Annual Report 1998/99

AUDITOR'S REPORT

INDEPENDENT AUDIT REPORT TO THE MEMBERS OF TENANTS ADVICE SERVICE (INC.)

FOR THE PERIOD ENDED 30/6/1999

NOTES TO FINANCIAL ACCOUNTS FOR YEAR ENDED 30TH JUNE 1999

  1. Summary of Significant Accounting Policies
    The attached financial reports are not general - purpose financial reports.
    They are "special purpose financial reports" prepared for funding bodies to enable compliance with the funding conditions.
    The financial reports have been prepared on an accrual basis.
  2. Grant money received for accreditation of community legal education and training.
  3. Includes income from memberships, manual and other publication sales, donations and reimbursements.
  4. Increase in the cost of contents insurance to extend the cover of specific equipment to off-site venues.
  5. Includes the reprinting, up-dating and new information sheets for the Tenants Right Manual. Printing of a new 'Guide to Renting in WA for Young People'. reprints of Tenants Rights Manual
  6. Includes conference expenses, membership levies, office equipment and advice to management committee.
  7. Includes wages, leave loading, annual leave and relief expenditure.

 

INCOME AND EXPENDITURE STATEMENT

FOR THE YEAR ENDED 30TH JUNE 1998

OPERATING INCOME 1999 NOTES 1998
       
Community Legal Centre Grant $109,596   $102,108
Rental Accommodation Fund Grant $238,000   $203,299
DIEA Grant $0   $0
Other Grant $4,225 2 $0
Bank Interest $3,782   $2,952
Sundries $4,652 3 $6,121
       
TOTAL OPERATING INCOME $360,255   $314,480
       
OPERATING EXPENSES      
Accounting Audit $1,230   $1,120
Advertising/Publicity $324   $167
Bank Charges $36   $19
Depreciation $8,406   $11,870
Disbursements $733   $518
Employment Advertisements $2,000   $660
Forum/Meeting Costs $493   $331
Insurance $3,275

4

 $2,721
Library $2,345   $2,329
Office Supplies $5,185   $6,837
Postage $5,664   $6,432
Practising Certificate $500   $820
Premises Overheads $10,348   $10,254
Publications/Photocopying $19,896 5 $20,935
Repairs & Maintenance $4,250   $4,673
Staff Development $4,130   $3,111
Telephone/Fax $9,289   $7,291
Travel $2,969   $5,304
Other Expenses $21,216 6 $7,258
Wages and Salaries $240,470 7 $233,272
Superannuation $16,586   $12,188
       
TOTAL OPERATING EXPENSES $359,345   $338,110
       
OPERATING EXCESS/(DEFICIT) $910   $23,630
       
CAPITAL GRANT RECEIVED $0.   $18,890
       
DEFICIT/SURPLUS FOR THE YEAR $910   ($4,740)
Accumulated Funds at beginning of year $38,674   $43,414
       
Capital grant expended during the year $0   $0
       
Accumulated funds at end of year $39,584   $38,674

 

BALANCE SHEET AT 30TH JUNE 1999

ASSETS 1999   1998
       
CURRENT ASSETS      
Cash at Bank - General Cheque Account ($8,144)   -($15,538)
Cash at Bank - Cash Management Account $57,345   $61,693
Debtors $271   $231
Cash at Bank - Fixed Term Deposit $28,680   $27,104
Cash on Hand $200   $200
Prepayments $4,720   $3,889
TOTAL CURRENT ASSETS $83,072   $77,579
       
NON-CURRENT ASSETS      
Furniture & Fittings      
Furniture & Fittings at cost $13,642   $11,967
Furniture & Fittings Depreciation $4,733   $2,751
Total Furniture & Fittings $8,909   $9,216
Office Equipment      
Office Equipment at cost $26,823   $25,918
Office Equipment Depreciation $16,847   $10,423
Total Office Equipment $9,9675   $15,495
TOTAL NON-CURRENT ASSETS $18,885   $24,711
       
TOTAL ASSETS $101,957   $102,290
       
Less:      
LIABILITIES      
       
CURRENT LIABILITIES      
Creditors $534   $725
Unexpended Capital Grants $0   $0
Unexpended Operational Grants $0   $0
Payroll Liabilities $3,223   $1,815
Fringe Benefit Liabilities $892   $278
       
Provision for Annual Leave/Relief $14,755   $20,435
Provision for Severance Pay $23,602   $19,251
Committed Expenditure $5,500   $0
TOTAL CURRENT LIABILITIES $48,506   $42,504
       
NON-CURRENT LIABILITIES      
Provision for Long Service Leave $13,866   $21,110
TOTAL NON-CURRENT LIABILITIES $13,866   $21,110
       
TOTAL LIABILITIES $62,372   $63,614
       
NET ASSETS $39,585   $38,676
       
ACCUMULATED FUNDS $39,585   $38,676