annualreports - uplifting australia · 2019-10-29 · advertising/promotion - 7,106 bankcharges 66...

Annual ReportsUplifting AustraliaABN 40150928055For the year ended 30 June 2019Prepared by W D Nicholls

Annual Reports Uplifting Australia of

Contents3 Responsible Persons Report

6 Auditor's Independence Declaration

7 Statement of Profit or Loss

Statement of Financial Position

1 Statement of Changes in Equity

1 Statement of Cash Flows

1 Notes to the Financial Statements

Responsible Persons' Declaration

Independent Auditor's Report

Annual Reports Uplifting Australiaof

Responsible Persons ReportUplifting AustraliaFor the year ended 30 June 2019

Responsible Persons Report

Responsible Persons details

Geoff Stalley

Chairperson, Public Fund Management Committee Member

James Tait

Director

Jennifer Drysdale

Director, Public Fund Management Committee Member

Responsible Persons Report

TeganFlanagan

Director,

Tegan is an experienced public relations and corporate communications professional and is currently the Corporate External Relations Director at beverage and food company, Lion. Prior to Lion she held consultancy roles at public relations agencies Liquid Ideas and Professional Public Relations (PPR). Tegan and her husband have a young daughter, Evelyn. She is very proud to support Uplifting Australia's important mission to strengthen emotional wellbeing and resilience in young people and families.

PaigeWIlliams

Director,

Paige is a Lecturer at the Centre for Positive Psychology within the Melbourne Graduate School of Education. She leads the 'Applications of Positive Psychology' subject within the Master of Applied Positive Psychology, the 'Leading Schools the Leading Self' subject withing the Masters of Instructional Leadership and the Professional Certificate in Positive Psychology. Following more than 15 years international business leadership experience, Paige's PhD examined change pathways and processes to create wellbeing at work. She has published a number of peer-reviewed journal articles in areas such as positive change, employee wellbeing, positive education and appreciative inquiry. Her research interests include positive systems science, leadership, organizational change and thriving at work.

CompanySecretary

SuzanneTieman

Meetings of Responsible Persons

The number of meetings of Responsible Persons (including meetings of Committees of Responsible Persons) held during the year and the number of meetings attended by each Responsible Person is as follows:

ResponsiblePersonsName NumberEligibletoAttend NumberAttended

Geoff Stalley 4 4

James Tait 4 4

Jennifer Drysdale 4 4

Tegan Flanagan 4 2

Paige WIlliams 4 3

Principal Activities

Uplifting Australia aims to prevent the emotional abuse of children. We achieve this through implementing a prevention model. Our model educates families and teachers, through our evidence based programs and resources, that take a strengths based approach. Uplifting Australia, actively promotes healthy emotional environments and practices in families. Our work has a direct impact on the wellbeing of children.

We deliver this through our programs, which include a parent education component, that focuses on strategies that strengthen the emotional environment for children, and through the core resources (Parents Film & Parenting Strategies eBook) which includes parenting strategies to strengthen emotional environments for children, and includes a self assessment tool, that draws the attention to damaging behaviours that are emotionally abusive, and have a negative impact on their children's self esteem and social competence. In addition to this, our eBook is available to the general public via our website.

There have been no significant changes in the nature of these activities during the year.

Annual Reports Uplifting Australia of 22

The accompanying notes form part of these financial statements. These statements should be read in conjunction with the attachedIndependent Auditor's Report.


Statement of Profit or LossUplifting AustraliaFor the year ended 30 June 2019

NOTES 2019 2018

IncomeFees

Donations 121,942 195,353

Other Revenue 332 460

Program Delivery 9,593 18,709Total Fees 131,867 214,522

GrantsGovernment Grant - 9,447

Philanthropic Trust Grants 275,000 335,000Total Grants 275,000 344,447

Interest IncomeInterest Income 825 934Total Interest Income 825 934

Total Income 407,692 559,904

Cost of SalesCOGS - Merchandise - 56

Facilitation Expense 709 4,026

Program Logistics 1,548 4,042

Venue Hire 774 479

Total Cost of Sales 3,031 8,603

Total Income 404,660 551,301

ExpenditureAccounting and Bookkeeping 10,738 14,044

Advertising/Promotion - 7,106

Bank Charges 66 74

Consultants 67,692 45,250

Depreciation 1,576 1,331

Foreign Currency Gains and Losses - 5

Insurance 2,722 2,844

IT 3,042 1,732

Legal expenses 316 -

Meetings 594 1,219

Memberships & Subscriptions 152 -

Office Equipment Expense (26) 697

Office Supplies/Expenses 353 2,215

Paypal Fees - 20

Postage & Couriers 161 286

Printing & Photocopying 1,255 2,927

Professional Development 316 1,557

Statement of Profit or Loss

NOTES 2019 2018



Rent & Outgoings 12,877 7,674

Repairs and Maintenance - 796

Staff Amenities 443 1,042

Superannuation 23,136 25,070

Telecommunications 2,857 3,028

Travel and Accommodation 20,456 15,025

Travel - Accommodation & Meals 10,969 7,434

Travel - Taxis, Parking & Other 9,747 6,980

Wages and Salaries 258,120 278,553

Website 2,333 1,931

Workers Compensation 6,775 (261)

Total Expenditure 436,671 428,579

Current Year Surplus/ (Deficit) (32,010) 122,722

Statement of Profit or LossSummarised - by categoryUplifting Australia

For the year ended 30 June 2019

Income by category 30 Jun 19Fundraising $397,663Governance, Administration, Finance $1,343Program Digital $1,413Program Face-to-face $7,273

Total Income $407,692

Less Cost of SalesFundraising $0Governance, Administration, Finance $0Program Digital $0Program Face-to-face $3,031

Total Cost of Sales $3,031

Gross Profit $404,660

Less Operating ExpensesFundraising $186,854Governance, Administration, Finance $66,659Program Digital $1,324Program Face-to-face $181,833

Total Operating Expenses $436,671

Net Profit ($32,010)

These notes should be read in conjunction with the attached Independent Auditor's Report.

Annual Reports Uplifting Australia

Page of 2

Statement of Profit or Lossby Category


Annual Reports Uplifting Australia Page of

Statement of Financial PositionUplifting AustraliaAs at 30 June 2019

NOTES 30 JUN 2019 30 JUN 2018

AssetsCurrent Assets

Cash on Hand 2 421,744 533,551

Receivables 3 100,525 5,050Total Current Assets 522,269 538,601

Non-Current AssetsPlant and Equipment 4 2,816 4,391Total Non-Current Assets 2,816 4,391

Total Assets 525,085 542,992

LiabilitiesCurrent Liabilities

Payables 5 5,481 4,183

Employee Benefits 6 48,318 32,786

Other Liabilities 7 2,273 5,000Total Current Liabilities 56,071 41,969

Total Liabilities 56,071 41,969

Net Assets 469,013 501,023

EquityAccumulated Funds 8 469,013 501,023

Total Equity 469,013 501,023


Annual Reports Uplifting Australia Page 1 of

Statement of Changes in EquityUplifting AustraliaFor the year ended 30 June 2019

2019 2018

Accumulated FundsOpening Balance 501,023 378,301

Increases

Surplus for the PeriodCurrent Year Earnings (32,010) 122,722Total Surplus for the Period (32,010) 122,722

Total Increases (32,010) 122,722

Total Accumulated Funds 469,013 501,023



Statement of Cash FlowsUplifting AustraliaFor the year ended 30 June 2019

NOTES 2019 2018

Cash flows from Operating ActivitiesReceipts from grants 302,500 377,947

Receipts from Other 37,182 218,745

Payments to suppliers and employees (284,582) (313,023)

Interest received 825 934

Finance costs (66) (74)

Cash payments from other operating activities (167,558) (140,696)

Total Cash flows from Operating Activities (111,698) 143,833

Cash flows from Investing ActivitiesPayment for property, plant and equipment - (2,932)

Other cash items from investing activities (500) 100

Total Cash flows from Investing Activities (500) (2,832)

Cash flows from Other ActivitiesProvisions 15,532 2,251

Other activities (15,141) (34,532)

Total Cash flows from Other Activities 391 (32,281)

Net increase/(decrease) in cash held (111,807) 108,719

Cash BalancesOpening cash balance 533,563 424,844

Closing cash balance 2 421,756 533,563

Movement in cash (111,807) 108,719



Notes to the Financial StatementsUplifting AustraliaFor the year ended 30 June 2019

1. Statement of Significant Accounting Policies and Compliance

Uplifting Australia is a public company limited by member guarantee, incorporated and domiciled in Australia.

Basis of Preparation

The directors have prepared the financial statements on the basis that the company is a non-reporting entity because there areno users dependant on general purpose financial statements. The financial statements are therefore special purpose financialstatements that have been prepared in order to meet the requirements of the Corporations Act 2001.

Thecompany is a not for-profit entity for financial reporting purposes underAustralian Accounting Standards.

The financial statements have been prepared in accordance with the mandatory Australian Accounting Standards applicable toentities reporting under the Corporations Act 2001 and the significant accounting policies disclosed below,which the directorshave determined are appropriate to meet the needs of members.Such accounting policies are consistent with the previousperiod unless stated otherwise.

Thefinancial statements, except for cash flow information, have been prepared onan accruals basis and are based on historicalcosts unless otherwise stated inthe notes. The material accounting policies that have been adopted in thepreparation of thestatements are as follows:

Revenue and Other Income

Revenue comprises revenue from the sale of goods, government grants, fundraising activities and client contributions.

Revenue is measured at the fair value of the consideration received or receivable after taking into account any trade discountsand volume rebates allowed. For this purpose, deferred consideration is not discounted to present values when recognisingrevenue.

Revenue is recognised when the amount of revenue can be measured reliably, collection is probable, the costsincurred or to beincurred can be measured reliably

All revenue is stated net of the amount of goods and services tax.

Details of the activity-specific recognition criteria are described below.

Sale of goods

Revenue from the sale of goods comprises revenue earned from the sale of goods donated and purchased forresale. Salesrevenue is recognised when the control of goods passes to the customer.

Notes to the Financial Statements



Government grants

Grant income is recognised when the entity obtains control over the funds, which is generally at the time of receipt.

If conditions are attached to the grant that must be satisfied before the association is eligible to receive the contribution,recognition of the grant as revenue will be deferred until those conditions are satisfied.

Where a grant is received on the condition that specified services are delivered to the grantor, this is considered a reciprocaltransaction. Revenue is recognised as services are performed and at year end a liability is recognised until the service isdelivered.

Revenue from a non-reciprocal grant that is not subject to conditions is recognised when the association obtains control of thefunds, economic benefits are probable and the amount can be measured reliably. Where a grant may be required to be repaid ifcertain conditions are not satisfied, a liability is recognised at year end to the extent that conditions remain unsatisfied.

Where the association receives a non-reciprocal contribution of an asset from a government or other party for no or nornominalconsideration, the asset is recognised at fair value and a corresponding amount of revenue isrecognised.

Client contributions

Fees charged for care or services provided to clients are recognised when the service is provided.

Donations and bequests

Donations collected, including cash and goods for resale, are recognised as revenue when the association gains control,economic benefits are probable and the amount of the donation can be measured reliably, which is generally at the time ofreceipt..

Bequests are recognised when the legacy is received. Revenue from legacies comprising bequests of shares or other propertyare recognised at fair value, being the market value of the shares or property at the date theGroup becomes legally entitled tothe shares or property.

Interest and dividend income

Interest income is recognised on an accrual basis using the effective interest method. Dividend income are recognised at thetime the right to receive payment is established.

Operating Expenses

Operating expenses are recognised in profit or loss upon utilisation of the service or at the date of their origin.

Property, Plant and Equipment

Buildings, plant and other equipment (comprising fittings and furniture) are initially recognised at acquisition cost ormanufacturing cost, including any costs directly attributable to bringing the assets to the location and condition necessary for itto be capable of operating in the manner intended by the association.

Buildings, plant and other equipment are subsequently measured using the cost model, cost less subsequent depreciation andimpairment losses.

The depreciable amount of all property, plant & equipment is depreciated over the useful lives of the assets to the associationcommencing from the time the asset is held ready for use.

Material residual value estimates and estimates of useful life are updated as required, but at least annually.

Gains or losses arising on the disposal of property, plant and equipment are determined as the differencebetween the disposalproceeds and the carrying amount of the assets and are recognised in profit or loss withinother income or other expenses.

Leasehold improvements are amortised over the shorter of either the unexpired period of the lease or the estimated useful livesof the improvements.




Impairment of Assets

At the end of each reporting period, the committee reviews the carrying amounts of its tangible and intangible assets todetermine whether there is any indication that those assets have been impaired. If such an indication exists, an impairment testis carried out on the asset by comparing the recoverable amount of the asset, being the higher of the asset’s fair value less coststo sell and value in use, to the asset’s carrying amount. Any excess of the asset’s carrying amount over its recoverable amount isrecognised in the income and expenditure statement.

Financial Assets and Liabilities

Financial assets and financial liabilities are recognised when the association becomes a party to the contractualprovisions of thefinancial instrument, and are initially recognised at cost, which includes transaction costs,except for those carried at fair valuethrough profit or loss, which are measured initially at fair value. Investments in financial assets are subsequently measured atfair value, which is equivalent to their market bid price at the end of the reporting period. Movements in fair value arerecognised through an equity reserve.

Financial assets are derecognised when the contractual rights to the cash flows from the financial asset expire,or when thefinancial asset and all substantial risks and rewards are transferred. A financial liability isderecognised when it is extinguished,discharged, cancelled or expires.

Income Tax

No provision for income tax has been raised as the association is exempt from income tax under Div 50 of the IncomeTaxAssessment Act 1997.

Cash on Hand

Cash on hand includes cash on hand, deposits held at call with banks, and other short-term highly liquid investments withoriginal maturities of three months or less.

Employee Entitlements

Provision is made for the association’s liability for employee entitlements arising from services rendered by employees to theend of the reporting period. Employee entitlements have been measured at the amounts expected to be paid when the liabilityis settled.

Provisions

Provisions are recognised when the association has a legal or constructive obligation, as a result of past events, for which it isprobable that an outflow of economic benefits will result and that outflow can be reliably measured. Provisions are measured atthe best estimate of the amounts required to settle the obligation at the end of the reporting period.

Accounts Receivable and Other Debtors

Accounts receivable and other debtors include amounts due from members as well as amounts receivable from donors.Receivables expected to be collected within 12 months of the end of the reporting period are classified as current assets. Allother receivables are classified as non-current assets.

Accounts Payable and Other Payables

Accounts payable and other payables represent the liability outstanding at the end of the reporting period for goods andservices received by the association during the reporting period that remain unpaid. The balance is recognised as a currentliability with the amounts normally paid within 30 days of recognition of the liability.




Goods and Services Tax (GST)

Revenues, expenses and assets are recognised net of the amount of GST, except where the amount of GST incurred is notrecoverable from the Australian Taxation Office (ATO). Receivables and payables are stated inclusive of the amount of GSTreceivable or payable. The net amount of GST recoverable from, or payable to, the ATO is included with other receivables orpayables in theassets and liabilities statement.

2019 2018

2. Cash on HandBank Accounts

CBA Business Trans - 10259333 3,892 12,789

Online Saver - 3472 169,637 95,812

Paypal AUD 474 474

Paypal USD 1 1

Public Fund 244,554 422,553

UA Expenses#001 3,186 1,922Total Bank Accounts 421,744 533,551

Total Cash on Hand 421,744 533,551

2019 2018

3. ReceivablesOther Receivables 100,000 5,050

Prepayments 525 -

Total Receivables 100,525 5,050

2019 2018

4. Plant & EquipmentPlant & Equipment

Computer EquipmentComputer Equipment at Cost 3,371 3,371

Less Accumulated Depreciation on Computer Equipment (2,266) (1,423)Total Computer Equipment 1,105 1,948

Office EquipmentOffice Equipment at Cost 2,715 2,715

Less Accumulated Depreciation on Office Equipment (1,131) (453)Total Office Equipment 1,584 2,263

Office FurnitureOffice Furniture at Cost 217 217

Less Accumulated Depreciation on Office Furniture (91) (36)Total Office Furniture 127 181

Total Plant & Equipment 2,816 4,391

Total Plant & Equipment 2,816 4,391




2019 2018

5. PayablesOther Payables

GST 853 (198)

Accounts Payable - (261)

PAYG Withholdings Payable 4,628 4,642Total Other Payables 5,481 4,183

Total Payables 5,481 4,183

2019 2018

6. Employee EntitlementsAccrued Expenses 10,089 3,118

Annual Leave Provision 16,222 11,260

LSL Provision 16,667 12,965

Superannuation Payable 5,339 5,442

Total Employee Entitlements 48,318 32,786

2019 2018

7. Other LiabililitiesPrepaid Income 2,273 5,000

Total Other Liabililities 2,273 5,000

8. Accumulated Funds

Please see report titled "Statement of Changes in Equity" for the breakdown of the accumulated funds balances.


Independent Auditor's ReportUplifting AustraliaFor the year ended 30 June 2019

Report on the Audit of the Financial Report

We have audited the accompanying financial report, being a special purpose financial report, of Uplifting Australia whichcomprises the statement of financial position as at 30 June 2019,the statement of profit or loss, statement of changes in equityand statement of cash flows for the year ended on that date, and notes to the financial statements, comprising a summary ofsignificant accounting policies and other explanatory information, and the responsible persons declaration.

In our opinion the financial report of Uplifting Australia has been prepared in accordance with Division 60 of the AustralianCharities and Not-for-Profits Commission Act 2012, including:

(a) giving a true and fair view of the registered entity’s financial position as at 30 June 2019 and of its financial performancefor the year then ended; and

(b) complying with Australian Accounting Standards to the extent described in Note 1, andDivision 60 the AustralianCharities and Not-for-profits Commission Regulation 2013.

Basis for Opinion

We conducted our audit in accordance with Australian Auditing Standards. Our responsibilities under those standards arefurther described in the Auditor’s Responsibilities for the Audit of the Financial Report section of our report. We are independent ofthe registered entity in accordance with the ethical requirements of the Accounting Professional and Ethical Standards Board’sAPES 110 Code of Ethics for Professional Accountants (the Code) that are relevant to our audit of the financial report in Australia.We have also fulfilled our other ethical responsibilities in accordance with the Code.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Emphasis of Matter - Basis of Accounting

We draw attention to Note 1 to the financial report, which describes the basis of accounting. The financial report has beenprepared for the purpose of fulfilling the registered entity’s financial reporting responsibilities under the ACNC Act. As a result,the financial report may not be suitable for another purpose. Our opinion is not modified in respect of this matter.

Responsibility of the Responsible Persons for the Financial Report

The responsible persons of the registered entity are responsible for the preparation of the financial report that gives a true andfair view and have determined that the basis of preparation described in Note 1 to the financial report is appropriate to meet therequirements of the Australian Charities and Not-for-profits Commission Act 2012 (ACNC Act) and the needs of the members. Theresponsible persons’ responsibility also includes such internal control that the responsible persons determine is necessary toenable the preparation of a financial report that gives a true and fair view and is free from material misstatement, whether dueto fraud or error.

In preparing the financial report, the responsible persons are responsible for assessing the registered.entity’s ability to continueas a going concern, disclosing, as applicable, matters relating to going.concern and using the going concern basis of accountingunless the responsible persons either intend.to liquidate the registered entity or to cease operations, or have no realisticalternative but to do so.

The responsible persons are responsible for overseeing the registered entity’s financial reporting process.

annualreports - uplifting australia · 2019-10-29 · advertising/promotion - 7,106 bankcharges 66...

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