Page 15 - 2019 NCLLEN Annual Report

Statement of Financial Position 2019 2018
$ $
as at 31 December 2019
Current assets
Cash and cash equivalents 559,823 420,140
Trade and other receivables 41,845 98,306
Other current assets 2,130 2,066

Total current assets 603,798 520,512
Non‐current assets
Property, plant and equipment 1,471 2,102
Right‐of‐use assets 83,103 ‐

Total non‐current assets 84,574 2,102
Total assets 688,372 522,614
Current liabilities

Trade and other payables
69,524 51,643
Other liabilities 269,832 94,703

Lease liabilities 47,551 ‐ At the end of 2019 North Central
Provisions 38,993 21,485 LLEN received funding from the
Helen Macpherson Smith Trust to
Total current liabilities 425,900 167,831
deliver a new early years program
in 2020-2021 designed to ensure
Non‐current liabilities
Lease liabilities 35,552 ‐ all children in the Buloke Shire
start school ready to learn.
Provisions 6,891 9,875
The NCLLEN will work in partner-
Total non‐current liabilities 42,443 9,875
ship with the Buloke Shire Council
Total liabilities 468,343 177,706 to engage an Early Years Facilitator
Net assets 220,029 344,908 to work with families and children
to connect individual families and
Equity
children to local education, health
Retained earnings 220,029 344,908 and wellbeing support services.
Total equity 220,029 344,908 Recent data shows that the
number of children in Buloke Shire

Statement of Cash Flows 2019 2018 arriving at school 'ready to learn'
as at 31 December 2019 $ $ has decreased significantly in
recent years with the 2018
Australian Early Developmental
Cash flows from operating activities
Receipts from customers 920,827 823,085 Census results showing that 30.8%
Payments to suppliers and employees (724,652) (676,891) of children commencing school in
the Buloke Shire were develop-
Short‐term and low‐value lease payments (43,779) ‐
mentally vulnerable in one or more
Interest received 5,606 5,688 domains - up from 11.5% in 2015.

Interest paid (932) ‐ SFSC Buloke will implement a
number of initiatives that are
Net cash provided by operating activities 157,070 151,882
designed to change these statistics
Cash flows from financing activities over the next few years with an
Payment of principal component of lease liability (17,387) ‐ integrated, coordinated approach
involving a range of service pro-
Net cash used in financing activities (17,387) ‐
viders who have the opportunity to
Net increase in cash held 139,683 151,882 positively
Cash and cash equivalents at the beginning
impact these
of the financial year 420,140 268,258 families and
Cash and cash equivalents at the end of
children.
the financial year 559,823 420,140