australian cervical cancer foundation health promotion

Australian Cervical Cancer Foundation

Health Promotion Charitable Trust

ABN 12 301 469 345

Trust Annual Financial Report & Trustee

Directors’ Report For the period 1 July 2016 -30 June 2017

Contents

TRUSTEES’ REPORT 1

AUSTRALIAN OPERATIONS – ACHIEVEMENTS 3

OBJECTIVES AND STRATEGIES 4

LONG TERM GOALS (KEY RESULT AREAS) 4

STRATEGIC OBJECTIVES 4

KEY PERFORMANCE MEASURES 4

AUSTRALIAN PROGRAMS 5

AUDITOR’S INDEPENDENCE DECLARATION 12

STATEMENT OF COMPREHENSIVE INCOME FOR

THE YEAR ENDED 30 JUNE 2017 13

STATEMENT OF FINANCIAL POSITION AS AT 30 JUNE 2017 14

STATEMENT OF CHANGES IN EQUITY FOR

YEAR ENDED 30 JUNE 2017 15

STATEMENT OF CASH FLOW FOR THE YEAR ENDED 30 JUNE 2017 16

NOTES TO THE FINANCIAL STATEMENTS 17

TRUSTEE DIRECTORS’ DECLARATION 26

INDEPENDENT AUDIT REPORT 27

Australian Cervical Cancer Foundation Health Promotion Charitable Trust Level 5 269 Wickham St

Fortitude Valley QUEENSLAND 4006 (07) 3177 1099

[email protected] www.accf.org.au

Front Cover – ACCF supports people like Kev

and his daughter who have sadly lost their very much loved wife and mother to cervical cancer

Australian Cervical Cancer Foundation Health Promotion Charitable Trust

ACN 12 301 469 345 Trust Annual Financial Report & Trustee Directors’ Report

for the period 1 July 2016 to 30 June 2017

1

TRUSTEES’ REPORT

Australian Cervical Cancer Foundation ACN 128 546 850 is Trustee of the Australian Cervical Cancer Foundation Health Promotion Charitable Trust (the Trust). The directors of the Trustee company present their report on the Trust for the financial year ended 30 June 2016.

Trustees

The names of the directors of the Trustee company in office at any time during or since the end of the year are:

Mr Graeme Lade, (full period - continuing) Chair

Mrs Linda Lavarch (full period- continuing) Deputy Chair

Mr Michael Thurin Wille, OAM (full period - continuing) Director

Ms Lenore M Wille (full period - continuing) Director

Dr Surendra Bade Shrestha (full period - continuing) Director

Ms Megan Mahon (full period – continuing) Director

Ms Jade Demnar (full period – continuing) Director

Ms Vicky Darling (full period – continuing) Director

Mr Sean Lybrand (full period – continuing) Director

Company Secretary

The following person held the position of Trustee company secretary:

Joseph Anthony Tooma (full period - continuing)

Principal Activities

The principal activities of the Trust are to carry out its public charitable purposes of promoting and prevention and control of cervical cancer and other women’s diseases in Australia, by:

Providing information, education and training in relation to the prevention, control and treatment of cervical cancer and other women’s diseases

Promoting the benefits of vaccination, screening and treatments




2

Providing support to women with cervical cancer and other women’s diseases and their family members

There were no changes in the nature of these principal activities during the financial period.

Operating Results

The net result from the Australian Cervical Cancer Foundation Health Promotion Charitable Trust’s activities for the financial period ended 30 June 2017 was a deficit of ($35,685) (30 June 2016, surplus of $513). No provision has been made for income tax because Australian Cervical Cancer Foundation Health Promotion Charitable Trust is endorsed for charity tax concessions and is income tax exempt under the Income Tax Assessment Act 1997.

Dividends

In accordance with Australian Cervical Cancer Foundation Health Promotion Charitable Trust Deed, dividends are not paid.

Review of Operations and Financial Position

Significant Changes in the State Of Affairs

There are no issues to report, Australian Cervical Cancer Foundation Health Promotion Charitable Trust remains endorsed as an Income Tax Exempt Charity and is a Deductible Gift Recipient and is able to issue tax deductible receipts for donations. Australian Cervical Cancer Foundation Health Promotion Charitable Trust is now allowed to fundraise in each state and territory.

After Balance Date Events

No matters or circumstances have arisen since the end of the financial period which significantly affected or may significantly affect the operations of the Trust, the results of those operations, or the state of affairs of the Trust in subsequent financial years

Future Developments, Prospects and Business Strategies

There are specific strategic and business plans in place approved by the Board of the Trustee company to ensure a sustainable income and a responsible program of expenditure which will support operations in future financial years.

Objectives and Strategies

Vision/Purpose: To protect and enhance women’s health by raising community awareness to eliminate cervical cancer and enable support for women with cervical cancer and related health issues in Australia.




3

Australian Operations – Achievements

The Cervical Cancer Awareness Program for Schools (CCAPS) continued to grow with school presentations being made in Australian Capital Territory, Queensland, New South Wales, Victoria and Tasmania. There are now 58 trained volunteer presenters and a coordinator in each of those states mentioned as well as a coordinator based in Townsville to facilitate the program in the North QLD region. The relationship with Hyundai’s philanthropic arm, Hyundai Help for Kids continues to enable ACCF to employ dedicated Coordinators to continue building the program. This has resulted in new bookings and stronger relationships in each state.

The Community Education Program also continues to grow as the CCAPS coordinators look after this program. The program continues to engage with local health and women’s groups, service clubs such as Rotary and Zonta groups and other interest groups such as universities around Australia.

ACCF established a partnership with Women’s Health Queensland Wide to promote and launch the Cervical Health Information Line in a 12 month pilot period. This is the first initiative of ACCF’s CerviCAN Support Program, created to assist and support women and their families, throughout Australia, with advice and information about cervical cancer and cervical screening. This service is available to women between the ages of 18 to 69 living in Queensland. ACCF has agreed to extend this partnership into the 2017/2018 financial year with a view to developing and expanding the service to encompass an Australia-wide audience.

ACCF has been working closely with the Cervical Screening Renewal Taskforce in order to be in alignment with key messages regarding the cervical screening changes. The Renewal Taskforce have been consulted in regards to what is communicated to the public particularly in the National Cervical Cancer Awareness Week. Changes which were to commence in May 2017 have been rescheduled to begin in December 2018.

National Cervical Cancer Awareness Week was held in November again. The week consisted of various events held in Brisbane, Perth, Canberra, Sydney and Melbourne. This included light-up events at significant landmarks as well as street collections and satellite fundraising events. The media and social media reach for the week was significant far reaching with the help of P4 who supported ACCF with PR expertise

ACCF is continuing our work with Jana Pittman as a Celebrity Ambassador. Jana is currently studying medicine and is passionate about gynaecological issues so approached ACCF to offer her profile and support.

ACCF continues as an Information Partner for HealthDirect. HealthDirect is a national, government-owned, not-for-profit organization that offers information and advice on health-related conditions including cervical cancer.

A Comfort Checklist has proven to be successful for patients as a guide for what women should expect when going for a Pap test. The Australian Women’s Health Network have agreed to endorse the Checklist. A sponsor for the Checklist is currently being sourced. It features in a new mobile App which has been launched

Funding from GSK was received to create a Cervical Health App. This was finished and launched in Cervical Cancer Awareness Week 2016.




4

Objectives and Strategies

ACCF Vision/Purpose: To protect and enhance women’s health by eliminating cervical cancer and enabling treatment for women with cervical cancer and related health issues.

Long Term Goals (Key Result Areas)

1. Australian Programs: To inform and educate the Australian community on the risks, prevention and treatment of Cervical Cancer and HPV.

2. Community support and advocacy: To promote support and advocacy for adequate services to people with Cervical Cancer and HPV, and their families.

3. Governance & Operations: To build a sustainable not for profit organisation, with a culture of service and volunteering, to deliver effective and efficient services to clients.

4. Funding: To secure funding and support from a wide range of dependable sources, to maintain viability and expansion of programs and services.

5. Financial Management: To implement excellence in financial management and probity consistent with relevant Australian regulations and standards for an NGO contributing to the international development sector.

Strategic Objectives

Expand Australian understanding of ACCF Health promotion Charitable Trust (ACCF-HPCT) and advocate government and philanthropic support for prevention, diagnosis and treatment of cervical cancer.

Develop financial and funding reliability for budgeted programs and services.

Build ACCF- HPCT capacity and reliable systems and processes to support planned programs and services, though a continuous improvement approach.

Develop stakeholder relationships and implement promotions and marketing to maximize corporate support, fundraising and revenues.

Key Performance Measures

Australian Cervical Cancer Foundation Health Promotion Charitable Trust measures its performance through a range of mechanisms presented at regular Trustee meetings for scrutiny. ACCF-HPCT has developed a three year Strategic Plan and the performance measures reflect expected outcomes and performs an annual strategic review. Our performance indicators include a range of measures regarding the delivery of our programs, financial performance, staff satisfaction and risk and workplace health and safety measures and reports. Our vision is to protect and enhance women’s health by eliminating cervical cancer and enabling treatment for women with cervical cancer and related health issues.




5

Australian Programs

All Australian Programs Activities Indicators Objectives Status

1. Awareness & Community Engagement

1.1. Cervical Cancer Awareness & Prevention

Run campaigns and initiatives to create awareness around cervical cancer prevention including National Cervical Cancer Week, Lady Garden Campaign, Get the Pap Text, Faces of Cervical Cancer, Comfort Check list App. Plan 2017/2018 program – expand numbers of people involved in promoting Awareness Days

Implement program Prepare promotional materials Target for fundraising

Short Term Ongoing Long Term

1.2. Communication Strategy Develop communication and marketing strategy to identify ACCF as the voice for cervical cancer issues and to increase support for ACCF

Developed strategic plan in place Monitor and evaluate plan Implement plan

Short term Ongoing Long term

1.3. Workplace/Community Education Program

Engage with community groups and workplaces to raise awareness about cervical cancer, its prevention and about ACCF and undertake fundraising activities

Train presenters for community presentation Commence program rollout Review & evaluate program outputs


1.4. CCAPS Schools Awareness Program

Plan 2017/2018 program – expand increased numbers of schools Implement NSW, Victorian & North Qld programs

Train Presenters for schools Continue program rollout Review & evaluate program outputs


2. Community support and advocacy

2.1. Support Program for Patients & Families and advocacy

Build a support and knowledge base for patients and families. Establish a sustainable support program in the community including: counselling, support groups, respite care, information, resources, financial and personal support.

Scope program and outputs with stakeholders Commence pilot program Evaluate program & prepare report


Advocacy Develop partnerships and an advocacy strategy with women’s groups to promote ACCF services

Collaborate on advocacy plan for Australian election Prepare pre-election materials/news media





6


2.2. Indigenous Program Research the need for support in indigenous communities. Establish a pilot awareness program.

Scope program and outputs with stakeholders Commence pilot program Evaluate program & prepare report


2.3. Supporter/Donor research project

Facilitate an in-house research project to obtain a clearer picture of who are ACCF-HPC Trust supporters and what are their needs and expectations

Plan research program Allocate funds Report to Trustees Promote research outcomes


3. Governance & Operations

3.1. Charity Registration Maintain registration of ACCF-HPC Trust in each state and territory and report as required.

Documentation prepared and submitted

Ongoing Long term

3.2. Trustee Governance & Processes

Report on ACCF operations and activities to Trustees

Meeting papers prepared and delivered to Trustees as needed

Ongoing Long Term

3.3. ACNC Annual Report Prepare annual audit report and regulatory returns to meet ACNC requirements

Audit completed Annual report prepared Regulatory reporting completed

Ongoing Ongoing Long Term

3.4. Annual General Meeting Hold AGM annually AGM held and Annual and Financial Reports presented

Ongoing Long Term

3.5. Risk Management Conduct Risk Assessment to support Strategic and Operational planning process

Risk Management Matrix endorsed by Trustees


3.6. Strategic and Operational Plan & Budget

Review Strategic and Operational plans and budget

Annual review with Trustees Revised plan endorsed by Trustees


3.7. Administration and Operations

Maintain and deliver best practice management of the organisation and its operations

Have mature program in place with offices in Qld, NSW, Vic, WA with HR resources to manage operations

Ongoing Long Term

3.8. HR People & Culture Scope and implement meaningful People & Culture program

Scope program Implement and maintain a successful HR culture Performance discussion and development.


4. Financial Management

4.1. Financial Management Provide effectively, timely and accurate financial management

Engage volunteer, auditor or advisor Prepare plan for continuous improvement Continue updating fundraising management policy and guidelines for Operations

Ongoing Long Term




7


Manual

4.2. Financial Stability Create surplus and reserve funds over 5 years

Continual review of budget Planning for surplus agreed and monitored by Board

Ongoing Long Term

5. Fundraising and Support

5.1. Corporate Partnership Campaign

Develop and implement a Workplace Engagement Program to be rolled out with corporates nationally

Prepare promotional materials for distribution Maintain development of ACCF website to promote values, funding and services


5.2. Relationship Building Connect with notable stakeholders, individuals and organisations to seek funds, raise profile and advance mission

Prepare stakeholder relationship plan Develop collateral Implement and maintain CRM


5.3. Appeals, Mail and Electronic

Develop and implement strategy for Appeals and other fundraising initiatives

Strategy endorsed by Board Strategy implemented and reviewed Engage with social media and peer to peer fundraising platforms

Ongoing Long term

5.4. Community & 3rd Party Campaign

Develop and implement strategy for Community & 3

rd Party

fundraising initiatives

Strategy endorsed by Trustees Strategy implemented and reviewed Engage with social media and peer to peer fundraising platforms

Ongoing Long term

5.5. ACCF Events Develop and implement strategy and events calendar for ACCF events including Golf Days, Annual Lunch Event, TechNO! Challenge

Strategy and Events Calendar endorsed by Trustees Strategy implemented and reviewed Engage with social media and peer to peer fundraising platforms

Ongoing Long term

5.6. Submissions & Grants funding

Identify and monitor plan to target trusts and foundations in Australia

Plan endorsed by Trustees Target selected grants and funding providers Develop Grants Calendar

Ongoing Long Term

5.7. Bequest Development Campaign

Develop Bequest Program Strategy developed and endorsed by Trustees Plan implemented and reviewed


5.8. Supporters Recognition Program

Scope and develop program to acknowledge supporters. (on hold)

Strategy developed and endorsed by Trustees Strategy implemented and reviewed

Long term




8


Fundraising Support for projects Provide ongoing fundraising strategy and support to ACCF projects and programs

As required – support projects with fundraising strategy and initiatives

Long Term Ongoing




9

Environmental Issues

The Trustee company’s operations are not regulated by any significant environmental regulation under a law of the Commonwealth or of a State or Territory.

Key Performance Measures

Australian Cervical Cancer Foundation Health Promotion Charitable Trust measures its performance through a range of mechanisms presented at regular Trustee meetings for scrutiny. Australian Cervical Cancer Foundation Health Promotion Charitable Trust has developed a Strategic Plan and performance measures to reflect expected outcomes and performs an annual strategic review.

Information on Trustees

Details of qualifications, experience and special responsibilities of directors in office at the date of this report are: Mr Graeme Lade – Chair

B.A. (Hons) - ANU, former Ambassador to Nepal, Director of Malaysia, Brunei and Singapore Section in the Dept of Foreign Affairs and Trade, extensive domestic and overseas postings including Kuala Lumpur, Tokyo, Bangkok, Hong Kong and Counsellor at the Australian Embassy in Washington. Since 2009 he has accompanied his spouse on her assignments in the Philippines, Vietnam and Myanmar.

Mrs Linda Lavarch - Deputy Chair

LLB, Grad Dip Legal Practice (QUT) and former Member of Queensland, Parliament, former Attorney-General of Queensland and Director of PA Foundation, Chaired Commonwealth Government Non Profit Review Committee for more than 2 years, Recognised as one of Queensland’s 125 Leading Women by YWCA, Director, Member & Specialist Services at Queensland Nurses Union

Mr Michael T. Wille OAM – Director

BA (Hons) Eng, Phil, Bowling Green University, Yale University, Order of Australia, Former Consul-General for Nepal in Qld, Chief Executive of the Year (1996), Former founding Chairman of ACCF, Former Chairman PA Foundation and former Chairman/Director of numerous public and private organisations.

Mrs Lenore M. Wille – Director

BN, MHA, Grad Cert. Crit. Care, FAIM Forty years of substantial clinical expertise and health care management experience, Brisbane, former Director and CEO of PA Foundation.

Dr Surendra Bade Shrestha – Director

Ph.D. Political Science (Fulbright Scholar), M.S. Political Science(Gold Medallist) Founding Mayor of Banepa (3 terms), Founder and President of NNCTR/INCTR Nepal, Chairman, Management Committee, Chaintannya Multiple Campus, Banepa, Nepal, Chairman of Nepal Australian Cervical Cancer Foundation (NACCF).

Mrs Megan Mahon – Director

Principal Director of Mahon Legal, Past President of the Queensland Law Society, former Executive Director of the Law Council of Australia, awarded the Queensland Law Society President’s Medal 2017, WLAQ 2009 Woman Lawyer of the Year, Fellow of the Australian Academy of Law and Fellow of the Australian and New Zealand College of Notaries. Member of the Legal Practitioner Panel of the Queensland Civil and Administrative Tribunal and Griffith University Innocence Project Advisory Board.

Ms Jade Demnar – Director

B.A., B. Bus. Man. – UQ (Zonta Jane M. Klausman Women in Business Scholar, UQ Academic Excellence Scholar) and Peking University (Cheung Kong China Scholarship recipient). Accenture Management Consultant, TEDxSouthBank Curator & Speaker Liaison, University of Queensland Young Alumni Advisory Board Member. Formerly: International House Brisbane Foundation Committee member, Australia China Youth Association – UQ Vice President for Education. 2017 Queensland Young Achiever’s – BB Print Leadership Award Finalist (Winner TBA) 2016 AIM Leadership Excellence Awards Emerging Leader Finalist




10

Mr Sean Lybrand – Director

BA (Qld), BSc (Qld), MPH (Qld), GC H. Ec (Curtin). Director of Value, Access and Policy at Amgen Australia Pty Ltd; 20 years’ experience in health including academia and private industry. Experience in evidence-based medicine, health and reimbursement policy, pharmaceutical and vaccine access.

Ms Vicky Darling – Director

BA (Recreation Administration) (Griffith), GAICD. Experienced public policy, stakeholder engagement and campaigns professional. Former Minister for Environment, Member of the Queensland Parliament and Federal Government Chief of Staff. Current Board Member with Sustainability Victoria. Previously a volunteer presenter for ACCF in the ACT.

Details of the number of meetings of Trustee are:

Name Trustees Meetings

Number eligible to attend

Number attended

Mr Graeme Lade 3 3

Mrs Linda Lavarch 3 3

Mr Michael T Wille OAM 3 2

Ms Lenore M Wille 3 2

Dr Surendra B Bade Shrestha 3 0

Ms Megan Mahon 3 2

Ms Vicky Darling 3 3

Ms Jade Demnar 3 3

Mr Sean Lybrand 3 2

Note – all Directors who did not attend any meeting had submitted an apology or sought leave of absence

Remuneration Report

Directors receive no remuneration as directors from the Trustee company or any related party. Directors are reimbursed for any expenses they incur in their capacity as directors of the Trustee company in the conduct of the business of the Trustee company.

Indemnifying Officers or Auditor

Directors and Officers insurance is in place with Guild Insurance Ltd to insure all directors and officers against liabilities for costs and expenses incurred by them in defending any legal proceedings arising out of their conduct while acting in their capacities as directors and officers of the Trustee company, other than conduct involving a wilful breach of duty in relation to the Trustee company. The Trustee company has not otherwise, during or since the end of the financial period, in respect of any person who is or has been an officer or auditor of the Trustee company:

(a) indemnified or made any relevant agreement for indemnifying any such person against a liability, including costs and expenses in successfully defending legal proceedings; or

(b) paid or agreed to pay a premium in respect of a contract insuring against a liability for the costs or expenses to defend legal proceedings.




11

Shares and Options

The Trustee company was originally incorporated under the Corporations Act 2001 and is a company limited by guarantee. It is now governed by the Australian Charities and Not-for-profits Commission Act 2012 (ACNC Act 2012)1. It does not have any share capital or options. The maximum liability of any member is required to contribute to towards any outstanding obligation of the Trustee company upon winding up is $100. At 30 June 2017 the total amount that members of the Trustee company would be liable to contribute upon winding up is $900.00 (2016:$700.00).

Proceedings On Behalf Of Trust

No person has applied for leave of Court to bring proceedings on behalf of the Trust or the Trustee company or intervened in any proceedings to which the Trust or the Trustee company is a party for the purpose of taking responsibility of the Trust or Trustee company for all or any part of those proceedings. The Trust and the Trustee company were not a party to any such proceedings during the financial period.

Non-Audit Services

The board of directors of the Trustee company is satisfied that no non-audit services were provided by the external auditor’s company.

Auditors Independence Declaration

The lead auditor’s independence declaration for the year ended 30 June 2017 has been received and can be found on the page 12 of the Financial Report.

This Trustee Directors’ Report is signed in accordance with a resolution of the Board of Directors of the Trustee company.




12

Auditor’s Independence Declaration




The accompanying notes form part of these financial statements 13

Statement of Comprehensive Income for the Year Ended 30 June 2017

Note 2017 2016

Revenue 2 $85,924 $89,213

Expenses

Operating surplus (deficit) before Income tax

2

2 & 2a

$121,609

($35,685)

$88,699

$513

Income tax expense 1 $0 $0

Net surplus (deficit) for the Year

2 & 2a

($35,685)

$513

Other comprehensive income for the year

$0 0

Total comprehensive income for the year

($35,685) $513

Profit attributable to members of the entity

($35,685) $513

Total comprehensive income attributable to members of the entity

($35,685) $513





Statement of Financial Position as at 30 June 2017

CURRENT ASSETS Note 2017 2016

Cash and cash equivalents 3 $8,044 $42,296

Trade and other receivables 4 $4,340 $5,772

TOTAL CURRENT ASSETS $12,384 $48,068

NON-CURRENT ASSETS Note 2017 2016

TOTAL ASSETS $12,384 $48,068

CURRENT LIABILITIES 2017 2016

TOTAL CURRENT LIABILITIES $0 $0

NON-CURRENT LIABILITIES 2017 2016

TOTAL LIABILITIES $0 $0

NET ASSETS/(DEFICIENCY) $12,384 $48,068

EQUITY 2017 2016

Retained Profit (Accumulated Losses)

$12,384 $48,068

TOTAL EQUITY $12,384 $48,068





Statement of Changes in Equity for the year ended 30 June 2017

Note 2017

Retained Earnings Balance at beginning of period

$48,069

Surplus/(Deficit) for the year ($35,685)

Total Equity Balance at End of period

$12,384





Statement of Cash Flow for the year ended 30 June 2017

CASH FLOWS FROM OPERATING ACTIVITIES

Note 2017 2016

Receipts $85,924 $88,802

Interest Received $0 $411

Payments to suppliers and employees

($121,609) ($93,215)

Net cash provided by/(used in) operating activities

5 ($35,685) ($4,002)

NET INCREASE/(DECREASE) IN CASH HELD

2017 2016

Cash at beginning of the financial year

$42,296 $46,298

Net cash provided by(used in) operating activities

($34,252) ($4,002)

Cash at end of the financial year 3 $8,044 $42,296


ACN 12 301 469 345 NOTES TO AND FORMING PART OF THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR

ENDED 30 JUNE 2017


Notes to the Financial Statements

Note 1: Statement of Significant Accounting Policies

Basis of Preparation

The financial statements are general purpose financial statements that have been prepared in accordance with Australian Accounting Standards – Reduced Disclosure Requirements of the Australian Accounting Standards Board (AASB) and the Australian Charities and Not-for-profits Commission Act 2012 (ACNC Act 2012) and the Australian Charities and Not-for-profits Commission Regulation 2013 (ACNC Regulation 2013). The Trustee company is a not-for-profit entity for financial reporting purposes under Australian Accounting Standards. Australian Accounting Standards set out accounting policies that the AASB has concluded would result in financial statements containing relevant and reliable information about transactions, events and conditions. Material accounting policies adopted in the preparation of the financial statements are presented below and have been consistently applied unless stated otherwise. The financial statements, except for the cash flow information, have been prepared on an accruals basis and are based on historical costs, modified, where applicable, by the measurement at fair value of selected non-current assets, financial assets and financial liabilities. The amounts presented in the financial statements have been rounded to the nearest dollar. The accounting policies have been consistently applied, unless otherwise stated. The financial statements were authorised for issue on 21st September 2017 by the directors of the Trustee company.

Accounting Policies

Income Tax

No provision has been made for income tax as the Trust as the Australian Cervical Cancer Foundation Health Promotion Charitable Trust is endorsed for charity tax concessions and is income tax exempt under the Income Tax Assessment Act.

Property, Plant and Equipment, Intangibles (Software)

Each class of plant and equipment, and software, is carried at cost or fair value less, where applicable, any accumulated depreciation or amortisation and impairment losses.

Depreciation and Amortisation

The depreciable amount of all fixed assets and software is depreciated/amortised on a straight-line basis over their useful lives commencing from the time the asset is held ready for use.

Leases

Leases of fixed assets where substantially all the risks and benefits incidental to the ownership of the asset, but not the legal ownership, that are transferred to the Trustee company are classified as finance leases.

Lease payments for operating leases, where substantially all the risks and benefits remain with the lessor, are charged as expenses in the periods in which they are incurred. Lease incentives under operating leases are recognised as a liability and amortised on a straight line basis over the life of the lease term.



ENDED 30 JUNE 2017


Financial Instruments

Recognition

Financial instruments are initially measured at cost on trade date, which includes transaction costs, when the related contractual rights or obligations exist. Subsequent to initial recognition these instruments are measured as set out below.

Loans and receivables

Loans and receivables are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market and are stated at amortised cost using the effective interest rate method.

Available-for-sale investments

Available-for-sale investments are non-derivative financial assets that are either not capable of being classified into other categories of financial assets due to their nature or they are designated as such by management.

Available-for-sale financial assets are classified as non-current assets when they are expected to be sold within 12 months after the end of the reporting period. All other available-for-sale financial assets are classified as current assets.

Financial liabilities

Non-derivative financial liabilities are recognised at amortised cost, comprising original debt less principal repayments and amortisation.

Impairment

At each reporting date, the Trustee company assesses whether there is objective evidence that a financial instrument has been impaired. A financial asset (or a group of financial assets) is deemed to be impaired if, and only if, there is objective evidence of impairment as a result of one or more events (a “loss event”) having occurred, which has an impact on the estimated future cash flows of the financial asset(s).

In the case of available-for-sale financial assets, a significant or prolonged decline in the market value of the instrument is considered to constitute a loss event. Impairment losses are recognised in profit or loss immediately. Also, any cumulative decline in fair value previously recognised in other comprehensive income is reclassified to profit or loss at this point.

When the terms of financial assets that would otherwise have been past due or impaired have been renegotiated, the Trustee company recognises the impairment for such financial assets by taking into account the original terms as if the terms have not been renegotiated so that the loss events that have occurred are duly considered.

Impairment of Assets

At each reporting date the Trustee company reviews the carrying values of its tangible and intangible assets to determine whether there is any indication that those assets have been impaired. If such indication exists, the recoverable amount of the asset, being the higher of the asset’s fair value less costs to sell and value in use, is compared to the asset’s carrying value. Any excess of the asset’s carrying value over its recoverable amount is expensed to the income statement. Where it is not possible to estimate recoverable amount of an individual asset, the Trustee company estimates the recoverable amount of a cash generating unit to which the asset belongs.



ENDED 30 JUNE 2017


Employee Benefits

The Trust had no employees during the financial period.

Provisions

Provisions are recognised when the Trustee company has a legal or constructive obligation, as a result of past events, for which it is probable that an outflow of economic benefits will result, and that outflow can be reliably measured.

Revenue

Revenue from the rendering of a service is recognised upon the delivery of the service to the customers. Donations, appeals, sponsorships and bequests are recognised as received. Interest revenue is recognised on a proportional basis taking into account the interest rates applicable to the financial assets.

Government Grants

There have been no Government grants to date.

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 not recoverable from the Australian Taxation Office. In these circumstances the GST is recognised as part of the cost of acquisition of the asset or as part of an item of the expense. Receivables and payables in the balance sheet are shown exclusive of GST. The Trust is not yet registered for GST.

Trade and Other Payables

Trade and other payables represent the liabilities for goods and services received by the Group during the reporting period that remain unpaid at the end of the reporting period. The balance is recognised as a current liability with the amounts normally paid within 30 days of recognition of the liability.

Comparative Figures

Where required by Accounting Standards comparative figures have been adjusted to conform to changes in presentation for current financial year. This financial period is the first period of operation so there is no comparative figure.

Critical Accounting Estimates and Judgements

The directors evaluate estimates and judgements incorporated into the financial report based on historical knowledge and best available current information. Estimates assume a reasonable expectation of future events and are based on current trends and economic data, obtained both externally and within the Trustee company.

Adoption of new and revised accounting standards

During the current year, the Company adopted all of the new and revised Australian Accounting Standards and Interpretations applicable to its operations which became mandatory. The adoption of these Standards did not leave any impact on the current period or any prior period, and is not likely to affect future periods.

New Accounting Standards and Interpretations

The AASB has issued new and amended Accounting Standards and Interpretations that have mandatory application dates for future reporting periods. The Company has decided against early adoption of these Standards . The following table summarises those future requirements, and their impact on the Company:



ENDED 30 JUNE 2017


Standard Name Effective date for entity Requirements Impact

AASB 9 Financial Instruments and amending standards AASB 2010-7 /AASB 2012-6 / AASB 2014-7 /AASB 2014-8

30 June 2019 Significant revisions to the classification and measurement of financial assets, reducing the number of categories and simplifying the measurement choices, including the removal of impairment testing of assets measured at fair value.

The entity has not yet determined the magnitude of any changes which may be needed.

AASB 15 Revenue from Contracts with Customers

30 June 2019 This standard provides guidance on the recognition of revenue from customers.


AASB 16 Leases 30 June 2020 Significant revisions of accounting for operational leases on balance sheet by Lessees of property and high value equipment. However, exemptions for short-term leases and leases of low value assets will reduce the impact




ENDED 30 JUNE 2017


2017 2016

Note 2: Profit for the Year

Profit for the year before income tax has been determined after:

Revenue

Donations, appeals, events and sponsorships $85,807 $88,802

Interest received from non-related parties $117 $41

Total Revenue $85,924 $89,213

Expenses: 2017 2016

Bank & credit card fees & charges $766 $560

Donations, appeals, events and sponsorships expenses $12,590 $6,677

Marketing $0 $1,476

Office expense, inc printing $3,457 $2,483

Employment and Contractor related Expenses $40,750 $0

Other Expenses $962 $240

Program expenses $63,084 $77,262

$121,609 $88,698



ENDED 30 JUNE 2017


Note 2a: Details Charitable Fundraising Act 1991

Details Charitable Fundraising Act 1991

Information and Declaration to be furnished under the New South Wales Charitable Fundraising Act 1991:

1. Details of aggregate gross income and total expenses of fundraising appeals

Gross Proceeds 2017 2016

Sponsorships and events – Income

Donations – Income $85,924 $89,213

Subtotal income $85,924 $89,213

Sponsorships and events – Expenses

Donations - Expenses $12,590 $6,677

Subtotal Expenses $12,590 $6,677

Net surplus from Fundraising $73,334 $82,536

2. Statement showing how funds received were

applied to charitable purposes 2017 2016

(i) Net surplus from Fundraising $73,334 $82,536

(ii) This surplus is used for promoting awareness and prevention of cervical cancer and programs to facilitate cervical cancer screening and HPV vaccination.

3. Fundraising appeals conducted during the financial period

Throughout the financial period, ACCFHPCT conducted Raffles in NSW and Qld and direct mail appeal to supporters in Qld and Events for supporters in Qld

4. Comparison by monetary figures and percentages comparisons

2017

$

2017

%

2016

$

2016

%

Total cost of fundraising $12,590 15% $6,677 7.5%

Gross income from fundraising $85,924 $89,213

Net surplus from fundraising $72,934 85% $82,536 92.5%

Gross income from fundraising $85,924 $89,213

Total cost of services $80,859 66% $77,262 87%

Total expenditure $121,608 $88,700

Total cost of services $80,859 66% $77,262 86.6%

Total income received $85,924 $89,213

5. Information on traders

The Trust has not engaged a trader to undertake any fundraising.



ENDED 30 JUNE 2017


Note 3 Cash and Cash Equivalents 2017 2016

Cash on hand & at bank $8,044 $42,296

Short term deposits $0 $0

Total Cash & Cash Equivalents $8,044 $42,296

Note 4 Trade and other receivables

GST Refund Due $4,340 $5,772

Undeposited funds $0 $0

Total Other Assets $4,340 $5,772

Note 5 Reconciliation of net cash provided by operating activities to operating result after income tax

2017 2016

Operating profit/(loss) after income tax

Non-cash flows in operating profit: ($35,685) $513

Changes in current assets and liabilities

(Increase)/decrease in trade and other receivables $1,433 ($4,515)

(Increase)/decrease in other assets $0 $0

(Increase) /Decrease in fixed assets $0 $0

Increase/(decrease) in trade and other payables $0 $0

Increase/(decrease) in other provisions $0 $0

Net cash provided by(used in) operating activities ($34,252) ($4,002)

Note 6 Related Party Transactions

Other related parties include close family members of key management personnel and entities that are controlled or jointly controlled by those key management personnel individually or collectively with their close family members. There are no transactions between related parties.



ENDED 30 JUNE 2017


Note 7 Key Management Personnel compensation

Any person(s) having authority and responsibility for planning, directing and controlling the activities of the entity, directly or

indirectly, including any director (whether executive or otherwise) of that entity is considered key management personnel.

(a) Directors – non-executive Directors receive no remuneration as a director from the Trustee company or any related party. Directors are reimbursed for any expenses they incur in their capacity as directors of the Trustee company in the conduct of the business of the Trustee company. The directors are ordinary members of Australian Cervical Cancer Foundation Health Promotion Charitable Trust. No retirement or superannuation benefits were paid to the directors as a director by the Trustee company or any related party.

(b) Compensation Details There have been no employees during the financial period

The totals of remuneration paid to key management personnel (KMP) of the Trustee company during the year are as follows:

2017 2016

Key management personnel compensation includes wages & superannuation -Nil

All Voluntary

-Nil

All Voluntary

Note 8 Financial Instruments

(a) Financial Risk Management

The Trustee company holds no financial instruments. The main financial risk for the organisation is to source

sufficient income through fundraising.

The Trustee company does not have any derivative instruments at 30 June 2014.

Foreign currency risk

The Trustee company is not exposed to fluctuations in foreign currencies.

Liquidity risk The Trustee company manages liquidity risk by monitoring forecast cash flows and ensuring that adequate funds are available to pay debts as they fall due.

(b) Interest Rate Risk

The Trustee company has no current investments on call in ordinary bank accounts at approx.. 1% below best term

deposit rates.

(c) Net Fair Values

The net fair values of assets and liabilities approximate their carrying value. No financial assets and financial liabilities

are readily traded on organised markets in standardised form. Financial assets where the carrying amount exceeds

net fair values have not been written down as the Trustee company intends to hold these assets to maturity.

The aggregate net fair values and carrying amounts of financial assets and financial liabilities are disclosed in the

balance sheet and in the notes to the financial statements.

Note 9 Economic Dependency

The level of income from bequests, donations and sponsorships is not directly under the control of the Trustee company,

and may substantially vary from year to year.



ENDED 30 JUNE 2017


Note 10 Members’ Liability

The Trustee company is limited by guarantee and has no share capital. The liability of the members is limited. If the

Trustee company is wound up, the Constitution states that each member is required to contribute a maximum of $100

each towards meeting outstanding obligations of the Trustee company.

At 30 June 2017 the total amount that members of the Trustee company would be liable to contribute upon winding up is

$900.00. (In 2016- $700.00.)

Note 11 Additional Trustee company Information

The Trustee company’s Registered Office is:

21 O’Keefe St,

Woolloongabba Qld 4102

Principal Place of Business is:

Suite 28, Level 5

269 Wickham Street

FORTITUDE VALLEY QLD 4006



ENDED 30 JUNE 2017


Trustee Directors’ Declaration

The Directors of the Trustee company declare that: 1. The financial statements and notes as set out on pages 13 to 25 re in accordance with the Australian

Charities and Not-for-profits Commission Act 2012 and the Australian Charities and Not-for-profits Regulation 2013 and:

a. Comply with Accounting Standards – Reduced Disclosures Requirements; and b. Give a true and fair view of the financial position as at 30 June 2017 and of the performance

for the year ended on that date of the Company. 2. In the Directors’ opinion, there are reasonable grounds to believe that the company will be able to pay

its debts as and when they become due and payable. This declaration is made in accordance with subsection 60.15(2) of the Australian Charities and Not-for-profits Commission regulation 2013, a resolution of the Board of Directors of the Trustee company. And further that in accordance with NSW Charitable Fundraising Act 1991 Standard Authority Conditions:

a) The accounts give a true and fair view of all income and expenditure with respect to fundraising appeals;

b) The balance sheet gives a true and fair view of the state of affairs of the Trust with respect to fundraising appeals;

c) The provisions of the Act, the regulations under the Act and the conditions attached to the fundraising authority have been complied with by the Trust from any of its fundraising appeals and

d) All internal controls exercised by the Trust are appropriate and effective in accounting for all income received and applied by the organisation from its fundraising appeals.

This declaration is made in accordance with a resolution of the Board of Directors of the Trustee company.



ENDED 30 JUNE 2017


Independent Audit Report



ENDED 30 JUNE 2017


australian cervical cancer foundation health promotion

Documents