The Income Statement discloses the revenue and expenses during the financial year ending 30 June 2013. The Income Statement and Table of Cash Movements for Designated Purposes provided overleaf represent a true reflection of the financial accounts for this year.
Australian Red Cross receives significant contributions by way of gifts in-kind and pro bono support from corporate partners and volunteers but does not currently recognise these in the financial statements.
|HUMANITARIAN SERVICES||SOCIETY||HUMANITARIAN SERVICES||SOCIETY|
|Donations and gifts 1||79,046||79,046||48,522||48,522|
|Legacies and bequests||16,720||16,720||12,309||12,309|
|• other Australian (including the Blood Service)||280,142||836,683||209,110||753,474|
|• other overseas||3,404||3,404||4,295||4,295|
|International Aid and Development Programs expenditure|
|• funds to international programs||30,268||30,268||53,188||53,188|
|• program support costs||4,076||4,076||5,241||5,241|
|• community education||1,001||1,001||1,097||1,097|
|Fundraising costs 2|
|• public, government, multilateral and private||15,864||15,864||15,965||15,965|
|Retail and Red Cross College expenditure||46,052||46,052||53,734||53,734|
|Accountability and Administration 3||21,814||21,814||22,694||29,620|
|Excess of revenue over expenditure from continuing operations||1,100||27,322||1,148||39,409|
1 During the financial year $603 thousand (2012: $1,201 thousand) was recorded as non-monetary donations and gifts. In addition to those goods which are capable of reliable measurment, the organisation has received donated goods for sale in its retail outlets as well as volunteer hours in providing community services. These goods and services are of a nature for which a fair value cannot be reasonably determined and have not been recorded in these financial statements.
During the financial year there were no transactions (2012: nil) in the Political or Religious Adherence Promotion program category.
Australian Red Cross is a signatory to the Australian Council for International Aid and Development (ACFID) Code of Conduct and is committed to full adherence to its requirements. The Code aims to improve international development outcomes and increase stakeholder trust by enhancing the transparency and accountability of signatory organisations.
The ACFID Code of Conduct offers a mechanism to address concerns relating to signatories’ conduct. Complaints against Australian Red Cross may be initiated by any member of the public and lodged with the ACFID Code of Conduct Committee at acfid.asn.au/code-of-conduct/complaints or for further information on the ACFID Code please see ACFID website acfid.asn.au.
As a signatory, Australian Red Cross is required to publish the financial statements on the following pages, according to their prescribed format and standards. An explanation is provided ahead of each Statement to assist readers in understanding their purpose and content. For further information on the Code’s requirements, please refer to the ACFID Code of Conduct Implementation Guidance available at acfid.asn.au.
The information provided in this section should be read in conjunction with the financial statements and accompanying notes on pages 5-43 of the full Financial Report. A printable copy of the full Financial Report is available at redcross.org.au/files/Financials_2013.pdf. Alternatively, call the Supporter Services Centre on 1800 811 700 to request a printed copy.