WWF-Australia had a year characterised by challenges in income generation, which was down 6% in total on the prior year (and 10% lower than the five-year strategic plan target), driven mainly by lower legacy and bequests income and marginal regular giving growth.
Cumulatively, income has still grown by 44% since the beginning of the current five-year plan period. Core costs including administration and fundraising were consequently tightly managed, and reduced by 3% on the prior year.
WWF-Australia was able to deliver on its commitment to conservation programs and expended $18.8 million on total conservation efforts. This was a 7% increase on the prior year and broadly in line with the five-year strategic plan, which seeks to double conservation spending to over $20 million.
The result of the above income and expenditure was that WWF-Australia recorded a deficit of $2.5 million for the year, planned and made possible by the carrying forward of a very healthy level of reserves. It is noted that the budget for the new financial year targets a return to a low deficit result and a focus on maintaining the committed supporter base.
© WWF-Aus / Holly Bradford
Partner – Sydney
21 October 2015
The accompanying summary Financial Overview, of World Wide Fund for Nature Australia Limited, comprising the balance sheet as at 30 June 2015, the statement of comprehensive income and the statement of changes in equity for the year then ended, are derived from the audited financial report of World Wide Fund for Nature Australia for the year ended 30 June 2015. We expressed an unmodified auditor’s opinion on that financial report in our auditor’s report dated 21 October 2015.
The summary Financial Overview do not contain all the disclosures required by Australian Accounting Standards and the Australian Charities and Not-for-profits Commission Act 2012, Charitable Fundraising Act 1991 (NSW) and Charitable Fundraising Regulations 2008 (NSW) and the Australian Council for International Development Code of Conduct applied in preparation of the audited financial report of World Wide Fund for Nature Australia. Reading the summary Financial Overview, therefore, is not a substitute for reading the audited financial report of World Wide Fund for Nature Australia.
Director’s responsibility for the summary Financial Overview The Directors of the Board are responsible for the preparation of a summary of the audited financial report on the basis described in Note 1.
Auditor’s responsibility Our responsibility is to express an opinion on the summary Financial Overview based on our procedures, which were conducted in accordance with Australian Auditing Standard ASA810 Engagements to Report on Summary Financial Overview.
Auditor’s opinion In our opinion, the summary Financial Overview derived from the audited financial report of World Wide Fund for Nature Australia for the year ended 30 June 2015 are consistent in all material respects, with that audited financial report, on the basis described in Note 1.
All figures throughout this publication are in AUD.
WWF-Australia is fully accredited by the Department of Foreign Affairs (DFAT). WWF-Australia is a signatory to the ACFID Code of Conduct and is committed to adhering to its high standards of corporate governance, public accountability and financial management for NGOs. We are also signatories to the Fundraising Institute of Australia (FIA) code of conduct.
We welcome feedback on this report and on our operations and conduct more generally. Please send any feedback or complaints to email@example.com. More information about the ACFID Code of Conduct is available from www.acfid.asn.au/code-of-conduct or by contacting ACFID on firstname.lastname@example.org or 02 6285 1816. Complaints relating to alleged breaches of the Code of Conduct by any signatory agency can be made by any member of the public to the ACFID Code of Conduct Committee.
© WWF / James Morgan
During the year to 30 June 2015, WWF-Australia had no transactions in the Evangelistic, Political or Religious Proselytisation programs category.
During the year to 30 June 2015, WWF-Australia had no category of income or expenditure required to be disclosed in accordance with the ACFID Code of Conduct other shown to the right.
|Revenue from continuing operations||27,595,671||29,385,074|
|Total Revenue Expenditure||27,968,671||29,844,610|
|Expenses from continuing operations:|
|Funds to overseas projects||2,222,514||1,765,642|
|Other overseas project costs||417,513||209,312|
|Public fundraising costs||9,261,528||9,589,609|
|Impairment of investments||-||-|
|Total profit/(loss) for the year||(2,580,649)||140,539|
|Other comprehensive income/(loss)|
|Items that may be reclassified to profit or loss||32,000||139,042|
|Items that will not be reclassified to profit or loss||-||-|
|Total Comprehensive (Loss)/Income for the year||(2,548,649)||279,581|
|Total Comprehensive (Loss)/Income for the year attributable to members of World Wide Fund for Nature Australia||(2,548,649)||279,581|
The percentage analysis above is derived by dividing the relevant type of income by the total income for the year and expressing it as a percentage.
© Jürgen Freund / WWF
|Total current Assets
|Property, plant and equipment||834,764||951,005|
|Total Non-current Assets||4,441,579||3,896,366|
|Total Current Liabilities||2,325,813||2,233,639|
|Total Non-current Liabilities
As at 30 June 2015 WWF-Australia had no category of Assets or Liability required to be disclosed in accordance with the ACFID Code of Conduct other than as shown above.
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|Balance at 1 July 2014
|Excess of expenses over revenue||(2,580,649)||-||-||-||(2,580,649)|
|Amount transferred (to)
/ from reserves
|Balance at 30 June 2015
WWF-Australia has not provided a Statement of Cash Movements, as no single appeal, grant or other form of fundraising (except for the Australian Aid grant) for a designated purpose generated 10% or more of the organisation’s international aid and development revenue for the financial year.
Extracted from Financial statement – 30 June 2015. Full Financial Overview available on request, or via download from WWF-Australia’s website www.wwf.org.au. The Summary Financial reports have been prepared in accordance with the requirements set out in the ACFID Code of Conduct. For further information on the Code please refer to the ACFID Code of Conduct Implementation Guidance available at www.acfid.asn.au.
© WWF / James Morgan
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