STATEMENT OF CASH FLOW 2011 2010 CASH FLOWS FROM OPERATING ACTIVITIES Receipts from members & donors 12,345,404 10,709,349 Operating grant receipts 4,455,897 4,266,550 Payments to suppliers and employees (15,292,925) (12,100,926) Interest received 419,488 434,813 Borrowing costs paid (17,482) (20,888) Net cash provided by operating activities 1,910,382 3,288,898 CASH FLOWS FROM INVESTING ACTIVITIES Proceeds from sale of property, plant and equipment 1,192,693 1,236,303 Payments for property, plant and equipment (3,634,217) (7,314,725) Net cash used in investing activities (2,441,524) (6,078,422) CASH FLOWS FROM FINANCING ACTIVITIES Repayment of borrowings (72,756) (69,262) Net cash used in financing activities (72,756) (69,262) Net decrease in cash held (603,898) (2,858,786) Cash at beginning of financial year 9,056,214 11,915,000 Cash at end of financial year 8,452,316 9,056,214
INFORMATION AND DECLARATIONS TO BE FURNISHED UNDER THE CHARITABLE FUNDRAISING ACT 1991 Details of appeals in which traders were engaged 2011 2010 Raffles income 1,793,645 1,731,468 Donation income 9,402 8,107 Aggregate income 1,803,047 1,739,574 Aggregate direct expenditure: Fundraising 997,690 908,912 PR/Education 151,243 170,634 1,148,933 1,079,546 Net return/(loss) 654,114 660,028 The following comparisons, expressed as both a monetary figure and as a ratio, are provided for the total fundraising activities of the organisation. Total costs exclude expenditure on PR/ Education and Donor Management which have been classified as not directly related to fundraising for the purposes of these calculations. Comparison of the total costs of fundraising to gross income from fundraising Gross income 1,803,047 Total costs 997,690 % 55% Net surplus from fundraising to gross income from fundraising Gross income 1,803,047 Net surplus/(deficit) 805,356 % 45%
Pages 52 to 55 are excerpts from the Audited Financial Statements. The complete Statement of Accounts can be found online at www.surflifesaving.com.au
1,739,574 908,912 52% 1,747,682 830,663 48%
Annual Report 2010/11
53