Financials

KickStart Sources and Use of Funds

For the Years Ending June 30, 2014 and 2013
(Amounts in Thousands)

STATEMENT OF ACTIVITIES

2014 2013
Operating Income ($’000) ($’000)
Product sales & Other Earned Income  $  2,595  $  2,199
Foundations and trusts  2,899  1,676
Individuals  645  775
Corporations & Governments  543  1,334
Total operating income  $  6,682  $  5,984
Operating Expenditures
Program & Other Services  $  6,479  $  7,350
Management & General  470  406
Fundraising  280  241
Gross Operating Expenditures  $  7,230
 $  7,996
Surplus/(Deficit) related to unrestricted fund  $ 67  $  (48)
Surplus/(Deficit) related to temporarily restricted funds (615)  (1,912)
Change in net assets before tax  $ (548)  $  (1,961)
Taxation  155  0
Change in net assets after tax  (393)    (1,961)
Net assets at the beginning of the year  $  6,970  $  8,931
Sub-total  $  6,970  $  8,931
Net assets at the end of the year  $  6,577  $  6,970

STATEMENT OF FINANCIAL POSITION

2014 2013
Assets ($’000) ($’000)
Cash and cash equivalents  $ 481  $  651
Trade and other receivables 6,490  7,665
Inventories  492  595
Property, plant and equipment (Net)  217  171
Deferred tax  144  0
Total assets  $  7,825  $  9,082
LIABILITIES AND NET ASSETS
Liabilities
Current liabilities
Trade and other payables  $  823  $ 840
Borrowings  425 1,272
Total liabilities  $  1,248  $ 2,112
Net assets
Unrestricted  $  (699)  $  (921)
Temporary restricted  7,276  7,890
Total net assets  $  6,577  $  6,970
Total liabilities and net assets  $  7,825  $  9,082
Complete Financial Statements, audited by our auditors PKF CPA, are available upon request