QCWA Annual Report 2018-2019
The Queensland Country Women’s Association • Annual Report 2018–2019
The Queensland Country Women's Association The Queensland Country Women's Association
he Queensland Co ntry Women's Associatio
Notes to the Financial Statements For the Year Ended 30 June 2019 Notes to the Financial Statem nts For the Year Ended 30 June 2019
otes to the Financial Statements or the Year Ended 30 June 2019
8 Reserves
Reserves
8 Reserves
2019 $
2018 $
2019 $
2018 $
2019 $
2018 $
Summary Asset revaluation surplus
Summary Asset revaluation surplus
Summary Asset revaluation surplus
1,713,433 58,729,464 1,662,116 11,088,062
2,211,093 57,163,501 2,024,290 9,749,180
1,713,433 58,729,464 1,662,116 11,088,062
1,713,433 58,729,464 1,662,116 11,088,062 2,21 ,09 2,024, 90 9,749,180
2,211,093 57,163,501 2,024,290 9,749,180
General reserve Restricted funds Designated funds Other Reserves
General reserve Restricted funds Designated funds Other Reserves
General reserve Restricted funds Designated funds Other Reserves
57,163,501
265,302
213,423
265,302
265,302
213,423
213,423
73,458,377
71,361,488
73,458,377
73,458,377
71, 61,488
71,361,488
Asset revaluation surplus Opening balance
Asset revaluation urplus Opening balance
Asset revaluation surplus Opening balance
2,211,093 (497,660) 1,713,433
2,211,093
2,211,093 (497,660) 1,713,433
2,211,093 (497,660) 1,713,433 -
2, 1 ,093
2,211,093
Increase / (decrease) in asset revaluation surplus Increase / (decrease) in asset revaluation surplus
-
Increase / (decrease) in asset revaluatio surplus
-
2,211,093
2,21 ,09
2,211,093
General reserve Opening balance
General reserve Opening balance
General reserve Opening balance
57,163,501 2,594,550
61,097,830 (2,112,896) (1,821,433)
57,163,501 2,594,550
57,163,501 2,594,550
61,097,83 (2,112,896)
61,097,830 (2,112,896) (1,821,433)
Surplus / (deficit) for year Net transfers to reserves
Surplus / (deficit) for year Net transfers to res rves
Surplus / (deficit) for year Net transfers to reserves
(1,028,587)
(1,028,587)
(1,028,587) (1,821,433)
58,729,464
57,163,501
58,729,464
58,729,464
57,163,501
57,163,501
Restricted funds Opening balance
Restricted funds Opening balance
Restricted funds Opening balance
2,024,290 (362,174) 1,662,116 9,749,180 1,338,882 11,088,062
1,083,335
2,024,290 (362,174) 1,662,116 9,749,180 1,338,882 11,088,062
2,024,290 (362,174) 1,662,116 940,955 9,749,180 1,338,882 11,088,062 8,8 2,024 877,156 9,749,180 1,083,335 2,024, 90
1,083,335
Net increase / (decrease) in restricted funds
940,955
Net increase / (decr ase) in r stricted funds
Net increase / (decrease) in restricted funds
940,955
2,024,290
2,024,290
Designated funds Opening balance
Designated funds Opening balance
Designated funds Opening balance
8,872,024
8,872,024
Net increase / (decrease) in designated funds
877,156
Net increase / (decr ase) in designat d funds
Net increase / (decrease) in designated funds
877,156
9,749,180
9,749,180
Other Reserves Opening balance
Other Reserves Opening balance
Other Reserves Opening balance
213,423 51,879 265,302
210,101
213,423 51,879 265,302
213,423 51,879 265,302 3,322
210,101
210,101
Net increase / (decrease) in reserves
3,322
Net increase / (decr ase) in r serv s
Net increase / (decrease) in reserves
3,322
213,423
213,423
213,423
Asset revaluation surplus:
Asset revaluation urplus:
Asset revaluation surplus:
The asset revaluation surplus is used when a revaluation is performed on a fixed asset. For the 2018 year, there were no movements in this reserve. The asset revaluation surplus is used when a revaluation is performed on a fixed asset. For the 2018 year, there were no movements in this reserve.
The asset revaluation surplus is used when a revaluation is performed on a fixed asset. For the 2018 y ar, there were no movements in this res rve.
General reserve:
General reserve:
General reserve:
General funds represent the Association's accumulated surplus or deficit from operations. General funds represent the Association's accumulated surplus or deficit from operations.
General funds represent the Association's accumulated surplus or deficit from operations.
FINANCIAL
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