QCWA Annual Report 2018-2019

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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

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

57,163,501

265,302

213,423

265,302

213,423

73,458,377

71,361,488

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

57,163,501 2,594,550

61,097,830 (2,112,896) (1,821,433)

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) (1,821,433)

58,729,464

57,163,501

58,729,464

57,163,501

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

Designated funds Opening balance

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

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

Net increase / (decrease) in reserves

3,322

Net increase / (decr ase) in r serv s

Net increase / (decrease) in reserves

3,322

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 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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