First Nations Australia Writers' Network Incorporated

Year End: 30 June 2021

Trial balance - by leadsheet

Account Opening Adj's

2000 Cash at bank 193,224.84 0.00

B.01 Cash and Cash Equivalents 193,224.84 0.00

3384 GST Input tax credits 3,445.30 0.00

C.01 Trade and Other Receivables (current) 3,445.30 0.00

AUDIT4 Loan receivable 0.00 1,000.00

C.02 Trade and Other Receivables (non-current) 0.00 1,000.00

AUDIT2 GST Payable 0.00 -30,250.00

N.01 Trade and Other Payables (current) 0.00 -30,250.00

4199 Retained Profits -9,341.40 0.00

U.02 Retained Earnings -9,341.40 0.00

0625 Royalties received -1,507.63 0.00

V.04 Royalty Income -1,507.63 0.00

0575 Interest and investments -2.89 0.00

V.06 Interest Income (Trading and Investment) -2.89 0.00

0526 Australia Council Four Year Funding -222,750.00 30,250.00

0531 Create NSW Project Funding -20,500.00 -79,500.00

AUDIT3 Facilitation service income 0.00 -10,000.00

V.09 Other Income -243,250.00 -59,250.00

1798 Manage & Admin Salaries & Contracts 19,220.00 0.00

1841 Performance Production Costs 0.00 0.00

1842 Performance Venue Hire Charges 11,000.00 -1,000.00

1843 Publication Printing 350.00 0.00

1844 Publication Program Costs 3,150.00 0.00

1950 Travel and accommodation 18,659.05 0.00

AUDIT1 Create NSW Project Expenses 0.00 89,500.00

1930.01 Accounting fees 1,535.46 0.00

1930.02 Subscriptions 3,517.27 0.00

1930.03 Fines 0.00 0.00

W.03 Other Expenses 57,431.78 88,500.00

0.00 0.00

Net Income (Loss) 187,328.74

1. Increase in cash related to government
grants:

Au Council for the Arts Deposit-

11/12/20 - $105,785
13/05/21 - $105,785

Create NSW Deposit-

16/04/21 - $110,000

2. No GST had been taken up on grant

revenue: Council for the Arts and Create NSW.
Journal has been entered and BAS should be
amended.

3. In the financials, the grant deposit $110K

has been offset against payments to
recipients into the revenue account.

Also as per the agreement, the total funding

agreed is $107,270 - they received in the bank
10% more - GST?

6/23/2023

12:06 PM
Auditor Senior Manager Partner 3-106

Final Final 06/20 Amount Chg %Chg Annotation

193,224.84 8,302.28 184,922.56 2227 1,BS,B.21,B.40

193,224.84 8,302.28 184,922.56 2227

3,445.30 1,039.12 2,406.18 232 C.20

3,445.30 1,039.12 2,406.18 232

1,000.00 0.00 1,000.00 0

1,000.00 0.00 1,000.00 0

-30,250.00 0.00 -30,250.00 0 2,V.30

-30,250.00 0.00 -30,250.00 0

-9,341.40 -28,335.12 18,993.72 -67 P

-9,341.40 -28,335.12 18,993.72 -67

-1,507.63 0.00 -1,507.63 0

-1,507.63 0.00 -1,507.63 0

-2.89 -15.73 12.84 -82 NM

-2.89 -15.73 12.84 -82

-192,500.00 0.00 -192,500.00 0 V.41,V.30

-100,000.00 0.00 -100,000.00 0 3,V.40,V.30

-10,000.00 0.00 -10,000.00 0

-302,500.00 0.00 -302,500.00 0

19,220.00 450.00 18,770.00 4171

0.00 14,292.00 -14,292.00 -100

10,000.00 0.00 10,000.00 0

350.00 0.00 350.00 0

3,150.00 0.00 3,150.00 0

18,659.05 3,794.45 14,864.60 392

89,500.00 0.00 89,500.00 0

1,535.46 0.00 1,535.46 0

3,517.27 390.00 3,127.27 802

0.00 83.00 -83.00 -100

145,931.78 19,009.45 126,922.33 668 W.30

0.00 0.00 0.00 0

158,078.74 -18,993.72 177,072.46 -932