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Annual report FY21

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A mother and young child embrace. The mother is cuddling her child from behind.
Two Labrador puppies sit next to each other outside
Yellow Labrador playing with a classic KONG

Revenue.

Income $
Gifts in Wills 20,043,415
Donations and other fundraising activities 11,363,195
NDIS, Medicare and other government revenue 5,898,879
Income from investments 2,138,559
Contract Services income 422,193
Other income 629,073
Total Revenue 40,495,314

Percentage of Income

  • Gifts in Wills — 49%
  • Donations and other fundraising activities — 28%
  • NDIS, Medicare and other government revenue — 15%
  • Income from investments — 5%
  • Contract Services income  — 1%
  • Other income  — 2%

Expenses.

Expenditure $
Client and community services 23,639,000
Costs of fundraising and gifts in Wills 5,545,665
Marketing 1,270,359
Governance, finance, and administration 6,198,096
Total Expenditure 36,653,120

Percentage of Expenditure

  • Client and community services — 65%
  • Costs of fundraising and gifts in Wills — 15%
  • Marketing — 3%
  • Governance, finance, and administration — 17%

Statement of Comprehensive Income.

2021 2020*
$’000 $’000
Gifts in Wills 20,043 29,670
Donations 11,288 15,254
Sale of fundraising merchandise 75 128
Investment income 2,139 1,228
NDIS, Medicare and other government revenue 5,899 4,478
Contract Services income 422 396
Other income 629 743
Revenue 40,495 51,897
Other gain/(losses)
Net gain/(loss) on financial assets including the fair value
movement through profit and loss
4,806 (1,522)
Net gain on disposal of non-current assets 37 17,389
Total income 45,338 67,764
Client Services costs (23,510) (24,353)
Community education and advocacy (129) (99)
Fundraising overheads including:
– Fundraising donor management (2,471) (2,510)
– Planned giving expenditure (832) (706)
– Appeal costs (2,242) (3,576)
Marketing (1,270) (1,272)
Governance and administrative services (6,198) (6,074)
Total expenses (36,652) (38,590)
Net surplus from ordinary activities 8,686 29,174
Other comprehensive income
Total comprehensive income 8,686 29,174

*Please refer to the full financial statements for the restatements of the FY20 numbers.

Statement of financial position.

2021 2020*
$’000 $’000
Current assets
Cash and cash equivalents 9,267 4,399
Trade and other receivables 1,171 1,875
Inventories 80 28
Other financial assets 8,667 42,650
Other current assets 357 287
Total current assets 19,542 49,239
Non-current assets
Other financial assets 17
Financial assets at fair value through profit or loss 66,399 36,452
Property, plant and equipment 15,988 8,358
Right of Use assets 2,457 3,065
Intangibles 28 3
Total non-current assets 84,872 47,895
Total assets 104,414 97,134
Current liabilities
Trade and other payables 1,932 2,343
Leasehold liabilities 1,179 1,427
Employee leave provisions 1,812 1,643
Total current liabilities 4,923 5,413
Non-current liabilities
Employee leave provisions 269 335
Leasehold make good liability 115 115
Leasehold liabilities 1,547 2,397
Total non-current liabilities 1,931 2,847
Total liabilities 6,854 8,260
Net assets 97,560 88,874
Accumulated funds
Accumulated surplus 96,204 87,518
Reserves 1,356 1,356
Total accumulated funds 97,560 88,874

*Please refer to the full financial statements for the restatements of the FY20 numbers.