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Treasurer's Report
The statement of Comprehensive Income for Eating Disorders Qld Limited (EDQ) shows a profit of $172,004. This profit is due to the consolidation of the Eating Issues Centre and Eating Disorders Qld in December 2018. The consolidation resulted in a gift being transferred from the Eating Issues Centre to Eating Disorders Qld in the amount of $176,198. Without the donation EDQ would have recorded a loss of $4,194. This was due to a depreciation write off as well as a slight increase in sundry expenses, specifically IT and compliance expenses resulting from the merger and accreditation.
We acknowledge the multifaceted and interactive factors that contribute to the development of eating issues and seek to promote empowerment, connections and change on individual and social levels.
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EDQ also received a substantial increase in funding from Qld Health for its 2019 Budget Initiatives.
The statement of Financial position shows an increase in Net Assets from $131k to $303k and a drop in Current Liabilities from $202k to $193k. EDQ continues to hold sufficient funds to cover all its liabilities and provisions. The Staff and Board of EDQ are to be commended for their continuing efforts in providing a high standard of service to the community
Karolina Pemberton
Treasurer
