FINANCIALSUMMARY

The PHF has engaged Ernest & Young to review the PHF Financial statements in line with the ACNC reporting standards. These statements can be accessed from the ACNC website once they are published mid 2023.

“Please see below a high level summary of the consolidated Purple Hands Foundation Ltd’s financial position as at 31 October 2022. This covers the full 19 months since inception of the Foundation.

Total Revenue : $877,410

Total Expenses : $387,165

Net Surplus : $490,245

Net Assets : $490,245

Note that the above Revenue includes a one-off funding contribution from the Fremantle Football Club of $400,000 In addition, the Fremantle Football Club has also provided the Purple Hands Foundation with approximately $223,962 in in-kind support over this period Net assets includes all future obligations of the Purple Hands Foundation as at 31 October 2022 ”