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Annual Report 2013 - 2014

AFADU Annual Report

Aid for Africa Down Under (AFADU) is an Australian based non profit organisation. AFADU’s vision is…

“To influence & enable safe, healthy, prosperous communities in Africa for children throughout their lives through partnerships”

Since 2004 it has focused on supporting the Lirhanzo ChildrensVillage (LCV) in Zimbabwe, Chikombedzi hospital and the surrounding communities.

We work with local community members and other charities to support innovative and sustainable development projects and programs, in collaborative partnerships with local and overseas communities.

Our work focuses on sustainable projects and programs in the following four key areas:

1. Health

2. Community education

3. Vocational skills and training

4. Community support and development

2014 has seen AFADU continue its ongoing support through its volunteers and supporters. The partnership approach with local organisations continues to be strengthened. This annual report presents key highlights from LCV, Chikombedzi and our work in Australia.

What we do....

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Sustainable Communities

Health

Support & development

Community education

Vocational skills

AFADU Annual Report

It’s with sadness this year that we announce the loss of some people who are dear to AFADU’s heart……

Jimmy….

Many who knew Jimmy (pictured right) spoke of his dedication and love of his family. He was husband to the amazing Jenita (sister of Margreth our child care manager at LCV). He had been working hard in Mozambique to provide for his family. Wendy speaks of the lovely times she and Jimmy had during her recent visit. Sadly, Jimmy passed away this month from Tuberculosis. He was so proud of his two year old twins and his two teenagers – Victory and Success. AFADU is exploring ways we can support Jenita and her four children following this devastating loss.

Mr Sibanda …

Mr Sibanda has been a long time supporter of LCV and the Chikombedzicommunity. He has sat on the LCV and hospital boards. He is also the father of Dr Godfrey Sibanda – an AFADU board member.

Mr Sibanda passed away after a long illness earlier this year. Despite this sadness Godfrey as well as Margret & Fergal Fleming (AFADU Board members) got to attend a celebration of Mr Sibanda’s life in his homeland.

Mr Sibanda commitment to LCV, and through that, is one of the reasons LCV exists. Without his guidance and support LCV would not exist. AFADU’s thoughts continue with Godfrey and his family.

In loving memory....

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AFADU Annual Report 2014

ContentsWhat we do… 2

In loving memory 3

A word from the chair 4

AFADU & LCV key facts 6

Programs & projects:

Community education and support 8

Health 12

Community support & development 14AFADU Operations:

Governance 17Marketing & communications 18Fundraising & membership 18

Audited financial statements 19

AFADU Contacts 31

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This year has seen AFADU to continue to expand our support of Lirhanzo Children’s Village and the Chikombedzi community in south eastern Zimbabwe. We have a number of successful micro-finace projects which are starting to bear fruit…. And make money. Self-sustaining projects are our ultimate aim. If we can educate and skill up people for future jobs the better they will be.

In the meantime we continue to work with local partners in Zimbabwe and Australia to provide the best possible outcomes and most direct support we can. When I started my association with AFADU in 2010 I never thought a group of committed volunteers and sponsors could achieve so much! Our strategic planning day highlighted to me, again, the commitment of our board and volunteers. Flying in from all over Australia we have now set the direction for the future of AFADU over the next 3 years. The plan will be sent to members and sponsors early in the new years. Thanks to the Board for all your efforts. In particular I would like to thank Jill Farinelli who has taken on the role of treasurer and provided us with great guidance in relation to our finances. Under her guidance I can assure you we are financial, stable and compliant!

A word from the Chair – Craig Gear

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“We have come a long way in 12 years and I think we are entering a new phase where we can build on what has been achieved and see the

community that we support grow into the future. Its thanks to the commitment that we all have and the difference that we help make together with the vision that Ezelle and others have in Zimbabwe.”

Ian Routledge - Deputy chairperson

I’m very proud of AFADU – we really do punch above our weight as I think you will see from this annual report and the key outcomes report on the following page.

I continue to thank our sponsors, donors and supporters every year. That’s because without your generosity we would not exist and Lirhanzo Children’s Village would not survive. LCV is not an orphanage – it’s a community which helps children and the local community strive and thrive!!!!!


AFADU & LCV key facts

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0

5

10

15

20

Newborns(<1)

1 - 6 years 6 - 10 years 10 - 14 years14 - 18 years over 18

Age profile LCV

Boys Girls Total

18%

27%

2%7%

12%

3%

12%

16%

1%2%

How your contribution provides support

LCV food & supplies LCV wages

LCV child medical Child secondary/tertiary

Community support Community development projects

Vechiles Hospital & health

Overseas bank fees AFADU management costs

• Over 50 children and young people supported annually, 30 boarding at LCV

• Four AFADU supported LCV children have completed university/TAFE

• AFADU increased direct financial support to LCV children by 16% this year with plans to increase by a further 18% next year

• AFADU has assisted in two successful Australian Government DFAT proposals – providing water & housing at LCV

• Two newborns at LCV - one child restored to family this year

• Less than 3% of donated funds were spent on AFADU (Australian) operations in 2013/14

• 28% increase in child sponsors with 97% children fully sponsored

• 72% increase in AFADU revenue in 2013/14

• Four AFADU Board/volunteers on in-country field trips

• Two vehicles acquired for LCV/AFADU in-country use


Programs & projectsWe support sustainable and innovative projects in the areas of:

• Health • Child education and support• Vocational skills and training • Community support and development

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Our values guide AFADU’s work and include:

• Adopting participatory approaches to develop and implement creative solutions to identified problems

• Connecting people and communities in Africa and between Africa and Australia in a manner that engenders mutual trust and respect

• Fostering mutual learning• Respecting the environment, local customs and culture of the communities in which we

work• Operating with openness, honesty and integrity to ensure transparency and accountability

to communities, development partners, donors, our volunteers, and most importantly to our young beneficiaries are foremost in all our activities


Key achievements:

• 30 children permanently cared for within orphanage – health, education and welfare needs all catered for in 2014, with an additional 20 children supported in town and at university

• Two babies are now in the care of the orphanage and doing extremely well

• Childcare Manager has been doing a fantastic job dealing with the day to day issues of the orphanage and working with Social Welfare

• Zimbabwean National Residential Child Care Standards provide good operating guidelines and have been implemented at LCV with the support of LCV volunteers ‘in field’

• Proposal for additional housing and support for LCV (enabling increased accommodation of support and facilities) was successful – funds from the Australian Government’s Direct Aid Program have been transferred to LCV and work is being fast tracked.

Challenges:

• Some children with HIV continue to have health issues with long distances and high costs for treatment

• Transition planning for children in their teenage years – pathways to work and further education are desperately needed and in short supply

• Increased pressure on the house mothers with up to 30 children now resident. As well as the babies needing care, some of the other children are reaching their teens with increased challenges

• Maintenance and other costs are increasing - age and wear and tear on the buildings, increased fuel consumption and increased food and baby formula costs all contributing to the increased costs

Future Plans:

• Boost staff to allow an increase in the number of children under care

• Increase visitor support program once volunteer accommodation completed

Community education and support program – Lirhanzo Children’s Village

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AFADU sponsorship of the LCV children enables the payment of salaries to all the LCV workers as well as some of the food costs and school fees.


Meet the children of LCV…

Lirhanzo Children’s Village (LCV) continues to provide a safe and secure home for over 30 children. Some of these are orphans, some require out of home care due to domestic and family violence and a few reside at LCV so they are able to get the primary school education the need.

There are over 200 LCV and local children now attending the LCV primary school. AFADU pays for half of the 10 teachers at the school. AFADU also supports around 18 children at the Secondary school in Chikombedzi – providing school fees, books, food and housing. We also support a few of our older children in vocational training and to attend university. Some updates on a few of the LCV family are below:

• 2 new babies, Alexander and Tawadzera are now on our program, one child born to a girl at LCV and one baby dumped at Rutenga and brought to LCV by Social Services

• 3 other children (Nyaradzo, 15 Elmore 10 and Elvin 15) were placed at LCV by Social Services during the year

• 3 local and bright children were added to our program from the wider community. The two older girls, Tiyesalani and Kulani live in town with Margret and attend high school and are doing well and their brother, Wisani is still at primary school but expected to be bright..

• Dudzai and Marvellous have left the program after getting married. The two girls were married. One is still studying at Masvingo Technical College

• Blessing has gained employment at LCV as a “carpenter” and is also getting married after further education at Caritas College

• One of our older girls tried reconnection with her family and left the program. Following a period away she has requested to return to LCV to continue her studies

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Work commences on LCV expansion…

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December 2014

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With the help of AFADU Board member Fergal Fleming a successful proposal was written up, on behalf of the Lirhanzo Children’s Village to the Australian Direct Aid Program. The funding, gratefully received, was to cover the erection of a new building on the LCV site to house a sickbay, wet and dry storage room, office and volunteer accommodation and when complete will solve the major crowding issues. When the structure is complete, the Archer family, major supporters from Australia, have kindly agreed outfit the inside with suitable furniture and fittings.

This project is a true international partnership… developed locally by the LCV team and guided by AFADU. The new building will allow better conditions for the LCV children and allow LCV to better meet Zimbabwe Department of Social Services child protection and out of home care guidelines.


The amazing adventures … and return… of Gogo!!!

Wendy Mahy, our intrepid explorer and AFADU Board Member has just retuned from her second field trip to AFADU supported programs in Zimbabwe. Field trips are an important part of our governance so that we know what’s going on in country. Four affiliated AFADU members have travelled to LCV and Chikombedzi in the last year…

It was such a great pleasure, however, plagued with moments of deep sadness, spending four months in the remote south east corner of Zimbabwe as a guest at Edenvale Ranch, the remnants of a once thriving cattle property. The homestead is still occupied by Ezelle Schimper the Founder and Manager of LCV which is established in a fertile area once a part of the 40,000 acre property. The Schimpers lost their land to the war veteran movement, but kept the homestead. The orphanage is located just outside of the ranch and occupies four cottages.

Having spent many happy hours and days at the orphanage during my time in Zimbabwe it is wonderful to see allocated donations and the childrens’ sponsorship monies ‘in action’! The four Guardian Mothers, Mercy, Mutimuni, Patricia, and Agness, who live in-house on a full time basis do a marvellous job with the children. They are of the opportunity to care for the children whose ages range from babies to teenagers.

It is important that we continue to attract new sponsors for the ever increasing arrival of new children, and we continue to inspire our generous and big-hearted current sponsors without whom LCV would fall apart. Proudly we can report an increasing number of success stories as some of the children, now young men, have diligently completed their secondary schooling, embarking on tertiary studies to gain qualifications in the likes of Veterinary Science and Accountancy. It is pleasing to note that there are a raft of young women at LCV who aspire to empowerment in the same direction.”

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December 2014

“Someone’s coming, someone's coming” their shiny faces transmit, turned in my direction as the vehicle eases carefully through the gate into the Orphanage gardens. They cease playing and watch in anticipation – who is this pink skinned visitor with white hair – “Oh she looks old – it

must be a Gogo (Shona for ‘grandmother’)”...

AFADU Annual Report

Health surveillance and intervention

• In 2013 Chikombedzi Mission Hospital recorded 2643 cases of malaria, and 2365 cases of HIV AIDS and AIDS related conditions.

• “Our HIV AIDS clients present a peculiar challenge especially in follow up as they fail to come for reviews.” To this end through support from partners we carried out weekly outreach programs to various places within the district.

• 1860 cases of Acute Respiratory Infection were treated, and 40 new cases of diabetes and 169 cases of hypertension diagnosed - bringing the double burden of communicable and non-communicable diseases for our community.

• 212 cesarean sections last year and we had 3 maternal deaths. Audit meetings were conducted to see how these could have been prevented.

Workforce

• Although Sub-Saharan Africa has 24% of the global burden of disease, it has only 3% of the world's health workers.

• Dr Makore notes that 2013/14 was a very difficult year, having to make do with skeleton staff as colleagues were undertaking further training and Chikombedzi Mission Hospital's long serving nurse Mr Siwawa retired. Dr Maimba, joined the team in April 2013.

Infrastructure

• Hospital appearance has improved. The whole hospital has been painted green and the gardens are now very beautifully kept, along with improved fencing and security

• Two ambulances, one small truck for supplies and one admin vehicle now available X-Ray machine installed

• AFADU funds supported establishment of two rural health clinics and through Harmer’s Lawyers over $14,000 funds provided additional medical and health services

Health program - Chikombedzi Mission Hospital & surrounding health services

December 2014

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AFADU Annual Report

A push for the development of a Nursing School commenced around 2006 due to the increased demand for services. The field trip in February 2012 established that no nursing training was available in the Chiredzi area and the project has string support from the hospital Board, local members of Parliament and community stakeholders. An old building within the Hospital Grounds was chosen for renovation and in 2008 a long term supporter of AFADU and Qantas Captain, Margret Conway donated $2000 to start the ball rolling. By September 2009 the School was beginning to take shape and the old building had been expanded to include a toilet block, office, library, demonstration room and lecture theatre. Many donors have since contributed.

All projects have challenges and the School of Nursing had many. It also became apparent after reading the new Zimbabwean Government criteria that the Chikombedzi Mission Hospital fell way short and in the foreseeable future would not become a “Teaching Hospital” therefore impossible to support a registered School of Nursing.

Board member and registered nurse, Marg Fleming and husband Fergal, from Darwin visited earlier this year. After many emails with the AFADU Board in Australia, initial despair and disappointment, then discussions with the Chikombedzi Hospital administration it was decided that the “School of Nursing” would become the brand new “Chikombedzi Hospital Education Centre”.

Although the dream was only partially accomplished, the project has fulfilled many of the goals we set out to achieve. The Centre is being used for education and training and as a resource centre. Standards of care will rise as more courses are held in the new facility.

Health program – Health Education Centre

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“On Thursday 24 April 2014 we had an official handover of the “Education Centre”. Marg (AFADU Board) acknowledged the funders and supporters and thanked Alison and Benson for assistance in getting the premises ready. There was a tour of the library, office and lecture rooms. … the main lecture room was being used by traditional health workers for an educational meeting related to the distribution of rota virus and HPV immunisations. Student nurses on rural placement will enjoy the facility as well as many workshop participants from rural health centres. The centre is also being used by hospital staff for in-service training” (Ezelle)


Securing LCV’s water supply…

Food and water security continue to be a big need for LCV and the Chikombedzicommunity. This year has seen the ‘water’ project expand. Previously the only source of water was from pumping from a river about 1km away – not good when the pump breaks, it floods or there is no water in the river due to drought.

Following successful application to the Australian Government’s Direct Aid Program two bore holes were dug at LCV. 2013/14 has seen solar pumps provided through AFADU sponsors and funds providing much more reliability and less work for the children at LCV to fetch water. They can now concentrate on their schooling. Rains have come in recent days - lets hope they last… but if they don’t at least we have a flowing bore!

Community support & development program – Food security through jobs and water…

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The Grinding Mill is grinding strong...

Technological engine troubles didn't stop the mill for long. After many challenges with engines have now been resolved with a back up engine in place. The project provides jobs and any profits are returned to help run LCV with their running costs. The project is now self funding all its operating costs and any repairs. It turned over about $4,500 US last year and contributed back over $900 US to LCV and the community. Not a bad profit margin!

Empowering women through an AFADU micro-finance bakery…

Last year the guardian mothers of LCV came to us with an idea. ‘Would AFADU lend them some money to start a bakery?’ They wanted to experience a business ‘start-up’ and learn how to operate a business on their own. AFADU provided the funds and the bakery is now an integral part of the LCV community. The women are returning money to LCV after their wages and will commence load repayments to AFADU in 2015. A great success story …and the bread is pretty good too!

“I think that all will agree that this project is now working and the growing problems are sorted. The community is now dependent on this project and quickly complains if the mill is not running. Eliphas is the best miller we have had and he is here to stay. He is very good with the public, always very friendly, never complains and knows how to take care of the mill. From May 2013 to April 2014 we made a total profit of $846.70 - most of this went to both LCV orphanage and the school. We are keeping 10% of the profit each month to pay for maintenance and repairs. We have finished harvesting both sorghum and maize. We expect lots more grinding this year as people had bigger harvests" (Ezelle’s update on the grinding mill)

AFADU Annual Report

Container project

Since November 2003 we have packed and shipped 16 containers to Zimbabwe to support the needs of the school, village and hospital.

You can imagine that its not easy trip to send such large amounts of goods half way around the world. This container journey was particularly challenging with customs inspections, increased fees, and lots of late night headaches for Ezelle, Ian and the container team! The assistance of the dedicated team at Fribi in South Arica got us through and was most appreciated.

The availability and access to goods has improved in Zimbabwe and South Africa over recent years things have also improved in recent years with many household, electrical and medical supplies available in Masvingo, Harare and Chiredzi. AFADU wants to support locally based businesses and the local economy. There is also risks of donors goods being seen as welfare which is not sustainable or our operating model.

For these reasons we have decided to put the container project on hold. We will continue to investigate options for Love in a Box and other direct giving projects so that people will still feel that connection to those on the ground.

LCV/AFADU vehicles

Transport is always a challenge and you need a sturdy four wheel drive to navigate the low veldt roads…. Through AFADU funds and kind donations from supporters a vehicle was purchased to assist LCV staff and AFADU field trips.

AFADU also contributed to the LCV Child Care Managers vehicle which arrived late in 2014. Now Margreth can transport the children to health services and travel the 150km to the nearest supermarket for much needed food and supplies.

Community support & development program

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AFADU Operations

• We build capacity with local and overseas communities for transparent and accountable governance in relation to the projects and programs we support

• We pursue charitable purposes in a non-political, non-religious and non-partisan manner

• We engage and collaborate with organisations, institutions and bodies to achieve our goals

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The focus of the AFADU Board has continued to be the provision of transparent, rigorous and committed governance – making sure we do what we say we will do. At points there have been challenges in doing this. But we remained committed to making sure that 95% of our child sponsorship donations reached the ground to deliver much needed support – this is our ongoing commitment to sponsors and donors.

Our strategic planning day was a great success and has given us further focus for the next three years

Key achievements:

• 7 Board meetings held with over 80% Board attendance with one new Director joined the AFADU Board – Anna Yip

• Finalisation of processes for tax deductibility through Rotary

• ASIC audit and Australian Charity & Not-for-profit Commission (ACNC) requirements met

• AFADU worked with local Zimbabwe managers, Boards and staff to increase the reporting and project management in Zimbabwe

• Corporate responsibilities for insurance & charity registration implemented

• New MYOB finance system implemented with improved reporting

• Increased financial reporting rigour following the appointment of Jill Farinelli as Honorary Treasurer

• 3 eNews broadcasts to over

• Over 14 successful transfers and remittance of funds to Zimbabwe to undertake our work

• Three field from AFADU Directors with four participants

AFADU Operations – Governance

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AFADU Annual Report

AFADU continues to move into the modern age. Along with distribution of last years annual report we have produced three eNews updates. We feel this is a more effective an efficient way of communicating with members and sponsors and keeping them up to date with the work AFADU is undertaking.

Each newsletter reached over 800 unique individuals, with an overall reach of 3,200 contacts. Planning is underway for next years quarterly eNews so keep an eye out!

AFADU Operations – Marketing and communication

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AFADU Operations – fundraising & membershipKey financial support was provided through the sponsorship program – this support children accommodation and education. It costs over $1,000 US to support each LCV child annually.

Key achievements:

• Provided $51,231 to directly support LCV resident children’s welfare and education between December 2013 and December 2014

• We welcomed 15 more sponsors to the program this year.

• We have $51,119 committed by sponsors, the first time we have had over $50,000 promised.

• We have 50 kids on our list of sponsored children. 94% have full sponsorships

• Over supporters of our 2014 Kris Kringle appeal have committed to purchasing over 65 Kris Kringles – raising over $2,600 for education and making Christmas a happy affair for LCV


AFADU Audited financial statements

• We continue to commit to strong financial governance, transparency management

• We continue to exceed our financial duties by having annual audits of our finances

• We maximise the funds that get to those in need and minimise operating costs here in Australia through our volunteer model of operating

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Craig Gear Board of Directors

Ian Routledge Board of Directors Appointed 29/07/2008, secretary appointed on

18/12/2012, and deputy chairman appointed on 26 August 2014.

Emily Pia O’Donnell Board of Directors Appointed 5/12/2010, Resigned 18 November 2013

Pamela Joan Harrison Board of Directors Appointed 29/07/2008

David Utting Board of Directors Appointed 28/06/2011

Margaret June Fleming Board of Directors Appointed 27/11/2011

Godfrey Sibanda Board of Directors Appointed 30/10/2012

Wendy Mahy Board of Directors Appointed 30/10/2012

Anna-Maree Shin Ting Yip Board of Directors Appointed 1/09/2013

All directors were in office from the beginning of the financial year until the dateof this report unless otherwise stated.

PRINCIPAL PLACE OF BUSINESSAid for Africa - Down Under Limited (the “Company”) is a not-for-profit organisation with its registered office at NAB Level 1/ 71 Smith St Darwin NT 0800.

PRINCIPAL ACTIVITIES

The principal activities of Aid for Africa – Down Under Limited (AFADU) were to support innovative and sustainable development projects and programs, in collaborative partnerships with local and overseas communities, in the areas of:

(i) health;

(ii) vocational skills and training;

(iii) community education;

(iv) community development and support;

No significant change in the nature of these activities occurred during the year.

OBJECTIVES

The company’s short term objectives are to ‘Support innovative and sustainable development projects and programs, in collaborative partnerships with local and overseas communities.’

The company’s long term objectives are to:

• Build capacity with local and overseas communities for transparent and accountable governance in relation to the projects and programs supported by the Company;

• Inspire local and overseas communities and individuals as to the contribution they can make to building capacity and social capital;

To achieve these objectives the company has adopted the following strategies:

• Pursuing charitable purposes and fundraising in a non-political, non-religious and non-partisan manner;

• Engaging and collaborating with those organisations, institutions or bodies which support and uphold the commitments and values of AFADU

• Publicising and distributing information and newsletters on the work and achievements of AFADU to inform stakeholders, donors and members of the progress of projects and programs

Audited financial statements

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DIRECTORS’ REPORT

Your directors submit their report for the year ended 30 June 2014.

DIRECTORSThe names of the directors of the Company in office during the financial year and until the date of this report are:

Names, qualifications, experience and special responsibilities


DIRECTORS’ MEETINGS

The number of meetings of directors held during the year and the number of meetings attended by each director were as follows:


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RESULTS AND DIVIDENDSThe net profit of the Company for the year ended 30 June 2014 was $18,873 (2013 loss of $15,453).

The Company is prohibited from paying dividends to any of its members.

REVIEW OF OPERATIONSA summary of revenues and results is set out below:

2014 2013$ $

Revenue 99,552 57,811

Less: Expenses (80,679) (73,264)

Operating Profit 18,873 (15,453)

SIGNIFICANT CHANGES IN THE STATE OF AFFAIRS

There have been no significant changes in the state of the Company's affairs during the financial year.

SIGNIFICANT EVENTS AFTER THE BALANCE DATE

There have been no significant events that have occurred after the balance date which may affect either the Company's operations or results of those operations or the Company's state of affairs.

INDEMNIFICATION AND INSURANCE OF DIRECTORS

The Company has not indemnified any directors.

Director’s Name Number of meetings held Number of meetings

attended

Craig Gear 7 7

Ian Routledge 7 7

Pamela Joan Harrison 7 7

Emily Pia O’Donnell 3 2

Godfrey Sibanda 7 4

David Utting 7 7

Margaret June Fleming 7 5

Wendy Mahy 7 5

Anna-Maree Shin Ting Yip 6 5

The company is incorporated under the Corporations Act 2001 and is an entity limited by guarantee. If the company is wound up, the constitution states that each member is required to contribute a maximum of $1 towards meeting any outstanding obligations of the company. At 30 June 2014 the collective liability of members was $72 (2013: $74).

AUDITOR’S INDEPENDENCE DECLARATION

A copy of the auditor’s independence declaration as required under section 307C of the Corporations Act 2001 is set out on page 4.

Signed in accordance with a resolution of the directors:

Craig Gear Ian RoutledgeDirector – Chair Director - Secretary

Sydney, 17th December 2014



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AFADU Annual Report 2014November 2014

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AFADU Annual Report 2014 November 2011

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STATEMENT OF FINANCIAL POSITION

As at 30 June 2014


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STATEMENT OF COMPREHENSIVE INCOMEFor the financial year ended 30 June 2014

REVIEW OF OPERATIONSA summary of revenues and results is set out below:

Note 2014 2013$ $

Revenue

Revenue 2 99,552 57,811

ExpensesOther expenses 3 (80,679) (73,264)

Net profit (loss) attributable to members 18,873 (15,453)Other comprehensive income 0 0Total Comprehensive Income (loss) attributable to members 18,873 (15,453)

Notes 2014 2013$ $

ASSETSCurrent AssetsCash in bank 4 42,781 34,070Account receivable 5 1,350 0Total Current Assets 44,131 34,070Non-Current AssetsMotor Vehicle – at cost 10,284 0Less Accumulated depreciation 1,028 0

9,256 0Total Non-Current Assets 9,256 0Total Assets 53,387 34,070

Total Current Liabilities 6 1,358 914

Total Non-current Liabilities 0 0

Total Liabilities 1,358 914NET ASSETS 52,029 33,156

LIABILITIES

EquityRetained profits 52,029 33,156TOTAL EQUITY 52,029 33,156


STATEMENT OF CASHFLOWS

For the financial year ended 30 June 2014


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STATEMENT OF CHANGES IN EQUITYFor the financial year ended 30 June 2014: Retained

Profits

Total Equity

$ $Balance at 1 July 2012

48,609 48,609

Net profit for the year(15,453) (15,453)

Balance at 30 June 2013 33,156 33,156

Net profit for the year 18,873 18,873

Balance at 30 June 2014 52,029 52,029

Note 2014 2013

$ $Cash flows from operating activitiesReceipts from donors & funding 97,268 56,964

Interest Receipts 934 847

General Payments to suppliers (2,027) (965)

Project funding (77,180) (71,385)

Net cash flows from (used in) operating activities 7 18,995 (14,539)

Cash flows from investing activitiesAcquisition of motor vehicles (10,284) 0Net cash flows used in investing activities (10,284) 0Net cash flows from Financing activities 0 0Net Increase/(decrease) in cash held 8,711 (14,539)

Cash at the beginning of the financial year 34,070 48,609

Cash at the end of the financial year 7 42,781 34,070


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NOTES TO AND FORMING PART OF THE ACCOUNTS30 JUNE 2014

NOTE 1. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

OverviewThe financial report covers Aid for Africa Down Under Ltd (“the Company”), an

unlisted public company limited by guarantee that is incorporated and domiciled in Australia.

Basis of Preparation of the Financial ReportThe financial report is a general purpose financial report which has been prepared

in accordance with the Australian Accounting Standards, Australian Accounting Interpretations and other authoritative pronouncements of the Australian Accounting Standards Board (AASB) and the requirements of the Corporations Act 2001. The company is a not for profit entity.The financial report has been prepared on an accrual basis and is based on

historical costs. The financial report is presented in Australian dollars.

1.3 Significant Accounting Judgements and EstimatesIn the process of applying the accounting policies listed in this note, there have

been no judgements that have significant impact on the amounts recorded in the financial statements.No accounting assumptions or estimates have been identified that have a

significant risk of causing a material adjustment to carrying amounts of assets and liabilities within the next accounting period.

1.4 Adoption New Accounting StandardsStandards and Interpretations affecting amounts, presentation and disclosure

reported in the current period. The following new and revised Standards and Interpretations have been adopted in the current year and have only affected the presentation and disclosure of these financial statements. Their adoption has not had any significant impact on the amounts in these financial statements.

Amendments TitleYear adopted by the Company

AASB 13 “Fair Value Measurement” (and consequential amendment AASB 2011-8) provides a single source of guidance for determining the fair value of assets and liabilities measured at fair value.

1 July 2013

AASB 2012-2 Amendments to Australian Accounting Standards - Disclosures - Offsetting Financial Assets and Financial Liabilities, which principally amends AASB 7 Financial Instruments: Disclosures to require disclosure of the effect or potential effect of netting arrangements, including rights of set-off associated with the Company's recognised financial assets and recognised financial liabilities, on the Company's financial position, when all the offsetting criteria of AASB 132 are not met.

1 July 2013

The following new and revised Standards and Interpretations have recently beenissued or amended but are not yet effective. The Company will apply these standardsif there’s any relevance to its financial statements for the annual reporting periodsbeginning on or after the effective dates. There is expected to be no financial impactfrom the adoption of revised Standards.

Title AmendmentEffective on or after

Financial year expected to be applied

AASB 9 Financial Instruments - December 2013 (Compilation) 1 January 2017

30 June 2017

AASB 2010-7

Amendments to Australian Accounting Standards arising from AASB 9 (December 2010) [AASB 1, 3, 4, 5, 7, 101, 102, 108, 112, 118, 120, 121, 127, 128, 131, 132, 136, 137, 139, 1023 & 1038 and Interpretations 2, 5, 10, 12, 19 & 127]

1 January 2015

30 June 2015

AASB 2012-3

Amendments to Australian Accounting Standards – Offsetting Financial Assets and Financial Liabilities [AASB 132]

1 January 2014

30 June 2014

AASB 2013-3

Amendments to AASB 136 – Recoverable Amount Disclosures for Non-Financial Assets

1 January 2014

30 June 2014

AASB 2013-5

Amendments to Australian Accounting Standards – Investment Entities [AASB 1, AASB 3, AASB 7, AASB 10, AASB 12, AASB 107, AASB 112, AASB 124, AASB 127, AASB 132, AASB 134 & AASB 139]

1 January 2014

30 June 2014

AASB 2013-8

Amendments to Australian Accounting Standards – Australian Implementation Guidance for Not-for-Profit Entities – Control and Structured Entities [AASB 10, AASB 12 & AASB 1049]

1 January 2014

30 June 2014

Other new and revised Standards and Interpretations that have been issued or amended but are not yet effective, have not been adopted for the reporting period ended 30 June 2014. The Company will apply these standards for the annual reporting periods beginning on or after the effective dates. It is expected that there will be no material financial impact from the application of these standards as they are primarily disclosure related.


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1.5 RevenueRevenue is recognised to the extent that it is probable that the economic benefits

will flow to the Company and the revenue can be reliably measured. Donations are recognised as revenue when received. Interest revenue is recognised on a proportional basis taking into account the interest rates applicable to the financial assets.

1.6 Retained profits

In accordance with the Company’s Articles of Incorporation, retained profits are not available for distribution to shareholders.

1.7 Income tax exemption

As a not-for-profit organisation, the Directors of the Company believe that the Company is not liable for income tax. Accordingly, no provision for income tax has been made in these financial statements.

1.8 Cash

Cash includes deposits held at call with banks.

1.9 Property, plant and equipment

Initial Recognition and Subsequent Measurement Property, plant and equipment are carried at cost less accumulated depreciation and any accumulated impairment losses. Costs incurred on property, plant and equipment subsequent to initial acquisition are capitalised when it is probable that the future economic benefits in excess of the originally assessed performance of the asset will flow to the Company in future years. All other costs are accounted as repairs and maintenance and are recognised in the income statement as incurred. DepreciationDepreciation on motor vehicle is calculated on the straight line method over its useful lives of 5 years. The assets residual values and useful lives are reviewed and adjusted, if appropriate, at each balance date. An asset's carrying amount is written down immediately to its recoverable amount if the assets carrying amount is greater than its estimated recoverable amount.

1.10 Financial Assets and Liabilities

Financial Assets

Recognition

Financial assets are recognised and derecognised on trade date where the purchase or sale of a financial asset is under a contract whose terms require delivery of the financial asset within the timeframe established by the market concerned, and are initially measured at fair value, net of transaction costs except for those financial assets classified as at fair value through profit or loss which are initially measured at fair value.

Financial assets are classified into the following specified categories: financial assets 'at fair value through profit or loss (FVPL) ', 'held-to maturity investments' (HTM), 'available-for-sale' financial assets (AFS) and 'loans and receivables'. The classification depends on the nature and purpose of the financial assets and is determined at the time of initial recognition. The Company does not have financial assets designated as FVPL, HTM and AFS

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.

Impairment of Financial Assets

Financial assets, other than those at fair value through profit or loss, are assessed for indicators of impairment at each balance sheet date. Financial assets are impaired where there is objective evidence that as a result of one or more events that occurred after the initial recognition.

For financial assets carried at amortised cost, the amount of the impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the original effective interest rate

The carrying amount of financial assets including uncollectible trade receivables is reduced by the impairment loss through the use of an allowance account. Subsequent recoveries of amounts previously written off are credited against the allowance account. Changes in the carrying amount of the allowance account are recognised in profit or loss


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Financial LiabilitiesFinancial liabilities are classified as either financial liabilities 'at fair value through profit or loss' (FVPL) or other financial liabilities. Financial liabilities at FVPL are initially measured at fair value. Subsequent fair value adjustments are recognised in profit or loss. The net gain or loss recognised in profit or loss incorporates any interest paid on financial liability.

Other financial liabilities are initially measured at fair value, net of transaction costs. Other financial liabilities are subsequently measured at amortised cost using the effective interest method, with interest expense recognised on an effective yield basis. The Company does not have financial liabilities designated at FVPL or other financial liabilities.

1.11 Goods and Services TaxRevenues, expenses and assets are recognised net of GST except:where the GST incurred on a purchase of goods and services is not recoverable from the taxation authority, in which case the GST is recognised as part of the cost of acquisition of the asset or as part of the expense item as applicable; andreceivables and payables are stated with the amount of GST included (except for transport fee receivable accounts).

The net amount of GST recoverable from, or payable to, the taxation authority is included as part of the receivables and payables in the balance sheet.

1.12 Foreign Currency TransactionsForeign currency transactions are translated into functional currency using the exchange rates prevailing at the date of the transactions.

1.13 Going ConcernThe continued operation of the Company is dependent on continued funding and donations from the community.

2014 20132. REVENUE $ $

Donations and Fundraising 98,618 56,964Interest – bank 934 847

99,552 57,811

3. EXPENSES - General administration - Freight- Project funding

2,3920

78,287

9650

72,299

80,679 73,2644. Cash and Cash Equivalents

Cash 42,781 34,070

5. Account Receivable

Trade debtors 1,350 0

6. Current Liabilities Trade creditors 1,358 914

7. STATEMENT OF CASH FLOWS

a) Reconciliation of the net profit to the net cash flows from operations

Net profit/(loss) 18,873 (15,453)Depreciation charges 1,028 0(Increase)/Decrease in receivables (1,350) 0(Decrease)/Increase in payables 444 0

Net cash flows from/(used in) operating activities 18,995 (15,453)

b) Reconciliation of cash

Cash balance comprises:- cash at bank 42,781 34,070


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8. RELATED PARTY DISCLOSURES

The directors of Aid for Africa Down Under during the financial year were:

11. FINANCIAL INSTRUMENTS

Cash deposits are non-interest bearing deposits, held at call with the National AustraliaBank.

Receivables and payables are non-interest bearing and are normally settled on 30 dayterms. The carrying amount of assets and liabilities approximates their net fair value.

Credit riskCredit risk refers to the risk that counterparty will default on its contractual obligationsresulting in financial loss to the Company. The Company does not have any materialcredit risk exposure to any single debtor or group of debtors under financialinstruments entered into by the Company, other than the National Australia Bank.

Liquidity riskLiquidity risk refers to the risk that the Company will not be able to meet its financialobligations as they fall due and lack of funding to finance its growth and capitalexpenditures and working capital requirements. The Company does not have anyliquidity risk exposure, as it does not have any financial liabilities as of 30 June 2014.

Market riskMarket risk refers to the risk that changes in market prices, such as foreign exchangerates, interest rates and other market prices will affect the Company’s income or thevalue of its holdings of financial statements. The Company is not subject to significantmarket risks.

Craig Gear Board of Directors Appointed 5/12/2010, chairperson appointed on 5/12/2010

Ian Routledge Board of Directors Appointed 29/07/2008, secretary appointed on 18/12/2012, and deputy chairman appointed on 26/09/2014

Pamela Joan Harrison Board of Directors Appointed 29/07/2008

David Utting Board of Directors Appointed 28/06/2011 and Secretaryappointed 27/11/2011

Emily Pia O’Donnell Board of Directors Appointed 5/12/2010, Resigned 18th

November 2013

Margaret June Fleming Board of Directors Appointed 27/11/2011

Godfrey Sibanda Board of Directors Appointed 18/12/2012

Wendy Mahy Board of Directors Appointed 18/12/2012

Anna-Maree Shin TingYip

Board of Directors Appointed 1/09/2013

9. RELATED PARTY DISCLOSURESNo income has been paid, or is payable, or otherwise made available, to directors ormanagement in connection with the management of the affairs of Aid for AfricaDown Under.

10. AUDITORS’ REMUNERATIONThe auditor’s remuneration is $500 in 2014 (2013: $750).


Web: afadu.com

Email: [email protected]

Members: [email protected]

Sponsors: [email protected]

P.O. Box 3023

Redfern NSW 2016

ABN 79 107 632 904

NSW Registered Charity No. CFN/21736

AFADU Contacts

December 2014

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[email protected] Iwww.afadu.com

mailto:[email protected]

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