Transitional financial report template: medium charity

What you need to do
  1. Complete this transitional financial reporting template, including the Responsible Persons’ declaration.
  2. Take this template to an auditor for a review or audit (depending on your charity’s size).
  3. Complete the financial information section in the 2014 Annual Information Statement using the same figures from this template.
  4. Upload this transitional financial report either audited or reviewed, including the notes and Responsible Persons’ declaration in the financial information section of the 2014 Annual Information Statement.

Financial report under financial reporting provision Division 60 of the Australian Charities and Not-for-profits Commission Act 2012 and subdivision 60-D Requirements for annual financial reports (transitional rules) of the Australian Profits and Not-for-profits Commission Regulation 2013 for [name of registered charity] (a medium registered entity: annual revenue $250,000 - $999,999).

Transitional income statement for the period ended 30 June 2014 [or substituted accounting period]

Item

Information

AUD $

AUD $

 

Income statement - gross Income

Sub total

Total

1.

Government grants

 

 

2.

Donations and bequests

 

 

3.

All other revenue

 

 

4.

Total revenue

 

 

5.

Other income

 

 

6.

Total gross income

 

 

 

Income statement - expenses

 

 

7.

Employee expenses

 

 

8.

Grants and donations made by the registered entity for use in Australia

 

 

9.

Grants and donations made by the registered entity for use outside Australia

 

 

10.

All other expenses

 

 

11.

Total expenses

 

 

12.

Income statement - net surplus/(deficit)

 

 

Transitional balance sheet at 30 June 2014 [or substituted accounting period]
Item Information AUD $  AUD $
  Balance sheet - assets  Sub total Total

13.

Total current assets

 

 

14.

Total non-current assets

 

 

15.

Total assets

 

 

Balance sheet - liabilities

 

 

16.

Total current liabilities

 

 

17.

Total non-current liabilities

 

 

18.

Total liabilities

 

 

19.

Balance sheet - net assets/(liabilities)

 

 

Notes to and forming part of the financial statements

NOTE 1: SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of preparation

  1. These special purpose financial statements have been prepared in accordance with the requirements of section 60.40 of the Australian Charities and Not-for-profits Commission Regulation 2013 (ACNC Regulation).
  2. The financial statements have been prepared on a cash [accrual] basis of accounting.

Responsible Persons’ declaration – per section 60.15 of the Australian Charities and Not-for-profits Commission Regulation 2013

The Responsible Persons declare that in the Responsible Persons’ opinion:

  1. there are [are not] reasonable grounds to believe that the registered entity is able to pay all of its debts, as and when they become due and payable; and
  2. the financial statements and notes satisfy [do not satisfy] the requirements of the Australian Charities and Not-for-profits Commission Act 2012.

Signed in accordance with subsection 60.15(2) of the Australian Charities and Not-for-profit Commission Regulation 2013.

Responsible Person 1
Trasitional financial report template: medium charity

Dated this xx day of xx 201X

1 The term “Responsible Person” could be replaced with director(s) of the company or trustee(s) of the trust or if the trustee is a body corporate, a director(s) of the trustee.

Download Word document version of the medium charity transitional financial report