Raise_2022 Evaluation & Annual Report_Web

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39

Audited accounts 2022 Statement of financial position For the year ended 31 December 2022 2022

2021

Note

$

$

Assets Cash and cash equivalents Trade and other receivables

5 6

4,007,939

4,084,994

239,928

186,188

Other assets

37,601

57,547

Total current assets

4,285,468

4,328,729

Property, plant and equipment

7 8

16,551 172,711

20,766

Right-of-use asset

259,067 279,833

Total non-current assets

189,262

Total assets

4,474,730

4,608,562

Liabilities Trade and other payables

9 8

543,338 96,489 570,037

379,443

Lease liability

91,101

Deferred income

10

209,000 106,306 785,850

Employee benefits provision

2

167,102

Total current liabilities

1,376,966

Lease liability

8

100,669

194,443

Employee Benefits Provision Total non-current liabilities

12

9,134

-

109,803

194,443

Total liabilities

1,486,769

980,293

Net assets

2,987,961

3,628,269

Settlement sum

10

10

Accumulated surplus

2,843,875

3,484,183

Other reserves

144,076

144,076

Total Members’ funds

2,987,961

3,628,269

The notes on pages 12 to 24 are an integral part of these financial statements.

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