RAISE 2021 Evaluation & Annual Report_Web

Audited accounts 2021

Statement of financial position For the year ended 31 December 2021

2021

2020

Note

$

$

Assets Cash and cash equivalents Trade and other receivables

7 8

4,084,994

3,115,688 210,334

186,188 57,547

Other assets

18,251

Total current assets

4,328,729

3,344,273

Property, plant and equipment

9 11

20,766

Right-of-use asset

259,067 279,833

25,657 25,657

Total non-current assets

Total assets

4,608,562

3,369,930

Liabilities Trade and other payables

10

379,443

141,931 25,356 131,281 53,354 351,922

Lease liability

11

91,101

Deferred income

12 13

209,000 106,306 785,850 194,443 194,443

Employee benefits provision

Total current liabilities

Lease liability

11

— —

Total non-current liabilities

Total liabilities

980,293

351,922

Net assets

3,628,269

3 ,018,008

Trust’s Funds Settlement sum

14

10

10

Accumulated surplus

3,484,183

3,017,998

Other reserves

144,076

Total Members’ funds

3,628,269

3,018,008

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

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