381) (596,383)Total expenditure (3,058,897) (2,841,920)Net income before tax 363,001 487,085Income tax expense 10 - -Net income for the year 20 363,001 487,085Reconciliation of fundsBalance at the beginning of the year 2,915,600 2,428,515Balance at the end of the year 20 3,278,601 2,915,600The accompanying notes form an integral part of these financial statements.81 25TH ANNUAL REPORT | 2023 - 2024