BUSHkids Annual Report 2018-2019

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019

2019

2018

7 – REMUNERATION OF COUNCILLORS No Councillor of Royal Queensland Bush Children’s Health Scheme received or is due to receive any remuneration for the year ended 30 June 2019.

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8 – REMUNERATION OF AUDITORS Auditing the Financial Statements

5,400

4,600

9 – CONTINGENT ASSETS & LIABILITIES There were no contingent assets or liabilities as at 30 June 2019.

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10 – STATEMENT OF CASHFLOWS a) Reconciliation of Cash

For the purposes of the Statement of Cash Flows, cash includes cash on hand and in banks and investments in money market instruments, net of outstanding bank overdrafts. Cash at the end of the financial year as shown in the Statement of Cash Flows is reconciled to the related items in the balance sheet as follows: Cash on Hand

3,150

2,470

5,636,670 5,639,820

Cash at Bank

4,648,603 4,651,073

65

b) Reconciliation of Operating Surplus (Loss) after Income Tax to Net Cash used by Operating Activities Operating Surplus

843,972 293,406 90,973 (21,987) (33,277) (225,990) (111,371)

345,915 226,689 37,394 (197,843)

Depreciation

Employee Entitlements

(Profit) Loss on Sale of Property, Plant & Equipment and Investments

Changes in Assets and Liabilities Decrease (increase) in prepayments Decrease (increase) in receivables Decrease (Increase) in inventory

(1,337)

1,489

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94,727 75,549

Increase (decrease) in creditors and accrued expenses Increase (decrease) in grants received in advance

35,394

1,357,656 1,805,357

Net cash used in operating activities

1,006,002

11 – CAPITAL EXPENDITURE COMMITMENTS There are no major capital expenditure commitments at 30 June 2019. 12 – SUBSEQUENT EVENTS Nothing has occurred since 30 June 2019 which would have a material effect on these financial statements.

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A N N UA L R E P O R T

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