Income Statement

ACFID Compliance

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 complete set of ACFID financial statements according to their prescribed format and standards. These are available at redcross.org.au/files/Financials_2014.pdf. Alternatively, call the Supporter Services Centre on 1800 811 700 to request a printed copy. For further information on the Code’s requirements, please refer to the ACFID Code of Conduct Implementation Guidance available at acfid.asn.au.

Income Statement for the financial year ended 30 June 2014

The Income Statement discloses the revenue and expenses during the financial year ending 30 June 2014.

	HUMANITARIAN SERVICES	SOCIETY	HUMANITARIAN SERVICES	SOCIETY
	2014	2014	2013	2013
	$'000	$'000	$'000 (restated)	$’000 (restated)
REVENUE
Donations and gifts¹	82,131	82,131	79,046	79,046
Legacies and bequests²	15,507	15,507	16,720	16,720
Grants
• Department of Foreign Affairs and Trade	22,789	22,789	23,907	23,907
• other Australian	354,873	915,978	280,142	836,683
• other overseas	3,276	3,276	3,404	3,404
Investment income	4,771	12,879	6,955	15,134
Other income³	43,536	56,123	39,029	48,896
Total revenue	526,883	1,108,683	449,203	1,023,790
EXPENDITURE
International Aid and Development Programs expenditure
• funds to international programs	37,276	37,276	30,268	30,268
• program support costs	4,329	4,329	4,076	4,076
• community education	1,147	1,147	1,001	1,001
Domestic programs	370,076	925,973	329,027	889,639
• Blood Service	-	555,897	-	560,612
• Migration Support	280,930	280,930	207,109	207,109
• Social Inclusion	35,425	35,425	18,022	18,022
• Location disadvantage	32,143	32,143	16,950	16,950
• Disaster and emergency services	10,454	10,454	10,106	10,106
• Aboriginal & Torres Straight Islander Programs	7,218	7,218	6,901	6,901
• Emergency Appeals	3,780	3,780	14,630	14,630
• Other	126	126	55,309	55,309
Fundraising costs⁴
• public, government, multilateral and private	27,043	27,043	15,864	15,864
Retail and Commercial activities	42,708	42,708	46,052	46,052
Accountability and Administration⁵	42,169	42,169	23,265	23,265
Total expenditure	524,748	1,080,645	449,553	1,010,165
Excess of revenue over expenditure from continuing operations	2,135	28,038	(350)	13,625
This Income Statement conforms with the ACFID prescribed format and standards and should be read in conjunction with the other components of the ACFID Financial Statements, as well as the Financial Statements and accompanying notes on pages 6-44 of the full Financial Report available at redcross.org.au/files/Financials_2014.pdf. ¹ During the financial year nil (2013: $603,000) was recorded as non-monetary donations and gifts. In addition to those goods which are capable of reliable measurement, the organisation has received donated goods for sale in its retail outlets as well as volunteer hours in providing community services. Significant contributions are also received by way of gifts in kind as pro bono support from corporate partners and volunteers. These goods and services are of a nature for which fair value cannot be reasonably determined and have not been recorded in this income statement. There has been no non monetary expenditure included in the income statement. ² Legacies and bequests generated an additional $85,000, recorded as Investment Income in the above income statement. In the financial statements this income is classified as investment income. ³ Other income includes revenue from retail activities and training services. ⁴ Fundraising costs include both International and Domestic programs. There have been no costs incurred for Government, multilateral and private fundraising costs. ⁵ Accountability, administration and marketing costs include both International and Domestic programs. During the financial year there were no transactions (2013:nil) in the International Political or Religious Adherence Promotion program category.